NorthEast Community Bank

NorthEast Community Bank Locations
325 Hamilton Avenue
White Plains, NY 10601
914-684-2500
www.necommunitybank.com

NorthEast Community Bank is headquartered in White Plains and is the 81st largest bank in the state of New York. It is also the 1,375th largest bank in the nation. It was established in 1934 and as of March of 2012, it had grown to 113 employees at 7 locations. NorthEast Community Bank has a 4-star health rating.

Related Posts

3.05% 18-Month CD at NorthEast Community Bank in NY - Nationally Available - 3/11/2009

Update 4/12/09: The CD rates have fallen, but they remain competitive. Please check the bank's website for the latest rates.NorthEast Community Bank is offering several competitive rates on its CDs. The most competitive include a 2.79% APY CD with terms...

4.08% 24-Month CD at NorthEast Community Bank in New York - 2/26/2009

Update 2/27/09: The 4.08% 24-month CD is no longer listed at the bank's website.NorthEast Community Bank is offering several competitive rates on its CDs. The most competitive is the 24-month CD which has an APY of 4.08%. Minimum deposit is $25,000....


Data for Q1 2012


Institution Statistics


NorthEast Community Bank
OTS #02995
FDIC Certificate #29147
BankRate ReportView
Year Established1934
Employees113
Primary RegulatorOCC

Assets and Liabilities

Assets$491.84 million
Loans$353.15 million
Deposits$381.03 million
Equity Capital$88.34 million
Loan Loss Allowance$7.09 million
Unbacked Noncurrent Loans$19.25 million
Real Estate Owned$616,000

Historic Data - March 2011

Assets$436.83 million
Equity Capital$86.49 million
Loan Loss Allowance$5.44 million
Unbacked Noncurrent Loans$20.18 million
Real Estate Owned$933,000

Profit Margin - Quarterly

Net Interest Margin3.41%
Return on Assets0.19%
Return on Equity1.03%
Interest Income$5.04 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio3
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 NorthEast Community Bank had $19.87 million in non-current loans and owned real-estate with $95.42 million in equity and loan loss allowances on hand to cover it. This gives NorthEast Community Bank a Texas Ratio of 20.82% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for NorthEast Community Bank held steady from 22.96% as of March 31, 2011 to 20.82% as of March 31, 2012, resulting in a positive change of 9.33%.This indicates that the balance sheet and financial strength for NorthEast Community Bank has held steady in recent periods.
Deposit Growth5
In the past year, NorthEast Community Bank has increased its total deposits by $62.72 million, resulting in 19.7% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth NorthEast Community Bank has shown is excellent.
Capitalization5
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. NorthEast Community Bank has $491.84 million in assets with $95.42 million in equity, resulting in a capitalization level of 19.40%, which is excellent.
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