NECB (NorthEast Community Bancorp) Allowance For Loans And Lease Losses : $-5.1 Mil (As of Mar. 2025)

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What is NorthEast Community Bancorp Allowance For Loans And Lease Losses?

NorthEast Community Bancorp's Allowance For Loans And Lease Losses for the quarter that ended in Mar. 2025 was $-5.1 Mil.

NorthEast Community Bancorp's quarterly Allowance For Loans And Lease Losses increased from Sep. 2024 ($-4.8 Mil) to Dec. 2024 ($-4.8 Mil) but then declined from Dec. 2024 ($-4.8 Mil) to Mar. 2025 ($-5.1 Mil).

NorthEast Community Bancorp's annual Allowance For Loans And Lease Losses increased from Dec. 2022 ($-5.5 Mil) to Dec. 2023 ($-5.1 Mil) and increased from Dec. 2023 ($-5.1 Mil) to Dec. 2024 ($-4.8 Mil).

NorthEast Community Bancorp Allowance For Loans And Lease Losses Historical Data

The historical data trend for NorthEast Community Bancorp's Allowance For Loans And Lease Losses can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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NorthEast Community Bancorp Allowance For Loans And Lease Losses Chart

NorthEast Community Bancorp Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Allowance For Loans And Lease Losses

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-5.09

-5.24

-5.47

-5.09

-4.83

NorthEast Community Bancorp Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Allowance For Loans And Lease Losses	Get a 7-Day Free Trial															-4.93	-4.92	-4.83	-4.83	-5.13

NorthEast Community Bancorp Allowance For Loans And Lease Losses Calculation

Allowance For Loans And Lease Losses is a contra account sets aside as an allowance for bad loans.

NorthEast Community Bancorp Allowance For Loans And Lease Losses Related Terms

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NorthEast Community Bancorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » NorthEast Community Bancorp Inc (NAS:NECB) » Definitions » Allowance For Loans And Lease Losses

Comparable Companies

Traded in Other Exchanges

N/A

Address

325 Hamilton Avenue, White Plains, NY, USA, 10601

Website

https://www.necb.com

NorthEast Community Bancorp Inc operates as a community-oriented financial institution. It is principally engaged in the business of attracting deposits and investing those funds into mortgage and commercial loans. It conducts activities throughout the Northeastern United States including New York, Massachusetts, New Jersey, and Connecticut. The company offers a comprehensive line of banking products and services, including mobile banking as well as commercial real estate loans, commercial construction financing, lines of credit, and term loans. It also offers investment advisory and financial planning services.

Executives

John F Mckenzie	director	325 HAMILTON AVENUE, WHITE PLAINS NY 10601
Charles Michael Cirillo	director	C/O NORTHEAST COMMUNITY BANCORP, INC., 325 HAMILTON AVENUE, WHITE PLAINS NY 10601
Diane B Cavanaugh	director	325 HAMILTON AVENUE, WHITE PLAINS NY 10601
Donald S Hom	officer: EVP and CFO	325 HAMILTON AVE, WHITE PLAINS NY 10601
Charles A Martinek	director	325 HAMILTON AVENUE, WHITE PLAINS NY 10601
Kenneth H Thomas	director	325 HAMILTON AVENUE, WHITE PLAINS NY 10601
Linda M Swan	director	325 HAMILTON AVENUE, WHITE PLAINS NY 10601
Kenneth A Martinek	director, officer: Chairman and CEO	325 HAMILTON AVENUE, WHITE PLAINS NY 10601
Kevin Patrick Omalley	director	C/O NORTHEAST COMMUNITY BANCORP, INC., 325 HAMILTON AVENUE, WHITE PLAINS NY 10601
Jose M Collazo	director, officer: President and COO	325 HAMILTON AVENUE, WHITE PLAINS NY 10601
Eugene M Magier	director	325 HAMILTON AVENUE, WHITE PLAINS NY 10601