Northeast Community Bancorp, Inc. · NASDAQ:NECB

Northeast Community Bancorp — Shareholder Meeting (May 2024)

6 slides from Northeast Community Bancorp's shareholder meeting presentation, May 23, 2024

  1. Slide 1: Annual Meeting of Stockholders May 23, 2024

    ANNUAL MEETING OF STOCKHOLDERS MAY 23, 2024

  2. Slide 2: Safe Harbor Statement

    Safe Harbor Statement This Presentation may contain statements that constitute forward - looking statements (within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended), which involve significant risks and uncertainties. NorthEast Community Financial, Inc. (t he “Company”)

  3. Slide 3: Loan Balance by Property Types March 31, 2024

    % Total March 2023 Balance March 2024 Balance % Total Loan Balance by Property Types March 31, 2024 *Percentages in pie chart may not add to 100% due to rounding Variance 2024/2023 Var $ Var % Multi - family Loans 197 , 944 , 288 12 . 0% 124 , 983 , 685 9 . 5% 72 , 960 , 603 58 . 4% Non - residentia

  4. Slide 4: CREM - Permanent Loans

    CREM - Permanent Loans as of March 31, 2024 Property Type Balance Rent Control D ebt Service Coverage L oan to Value Ratio New York Location Massachusetts Other Past Due Multi - Family $197,944,288 - 0 - 2.62 40.87% 32.04% 67.56% 0.50% 0.00% Mixed - Use 28,499,8 1 1 - 0 - 2.96 38.80% 95.00% 5.00% 0.

  5. Slide 5: Analysis of Construction Loan Portfolio

    Analysis of Construction Loan Portfolio as of March 31, 2024 By Purpose Type Balance Committed Percent of Total Rental 717,831,191 919,229,213 50.98% Condo 395,257,075 622,626,611 34.53% 1 - 4 Family 85,240,900 139,169,749 7.72% Land 56,627,727 58,730,500 3.26% Office 38,881,889 63,187,855 3.50% Tot

  6. Slide 6: Asset Quality

    Asset Quality 0.27% 0.28% 0.00% 0.00% 0.43% 0.53% 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% 1st Q 2024 YE 2023 YE 2022 YE 2021 YE 2020 YE 2019 Nonperforming Loans to Total Loans 0.31% 0.33% 0.10% 0.16% 0.58% 0.64% 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% 1st Q 2024 YE 2023 YE 2022 YE 2021 YE 2020 YE 2019 NonPe

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