0001104659-24-082131.txt : 20240724 0001104659-24-082131.hdr.sgml : 20240724 20240724081755 ACCESSION NUMBER: 0001104659-24-082131 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240722 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240724 DATE AS OF CHANGE: 20240724 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NorthEast Community Bancorp, Inc./MD/ CENTRAL INDEX KEY: 0001847398 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED [6036] ORGANIZATION NAME: 02 Finance IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-40589 FILM NUMBER: 241136189 BUSINESS ADDRESS: STREET 1: 325 HAMILTON AVENUE CITY: WHITE PLAINS STATE: NY ZIP: 10601 BUSINESS PHONE: (914) 684-2500 MAIL ADDRESS: STREET 1: 325 HAMILTON AVENUE CITY: WHITE PLAINS STATE: NY ZIP: 10601 8-K 1 tm2420021d1_8k.htm FORM 8-K
false 0001847398 0001847398 2024-07-22 2024-07-22 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

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): July 22, 2024

 

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 2.02Results of Operations and Financial Condition.

 

On July 22, 2024, NorthEast Community Bancorp, Inc. (the “Company”) issued a press release announcing its financial results for the three and six months ended June 30, 2024. 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 9.01Financial Statements and Other Exhibits.
  
(d) Exhibits
  
 Number Description
    
 99.1 Press Release dated July 22, 2024
    
 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: July 23, 2024 By: /s/ Kenneth A. Martinek
    Kenneth A. Martinek
    Chairman and Chief Executive Officer

 

 

 

 EX-99.1 2 tm2420021d1_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

 

NECB Earnings Press Release for 06/30/2024:

 

NORTHEAST COMMUNITY BANCORP, INC. REPORTS RESULTS

FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2024

 

White Plains, New York, July 22, 2024 – NorthEast Community Bancorp, Inc. (Nasdaq: NECB) (the “Company”), the parent holding company of NorthEast Community Bank (the “Bank”), generated net income of $12.8 million, or $0.98 per basic share and $0.97 per diluted share, for the three months ended June 30, 2024 compared to net income of $11.1 million, or $0.75 per basic and diluted share, for the three months ended June 30, 2023. In addition, the Company generated net income of $24.2 million, or $1.84 per basic share and $1.83 per diluted share, for the six months ended June 30, 2024 compared to net income of $22.3 million, or $1.56 per basic and diluted share, for the six months ended June 30, 2023.

 

Kenneth A. Martinek, Chairman of the Board and Chief Executive Officer, stated “We are pleased to report another quarter of strong earnings due to the strong performance of our loan portfolio. Despite the high interest rate environment during 2023 that continued into 2024, loan demand remained strong with originations and outstanding commitments remaining robust. As has been in the past, construction lending in high demand-high absorption areas continues to be our focus.”

 

Highlights for the three months and six months ended June 30, 2024 are as follows:

 

·Performance metrics continue to be strong with a return on average assets ratio of 2.70%, a return on average equity ratio of 17.28%, and an efficiency ratio of 35.24% for the three months ended June 30, 2024. For the six months ended June 30, 2024, the Company reported a return on average assets ratio of 2.60%, a return on average equity ratio of 16.59%, and an efficiency ratio of 36.54%.

 

·Net interest income increased by $2.2 million and $4.4 million, or 9.2% and 9.3%, respectively, for the three months and six months ended June 30, 2024 compared to the same periods in 2023.

 

·Our commitments, loans-in-process, and standby letters of credit outstanding totaled $700.9 million at June 30, 2024 compared to $719.6 million at December 31, 2023.

 

Balance Sheet Summary

 

Total assets increased $166.1 million, or 9.4%, to $1.9 billion at June 30, 2024, from $1.8 billion at December 31, 2023. The increase in assets was primarily due to an increase in net loans of $121.5 million and an increase in cash and cash equivalents of $45.2 million.

 

Cash and cash equivalents increased $45.2 million, or 65.8%, to $113.9 million at June 30, 2024 from $68.7 million at December 31, 2023. The increase in cash and cash equivalents was a result of an increase in deposits of $163.8 million, partially offset by a decrease in borrowings of $17.0 million, an increase of $121.5 million in net loans, and stock repurchases of $2.4 million.

 

Equity securities decreased $102,000, or 0.6%, to $18.0 million at June 30, 2024 from $18.1 million at December 31, 2023. The decrease in equity securities was attributable to market depreciation of $102,000 due to market interest rate volatility during the six months ended June 30, 2024.

 

Securities held-to-maturity decreased $468,000, or 3.0%, to $15.4 million at June 30, 2024 from $15.9 million at December 31, 2023 due to $479,000 in maturities and pay-downs of various investment securities, partially offset by a decrease of $10,000 in the allowance for credit losses for held-to-maturity securities.

 

Loans, net of the allowance for credit losses, increased $121.5 million, or 7.7%, to $1.7 billion at June 30, 2024 from $1.6 billion at December 31, 2023. The increase in loans, net of the allowance for credit losses, was primarily due to loan originations of $364.7 million during the six months ended June 30, 2024, consisting primarily of $323.8 million in construction loans with respect to which approximately 34.0% of the funds were disbursed at loan closings, with the remaining funds to be disbursed over the terms of the construction loans. In addition, during the six months ended June 30, 2024, we originated $21.8 million in commercial and industrial loans, $14.0 million in non-residential loans, and $5.1 million in multi-family loans.

 

 

 

 

Loan originations during the six months ended June 30, 2024 resulted in a net increase of $110.5 million in construction loans, $9.4 million in non-residential loans, $2.4 million in commercial and industrial loans, $938,000 in multi-family loans, and $440,000 in consumer loans. The increase in our loan portfolio was partially offset by decreases of $1.3 million in mixed-use loans and $652,000 in residential loans, coupled with normal pay-downs and principal reductions.

 

The allowance for credit losses related to loans decreased to $4.9 million as of June 30, 2024 from $5.1 million as of December 31, 2023. The decrease in the allowance for credit losses related to loans was due to a credit to the provision for credit losses totaling $145,000 and charge-offs of $33,000.

 

Premises and equipment decreased $397,000, or 1.6%, to $25.1 million at June 30, 2024 from $25.5 million at December 31, 2023 primarily due to the depreciation of fixed assets.

 

Investments in Federal Home Loan Bank stock decreased $217,000, or 23.4%, to $712,000 at June 30, 2024 from $929,000 at December 31, 2023. The decrease was due primarily to the mandatory redemption of Federal Home Loan Bank stock totaling $315,000 in connection with the maturity of $7.0 million in advances in 2024, offset by purchases of Federal Home Loan Bank stock totaling $98,000 due to the growth of our mortgage loan portfolio.

 

Bank owned life insurance (“BOLI”) increased $319,000, or 1.3%, to $25.4 million at June 30, 2024 from $25.1 million at December 31, 2023 due to increases in the BOLI cash value.

 

Accrued interest receivable increased $1.2 million, or 9.4%, to $13.5 million at June 30, 2024 from $12.3 million at December 31, 2023 due to an increase in the loan portfolio.

 

Foreclosed real estate was $1.5 million at both June 30, 2024 and December 31, 2023.

 

Right of use assets — operating decreased $280,000, or 6.1%, to $4.3 million at June 30, 2024 from $4.6 million at December 31, 2023, primarily due to amortization.

 

Other assets decreased $660,000, or 8.2%, to $7.4 million at June 30, 2024 from $8.0 million at December 31, 2023 due to a decrease in tax assets of $691,000 and a decrease in suspense accounts of $31,000, partially offset by an increase of $66,000 in prepaid expenses.

 

Total deposits increased $163.8 million, or 11.7%, to $1.6 billion at June 30, 2024 from $1.4 billion at December 31, 2023. The increase in deposits was primarily due to the Bank offering competitive interest rates to attract deposits. This resulted in a shift in deposits whereby certificates of deposit increased $151.0 million, or 19.8%, and NOW/money market accounts increased $75.0 million, or 51.8%, partially offset by decreases in savings account balances of $47.5 million, or 24.7%, and non-interest bearing demand deposits of $14.6 million, or 4.9%.

 

Federal Home Loan Bank advances decreased $7.0 million, or 50.0%, to $7.0 million at June 30, 2024 from $14.0 million at December 31, 2023 due to the maturity of borrowings in 2024. Federal Reserve Bank borrowings decreased $10.0 million, or 20.0%, to $40.0 million at June 30, 2024 from $50.0 million at December 31, 2023.

 

Advance payments by borrowers for taxes and insurance decreased $117,000, or 5.8%, to $1.9 million at June 30, 2024 from $2.0 million at December 31, 2023 due primarily to remittance of real estate tax payments to various local tax authorities.

 

Lease liability – operating decreased $255,000, or 5.5%, to $4.4 million at June 30, 2024 from $4.6 million at December 31, 2023, primarily due to amortization.

 

Accounts payable and accrued expenses decreased $1.1 million, or 7.8%, to $12.5 million at June 30, 2024 from $13.6 million at December 31, 2023 due primarily to a decrease in accrued expense of $1.5 million, partially offset by an increase in accounts payable of $526,000 and deferred compensation of $263,000. The allowance for credit losses for off-balance sheet commitments decreased $197,000, or 22.6%, to $803,000 at June 30, 2024 from $1.0 million at December 31, 2023.

 

 

 

 

Stockholders’ equity increased $20.7 million, or 7.4% to $300.0 million at June 30, 2024, from $279.3 million at December 31, 2023. The increase in stockholders’ equity was due to net income of $24.2 million for the six months ended June 30, 2024, the amortization expense of $888,000 relating to restricted stock and stock options granted under the Company’s 2022 Equity Incentive Plan, a reduction of $435,000 in unearned employee stock ownership plan shares coupled with an increase of $276,000 in earned employee stock ownership plan shares, an exercise of stock options totaling $14,000, and $6,000 in other comprehensive income, partially offset by stock repurchases totaling $2.5 million and dividends paid and declared of $2.7 million.

 

Results of Operations for the Three Months Ended June 30, 2024 and 2023

 

Net Interest Income

 

Net interest income was $26.2 million for the three months ended June 30, 2024, as compared to $24.0 million for the three months ended June 30, 2023. The increase in net interest income of $2.2 million, or 9.2%, was primarily due to an increase in interest income that exceeded an increase in interest expense.

 

The increase in interest income is attributable to increases in the average balances of loans and interest-bearing deposits, partially offset by decreases in the average balances of investment securities and FHLB stock. The increase in interest income is also attributable to a rising interest rate environment due to the Federal Reserve’s interest rate increases in 2023.

 

The increase in market interest rates in 2023 also caused an increase in our interest expense. As a result, the increase in interest expense for the three months ended June 30, 2024 was due to an increase in the cost of funds on our deposits and borrowed money. The increase in interest expense was also due to an increase in the average balances on our certificates of deposits, our interest-bearing demand deposits, and our borrowed money, offset by a decrease in the average balances on our savings and club deposits.

 

Total interest and dividend income increased $8.5 million, or 26.9%, to $40.2 million for the three months ended June 30, 2024 from $31.7 million for the three months ended June 30, 2023. The increase in interest and dividend income was due to an increase in the average balance of interest earning assets of $355.4 million, or 24.4%, to $1.8 billion for the three months ended June 30, 2024 from $1.5 billion for the three months ended June 30, 2023 and an increase in the yield on interest earning assets by 17 basis points from 8.72% for the three months ended June 30, 2023 to 8.89% for the three months ended June 30, 2024.

 

Interest expense increased $6.3 million, or 82.1%, to $14.0 million for the three months ended June 30, 2024 from $7.7 million for the three months ended June 30, 2023. The increase in interest expense was due to an increase in the cost of interest bearing liabilities by 101 basis points from 3.32% for the three months ended June 30, 2023 to 4.33% for the three months ended June 30, 2024 and an increase in average interest bearing liabilities of  $367.7 million, or 39.6%, to $1.3 billion for the three months ended June 30, 2024 from $928.0 million for the three months ended June 30, 2023.

 

Our net interest margin decreased 81 basis points, or 12.3%, to 5.79% for the three months ended June 30, 2024 compared to 6.60% for the three months ended June 30, 2023. The decrease in the net interest margin was due to the increase in the cost of interest-bearing liabilities outpacing the increase in the yield on interest-earning assets.

 

Credit Loss Expense

 

The Company recorded a credit loss expense reduction of $226,000 for the three months ended June 30, 2024 compared to a credit loss expense of $610,000 for the three months ended June 30, 2023. The credit loss expense reduction of $226,000 for the three months ended June 30, 2024 was comprised of a credit loss expense reduction for off-balance sheet commitments of $218,000 and a credit loss expense reduction for held-to-maturity investment securities of $8,000. The credit loss expense reduction for off-balance sheet commitments of $218,000 for the three months ended June 30, 2024 was primarily attributable to a reduction of $30.4 million in the level of off-balance sheet commitments and favorable trends in the economy.

 

We charged-off $12,000 during the three months ended June 30, 2024 as compared to charge-offs of $194,000 during the three months ended June 30, 2023. The charge-offs of $12,000 during the three months ended June 30, 2024 were against various unpaid overdrafts in our demand deposit accounts. The charge-offs of $194,000 during the three months ended June 30, 2023 were comprised of a charge-off of $159,000 related to three performing construction loans on the same project whereby we sold the loans to a third-party subsequent to June 30, 2023 at a loss of $159,000. The remaining charge-offs of $35,000 for the 2023 period were against various unpaid overdrafts in our demand deposit accounts.

 

 

 

 

We recorded no recoveries from previously charged-off loans during the three months ended June 30, 2024 and 2023.

 

Non-Interest Income

 

Non-interest income for the three months ended June 30, 2024 was $731,000 compared to non-interest income of $1.0 million for the three months ended June 30, 2023. The decrease of $289,000, or 28.3%, in total non-interest income was primarily due to decreases of $391,000 in BOLI income, $113,000 in investment advisory fees, and $4,000 in miscellaneous other non-interest income, partially offset by increases of $116,000 in other loan fees and service charges and $103,000 in unrealized gain/loss on equity securities.

 

The decrease in BOLI income was primarily due to two death claims totaling $1.8 million on BOLI policies that resulted in additional BOLI income of $404,000 in the three months ended June 30, 2023. The decrease in investment advisory fees was due to the disposition in January 2024 of the Bank’s assets relating to the Harbor West Wealth Management Group. As a result of the transaction, the Bank no longer generates investment advisory fees.

 

The increase of $116,000 in other loan fees and service charges was due to an increase of $93,000 in other loan fees and loan servicing fees and an increase of $21,000 in ATM/debit card/ACH fees.

 

The increase in unrealized loss on equity securities was due to an unrealized loss of $20,000 on equity securities during the three months ended June 30, 2024 compared to an unrealized loss of $123,000 on equity securities during the three months ended June 30, 2023. The unrealized loss of $20,000 on equity securities during the three months ended June 30, 2024 was due to market interest rate volatility during the quarter ended June 30, 2023.

 

Non-Interest Expense

 

Non-interest expense increased $617,000, or 6.9%, to $9.5 million for the three months ended June 30, 2024 from $8.9 million for the three months ended June 30, 2023. The increase resulted primarily from increases of $415,000 in salaries and employee benefits, $297,000 in other operating expense, $69,000 in occupancy expense, $53,000 in outside data processing expense, and $6,000 in real estate owned expense, partially offset by decreases of $144,000 in advertising expense, and $79,000 in equipment expense.

 

Income Taxes

 

We recorded income tax expense of $4.9 million and $4.5 million for the three months ended June 30, 2024 and 2023, respectively. For the three months ended June 30, 2024, we had approximately $199,000 in tax exempt income, compared to approximately $587,000 in tax exempt income for the three months ended June 30, 2023. The decrease in tax exempt income was due to two death claims totaling $1.8 million on BOLI policies during the three months ended June 30, 2023. Our effective income tax rates were 27.6% and 28.7% for the three months ended June 30, 2024 and 2023, respectively.

 

Results of Operations for the Six Months Ended June 30, 2024 and 2023

 

Net Interest Income

 

Net interest income was $51.2 million for the six months ended June 30, 2024 as compared to $46.9 million for the six months ended June 30, 2023. The increase in net interest income of $4.4 million, or 9.3%, was primarily due to an increase in interest income that exceeded an increase in interest expense.

 

The increase in interest income is attributable to increases in loans and interest-bearing deposits, partially offset by decreases in investment securities and FHLB stock. The increase in interest income is also attributable to a rising interest rate environment as a result of the Federal Reserve’s interest rate increases during 2023.

 

 

 

 

The increase in market interest rates in 2023 also caused an increase in our interest expense. As a result, the increase in interest expense for the six months ended June 30, 2024 was due to an increase in the cost of funds on our deposits and borrowed money. The increase in interest expense was also due to increases in the balances on our certificates of deposits, our interest-bearing demand deposits, and our borrowed money, offset by a decrease in the balances of our savings and club deposits.

 

Total interest and dividend income increased $18.1 million, or 30.1%, to $78.4 million for the six months ended June 30, 2024 from $60.2 million for the six months ended June 30, 2023. The increase in interest and dividend income was due to an increase in the average balance of interest earning assets of $358.3 million, or 25.3%, to $1.8 billion for the six months ended June 30, 2024 from $1.4 billion for the six months ended June 30, 2023 and an increase in the yield on interest earning assets by 33 basis points from 8.50% for the six months ended June 30, 2023 to 8.83% for the six months ended June 30, 2024.

 

Interest expense increased $13.8 million, or 103.1%, to $27.2 million for the six months ended June 30, 2024 from $13.4 million for the six months ended June 30, 2023. The increase in interest expense was due to an increase in the cost of interest bearing liabilities by 126 basis points from 3.05% for the six months ended June 30, 2023 to 4.31% for the six months ended June 30, 2024, and an increase in average interest bearing liabilities of $383.0 million, or 43.6%, to $1.3 billion for the six months ended June 30, 2024 from $877.8 million for the six months ended June 30, 2023.

 

Net interest margin decreased 85 basis points, or 12.8%, for the six months ended June 30, 2024 to 5.77% compared to 6.62% for the six months ended June 30, 2023.

 

Credit Loss Expense

 

The Company recorded a credit loss expense reduction totaling $391,000 for the six months ended June 30, 2024 compared to a credit loss expense totaling $611,000 for the six months ended June 30, 2023. The credit loss expense reduction of $391,000 for the six months ended June 30, 2024 was comprised of a credit loss expense reduction for off-balance sheet commitments of $235,000, a credit loss expense reduction for loans of $145,000, and a credit loss expense reduction for held-to-maturity investment securities of $11,000. The credit loss expense reduction for off-balance sheet commitments of $391,000 for the six months ended June 30, 2024 was primarily attributed to a reduction of $27.2 million in the level of off-balance sheet commitments and favorable trends in the economy. The credit loss expense reduction for loans of $145,000 for the six months ended June 30, 2024 was primarily attributed to favorable trends in the economy.

 

We charged-off $32,000 during the six months ended June 30, 2024 as compared to charge-offs of $214,000 during the six months ended June 30, 2023. The charge-offs of $32,000 during the six months ended June 30, 2024 were against various unpaid overdrafts in our demand deposit accounts. The charge-offs of $214,000 during the six months ended June 30, 2023 were comprised of a charge-off of $159,000 related to three performing construction loans on the same project whereby we sold the loans to a third-party subsequent to June 30, 2023 at a loss of $159,000. The remaining charge-offs of $55,000 for the 2023 period were against various unpaid overdrafts in our demand deposit accounts.

 

We recorded no recoveries from previously charged-off loans during the six months ended June 30, 2024 and 2023.

 

Non-Interest Income

 

Non-interest income for the six months ended June 30, 2024 was $1.3 million compared to non-interest income of $2.1 million for the six months ended June 30, 2023. The decrease of $850,000, or 39.8%, in total non-interest income was primarily due to decreases of $385,000 in BOLI income, $229,000 in investment advisory fees, $204,000 in unrealized losses on equity securities, $29,000 in other loan fees and service charges, and $3,000 in miscellaneous other non-interest income.

 

The decrease in BOLI income was primarily due to two death claims totaling $1.8 million on BOLI policies that resulted in additional BOLI income of $404,000 in the six months ended June 30, 2023. The decrease in investment advisory fees was due to the disposition in January 2024 of the Bank’s assets relating to the Harbor West Wealth Management Group. As a result of the transaction, the Bank no longer generates investment advisory fees.

 

The decrease in unrealized gain (loss) on equity securities was due to an unrealized loss of $102,000 on equity securities during the six months ended June 30, 2024 compared to an unrealized gain of $102,000 on equity securities during the six months ended June 30, 2023. The unrealized loss of $102,000 on equity securities during the 2024 period was due to market interest rate volatility during the six months ended June 30, 2024.

 

 

 

 

The decrease of $29,000 in other loan fees and service charges was due to a decrease of $46,000 in other loan fees and loan servicing fees, partially offset by increases of $14,000 in ATM/debit card/ACH fees and $2,000 in savings account fees.

 

Non-Interest Expense

 

Non-interest expense increased $2.1 million, or 12.3%, to $19.2 million for the six months ended June 30, 2024 from $17.1 million for the six months ended June 30, 2023. The increase resulted primarily from increases of $1.2 million in salaries and employee benefits, $840,000 in other operating expense, $174,000 in outside data processing expense, and $107,000 in occupancy expense, partially offset by decreases of $130,000 in equipment expense, $106,000 in advertising expense, and $2,000 in real estate owned expense.

 

Income Taxes

 

We recorded income tax expense of $9.5 million and $9.0 million for the six months ended June 30, 2024 and 2023, respectively. For the six months ended June 30, 2024, we had approximately $394,000 in tax exempt income, compared to approximately $770,000 in tax exempt income for the six months ended June 30, 2023. The decrease in tax exempt income was due to two death claims totaling $1.8 million on BOLI policies during the six months ended June 30, 2023. Our effective income tax rates were 28.3% and 28.7% for the six months ended June 30, 2024 and 2023, respectively.

 

Asset Quality

 

Non-performing assets were $5.9 million at June 30, 2024 compared to $5.8 million at December 31, 2023. At June 30, 2024 and December 31, 2023, we had two non-performing construction loans totaling $4.4 million secured by the same project located in the Bronx, New York. The other non-performing assets consisted of one foreclosed property at June 30, 2024 and December 31, 2023. Our ratio of non-performing assets to total assets remained low at 0.30% at June 30, 2024 as compared to 0.33% at December 31, 2023.

 

The Company’s allowance for credit losses related to loans was $4.9 million, or 0.29% of total loans as of June 30, 2024, compared to $5.1 million, or 0.32% of total loans, as of December 31, 2023. Based on a review of the loans that were in the loan portfolio at June 30, 2024, 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 June 30, 2024, the Company’s allowance for credit losses related to off-balance sheet commitments totaled $803,000 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 15.54% as of June 30, 2024. At June 30, 2024, the Company had the ability to borrow $841.9 million from the Federal Reserve Bank of New York, $29.6 million from the Federal Home Loan 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 June 30, 2024, the Bank had a tier 1 leverage capital ratio of 14.37% and a total risk-based capital ratio of 13.66%.

 

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 stock repurchase program totaled $23.0 million, including commission costs and Federal excise taxes. Of the total shares repurchased under this program, 957,275 of such shares were repurchased during 2023 at a total cost of $13.7 million, including commission costs and Federal excise taxes.

 

The Company commenced its second stock repurchase program on May 30, 2023 whereby the Company will repurchase 1,509,218, or 10%, of the Company’s issued and outstanding common stock. As of June 30, 2024, the Company had repurchased 1,091,174 shares of common stock under its second repurchase program, at a cost of $17.2 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 and its 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 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)

 

   June 30,   December 31, 
   2024   2023 
   (In thousands, except share 
   and per share amounts) 
ASSETS        
Cash and amounts due from depository institutions  $13,276   $13,394 
Interest-bearing deposits   100,609    55,277 
Total cash and cash equivalents   113,885    68,671 
Certificates of deposit   100    100 
Equity securities   18,000    18,102 
Securities held-to-maturity ( net of allowance for credit losses of $126 and $136, respectively )   15,392    15,860 
Loans receivable   1,708,430    1,586,721 
Deferred loan (fees) costs, net   (209)   176 
Allowance for credit losses   (4,915)   (5,093)
Net loans   1,703,306    1,581,804 
Premises and equipment, net   25,055    25,452 
Investments in restricted stock, at cost   712    929 
Bank owned life insurance   25,401    25,082 
Accrued interest receivable   13,473    12,311 
Real estate owned   1,456    1,456 
Property held for investment   1,389    1,407 
Right of Use Assets – Operating   4,286    4,566 
Right of Use Assets – Financing   349    351 
Other assets   7,384    8,044 
Total assets  $1,930,188   $1,764,135 
LIABILITIES AND STOCKHOLDERS’ EQUITY          
Liabilities:          
Deposits:          
Non-interest bearing  $285,541   $300,184 
Interest bearing   1,278,309    1,099,852 
Total deposits   1,563,850    1,400,036 
Advance payments by borrowers for taxes and insurance   1,903    2,020 
Borrowings   47,000    64,000 
Lease Liability – Operating   4,370    4,625 
Lease Liability – Financing   590    571 
Accounts payable and accrued expenses   12,500    13,558 
Total liabilities   1,630,213    1,484,810 
           
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; 13,990,602 shares and 14,144,856 shares outstanding, respectively   140    142 
Additional paid-in capital   108,630    109,924 
Unearned Employee Stock Ownership Plan (“ESOP”) shares   (6,128)   (6,563)
Retained earnings   197,010    175,505 
Accumulated other comprehensive income   323    317 
Total stockholders’ equity   299,975    279,325 
Total liabilities and stockholders’ equity  $1,930,188   $1,764,135 

 

 

 

 

NORTHEAST COMMUNITY BANCORP, INC.

CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

 

   Three Months Ended June 30,   Six Months Ended June 30, 
   2024   2023   2024   2023 
           (In thousands, except per share amounts) 
INTEREST INCOME:                    
Loans  $38,634   $30,494   $75,337   $58,069 
Interest-earning deposits   1,385    1,001    2,585    1,705 
Securities   218    219    436    452 
Total Interest Income   40,237    31,714    78,358    60,226 
INTEREST EXPENSE:                    
Deposits   13,435    7,609    25,829    13,161 
Borrowings   570    78    1,302    190 
Financing lease   10    9    19    19 
Total Interest Expense   14,015    7,696    27,150    13,370 
Net Interest Income   26,222    24,018    51,208    46,856 
Provision for (reversal of) credit loss   (226)   610    (391)   611 
Net Interest Income after Provision for (Reversal of) Credit Loss   26,448    23,408    51,599    46,245 
NON-INTEREST INCOME:                    
Other loan fees and service charges   563    447    1,025    1,054 
Earnings on bank owned life insurance   162    553    319    704 
Investment advisory fees   -    113    -    229 
Unrealized (loss) gain on equity securities   (20)   (123)   (102)   102 
Other   26    30    43    46 
Total Non-Interest Income   731    1,020    1,285    2,135 
NON-INTEREST EXPENSES:                    
Salaries and employee benefits   5,252    4,837    10,603    9,378 
Occupancy expense   674    605    1,381    1,274 
Equipment   221    300    474    604 
Outside data processing   607    554    1,243    1,069 
Advertising   94    238    182    288 
Real estate owned expense   27    21    39    41 
Other   2,623    2,326    5,257    4,417 
Total Non-Interest Expenses   9,498    8,881    19,179    17,071 
INCOME BEFORE PROVISION FOR INCOME TAXES   17,681    15,547    33,705    31,309 
PROVISION FOR INCOME TAXES   4,883    4,460    9,533    8,978 
NET INCOME  $12,798   $11,087   $24,172   $22,331 

 

 

 

 

NORTHEAST COMMUNITY BANCORP, INC.

SELECTED CONSOLIDATED FINANCIAL DATA

(Unaudited)

 

    Three Months Ended June 30,   Six Months Ended June 30,  
    2024   2023   2024   2023  
    (In thousands, except per share amounts)   (In thousands, except per share amounts)  
Per share data:                          
Earnings per share - basic   $  0.98   $  0.75   $  1.84   $  1.56  
Earnings per share - diluted      0.97      0.75      1.83      1.56  
Weighted average shares outstanding - basic      13,084      14,700      13,119      14,322  
Weighted average shares outstanding - diluted      13,181      14,731      13,205      14,361  
Performance ratios/data:                          
Return on average total assets     2.70%     2.89%     2.60%     2.91%  
Return on average shareholders' equity     17.28%     16.61%     16.59%     16.73%  
Net interest income   $  26,222   $  24,018   $  51,208   $  46,856  
Net interest margin     5.79%     6.60%     5.77%     6.62%  
Efficiency ratio     35.24%     35.47%     36.54%     34.85%  
Net charge-off ratio     0.00%     0.06%     0.00%     0.03%  

 

Loan portfolio composition:  June 30, 2024   December 31, 2023 
One-to-four family  $4,600   $5,252 
Multi-family   199,865    198,927 
Mixed-use   28,305    29,643 
Total residential real estate   232,770    233,822 
Non-residential real estate   30,556    21,130 
Construction   1,329,953    1,219,413 
Commercial and industrial   113,471    111,116 
Consumer   1,680    1,240 
Gross loans   1,708,430    1,586,721 
Deferred loan (fees) costs, net   (209)   176 
Total loans  $1,708,221   $1,586,897 
Asset quality data:          
Loans past due over 90 days and still accruing  $-   $- 
Non-accrual loans   4,404    4,385 
OREO property   1,456    1,456 
Total non-performing assets  $5,860   $5,841 
           
Allowance for credit losses to total loans   0.29%   0.32%
Allowance for credit losses to non-performing loans   111.60%   116.15%
Non-performing loans to total loans   0.26%   0.28%
Non-performing assets to total assets   0.30%   0.33%
           
Bank's Regulatory Capital ratios:          
Total capital to risk-weighted assets   13.66%   14.11%
Common equity tier 1 capital to risk-weighted assets   13.37%   13.78%
Tier 1 capital to risk-weighted assets   13.37%   13.78%
Tier 1 leverage ratio   14.37%   16.21%

 

 

 

 

NORTHEAST COMMUNITY BANCORP, INC.

NET INTEREST MARGIN ANALYSIS

(Unaudited)

 

   Three Months Ended June 30, 2024   Three Months Ended June 30, 2023 
   Average   Interest   Average   Average   Interest   Average 
   Balance   and dividend   Yield   Balance   and dividend   Yield 
   (In thousands, except yield/cost information)   (In thousands, except yield/cost information) 
Loan receivable gross  $1,687,029   $38,634    9.16%  $1,341,597   $30,494    9.09%
Securities   33,438    199    2.38%   39,967    198    1.98%
Federal Home Loan Bank stock   704    19    10.80%   928    21    9.05%
Other interest-earning assets   89,736    1,385    6.17%   72,991    1,001    5.49%
Total interest-earning assets   1,810,907    40,237    8.89%   1,455,483    31,714    8.72%
Allowance for credit losses   (4,927)             (4,070)          
Non-interest-earning assets   91,085              83,521           
Total assets  $1,897,065             $1,534,934           
                               
Interest-bearing demand deposit  $205,536   $1,930    3.76%  $85,919   $483    2.25%
Savings and club accounts   158,292    982    2.48%   267,368    1,836    2.75%
Certificates of deposit   884,626    10,523    4.76%   560,702    5,290    3.77%
Total interest-bearing deposits   1,248,454    13,435    4.30%   913,989    7,609    3.33%
Borrowed money   47,276    580    4.91%   14,000    87    2.49%
Total interest-bearing liabilities   1,295,730    14,015    4.33%   927,989    7,696    3.32%
Non-interest-bearing demand deposit   285,368              322,722           
Other non-interest-bearing liabilities   19,641              17,224           
Total liabilities   1,600,739              1,267,935           
Equity   296,326              266,999           
Total liabilities and equity  $1,897,065             $1,534,934           
                               
Net interest income / interest spread       $26,222    4.56%       $24,018    5.40%
Net interest rate margin             5.79%             6.60%
Net interest earning assets  $515,177             $527,494           
Average interest-earning assets to interest-bearing liabilities   139.76%             156.84%          

 

 

 

 

NORTHEAST COMMUNITY BANCORP, INC.

NET INTEREST MARGIN ANALYSIS

(Unaudited)

 

   Six Months Ended June 30, 2024   Six Months Ended June 30, 2023 
   Average   Interest   Average   Average   Interest   Average 
   Balance   and dividend   Yield   Balance   and dividend   Yield 
   (In thousands, except yield/cost information)   (In thousands, except yield/cost information) 
Loan receivable Gross  $1,649,686   $75,337    9.13%  $1,305,922   $58,069    8.89%
Securities   33,643    396    2.35%   42,232    409    1.94%
Federal Home Loan Bank stock   773    40    10.35%   1,039    43    8.28%
Other interest-earning assets   90,644    2,585    5.70%   67,269    1,705    5.07%
Total interest-earning assets   1,774,746    78,358    8.83%   1,416,462    60,226    8.50%
Allowance for loan losses   (5,009)             (4,760)          
Non-interest-earning assets   89,972              82,217           
Total assets  $1,859,709             $1,493,919           
                               
Interest-bearing demand deposit  $188,510   $3,483    3.70%  $88,047   $911    2.07%
Savings and club accounts   170,531    2,184    2.56%   276,886    3,749    2.71%
Certificates of deposit   847,606    20,162    4.76%   496,338    8,501    3.43%
Total interest-bearing deposits   1,206,647    25,829    4.28%   861,271    13,161    3.06%
Borrowed money   54,184    1,321    4.88%   16,514    209    2.53%
Total interest-bearing liabilities   1,260,831    27,150    4.31%   877,785    13,370    3.05%
Non-interest-bearing demand deposit   288,639              333,948           
Other non-interest-bearing liabilities   18,865              16,208           
Total liabilities   1,568,335              1,227,941           
Equity   291,374              265,978           
Total liabilities and equity  $1,859,709             $1,493,919           
                               
Net interest income / interest spread       $51,208    4.52%       $46,856    5.46%
Net interest rate margin             5.77%             6.62%
Net interest earning assets  $513,915             $538,677           
Average interest-earning assets to interest-bearing liabilities   140.76%             161.37%          

 

 

 

 EX-101.SCH 3 necb-20240722.xsd XBRL TAXONOMY EXTENSION SCHEMA 00000001 - Document - Cover link:presentationLink link:calculationLink link:definitionLink EX-101.LAB 4 necb-20240722_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE Cover [Abstract] Document Type Amendment Flag Amendment Description Document Registration Statement Document Annual Report Document Quarterly Report Document Transition Report Document Shell Company Report Document Shell Company Event Date Document Period Start Date Document Period End Date Document Fiscal Period Focus Document Fiscal Year Focus Current Fiscal Year End Date Entity File Number Entity Registrant Name Entity Central Index Key Entity Primary SIC Number Entity Tax Identification Number Entity Incorporation, State or Country Code Entity Address, Address Line One Entity Address, Address Line Two Entity Address, Address Line Three Entity Address, City or Town Entity Address, State or Province Entity Address, Country Entity Address, Postal Zip Code Country Region City Area Code Local Phone Number Extension Written Communications Soliciting Material Pre-commencement Tender Offer Pre-commencement Issuer Tender Offer Title of 12(b) Security No Trading Symbol Flag Trading Symbol Security Exchange Name Title of 12(g) Security Security Reporting Obligation Annual Information Form Audited Annual Financial Statements Entity Well-known Seasoned Issuer Entity Voluntary Filers Entity Current Reporting Status Entity Interactive Data Current Entity Filer Category Entity Small Business Entity Emerging Growth Company Elected Not To Use the Extended Transition Period Document Accounting Standard Other Reporting Standard Item Number Entity Shell Company Entity Public Float Entity Bankruptcy Proceedings, Reporting Current Entity Common Stock, Shares Outstanding Documents Incorporated by Reference [Text Block] EX-101.PRE 5 necb-20240722_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE XML 7 R1.htm IDEA: XBRL DOCUMENT v3.24.2
Cover
Jul. 22, 2024
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date Jul. 22, 2024
Entity File Number 001-40589
Entity Registrant Name NORTHEAST COMMUNITY BANCORP, INC.
Entity Central Index Key 0001847398
Entity Tax Identification Number 86-3173858
Entity Incorporation, State or Country Code MD
Entity Address, Address Line One 325 Hamilton Avenue
Entity Address, City or Town White Plains
Entity Address, State or Province NY
Entity Address, Postal Zip Code 10601
City Area Code 914
Local Phone Number 684-2500
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, par value $0.01 per share
Trading Symbol NECB
Security Exchange Name NASDAQ
Entity Emerging Growth Company true
Elected Not To Use the Extended Transition Period false
EXCEL 8 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 9 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 10 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 12 FilingSummary.xml IDEA: XBRL DOCUMENT 3.24.2 html 1 23 1 false 0 0 false 3 false false R1.htm 00000001 - Document - Cover Sheet http://necb.com/role/Cover Cover Cover 1 false false All Reports Book All Reports necb-20240722.xsd necb-20240722_lab.xml necb-20240722_pre.xml tm2420021d1_8k.htm http://xbrl.sec.gov/dei/2023 true false JSON 14 MetaLinks.json IDEA: XBRL DOCUMENT { "version": "2.2", "instance": { "tm2420021d1_8k.htm": { "nsprefix": "necb", "nsuri": "http://necb.com/20240722", "dts": { "schema": { "local": [ "necb-20240722.xsd" ], "remote": [ "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd", "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd", "http://www.xbrl.org/2003/xl-2003-12-31.xsd", "http://www.xbrl.org/2003/xlink-2003-12-31.xsd", "http://www.xbrl.org/2005/xbrldt-2005.xsd", "http://www.xbrl.org/2006/ref-2006-02-27.xsd", "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd", "https://www.xbrl.org/2020/extensible-enumerations-2.0.xsd", "https://www.xbrl.org/dtr/type/2020-01-21/types.xsd", "https://www.xbrl.org/dtr/type/2022-03-31/types.xsd", "https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd", "https://xbrl.fasb.org/srt/2023/elts/srt-roles-2023.xsd", "https://xbrl.fasb.org/srt/2023/elts/srt-types-2023.xsd", "https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd", "https://xbrl.fasb.org/us-gaap/2023/elts/us-roles-2023.xsd", "https://xbrl.fasb.org/us-gaap/2023/elts/us-types-2023.xsd", "https://xbrl.sec.gov/country/2023/country-2023.xsd", "https://xbrl.sec.gov/dei/2023/dei-2023.xsd" ] }, "labelLink": { "local": [ "necb-20240722_lab.xml" ] }, "presentationLink": { "local": [ "necb-20240722_pre.xml" ] }, "inline": { "local": [ "tm2420021d1_8k.htm" ] } }, "keyStandard": 23, "keyCustom": 0, "axisStandard": 0, "axisCustom": 0, "memberStandard": 0, "memberCustom": 0, "hidden": { "total": 2, "http://xbrl.sec.gov/dei/2023": 2 }, "contextCount": 1, "entityCount": 1, "segmentCount": 0, "elementCount": 59, "unitCount": 3, "baseTaxonomies": { "http://xbrl.sec.gov/dei/2023": 23 }, "report": { "R1": { "role": "http://necb.com/role/Cover", "longName": "00000001 - Document - Cover", "shortName": "Cover", "isDefault": "true", "groupType": "document", "subGroupType": "", "menuCat": "Cover", "order": "1", "firstAnchor": { "contextRef": "AsOf2024-07-22", "name": "dei:DocumentType", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "b", "p", "body", "html" ], "reportCount": 1, "baseRef": "tm2420021d1_8k.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "AsOf2024-07-22", "name": "dei:DocumentType", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "b", "p", "body", "html" ], "reportCount": 1, "baseRef": "tm2420021d1_8k.htm", "first": true, "unique": true } } }, "tag": { "dei_AmendmentDescription": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "AmendmentDescription", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Amendment Description", "documentation": "Description of changes contained within amended document." } } }, "auth_ref": [] }, "dei_AmendmentFlag": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "AmendmentFlag", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Amendment Flag", "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission." } } }, "auth_ref": [] }, "dei_AnnualInformationForm": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "AnnualInformationForm", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Annual Information Form", "documentation": "Boolean flag with value true on a form if it is an annual report containing an annual information form." } } }, "auth_ref": [ "r14" ] }, "dei_AuditedAnnualFinancialStatements": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "AuditedAnnualFinancialStatements", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Audited Annual Financial Statements", "documentation": "Boolean flag with value true on a form if it is an annual report containing audited financial statements." } } }, "auth_ref": [ "r14" ] }, "dei_CityAreaCode": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "CityAreaCode", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "City Area Code", "documentation": "Area code of city" } } }, "auth_ref": [] }, "dei_CountryRegion": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "CountryRegion", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Country Region", "documentation": "Region code of country" } } }, "auth_ref": [] }, "dei_CoverAbstract": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "CoverAbstract", "lang": { "en-us": { "role": { "label": "Cover [Abstract]", "documentation": "Cover page." } } }, "auth_ref": [] }, "dei_CurrentFiscalYearEndDate": { "xbrltype": "gMonthDayItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "CurrentFiscalYearEndDate", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Current Fiscal Year End Date", "documentation": "End date of current fiscal year in the format --MM-DD." } } }, "auth_ref": [] }, "dei_DocumentAccountingStandard": { "xbrltype": "accountingStandardItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "DocumentAccountingStandard", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Document Accounting Standard", "documentation": "The basis of accounting the registrant has used to prepare the financial statements included in this filing This can either be 'U.S. GAAP', 'International Financial Reporting Standards', or 'Other'." } } }, "auth_ref": [ "r13" ] }, "dei_DocumentAnnualReport": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "DocumentAnnualReport", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Document Annual Report", "documentation": "Boolean flag that is true only for a form used as an annual report." } } }, "auth_ref": [ "r11", "r13", "r14" ] }, "dei_DocumentFiscalPeriodFocus": { "xbrltype": "fiscalPeriodItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "DocumentFiscalPeriodFocus", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Document Fiscal Period Focus", "documentation": "Fiscal period values are FY, Q1, Q2, and Q3. 1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY." } } }, "auth_ref": [] }, "dei_DocumentFiscalYearFocus": { "xbrltype": "gYearItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "DocumentFiscalYearFocus", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Document Fiscal Year Focus", "documentation": "This is focus fiscal year of the document report in YYYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006." } } }, "auth_ref": [] }, "dei_DocumentPeriodEndDate": { "xbrltype": "dateItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "DocumentPeriodEndDate", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Document Period End Date", "documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD." } } }, "auth_ref": [] }, "dei_DocumentPeriodStartDate": { "xbrltype": "dateItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "DocumentPeriodStartDate", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Document Period Start Date", "documentation": "The start date of the period covered in the document, in YYYY-MM-DD format." } } }, "auth_ref": [] }, "dei_DocumentQuarterlyReport": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "DocumentQuarterlyReport", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Document Quarterly Report", "documentation": "Boolean flag that is true only for a form used as an quarterly report." } } }, "auth_ref": [ "r12" ] }, "dei_DocumentRegistrationStatement": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "DocumentRegistrationStatement", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Document Registration Statement", "documentation": "Boolean flag that is true only for a form used as a registration statement." } } }, "auth_ref": [ "r0" ] }, "dei_DocumentShellCompanyEventDate": { "xbrltype": "dateItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "DocumentShellCompanyEventDate", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Document Shell Company Event Date", "documentation": "Date of event requiring a shell company report." } } }, "auth_ref": [ "r13" ] }, "dei_DocumentShellCompanyReport": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "DocumentShellCompanyReport", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Document Shell Company Report", "documentation": "Boolean flag that is true for a Shell Company Report pursuant to section 13 or 15(d) of the Exchange Act." } } }, "auth_ref": [ "r13" ] }, "dei_DocumentTransitionReport": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "DocumentTransitionReport", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Document Transition Report", "documentation": "Boolean flag that is true only for a form used as a transition report." } } }, "auth_ref": [ "r15" ] }, "dei_DocumentType": { "xbrltype": "submissionTypeItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "DocumentType", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Document Type", "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'." } } }, "auth_ref": [] }, "dei_DocumentsIncorporatedByReferenceTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "DocumentsIncorporatedByReferenceTextBlock", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Documents Incorporated by Reference [Text Block]", "documentation": "Documents incorporated by reference." } } }, "auth_ref": [ "r3" ] }, "dei_EntityAddressAddressLine1": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityAddressAddressLine1", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Address, Address Line One", "documentation": "Address Line 1 such as Attn, Building Name, Street Name" } } }, "auth_ref": [] }, "dei_EntityAddressAddressLine2": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityAddressAddressLine2", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Address, Address Line Two", "documentation": "Address Line 2 such as Street or Suite number" } } }, "auth_ref": [] }, "dei_EntityAddressAddressLine3": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityAddressAddressLine3", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Address, Address Line Three", "documentation": "Address Line 3 such as an Office Park" } } }, "auth_ref": [] }, "dei_EntityAddressCityOrTown": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityAddressCityOrTown", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Address, City or Town", "documentation": "Name of the City or Town" } } }, "auth_ref": [] }, "dei_EntityAddressCountry": { "xbrltype": "countryCodeItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityAddressCountry", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Address, Country", "documentation": "ISO 3166-1 alpha-2 country code." } } }, "auth_ref": [] }, "dei_EntityAddressPostalZipCode": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityAddressPostalZipCode", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Address, Postal Zip Code", "documentation": "Code for the postal or zip code" } } }, "auth_ref": [] }, "dei_EntityAddressStateOrProvince": { "xbrltype": "stateOrProvinceItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityAddressStateOrProvince", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Address, State or Province", "documentation": "Name of the state or province." } } }, "auth_ref": [] }, "dei_EntityBankruptcyProceedingsReportingCurrent": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityBankruptcyProceedingsReportingCurrent", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Bankruptcy Proceedings, Reporting Current", "documentation": "For registrants involved in bankruptcy proceedings during the preceding five years, the value Yes indicates that the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court; the value No indicates the registrant has not. Registrants not involved in bankruptcy proceedings during the preceding five years should not report this element." } } }, "auth_ref": [ "r6" ] }, "dei_EntityCentralIndexKey": { "xbrltype": "centralIndexKeyItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityCentralIndexKey", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Central Index Key", "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK." } } }, "auth_ref": [ "r2" ] }, "dei_EntityCommonStockSharesOutstanding": { "xbrltype": "sharesItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityCommonStockSharesOutstanding", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Common Stock, Shares Outstanding", "documentation": "Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument." } } }, "auth_ref": [] }, "dei_EntityCurrentReportingStatus": { "xbrltype": "yesNoItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityCurrentReportingStatus", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Current Reporting Status", "documentation": "Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure." } } }, "auth_ref": [] }, "dei_EntityEmergingGrowthCompany": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityEmergingGrowthCompany", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Emerging Growth Company", "documentation": "Indicate if registrant meets the emerging growth company criteria." } } }, "auth_ref": [ "r2" ] }, "dei_EntityExTransitionPeriod": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityExTransitionPeriod", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Elected Not To Use the Extended Transition Period", "documentation": "Indicate if an emerging growth company has elected not to use the extended transition period for complying with any new or revised financial accounting standards." } } }, "auth_ref": [ "r19" ] }, "dei_EntityFileNumber": { "xbrltype": "fileNumberItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityFileNumber", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity File Number", "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen." } } }, "auth_ref": [] }, "dei_EntityFilerCategory": { "xbrltype": "filerCategoryItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityFilerCategory", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Filer Category", "documentation": "Indicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure." } } }, "auth_ref": [ "r2" ] }, "dei_EntityIncorporationStateCountryCode": { "xbrltype": "edgarStateCountryItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityIncorporationStateCountryCode", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Incorporation, State or Country Code", "documentation": "Two-character EDGAR code representing the state or country of incorporation." } } }, "auth_ref": [] }, "dei_EntityInteractiveDataCurrent": { "xbrltype": "yesNoItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityInteractiveDataCurrent", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Interactive Data Current", "documentation": "Boolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files)." } } }, "auth_ref": [ "r16" ] }, "dei_EntityPrimarySicNumber": { "xbrltype": "sicNumberItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityPrimarySicNumber", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Primary SIC Number", "documentation": "Primary Standard Industrial Classification (SIC) Number for the Entity." } } }, "auth_ref": [ "r14" ] }, "dei_EntityPublicFloat": { "xbrltype": "monetaryItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityPublicFloat", "crdr": "credit", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Public Float", "documentation": "The aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter." } } }, "auth_ref": [] }, "dei_EntityRegistrantName": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityRegistrantName", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Registrant Name", "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC." } } }, "auth_ref": [ "r2" ] }, "dei_EntityShellCompany": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityShellCompany", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Shell Company", "documentation": "Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act." } } }, "auth_ref": [ "r2" ] }, "dei_EntitySmallBusiness": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntitySmallBusiness", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Small Business", "documentation": "Indicates that the company is a Smaller Reporting Company (SRC)." } } }, "auth_ref": [ "r2" ] }, "dei_EntityTaxIdentificationNumber": { "xbrltype": "employerIdItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityTaxIdentificationNumber", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Tax Identification Number", "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS." } } }, "auth_ref": [ "r2" ] }, "dei_EntityVoluntaryFilers": { "xbrltype": "yesNoItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityVoluntaryFilers", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Voluntary Filers", "documentation": "Indicate 'Yes' or 'No' if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act." } } }, "auth_ref": [] }, "dei_EntityWellKnownSeasonedIssuer": { "xbrltype": "yesNoItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityWellKnownSeasonedIssuer", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Well-known Seasoned Issuer", "documentation": "Indicate 'Yes' or 'No' if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A." } } }, "auth_ref": [ "r17" ] }, "dei_Extension": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "Extension", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Extension", "documentation": "Extension number for local phone number." } } }, "auth_ref": [] }, "dei_LocalPhoneNumber": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "LocalPhoneNumber", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Local Phone Number", "documentation": "Local phone number for entity." } } }, "auth_ref": [] }, "dei_NoTradingSymbolFlag": { "xbrltype": "trueItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "NoTradingSymbolFlag", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "No Trading Symbol Flag", "documentation": "Boolean flag that is true only for a security having no trading symbol." } } }, "auth_ref": [] }, "dei_OtherReportingStandardItemNumber": { "xbrltype": "otherReportingStandardItemNumberItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "OtherReportingStandardItemNumber", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Other Reporting Standard Item Number", "documentation": "\"Item 17\" or \"Item 18\" specified when the basis of accounting is neither US GAAP nor IFRS." } } }, "auth_ref": [ "r13" ] }, "dei_PreCommencementIssuerTenderOffer": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "PreCommencementIssuerTenderOffer", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Pre-commencement Issuer Tender Offer", "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act." } } }, "auth_ref": [ "r7" ] }, "dei_PreCommencementTenderOffer": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "PreCommencementTenderOffer", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Pre-commencement Tender Offer", "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act." } } }, "auth_ref": [ "r8" ] }, "dei_Security12bTitle": { "xbrltype": "securityTitleItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "Security12bTitle", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Title of 12(b) Security", "documentation": "Title of a 12(b) registered security." } } }, "auth_ref": [ "r1" ] }, "dei_Security12gTitle": { "xbrltype": "securityTitleItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "Security12gTitle", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Title of 12(g) Security", "documentation": "Title of a 12(g) registered security." } } }, "auth_ref": [ "r5" ] }, "dei_SecurityExchangeName": { "xbrltype": "edgarExchangeCodeItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "SecurityExchangeName", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Security Exchange Name", "documentation": "Name of the Exchange on which a security is registered." } } }, "auth_ref": [ "r4" ] }, "dei_SecurityReportingObligation": { "xbrltype": "securityReportingObligationItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "SecurityReportingObligation", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Security Reporting Obligation", "documentation": "15(d), indicating whether the security has a reporting obligation under that section of the Exchange Act." } } }, "auth_ref": [ "r9" ] }, "dei_SolicitingMaterial": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "SolicitingMaterial", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Soliciting Material", "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act." } } }, "auth_ref": [ "r10" ] }, "dei_TradingSymbol": { "xbrltype": "tradingSymbolItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "TradingSymbol", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Trading Symbol", "documentation": "Trading symbol of an instrument as listed on an exchange." } } }, "auth_ref": [] }, "dei_WrittenCommunications": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "WrittenCommunications", "presentation": [ "http://necb.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Written Communications", "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act." } } }, "auth_ref": [ "r18" ] } } } }, "std_ref": { "r0": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "12" }, "r1": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "12", "Subsection": "b" }, "r2": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "12", "Subsection": "b-2" }, "r3": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "12", "Subsection": "b-23" }, "r4": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "12", "Subsection": "d1-1" }, "r5": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "12", "Subsection": "g" }, "r6": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "12, 13, 15d" }, "r7": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "13e", "Subsection": "4c" }, "r8": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "14d", "Subsection": "2b" }, "r9": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "15", "Subsection": "d" }, "r10": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Section": "14a", "Number": "240", "Subsection": "12" }, "r11": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 10-K", "Number": "249", "Section": "310" }, "r12": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 10-Q", "Number": "240", "Section": "308", "Subsection": "a" }, "r13": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 20-F", "Number": "249", "Section": "220", "Subsection": "f" }, "r14": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 40-F", "Number": "249", "Section": "240", "Subsection": "f" }, "r15": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Forms 10-K, 10-Q, 20-F", "Number": "240", "Section": "13", "Subsection": "a-1" }, "r16": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-T", "Number": "232", "Section": "405" }, "r17": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Securities Act", "Number": "230", "Section": "405" }, "r18": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Securities Act", "Number": "230", "Section": "425" }, "r19": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Securities Act", "Number": "7A", "Section": "B", "Subsection": "2" } } } ZIP 15 0001104659-24-082131-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001104659-24-082131-xbrl.zip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end XML 16 tm2420021d1_8k_htm.xml IDEA: XBRL DOCUMENT 0001847398 2024-07-22 2024-07-22 iso4217:USD shares iso4217:USD shares false 0001847398 8-K 2024-07-22 NORTHEAST COMMUNITY BANCORP, INC. MD 001-40589 86-3173858 325 Hamilton Avenue White Plains NY 10601 914 684-2500 false false false false Common Stock, par value $0.01 per share NECB NASDAQ true false