NorthEast Community Bancorp (NECB) risk factors
Item 1A of every NorthEast Community Bancorp, Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors28 risks2 new5 reworded
New York rent regulations pose risks to $16.3 million of multi-family and mixed-use loans. Cyber attacks and outsourced security providers present growing operational vulnerabilities. Brokered and listing service deposits shifted to $457.8 million, totaling 28.3% of deposits. Quarterly and special dividend figures were updated to reflect 2025 payout increases.
Filed Mar 13, 2026 - FY2024 10-K risk factors26 risks
Heavy geographic and loan concentration in construction, multifamily, and non-residential real estate within the New York and Boston metropolitan areas. Significant reliance on wholesale funding sources including brokered deposits, military deposits, and listing services. Substantial exposure to interest rate risk, cybersecurity threats, and extensive regulatory oversight.
Filed Mar 14, 2025