Form 8-K

8-K — NorthEast Community Bancorp, Inc./MD/

Accession: 0001104659-26-053107

Filed: 2026-04-30

Period: 2026-04-29

CIK: 0001847398

SIC: 6036 (SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — tm2613189d1_8k.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (tm2613189d1_ex99-1.htm)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K — FORM 8-K

8-K (Primary)

Filename: tm2613189d1_8k.htm · Sequence: 1

false

0001847398

2026-04-29

iso4217:USD

xbrli:shares

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UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

Washington,

DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities

Exchange Act of 1934

Date of Report (Date of earliest event reported): April 29, 2026

NORTHEAST COMMUNITY BANCORP, INC.

(Exact Name of Registrant as Specified in Its

Charter)

Maryland

001-40589

86-3173858

(State or other jurisdiction of

(Commission

(IRS Employer

incorporation or organization)

File Number)

Identification No.)

325 Hamilton Avenue, White Plains, New York 10601

(Address of principal executive offices) (Zip Code)

(914) 684-2500

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended

to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.01 per share

NECB

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth

company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934

(17 CFR §240.12b-2).

Emerging growth company x

If an emerging growth company, indicate by check

mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting

standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 2.02 Results of Operations and Financial Condition.

On April 29, 2026, NorthEast

Community Bancorp, Inc. (the “Company”) issued a press release announcing its financial results for the three months ended

March 31, 2026. A copy of the Company’s press release is attached as Exhibit 99.1 and is furnished herewith.

The information contained

in this Item 2.02 and in Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act

of 1934 (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or

the Exchange Act, except as shall be expressly set forth by specific references in such a filing.

Item 9.01 Financial Statements and Other Exhibits.

(d) Exhibits

Number Description

99.1 Press Release dated April 29, 2026

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities

Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.

NORTHEAST COMMUNITY BANCORP, INC.

Date: April 30, 2026

By:

/s/ Kenneth A. Martinek

Kenneth A. Martinek

Chairman and Chief Executive Officer

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: tm2613189d1_ex99-1.htm · Sequence: 2

Exhibit 99.1

NECB Earnings Press Release for 03/31/2026:

NORTHEAST

COMMUNITY BANCORP, INC. REPORTS RESULTS

FOR THE THREE MONTHS ENDED MARCH 31, 2026

White Plains, New York, April 29, 2026 – NorthEast Community

Bancorp, Inc. (Nasdaq: NECB) (the “Company”), the parent holding company of NorthEast Community Bank (the “Bank”),

reported net income of $10.0 million, or $0.76 per basic share and $0.74 per diluted share, for the three months ended March 31, 2026

compared to net income of $10.6 million, or $0.80 per basic share and $0.78 per diluted share, for the three months ended March 31, 2025.

Kenneth A. Martinek, Chairman of the Board and Chief Executive Officer,

stated “We are again pleased to report continued strong performance throughout our entire loan portfolio. We continue our laser

focus on construction lending in high demand, high absorption submarkets in the Bronx, Rockland, Orange, and Sullivan Counties.”

“Demand for construction loans throughout these submarkets continues

to demonstrate robust growth and we look forward to meeting this growing demand going forward. At March 31, 2026, construction loan commitments

and loans-in-process outstanding increased by approximately 37.8% as compared to the first quarter of 2025, with over $819 million in

total unfunded loan commitments outstanding, and represents a 20.6% increase over the amount of such total commitments outstanding at

December 31, 2025.”

Highlights for the three months ended March 31, 2026 are as follows:

· Performance metrics continue to be strong with a return on average total assets ratio of 1.97%, a return on average shareholders’

equity ratio of 11.13%, and an efficiency ratio of 43.64% for the three months ended March 31, 2026.

· Asset quality metrics continue to remain strong with no non-performing loans at either March 31, 2026 or December 31, 2025, and non-performing

assets to total assets were 0.00% at both March 31, 2026 and at December 31, 2025. Our allowance for credit losses related to loans totaled

$4.6 million, or 0.25% total loans at March 31, 2026 compared to $4.7 million, or 0.25% of total loans at December 31, 2025.

· Total stockholders’ equity increased by $4.6 million, or 1.3%, to $356.3 million, or 17.59% of total assets as of March 31,

2026 from $351.7 million, or 17.04% of total assets as of December 31, 2025.

Balance Sheet Summary

Total assets decreased $38.4 million, or 1.9%, to $2.0 billion

at March 31, 2026, from $2.1 billion at December 31, 2025. The decrease in assets was primarily due to decreases in net loans of

$31.8 million, cash and cash equivalents of $5.0 million, and other assets of $2.0 million.

Cash and cash equivalents decreased $5.0 million, or 6.1%, to $76.2

million at March 31, 2026 from $81.2 million at December 31, 2025. The decrease in cash and cash equivalents partially funded a decrease

of $50.0 million in borrowings.

Equity securities increased $879,000, or 3.3%, to $27.4 million at

March 31, 2026 from $26.6 million at December 31, 2025. The increase in equity securities was attributable to the purchase of $1.0 million

in equity securities during the three months ended March 31, 2026, partially offset by market depreciation of $121,000 due to market interest

rate volatility during the three months ended March 31, 2026.

Securities held-to-maturity decreased $150,000, or 0.8%, to $18.2 million

at March 31, 2026 from $18.3 million at December 31, 2025 due to pay-downs of various investment securities.

Loans, net of the allowance for credit losses, decreased $31.8 million,

or 1.7%, to $1.8 billion at March 31, 2026 from $1.9 billion at December 31, 2025. The decrease in loans consisted of decreases of

$16.1 million in construction loans, $14.3 million in multi-family loans, $610,000 in commercial and industrial loans, $494,000 in mixed-use

loans, $258,000 in non-residential loans, $34,000 in one-to-four family loans, and $21,000 in consumer loans. The decrease in our construction

loan portfolio was due to normal pay-downs and principal reductions as construction projects were completed and either condominium units

were sold to end buyers or multi-family rental buildings were refinanced by other financial institutions.

During the three months ended March 31, 2026, we originated loans totaling

$266.1 million, which includes commitments and funded loans, consisting primarily of $244.2 million in construction loans and $21.8 million

in commercial and industrial loans. The $244.2 million in construction loans had $99.5 million, or 40.7%, disbursed at loan closing, with

the remaining funds to be disbursed over the terms of the construction loans. The commercial and industrial loans had $18.9 million, or

86.7%, disbursed at loan closing.

The allowance for credit losses related to loans decreased to $4.6

million as of March 31, 2026, from $4.7 million as of December 31, 2025. The decrease in the allowance for credit losses related to loans

was due to charge-offs totaling $27,000 and a provision for credit losses reduction of $112,000 to the allowance for credit losses related

to loans due to a decrease of $31.8 million in the loan portfolio. The provision for credit losses reduction of $112,000 to the allowance

for credit losses related to loans was offset by a provision for credit losses of $112,000 to the allowance for credit losses related

to off-balance sheet commitments.

The allowance for credit losses for off-balance sheet commitments increased

$112,000, or 12.7%, to $991,000 at March 31, 2026 from $879,000 at December 31, 2025 due primarily to an increase of $140.0 million, or

20.6%, in off-balance sheet commitments from December 31, 2025 to March 31, 2026.

Premises and equipment decreased $199,000, or 0.8%, to $25.2 million

at March 31, 2026 from $25.4 million at December 31, 2025 primarily due to the amortization of fixed assets.

Federal Home Loan Bank stock was $410,000 and property held for investment

was $1.3 million at both March 31, 2026 and December 31, 2025.

Bank owned life insurance (“BOLI”) increased $179,000,

or 0.7%, to $26.6 million at March 31, 2026 from $26.4 million at December 31, 2025 due to increases in the BOLI cash value.

Accrued interest receivable decreased $152,000, or 1.2%, to $12.1 million

at March 31, 2026 from $12.2 million at December 31, 2025 due to a decrease of $31.9 million in the loan portfolio.

Right of use assets — operating decreased $179,000,

or 3.8%, to $4.5 million at March 31, 2026 from $4.7 million at December 31, 2025, primarily due to depreciation of the right

of use assets.

Other assets decreased $2.0 million, or 18.0%, to $9.0 million at March

31, 2026 from $11.0 million at December 31, 2025 due to decreases of $2.2 million in tax assets, partially offset by increases of

$143,000 in prepaid expenses and $57,000 in suspense accounts.

Total deposits increased $9.4 million, or 0.6%, to $1.6 billion

at March 31, 2026 from $1.6 billion at December 31, 2025. The increase in deposits was primarily due to increases in NOW/money market

accounts of $50.0 million, or 16.5% and non-interest bearing deposits of $25.0 million, or 9.2%, partially offset by decreases in certificates

of deposit of $57.1 million, or 6.3%, and savings account balances of $8.5 million, or 6.0%. The decrease of $57.1 million in certificates

of deposit consisted of decreases in brokered certificates of deposit of $40.6 million, or 11.0%, non-brokered listing services certificates

of deposit of $5.4 million, or 6.2%, and retail certificates of deposit of $11.2 million, or 2.5%.

The decrease in brokered certificates of deposit and non-brokered listing

services certificates of deposit was due to management’s strategy to reduce the cost of funds by “calling” higher rate

brokered deposits on their call dates and to rely less on brokered deposits and non-brokered listing service deposits. The decrease in

retail certificates of deposit was due to a shift in deposits to our retail high yield money market accounts.

Advance payments by borrowers for taxes and insurance increased $572,000,

or 24.3%, to $2.9 million at March 31, 2026 from $2.4 million at December 31, 2025 due primarily to accumulation of real estate tax payments

from borrowers.

Borrowings decreased $50.0 million, or 71.4%, to $20.0 million at March

31, 2026 from $70.0 million at December 31, 2025 due primarily to management’s strategy to reduce the cost of funds.

Lease liability – operating decreased $163,000, or 3.4%, to $4.6

million at March 31, 2026 from $4.8 million at December 31, 2025, primarily due to the amortization of the lease liability.

Accounts payable and accrued expenses decreased $2.8 million, or 15.9%,

to $14.6 million at March 31, 2026 from $17.3 million at December 31, 2025 due primarily to decreases in accrued expense of $2.9 million

and accrued interest expense of $438,000, partially offset by increases in suspense account – loan closings of $217,000, deferred

compensation of $158,000, and accounts payable of $40,000.

Stockholders’

equity increased $4.6 million, or 1.3% to $356.3 million at March 31, 2026, from $351.7 million at December 31, 2025. The

increase in stockholders’ equity was due to net income of $10.0 million for the three months ended March 31, 2026, an

increase of $178,000 in earned employee stock ownership plan shares coupled with a reduction of $130,000 in unearned employee stock

ownership plan shares, the amortization expense of $547,000 relating to restricted stock and stock options granted under the Company’s

2022 Equity Incentive Plan, $37,000 in stock options exercised, and $8,000 in other comprehensive income. These increases were offset

by stock repurchases and excise taxes of $3.6 million and dividends declared of $2.7 million.

Results of Operations for the Three Months Ended March 31, 2026

and 2025

Net Interest Income

Net interest income was $24.1 million for the three months ended

March 31, 2026, as compared to $24.3 million for the three months ended March 31, 2025. The decrease in net interest income of $130,000,

or 0.5%, was primarily due to a decrease in interest income that exceeded a decrease in interest expense caused by a decrease in the yield

on interest-earning assets that exceeded the decrease in the cost of funds for interest-bearing liabilities.

Total interest

and dividend income decreased $2.2 million, or 5.9%, to $36.0 million for the three months ended March 31, 2026 from $38.2 million for

the three months ended March 31, 2025. The decrease in interest and dividend income was due to a decrease in the yield on interest-earning

assets by 61 basis points from 8.05% for the three months ended March 31, 2025 to 7.44% for the three months ended March 31, 2026, partially

offset by an increase in the average balance of interest-earning assets of $35.2 million, or 1.9%, to $1.9 billion for the three months

ended March 31, 2026 from $1.9 billion for the three months ended March 31, 2025.

Interest expense decreased $2.1 million, or 15.1%, to $11.8 million

for the three months ended March 31, 2026 from $13.9 million for the three months ended March 31, 2025. The decrease in interest expense

was due to a decrease in the cost of interest-bearing liabilities by 58 basis points from 4.05% for the three months ended March 31, 2025

to 3.47% for the three months ended March 31, 2026. The decrease in interest expense was also due to a decrease in the average balance

of interest-bearing liabilities of $9.9 million, or 0.7%, to $1.4 billion for the three months ended March 31, 2026 from $1.4 billion

for the three months ended March 31, 2025.

Our net interest margin decreased 12 basis points, or 2.4%, to 4.99%

for the three months ended March 31, 2026 compared to 5.11% for the three months ended March 31, 2025. The decrease in the net interest

margin was due to a 75 basis points decrease in the Federal Funds rate from September 2025 to December 2025 that resulted in a decrease

in the yield on interest-earning assets, partially offset by a smaller decrease in the cost of funds on interest-bearing liabilities.

Credit Loss Expense

The Company recorded no credit loss expense for the three months ended

March 31, 2026 compared to a credit loss expense of $237,000 for the three months ended March 31, 2025.

The credit loss expense of $237,000 for the three months ended March

31, 2025 was comprised of credit loss expense for loans of $62,000 and credit loss expense for off-balance sheet commitments of $175,000.

The credit loss expense for loans of $62,000 for the three months ended March 31, 2025 was primarily due to an increase in the multi-family

loan portfolio. The credit loss expense for off-balance sheet commitments of $175,000 for the three months ended March 31, 2025 was primarily

due to an increase in unfunded off-balance sheet commitments.

With respect to the allowance for credit losses for loans, we charged-off

$27,000 during the quarter ended March 31, 2026, as compared to charge-offs of $117,000 during the quarter ended March 31, 2025. The charge-offs

during both periods were against various unpaid overdrafts in our demand deposit accounts.

We recorded no recoveries during the quarter ended March 31, 2026 compared

to recoveries of $352,000 during the quarter ended March 31, 2025. The recoveries of $352,000 during the quarter ended March 31,

2025 were comprised of recoveries of $350,000 regarding a previously charged-off non-residential mortgage loan and $2,000 from a previously

charged-off unpaid overdraft on a demand deposit account.

Non-Interest Income

Non-interest income for the three months ended March 31, 2026 was $796,000

compared to non-interest income of $1.2 million for the three months ended March 31, 2025. The decrease of $439,000, or 35.5%, in total

non-interest income was primarily due to decreases of $421,000 in unrealized gain/(loss) on equity securities and $71,000 in other loan

fees and service charges, partially offset by increases of $41,000 in miscellaneous other non-interest income and $12,000 in BOLI income.

The decrease

in unrealized gain/(loss) on equity securities was due to an unrealized loss of $121,000 on equity securities during the quarter ended

March 31, 2026 compared to an unrealized gain of $300,000 on equity securities during the quarter ended March 31, 2025. The unrealized

loss of $121,000 and unrealized gain of $300,000 on equity securities during the quarters ended March 31, 2026 and 2025, respectively,

were due to market interest rate volatility during both periods.

The decrease

of $71,000 in other loan fees and service charges was due to a decrease of $143,000 in miscellaneous loan fees, partially offset by an

increase of $72,000 in ATM/debit card/ACH fees. The increase of $41,000 in miscellaneous other non-interest income was due to general

accrual adjustments during the quarter. The increase of $12,000 in BOLI income was due to an increase in the yield on BOLI assets.

Non-Interest Expense

Non-interest expense increased $260,000, or 2.4%, to $10.9 million

for the three months ended March 31, 2026 from $10.6 million for the three months ended March 31, 2025. The increase resulted primarily

from increases of $239,000 in salaries and employee benefits, $127,000 in occupancy expense, $61,000 in outside data processing expense,

and $6,000 in equipment expense, partially offset by decreases of $84,000 in other operating expense, $59,000 in advertising expense,

and $30,000 in real estate owned expense.

Income Taxes

We recorded income tax expense of $4.1 million for both three

months ended March 31, 2026 and 2025, respectively. For the three months ended March 31, 2026, we had approximately $248,000 in tax exempt

income, compared to approximately $204,000 in tax exempt income for the three months ended March 31, 2025. Our effective income tax rate

was 29.2% for the three months ended March 31, 2026 compared to 27.8% for the three months ended March 31, 2025.

Asset Quality

We had no non-performing assets at March 31, 2026 and December 31,

2025. Our ratio of non-performing assets to total assets was 0.00% at March 31, 2026 and December 31, 2025.

The Company’s allowance for credit losses related to loans was

$4.6 million, or 0.25% of total loans as of March 31, 2026, compared to $4.7 million, or 0.25% of total loans as of December 31, 2025.

Based on a review of the loans that were in the loan portfolio at March 31, 2026, management believes that the allowance for credit losses

related to loans is maintained at a level that represents its best estimate of inherent losses in the loan portfolio that were both probable

and reasonably estimable.

In addition, at March 31, 2026, the Company’s allowance for credit

losses related to off-balance sheet commitments totaled $991,000 and the allowance for credit losses related to held-to-maturity debt

securities totaled $126,000.

Capital

The Company’s total stockholders’ equity to assets ratio

was 17.59% as of March 31, 2026. At March 31, 2026, the Company had the ability to borrow $866.7 million from the Federal Reserve Bank

of New York and $8.0 million from Atlantic Community Bankers Bank.

The Bank’s capital position remains strong relative to current

regulatory requirements and the Bank is considered a well-capitalized institution under the Prompt Corrective Action framework. As of

March 31, 2026, the Bank had a tier 1 leverage capital ratio of 16.76% and a total risk-based capital ratio of 15.73%.

The Company completed its first stock repurchase program on April 14,

2023 whereby the Company repurchased 1,637,794 shares, or 10%, of the Company’s issued and outstanding common stock. The cost of

the first stock repurchase program totaled $23.0 million, including commission costs and Federal excise taxes.

The Company commenced its second stock repurchase program on May 30,

2023 whereby the Company was to repurchase 1,509,218, or 10%, of the Company’s issued and outstanding common stock. The Company

terminated its second stock repurchase program on December 31, 2025 whereby the Company had repurchased 1,091,174, or 7.2% of the Company’s

issued and outstanding common stock at the commencement of the second stock repurchase program. The cost of the second repurchase program

totaled $17.2 million, including commission costs and Federal excise taxes.

The Company commenced its third stock repurchase program on December

10, 2025 whereby the Company will repurchase 1,400,435, or 10%, of the Company’s issued and outstanding common stock. As of March

31, 2026, the Company had repurchased 196,438 shares of common stock under its third repurchase program, at a cost of $4.5 million, including

commission costs and Federal excise taxes.

About NorthEast Community Bancorp

NorthEast Community Bancorp, headquartered at 325 Hamilton Avenue,

White Plains, New York 10601, is the holding company for NorthEast Community Bank, which conducts business through its eleven branch offices

located in Bronx, New York, Orange, Rockland, and Sullivan Counties in New York and Essex, Middlesex, and Norfolk Counties in Massachusetts

and three loan production offices located in New City, New York, White Plains, New York, and Danvers, Massachusetts. For more information

about NorthEast Community Bancorp and NorthEast Community Bank, please visit www.necb.com.

Forward Looking Statement

This press release contains certain forward-looking statements. Forward-looking

statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to

historical or current facts. They often include words such as “believe,” “expect,” “anticipate,” “estimate,”

and “intend” or future or conditional verbs such as “will,” “would,” “should,” “could,”

or “may.” These statements are based upon the current beliefs and expectations of the Company’s management and are subject

to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements as

a result of numerous factors. Factors that could cause actual results to differ materially from expected results include, but are not

limited to, changes in market interest rates, regional and national economic conditions (including higher inflation or recessionary conditions

and their impact on regional and national economic conditions), legislative and regulatory changes, monetary and fiscal policies of the

United States government, including policies of the United States Treasury and the Federal Reserve Board, the impacts of tariffs, sanctions

and other trade policies of the United States and its global trading counterparts, the impact of changing political conditions or federal

government shutdowns, the quality and composition of the loan or investment portfolios, demand for loan products, decreases in deposit

levels necessitating increased borrowing to fund loans and securities, competition, demand for financial services in NorthEast Community

Bank’s market area, changes in the real estate market values in NorthEast Community Bank’s market area, the impact of failures

or disruptions in or breaches of the Company’s operational or security systems, data or infrastructure, or those of third parties,

including as a result of cyberattacks or campaigns, and changes in relevant accounting principles and guidelines. Additionally, other

risks and uncertainties may be described in our annual and quarterly reports filed with the U.S. Securities and Exchange Commission (the

“SEC”), which are available through the SEC’s website located at www.sec.gov. These risks and uncertainties should be

considered in evaluating any forward-looking statements and undue reliance should not be placed on such statements. Except as required

by applicable law or regulation, the Company does not undertake, and specifically disclaims any obligation, to release publicly the result

of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of the statements

or to reflect the occurrence of anticipated or unanticipated events.

CONTACT:

Kenneth A. Martinek

Chairman and Chief Executive

Officer

PHONE:

(914) 684-2500

NORTHEAST COMMUNITY BANCORP, INC.

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

(Unaudited)

March 31,

December 31,

2026

2025

(In thousands, except share

and per share amounts)

ASSETS

Cash and amounts due from depository institutions

$ 13,996

$ 10,456

Interest-bearing deposits

62,215

70,719

Total cash and cash equivalents

76,211

81,175

Certificates of deposit

100

Equity securities

27,449

26,570

Securities held-to-maturity (net of allowance for credit losses of $126 and $126, respectively)

18,165

18,315

Loans receivable

1,828,208

1,860,066

Deferred loan costs, net

174

268

Allowance for credit losses

(4,592 )

(4,731 )

Net loans

1,823,790

1,855,603

Premises and equipment, net

25,178

25,377

Investments in restricted stock, at cost

410

Bank owned life insurance

26,613

26,433

Accrued interest receivable

12,076

12,228

Property held for investment

1,324

1,334

Right of Use Assets – Operating

4,477

4,656

Right of Use Assets – Financing

342

343

Other assets

8,992

10,964

Total assets

$ 2,025,127

$ 2,063,508

LIABILITIES AND STOCKHOLDERS’ EQUITY

Liabilities:

Deposits:

Non-interest bearing

$ 296,923

$ 271,924

Interest bearing

1,329,354

1,344,977

Total deposits

1,626,277

1,616,901

Advance payments by borrowers for taxes and insurance

2,924

2,352

Borrowings

20,000

70,000

Lease Liability – Operating

4,633

4,796

Lease Liability – Financing

444

434

Accounts payable and accrued expenses

14,564

17,325

Total liabilities

1,668,842

1,711,808

Stockholders’ equity:

Preferred stock, $0.01 par value; 25,000,000 shares authorized; none issued or outstanding

$ —

Common stock, $0.01 par value; 75,000,000 shares authorized; 13,815,407 shares and 13,963,432 shares outstanding, respectively

138

140

Additional paid-in capital

108,730

111,575

Unearned Employee Stock Ownership Plan (“ESOP”) shares

(5,088 )

(5,218 )

Retained earnings

252,264

244,970

Accumulated other comprehensive income

241

233

Total stockholders’ equity

356,285

351,700

Total liabilities and stockholders’ equity

$ 2,025,127

$ 2,063,508

NORTHEAST COMMUNITY BANCORP, INC.

CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

Quarter Ended March 31,

2026

2025

(In thousands, except per share amounts)

INTEREST INCOME:

Loans

$ 35,042

$ 36,882

Interest-earning deposits

602

1,081

Securities

325

244

Total Interest Income

35,969

38,207

INTEREST EXPENSE:

Deposits

11,402

13,933

Borrowings

423

Financing lease

Total Interest Expense

11,835

13,943

Net Interest Income

24,134

24,264

Provision for credit loss

—

237

Net Interest Income after Provision for Credit Loss

24,134

24,027

NON-INTEREST INCOME:

Other loan fees and service charges

669

740

Earnings on bank owned life insurance

179

167

Unrealized (loss) gain on equity securities

(121 )

300

Other

Total Non-Interest Income

796

1,235

NON-INTEREST EXPENSES:

Salaries and employee benefits

6,172

5,933

Occupancy expense

874

747

Equipment

223

217

Outside data processing

796

735

Advertising

102

Real estate owned expense

Other

2,771

2,855

Total Non-Interest Expenses

10,879

10,619

INCOME BEFORE PROVISION FOR INCOME TAXES

14,051

14,643

PROVISION FOR INCOME TAXES

4,099

4,076

NET INCOME

$ 9,952

$ 10,567

NORTHEAST COMMUNITY BANCORP, INC.

SELECTED CONSOLIDATED FINANCIAL DATA

(Unaudited)

Quarter Ended March 31,

2026

2025

(In thousands,

except per share amounts)

Per share data:

Earnings per share - basic

$ 0.76

$ 0.80

Earnings per share - diluted

0.74

0.78

Weighted average shares outstanding - basic

13,176

13,192

Weighted average shares outstanding - diluted

13,522

13,560

Performance ratios/data:

Return on average total assets

1.97 %

2.12 %

Return on average shareholders' equity

11.13 %

12.98 %

Net interest income

$ 24,134

$ 24,264

Net interest margin

4.99 %

5.11 %

Efficiency ratio

43.64 %

41.64 %

Net charge-off (recovery) ratio

0.01 %

(0.05 )%

Loan portfolio composition:

March 31, 2026

December 31, 2025

One-to-four family

$ 3,080

$ 3,114

Multi-family

292,160

306,508

Mixed-use

24,703

25,197

Total residential real estate

319,943

334,819

Non-residential real estate

38,205

38,463

Construction

1,320,236

1,336,329

Commercial and industrial

149,787

150,397

Consumer

Gross loans

1,828,208

1,860,066

Deferred loan costs, net

174

268

Total loans

$ 1,828,382

$ 1,860,334

Asset quality data:

Loans past due over 90 days and still accruing

$ -

Non-accrual loans

Total non-performing assets

$ -

Allowance for credit losses to total loans

0.25 %

Allowance for credit losses to non-performing loans

0.00 %

Non-performing loans to total loans

0.00 %

Non-performing assets to total assets

0.00 %

Bank's Regulatory Capital ratios:

Total capital to risk-weighted assets

15.73 %

15.62 %

Common equity tier 1 capital to risk-weighted assets

15.47 %

15.36 %

Tier 1 capital to risk-weighted assets

15.47 %

15.36 %

Tier 1 leverage ratio

16.76 %

16.39 %

NORTHEAST COMMUNITY BANCORP, INC.

NET INTEREST MARGIN ANALYSIS

(Unaudited)

Quarter Ended March 31, 2026

Quarter Ended March 31, 2025

Average

Interest

Average

Interest

Average

Balance

and dividend

Yield

Balance

and dividend

Yield

(In thousands, except yield/cost information)

Loan receivable gross

$ 1,828,106

$ 35,042

7.67 %

$ 1,767,849

$ 36,882

8.35 %

Securities

45,092

319

2.83 %

36,751

235

2.56 %

Federal Home Loan Bank stock

410

5.85 %

397

9.07 %

Other interest-earning assets

60,090

602

4.01 %

93,476

1,081

4.63 %

Total interest-earning assets

1,933,698

35,969

7.44 %

1,898,473

38,207

8.05 %

Allowance for credit losses

(4,731 )

(4,827 )

Non-interest-earning assets

91,211

96,493

Total assets

$ 2,020,178

$ 1,990,139

Interest-bearing demand deposit

$ 322,529

$ 2,453

3.04 %

$ 274,630

$ 2,445

3.56 %

Savings and club accounts

135,826

670

1.97 %

138,903

730

2.10 %

Certificates of deposit

858,274

8,279

3.86 %

962,084

10,758

4.47 %

Total interest-bearing deposits

1,316,629

11,402

3.46 %

1,375,617

13,933

4.05 %

Borrowed money

49,064

433

3.53 %

Total interest-bearing liabilities

1,365,693

11,835

3.47 %

1,375,617

13,943

4.05 %

Non-interest-bearing demand deposit

274,984

270,874

Other non-interest-bearing liabilities

21,990

18,086

Total liabilities

1,662,667

1,664,577

Equity

357,511

325,562

Total liabilities and equity

$ 2,020,178

$ 1,990,139

Net interest income / interest spread

$ 24,134

3.97 %

$ 24,264

4.00 %

Net interest rate margin

4.99 %

5.11 %

Net interest earning assets

$ 568,005

$ 522,856

Average

interest-earning assets to interest-bearing liabilities

141.59 %

138.01 %

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