secwatch.observer — SEC 8-K summary
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Issuer:     NorthEast Community Bancorp, Inc./MD/ (NECB)
CIK:        0001847398
Form:       8-K
Filed at:   2025-07-25T23:59:59+00:00
Accession:  0001104659-25-070676
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NorthEast Community Bancorp Q2 net income $11.2M, down 12% YoY; NIM compresses 44 bps
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- Net income of $11.2M ($0.82 diluted) vs $12.8M ($0.97) in Q2 2024; H1 income $21.7M vs $24.2M.
- Net interest margin fell to 5.35% from 5.79% due to 100 bps of Fed rate cuts; yield on earning assets down 78 bps.
- Deposits decreased $191.2M (11.5%) to $1.5B; borrowings added $135.0M to diversify funding.
- Non-performing assets improved to $767k from $5.1M; no non-performing loans and NPA/assets ratio 0.04%.
- Unfunded loan commitments exceeded $636M; strong demand in construction and cooperative building loans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1847398/000110465925070676/0001104659-25-070676-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1847398/000110465925070676/tm2521665d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-070676

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