NORTHEAST COMMUNITY BANCORP Business Summary

Northeast Community Bancorp (NECB) operates as the holding company for NorthEast Community Bank, a federally chartered savings bank that generates revenue primarily through net interest income and service fees. The company’s business model is centered on specialized lending segments, including multi-family and mixed-use real estate, non-residential real estate, and a high-conviction focus on construction lending within high-absorption sub-markets. As of early 2026, the firm has expanded its New York City cooperative corporation lending program and multi-family portfolio throughout Eastern Massachusetts. NECB competes directly with regional financial institutions such as ConnectOne Bancorp (CNOB), TrustCo Bank Corp NY (TRST), and Parke Bancorp (PKBK), positioning itself as a high-margin, small-cap specialist with a robust loan book exceeding $1.9 billion and a focus on maintaining superior credit quality. The leadership team is characterized by exceptional stability, with an average management tenure of approximately 14 years. Kenneth A. Martinek serves as the Chairman and Chief Executive Officer, having led the institution since its 2006 IPO and possessing over four decades of experience in the banking sector. He is supported by Jose Collazo, who serves as President, and Donald Hom, the Executive Vice President and Chief Financial Officer. The Board of Directors recently underwent a strategic transition in January 2026 with the appointment of Lynette Bennett, who filled the vacancy left by the retirement of long-standing director Linda M. Swan. The company remains a public entity traded on the Nasdaq, frequently noted for its aggressive share repurchase programs and consistent dividend distributions to its institutional and retail investor base.