The bank maintains a conservative capital structure with an equity-to-assets ratio of 18%, though the $1.9 billion investment securities portfolio relative to $2.0 billion in total assets suggests potential duration risk.
Northeast Community Bancorp, Inc. (NECB) balance sheet — 22-year assets, liabilities & shareholders' equity history
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 |
|---|
| Cash & Short Term Investments | 231.5M | 81.28M | 78.36M | 68.77M | 95.41M | 152.37M | 69.29M | 127.78M | 60.22M | 0 | 47.77M | 28.5M | 34.2M | 33.79M | 49.77M | 85.22M | 47.44M | 97.43M | 37.03M | 39.15M | 36.75M | 27.39M | 48.55M |
| Cash & Due from Banks | 9.47M | 81.28M | 78.36M | 68.77M | 95.41M | 152.37M | 69.29M | 127.78M | 51.35M | 0 | 43.82M | 28.47M | 34.16M | 33.67M | 49.64M | 85.22M | 47.44M | 97.43M | 37.03M | 39.15M | 36.75M | 27.39M | 48.55M |
| Short Term Investments | 0 | 0 | 0 | 0 | 1K | 1K | 2K | 5K | 8.77M | 0 | 3.95M | 35K | 40K | 113K | 129K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 2.03B | 1.9B | 1.84B | 1.62B | 1.26B | 1.01B | 837.45M | 767.08M | 762.65M | 35.49M | 634.14M | 512.76M | 430.08M | 376.38M | 345.9M | 366.99M | 384.82M | 398.29M | 365.88M | 286.33M | 229.12M | 203.49M | 179.56M |
| Investments Growth % | 26.61% | 3.04% | 14.15% | 28.58% | 24.93% | 20.12% | 9.17% | 0.58% | 2048.8% | -94.4% | 23.67% | 19.22% | 14.27% | 8.81% | -5.75% | -4.63% | -3.38% | 8.86% | 27.78% | 24.97% | 12.6% | 13.33% | - |
| Long-Term Investments | 7.71B | 1.9B | 1.84B | 1.62B | 1.26B | 1.01B | 837.45M | 767.08M | 753.88M | 35.49M | 630.19M | 512.73M | 430.04M | 376.27M | 345.77M | 366.99M | 384.82M | 398.29M | 365.88M | 286.33M | 229.12M | 203.49M | 179.56M |
| Accounts Receivables | 12.19M | 12.16M | 13.48M | 12.31M | 8.6M | 4.28M | 3.84M | 3.96M | 4.13M | 0 | 2.55M | 1.92M | 1.45M | 1.27M | 976K | 1.5M | 1.7M | 1.92M | 1.78M | 1.34M | 1.1M | 1M | 878K |
| Goodwill & Intangibles | 0 | 0 | 0 | 0 | 200K | 651K | 651K | 749K | 789K | 850K | 911K | 972K | 1.03M | 1.09M | 1.49M | 1.78M | 1.84M | 1.9M | 1.96M | 2.02M | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 200K | 651K | 651K | 749K | 749K | 749K | 749K | 749K | 749K | 749K | 1.08M | 1.31M | 1.31M | 1.31M | 1.31M | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40K | 101K | 162K | 223K | 284K | 345K | 406K | 466K | 527K | 588K | 649K | 2.02M | 0 | 0 | 0 |
| PP&E (Net) | 29.66M | 30.38M | 29.15M | 30.37M | 28.73M | 26.83M | 22.13M | 20.14M | 15.45M | 13.05M | 14.06M | 12.15M | 11.72M | 12.23M | 12.9M | 8.91M | 6.78M | 8.22M | 4.37M | 4.53M | 11.12M | 5M | 5.49M |
| Other Assets | 37.88M | 39.21M | 44.21M | 36.92M | 35.37M | 35.02M | 34.86M | 35.47M | 35.86M | 713.51M | 39.02M | 37.34M | 36.98M | 33.58M | 33.32M | 24.74M | 23.42M | 19.51M | 13.21M | 10.53M | 10.33M | 1.94M | 2.82M |
| Total Current Assets | 21.66M | 93.43M | 91.84M | 81.08M | 104.01M | 156.65M | 73.13M | 131.74M | 64.35M | 49.44M | 50.32M | 30.42M | 35.65M | 35.05M | 50.75M | 86.72M | 49.15M | 99.36M | 38.82M | 40.49M | 37.85M | 28.39M | 49.43M |
| Total Non-Current Assets | 2.09B | 1.97B | 1.92B | 1.68B | 1.32B | 1.07B | 895.09M | 823.44M | 813.95M | 766.09M | 682.18M | 563.19M | 479.77M | 423.17M | 393.48M | 402.42M | 416.86M | 427.92M | 385.41M | 303.41M | 250.57M | 210.43M | 187.87M |
| Total Assets | 2.12B | 2.06B | 2.01B | 1.76B | 1.42B | 1.23B | 968.22M | 955.17M | 871.69M | 815.52M | 734.82M | 593.61M | 515.42M | 458.23M | 444.22M | 489.29M | 466.01M | 527.28M | 424.23M | 343.89M | 288.42M | 238.82M | 237.3M |
| Asset Growth % | 19.07% | 2.68% | 13.91% | 23.8% | 16.32% | 26.53% | 1.37% | 9.58% | 6.89% | 10.98% | 23.79% | 15.17% | 12.48% | 3.15% | -9.21% | 5% | -11.62% | 24.29% | 23.36% | 19.24% | 20.77% | 0.64% | - |
| Return on Assets (ROA) | 2.05% | 2.18% | 2.49% | 2.9% | 1.87% | 1.09% | 1.28% | 1.42% | 1.54% | 1.04% | 0.76% | 0.42% | 0.35% | 0.25% | -0.54% | 0.49% | 0.38% | -0.55% | 0.55% | 3.84% | 0.59% | 0.84% | 0.66% |
| Accounts Payable | 18.59M | 17.32M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 684K | 737K |
| Total Debt | 194.92M | 75.23M | 4.72M | 69.2M | 23.9M | 31.1M | 31.57M | 22.58M | 42.46M | 62.87M | 70.25M | 56.17M | 30M | 21M | 15M | 20M | 25.17M | 38.48M | 47.1M | 0 | 0 | 0 | 0 |
| Net Debt | 185.45M | -6.04M | -73.64M | 425K | -71.51M | -121.27M | -37.72M | -105.19M | -8.99M | 62.87M | 26.43M | 27.71M | -4.16M | -12.67M | -34.64M | -65.22M | -22.27M | -58.62M | 10.07M | -39.15M | -36.75M | -27.39M | -48.55M |
| Long-Term Debt | 190M | 70M | 0 | 64M | 21M | 28M | 28M | 21M | 42.46M | 22.46M | 70.25M | 56.17M | 30M | 21M | 15M | 20M | 25.17M | 38.48M | 46.62M | 0 | 0 | 0 | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40.41M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 328K | 481K | 0 | 0 | 0 | 0 |
| Other Liabilities | 1.56B | 2.35M | 16.15M | 15.58M | 17.12M | 15.42M | 11.12M | 11.32M | 0 | 209.59M | 0 | 8.15M | 7.56M | 7.85M | 7.25M | 8.59M | 5.87M | 1.5M | 5.19M | 2.88M | 1.93M | 1.02M | 1.06M |
| Total Current Liabilities | 1.56B | 1.63B | 1.67B | 1.4B | 1.12B | 927.16M | 771.71M | 779.16M | 687.1M | 465.87M | 545.35M | 424.23M | 374.05M | 325.21M | 318.12M | 353.64M | 326.83M | 379.85M | 261.91M | 232.18M | 189.74M | 194.68M | 195.09M |
| Total Non-Current Liabilities | 1.75B | 77.58M | 20.86M | 84.77M | 41.02M | 46.52M | 42.69M | 33.9M | 53.61M | 232.76M | 79.71M | 64.32M | 37.56M | 28.85M | 22.25M | 28.59M | 31.04M | 39.98M | 51.81M | 2.88M | 1.93M | 1.02M | 1.06M |
| Total Liabilities | 1.75B | 1.71B | 1.69B | 1.48B | 1.16B | 973.69M | 814.4M | 813.06M | 740.71M | 698.63M | 625.28M | 488.56M | 411.62M | 354.06M | 340.38M | 382.22M | 357.87M | 419.83M | 313.73M | 235.07M | 191.67M | 195.7M | 196.15M |
| Total Equity | 362.57M | 351.7M | 318.34M | 279.32M | 261.99M | 251.38M | 153.82M | 142.11M | 129.62M | 116.9M | 109.45M | 105.05M | 103.81M | 104.17M | 103.85M | 107.06M | 108.14M | 107.45M | 110.5M | 108.83M | 96.75M | 43.12M | 41.15M |
| Equity Growth % | 38.17% | 10.48% | 13.97% | 6.62% | 4.22% | 63.42% | 8.24% | 9.64% | 10.88% | 6.8% | 4.19% | 1.19% | -0.34% | 0.31% | -3% | -0.99% | 0.64% | -2.76% | 1.54% | 12.48% | 124.38% | 4.8% | - |
| Equity / Assets (Capital Ratio) | 17.14% | 17.04% | 15.84% | 15.83% | 18.39% | 20.52% | 15.89% | 14.88% | 14.87% | 14.33% | 14.9% | 17.7% | 20.14% | 22.73% | 23.38% | 21.88% | 23.21% | 20.38% | 26.05% | 31.65% | 33.55% | 18.06% | 17.34% |
| Return on Equity (ROE) | 12% | 13.26% | 15.75% | 17.1% | 9.68% | 5.88% | 8.33% | 9.53% | 10.57% | 7.11% | 4.69% | 2.24% | 1.63% | 1.09% | -2.38% | 2.19% | 1.73% | -2.4% | 1.92% | 11.81% | 2.23% | 4.72% | 3.8% |
| Book Value per Share | 26.78 | 25.75 | 23.83 | 20.04 | 16.66 | 15.86 | 9.52 | 11.82 | 10.80 | 9.76 | 9.14 | 8.78 | 8.57 | 8.46 | 8.45 | 8.59 | 8.51 | 8.40 | 8.65 | 8.54 | 7.60 | 3.39 | 3.24 |
| Tangible BV per Share | 26.78 | 25.75 | 23.83 | 20.04 | 16.65 | 15.81 | 9.48 | 11.75 | 10.74 | 9.68 | 9.06 | 8.69 | 8.49 | 8.37 | 8.33 | 8.45 | 8.36 | 8.25 | 8.50 | 8.38 | 7.60 | 3.39 | 3.24 |
| Common Stock | 138K | 140K | 140K | 142K | 161K | 164K | 132K | 132K | 132K | 132K | 132K | 132K | 132K | 132K | 132K | 132K | 132K | 132K | 132K | 132K | 132K | 0 | 0 |
| Additional Paid-in Capital | 108.38M | 111.58M | 110.09M | 109.92M | 136.43M | 145.34M | 56.9M | 56.9M | 56.86M | 56.83M | 56.86M | 56.94M | 57.01M | 57.08M | 57.18M | 57.29M | 57.39M | 57.5M | 57.56M | 57.55M | 57.51M | 0 | 0 |
| Retained Earnings | 258.75M | 244.97M | 213.97M | 175.5M | 132.67M | 114.32M | 105.31M | 93.77M | 81.79M | 69.28M | 61.79M | 57.33M | 55.55M | 54.43M | 53.89M | 57.08M | 55.34M | 54.12M | 57.4M | 55.96M | 44.15M | 43.09M | 41.1M |
| Accumulated OCI | 258K | 233K | 224K | 317K | 156K | -139K | -185K | -101K | -322K | -240K | -183K | -4K | -27K | -73K | -272K | -94K | -167K | -154K | -182K | -4.81M | -5.04M | 31K | 47K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | -7.03M | -7.03M | -7.03M | -7.03M | -6.82M | -6.76M | -6M | -4.29M | -3.71M | -3.71M | -664K | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Quick answers to the most common questions about buying NECB stock.
As of 2025, Northeast Community Bancorp, Inc. (NECB) had total assets of $2.06B including $93.4M in current assets.
Northeast Community Bancorp, Inc. (NECB) carries total debt of $75.2M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Northeast Community Bancorp, Inc. (NECB) has total shareholders' equity (book value) of $351.7M ($25.75 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Northeast Community Bancorp, Inc. (NECB) reported a current ratio of 0.06x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.
Key Metrics
Top Statement Risk
Regional real estate concentration
Metrics are mathematically derived from official filings.
Asset Base Stagnation and Contraction
According to the latest quarterly balance sheet data, NECB's total assets have fluctuated within a narrow $1.8 billion to $2.1 billion range, with the most recent figures showing a contraction to $2.0 billion, suggesting that the bank is currently struggling to achieve meaningful organic balance sheet expansion.
The lack of sustained asset growth appears to reflect a cautious approach to new loan originations in the competitive Northeast corridor. Investors should monitor whether this stagnation is a deliberate defensive posture against regional economic headwinds or an inability to capture market share in its core multifamily lending niche.
Conservative Capitalization Supports Stability
Based on reported financial statements, NECB maintains a consistent equity-to-assets ratio hovering near 17% to 18%, which indicates a robust capital buffer that provides significant protection against potential volatility in the bank's concentrated real estate loan portfolio.
This high capital ratio suggests that management prioritizes balance sheet preservation over aggressive leverage-driven growth. Such a conservative stance may limit near-term ROE expansion but provides a necessary cushion given the inherent risks associated with the bank's specialized construction and multifamily lending activities.
Securities Portfolio Dominates Asset Mix
As indicated by the quarterly balance sheet, investment securities account for nearly the entirety of the bank's $2.0 billion asset base, with cash and bank balances representing a relatively small and volatile portion of total liquidity, ranging from $10.5 million to $114.0 million over the last ten quarters.
The heavy reliance on investment securities rather than a diversified loan book warrants further investigation into the duration and credit quality of these holdings. This composition suggests that the bank's liquidity profile is highly sensitive to interest rate movements and the market valuation of its fixed-income portfolio.
Hidden Risks in Asset Composition
While the bank's equity-to-assets ratio appears strong, the concentration of nearly $1.9 billion in investment securities relative to a total asset base of $2.0 billion suggests a potential duration mismatch that may not be fully captured by standard regulatory capital metrics.
Investors should consider that the bank's primary risk may not be credit-related, but rather the interest rate sensitivity of its massive securities portfolio. If market rates remain elevated, the unrealized losses on these securities could potentially impair the bank's tangible book value, despite the seemingly healthy headline capital ratios.