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Red Flags Detected

  • Non-performing Assets Increased From Zero to $17.4 Million (worsened) — Three loans in foreclosure secured by a Bronx multi-family building represent a new credit risk concentration.
  • Loan Modifications For Borrower Experiencing Financial Difficulty (unchanged) — Interest rate concessions on $17.4 million of loans indicate borrower stress and potential future losses.

Partial Analysis Warning

One or more filing sections could not be analyzed because the AI response was not valid JSON. The rest of the report was generated normally, but this report may omit material changes from:

  • Notes: Section analysis failed; admin notified.
NASDAQ: NECB NorthEast Community Bancorp, Inc./MD/ 10-Q

NECB net income falls 10.1% to $10.7M as credit costs rise and non-performing loans emerge

Filed November 6, 2026 · Period ending September 30, 2026 · Compared to 10-Q Nov 7, 2025 · ~1 min read

Key Changes

  • high

    Non-performing assets jumped to $17.4 million at September 30, 2026 from zero at year-end, driven by three loans in foreclosure secured by a Bronx multi-family building.

    MD&A: Non-performing assets verify on EDGAR →
  • high

    The company modified three loans totaling $17.4 million for a borrower in financial difficulty, cutting the weighted average interest rate from 8.75% to 5.75%.

    MD&A: Loan modifications verify on EDGAR →
  • medium

    Borrowings were eliminated, with $190 million paid off during the quarter, as management shifts away from short-term funding to reduce interest rate risk.

    MD&A: Borrowings and liquidity verify on EDGAR →

1 more material change behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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View original filing on SEC.gov View full financials on EDGAR ↗

Figures/quotes linked to EDGAR · Narrative written by AI · Nov 9, 2026 · How we verify