NorthEast Community Bancorp, Inc./MD/ 10-K

ITEM 9A. CONTROLS AND PROCEDURES Evaluation of Disclosure Controls and Procedures. Under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, we evaluated the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934) as of the end of the period covered by this report. Based upon that evaluation, the Chief Executive Officer and Chief Financial Officer concluded that, as of the end of the period covered by this report, our disclosure controls and procedures were effective to ensure (1) that information required to be disclosed in the reports that the Company files or submits under the Securities Exchange Act of 1934, is recorded, processed, summarized and reported, within the time periods specified in the SEC’s rules and forms; and (2) that they are alerted in a timely manner about material information relating to the Company required to be filed in its periodic Securities and Exchange Commission filings. Management Report on Internal Control over Financial Reporting. Management is responsible for establishing and maintaining adequate internal control over financial reporting for the Company, as such term is defined in Exchange Act Rule 13a-15(f). The Company’s system of internal control over financial reporting has been designed to provide reasonable assurance to the Company’s management and board of directors regarding the reliability of financial reporting and the preparation and fair presentation of financial statements for external purposes in accordance with U.S. generally accepted accounting principles. Any system of internal control over financial reporting, no matter how well designed, has inherent limitations, including the possibility that a control can be circumvented or overridden and misstatements due to error or fraud may occur and not be detected. Also, because of changes in conditions, internal control effectiveness may vary over time. Accordingly, even an effective system of internal control will provide only reasonable assurance with respect to financial statement preparation and presentation. The Company’s management has, including the Company’s principal executive officer and principal financial officer, assessed the effectiveness of the Company’s internal control over financial reporting as of December 31, 2025. To make this assessment, we used the criteria for effective internal control over financial reporting described in Internal Control – Integrated Framework (2013), issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based on our assessment and based on such criteria, we believe that, as of December 31, 2025, the Company’s internal control over financial reporting was effective. Internal Control Over Financial Reporting. During the quarter and year ended December 31, 2025, there were no changes in the Company’s internal controls over financial reporting that have materially affected, or are reasonably likely to materially affect, the Company’s internal controls over financial reporting. This Annual Report on Form 10-K does not include an attestation report of our independent registered public accounting firm because the Company is an emerging growth company. ​ ITEM 9B. OTHER INFORMATION During the fiscal quarter ended December 31, 2025, none of our directors or officers informed us of the adoption or termination of a “ Rule 10b5 -1 trading arrangement” or “ non-Rule 10b5 -1 trading arrangement,” as those terms are defined in Item 408 of Regulation S-K. ​ ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTION THAT PREVENT INSPECTIONS None. 56 Table of Contents PART III ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE Directors and Executive Officers The information required by this item is incorporated herein by reference to “Item 1: Business—Executive Officers” in this Annual Report on Form 10-K and to the sections captioned “ Proposal 1—Election of Directors ,” and “ Corporate Governance ” in our definitive proxy statement for our 2026 annual meeting of stockholders to be filed with the Securities and Exchange Commission no later than 120 days after the close of the fiscal year covered by this Annual Report on Form 10-K (the “Proxy Statement”). The Company has adopted the NorthEast Community Bancorp, Inc. Policy Regarding Insider Trading (the “Insider Trading Policy”) and related procedures governing the purchase, sale, and/or other disposition of its securities by its directors, officers, and employees that the Company believes are reasonably designed to promote compliance with insider trading laws, rules, and regulations, and applicable Nasdaq Stock Market listing standards. A copy of the Insider Trading Policy is filed as Exhibit 19.1 to this Annual Report on Form 10-K. In addition, with regard to the Company’s trading in its own securities, it is the Company’s policy to comply with the federal securities laws and the applicable Nasdaq Stock Market listing requirements. Compliance with Section 16(a) of the Securities Exchange Act of 1934 The information required by this item with respect to any delinquent reports filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 is incorporated herein by reference to the section captioned “ Section 16(a) Beneficial Ownership Reporting Compliance” in the Proxy Statement. Code of Ethics and Business Conduct The Company has adopted a Code of Ethics and Business Conduct that is designed to ensure that the Company’s directors and employees meet the highest standards of ethical conduct. The Code of Ethics and Business Conduct, which applies to all employees and directors, addresses conflicts of interest, the treatment of confidential information, general employee conduct and compliance with applicable laws, rules and regulations. In addition, the Code of Ethics and Business Conduct is designed to deter wrongdoing and promote honest and ethical conduct, the avoidance of conflicts of interest, full and accurate disclosure and compliance with all applicable laws, rules and regulations. A copy of the Code of Ethics and Business Conduct is available in the Investor Relations section of our website (www.necb.com ). We intend to disclose any amendments to our Code of Ethics and Business Conduct required to be disclosed by the rules of the SEC and the Nasdaq Stock Market on the Investor Relations section of our website. ​ ITEM 11. EXECUTIVE COMPENSATION The information required by this item is incorporated herein by reference to the sections captioned “Executive Compensation ” and “Director Compensation” in the Proxy Statement. ​ ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS The information required by this item is incorporated herein by reference to the section captioned “Stock Ownership ” in the Proxy Statement. ​ ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE The information required by this item is incorporated herein by reference to the sections captioned “Proposal 1-Election of Directors,” “Policies and Procedures for Approval of Related Persons Transactions,” “Transactions with Related Persons,” and “ Corporate Governance” in the Proxy Statement. ​ 57 Table of Contents ​ ​ ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES The information required by this item is incorporated herein by reference to the section captioned “Proposal 3—Ratification of Appointment of Independent Registered Public Accounting Firm ” in the Proxy Statement. ​ 58 Table of Contents PART IV ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES ​ ​ ​ ​ (1) The financial statements required in response to this item are incorporated herein by reference from Item 8 of this Annual Report on Form 10-K. ​ (2) All financial statement schedules are omitted because they are not required or applicable, or the required information is shown in the consolidated financial statements or the notes thereto. ​ (3) Exhibits ​ ​ ​ ​ ​ No. Description Location ​ ​ ​ ​ ​ 3.1 Articles of Incorporation of NorthEast Community Bancorp, Inc. Incorporated herein by reference to Exhibit 3.1 to the Company’s Registration Statement on Form S-1 (File No. 333-253982), initially filed on March 8, 2021 ​ ​ ​ ​ ​ 3.2 Bylaws of NorthEast Community Bancorp, Inc. Incorporated herein by reference to Exhibit 3.2 to the Company’s Registration Statement on Form S-1 (File No. 333-253982), initially filed on March 8, 2021 ​ ​ ​ ​ ​ 4.0 Specimen Stock Certificate of NorthEast Community Bancorp, Inc. Incorporated herein by reference to Exhibit 4.0 to the Company’s Registration Statement on Form S-1 (File No. 333-253982), initially filed on March 8, 2021 ​ ​ ​ ​ ​ 4.1 Description of NorthEast Community Bancorp, Inc.’s Common Stock Registered Under Section 12 of the Securities Exchange Act of 1934 Incorporated herein by reference to Exhibit 4.1 to the Company’s Annual Report on Form 10-K for the Year Ended December 31, 2022 (File No. 001-40589), filed on March 30, 2023 ​ ​ ​ ​ ​ 10.1 Employment Agreement by and between NorthEast Community Bancorp, Inc., NorthEast Community Bank and Kenneth A. Martinek+ Incorporated herein by reference to Exhibit 10.1 to the Company’s Annual Report on Form 10-K for the Year Ended December 31, 2023 (File No. 001-40589), filed on March 28, 2024 ​ ​ ​ ​ ​ 10.2 Employment Agreement by and between NorthEast Community Bancorp, Inc., NorthEast Community Bank and Jose M. Collazo+ Incorporated herein by reference to Exhibit 10.2 to the Company’s Annual Report on Form 10-K for the Year Ended December 31, 2023 (File No. 001-40589), filed on March 28, 2024 ​ ​ ​ ​ ​ 10.3 Employment Agreement by and between NorthEast Community Bancorp, Inc., NorthEast Community Bank and Donald S. Hom+ Incorporated herein by reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the Quarter Ended June 30, 2023 (File No. 001-40589), filed on August 10, 2023 ​ ​ ​ ​ ​ 10.4 NorthEast Community Bank Supplemental Executive Retirement Plan+ Incorporated herein by reference to Exhibit 10.5 to the Company’s Registration Statement on Form S-1 (File No. 333-253982), initially filed on March 8, 2021 ​ ​ ​ ​ 59 Table of Contents ​ 10.5 NorthEast Community Bank Directors’ Deferred Compensation Plan, as amended and restated+ Incorporated herein by reference to Exhibit 10.6 to the Company’s Registration Statement on Form S-1 (File No. 333-253982), initially filed on March 8, 2021 ​ ​ ​ ​ ​ 10.6 NorthEast Community Bank Outside Director Retirement Plan+ Incorporated herein by reference to Exhibit 10.7 to the Company’s Registration Statement on Form S-1 (File No. 333-253982), initially filed on March 8, 2021 ​ ​ ​ ​ ​ 10.7 NorthEast Community Bancorp, Inc. Stock-Based Deferred Compensation Plan+ Incorporated herein by reference to Exhibit 10.8 to the Company’s Registration Statement on Form S-1 (File No. 333-253982), initially filed on March 8, 2021 ​ ​ ​ ​ ​ 10.8 ​ NorthEast Community Bancorp, Inc. 2022 Equity Incentive Plan+ Incorporated by reference to Appendix A to the Company’s Definitive Proxy Materials on Schedule 14A (File No. 001-40589), filed on August 19, 2022 ​ ​ ​ ​ ​ 19.1 NorthEast Community Bancorp, Inc. Policy Regarding Insider Trading Incorporated herein by reference to Exhibit 19.1 to the Company’s Annual Report on Form 10-K for the Year Ended December 31, 2024 (File No. 001-40589), filed on March 14, 2025 ​ ​ ​ ​ ​ 21.0 Subsidiaries Filed herewith ​ ​ ​ ​ ​ 23.1 Consent of S.R. Snodgrass, P.C. Filed herewith ​ ​ ​ ​ ​ 31.1 Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer Filed herewith ​ ​ ​ ​ ​ 31.2 Rule 13a-14(a)/15d-14(a) Certification of Chief Financial Officer Filed herewith ​ ​ ​ ​ ​ 32 Section 1350 Certification of Chief Executive Officer and Chief Financial Officer Filed herewith ​ ​ ​ ​ ​ 97 NorthEast Community Bancorp, Inc. Incentive-Compensation Recoupment Policy Incorporated herein by reference to Exhibit 97 to the Company’s Annual Report on Form 10-K for the Year Ended December 31, 2023 (File No. 001-40589), filed on March 28, 2024 ​ ​ ​ ​ ​ 101 The following materials from the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, formatted in inline XBRL (Extensible Business Reporting Language): (i) the Consolidated Statements of Financial Condition, (ii) the Consolidated Statements of Income, (iii) the Consolidated Statements of Comprehensive Income, (iv) the Consolidated Statement of Changes in Stockholders’ Equity, (v) the Consolidated Statements of Cash Flows and (vi) the Notes to the Consolidated Financial Statements. Filed herewith ​ ​ ​ ​ ​ 104 Cover Page Interactive Data File (formatted in iXBRL and contained in Exhibit 101) Filed herewith ​ ​ ​ ​ 60 Table of Contents ​ + Management contract or compensatory plan, contract or arrangement. ​ ​ ITEM 16. FORM 10-K SUMMARY Not applicable. ​ ​ 61 Table of Contents ​ ​ REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Stockholders and the Board of Directors of NorthEast Community Bancorp, Inc. ​ Opinion on the Financial Statements ​ We have audited the accompanying consolidated statement of financial condition of NorthEast Community Bancorp, Inc., and subsidiaries (the “Company”) as of December 31, 2025 and 2024, the related consolidated statements of income, comprehensive income, changes in stockholders’ equity, and cash flows for the years then ended, and the related notes to the consolidated financial statements (collectively, the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2025 and 2024, and the results of its operations and its cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States of America. ​ Basis for Opinion ​ These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent, with respect to the Company, in accordance with U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. ​ We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provides a reasonable basis for our opinion. /s/ S.R. Snodgrass, P.C. (PCAOB ID 000 74 ) We have served as the Company’s auditor since 2021. Cranberry Township, Pennsylvania March 13, 2026 ​ ​ F- 1 Table of Contents Northeast Community Bancorp, Inc. Consolidated Statements of Financial Condition ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ ​ ​ ​ 2025 ​ ​ ​ 2024 ​ ​ (In thousands, except share ​ ​ and per share amounts) ASSETS ​ ​ ​ ​ ​ ​ Cash and amounts due from depository institutions ​ $ 10,456 ​ $ 13,700 Interest-bearing deposits ​ 70,719 ​ 64,559 Total cash and cash equivalents ​ 81,175 ​ 78,259 Certificates of deposit ​ 100 ​ 100 Equity securities ​ 26,570 ​ 21,994 Securities held-to-maturity (net of allowance for credit losses of $ 126 and $ 126 , respectively) ​ 18,315 ​ 14,616 Loans receivable ​ 1,860,066 ​ 1,812,647 Deferred loan costs (fees), net ​ ​ 268 ​ ​ ( 49 ) Allowance for credit losses ​ ​ ( 4,731 ) ​ ​ ( 4,830 ) Net loans ​ ​ 1,855,603 ​ 1,807,768 Premises and equipment, net ​ 25,377 ​ 24,805 Investments in restricted stock, at cost ​ 410 ​ 397 Bank owned life insurance ​ 26,433 ​ 25,738 Accrued interest receivable ​ 12,228 ​ 13,481 Real estate owned ​ - ​ 5,120 Property held for investment ​ 1,334 ​ 1,370 Right of Use Assets – Operating ​ 4,656 ​ 4,001 Right of Use Assets – Financing ​ 343 ​ 347 Other assets ​ 10,964 ​ 11,585 Total assets ​ $ 2,063,508 ​ $ 2,009,581 LIABILITIES AND STOCKHOLDERS’ EQUITY ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ Deposits: ​ ​ ​ ​ Non-interest bearing ​ $ 271,924 ​ $ 287,135 Interest bearing ​ 1,344,977 ​ 1,383,240 Total deposits ​ 1,616,901 ​ 1,670,375 Advance payments by borrowers for taxes and insurance ​ 2,352 ​ 1,618 Borrowings ​ 70,000 ​ - Lease Liability – Operating ​ 4,796 ​ 4,108 Lease Liability – Financing ​ 434 ​ 609 Accounts payable and accrued expenses ​ 17,325 ​ 14,530 Total liabilities ​ 1,711,808 ​ 1,691,240 ​ ​ ​ ​ ​ ​ ​ F- 2 Table of Contents Northeast Community Bancorp, Inc. Consolidated Statements of Financial Condition (Continued) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ ​ ​ ​ 2025 ​ ​ ​ 2024 ​ ​ (In thousands, except share ​ ​ and per share amounts) 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; 13,963,432 shares and 14,016,254 shares outstanding, respectively ​ ​ 140 ​ ​ 140 Additional paid-in capital ​ 111,575 ​ ​ 110,091 Unearned Employee Stock Ownership Plan (“ESOP”) shares ​ ( 5,218 ) ​ ​ ( 6,088 ) Retained earnings ​ 244,970 ​ ​ 213,974 Accumulated other comprehensive income ​ 233 ​ ​ 224 Total stockholders’ equity ​ 351,700 ​ 318,341 Total liabilities and stockholders’ equity ​ $ 2,063,508 ​ $ 2,009,581 ​ See notes to consolidated financial statements. ​ F- 3 Table of Contents Northeast Community Bancorp, Inc. Consolidated Statements of Income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years Ended December 31, ​ ​ ​ ​ 2025 ​ ​ ​ 2024 ​ ​ (In thousands, except per share amounts) INTEREST INCOME: ​ ​ ​ ​ ​ Loans ​ $ 149,624 ​ $ 153,902 Interest-earning deposits ​ 3,370 ​ ​ 5,202 Securities ​ 1,124 ​ ​ 909 Total Interest Income ​ 154,118 ​ 160,013 INTEREST EXPENSE: ​ ​ ​ ​ Deposits ​ 49,719 ​ ​ 55,619 Borrowings ​ 3,625 ​ ​ 1,564 Financing lease ​ 39 ​ ​ 38 Total Interest Expense ​ 53,383 ​ 57,221 Net Interest Income ​ 100,735 ​ 102,792 (Reversal of) provision for credit loss ​ ( 99 ) ​ ​ 740 Net Interest Income after Provision for Credit Loss ​ 100,834 ​ 102,052 NON-INTEREST INCOME: ​ ​ ​ ​ Other loan fees and service charges ​ 2,714 ​ ​ 2,098 (Loss) gain on disposition of equipment ​ ( 6 ) ​ ​ 22 Earnings on bank owned life insurance ​ 695 ​ ​ 656 Unrealized gain (loss) on equity securities ​ 576 ​ ​ ( 109 ) Other ​ 114 ​ ​ 116 Total Non-Interest Income ​ 4,093 ​ 2,783 NON-INTEREST EXPENSES: ​ ​ ​ ​ Salaries and employee benefits ​ 23,184 ​ ​ 20,942 Occupancy expense ​ 2,992 ​ ​ 2,828 Equipment ​ 868 ​ ​ 890 Outside data processing ​ 3,078 ​ ​ 2,604 Advertising ​ 426 ​ ​ 418 Real estate owned expense ​ 845 ​ ​ 731 Other ​ 11,275 ​ ​ 10,649 Total Non-Interest Expenses ​ 42,668 ​ 39,062 INCOME BEFORE PROVISION FOR INCOME TAXES ​ 62,259 ​ 65,773 PROVISION FOR INCOME TAXES ​ 17,846 ​ ​ 18,699 NET INCOME ​ $ 44,413 ​ $ 47,074 ​ ​ ​ ​ ​ ​ ​ EARNINGS PER COMMON SHARE – BASIC ​ $ 3.35 ​ $ 3.58 EARNINGS PER COMMON SHARE – DILUTED ​ ​ 3.25 ​ ​ 3.52 WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING – BASIC ​ ​ 13,261 ​ ​ 13,136 WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING – DILUTED ​ ​ 13,659 ​ 13,359 ​ See notes to consolidated financial statements. ​ ​ ​ F- 4 Table of Contents Northeast Community Bancorp, Inc. Consolidated Statements of Comprehensive Income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years Ended December 31, ​ ​ 2025 ​ ​ ​ 2024 ​ ​ (In thousands) Net Income ​ $ 44,413 ​ $ 47,074 Other comprehensive income (loss): ​ ​ ​ ​ Defined benefit pension: ​ ​ ​ ​ Reclassification adjustments out of accumulated other comprehensive income: ​ ​ ​ ​ Amortization of actuarial gain ¹ ​ ( 25 ) ​ ( 41 ) Actuarial gain (loss) arising during period ​ 39 ​ ( 88 ) Total ​ 14 ​ ( 129 ) Income tax (effect) benefit ² ​ ( 5 ) ​ ​ 36 Total other comprehensive income (loss) ​ 9 ​ ( 93 ) Total Comprehensive Income ​ $ 44,422 ​ $ 46,981 (1) Amounts are included in other expenses in the audited consolidated statements of income as part of net periodic pension cost. See Note 16 for further information. (2) Amounts are included in provision for income taxes in the audited consolidated statements of income. ​ See notes to consolidated financial statements. ​ ​ F- 5 Table of Contents Northeast Community Bancorp, Inc. Consolidated Statements of Changes in Stockholders’ Equity Years Ended December 31, 2025 and 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Additional ​ ​ ​ ​ ​ ​ ​ Other ​ ​ ​ ​ ​ Number of ​ Common ​ Paid- in ​ Unearned ​ Retained ​ Comprehensive ​ ​ ​ ​ ​ ​ ​ Shares ​ ​ ​ Stock ​ ​ ​ Capital ​ ​ ​ ESOP Shares ​ ​ ​ Earnings ​ ​ ​ Income ​ ​ ​ Total ​ ​ (In thousands, except share and per share amounts) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance – December 31, 2024 ​ ​ 14,016,254 ​ $ 140 ​ $ 110,091 ​ $ ( 6,088 ) ​ $ 213,974 ​ $ 224 ​ $ 318,341 Net income ​ — ​ — ​ — ​ — ​ 44,413 ​ — ​ 44,413 Other comprehensive income ​ — ​ — ​ — ​ — ​ — ​ 9 ​ 9 Cash dividend declared ($ 1.00 per share) ​ — ​ — ​ — ​ — ​ ( 13,404 ) ​ — ​ ( 13,404 ) Stock Repurchases ​ ​ ( 94,742 ) ​ ​ — ​ ​ ( 1,581 ) ​ ​ — ​ ​ — ​ ​ — ​ ​ ( 1,581 ) Restricted stock award ​ ​ 7,440 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Stock option exercise ​ ​ 34,480 ​ ​ — ​ ​ — ​ ​ ​ ​ ​ — ​ ​ — ​ ​ — Compensation expense related to restricted stock awards ​ ​ — ​ ​ — ​ ​ 1,195 ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,195 Compensation expense related to stock options ​ ​ — ​ ​ — ​ ​ 792 ​ ​ — ​ ​ — ​ ​ — ​ ​ 792 ESOP shares earned ​ — ​ — ​ 1,078 ​ 870 ​ ( 13 ) ​ — ​ 1,935 Balance – December 31, 2025 ​ ​ 13,963,432 ​ $ 140 ​ $ 111,575 ​ $ ( 5,218 ) ​ $ 244,970 ​ $ 233 ​ $ 351,700 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Additional ​ ​ ​ ​ ​ ​ ​ Other ​ ​ ​ ​ ​ Number of ​ Common ​ Paid- in ​ Unearned ​ Retained ​ Comprehensive ​ ​ ​ ​ ​ ​ ​ Shares ​ ​ ​ Stock ​ ​ ​ Capital ​ ​ ​ ESOP Shares ​ ​ ​ Earnings ​ ​ ​ Income (Loss) ​ ​ ​ Total ​ ​ (In thousands, except share and per share amounts) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance – December 31, 2023 ​ ​ 14,144,856 ​ $ 142 ​ $ 109,924 ​ $ ( 6,563 ) ​ $ 175,505 ​ $ 317 ​ $ 279,325 Net income ​ — ​ — ​ — ​ — ​ 47,074 ​ — ​ 47,074 Other comprehensive loss ​ — ​ — ​ — ​ — ​ — ​ ( 93 ) ​ ( 93 ) Cash dividend declared ($ 0.65 per share) ​ — ​ — ​ — ​ — ​ ( 8,662 ) ​ — ​ ( 8,662 ) Stock Repurchases ​ ​ ( 195,803 ) ​ ​ ( 2 ) ​ ​ ( 3,198 ) ​ ​ — ​ ​ — ​ ​ — ​ ​ ( 3,200 ) Restricted stock award ​ ​ 30,000 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Stock option exercise ​ ​ 37,201 ​ ​ — ​ ​ 14 ​ ​ ​ ​ ​ — ​ ​ — ​ ​ 14 Compensation expense related to restricted stock awards ​ ​ — ​ ​ — ​ ​ 1,199 ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,199 Compensation expense related to stock options ​ ​ — ​ ​ — ​ ​ 845 ​ ​ — ​ ​ — ​ ​ — ​ ​ 845 ESOP shares earned ​ — ​ — ​ 1,307 ​ 475 ​ 57 ​ — ​ 1,839 Balance – December 31, 2024 ​ ​ 14,016,254 ​ $ 140 ​ $ 110,091 ​ $ ( 6,088 ) ​ $ 213,974 ​ $ 224 ​ $ 318,341 ​ ​ See notes to consolidated financial statements. F- 6 Table of Contents Northeast Community Bancorp, Inc. Consolidated Statements of Cash Flows ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years Ended December 31, ​ ​ ​ ​ 2025 ​ ​ ​ 2024 ​ ​ (In thousands) Cash Flows from Operating Activities: ​ ​ ​ ​ ​ Net income ​ $ 44,413 ​ $ 47,074 Adjustments to reconcile net income to net cash provided by operating activities: ​ ​ ​ ​ Net amortization of securities premiums and discounts, net ​ 5 ​ ​ 6 (Reversal of) provision for credit losses ​ ( 99 ) ​ ​ 740 Depreciation ​ 1,169 ​ ​ 1,186 Net accretion of deferred loan fees and costs ​ ( 372 ) ​ ​ ( 149 ) Deferred income tax expense (benefit) ​ 326 ​ ​ ( 467 ) Unrealized (gain) loss on equity securities ​ ( 576 ) ​ ​ 109 Impairment of real estate owned ​ 222 ​ ​ 689 Loss on sale of real estate owned ​ ​ 272 ​ ​ - Earnings on bank owned life insurance ​ ( 695 ) ​ ​ ( 656 ) Loss (gain) on dispositions of premises and equipment ​ 6 ​ ​ ( 22 ) ESOP compensation expense ​ 1,935 ​ ​ 1,839 Compensation expense related to stock options ​ ​ 792 ​ ​ 845 Compensation expense related to restricted stock ​ ​ 1,195 ​ ​ 1,199 Decrease (increase) in accrued interest receivable ​ 1,253 ​ ​ ( 1,170 ) Increase in other assets ​ ( 320 ) ​ ​ ( 2,526 ) Decrease in accounts payable - loan closing ​ ( 28 ) ​ ​ ( 125 ) Increase in accounts payable and accrued expenses ​ 3,090 ​ ​ 114 Net Cash Provided by Operating Activities ​ 52,588 ​ 48,686 Cash Flows from Investing Activities: ​ ​ ​ ​ Net increase in loans ​ ( 43,904 ) ​ ( 243,069 ) Proceeds from sale of loans ​ 1,066 ​ 11,817 Proceeds from sale of real estate owned ​ ​ 273 ​ ​ — Principal repayments on securities held-to-maturity ​ 1,096 ​ 1,249 Purchase of marketable equity securities ​ ( 4,000 ) ​ ( 4,000 ) Purchase of securities held-to-maturity ​ ​ ( 4,800 ) ​ ​ — Purchase of FHLB stock ​ ​ ( 688 ) ​ ​ ( 98 ) Redemption of FHLB stock ​ 675 ​ 630 Purchases of premises and equipment ​ ( 1,747 ) ​ ( 517 ) Net Cash Used in Investing Activities ​ ( 52,029 ) ​ ( 233,988 ) Cash Flows from Financing Activities: ​ ​ ​ ​ Net (decrease) increase in deposits ​ ( 53,474 ) ​ 270,339 Net proceeds (repayments) from borrowings ​ ​ 70,000 ​ ​ ( 64,000 ) Stock repurchases ​ ​ ( 1,581 ) ​ ​ ( 3,200 ) Stock option exercised ​ ​ — ​ ​ 14 Increase (decrease) in advance payments by borrowers for taxes and insurance ​ ​ 734 ​ ( 402 ) Cash dividends paid ​ ​ ( 13,322 ) ​ ( 7,861 ) Net Cash Provided by Financing Activities ​ 2,357 ​ 194,890 Net Increase in Cash and Cash Equivalents ​ 2,916 ​ 9,588 Cash and Cash Equivalents – Beginning ​ 78,259 ​ 68,671 Cash and Cash Equivalents – Ending ​ $ 81,175 ​ $ 78,259 ​ See notes to consolidated financial statements. ​ F- 7 Table of Contents Northeast Community Bancorp, Inc. Consolidated Statements of Cash Flows (Continued) ​ ​ ​ ​ ​ ​ ​ ​ ​ Years Ended December 31, ​ ​ ​ ​ 2025 ​ ​ ​ 2024 ​ ​ (In thousands) Supplementary Cash Flows Information: ​ ​ ​ ​ ​ Income taxes paid: ​ ​ ​ ​ ​ ​ Federal ​ $ 11,000 ​ $ 14,000 State and local¹ ​ ​ 4,442 ​ ​ 8,109 Total income taxes paid ​ $ 15,442 ​ $ 22,109 Interest paid ​ $ 52,323 ​ $ 56,579 Supplementary Disclosure of Non-Cash Investing and Financing Activities: ​ ​ ​ ​ Recognition of right of use asset – operating ​ $ 1,537 ​ $ — Recognition of lease liability – operating ​ $ 1,537 ​ $ — Recognition of real estate owned ​ $ — ​ $ 4,353 Sale of real estate owned ​ $ 4,353 ​ $ — Dividends declared and not paid ​ $ 2,793 ​ $ 2,102 (1) For the years presented New York State, New York City, and Massachusetts make up 100% of the tax effect in this category. ​ See notes to consolidated financial statements. ​ ​ ​ F- 8 Table of Contents Northeast Community Bancorp, Inc. Notes to Consolidated Financial Statements Note 1 - Summary of Significant Accounting Policies The following is a description of the Company’s business and significant accounting and reporting policies: Nature of Business: Northeast Community Bancorp, Inc. (the “Company”) is a Maryland corporation that was incorporated in May 2021 to be the successor to NorthEast Community Bancorp, Inc., a federally chartered corporation (the “Mid-Tier Holding Company”), upon completion of the second-step conversion of NorthEast Community Bank (the “Bank”) from the two-tier mutual holding company structure to the stock holding company structure. NorthEast Community Bancorp, MHC was the former mutual holding company for the Mid-Tier Holding Company prior to the completion of the second-step conversion. In conjunction with the second-step conversion, each of NorthEast Community Bancorp, MHC and the Mid-Tier Holding Company merged out of existence and now cease to exist. The Bank is a New York State-chartered savings bank and the Company’s primary activity is the ownership and operation of the Bank. The Bank is headquartered in White Plains, New York. The Bank was founded in 1934 and is a community oriented financial institution dedicated to serving the financial services needs of individuals and businesses within its market area. The Bank currently 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 White Plains, New York, New City, New York and Danvers, Massachusetts. The Bank’s principal business consists of originating primarily construction loans and, to a lesser extent, commercial and industrial loans, and multifamily and mixed-use residential real estate loans and non-residential real estate loans. The Bank offers a variety of retail deposit products to the general public in the areas surrounding its main office and its branch offices, with interest rates that are competitive with those of similar products offered by other financial institutions operating in its market area. The Bank also utilizes borrowings as a source of funds. The Bank’s revenues are derived primarily from interest on loans and, to a lesser extent, interest on investment securities and mortgage-backed securities. The Bank also generates revenues from other income including deposit fee and service charges. New England Commercial Properties LLC (“NECP”), a New York limited liability company and wholly owned subsidiary of the Bank, was formed in October 2007 to facilitate the purchase or lease of real property by the Bank. New England Commercial Properties, LLC owned one foreclosed property located in Pennsylvania that was sold in December 2025. NECB Financial Services Group, LLC (“NECB Financial”), a New York limited liability company and wholly owned subsidiary of the Bank, was formed in the third quarter of 2012 as a complement to Harbor West Wealth Management Group to sell life insurance and fixed rate annuities. NECB Financial is licensed in New York State. We terminated our license in Connecticut on February 22, 2024 due to the sale of all the Bank’s assets relating to Harbor West Wealth Management Group to a third party in January 2024. This subsidiary is currently inactive. ​ F- 9 Table of Contents Northeast Community Bancorp, Inc. Notes to Consolidated Financial Statements Note 1 - Summary of Significant Accounting Policies (continued) 72 West Eckerson LLC (“72 West Eckerson”), a New York limited liability company and wholly owned subsidiary of the Bank, was formed in April 2015 to facilitate the purchase or lease of real property by the Bank and currently owns the Bank branch locations in Spring Valley, New York and Monroe, New York. 166 Route 59 Realty LLC (“166 Route 59 Realty”), a New York limited liability company and wholly owned subsidiary of the Bank, was formed in April 2021 to facilitate the purchase or lease of real property by the Bank and currently owns the Bank branch located in Airmont, New York. 3 Winterton Realty LLC, a New York limited liability company and wholly owned subsidiary of the Bank, was formed in October 2021 to facilitate the purchase or lease of real property by the Bank and currently owns the property for a Bank branch located in Bloomingburg, New York. NECB Real Estate LLC (“NECB Real Estate”), a New York limited liability company and wholly owned subsidiary of the Bank, was formed in October 2024 to facilitate the purchase or lease of real property by the Bank. NECB Real Estate owned one foreclosed property located in the Bronx, New York prior to the property’s disposition in June 2025. Principles of Consolidation: The consolidated financial statements include the accounts of the Company, the Bank, NECP, NECB Financial, 72 West Eckerson, 166 Route 59 Realty, 3 Winterton Realty LLC, and NECB Real Estate (collectively the “Company”) and have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”). All significant inter-company accounts and transactions have been eliminated in consolidation. The accounting and reporting policies of the Company and its subsidiaries conform to accounting principles generally accepted in the United States of America (“U.S. GAAP”) and to the rules and regulations of the Securities and Exchange Commission (the “SEC”), including the instructions to Form 10-K and Article 10 of Regulation S-X. When necessary, certain reclassifications were made to prior year amounts to conform with current year presentation. Use of Estimates: The preparation of consolidated financial statements, in conformity with U.S. GAAP, requires management to make estimates and assumptions that affect certain recorded amounts and disclosures. Accordingly, actual results could differ from those estimates. The most significant estimate pertains to the allowance for credit losses. The borrowers’ abilities to meet contractual obligations and collateral value are the most significant assumptions used to arrive at the estimate. The risks associated with such estimates arise when unforeseen conditions affect the borrowers’ abilities to meet the contractual obligations of the loan and result in a decline in the value of the supporting collateral. Such unforeseen changes may have an adverse effect on the consolidated results of operations and financial position of the Company. In addition, various regulatory agencies, as an integral part of their examination process, periodically review the Company’s allowance for credit losses. Such agencies may require the Company to recognize additions to the allowance based on their judgments about information available to them at the time of their examination. Cash and Cash Equivalents: Cash and cash equivalents include cash and amounts due from depository institutions and interest-bearing deposits in other banks, all with original maturities of 90 days or less. ​ F- 10 Table of Contents Northeast Community Bancorp, Inc. Notes to Consolidated Financial Statements Note 1 - Summary of Significant Accounting Policies (continued) Securities: The Company classifies its debt securities as held to maturity or available for sale at the time of purchase. Held to maturity securities are those debt securities which management has the intent and the Company has the ability to hold to maturity and are reported at amortized cost. Available-for-sale securities are those debt securities which are neither held to maturity securities nor trading securities and are reported at fair value, with unrealized gains and losses, net of the related income tax effect, excluded from earnings and reported in a separate component of stockholders’ equity. Premiums and discounts on all securities are generally amortized or accreted to the maturity date utilizing the level-yield method taking into consideration the impact of principal amortization and prepayments, as applicable. Gain or loss on sales of securities is based on the specific identification method. Under ASC 326, for available-for-sale securities in an unrealized loss position, the Company first assesses whether it intends to sell, or it is more than likely than not that it will be required to sell the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security’s amortized cost basis is written down to fair value through income. For securities available-for-sale that do not meet the above criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, the Company considers the extent to which fair value is less than amortized cost, any changes to the rating by a rating agency, and adverse conditions related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of the cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income, net of tax. The Company elected the practical expedient of zero loss estimates for securities issued by U.S. government entities and agencies. These securities are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major agencies and have a long history of no credit losses. Under ASC 326, changes in the allowance for credit losses are recorded as provision for, or reversal of, credit loss expense. Losses are charged against the allowance when management believes the uncollectibility of an available for sale security is confirmed or when either of the criteria regarding intent or requirement to sell is met. Equity securities are carried at fair value with changes in fair value reported in income. Loans Receivable: Loans are stated at unpaid principal balances plus net deferred loan origination fees and costs less an allowance for credit losses. Interest on loans receivable is recorded on the accrual basis. An allowance for uncollected interest is established on loans where management has determined that the borrowers may be unable to meet contractual principal and/or interest obligations or where interest or principal is 90 days or more past due unless the loans are well secured with a reasonable expectation of collection. When a loan is placed on nonaccrual, an allowance for uncollected interest is established and charged against current income. Thereafter, interest income is not recognized unless the financial condition and payment record of the borrower warrant the recognition of interest income. Generally, loans are restored to accrual status when the obligation is brought current, has performed in accordance with the contractual terms for a reasonable period of time (generally six months) and the ultimate collectability of the total contractual principal and interest is no longer in doubt. Interest on loans that have been restructured is accrued according to the renegotiated terms. Net loan origination fees and costs are deferred and amortized into interest income over the contractual lives of the related loans by use of the level yield method. Past due status of loans is based upon the contractual due date. F- 11 Table of Contents Northeast Community Bancorp, Inc. Notes to Consolidated Financial Statements Note 1 - Summary of Significant Accounting Policies (continued) Prepayment penalties received on loans which pay in full prior to the scheduled maturity are included in interest income in the period the prepayment penalties are collected. Allowance for Credit Losses - Loans The allowance for credit losses related to loans is a valuation reserve established and maintained by charges against income and is deducted from the amortized cost basis of loans to present the net amount expected to be collected on the loans. Loans, or portions thereof, are charged off against the ACL when they are deemed uncollectible. Expected recoveries do not exceed the aggregate of amounts previously charged-off and expected to be charged-off. The ACL is an estimate of expected credit losses, measured over the contractual life of a loan, that considers our historical loss experience, current conditions and forecasts of future economic conditions. Determination of an appropriate ACL is inherently subjective and may have significant changes from period to period. The methodology for determining the ACL has two main components: evaluation of expected credit losses for certain groups of homogeneous loans that share similar risk characteristics and evaluation of loans that do not share risk characteristics with other loans. The allowance for credit losses related to loans is measured on a collective (pool) basis when similar risk characteristics exist. If the risk characteristics of a loan change, such that they are no longer similar to other loans in the pool, the Company will evaluate the loan with a different pool of loans that share similar risk characteristics. If the loan does not share risk characteristics with other loans, the Company will evaluate the loan on an individual basis. The Company evaluates the pooling methodology at least annually. Loans are charged off against the allowance for credit losses related to loans when the Company believes the balances to be uncollectible. Expected recoveries do not exceed the aggregate of amounts previously charged off or expected to be charged off. The Company has chosen to segment its portfolio consistent with the manner in which it manages credit risk. Such segments include residential real estate, non-residential real estate, construction, commercial and industrial business, and consumer. For most segments, the Company calculates estimated credit losses using a probability of default and loss given default methodology, the results of which are applied to each individual loan within the segment. The point in time probability of default and loss given default are then conditioned by macroeconomic scenarios to incorporate reasonable and supportable forecasts that affect the collectability of the reported amount. The Company estimates the allowance for credit losses related to loans via a quantitative analysis which considers relevant available information from internal and external sources related to past events and current conditions, as well as the incorporation of reasonable and supportable forecasts. The Company evaluates a variety of factors including third party economic forecasts, industry trends and other available published economic information in arriving at its forecasts. Expected credit losses are estimated over the contractual term of the loans, adjusted for expected prepayments when appropriate. The contractual term excludes expected extensions, renewals, and modifications. Also included in the allowance for credit losses related to loans are qualitative reserves to cover losses that are expected but, in the Company’s assessment, might not be adequately represented in the quantitative analysis or the forecasts described above. Factors that the Company considers include changes in lending policies and procedures, business conditions, the nature and size of the portfolio, portfolio concentrations, the volume and severity of past due loans and non-accrual loans, the effect of external factors such as competition, legal and regulatory requirements, among others. Qualitative loss factors are applied to each portfolio segment with the amounts judgmentally determined by the relative risk to the most severe loss periods identified in the historical loan charge-offs of the Company. The Company has elected to exclude accrued interest receivable from the measurement of its ACL. When a loan is placed on non-accrual status, any outstanding accrued interest is reversed against interest income. F- 12 Table of Contents Northeast Community Bancorp, Inc. Notes to Consolidated Financial Statements Note 1 - Summary of Significant Accounting Policies (continued) On a case-by-case basis, the Company may conclude that a loan should be evaluated on an individual basis based on the loan’s disparate risk characteristics. When the Company determines that a loan no longer shares similar risk characteristics with other loans in the portfolio, the allowance will be determined on an individual basis using the present value of expected cash flows or, the loan’s observable market price or, for collateral-dependent loans, the fair value of the collateral as of the reporting date, less estimated selling costs, as applicable. If the fair value of the collateral is less than the amortized cost basis of the loan, the Company will charge off the difference between the fair value of the collateral, less costs to sell at the reporting date and the amortized cost basis of the loan. Allowance for Credit Losses – Held-to-Maturity Debt Securities The allowance for credit losses related to held-to-maturity debt securities is a valuation reserve established and maintained by charges against income and is deducted from the amortized cost basis of held-to-maturity debt securities to present the net amount expected to be collected on the held-to-maturity debt securities. Losses, or portions thereof, are charged off against the ACL when they are deemed uncollectible. Expected recoveries do not exceed the aggregate of amounts previously charged-off and expected to be charged-off. The Company has elected to exclude accrued interest receivable from the measurement of its ACL. When an investment is placed on non-accrual status, any outstanding accrued interest is reversed against interest income. Allowance for Credit Losses Related to Off-Balance Sheet Credit Exposures The Company estimates expected credit losses over the contractual period in which the Company is exposed to credit risk via a contractual obligation to extend credit unless that obligation is unconditionally cancellable by the Company. The allowance for credit losses related to off-balance sheet credit exposures is adjusted through credit loss expense. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life. Based on management’s comprehensive analysis of the credit portfolio, management believes the allowance for credit losses is appropriate as of December 31, 2025 and 2024, respectively. Concentration of Risk: The Company’s lending activity is concentrated in construction loans secured by the construction primarily of multi-family, residential condominium properties, and occasionally non-residential properties located in New York State and occasionally by the renovation of multi-family properties in Massachusetts. As of December 31, 2025 and 2024, the Company had majority of construction loans located in New York state, including $ 567.8 million and $ 708.5 million in the Bronx, $ 278.8 million and $ 246.4 million in the Town of Monroe, $ 89.4 million and $ 112.4 million in the Hamlet of Monsey, and $ 103.0 million and $ 141.6 million in the Village of Spring Valley. The Company also had deposits in excess of the FDIC insurance limit at other financial institutions. At December 31, 2025 and 2024, such deposits totaled $ 62.1 million and $ 51.0 million held by the Federal Reserve Bank of New York, $ 10.0 million and $ 12.1 million held by the Federal Home Loan Bank of New York, and $ 729,000 and $ 707,000 held by Atlantic Community Bankers Bank (“ACBB”). Generally, deposits in excess of $250,000 are not insured by the FDIC. ​ F- 13 Table of Contents Northeast Community Bancorp, Inc. Notes to Consolidated Financial Statements Note 1 - Summary of Significant Accounting Policies (continued) Premises and Equipment: Land is stated at cost. Buildings and improvements, leasehold improvements and furnishings and equipment are stated at cost less accumulated depreciation and amortization computed on the straight-line method over the following useful lives: ​ ​ ​ ​ ​ ​ ​ ​ Years Buildings 30  –  50 Building improvements 10  –  50 Leasehold improvements 1  –  15 Furnishings and equipment 3  –  7 ​ Maintenance and repairs are charged to operations in the years incurred. Property and equipment are evaluated for impairment periodically whenever events or changes in circumstances indicate that their related carrying amounts may not be recoverable. In evaluating property and equipment for recoverability, we use our best estimate of future cash flows expected to result from the use of the asset and its eventual disposition. To the extent that estimated future undiscounted net cash flows attributable to the asset are less than the carrying amount, an impairment loss is recognized equal to the difference between the carrying value of such asset and its fair value. The Company did not have impairment recorded for property and equipment in 2025 and 2024. Bank Owned Life Insurance (“BOLI”): The Company owns life insurance on the lives of certain of its officers. The cash surrender value is recorded as an asset and the change in cash surrender value is included in non-interest income and is tax-exempt. The BOLI can be liquidated, if necessary, with tax consequences. However, the Company intends to hold these policies and, accordingly, the Company has not provided for deferred income taxes on the earnings from the increase in cash surrender value. Investments in Restricted Stock: Federal law requires a member institution of the Federal Home Loan Bank (“FHLB”) system to hold stock of its district FHLB according to a predetermined formula. The Company also owns restricted stock in Atlantic Community Bancshares, Inc. (ACBI), holding company of ACBB, a correspondent banker’s bank. These stocks are carried at cost. At December 31, 2025 and 2024, the Company had $ 340,000 and $ 327,000 in FHLB stock, and $ 70,000 and $ 70,000 in ACBB stocks. Real Estate Owned: Real estate owned is carried at the lower of cost or fair value of the related property, as determined by current appraisals less estimated costs to sell. Foreclosed real estate is initially recorded at the fair value of property acquired minus estimated costs to sell at the date of foreclosure, establishing a new cost basis. Write-downs on these properties, which occur after the initial transfer from the loan portfolio, are recorded as operating expenses. Costs of holding such properties are charged to non-interest expense in the current period. Gains, to the extent allowable, and losses on the disposition of these properties are reflected in the real estate owned expense in the consolidated statement of income. The Company sold all real estate owned in 2025 resulting in a zero balance at December 31, 2025. Total write-downs and loss of sales amounted to $ 845,000 in 2025. In 2024, the Company wrote down $ 689,000 due to a decrease in the estimated fair value of a foreclosed property located in Pittsburgh, Pennsylvania. ​ ​ F- 14 Table of Contents Northeast Community Bancorp, Inc. Notes to Consolidated Financial Statements Note 1 - Summary of Significant Accounting Policies (continued) Property Held for Investment: Land is stated at cost. Buildings and improvements are stated at cost less accumulated depreciation computed on the straight-line method over the useful lives between 30 to 50 years for buildings and 10 to 50 years for building improvements. Property held for investment is evaluated for impairment periodically whenever events or changes in circumstances indicate that their related carrying amounts may not be recoverable. In evaluating property held for investment for recoverability, we use our best estimate of future cash flows expected to result from the use of the asset and its eventual disposition. To the extent that estimated future undiscounted net cash flows attributable to the asset are less than the carrying amount, an impairment loss is recognized equal to the difference between the carrying value of such asset and its fair value. The Company did not have impairment recorded for property held for investment in 2025 and 2024. Income Taxes: The Company files a consolidated federal income tax return. Income taxes are allocated to the Company, Bank, NECP, and NECB Financial based upon their respective income or loss included in the consolidated income tax return. The Company, the Bank, NECP, and NECB Financial file combined or separate state and city income tax returns depending on the particular requirements of each jurisdiction. Federal, state and city income tax expense has been provided on the basis of reported income. The amounts reflected on the tax returns differ from these provisions due principally to temporary differences in the reporting of certain items for financial reporting and income tax reporting purposes. The tax effect of these temporary differences is accounted for as deferred taxes applicable to future periods. Deferred income tax expense or benefit is determined by recognizing deferred tax assets and liabilities for the estimated future tax consequences attributable to differences between the consolidated financial statement carrying amounts of existing assets and liabilities and their respective tax base. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in earnings in the period that includes the enactment date. The realization of deferred tax assets is assessed and a valuation allowance provided, when necessary, for that portion of the asset, which is not more likely than not to be realized. The Company accounts for uncertainty in income taxes recognized in its consolidated financial statements in accordance with ASC Topic 740, “Income Taxes”, which prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return, and also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. The Company has not identified any significant income tax uncertainties through the evaluation of its income tax positions for the years ended December 31, 2025 and 2024, and has not recognized any liabilities for tax uncertainties as of December 31, 2025 and 2024. The Company’s policy is to recognize income tax related interest and penalties in income tax expense; there were no such amounts during the years ended December 31, 2025 and 2024. The tax years subject to examination by federal, state, and city taxing authorities are 2022 through 2025. Other Comprehensive Income (Loss): The Company records in accumulated other comprehensive income (loss), net of related deferred income taxes, unrealized gains and losses on available for sale securities and the prior service cost and actuarial gains and losses related to the Outside Directors Retirement Plan (“DRP”) that have not yet been recognized in expense. ​ F- 15 Table of Contents Northeast Community Bancorp, Inc. Notes to Consolidated Financial Statements Note 1 - Summary of Significant Accounting Policies (continued) Gains and losses on the sale of securities, if any, are reclassified to non-interest income upon the sale of the related securities or upon the recognition of a security impairment loss and a portion of the prior service cost and actuarial gains and losses of the DRP are reclassified to non-interest expense. At December 31, 2025, accumulated other comprehensive income totaled $ 233,000 and included $ 302,000 in prior service cost and actuarial gains of the DRP net of $ 69,000 of related deferred income benefits. At December 31, 2024, accumulated other comprehensive income totaled $ 224,000 and included $ 296,000 in prior service cost and actuarial gains of the DRP net of $ 72,000 of related deferred income taxes. Earnings per Share: Basic earnings per share is calculated by dividing the net income available to common stockholders by the weighted-average number of common shares outstanding during the period less any unvested restricted shares. Unallocated common shares held by the Employee Stock Ownership Plan (“ESOP”) are not included in the weighted-average number of common shares outstanding for purposes of calculating basic net income per common share until they are committed to be released. Diluted earnings per share reflects additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate to outstanding stock options and are determined using the treasury stock method. Stockholders’ Equity: The authorized capital stock of the Company under its federal charter consists of 75,000,000 shares of common stock, par value of $ 0.01 per share, and 25,000,000 shares of preferred stock, par value of $ 0.01 per share. Each share of common stock has the same relative rights as, and is identical in all respects with, each other share of common stock. At December 31, 2025 and 2024, the Company has issued and outstanding 13,963,432 and 14,016,254 shares of common stock. The Company has not issued any preferred stock. Employee Stock Ownership Plan (ESOP): The cost of shares issued to the ESOP, but not yet allocated to participants, is shown as a reduction of shareholders’ equity. Compensation expense is based on the market price of shares as they are committed to be released to participant accounts. Dividends on allocated ESOP shares are recorded as a reduction of retained earnings. Dividends on unallocated ESOP shares are recorded as a reduction of the ESOP loan. Restricted Stock: The Company recognizes compensation expense for the fair value of the restricted stock on a straight-line basis over the requisite service period for the entire award. The product of the number of shares granted and the grant date market price of the Company’s common stock determines the fair value of restricted stock under the Company’s 2022 Equity Incentive Plan. Stock Option Plan: The Company recognizes the value of share-based payment transactions as compensation costs in the financial statements over the period that an employee provides service in exchange for the award. The fair value of the share-based payments for stock options is estimated using the Black-Scholes option-pricing model on the grant date. The Company accounts for forfeitures as they occur. ​ ​ F- 16 Table of Contents Northeast Community Bancorp, Inc. Notes to Consolidated Financial Statements Note 1 - Summary of Significant Accounting Policies (continued) Stock Repurchases: The Company records common stock repurchases at cost and retires the common shares with a charge to common stock and additional paid-in capital. Segment Information: While the chief decision-makers monitor the revenue streams of the various products and services, operations are managed, and financial performance is evaluated on a Company-wide basis. Operating segments are aggregated into one as operating results for all segments are similar. Accordingly, all of the financial service operations are considered by management to be aggregated in one reportable operating segment. Off-Balance-Sheet Financial Instruments: In the ordinary course of business, the Company enters into off-balance-sheet financial instruments consisting of commitments to extend credit. Such financial instruments are recorded in the Consolidated Statements of Financial Condition when funded. ​ Note 2 – Mutual Holding Company Reorganization and Regulatory Matters On July 5, 2006, the Bank reorganized from a mutual savings bank to a mutual holding company structure. In the reorganization, the Company sold 5,951,250 shares of its common stock to the public and issued 7,273,750 shares of its common stock to Northeast Community Bancorp, MHC (“MHC”). As disclosed in note 1, in conjunction with the completion of the second-step conversion on July 12, 2021, each of NorthEast Community Bancorp, MHC and the Mid-Tier Holding Company merged out of existence and now cease to exist. The Federal Deposit Insurance Corporation (“FDIC”) and the New York State Department of Financial Services (“NYS”) are the Bank’s primary regulator. Under New York State Banking Law, New York state-chartered stock-form savings banks may declare and pay dividends out of their net profits, unless there is an impairment of capital, but approval of the NYS Superintendent is required if the total of all dividends declared by the bank in a calendar year would exceed the total of its net profits for that year combined with its retained net profits for the preceding two years less prior dividends paid. The FDIC also has authority to use its enforcement powers to prohibit a savings bank from paying dividends if, in its opinion, the payment of dividends would constitute an unsafe and unsound practice. The Company and the Bank are subject to regulatory capital requirements promulgated by the federal banking agencies. The Federal Reserve establishes capital requirements, including well capitalized standards, for the consolidated bank holding company, and the FDIC has similar requirements for the Company’s subsidiary bank. However, the Federal Reserve has provided a “small bank holding company” exception to its consolidated capital requirements for holding companies, and legislation and the related issuance of regulations by the Federal Reserve Board have established the current threshold for the exception at $3.0 billion. As a result, the Company will not be subject to the consolidated holding company capital requirement until such time as its consolidated assets exceed $3.0 billion. The Bank met all capital adequacy requirements to which it was subject as of December 31, 2025 and December 31, 2024. F- 17 Table of Contents Northeast Community Bancorp, Inc. Notes to Consolidated Financial Statements Note 2 – Mutual Holding Company Reorganization and Regulatory Matters (continued) The following table presents information about the Bank’s capital levels at the dates presented: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Regulatory Capital Requirements ​ ​ ​ ​ ​ ​ ​ Minimum Capital ​ For Classification as ​ ​ Actual ​ Adequacy (1) ​ Well-Capitalized ​ ​ ​ ​ Amount ​ ​ ​ Ratio ​ ​ ​ Amount ​ ​ ​ ​ Ratio ​ ​ ​ Amount ​ ​ ​ ​ Ratio ​ ​ (Dollars in Thousands) As of December 31, 2025: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total capital (to risk-weighted assets) ​ $ 339,973 ​ 15.62 % $ ≥ 174,106 ≥ 8.00 % $ ≥ 217,632 ≥ 10.00 % Tier 1 capital (to risk-weighted assets) ​ 334,266 ​ 15.36 ​ ≥ 130,579 ≥ 6.00 ​ ≥ 174,106 ≥ 8.00 ​ Common equity tier 1 capital (to risk-weighted assets) ​ 334,266 ​ 15.36 ​ ≥ 97,934 ≥ 4.50 ​ ≥ 141,461 ≥ 6.50 ​ Core (Tier 1) capital (to adjusted total assets) ​ 334,266 ​ 16.39 ​ ≥ 81,556 ≥ 4.00 ​ ≥ 101,945 ≥ 5.00 ​ As of December 31, 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total capital (to risk-weighted assets) ​ $ 290,903 13.92 % $ ≥ 167,154 ≥ 8.00 % $ ≥ 208,942 ≥ 10.00 % Tier 1 capital (to risk-weighted assets) ​ 285,272 13.65 ​ ≥ 125,365 ≥ 6.00 ​ ≥ 167,154 ≥ 8.00 ​ Common equity tier 1 capital (to risk-weighted assets) ​ 285,272 13.65 ​ ≥ 94,024 ≥ 4.50 ​ ≥ 135,813 ≥ 6.50 ​ Core (Tier 1) capital (to adjusted total assets) ​ 285,272 14.44 ​ ≥ 79,030 ≥ 4.00 ​ ≥ 98,788 ≥ 5.00 ​ (1) Ratios do not include the capital conservation buffer. ​ Based on the most recent notification by the FDIC, the Bank was categorized as “well capitalized” under the regulatory framework for prompt corrective action. There have been no conditions or events that have occurred since notification that management believes have changed the Bank’s category. ​ ​ Note 3 - Financial Instruments with Off-Balance Sheet Risk The Company is a party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments are commitments to extend credit. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the consolidated statements of financial condition. ​ The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit is represented by the contractual notional amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance-sheet instruments. ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2025 ​ ​ ​ 2024 ​ (In Thousands) Financial instruments whose contract amounts represent credit risk: ​ ​ ​ ​ ​ Commitments to extend credit ​ $ 189,732 ​ $ 61,188 Construction loans in process ​ 404,768 ​ 399,629 Stand-by letters of credit ​ 14,152 ​ 14,937 Commitments to fund unused lines of credit: ​ ​ ​ ​ Commercial and industrial lines ​ 71,027 ​ 86,249 ​ ​ $ 679,679 ​ $ 562,003 ​ F- 18 Table of Contents Northeast Community Bancorp, Inc. Notes to Consolidated Financial Statements Note 3 - Financial Instruments with Off-Balance Sheet Risk (continued) Commitments to extend credit are legally binding agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. The amount of collateral obtained, if deemed necessary by the Company, is based on management’s credit evaluation of the borrower. . ​ Note 4 – Equity Securities The following table is the schedule of Equity Securities at December 31, 2025 and 2024. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ ​ ​ 2025 ​ ​ ​ 2024 ​ ​ (In Thousands) Equity Securities, at Fair Value ​ $ 26,570 ​ $ 21,994 ​ The following is a summary of realized and unrealized losses recognized in net income on equity securities during the year ended December 31, 2025 and 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ ​ ​ 2025 ​ ​ ​ 2024 ​ ​ (In Thousands) ​ ​ ​ ​ ​ ​ ​ Net unrealized gain (loss) recognized on equity securities during the period ​ $ 576 ​ $ ( 109 ) Capital gain realized on equity securities during the period ​ ​ — ​ ​ — Realized and unrealized net gain (loss) recognized on equity securities held at the reporting date ​ $ 576 ​ $ ( 109 ) ​ ​ ​ ​ ​ ​ ​ ​ Note 5 – Earnings Per Share The following table sets forth the computations of basic and diluted earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2025 ​ ​ ​ 2024 ​ (In Thousands, except per share data) Net income (basic and diluted) ​ $ 44,413 $ 47,074 ​ ​ ​ ​ ​ ​ ​ Weighted average shares issued ​ ​ 14,021 ​ ​ 14,043 Less: Weighted average unearned ESOP shares ​ ​ ( 562 ) ​ ​ ( 649 ) Less: Weighted average unvested restricted shares ​ ( 198 ) ​ ( 258 ) Basic weighted average shares outstanding ​ 13,261 ​ 13,136 Add: Dilutive effect of restricted stock ​ 40 ​ 65 Add: Dilutive effect of stock option ​ 358 ​ 158 Diluted weighted average shares outstanding ​ ​ 13,659 ​ ​ 13,359 ​ ​ ​ ​ ​ ​ ​ Net income per share ​ ​ ​ ​ ​ ​ Basic ​ $ 3.35 ​ $ 3.58 Diluted ​ $ 3.25 ​ $ 3.52 ​ There was no anti-dilutive shares outstanding at December 31, 2025 and 2024. ​ F- 19 Table of Contents Northeast Community Bancorp, Inc. Notes to Consolidated Financial Statements Note 6 – Securities Held-to-Maturity The following table summarized the Company’s portfolio of securities held-to-maturity at December 31, 2025 and 2024. No securities held-to-maturity were pledged to secure borrowings. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2025 ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ Allowance ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair ​ for ​ ​ ​ ​ Cost ​ ​ ​ Gains ​ ​ ​ Losses ​ ​ ​ Value ​ ​ ​ Credit Loss ​ ​ (In Thousands) Mortgage-backed securities – residential: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Government National Mortgage Association ​ $ 327 ​ $ 4 ​ $ — ​ $ 331 ​ $ — Federal Home Loan Mortgage Corporation ​ 684 ​ — ​ 65 ​ 619 ​ — Federal National Mortgage Association ​ ​ 1,390 ​ — ​ 100 ​ 1,290 ​ — Collateralized mortgage obligations – GSE ​ 2,673 ​ — ​ 551 ​ 2,122 ​ — Total mortgage-backed securities ​ 5,074 ​ 4 ​ 716 ​ 4,362 ​ — Municipal Bonds ​ 13,367 ​ ​ — ​ ​ 2,202 ​ ​ 11,165 ​ ​ 126 ​ ​ $ 18,441 ​ $ 4 ​ $ 2,918 ​ $ 15,527 ​ $ 126 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2024 ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ Allowance ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair ​ for ​ ​ ​ ​ Cost ​ ​ ​ Gains ​ ​ ​ Losses ​ Value ​ ​ ​ Credit Loss ​ ​ (In Thousands) Mortgage-backed securities – residential: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Government National Mortgage Association ​ $ 414 ​ $ — ​ $ — ​ $ 414 ​ $ — Federal Home Loan Mortgage Corporation ​ 775 ​ 1 ​ 110 ​ 666 ​ — Federal National Mortgage Association ​ ​ 1,677 ​ — ​ 177 ​ 1,500 ​ — Collateralized mortgage obligations – GSE ​ 2,782 ​ — ​ 624 ​ 2,158 ​ — Total mortgage-backed securities ​ 5,648 ​ 1 ​ 911 ​ 4,738 ​ — Municipal Bonds ​ 9,094 ​ ​ — ​ ​ 1,974 ​ ​ 7,120 ​ ​ 126 ​ ​ $ 14,742 ​ $ 1 ​ $ 2,885 ​ $ 11,858 ​ $ 126 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Contractual final maturities of mortgage-backed securities and municipal bonds were as follows at December 31, 2025: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2025 ​ ​ Amortized ​ Fair ​ ​ ​ ​ Cost ​ ​ ​ Value ​ (In Thousands) Due within one year ​ $ 1,284 ​ $ 1,203 Due after one but within five years ​ 3,526 ​ 2,930 Due after five but within ten years ​ 4,213 ​ 3,371 Due after ten years ​ 9,418 ​ 8,023 ​ ​ $ 18,441 ​ $ 15,527 ​ The maturities shown above are based upon contractual final maturity. Actual maturities will differ from contractual maturities due to scheduled monthly repayments and due to the underlying borrowers having the right to prepay their obligations. ​ F- 20 Table of Contents Northeast Community Bancorp, Inc. Notes to Consolidated Financial Statements Note 6 – Securities Held-to-Maturity (continued) The following table presents the activity in the allowance for credit losses for debt securities held-to-maturity: ​ ​ ​ ​ ​ ​ ​ Municipal Bonds Balance – December 31, 2024 ​ $ 126 Provision for credit loss ​ ​ - Balance - December 31, 2025 ​ $ 126 ​ ​ ​ ​ ​ ​ Municipal Bonds Balance – December 31, 2023 ​ $ 136 Reversal of credit loss ​ ​ ( 10 ) Balance - December 31, 2024 ​ $ 126 ​ At December 31, 2025, eleven mortgage-backed securities had unrealized loss due to interest rate volatility. Management concluded that the unrealized loss reflected above was related primarily to market interest rates volatility, and not related to the underlying credit quality of the issuers of the securities. Additionally, the Company has the ability and intent to hold the securities for the time necessary to recover the amortized cost. At December 31, 2024, there were sixteen mortgage-backed securities unrealized loss. Credit Quality Indicators The held to maturity securities portfolio consists of agency mortgage-backed securities and municipal bonds. All agency mortgage-backed securities are issued by U.S. government entities and agencies. These securities are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major rating agencies and have a long history of no credit losses. The ten municipal bonds in the portfolio carry no lower than A ratings from the rating agencies at December 31, 2025 and have no realized losses since they were issued. The Company regularly monitors the municipal bonds sector of the market and reviews collectability including such factors as the financial condition of the issuers as well as credit ratings in effect as of the reporting period. Note 7 - Loans Receivable and the Allowance for Credit Losses The composition of loans were as follows at December 31: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ ​ ​ 2025 ​ ​ ​ 2024 ​ ​ (In Thousands) Residential real estate: ​ ​ ​ ​ ​ One-to-four family ​ $ 3,114 ​ $ 3,472 Multi-family ​ 306,508 ​ 206,606 Mixed-use ​ 25,197 ​ 26,571 Total residential real estate ​ 334,819 ​ 236,649 Non-residential real estate ​ 38,463 ​ 29,446 Construction ​ 1,336,329 ​ 1,426,167 Commercial and industrial ​ 150,397 ​ 118,736 Consumer ​ 58 ​ 1,649 Total Loans ​ 1,860,066 ​ 1,812,647 Deferred loan costs (fees), net ​ 268 ​ ( 49 ) Allowance for credit losses ​ ( 4,731 ) ​ ( 4,830 ) ​ ​ $ 1,855,603 ​ $ 1,807,768 ​ F- 21 Table of Contents Northeast Community Bancorp, Inc. Notes to Consolidated Financial Statements Loans serviced for the benefit of others totaled approximately $ 53,323,000 and $ 52,546,000 at December 31, 2025 and 2024, respectively. The value of mortgage servicing rights was not material at December 31, 2025 and 2024. Note 7 - Loans Receivable and the Allowance for Credit Losses (continued) The Company sold loan participations totaling $ 1.1 million and $ 11.8 million in 2025 and 2024. There was no other loan sold in 2025 and 2024. The following tables summarize the allocation of the allowance for credit losses based upon the calculation methodology described in Note 1, and loans receivable by loan class and credit loss method at December 31, 2025 and 2024: At December 31, 2025: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non- ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ residential ​ ​ ​ ​ and ​ ​ ​ ​ ​ ​ ​ ​ Real Estate ​ Real Estate ​ Construction ​ ​Industrial ​ Consumer ​ Total ​ ​ (In Thousands) Allowance for credit losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 1,646 ​ $ 249 ​ $ 2,035 ​ $ 743 ​ $ 58 ​ $ 4,731 Ending balance: individually evaluated for credit loss ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Ending balance: collectively evaluated for credit loss ​ $ 1,646 ​ $ 249 ​ $ 2,035 ​ $ 743 ​ $ 58 ​ $ 4,731 Loans receivable: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 334,819 ​ $ 38,463 ​ $ 1,336,329 ​ $ 150,397 ​ $ 58 ​ $ 1,860,066 Ending balance: individually evaluated for credit loss ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Ending balance: collectively evaluated for credit loss ​ $ 334,819 ​ $ 38,463 ​ $ 1,336,329 ​ $ 150,397 ​ $ 58 ​ $ 1,860,066 ​ ​ At December 31, 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non- ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ residential ​ ​ ​ ​ and ​ ​ ​ ​ ​ ​ ​ ​ Real Estate ​ Real Estate ​ Construction ​ ​Industrial ​ Consumer ​ Total ​ ​ (In Thousands) Allowance for credit losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 1,900 ​ $ 308 ​ $ 1,937 ​ $ 520 ​ $ 165 ​ $ 4,830 Ending balance: individually evaluated for impairment ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Ending balance: collectively evaluated for impairment ​ $ 1,900 ​ $ 308 ​ $ 1,937 ​ $ 520 ​ $ 165 ​ $ 4,830 Loans receivable: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 236,649 ​ $ 29,446 ​ $ 1,426,167 ​ $ 118,736 ​ $ 1,649 ​ $ 1,812,647 Ending balance: individually evaluated for impairment ​ $ — ​ $ — ​ $ — ​ $ 241 ​ $ — ​ $ 241 Ending balance: collectively evaluated for impairment ​ $ 236,649 ​ $ 29,446 ​ $ 1,426,167 ​ $ 118,977 ​ $ 1,649 ​ $ 1,812,406 ​ ​ F- 22 Table of Contents Northeast Community Bancorp, Inc. Notes to Consolidated Financial Statements Note 7 - Loans Receivable and the Allowance for Credit Losses (continued) ​ The activity in the allowance for credit loss by loan class for the years ended December 31, 2025 and 2024 was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non- ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ residential ​ ​ ​ ​ and ​ ​ ​ ​ ​ ​ ​ ​ Real Estate ​ Real Estate ​ Construction ​ Industrial ​ Consumer ​ Total ​ ​ (In Thousands) Allowance for credit losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance - December 31, 2024 ​ $ 1,900 ​ $ 308 ​ $ 1,937 ​ $ 520 ​ $ 165 ​ $ 4,830 Charge-offs ​ — ​ — ​ — ​ — ​ ( 702 ) ​ ( 702 ) Recoveries ​ — ​ 350 ​ 334 ​ — ​ 191 ​ 875 Provision (reversal of) ​ ( 254 ) ​ ( 409 ) ​ ( 236 ) ​ 223 ​ 404 ​ ( 272 ) Balance - December 31, 2025 ​ $ 1,646 ​ $ 249 ​ $ 2,035 ​ $ 743 ​ $ 58 ​ $ 4,731 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non- ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ residential ​ ​ ​ ​ and ​ ​ ​ ​ ​ ​ ​ ​ Real Estate ​ Real Estate ​ Construction ​ Industrial ​ Consumer ​ Total ​ ​ (In Thousands) Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance - December 31, 2023 ​ $ 2,433 ​ $ 126 ​ $ 1,914 ​ $ 472 ​ $ 148 ​ $ 5,093 Charge-offs ​ — ​ — ​ — ​ ( 1,000 ) ​ ( 347 ) ​ ( 1,347 ) Recoveries ​ — ​ — ​ — ​ — ​ — ​ — Provision (reversal of) ​ ( 533 ) ​ 182 ​ 23 ​ 1,048 ​ 364 ​ 1,084 Balance - December 31, 2024 ​ $ 1,900 ​ $ 308 ​ $ 1,937 ​ $ 520 ​ $ 165 ​ $ 4,830 ​ During the year ended December 31, 2025, the reversal of provision recorded for residential real estate loans was primarily attributed to newly originated high quality muti-family loans. The reversal of provision recorded for non-residential real estate loans was primarily attributed to a $ 350,000 recovery from a loan charged off in 2021. The provision expense recorded for commercial and industrial loans were attributed to increased loan balance. The reversal of provision recorded for construction loans was primarily attributed to a $ 334,000 recovery from a foreclosed loan in 2023. The provision expense recorded for consumer loans was primarily attributed to a $ 511,000 net charge off in checking account overdrafts in 2025. During the year ended December 31, 2024, the reversal of provision recorded for residential real estate loans was primarily attributed to reduced credit risk. The provision expense recorded for non-residential real estate loans were primarily attributed to increased loan balances. The provision expense recorded for commercial and industrial loans was attributed to increased credit risk due to a $ 1.0 million loan charge off. The Company had one individually evaluated loan of $ 241,000 at December 31, 2024. During 2025, the Company upgraded this loan to special mention since the borrower had no missed payments on this loan, therefore there was no individually evaluated loan at December 31, 2025. Interest income recognized for this loan was $ 18,000 in 2025 and zero in 2024. ​ F- 23 Table of Contents Northeast Community Bancorp, Inc. Notes to Consolidated Financial Statements Note 7 - Loans Receivable and the Allowance for Credit Losses (continued) The following tables provide information about delinquencies in our loan portfolio at the dates indicated. Age Analysis of Past Due Loans as of December 31, 2025: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment > ​ ​ 30 – 59 Days ​ 60 – 89 Days ​ Greater Than ​ Total Past ​ ​ ​ ​ Total Loans ​ 90 Days and ​ ​ ​ ​ Past Due ​ ​ ​ Past Due ​ ​ ​ 90 Days ​ ​ ​ Due ​ ​ ​ Current ​ ​ ​ Receivable ​ ​ ​ ​ ​ ​ ​Accruing ​ ​ (In Thousands) Residential real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One- to four-family ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 3,114 ​ $ 3,114 ​ $ — Multi-family ​ — ​ — ​ — ​ — ​ 306,508 ​ 306,508 ​ — Mixed-use ​ — ​ — ​ — ​ — ​ 25,197 ​ 25,197 ​ — Non-residential real estate ​ — ​ — ​ — ​ — ​ 38,463 ​ 38,463 ​ — Construction loans ​ — ​ — ​ — ​ — ​ 1,336,329 ​ 1,336,329 ​ — Commercial and industrial loans ​ — ​ — ​ — ​ — ​ 150,397 ​ 150,397 ​ — Consumer ​ — ​ — ​ — ​ — ​ 58 ​ 58 ​ — ​ ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 1,860,066 ​ $ 1,860,066 ​ $ — ​ Age Analysis of Past Due Loans as of December 31, 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment ​ ​ 30 – 59 Days ​ 60 – 89 Days ​ Greater Than ​ Total Past ​ ​ ​ ​ Total Loans ​ > 90 Days and ​ ​ ​ ​ Past Due ​ ​ ​ Past Due ​ ​ ​ 90 Days ​ ​ ​ Due ​ ​ ​ Current ​ ​ ​ Receivable ​ ​ ​ ​ ​ ​ ​Accruing ​ ​ (In Thousands) Residential real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ One- to four-family ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 3,472 ​ $ 3,472 ​ $ — Multi-family ​ 931 ​ — ​ — ​ 931 ​ 205,675 ​ 206,606 ​ — Mixed-use ​ — ​ — ​ — ​ — ​ 26,571 ​ 26,571 ​ — Non-residential real estate ​ — ​ — ​ — ​ — ​ 29,446 ​ 29,446 ​ — Construction loans ​ — ​ — ​ — ​ — ​ 1,426,167 ​ 1,426,167 ​ — Commercial and industrial loans ​ — ​ — ​ — ​ — ​ 118,736 ​ 118,736 ​ — Consumer ​ — ​ — ​ — ​ — ​ 1,649 ​ 1,649 ​ — ​ ​ $ 931 ​ $ — ​ $ — ​ $ 931 ​ $ 1,811,716 ​ $ 1,812,647 ​ $ — ​ ​ F- 24 Table of Contents Northeast Community Bancorp, Inc. Notes to Consolidated Financial Statements Note 7 - Loans Receivable and the Allowance for Credit Losses (continued) ​ Credit Quality Indicators ​ The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans individually to classify the loans as to credit risk. The Company uses the following definitions for risk ratings: ​ Pass – Loans that are well protected by the current net worth and paying capacity of the obligor (or guarantors, if any) or by the fair value, less cost to acquire and sell, of any underlying collateral in a timely manner. Special Mention – Loans which do not currently expose the Company to a sufficient degree of risk to warrant an adverse classification but have some credit deficiencies or other potential weaknesses. Substandard – Loans which are inadequately protected by the paying capacity and net worth of the obligor or the collateral pledged, if any. Substandard assets include those characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Doubtful – Loans which have all of the weaknesses inherent in those classified as Substandard, with the added characteristic that the weaknesses present make collection or liquidation in full highly questionable and improbable, on the basis of currently existing facts, conditions and values. ​ F- 25 Table of Contents Northeast Community Bancorp, Inc. Notes to Consolidated Financial Statements Note 7 - Loans Receivable and the Allowance for Credit Losses (continued) ​ The following tables presents the risk category of loans at December 31, 2025 and 2024 by loan segment and vintage year: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ Revolving ​ ​ ​ ​ Term Loans Amortized Costs Basis by Origination Year ​ Loans ​ Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized ​ Converted ​ ​ December 31, 2025 ​ ​ 2025 ​ 2024 ​ 2023 ​ 2022 ​ 2021 ​ Prior ​ Cost Basis ​ to Term ​ Total Residential real estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk Rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 120,070 $ 11,768 $ 75,364 $ 64,588 $ 21,735 $ 41,068 $ - $ - $ 334,593 Special Mention ​ ​ - ​ 226 ​ - ​ - ​ - ​ - ​ - ​ - ​ 226 Substandard ​ ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Doubtful ​ ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Total ​ $ 120,070 $ 11,994 $ 75,364 $ 64,588 $ 21,735 $ 41,068 $ - $ - $ 334,819 Residential real estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current period gross charge-offs ​ $ - $ - $ - $ - $ - $ - $ - $ - $ - ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-residential real estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk Rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 11,013 $ 13,632 $ 1,531 $ 235 $ 1,606 $ 10,446 $ - $ - $ 38,463 Special Mention ​ ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Substandard ​ ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Doubtful ​ ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Total ​ $ 11,013 $ 13,632 $ 1,531 $ 235 $ 1,606 $ 10,446 $ - $ - $ 38,463 Non-residential real estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current period gross charge-offs ​ $ - $ - $ - $ - $ - $ - $ - $ - $ - ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk Rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 445,820 $ 380,754 $ 233,309 $ 158,283 $ 75,970 $ 42,193 $ - $ - $ 1,336,329 Special Mention ​ ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Substandard ​ ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Doubtful ​ ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Total ​ $ 445,820 $ 380,754 $ 233,309 $ 158,283 $ 75,970 $ 42,193 $ - $ - $ 1,336,329 Construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current period gross charge-offs ​ $ - $ - $ - $ - $ - $ - $ - $ - $ - ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk Rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 6,431 $ 5,959 $ 3,590 $ 4,843 $ 18 $ 1,501 $ 127,705 $ 350 $ 150,397 Special Mention ​ ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Substandard ​ ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Doubtful ​ ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Total ​ $ 6,431 $ 5,959 $ 3,590 $ 4,843 $ 18 $ 1,501 $ 127,705 $ 350 $ 150,397 Commercial and industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current period gross charge-offs ​ $ - $ - $ - $ - $ - $ - $ - $ - $ - ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk Rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 58 $ - $ - $ - $ - $ ​ $ - $ - $ 58 Special Mention ​ ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Substandard ​ ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Doubtful ​ ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Total ​ $ 58 $ - $ - $ - $ - $ - $ - $ - $ 58 Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current period gross charge-offs ​ $ 702 $ - $ - $ - $ - $ - $ - $ - $ 702 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk Rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 583,392 $ 412,113 $ 313,794 $ 227,949 $ 99,329 $ 95,208 $ 127,705 $ 350 $ 1,859,840 Special Mention ​ ​ - ​ 226 ​ - ​ - ​ - ​ - ​ - ​ - ​ 226 Substandard ​ ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Doubtful ​ ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Total ​ $ 583,392 $ 412,339 $ 313,794 $ 227,949 $ 99,329 $ 95,208 $ 127,705 $ 350 $ 1,860,066 Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current period gross charge-offs ​ $ 702 $ - $ - $ - $ - $ - $ - $ - $ 702 ​ F- 26 Table of Contents Northeast Community Bancorp, Inc. Notes to Consolidated Financial Statements Note 7 - Loans Receivable and the Allowance for Credit Losses (continued) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ Revolving ​ ​ ​ ​ Term Loans Amortized Costs Basis by Origination Year ​ Loans ​ Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized ​ Converted ​ ​ December 31, 2024 ​ ​ 2024 ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ Prior ​ Cost Basis ​ to Term ​ Total Residential real estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk Rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 18,326 $ 78,603 $ 70,892 $ 22,292 $ 11,361 $ 35,175 $ - $ - $ 236,649 Special Mention ​ ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Substandard ​ ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Doubtful ​ ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Total ​ $ 18,326 $ 78,603 $ 70,892 $ 22,292 $ 11,361 $ 35,175 $ - $ - $ 236,649 Residential real estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current period gross charge-offs ​ $ - $ - $ - $ - $ - $ - $ - $ - $ - ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-residential real estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk Rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 13,881 $ 1,569 $ 243 $ 1,669 $ 974 $ 11,110 $ - $ - $ 29,446 Special Mention ​ ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Substandard ​ ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Doubtful ​ ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Total ​ $ 13,881 $ 1,569 $ 243 $ 1,669 $ 974 $ 11,110 $ - $ - $ 29,446 Non-residential real estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current period gross charge-offs ​ $ - $ - $ - $ - $ - $ - $ - $ - $ - ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk Rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 408,072 $ 460,460 $ 303,417 $ 166,997 $ 43,405 $ 43,816 $ - $ - $ 1,426,167 Special Mention ​ ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Substandard ​ ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Doubtful ​ ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Total ​ $ 408,072 $ 460,460 $ 303,417 $ 166,997 $ 43,405 $ 43,816 $ - $ - $ 1,426,167 Construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current period gross charge-offs ​ $ - $ - $ - $ - $ - $ - $ - $ - $ - ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk Rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 1,250 $ 4,365 $ 5,988 $ 232 $ 82 $ 795 $ 100,049 $ 5,734 $ 118,495 Special Mention ​ ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Substandard ​ ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ 241 ​ 241 Doubtful ​ ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Total ​ $ 1,250 $ 4,365 $ 5,988 $ 232 $ 82 $ 795 $ 100,049 $ 5,975 $ 118,736 Commercial and industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current period gross charge-offs ​ $ - $ - $ - $ - $ - $ 1,000 $ - $ - $ 1,000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk Rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 1,648 $ - $ - $ - $ - $ ​ $ 1 $ - $ 1,649 Special Mention ​ ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Substandard ​ ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Doubtful ​ ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Total ​ $ 1,648 $ - $ - $ - $ - $ - $ 1 $ - $ 1,649 Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current period gross charge-offs ​ $ 347 $ - $ - $ - $ - $ - $ - $ - $ 347 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk Rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 443,177 $ 544,997 $ 380,540 $ 191,190 $ 55,822 $ 90,896 $ 100,050 $ 5,734 $ 1,812,406 Special Mention ​ ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Substandard ​ ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ 241 ​ 241 Doubtful ​ ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - ​ - Total ​ $ 443,177 $ 544,997 $ 380,540 $ 191,190 $ 55,822 $ 90,896 $ 100,050 $ 5,975 $ 1,812,647 Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current period gross charge-offs ​ $ 347 $ - $ - $ - $ - $ 1,000 $ - $ - $ 1,347 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ F- 27 Table of Contents Northeast Community Bancorp, Inc. Notes to Consolidated Financial Statements Note 7 - Loans Receivable and the Allowance for Credit Losses (continued) Modifications to Borrowers Experiencing Financial Difficulty: Occasionally, the Company modifies loans to borrowers in financial distress by providing principal forgiveness, term extension, an other-than-insignificant payment delay, or interest rate reduction. When principal forgiveness is provided, the amount of forgiveness is charged-off against the allowance for credit losses. In some cases, the Company provides multiple types of concessions on one loan. Typically, one type of concession, such as a term extension, is granted initially. If the borrower continues to experience financial difficulty, another concession, such as principal forgiveness, may be granted. There were no loans modified to borrowers experiencing financial difficulty during the years ended December 31, 2025 and 2024. Allowance for Credit Losses on Off-Balance Sheet Commitments: The following table presents the activity in the allowance for credit losses related to off-balance sheet commitments, that is included in Accounts Payable and Accrued Expenses on the Consolidated Statement of Financial Condition, for the year ended December 31, 2025 and 2024: ​ ​ ​ ​ ​ ​ ​ Allowance for Credit Loss Balance – December 31, 2024 ​ $ 704 Provision for credit loss ​ ​ 173 Balance – December 31, 2025 ​ $ 877 ​ ​ ​ ​ ​ ​ Allowance for Credit Loss Balance – December 31, 2023 ​ $ 1,038 Reversal of credit loss ​ ​ ( 334 ) Balance – December 31, 2024 ​ $ 704 ​ ​ Note 8 - Premises and Equipment, Net ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ ​ December 31, ​ ​ ​ ​ 2025 ​ ​ ​ 2024 ​ ​ (In Thousands) Land ​ $ 6,652 ​ $ 6,652 Buildings and improvements ​ 23,379 ​ 23,121 Leasehold improvements ​ 2,809 ​ 1,805 Furnishings and equipment ​ 8,723 ​ 8,279 ​ ​ 41,563 ​ 39,857 Accumulated depreciation and amortization ​ ( 16,186 ) ​ ( 15,052 ) ​ ​ $ 25,377 ​ $ 24,805 ​ ​ ​ ​ ​ ​ ​ ​ Depreciation expense on premises and equipment for the fiscal years ended December 31, 2025 and 2024 totaled $ 1.2 million and $ 1.2 million, respectively. ​ F- 28 Table of Contents Northeast Community Bancorp, Inc. Notes to Consolidated Financial Statements Note 9 - Accrued Interest Receivable, Net ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ ​ December 31, ​ ​ ​ ​ 2025 ​ ​ ​ 2024 ​ ​ (In Thousands) Loans receivable ​ $ 12,158 ​ $ 13,445 Securities ​ 70 ​ 36 ​ ​ $ 12,228 ​ $ 13,481 ​ ​ Note 10 - Real Estate Owned (“REO”) The Company owned two foreclosed properties valued at approximately $ 5,120,000 at December 31, 2024, consisting of an office building located in Pennsylvania which was acquired through foreclosure in December 2014, and a land and land improvement located in Bronx which was acquired through foreclosure in October 2024. The Company disposed these properties in 2025 and had no real estate owned at December 31, 2025. Declines in real estate values may result in impairment charges in the future. Routine holding costs are charged to expense as incurred and improvements to real estate owned that enhance the value of the real estate are capitalized. REO expense recorded in the Consolidated Statements of Income, including loss on sales and write-downs, amounted to $ 845,000 and $ 731,000 during the years ended December 31, 2025 and 2024. ​ Note 11– Property Held For Investment Property held for investment at December 31 are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ ​ December 31, ​ ​ ​ ​ 2025 ​ ​ ​ 2024 ​ ​ (In Thousands) Land ​ $ 500 ​ $ 500 Buildings and improvements ​ 1,442 ​ 1,442 ​ ​ 1,942 ​ 1,942 Accumulated depreciation and amortization ​ ( 608 ) ​ ( 572 ) ​ ​ $ 1,334 ​ $ 1,370 ​ The Company owned one property at December 31, 2025 and 2024 consisting of a former branch office located in Plymouth, Massachusetts. The property is currently leased to a car rental company to generate current income for the Company. ​ Depreciation expense on property held for investment for the fiscal years ended December 31, 2025 and 2024 totaled $ 36,000 and $ 37,000 , respectively. ​ F- 29 Table of Contents Northeast Community Bancorp, Inc. Notes to Consolidated Financial Statements Note 12 – Deposits Total deposits at December 31, 2025 and 2024 and the weighted average rate of deposits are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ 2025 ​ 2024 ​ ​ ​ ​ ​ Weighted Average ​ ​ ​ Weighted Average ​ ​ ​ ​ Amount ​ ​ ​ Interest Rate ​ ​ ​ Amount ​ ​ ​ Interest Rate ​ ​ (Dollars in Thousands) Demand deposits: ​ ​ ​ ​ ​ ​ ​ ​ Non-interest bearing ​ $ 271,924 — % $ 287,135 — % NOW and money market ​ 302,372 3.09 % 243,163 3.41 % Total ​ 574,296 1.63 % 530,298 1.56 % Savings accounts ​ 142,226 2.05 % 138,277 2.16 % Certificates of deposit maturing in: ​ ​ ​ ​ ​ ​ ​ One year or less ​ 832,178 4.00 % 918,436 4.78 % After one to two years ​ 51,033 3.37 % 24,466 3.84 % After two to three years ​ 16,043 4.44 % 12,362 1.35 % After three to four years ​ 704 0.75 % 45,948 4.82 % After four years ​ 421 0.75 % 588 0.75 % Total ​ 900,379 3.97 % 1,001,800 4.71 % ​ ​ $ 1,616,901 2.97 % $ 1,670,375 3.50 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2025 and 2024, certificates of deposits in excess of $250,000 totaled approximately $ 172,034,000 and $ 185,677,000 , respectively. At December 31, 2025 and 2024, the demand deposit overdrafts totaled $ 58,000 and $ 1,648,000 . Overdraft deposits are reclassified as consumer loans and are included in the total loans on the Consolidated Statements of Financial Condition. The aggregate amount of brokered deposits was $ 369.8 million and $ 435.3 million as of December 31, 2025 and 2024, respectively. At December 31, 2025 and 2024, the Company also had $ 11.7 million and $ 12.8 million, respectively, in Insured Cash Sweep (“ICS”) reciprocal money market deposits, which are no longer considered fully-insured brokered deposits as defined in the FDIC call report instructions. The ICS money market deposits were obtained from seven retail depositors and then transferred into the ICS Network in order to obtain full FDIC insurance coverage for our customers. These types of deposits are known in the ICS Network as reciprocal deposits, which the Company considers as core deposits and not brokered deposits. Interest expense on deposits consists of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years Ended December 31, ​ ​ ​ ​ 2025 ​ ​ ​ 2024 ​ ​ (In Thousands) Demand deposits ​ $ 10,389 ​ $ 8,498 Savings accounts ​ 2,942 ​ 3,799 Certificates of deposit ​ 36,388 ​ 43,322 ​ ​ $ 49,719 ​ $ 55,619 ​ ​ ​ ​ ​ ​ ​ ​ ​ F- 30 Table of Contents Northeast Community Bancorp, Inc. Notes to Consolidated Financial Statements Note 13 – Borrowings Our borrowings are primarily from the Discount Window at the Federal Reserve Bank of New York (“FRBNY”). On August 30, 2023, the FRBNY approved the Company’s eligibility to pledge loans under the Borrower-in-Custody program of the FRBNY thereby allowing the Company to borrow from the Discount Window at the FRBNY. As of December 31, 2025, borrowings from the FRBNY totaled $ 70.0 million, bearing an interest rate of 3.75 %. Of the $ 70.0 million in borrowings, $ 30.0 million was paid off in January 2026, and $ 40.0 million matured in February 2026. At December 31, 2025, the Company had the ability to borrow $ 768.8 million from the FRBNY, $ 35.8 million from the FHLB, and $ 8.0 million from ACBB. ​ ​ Note 14 - Income Taxes The Bank qualifies as a savings institution under the provisions of the Internal Revenue Code and was, therefore, prior to January 1, 1996, permitted to deduct from taxable income an allowance for bad debts based upon eight percent of taxable income before such deduction, less certain adjustments. Retained earnings at December 31, 2025 and 2024, include approximately $ 4.1 million of such bad debt deductions which, in accordance with U.S. GAAP is considered a permanent difference between the book and income tax basis of loans receivable, and for which deferred income taxes have not been provided. If such amount is used for purposes other than for bad debt losses, including distributions in liquidation, it will be subject to income tax at the then current rate. The components of provision for income taxes are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years Ended December 31, ​ ​ ​ ​ 2025 ​ ​ ​ 2024 ​ ​ (In Thousands) Current tax expense ​ $ 17,520 ​ $ 19,166 Deferred tax expense ​ 326 ​ ( 467 ) ​ ​ $ 17,846 ​ $ 18,699 ​ ​ F- 31 Table of Contents Northeast Community Bancorp, Inc. Notes to Consolidated Financial Statements Note 14 - Income Taxes (continued) The following table presents a reconciliation between the reported income taxes and the income taxes, which would be computed by applying the existing federal income tax rate of 21 % for 2025 and 2024 to income before taxes: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years Ended December 31, ​ ​ ​ ​ 2025 ​ ​ ​ 2024 (Dollars In Thousands) ​ Amount ​ Rate ​ Amount ​ Rate Federal income tax at statutory rates ​ $ 13,074 ​ 21 % ​ $ 13,812 ​ 21 % ​ State and city tax, net of federal income tax effect¹ ​ 4,743 ​ 8 ​ ​ 4,725 ​ 7 ​ ​ Non-taxable income on bank owned life insurance ​ ( 146 ) ​ ( 0 ) ​ ​ ( 138 ) ​ ( 0 ) ​ ​ Other ​ 175 ​ 0 ​ ​ 300 ​ 0 ​ ​ Effective Income Tax ​ $ 17,846 ​ 29 % ​ $ 18,699 ​ 28 % ​ ​ (1) For the years presented New York State, New York City, and Massachusetts make up 100% of the tax effect in this category. ​ The tax effects of significant items comprising the net deferred tax assets are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ ​ ​ 2025 ​ ​ ​ 2024 ​ ​ (In Thousands) Deferred tax assets: ​ ​ Allowance for credit losses ​ $ 1,219 ​ $ 1,245 State net operating loss carryforwards ​ — ​ 13 Benefit plans ​ 2,881 ​ 2,652 Accumulated other comprehensive loss – DRP ​ 69 ​ 72 Other ​ 292 ​ 842 Total Deferred Tax Assets ​ 4,461 ​ 4,824 Deferred tax liability: ​ ​ ​ ​ Depreciation ​ 423 ​ 457 Total Deferred Tax Liabilities ​ 423 ​ 457 Net Deferred Tax Assets Included in Other Assets ​ $ 4,038 ​ $ 4,367 ​ At December 31, 2025, the Company had no valuation allowance because the Company determined there will be enough future taxable income to utilize the deferred tax assets. ​ F- 32 Table of Contents Northeast Community Bancorp, Inc. Notes to Consolidated Financial Statements Note 15 - Other Non-Interest Expenses The following is an analysis of other non-interest expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years Ended December 31, ​ ​ ​ ​ 2025 ​ ​ ​ 2024 ​ ​ (In Thousands) Other ​ $ 943 ​ $ 812 Regulatory insurance premium and assessments ​ ​ 3,209 ​ ​ 2,929 Dues and subscriptions ​ ​ 805 ​ ​ 750 Service contracts ​ 1,818 ​ 1,734 Consulting expense ​ 694 ​ 736 Telephone ​ 607 ​ 637 Directors compensation ​ 910 ​ 1,144 Audit and accounting ​ 551 ​ 537 Insurance ​ 426 ​ 412 Director, officer, and employee expense ​ 294 ​ 311 Legal fees ​ 766 ​ 395 Office supplies and stationary ​ 187 ​ 196 Recruiting expense ​ 65 ​ 56 ​ ​ $ 11,275 ​ $ 10,649 ​ ​ Note 16 - Benefits Plans Outside Director Retirement Plan (“DRP”) The DRP is an unfunded non-contributory defined benefit pension plan covering all non-employee directors meeting eligibility requirements as specified in the plan document. The following table sets forth the funded status of the DRP and components of net pension periodic expense measured as of December 31: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years Ended December 31, ​ ​ ​ ​ 2025 ​ ​ ​ 2024 ​ ​ (Dollars In Thousands) Projected benefit obligation – beginning ​ $ 1,933 ​ $ 1,767 ​ Service cost ​ 98 ​ 98 ​ Interest cost ​ 90 ​ 88 ​ Actuarial (gain) loss ​ ( 39 ) ​ 88 ​ Benefits Paid ​ ( 117 ) ​ ( 108 ) ​ Projected benefit obligation – ending ​ $ 1,965 ​ $ 1,933 ​ Funded status – accrued liability included in accounts payable and accrued expenses ​ $ 1,965 ​ $ 1,933 ​ Accumulated benefit obligation ​ $ 1,879 ​ $ 1,848 ​ Discount rate ​ 4.89 % 4.97 % Rate of increase in future compensation levels ​ 2.00 % 2.00 % ​ ​ F- 33 Table of Contents Northeast Community Bancorp, Inc. Notes to Consolidated Financial Statements Note 16 - Benefits Plans (continued) Outside Director Retirement Plan (“DRP”) (continued) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years Ended December 31, ​ ​ ​ ​ 2025 ​ ​ ​ 2024 ​ ​ (Dollars In Thousands) Net periodic pension expense: ​ ​ ​ ​ ​ ​ Service cost ​ $ 98 ​ $ 98 ​ Interest cost ​ 90 ​ 88 ​ Actuarial gain amortized ​ ( 25 ) ​ ( 41 ) ​ Total net periodic pension expense included in other non-interest expenses ​ $ 163 ​ $ 145 ​ Discount rate ​ 4.89 % 4.97 % Rate of increase in future compensation levels ​ 2.00 % 2.00 % ​ Benefit payments, which reflect expected future service as appropriate, are expected to be paid for the years ending December 31 as follows (in thousands): ​ ​ ​ ​ 2026 ​ ​ ​ $ 170 2027 ​ 242 2028 ​ 242 2029 ​ 188 2030 ​ 188 2031 to 2035 ​ 1,125 ​ At December 31, 2025 and 2024, unrecognized net gain of $ 39,000 and net loss of $ 88,000 , respectively, were included in accumulated other comprehensive income. Supplemental Executive Retirement Plan (“SERP”) The SERP is a non-contributory defined benefit plan that covers certain officers of the Company. Under the SERP, each of these individuals will be entitled to receive upon retirement an annual benefit paid in monthly installments equal to 50 % of his average base salary in the three-year period preceding retirement. Each individual may also retire early and receive a reduced benefit upon the attainment of certain age and years of service combination. Additional terms related to death while employed, death after retirement, disability before retirement and termination of employment are fully described within the plan document. The benefit payment term is the greater of 15 years or the executives remaining life. No benefits are expected to be paid during the next five years . ​ During the years ended December 31, 2025 and 2024, expenses of $ 583,000 and $ 562,000 , respectively, were recorded for this plan and are reflected in the Consolidated Statements of Income under Salaries and Employee Benefits. At December 31, 2025 and 2024, a liability for this plan of $ 5,305,000 and $ 4,722,000 , respectively, is included in the Consolidated Statements of Financial Condition under Accounts Payable and Accrued Expenses. 401(k) Plan The Company maintains a 401(k) plan for all eligible employees. Participants are permitted to contribute from 1 % to 15 % or 60 % of their annual compensation up to the maximum permitted under the Internal Revenue Code. The Company provided no matching contribution in 2025 and 2024. Stock-Based Deferral Plan In June 2021, the Company established a stock-based deferral plan for eligible key executives and members of the Board of Directors of the Company to elect to defer compensation received from the Company for their services and F- 34 Table of Contents Northeast Community Bancorp, Inc. Notes to Consolidated Financial Statements Note 16 - Benefits Plans (continued) Stock-Based Deferral Plan (continued) make deemed investments of that deferred compensation in shares of the Company’s common stock. At December 31, 2025 and 2024, the Company did not have any obligations under the plan. Employee Stock Ownership Plan (“ESOP”) In conjunction with the Mid-Tier Holding Company’s public stock offering in 2006, the Bank established an ESOP for all eligible employees (substantially all full-time employees). The ESOP borrowed $ 5,184,200 from the Mid-Tier Holding Company and used those funds to acquire 518,420 shares of the Mid-Tier Holding Company common stock at $ 10.00 per share. The loan from the Mid-Tier Holding Company, which has been assumed by the Company, carries an interest rate of 8.25 % and is repayable in twenty annual installments through 2025. In conjunction with the Company’s second-step conversion offering, on July 12, 2021, the ESOP borrowed $ 7,827,260 from the Company and used those funds to acquire 782,726 shares of Company common stock at $ 10.00 per share. The loan from the Company carries an interest rate equal to 3.25 % and is repayable in fifteen annual installments through 2035. Each year, the Bank makes discretionary contributions to the ESOP equal to the principal and interest payment required on the loan from the Company. The ESOP may further pay down the principal balance of the loans by using dividends paid, if any, on the shares of Company common stock it owns. The balance remaining on the first ESOP loan was $ 478,000 at December 31, 2024 and was paid off in full at December 31, 2025. The balance remaining on the second ESOP loan was $ 5,529,000 and $ 5,991,000 at December 31, 2025 and 2024. Shares purchased with the loan proceeds serve as collateral for the loan and are held in a suspense account for future allocation among ESOP participants. As the loan principal is repaid, shares will be released from the suspense account and become eligible for allocation. The allocation among plan participants will be as described in the ESOP governing document. ESOP shares initially pledged as collateral were recorded as unearned ESOP shares in the stockholders’ equity section of the Consolidated Statement of Financial Condition. Thereafter, on a monthly basis over the terms of the ESOP loans, approximately 2,894 shares for the ESOP established in 2006 and approximately 4,348 shares for the ESOP established in 2021 are committed to be released, respectively. Compensation expense is recorded equal to the shares committed to be released multiplied by the average closing price of the Company’s stock during that month. ESOP expense during the years ended December 31, 2025 and 2024, totaled approximately $ 1,935,000 and $ 1,839,000 , respectively. Dividends on unallocated shares, which totaled approximately $ 609,000 and $ 452,000 during 2025 and 2024, respectively, are recorded as a reduction of the ESOP loan. Dividends on allocated shares, which totaled approximately $ 869,000 and $ 508,000 during 2025 and 2024, respectively, are charged to retained earnings. ​ ESOP shares are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ ​ 2025 ​ ​ ​ ​ 2024 Allocated shares ​ ​ 868,678 ​ 781,762 Shares committed to be released ​ ​ 86,912 ​ 86,916 Unearned shares ​ ​ 521,819 ​ 608,731 Total ESOP Shares ​ ​ 1,477,409 ​ 1,477,409 Less allocated shares distributed to former or retired employees ​ ​ ( 188,412 ) ​ ( 165,644 ) Total ESOP Shares Held by Trustee ​ ​ 1,288,997 ​ 1,311,765 Fair value of unearned shares ​ $ 11,798,328 ​ $ 14,889,560 ​ F- 35 Table of Contents Northeast Community Bancorp, Inc. Notes to Consolidated Financial Statements Note 17 – Stock Based Compensation At a special shareholders meeting held on September 29, 2022, the Company’s shareholders approved the Company’s 2022 Equity Incentive Plan whereby 1,369,771 shares of the Company’s common stock were reserved from authorized but unissued shares for purposes of grants of incentive stock options, nonqualified stock options, restricted stock, restricted stock units, performance shares and performance units to selected employees and non-employee directors of the Company. The product of the number of shares granted and the grant date market price of the Company’s common stock determine the fair value of restricted stock under the Company’s 2022 Equity Incentive plan. Management recognizes compensation expense for the fair value of restricted stock on a straight-line basis over the requisite service period for the entire award. As of December 31, 2025, there were 19,335 shares available for future awards under this plan. A summary of the Company’s restricted stock activity and related information for the year ended December 31 follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2025 ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ Shares ​ ​ ​ ​ Market Price Outstanding, Beginning of year ​ ​ 234,635 $ 14.58 Granted ​ ​ 7,440 ​ 22.10 Forfeited ​ ​ — ​ — Vested ​ ​ 78,561 ​ 20.09 Outstanding, end of year ​ ​ 163,514 ​ $ 14.92 ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ Shares ​ ​ ​ ​ Market Price Outstanding, Beginning of year ​ ​ 286,508 $ 13.72 Granted ​ ​ 30,000 ​ 22.82 Forfeited ​ ​ — ​ — Vested ​ ​ 81,873 ​ 28.12 Outstanding, end of year ​ ​ 234,635 ​ $ 14.58 ​ Compensation expense related to restricted stock was $ 1,195,000 and $ 1,199,000 for the years ended December 31, 2025 and 2024. At December 31, 2025 and 2024, the total compensation cost related to non-vested awards that has not yet been recognized was $ 2.3 million and $ 3.3 million, which is expected to be recognized over the next 2 years . ​ F- 36 Table of Contents Northeast Community Bancorp, Inc. Notes to Consolidated Financial Statements Note 17 – Stock Based Compensation (continued) A summary of the Company’s stock option activity and related information for the years ended December 31 follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2025 ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ Options ​ ​ ​ ​ Exercise Price Outstanding, Beginning of year ​ ​ 842,896 $ 13.72 Granted ​ ​ 70,000 ​ 22.30 Forfeited ​ ​ — ​ — Exercised ​ ​ 34,480 ​ ​ 13.37 Outstanding, end of year ​ ​ 878,416 ​ $ 14.42 Exercisable at end of year ​ ​ 470,857 ​ ​ 13.74 ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ Options ​ ​ ​ ​ Exercise Price Outstanding, Beginning of year ​ ​ 880,097 $ 13.67 Granted ​ ​ — ​ — Forfeited ​ ​ — ​ — Exercised ​ ​ 37,201 ​ 12.44 Outstanding, end of year ​ ​ 842,896 ​ $ 13.72 Exercisable at end of year ​ ​ 336,558 ​ ​ 13.72 ​ The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions: ​ ​ ​ ​ ​ ​ Pricing Model Assumption Ranges ​ 2025 Risk-free interest rate ​ 4.18 % Expected volatility ​ 31.02 % Expected dividend yield ​ 3.59 % Expected life ​ 6.50 ​ ​ The Compensation cost related to stock options is recognized based on the fair value of the stock options at the grant date on a straight line basis over the vesting period. Compensation expense related to stock options was $ 792,000 and $ 845,000 for the years ended December 31, 2025 and 2024. At December 31, 2025 and 2024, unrecognized compensation cost related to stock option awards was $ 1.7 million and $ 2.1 million, which is expected to be recognized over the next 2 years . Note 18 - Leases The Company has operating leases and finance leases all comprised of real estate property. The operating leases comprise substantially all of the Company’s obligations in which the Company is the lessee, with remaining lease terms ranging between 1 and 10 years . Most operating lease agreements consist of initial lease terms ranging between 5 and 10 years , with options to renew the leases or extend the term. The finance lease has a remaining lease term of 93 years . The payment structure of all leases is fixed rental payments with lease payments increasing on pre-determined dates at either a predetermined amount or change in the consumer price index. F- 37 Table of Contents Northeast Community Bancorp, Inc. Notes to Consolidated Financial Statements Note 18 – Leases (continued) In accordance with ASC 842, the Company recognized operating and financing lease assets and corresponding lease liabilities related to office facilities and retail branches. The operating and financing lease assets represent the Company’s right to use an underlying asset for the lease term, and the lease liability represents the Company’s obligation to make lease payments over the lease term. The Company has elected that any short term leases would be expensed as incurred. The operating and financing lease asset and lease liability are determined at the commencement date of the lease based on the present value of the lease payments. Our leases do not provide an implicit interest rate. The company used its incremental borrowing rate, the rate of interest to borrow in a collateralized basis for a similar term, at the lease commencement date. All of the leases are net leases and, therefore, do not contain non-lease components. The Company either pays directly or reimburses the lessor for property and casualty insurance cost and the property taxes assessed on the property, as well as a portion of the common area maintenance associated with the property which are categorized as non-components as outlined in the applicable guidance. The quantitative data relates to the Company’s leases are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ ​ December 31, ​ ​ 2025 ​ 2024 Finance Lease Amounts: ​ ​ ​ ​ ​ ROU asset ​ $ 343 ​ $ 347 ​ Lease liability ​ $ 434 ​ $ 609 ​ Operating Lease Amounts: ​ ​ ​ ​ ​ ROU assets ​ $ 4,656 ​ $ 4,001 ​ Lease liabilities ​ $ 4,796 ​ $ 4,108 ​ Finance Lease Cost ​ ​ ​ ​ ​ Amortization of ROU asset ​ $ 4 ​ $ 4 ​ Interest on lease liability ​ $ 39 ​ $ 38 ​ Operating Lease Costs ​ $ 864 ​ $ 789 ​ Cash paid for amounts included in the measurement of lease liabilities ​ ​ ​ ​ ​ Finance lease ​ $ 214 ​ $ — ​ Operating leases ​ $ 825 ​ $ 740 ​ Weighted-average remaining lease term ​ ​ ​ ​ ​ Finance lease ​ 91 years ​ 92 years ​ Operating leases ​ 6.49 years ​ 7.87 years ​ Weighted-average discount rate ​ ​ ​ ​ ​ Finance lease ​ 9.50 % 9.50 % Operating leases ​ 5.01 % 5.25 % ​ ​ F- 38 Table of Contents Northeast Community Bancorp, Inc. Notes to Consolidated Financial Statements Note 18 – Leases (continued) Maturities of lease liabilities at December 31, 2025 are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating ​ ​ ​ Finance ​ ​ Leases ​ Lease Years ended December 31: ​ ​ ​ ​ ​ ​ 2026 ​ $ 908 ​ $ 31 2027 ​ 934 ​ 36 2028 ​ 942 ​ 36 2029 ​ 760 ​ 36 2030 ​ 637 ​ 36 Thereafter ​ 1,484 ​ 3,896 Total lease payments ​ $ 5,665 ​ $ 4,071 Interest ​ ( 869 ) ​ ( 3,637 ) Lease liability ​ $ 4,796 ​ $ 434 ​ ​ Note 19 – Contingencies The Company and Bank are also subject to claims and litigation that arise primarily in the ordinary course of business. Based on information presently available and advice received from legal counsel representing the Company and Bank in connection with such claims and litigation, it is the opinion of management that the disposition or ultimate determination of such claims and litigation will not have a material adverse effect on the consolidated financial position, results of operations or liquidity of the Company. ​ Note 20 - Fair Value Disclosures The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. The Company’s securities available for sale are recorded at fair value on a recurring basis. Additionally, from time to time, the Company has to record at fair value other assets and liabilities on a non-recurring basis, such as securities held to maturity, impaired loans and other real estate owned. U.S. GAAP has established a fair value hierarchy that prioritizes the inputs to valuation methods used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows: Level 1 : Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. ​ Level 2: Quoted prices in markets that are not active, or inputs that are observable either directly or indirectly, for substantially the full term of the asset or liability. ​ Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e., supported with little or no market activity). ​ F- 39 Table of Contents Northeast Community Bancorp, Inc. Notes to Consolidated Financial Statements Note 20 - Fair Value Disclosures (continued) An asset’s or liability’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The following table sets forth the Company’s assets that are carried at fair value on a recurring basis and the level that was used to determine their fair value at December 31: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted Prices in ​ Significant Other ​ Significant ​ Total Carried ​ ​ Active Markets for ​ Observable ​ Unobservable ​ at Fair ​ ​ Identical Assets ​ Inputs ​ Inputs ​ Value on a ​ ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ Recurring Basis ​ ​ December 31, ​ December 31, ​ December 31, ​ December 31, ​ December 31, ​ December 31, ​ December 31, ​ December 31, Description ​ ​ ​ 2025 ​ ​ ​ 2024 ​ ​ ​ 2025 ​ ​ ​ 2024 ​ ​ ​ 2025 ​ ​ ​ 2024 ​ ​ ​ 2025 ​ ​ ​ 2024 Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Marketable equity securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mutual funds ​ $ 26,570 ​ $ 21,994 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 26,570 ​ $ 21,994 Total assets ​ $ 26,570 ​ $ 21,994 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 26,570 ​ $ 21,994 ​ There were no transfers between Level 1 and 2 during the years ended December 31, 2025 and 2024. The Company did no t have any liabilities that were carried at fair value on a recurring basis at December 31, 2025 and 2024. The following table sets forth the Company’s assets that are carried at fair value on a non-recurring basis and the level that was used to determine their fair value, at December 31: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted Prices in ​ Significant Other ​ Significant ​ Total Carried ​ ​ Active Markets for ​ Observable ​ Unobservable ​ at Fair ​ ​ Identical Assets ​ Inputs ​ Inputs ​ Value on a ​ ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ Non-Recurring Basis ​ ​ December 31, ​ December 31, ​ December 31, ​ December 31, ​ December 31, ​ December 31, ​ December 31, ​ December 31, Description ​ ​ ​ 2025 ​ ​ ​ 2024 ​ ​ ​ 2025 ​ ​ ​ 2024 ​ ​ ​ 2025 ​ ​ ​ 2024 ​ ​ ​ 2025 ​ ​ ​ 2024 ​ (In Thousands) Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real estate owned ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 5,120 ​ $ — ​ $ 5,120 Total assets ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 5,120 ​ $ — ​ $ 5,120 ​ The following tables present the qualitative information about non-recurring Level 3 fair value measurements of financial instruments at the periods indicated: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2024 ​ ​ ​ ​ Fair ​ ​ ​ Valuation ​ ​ ​ Unobservable ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​Value ​ Technique ​ Input ​ Range ​ Average ​ ​ (In Thousands) Assets: ​ ​ ​ ​ ​ ​ ​ ​ Real estate owned ​ $ 767 ​ Sales approach ​ Adjustment to sales comparison value ​ - 40 % to - 10 % ​ - 40 % to - 10 % ​ Real estate owned ​ 4,353 Income approach Capitalization rate 6.00 % ​ 6.00 % ​ ​ The Company did no t have any collateral dependent loans at December 31, 2025. The Company did no t have any liabilities that were carried at fair value on a non-recurring basis at December 31, 2025 and 2024. F- 40 Table of Contents Northeast Community Bancorp, Inc. Notes to Consolidated Financial Statements Note 20 – Fair Value Disclosures (continued) The methods and assumptions used to estimate fair value at December 31, 2025 and 2024 are as follows: For real estate owned, fair value is generally determined through independent appraisals or fair value estimations of the underlying properties which generally include various Level 3 inputs which are not identifiable. The appraisals or fair value estimation may be adjusted by management for qualitative reasons and estimated liquidation expenses. Management’s assumptions may include consideration of location and occupancy of the property and current economic conditions. Subsequently, as these properties are actively marketed, the estimated fair values may be periodically adjusted through incremental subsequent write-downs to reflect decreases in estimated values resulting from sales price observations and the impact of changing economic and market conditions. A loan is considered individually evaluated for credit loss when, based upon current information and events, it is probable that the Company will be unable to collect all scheduled payments in accordance with the contractual terms of the loan. Individually evaluated loans that are collateral dependent are written down to fair value through the establishment of specific reserves, a component of the allowance for credit losses or through partial charge-offs, and as such are carried at the lower of cost or the fair value. Estimates of fair value of the collateral are determined based on a variety of information, including available valuations from certified appraisers for similar assets, present value of discounted cash flows and inputs that are estimated based on commonly used and generally accepted industry liquidation advance rates and estimates and assumptions developed by management. The appraisals may be adjusted by management for estimated liquidation expenses and qualitative factors such as economic conditions. If real estate is not the primary source of repayment, present value of discounted cash flows and estimates using generally accepted industry liquidation advance rates are utilized. Due to the multitude of assumptions, many of which are subjective in nature, and the varying inputs and techniques used by appraisers, the Company recognizes that valuations could differ across a wide spectrum of valuation techniques employed and accordingly, fair value estimates for impaired loans are classified as Level 3. ​ Management uses its best judgment in estimating the fair value of the Company’s financial instruments; however, there are inherent weaknesses in any estimation technique. Therefore, for substantially all financial instruments, the fair value estimates herein are not necessarily indicative of the amounts the Company could have realized in a sales transaction on the dates indicated. The estimated fair value amounts have been measured as of their respective year-ends and have not been re-evaluated or updated for purposes of these financial statements subsequent to those respective dates. As such, the estimated fair values of these financial instruments subsequent to the respective reporting dates may be different than the amounts reported at each year-end. The following information should not be interpreted as an estimate of the fair value of the entire Company since a fair value calculation is only provided for a limited portion of the Company’s assets and liabilities. Due to a wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between the Company’s disclosures and those of other companies may not be meaningful. The following methods and assumptions were used to estimate the fair values of the Company’s financial instruments at December 31, 2025 and 2024: Securities Fair values for marketable equity securities are determined by quoted market prices on nationally recognized and foreign securities exchanges (Level 1). Fair values for securities available for sale and held to maturity are determined utilizing Level 2 inputs. For these securities, the Company obtains fair value measurements from an independent pricing service. The fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, the U.S. Treasury yield curve, live trading levels, trade execution data, market consensus prepayments speeds, credit information and the security’s terms and conditions, among other things. ​ F- 41 Table of Contents Northeast Community Bancorp, Inc. Notes to Consolidated Financial Statements Note 20 - Fair Value Disclosures (continued) Securities (continued) The carrying amounts and estimated fair value of our financial instruments are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value at December 31, 2025 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Prices in ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Active ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Markets for ​ Other ​ Significant ​ ​ ​ ​ ​ ​ ​ Identical ​ Observable ​ Unobservable ​ ​ Carrying ​ ​ ​ ​ Assets ​ Inputs ​ Inputs (In thousands) ​ ​ ​ Amount ​ ​ ​ Fair Value ​ ​ ​ (Level 1) ​ ​ ​ (Level 2) ​ ​ ​ (Level 3) Financial Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 81,175 ​ $ 81,175 ​ $ 81,175 ​ $ — ​ $ — Certificates of deposit ​ ​ 100 ​ ​ 100 ​ ​ — ​ ​ 100 ​ ​ — Marketable equity securities ​ ​ 26,570 ​ ​ 26,570 ​ ​ 26,570 ​ ​ — ​ ​ — Securities held to maturity ​ ​ 18,315 ​ ​ 15,527 ​ ​ — ​ ​ 15,527 ​ ​ — Loans receivable, net ​ ​ 1,855,603 ​ ​ 1,853,900 ​ ​ — ​ ​ — ​ ​ 1,853,900 Investments in restricted stock ​ ​ 410 ​ ​ 410 ​ ​ — ​ ​ 410 ​ ​ — Accrued interest receivable ​ ​ 12,228 ​ ​ 12,228 ​ ​ — ​ ​ 12,228 ​ ​ — Financial Liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ ​ 1,616,901 ​ ​ 1,619,565 ​ ​ — ​ ​ 1,619,565 ​ ​ — Accrued interest payable ​ ​ 513 ​ ​ 513 ​ ​ — ​ ​ 513 ​ ​ — Borrowings ​ ​ 70,000 ​ ​ 70,000 ​ ​ 70,000 ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value at December 31, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Prices in ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Active ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Markets for ​ Other ​ Significant ​ ​ ​ ​ ​ ​ ​ Identical ​ Observable ​ Unobservable ​ ​ Carrying ​ ​ ​ ​ Assets ​ Inputs ​ Inputs (In thousands) ​ ​ ​ Amount ​ ​ ​ Fair Value ​ ​ ​ (Level 1) ​ ​ ​ (Level 2) ​ ​ ​ (Level 3) Financial Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 78,259 ​ $ 78,259 ​ $ 78,259 ​ $ — ​ $ — Certificates of deposit ​ ​ 100 ​ ​ 100 ​ ​ — ​ ​ 100 ​ ​ — Marketable equity securities ​ ​ 21,994 ​ ​ 21,994 ​ ​ 21,994 ​ ​ — ​ ​ — Securities held to maturity ​ ​ 14,616 ​ ​ 11,858 ​ ​ — ​ ​ 11,858 ​ ​ — Loans receivable ​ ​ 1,807,768 ​ ​ 1,801,607 ​ ​ — ​ ​ — ​ ​ 1,801,607 Investments in restricted stock ​ ​ 397 ​ ​ 397 ​ ​ — ​ ​ 397 ​ ​ — Accrued interest receivable ​ ​ 13,481 ​ ​ 13,481 ​ ​ — ​ ​ 13,481 ​ ​ — Financial Liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ ​ 1,670,375 ​ ​ 1,674,376 ​ ​ — ​ ​ 1,674,376 ​ ​ — ​ ​ ​ F- 42 Table of Contents Northeast Community Bancorp, Inc. Notes to Consolidated Financial Statements Note 21 – Related Party Transactions The Company had no loans to related parties at December 31, 2025 and 2024. In addition, the Company did not originate any loans to related parties in 2025 and 2024. Deposits of related parties at the Company totaled $ 2.7 million and $ 2.1 million at December 31, 2025 and 2024, respectively. Joel L. Morgenthau was appointed and served as a director of the Company since 2024, and he also served as an attorney with Moritt Hock & Hamroff LLP, a law firm that provides legal services to the Company. During the fiscal year ended December 31, 2025 and 2024, the Company paid $ 303,000 and $ 94,000 to the firm respectively. Kevin P. O’Malley served as a director of the Company during the year ended December 31, 2024 and during that time, also served as an attorney with Kevin P. O’Malley, P.C., a law firm that provides construction loan closing services to borrowers of the Company. During the fiscal year ended December 31, 2024, construction loan borrowers of the Company paid $ 541,000 in legal fees to Mr. O’Malley’s law firm in connection with closing of construction loans. ​ Note 22 – Revenue Recognition The majority of the Company’s revenues come from interest income and other sources, including loans and securities that are outside the scope of ASC 606. The Company’s services that fall within the scope of ASC 606 are presented within noninterest income and are recognized as revenue as the Company satisfies its obligation to the customer. Services within the scope of ASC 606 include deposit service charges on deposits, electronic banking fees and charges income, and investment advisory fees. A contract asset balance occurs when an entity performs a service for a customer before the customer pays consideration (resulting in a contract receivable) or before payment is due (resulting in a contract asset). A contract liability balance is an entity’s obligation to transfer a service to a customer for which the entity has already received payment (or payment is due) from the customer. The Company’s noninterest revenue streams are largely based on transactional activity, or standard month-end revenue accruals such as referral fees based month end reports. Consideration is often received immediately or shortly after the Company satisfies its performance obligation and revenue is recognized. The Company does not typically enter into long-term revenue contracts with customers, and therefore, does not experience significant contract balances. As of December 31, 2025 and 2024, the Company did not have any significant contract balances. All of the Company’s revenue from contracts with customers within the scope of ASC 606 is recognized within noninterest income. The following table presents the Company’s sources of noninterest income for the years ended December 31, 2025 and 2024. Sources of revenue outside the scope of ASC 606 are noted as such: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ 2025 ​ ​ ​ 2024 ​ ​ (In Thousands) Non-interest income: ​ ​ ​ ​ ​ Deposit-related fees and charges ​ $ 67 ​ $ 64 Loan-related fees and charges (1) ​ 1,464 ​ 1,039 Electronic banking fees and charges ​ 1,183 ​ 995 (Loss) gain on disposition of equipment (1) ​ ( 6 ) ​ 22 Income from bank owned life insurance (1) ​ 695 ​ 656 Unrealized gain (loss) on equity securities (1) ​ 576 ​ ( 109 ) Miscellaneous (1) ​ 114 ​ 116 Total non-interest income ​ $ 4,093 ​ $ 2,783 (1) Not within the scope of ASC 606. F- 43 Table of Contents Northeast Community Bancorp, Inc. Notes to Consolidated Financial Statements Note 22 – Revenue Recognition (continued) A description of the Company’s revenue streams accounted for under ASC 606 is as follows: Service Charges on Deposit Accounts The Company earns fees from deposit customers for transaction-based, account maintenance, and overdraft services. Transaction-based fees, which include services such as ATM use fees, stop payment charges, statement rendering, and ACH fees, are recognized at the time the transaction is executed at the point in the time the Company fulfills the customer’s request. The Company discontinued the imposition of overdraft fees on all consumer and business accounts in August 2022. Account maintenance fees, which relate primarily to monthly maintenance, are earned over the course of a month, representing the period over which the Company satisfies the performance obligation. Overdraft fees are recognized at the point in time that the overdraft occurs. Service charges on deposits are withdrawn from the customer’s account balance. Electronic Banking Fee Income The Company earns interchange fees from debit and credit card holder transactions conducted through various payment networks. Interchange fees from cardholder transactions are recognized daily, concurrently with the transaction processing services provided by an outsourced technology solution. ​ Note 23 – Recent Accounting Pronouncements In October 2023, the FASB issued ASU 2023-06, Disclosure Improvement: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative , which incorporates several SEC disclosure requirements into US GAAP and adds interim and annual disclosure requirements to a variety of topics in the Accounting Standards Codification, including those focusing on accounting changes, earnings per share, debt and repurchase agreements. For entities subject to the SEC disclosure requirements and those “required to file or furnish financial statements with or to the SEC in preparation for the sale of or for purposes of issuing securities that are not subject to contractual restrictions on transfer,” the US GAAP requirements will be effective when the removal of the related SEC rule is effective. Early adoption is not permitted for these entities. For all other entities, the effective date will be two years later, and early adoption is permitted. That is, financial statements issued after the effective date of each amendment are required to include on a prospective basis the related disclosure incorporated into US GAAP by this ASU. However, if the SEC does not act to remove its related requirements by June 30, 2027, any related FASB amendments will be removed from the Codification and will not be effective for any entities. In November 2024, the FASB issued ASU 2024-03, Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures . This ASU requires disclosure in the notes to financial statements of specified information about certain costs and expenses. Specific disclosures are required for (a) purchases of inventory, (b) employee compensation, (c) depreciation, (d) intangible asset amortization, and (e) depreciation, depletion, and amortization recognized as part of oil and gas producing activities. The amendments in this Update do not change or remove current expense disclosure requirements. However, the amendments affect where this information appears in the notes to financial statements because entities are required to include certain current disclosures in the same tabular format disclosure as the other disaggregation requirements in the amendments. The amendments in ASU 2024-03 apply only to public business entities and are effective for fiscal years beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027, with early adoption permitted. This Update is not expected to have a significant impact on the Company’s financial statements. In January 2025, the FASB issued ASU 2025-01, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40) , which revises the effective date of ASU 2024-03 (on disclosures about disaggregation of income statement expenses) “to clarify that all public business entities are required to adopt the guidance in annual reporting periods beginning after December 15, 2026, and interim periods within annual reporting F- 44 Table of Contents Northeast Community Bancorp, Inc. Notes to Consolidated Financial Statements periods beginning after December 15, 2027.” Entities within the ASU’s scope are permitted to early adopt the ASU. This Update is not expected to have a significant impact on the Company’s financial statements. In September 2025, the FASB issued ASU 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software, which modernizes the accounting for internal-use software that is developed using an incremental and iterative method (e.g., agile method). The guidance removes all references to project stages in ASC 350-40 and clarifies the threshold entities apply to begin capitalizing costs. The guidance specifies that the property, plant, and equipment disclosure requirements under ASC 360-10 apply to capitalized software costs accounted for under ASC 350-40, regardless of how those costs are presented in the financial statements. The guidance, which applies to all entities, is effective for fiscal years beginning after December 15, 2027, and interim periods within those fiscal years. Entities may apply the guidance using a prospective, retrospective, or modified transition approach. Early adoption is permitted. This Update is not expected to have a significant impact on the Company’s financial statements. Note 24 - Subsequent Events The Company has evaluated subsequent events for potential recognition and/or disclosure through the date these consolidated financial statements were issued. Note 25 – Parent Company Only Financial Information The following are the condensed financial statements for Northeast Community Bancorp, Inc. (Parent company only) as of December 31, 2025 and 2024 and for the years then ended. Condensed Statements of Financial Condition ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ 2025 ​ ​ ​ 2024 ​ ​ (In Thousand) Assets ​ ​ ​ ​ ​ Cash and due from banks ​ $ 5,164 ​ $ 5,767 Investment in subsidiary ​ 340,428 ​ 292,921 Loans receivable, net of allowance for credit losses of  $ 29 and $ 41 , respectively (1) ​ 3,100 ​ 15,116 ESOP loan receivable ​ 5,529 ​ 6,469 Other assets ​ ​ 193 ​ ​ 109 Total Assets ​ $ 354,414 ​ $ 320,382 Liabilities and Stockholders’ Equity ​ ​ ​ ​ Accounts payable and accrued expenses ​ $ 2,714 ​ $ 2,041 Total Liabilities ​ 2,714 ​ 2,041 Total Stockholders’ Equity ​ 351,700 ​ 318,341 Total Liabilities and Stockholders’ Equity ​ $ 354,414 ​ $ 320,382 (1) Represents participation loans purchased from the Bank ​ F- 45 Table of Contents Northeast Community Bancorp, Inc. Notes to Consolidated Financial Statements Note 25 – Parent Company Only Financial Information (continued) Condensed Statements of Income and Comprehensive Income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years Ended December 31, ​ ​ 2025 ​ ​ ​ 2024 ​ ​ (In Thousand) Interest income – loans ​ $ 234 ​ $ 1,461 Interest income – ESOP loan ​ 598 ​ 285 Interest income – interest-earning deposits ​ 159 ​ 82 Dividend income from subsidiary ​ ​ — ​ ​ 11,000 Operating expenses ​ ( 2,610 ) ​ ( 2,557 ) (Loss) Income before Income Tax Expense and Equity in Undistributed Earnings of Subsidiary ​ ( 1,619 ) ​ 10,271 Income tax benefit ​ ( 482 ) ​ ( 214 ) (Loss) Income before Equity in Undistributed Earnings of Subsidiary ​ ( 1,137 ) ​ 10,485 Equity in undistributed earnings of subsidiary ​ 45,550 ​ 36,589 Net Income ​ $ 44,413 ​ $ 47,074 Comprehensive Income ​ $ 44,422 ​ $ 46,981 ​ Statements of Cash Flow ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years Ended December 31, ​ ​ 2025 ​ ​ ​ 2024 ​ ​ (In Thousand) Cash Flows from Operating Activities ​ ​ ​ ​ ​ Net income ​ $ 44,413 ​ $ 47,074 Adjustments to reconcile net income to net cash provided by operating activities: ​ ​ ​ ​ Equity in undistributed earnings of subsidiary ​ ( 45,550 ) ​ ( 36,589 ) Other, net ​ 2,469 ​ 2,202 Net Cash Provided by Operating Activities ​ 1,332 ​ 12,687 Cash Flows from Investing Activities ​ ​ ​ ​ Repayment of ESOP loan ​ 940 ​ 867 Net decrease (increase) in loans ​ ​ 12,028 ​ ​ ( 1,008 ) Net Cash Provided by (Used in) Investing Activities ​ 12,968 ​ ( 141 ) Cash Flows from Financing Activities ​ ​ ​ ​ Cash dividends paid ​ ( 13,322 ) ​ ( 7,861 ) Stock option exercised ​ ​ — ​ ​ 14 Stock repurchase ​ ​ ( 1,581 ) ​ ​ ( 3,200 ) Net Cash Used in Financing Activities ​ ( 14,903 ) ​ ( 11,047 ) Net (Decrease) Increase in Cash and Cash Equivalents ​ ( 603 ) ​ 1,499 Cash and Cash Equivalents – Beginning ​ 5,767 ​ 4,268 Cash and Cash Equivalents – Ending ​ $ 5,164 ​ $ 5,767 ​ ​ F- 46 Table of Contents Northeast Community Bancorp, Inc. Notes to Consolidated Financial Statements Note 26 – Business Segments ​ Accounting policies for segments are the same as those described in Note 1. The Company has one reportable segment. Substantially most of the Company’s operations occur through the bank and involve the delivery of loan and deposit products to customers. The Company’s chief operating decision maker is the Executive Committee that includes the Chief Executive Officer, Chief Operating Officer and Chief Financial Officer. The Executive Committee assesses performance of the Company on a consolidated basis and decides how to allocate resources based on net income that is also reported as net income on the Consolidated Statement of Income. The Executive Committee uses net income, which is the measure of segment profit and loss, to evaluate income generated from segment assets (return on assets) and other measures, such as net interest margin, return on average assets, and return on common equity, in deciding how to reinvest profits, such as originating loans, investing in investment securities, or to repurchase shares in the Company’s common stock. Net income is used to monitor budget versus actual results. The Executive Committee also uses net income and other measures in comparing to the Company’s peer banks. The comparison of the Company’s net income and other measures to its peer banks, along with the comparison of budgeted versus actual results are used in assessing the Company’s performance and in establishing management compensation. Loans, investments, and deposits provide the revenues in the banking operation. Interest expense and payroll provide the significant expenses in the banking operation. All operations are domestic. ​ F- 47 Table of Contents Northeast Community Bancorp, Inc. Notes to Consolidated Financial Statements Note 26 – Business Segments (continued) ​ The following table presents the Company’s reported segment revenues, profit or loss and significant segment expenses for the years ended December 31, 2025 and 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years Ended December 31, ​ ​ 2025 ​ ​ ​ 2024 ​ ​ (In Thousand) Total interest income ​ $ 154,118 ​ $ 160,013 Total interest expense ​ 53,383 ​ 57,221 Net interest income ​ 100,735 ​ 102,792 Provision for (reversal of) credit losses ​ ​ ( 99 ) ​ ​ 740 Net interest income after provision for credit losses ​ ​ 100,834 ​ ​ 102,052 Total non-interest income ​ ​ 4,093 ​ ​ 2,783 Non-interest expense: ​ ​ ​ ​ ​ ​ Salaries and employee benefits ​ ​ 23,184 ​ ​ 20,942 Occupancy expense ​ ​ 2,992 ​ ​ 2,828 Equipment ​ ​ 868 ​ ​ 890 Outside data processing ​ ​ 3,078 ​ ​ 2,604 Advertising ​ ​ 426 ​ ​ 418 Real estate owned expense ​ ​ 845 ​ ​ 731 Other ​ ​ 11,275 ​ ​ 10,649 Total Non-Interest Expenses ​ ​ 42,668 ​ ​ 39,062 Income before income tax expense ​ ​ 62,259 ​ ​ 65,773 Income tax expense ​ 17,846 ​ 18,699 Segment net income ​ $ 44,413 ​ $ 47,074 ​ ​ ​ ​ ​ ​ ​ Reconciliation of profit or loss ​ ​ ​ ​ ​ ​ Adjustments and reconciling items ​ — ​ — Consolidated net income ​ $ 44,413 ​ $ 47,074 ​ ​ ​ ​ ​ ​ ​ Earnings per common share - Basis ​ $ 3.35 ​ $ 3.58 Earnings per common share - Diluted ​ ​ 3.25 ​ ​ 3.52 ​ The measure of segment assets is reported as total assets on the Consolidated Statement of Condition. The following table presents the Company’s reported segment assets as of December 31, 2025 and 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ 2025 ​ ​ ​ 2024 ​ ​ (In Thousand) Segment assets ​ ​ ​ ​ ​ Adjustments and reconciling items ​ $ — ​ $ — Consolidated total assets ​ 2,063,508 ​ 2,009,581 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ F- 48 Table of Contents ​ SIGNATURES Pursuant to the requirements of Section 13 or 15(d) 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. ​ ​ ​ Dated: March 13, 2026 ​ By: /s/ Kenneth A. Martinek Kenneth A. Martinek Chairman and Chief Executive Officer (Principal Executive Officer) ​ Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. Name ​ ​ ​ Title ​ ​ ​ Date /s/ Kenneth A. Martinek ​ Chairman and Chief Executive Officer ​ March 13, 2026 Kenneth A. Martinek ​ (Principal Executive Officer) ​ ​ ​ /s/ Jose M. Collazo ​ President, Chief Operating Officer and Director ​ March 13, 2026 Jose M. Collazo ​ ​ ​ ​ ​ ​ ​ ​ ​ /s/ Donald S. Hom ​ Executive Vice President and Chief Financial Officer ​ March 13, 2026 Donald S. Hom ​ (Principal Financial and Accounting Officer) ​ ​ ​ /s/ Diane B. Cavanaugh ​ Director ​ March 13, 2026 Diane B. Cavanaugh ​ ​ ​ ​ /s/ Charles M. Cirillo ​ Director ​ March 13, 2026 Charles M. Cirillo ​ ​ ​ ​ ​ /s/ Eugene M. Magier ​ Director ​ March 13, 2026 Eugene M. Magier ​ ​ ​ ​ /s/ Charles A. Martinek ​ Director ​ March 13, 2026 Charles A. Martinek ​ ​ ​ ​ /s/ John F. McKenzie ​ Director ​ March 13, 2026 John F. McKenzie ​ ​ ​ ​ ​ ​ ​ ​ /s/ Joel L. Morgenthau ​ Director ​ March 13, 2026 Joel L. Morgenthau ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Table of Contents ​ /s/ Kenneth H. Thomas ​ Director ​ March 13, 2026 Kenneth H. Thomas ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ /s/ Lynette Bennett ​ Director ​ March 13, 2026 Lynette Bennett ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​