For the quarter ending 2025-09-30, NECB had $4,964K increase in cash & cash equivalents over the period. $13,608K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 11,865 | 21,737 |
| Net amortization of securities premiums and discounts, net | -1 | -3 |
| Provision for (reversal of) credit losses | 0 | 237 |
| Depreciation | 276 | 597 |
| Net accretion of deferred loan fees and costs | 44 | 244 |
| Deferred income tax benefit | -82 | -242 |
| Unrealized gain recognized on equity securities | 170 | 351 |
| Impairment of real estate owned | 222 | - |
| Earnings on bank owned life insurance | 178 | 336 |
| Gain on dispositions of premises and equipment | 1 | - |
| Esop compensation expense | 478 | 1,011 |
| Compensation expense related to stock options | 206 | 371 |
| Compensation expense related to restricted stock | 301 | 586 |
| Decrease (increase) in accrued interest receivable | 675 | -1,362 |
| Decrease in other assets | -1,060 | -1,094 |
| Increase (decrease) in accounts payable and accrued expenses | 791 | 741 |
| Net cash provided by operating activities | 14,050 | 26,566 |
| Net increase in loans | 76,308 | -18,915 |
| Proceeds from sale of loans | 178 | 557 |
| Principal repayments on securities held-to-maturity | 329 | 485 |
| Purchase of securities held-to-maturity | 2,240 | 270 |
| Purchase of marketable equity securities | 0 | 3,000 |
| Purchase of restricted stock | 0 | 688 |
| Redemptions of restricted stock | 675 | - |
| Purchases of premises and equipment | 442 | 1,133 |
| Net cash used in investing activities | -77,808 | 14,866 |
| Net (decrease) increase in deposits | 36,233 | -191,214 |
| Repayment of frb borrowings | 120,000 | - |
| Repayment of fhlb of ny advances | 15,000 | - |
| Proceeds from frb borrowing | 170,000 | 120,000 |
| Proceeds from fhlb of ny advances | 0 | 15,000 |
| Stock repurchases | 142 | - |
| Stock option exercised | 17 | - |
| Increase in advance payments by borrowers for taxes and insurance | 419 | 803 |
| Cash dividends paid | 2,805 | 4,907 |
| Net cash provided by financing activities | 68,722 | -60,318 |
| Net (decrease) increase in cash and cash equivalents | 4,964 | -18,886 |
| Cash and cash equivalents at beginning of period | 78,259 | - |
| Cash and cash equivalents at end of period | 64,337 | - |
NorthEast Community Bancorp, Inc. MD (NECB)
NorthEast Community Bancorp, Inc. MD (NECB)