29.20
+0.65%
Close of 9 Nov 2026, in USD
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About Northeast Community Bancorp
From its filings with the US Securities and Exchange Commission
Northeast Community Bancorp is based in White Plains, New York and is incorporated in Maryland. Its shares trade on Nasdaq under the ticker NECB. The SEC classifies its business as savings institutions, not federally chartered. In the fiscal year to 31 December 2025, it reported net income of $44.4m. At that date it held total assets of $2.06bn and shareholders' equity of $351.7m.
Northeast Community Bancorp, Inc. (the “Company”) is a Maryland corporation that was incorporated in May 2021 to be the successor to NorthEast Community Bancorp, Inc., a federally chartered corporation (the “Mid-Tier Holding Company”), upon completion of the second-step conversion of NorthEast Community Bank (the “Bank”) from the two-tier mutual holding company structure to the stock holding company structure. NorthEast Community Bancorp, MHC was the former mutual holding company for the Mid-Tier Holding Company prior to the completion of the second-step conversion. In conjunction with the second-step conversion, each of NorthEast Community Bancorp, MHC and the Mid-Tier Holding Company merged out of existence and now cease to exist. The second-step conversion was completed on July 12, 2021, at which time the Company sold, for gross proceeds of $97.8 million, a total of 9,784,077 shares of common stock at $10.00 per share. As part of the second-step conversion, each of the existing outstanding shares of Mid-Tier Holding Company common stock owned by persons other than NorthEast Community Bancorp, MHC was converted into 1.3400 shares of Company common stock. As a result of the second-step conversion, all share information has been subsequently revised to reflect the 1.3400 exchange ratio, unless otherwise noted.
Quoted from its 10-K, filed 13 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Thrifts & Mortgage Finance
- Listed since
- 6 Jul 2006
- Employees
- 139
- Website
- necommunitybank.com ↗
- Head office
- 325 HAMILTON AVENUE, WHITE PLAINS, NY, 10601
- Incorporated in
- MD
- Classification
- Savings Institutions, Not Federally Chartered
- Filer status
- <br>Emerging growth company
Leadership
Pay as last reported
- Mr. Kenneth MartinekChairman of the Board, Chief Executive Officer, since 2006$1.1m
- Mr. Jose CollazoPresident, Chief Operating Officer, Director, since 2012$897,724
- Mr. Donald HomChief Financial Officer, Executive Vice President$587,370
- Mr. Charles MartinekDirector
- Ms. Diane CavanaughIndependent Director$61,924
- Mr. Charles CirilloIndependent Director$75,425
- Mr. Eugene MagierIndependent Director$61,425
- Mr. John MckenzieIndependent Director$58,650
- Mr. Joel MorgenthauIndependent Director$11,700
- Ms. Linda SwanIndependent Director$87,419
- Dr. Kenneth ThomasIndependent Director$53,925
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Northeast Community Bank offers mobile banking and wealth management services.
- The Bank provides commercial real estate loans and construction financing.
- NorthEast Community Bank employs 94 full-time employees in White Plains.
Weaknesses
- The company has only 139 total employees.
- The Bank's IPO was in 2006, indicating limited growth since then.
- Northeast Community Bancorp Inc. is a small bank holding company.
Opportunities
- The Bank can expand its investment advisory services through Hayden Wealth Management Group.
- The Bank can grow its commercial loan portfolio in the White Plains market.
- The Bank can leverage mobile banking to attract younger customers.
Threats
- The Bank faces competition from larger financial institutions in the US market.
- The Bank's limited employee count may hinder expansion efforts.
- The Bank's reliance on traditional banking services could be challenged by fintech companies.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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