NorthEast Community Bancorp, Inc./MD/ Debt Disclosure
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.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 13, 2026 | Showing above |
| 2024 | Mar 14, 2025 | |
| 2023 | Mar 28, 2024 | |
About Debt Disclosures
Debt disclosures detail a company's borrowing structure — the types of instruments, interest rates, maturity schedule, and covenant restrictions that define its financial obligations and flexibility. This section is essential for assessing refinancing risk, interest rate exposure, and the margin of safety against financial distress.
Key signals: the maturity schedule reveals concentration risk — large maturities within 1-2 years during tight credit markets can force dilutive refinancing or asset sales. Compare the fair value of debt against carrying amount to gauge whether the market views the company's credit risk differently than the balance sheet suggests. Watch covenant compliance disclosures for tightening cushions, especially leverage and interest coverage ratios. Variable-rate debt exposure quantifies sensitivity to interest rate changes. Secured versus unsecured mix affects recovery rates and future borrowing capacity. Compare net debt-to-EBITDA against industry peers and covenant limits to assess financial health.