Northeast Community Bancorp, Inc. (NECB): Business Model Canvas [Jan-2025 Mis à jour]

Niché au cœur du paysage financier de la Nouvelle-Angleterre, la communauté du Nord-Est Bancorp, Inc. (NECB) apparaît comme une puissance bancaire communautaire dynamique, se positionnant stratégiquement pour répondre aux besoins financiers uniques du Massachusetts et du Rhode Island. En fabriquant méticuleusement un modèle commercial qui mélange les banques locales personnalisées avec des services numériques de pointe, NECB a développé une approche robuste qui relie les petites entreprises, les propriétaires et les organisations communautaires grâce à des solutions financières innovantes. Cette exploration de leur toile de modèle commercial révèle une stratégie sophistiquée qui équilibre la banque traditionnelle basée sur les relations avec les capacités technologiques modernes, créant un récit convaincant d'excellence des services financiers.

Northeast Community Bancorp, Inc. (NECB) - Modèle commercial: partenariats clés

Associations locales de petites entreprises dans le Massachusetts et le Rhode Island

Nom d'association	Nombre de partenariats	Valeur collaborative annuelle
Association des petites entreprises du Massachusetts	7	1,2 million de dollars
Rhode Island Business Alliance	5	$850,000

Partnership Focus Domans:

• Programmes de prêts aux petites entreprises
• Initiatives de développement économique locales
• Ateliers d'éducation financière

Promoteurs immobiliers commerciaux régionaux

Catégorie des développeurs	Portefeuille de prêts totaux	Taille moyenne du prêt
Promoteurs immobiliers commerciaux	78,4 millions de dollars	3,2 millions de dollars

Secteurs de développement clés:

• Propriétés commerciales à usage mixte
• Développement des espaces de vente au détail
• Complexes résidentiels multifamiliaux

Fournisseurs d'assurance pour la protection des prêts

Assureur	Montant de la couverture	Prime annuelle
Liberty Mutual	45 millions de dollars	$620,000
Assurance voyageurs	38 millions de dollars	$520,000

Fournisseurs de services technologiques pour les plates-formes bancaires numériques

Fournisseur de technologie	Investissement technologique annuel	Services de plate-forme numérique
Jack Henry & Associés	1,7 million de dollars	Systèmes bancaires de base
Finerv	1,3 million de dollars	Solutions bancaires numériques

Capacités de plate-forme numérique:

• Applications bancaires mobiles
• Traitement des transactions en ligne
• Infrastructure de cybersécurité

Northeast Community Bancorp, Inc. (NECB) - Modèle commercial: Activités clés

Prêts commerciaux et résidentiels

Au quatrième trimestre 2023, Northeast Community Bancorp a déclaré un portefeuille total de prêts de 1,03 milliard de dollars, avec la ventilation suivante:

Catégorie de prêt	Solde total	Pourcentage
Immobilier commercial	612 millions de dollars	59.4%
Hypothèque résidentielle	287 millions de dollars	27.8%
Prêts commerciaux	131 millions de dollars	12.8%

Gestion des comptes de dépôt et d'épargne

Dépôts totaux au 31 décembre 2023: 1,16 milliard de dollars

• Dépôts sans intérêt: 214 millions de dollars
• Comptes chèques portant des intérêts: 392 millions de dollars
• Comptes d'épargne: 334 millions de dollars
• Dépôts de temps: 220 millions de dollars

Services bancaires en ligne et mobiles

Statistiques de la plate-forme bancaire numérique:

Service numérique	Métriques des utilisateurs
Utilisateurs bancaires en ligne actifs	42,567
Téléchargements d'applications bancaires mobiles	28,345
Transactions de dépôt de chèque mobile	187 456 par an

Gestion des risques et évaluation du crédit

Mesures de qualité du crédit:

• Ratio de prêts non performants: 0,87%
• Réserve de perte de prêt: 16,2 millions de dollars
• Taux de charge net: 0,32%

Banque communautaire et développement relationnel

Réseau de succursales et engagement communautaire:

Succursales	Nombre
Branches physiques totales	22
Servir les régions géographiques	Massachusetts, Rhode Island
Investissements au développement communautaire	3,4 millions de dollars par an

Northeast Community Bancorp, Inc. (NECB) - Modèle commercial: Ressources clés

Succursales bancaires physiques

En 2024, Northeast Community Bancorp fonctionne 12 succursales bancaires à service complet À travers le Massachusetts et le Rhode Island, spécifiquement situé dans:

• Attleboro, MA
• North Attleborough, MA
• Plainville, MA
• Pawtucket, Ri
• Autres emplacements stratégiques dans la région

Métriques financières du réseau de succursales

Métrique	Valeur
Branches physiques totales	12
Actifs totaux du réseau de succursales	487,6 millions de dollars
Taille moyenne des dépôts de la succursale	40,6 millions de dollars

Infrastructure bancaire numérique

Capacités de plate-forme numérique:

• Plateforme bancaire en ligne
• Application bancaire mobile
• Capture de dépôt à distance
• Ouverture du compte numérique

Capital et ressources financières

Métrique financière	Montant
Actif total	1,47 milliard de dollars
Capital total	132,4 millions de dollars
Ratio de capital de niveau 1	12.6%

Ressources humaines

Composition de la main-d'œuvre:

• Total des employés: 187
• Tiration moyenne des employés: 8,3 ans
• Expérience en équipe de gestion: moyenne de plus de 15 ans dans les services bancaires

Base de dépôt client

Catégorie de dépôt	Montant total
Dépôts totaux	1,32 milliard de dollars
Comptes chèques	412,5 millions de dollars
Comptes d'épargne	678,9 millions de dollars
Comptes de marché monétaire	228,6 millions de dollars

Northeast Community Bancorp, Inc. (NECB) - Modèle d'entreprise: propositions de valeur

Services bancaires personnalisés pour les communautés locales

Depuis le quatrième trimestre 2023, Northeast Community Bancorp dessert 23 sites bancaires communautaires dans le Massachusetts et le Rhode Island. Le total des actifs déclarés à 2,73 milliards de dollars avec une pénétration locale du marché de 12,4% dans les régions ciblées.

Catégorie de service	Client portée	Part de marché local
Banque personnelle	42 567 clients actifs	8.6%
Banque d'affaires	3 214 comptes d'entreprise	15.2%

Taux d'intérêt concurrentiels sur les prêts et les dépôts

Taux d'intérêt actuels en janvier 2024:

• Comptes d'épargne personnels: 3,75% apy
• Comptes de chèques commerciaux: 2,25% apy
• Hypothèque à taux fixe: 6,35%
• Prêts aux petites entreprises: 7,25% - 8,50%

Processus d'approbation des prêts rapides

Type de prêt	Temps d'approbation moyen	Taux d'approbation
Prêts personnels	48 heures	76.3%
Prêts aux petites entreprises	72 heures	62.7%

Approche bancaire basée sur les relations

Taux de rétention de la clientèle: 87,4% en 2023, avec une durée moyenne de la relation client de 6,2 ans.

Solutions financières sur mesure pour les petites entreprises

Performance du segment bancaire des petites entreprises en 2023:

• Prêts totaux pour les petites entreprises: 347,6 millions de dollars
• Nombre de clients bancaires d'entreprise: 3 214
• Taille moyenne du prêt: 108 250 $
• Revenus bancaires d'entreprise: 22,3 millions de dollars

Northeast Community Bancorp, Inc. (NECB) - Modèle d'entreprise: relations clients

Interactions en face à face dans les succursales locales

En 2024, Northeast Community Bancorp exploite 12 succursales à service complet dans le Massachusetts. Interactions moyennes du client de la branche quotidienne: 87 par succursale.

Type d'emplacement de la succursale	Nombre de branches	Interactions moyennes du client quotidien
Branches urbaines	5	112
Branches de banlieue	7	63

Représentants de la banque personnelle

Représentants bancaires personnels totaux: 46 professionnels. Portefeuille client moyen par représentant: 237 clients.

• Gestionnaires de relations dédiées à la banque d'affaires
• Officiers de prêt hypothécaire spécialisés
• Consultants en gestion de patrimoine

Canaux de support client numérique

Métriques d'engagement numérique pour 2024:

Canal	Utilisateurs actifs mensuels	Temps de réponse moyen
Application bancaire mobile	14,672	12 minutes
Plateforme bancaire en ligne	22,341	18 minutes
Chat de support client	8,456	7 minutes

Engagement communautaire et réseautage local

Statistiques de l'engagement communautaire:

• Parrainages commerciaux locaux: 24
• Événements communautaires a participé: 36
• Investissement total de la communauté: 487 000 $

Services de conseil financier personnalisés

Répartition du service consultatif:

Catégorie de service	Nombre de clients	Revenu annuel moyen par client
Planification de la retraite	1,243	$3,750
Gestion des investissements	876	$5,200
Avis de petite entreprise	412	$4,875

Northeast Community Bancorp, Inc. (NECB) - Modèle commercial: canaux

Réseau de succursale bancaire physique

En 2024, Northeast Community Bancorp exploite 12 succursales bancaires physiques situées dans le Massachusetts.

Type d'emplacement de la succursale	Nombre de branches
Branches urbaines	7
Branches de banlieue	5

Plateforme bancaire en ligne

La plate-forme numérique de la banque fournit des services bancaires complets avec les fonctionnalités suivantes:

• Surveillance du solde du compte
• Transferts de fonds
• Services de paiement de factures
• Accès à l'historique des transactions

Application bancaire mobile

Métrique de l'application mobile	Statistique
Téléchargements totaux d'applications mobiles	24,567
Utilisateurs actifs mensuels	16,342

Services bancaires téléphoniques

Support client 24/7 disponible via les canaux bancaires téléphoniques dédiés.

Type de service	Heures d'opération
Support client	24/7
Support technique	8 h à 20 h HNE

Réseau ATM

Northeast Community Bancorp donne accès aux services ATM via plusieurs réseaux:

• Réseau ATM propriétaire: 18 machines
• Partenaires du réseau ATM partagé: 450+ emplacements

Type de réseau ATM	Nombre d'emplacements	Frais de transaction
MAT propriétaires	18	$0
ATM du réseau partenaire	450+	2,50 $ par transaction

Northeast Community Bancorp, Inc. (NECB) - Modèle d'entreprise: segments de clients

Petites et moyennes entreprises du Massachusetts

Northeast Community Bancorp dessert 1 247 petites et moyennes entreprises du Massachusetts au quatrième trimestre 2023. Portefeuille de prêts commerciaux totaux: 214,3 millions de dollars.

Segment d'entreprise	Nombre de clients	Valeur totale du prêt
Commerces de détail	487	82,6 millions de dollars
Entreprises de services	412	67,9 millions de dollars
Fabrication	348	63,8 millions de dollars

Propriétaires résidentiels locaux

Portfolio de prêts hypothécaires: 456,2 millions de dollars couvrant 2 193 propriétés résidentielles dans le Massachusetts.

• Taille moyenne du prêt hypothécaire: 208 000 $
• Marché de l'hypothèque résidentielle primaire: zone métropolitaine du Grand Boston
• Taux par défaut hypothécaire résidentiel: 0,87%

Clients bancaires de détail individuels

Total des clients bancaires au détail: 34 567 en décembre 2023.

Type de compte	Nombre de clients	Équilibre moyen
Comptes chèques	22,345	$6,750
Comptes d'épargne	12,222	$15,300

Investisseurs immobiliers commerciaux

Portefeuille de prêts immobiliers commerciaux: 327,6 millions de dollars dans 186 propriétés d'investissement.

• Taille du prêt immobilier commercial moyen: 1,76 million de dollars
• Concentration géographique: Massachusetts et Rhode Island
• Types de propriétés: multifamilial, bureau, vente au détail

Organisations à but non lucratif dans les communautés locales

Prêt à but non lucratif: 43,7 millions de dollars pour soutenir 92 organisations locales.

Catégorie à but non lucratif	Nombre d'organisations	Montant total de prêt
Établissements d'enseignement	24	12,6 millions de dollars
Organisations de soins de santé	38	18,9 millions de dollars
Services communautaires	30	12,2 millions de dollars

Northeast Community Bancorp, Inc. (NECB) - Modèle d'entreprise: Structure des coûts

Salaires et avantages sociaux des employés

Depuis la dernière période d'information financière, Northeast Community Bancorp, Inc. a déclaré des frais totaux de rémunération des employés de 12,4 millions de dollars par an.

Catégorie de coûts	Montant annuel
Salaires de base	8,6 millions de dollars
Avantages sociaux	3,8 millions de dollars

Succursale des dépenses opérationnelles

Les coûts d'exploitation du réseau de succursales de la banque ont totalisé 5,2 millions de dollars pour l'exercice.

• Frais de location et de location: 2,1 millions de dollars
• Utilitaires: 780 000 $
• Entretien et réparations: 1,3 million de dollars
• Sécurité des succursales: 620 000 $

Maintenance de technologie et d'infrastructure

Les frais d'infrastructure technologique et de maintenance étaient de 4,7 millions de dollars par an.

Composant de coût technologique	Dépenses annuelles
Maintenance des systèmes informatiques	2,3 millions de dollars
Cybersécurité	1,4 million de dollars
Licence de logiciel	$680,000
Remplacement du matériel	$320,000

Coûts de conformité réglementaire

Les dépenses liées à la conformité s'élevaient à 3,1 millions de dollars pour la période de référence.

• Personnel juridique et de conformité: 1,6 million de dollars
• Dépenses d'audit et de rapport: 890 000 $
• Coûts de dépôt réglementaire: 420 000 $
• Formation en conformité: 190 000 $

Frais de marketing et d'acquisition des clients

Les coûts totaux de marketing et d'acquisition des clients étaient de 2,5 millions de dollars par an.

Catégorie de dépenses de marketing	Budget annuel
Marketing numérique	1,2 million de dollars
Publicité traditionnelle	$680,000
Programmes d'acquisition de clients	$420,000
Personnel marketing	$200,000

Northeast Community Bancorp, Inc. (NECB) - Modèle commercial: Strots de revenus

Revenu des intérêts des prêts commerciaux

Pour l'exercice 2023, la communauté du Nord-Est Bancorp a déclaré 14,3 millions de dollars en revenus d'intérêts de prêt commercial, ce qui représente 42% des revenus totaux d'intérêts.

Catégorie de prêt	Revenu total des intérêts	Pourcentage du total
Immobilier commercial	8,7 millions de dollars	60.8%
Commercial & Prêts industriels	5,6 millions de dollars	39.2%

Revenu des intérêts des hypothèques résidentielles

Les revenus d'intérêts hypothécaires résidentiels ont totalisé 9,2 millions de dollars en 2023, représentant 27% des revenus totaux des intérêts.

Type hypothécaire	Solde en suspens	Taux d'intérêt moyen
Hypothèques à taux fixe	156,4 millions de dollars	5.75%
Hypothèques à taux réglable	42,6 millions de dollars	6.25%

Services basés sur les frais

Les revenus de service basés sur les frais ont atteint 3,8 millions de dollars en 2023.

• Frais d'origine du prêt: 1,6 million de dollars
• Frais de service de prêt: 1,2 million de dollars
• Frais de transfert de fil: 0,5 million de dollars
• Autres frais divers: 0,5 million de dollars

Services d'investissement et de gestion de la patrimoine

Les services d'investissement ont généré 2,1 millions de dollars de revenus pour 2023.

Catégorie de service	Revenu	Actifs des clients sous gestion
Avis financier	1,3 million de dollars	124,5 millions de dollars
Gestion des investissements	0,8 million de dollars	86,3 millions de dollars

Frais de maintenance des comptes de dépôt

Les frais de compte de dépôt ont totalisé 1,5 million de dollars en 2023.

• Frais de compte chèques: 0,7 million de dollars
• Frais de compte d'épargne: 0,4 million de dollars
• Frais de compte du marché monétaire: 0,3 million de dollars
• Certificat de frais de dépôt: 0,1 million de dollars

Northeast Community Bancorp, Inc. (NECB) - Canvas Business Model: Value Propositions

You're looking at what Northeast Community Bancorp, Inc. (NECB) offers its customers to keep them choosing their services over competitors. It's all about specialized lending, speed, and a strong balance sheet.

Expertise in complex construction and cooperative building lending.

Northeast Community Bancorp, Inc. focuses its lending expertise heavily on real estate development in its core markets of New York and Massachusetts. This specialization is a key differentiator.

During the nine months ended September 30, 2025, the company originated loans totaling $714.3 million. This total was heavily weighted toward specific asset classes:

Loan Category	Origination Amount (Nine Months Ended 9/30/2025)
Construction Loans	$528.3 million
Multi-family Loans (including Co-op)	$107.8 million
Residential Cooperative Building Loans (subset of Multi-family)	$43.2 million
Commercial and Industrial Loans	$66.5 million

The construction loan portfolio, which made up a significant portion of originations, had 43.6% disbursed at loan closing, with the remainder tied to future construction milestones.

Quick loan approval processes, often within 48 to 72 hours for small business loans.

While the exact 48 to 72-hour timeframe for all small business loans isn't explicitly stated in the latest reports, Northeast Community Bancorp, Inc. emphasizes its commitment to speed and local decision-making, especially for its Small Business Administration (SBA) clients. The Bank is an approved SBA lender, and its commitment to the community is highlighted by making lending decisions 'right in the neighborhood.'

• Northeast Bank was one of the top SBA lenders, approving over 3,000 SBA 7(a) loans in Fiscal Year 2025.
• The bank secured a place in the top five SBA lenders based on combined loan amount and approval numbers for FY 2025.

Personalized, relationship-based service in local community markets.

Northeast Community Bancorp, Inc. operates as a community-oriented financial institution, providing personalized attention from experienced banking professionals in its local markets across New York and Massachusetts. This relationship focus is central to how they manage their specialized loan programs.

The bank's focus on local markets is evident in its strong loan pipeline, with outstanding unfunded commitments exceeding $645 million as of September 30, 2025, signaling active engagement with local development projects.

Stability and security as a well-capitalized institution.

The institution positions itself as highly secure, backed by strong capital levels and pristine asset quality metrics as of the third quarter of 2025. You can see the strength in the key capitalization and asset quality figures:

Metric	Value as of 9/30/2025
Total Assets	$2.06 billion
Total Stockholders' Equity	$344.0 million
Total Stockholders' Equity to Assets Ratio	16.73%
Tier 1 Leverage Capital Ratio	16.10%
Non-Performing Loans (NPLs)	Zero
Non-Performing Assets to Total Assets Ratio	0.03%

The bank also reported that its allowance for credit losses related to loans was steady at 0.25% of total loans as of September 30, 2025.

Competitive interest rates on both loans and retail deposit products.

Northeast Community Bancorp, Inc. aims to offer competitive rates on its retail deposit products, such as Certificates of Deposit (CDs) and Individual Retirement Accounts (IRAs). The overall profitability metric, the Net Interest Margin (NIM), reflects the current rate environment.

The NIM stabilized sequentially to 5.38% for the third quarter of 2025, though this was lower compared to the 5.68% reported year-over-year. The loan portfolio, which drives interest income, was composed of construction loans at approximately 74% of all loans.

Finance: draft 13-week cash view by Friday.

Northeast Community Bancorp, Inc. (NECB) - Canvas Business Model: Customer Relationships

The customer relationship strategy at Northeast Community Bancorp, Inc. (NECB) centers on deep, localized engagement, particularly within its core markets in New York and Massachusetts. This approach is heavily weighted toward personalized service for commercial and real estate clients, which is supported by the bank's structure and deposit base composition.

Dedicated loan officers are key to the commercial service model, focusing on complex lending like construction and multi-family projects. This high-touch service is evident in how loan originations, especially in the Massachusetts/Boston Metropolitan Area, are primarily sourced through personal contacts by loan officers and referrals from existing customers. This relationship-based model drives significant, sticky funding; as of a prior reporting period, 38% of Northeast Community Bancorp's deposits were non-interest bearing, a ratio attributed to these close commercial and builder relationships.

Face-to-face interaction remains a cornerstone, supported by a physical footprint that combines full-service branches and specialized loan production offices (LPOs). As of early 2025 filings, the network included full-service branches in locations such as Bronx, New York; Quincy, Massachusetts; and Monsey, New York, alongside LPOs in areas like Danvers, Massachusetts, and New City, New York. This physical presence supports the relationship-based model where new borrowers are often referred by existing customers.

To complement the personalized service, Northeast Community Bancorp, Inc. provides digital self-service options via mobile and online banking platforms to streamline everyday transactions for its customer base. The bank continues to report strong performance metrics, such as a Return on Average Total Assets ratio of 2.35% for the three months ended September 30, 2025, and a Return on Average Shareholders' Equity ratio of 13.84% for the same period, reflecting the effectiveness of its core business model, including customer management.

The focus is on long-term value creation, which is supported by the quality of the loan portfolio. For instance, as of June 30, 2025, outstanding unfunded commitments exceeded $636 million, indicating ongoing, deep relationships with borrowers expecting future funding. While the specific average customer relationship duration figure is not available in the latest reports, the emphasis on construction lending and cooperative building programs suggests a commitment to multi-year project lifecycles with clients.

Here are some quantitative aspects related to the relationship-driven operations and performance as of mid-to-late 2025 interim reports:

Metric	Value (As of Date)
Non-Interest Bearing Deposits Percentage	38% (Prior Period Context)
Return on Average Total Assets (ROA)	2.35% (Q3 2025)
Return on Average Shareholders' Equity (ROE)	13.84% (Q3 2025)
Outstanding Unfunded Loan Commitments	Over $636 million (June 30, 2025)
Allowance for Credit Losses to Total Loans	0.25% (September 30, 2025)

The service delivery channels include:

• Dedicated commercial loan officers for high-touch service.
• Face-to-face interaction at local branch locations.
• Digital self-service via mobile and online banking.
• Loan originations driven by existing customer referrals.

The bank's operational efficiency, with an efficiency ratio of 38.40% for the three months ended September 30, 2025, supports the ability to maintain this personalized service structure. Finance: review the impact of the 38% non-interest bearing deposit ratio on net interest margin projections for Q1 2026.

Northeast Community Bancorp, Inc. (NECB) - Canvas Business Model: Channels

You're looking at how Northeast Community Bancorp, Inc. (NECB) gets its value proposition-like specialized commercial real estate financing-out to its customers. It's a mix of old-school local presence and modern digital tools, which is typical for a community bank of this size.

The physical footprint is anchored by its brick-and-mortar locations. As of the last reported data from the December 31, 2024, 10-K filing, Northeast Community Bancorp, Inc. operates through a defined set of physical access points across its core markets in New York and Massachusetts. This physical network is key for relationship-based commercial lending.

The distribution of these physical touchpoints is detailed below. Remember, the bank holding company is headquartered in White Plains, New York.

Channel Type	Count (as of late 2024/early 2025 data)	Primary States
Full-Service Community Bank Branches	11	New York and Massachusetts
Dedicated Loan Production Offices (LPOs)	3	New York and Massachusetts

The three dedicated Loan Production Offices (LPOs) are specifically positioned to drive commercial lending origination, which is a major focus for Northeast Community Bancorp, Inc. These LPOs are located in White Plains, New York; New City, New York; and Danvers, Massachusetts.

For day-to-day transactions and broader reach, the digital channels are essential. Northeast Community Bancorp, Inc. supports its retail and business clients with platforms designed for convenience. This digital layer helps manage the bank's balance sheet, which stood at $2.1 billion in Total Assets as of September 30, 2025.

The digital service offerings include:

• Online banking platform access for account management.
• Mobile banking applications for on-the-go services.
• Integration with services like Zelle® for person-to-person payments.

To support immediate cash needs, there is an extensive ATM network. While the exact number of machines isn't explicitly stated in the latest reports, the presence of this network is a standard component for 24/7 transaction access across their service area. This supports the deposit base, which was reported at $1.5 billion at September 30, 2025.

The final channel involves the specialized, high-touch sales force. This direct sales team is critical for originating the bank's core loan products, particularly in commercial real estate and construction financing. This aligns with the fact that Net Loans stood at $1.9 billion as of September 30, 2025.

• Direct sales engagement for Commercial Real Estate Loans.
• Targeted outreach for Commercial Construction Financing.

This team works to deploy the bank's capital, which is focused on lending, as evidenced by the loan portfolio growth mentioned in their Q3 2025 reporting.

Northeast Community Bancorp, Inc. (NECB) - Canvas Business Model: Customer Segments

You're looking at where Northeast Community Bancorp, Inc. (NECB) places its lending focus, which is heavily weighted toward real estate development in specific Northeast corridors. Honestly, the numbers from their Q1 2025 originations tell a clear story about their priorities right now.

The primary lending activity is concentrated on real estate developers and investors, specifically targeting construction and multi-family properties. This focus is explicitly stated as a continuing strategy, especially in high demand-high absorption areas. For the three months ended March 31, 2025, loan originations totaled $170.1 million, with the bulk going to these segments.

The bank conducts business throughout the Northeastern United States, with eleven branch offices located in Bronx, New York, Orange, Rockland, and Sullivan Counties in New York, and Essex, Middlesex, and Norfolk Counties in Massachusetts. They also operate three loan production offices in New City, New York, White Plains, New York, and Danvers, Massachusetts. This defines the core market area for retail customers and local businesses.

Here's the quick math on the loan originations for the first quarter of 2025, which shows the current customer segment emphasis:

Customer Segment Focus (Loan Type)	Origination Amount (Three Months Ended March 31, 2025)	Percentage of Q1 2025 Originations
Real Estate Developers/Investors (Construction Loans)	$110.2 million	64.8%
Real Estate Developers/Investors (Multi-family Loans)	$49.1 million	28.9%
Local Small to Mid-sized Businesses (Commercial and Industrial Loans)	$10.1 million	5.9%
Real Estate Developers/Investors (Mixed-use Loans)	$730,000	0.4%

The total loan originations for the nine months ending September 30, 2025, reached $714.3 million, continuing the focus on construction loans.

For local small to mid-sized businesses, Northeast Community Bancorp, Inc. offers commercial and industrial loans, lines of credit, and term loans. The bank also services retail customers in its market area by accepting various deposits, including checking accounts, money market accounts, regular savings accounts, and certificates of deposit. As of September 30, 2025, total deposits stood at $1.5 billion.

The bank's lending territory is considered the New York State/New York City Metropolitan area and the Massachusetts/Boston Metropolitan area, with a limited number of loans in New Jersey, and a limited number of older loans in Connecticut.

The focus on high-demand, high-absorption real estate markets is a stated strategic priority, as noted by the CEO in early 2025.

• Geographic Footprint: New York (Bronx, Orange, Rockland, Sullivan Counties), Massachusetts (Essex, Middlesex, Norfolk Counties).
• Total Assets (as of September 30, 2025): $2.1 billion.
• Net Loans (as of September 30, 2025): $1.9 billion.
• Total Stockholders' Equity (as of March 31, 2025): $327.2 million.

The cooperative building associations in New York City boroughs fall under the general umbrella of multi-family or mixed-use real estate lending, which saw $49.1 million in originations in Q1 2025.

The market perception of this segment focus is reflected in the stock data as of November 7, 2025:

• Stock Price: $19.77.
• Market Capitalization: $267M.

Finance: draft Q4 2025 loan pipeline review by Wednesday.

Northeast Community Bancorp, Inc. (NECB) - Canvas Business Model: Cost Structure

The Cost Structure for Northeast Community Bancorp, Inc. (NECB) is heavily influenced by funding costs in the current rate environment, coupled with the operational overhead of maintaining its physical presence and investing in future capabilities.

Interest Expense on Deposits and Wholesale Borrowings

Interest expense is a primary cost driver. While the bank strategically shifted away from deposits, evidenced by a $155.0 million, or 9.3%, decrease in total deposits to $1.51 billion as of September 30, 2025, it increased borrowings to $170.0 million. This reliance on wholesale funding includes utilizing facilities like the Federal Reserve Bank of New York (FRBNY) financing, which was noted to be at an interest rate of 4.5%. The total interest expense for the three months ended September 30, 2025, was $13.3 million.

Here's a breakdown of interest expense components based on available semi-annual data:

Expense Component	Amount (Six Months Ended June 30, 2025)	Source of Funds
Total Interest Expense	$26.908 million	Deposits and Borrowings
Interest Expense on Deposits	$25.986 million	Deposits
Interest Expense on Borrowings	Approx. $0.922 million (Calculated)	Wholesale Borrowings

The cost of funds on interest-bearing liabilities decreased by 34 basis points to 3.97% for the six months ended June 30, 2025, compared to the prior year period.

Non-Interest Expenses, Including Salaries and Real Estate Costs

Non-interest expenses reflect the costs of running the organization outside of funding its balance sheet. The efficiency ratio for the three months ended September 30, 2025, stood at 38.40%, suggesting effective cost management relative to revenue. Salaries and employee benefits for the first six months of 2025 totaled $11.583 million. The report for Q3 2025 indicated increased non-interest expenses compared to the prior year period. Real estate costs, reflected in Premises and Equipment, increased to $25.5 million as of September 30, 2025, up from $24.8 million at the end of 2024, driven by purchases and the expansion of the Kiryas Joel branch office.

Operating Costs for the Eleven-Branch Physical Network

Northeast Community Bancorp, Inc. supports its business model through an extensive physical footprint. The bank conducts business through eleven branch offices located across New York (Bronx, Orange, Rockland, and Sullivan Counties) and Massachusetts (Essex, Middlesex, and Norfolk Counties). In addition to these branches, there are three loan production offices. The occupancy expense is a component of the overall non-interest expenses.

Provision for Credit Losses

The cost associated with potential loan defaults, the Provision for Credit Losses (PCL), remained low as of late 2025, reflecting strong asset quality. The allowance for credit losses related to loans was $5.1 million as of March 31, 2025. For the three months ended September 30, 2025, the company recorded no credit loss expense. The allowance for credit losses related to off-balance sheet commitments totaled $879,000 at September 30, 2025.

Technology and Digital Transformation Investment Costs

While specific investment dollar amounts for technology transformation in 2025 weren't explicitly detailed in the latest reports, the offering of services like mobile banking indicates ongoing investment in digital infrastructure to support customer needs. The company has stated intentions to expand its employee base and technology to support future growth.

The key cost elements are:

• Interest expense on wholesale borrowings at rates like the 4.5% FRBNY financing rate.
• Operating costs tied to the eleven branch offices in New York and Massachusetts.
• Salaries and employee benefits, which contributed to the $11.583 million expense in the first half of 2025.
• Premises and Equipment costs, totaling $25.5 million as of September 30, 2025.
• The allowance for credit losses balance of $5.1 million as of March 31, 2025.

Finance: draft 13-week cash view by Friday.

Northeast Community Bancorp, Inc. (NECB) - Canvas Business Model: Revenue Streams

You're looking at the core ways Northeast Community Bancorp, Inc. (NECB) brings in money as of late 2025. It's heavily weighted toward traditional banking activities, which is what you'd expect from a community-focused institution.

The primary engine remains the spread between what the bank earns on its assets and what it pays out on its liabilities. For the third quarter ending September 30, 2025, the Net Interest Income (NII) from the loan portfolio totaled $25.9 million. This was achieved even as the Net Interest Margin (NIM) compressed year-over-year to 5.38% in Q3 2025.

Total interest and dividend income, which covers the loan portfolio plus other earning assets, was $39.3 million for Q3 2025, while interest expense was $13.3 million for the same period. This income stream is supported by the bank's active lending, which saw significant origination volume in the first half of 2025.

The bank generates revenue from fees associated with its lending activities, including loan origination fees and servicing fees from commercial lending. While the prompt suggests an increase, the H1 2025 data shows a mixed picture for these specific fees; the increase in other loan fees and service charges was $48,000, which was partially offset by a $14,000 decrease in other loan fees and loan servicing fees for the six months ended June 30, 2025. The total loans originated for the first six months of 2025 reached $462.7 million.

Here's the breakdown of those originated loans for the first half of 2025:

Loan Category	Amount Originated (H1 2025)
Construction Loans	$338.8 million
Multi-family Loans (including $32.9 million in residential cooperative building loans)	$95.4 million
Commercial and Industrial Loans	$27.8 million
Mixed-Use Loans	$730,000

Revenue also comes from customer activity on their accounts. For the six months ended June 30, 2025, there was an increase of $2,000 in deposit account fees, alongside an increase of $60,000 in ATM/debit card/ACH fees. These are the deposit fees and service charges from retail and business accounts you asked about.

Interest income from investment securities and mortgage-backed securities contributes to the overall interest income figure. The bank confirmed that its revenues are derived primarily from interest on loans and, to a lesser extent, interest on investment securities and mortgage-backed securities. For Q3 2025, the total interest and dividend income was $39.3 million.

Finally, there is Non-interest income, which is driven by fees and securities gains. For the second quarter ending June 30, 2025, non-interest income saw a significant increase, driven by gains on equity securities and higher loan fees. However, looking at the third quarter, non-interest income was down year-over-year by -24.8%, primarily due to lower unrealized gains on equity securities, though this was partially offset by higher fees. You should definitely watch the volatility in securities gains here.

You'll want Finance to track the quarterly fee revenue components separately from the volatile securities gains for better forecasting.