Northeast Community Bancorp, Inc.

Northeast Community Bancorp, Inc. is the holding company for NorthEast Community Bank, which provides financial services to individuals and businesses. The bank accepts various deposit instruments such as checking accounts, money market accounts, regular savings accounts, non-interest-bearing demand accounts, and certificates of deposit. On the lending side, it offers construction loans, commercial and industrial loans, multifamily and mixed-use real estate loans, non-residential real estate loans, and consumer loans. Additionally, the bank invests in liquid assets including U.S. Treasury obligations, municipal securities, deposits at the Federal Home Loan Bank of New York, certificates of deposit from federally insured institutions, securities of federal agencies and state/municipal governments, as well as life insurance products and fixed rate annuities. It also provides personal loans and overdraft protection services.

Northeast Community Bancorp, Inc. is listed on the Nasdaq Capital Market (NasdaqCM) under the ticker symbol NECB. Its securities are traded in U.S. Dollars (USD), reflecting its operations based in the United States. The company's stock is available for trading on this exchange, which is part of the Nasdaq stock market and typically hosts smaller-capitalization companies.

Northeast Community Bancorp, Inc. operates in the Financial Services sector, specifically within the Banks - Regional industry. As a regional bank holding company, it focuses on providing traditional banking services to local communities. Its primary business involves taking deposits and making loans, which is typical for regional banks. The company's activities are concentrated in the Northeastern United States, serving both individuals and businesses through its branch network and loan production offices.

Northeast Community Bancorp, Inc. is headquartered in White Plains, New York. It serves customers through full-service branches located in Bronx, New York, as well as Orange, Rockland, and Sullivan Counties in New York, and Essex, Middlesex, and Norfolk Counties in Massachusetts. Additionally, the company operates loan production offices in White Plains, New City, and Danvers, Massachusetts. The bank also utilizes brokered deposits, listing service deposits, military deposits, and borrowings as sources of funds, alongside retail deposit products. Founded in 1934, the company has a long history of serving communities in New York and Massachusetts.

Northeast Community Bancorp generates revenue primarily through net interest income from its lending and investment activities. It earns interest on loans such as construction, commercial and industrial, multifamily and mixed-use real estate, non-residential real estate, and consumer loans. Additionally, it earns interest from investments in U.S. Treasury obligations, municipal securities, federal agency securities, and certificates of deposit. The bank also generates non-interest income from deposit account fees, life insurance products, and fixed rate annuities. Its funding sources include retail deposits, brokered deposits, listing service deposits, military deposits, and borrowings, which it uses to support its lending and investment portfolio.