Northeast Community Bancorp is a small community bank holding company based in White Plains, New York, operating primarily through NorthEast Community Bank, a New York State-chartered savings bank. The bank's core business is originating construction loans to real estate developers and builders, which make up the large majority of its loan portfolio. The bank has a specific niche: it focuses on lending in what it calls "high absorption, homogeneous communities" — primarily Orthodox Jewish communities in Orange, Rockland, and Sullivan Counties, and affordable rental housing in the Bronx — where housing demand consistently exceeds supply. The bank also originates multifamily, mixed-use, C&I, and non-residential real estate loans, though these are secondary. The bank operates eleven branches across the New York Metro area and Massachusetts, plus three loan production offices, and funds itself through retail deposits supplemented by brokered and wholesale deposits. Construction loans carry floating rates indexed to prime plus a margin, making net interest income sensitive to short-term rate movements. The bank disburses construction loan funds in stages as construction progresses, does not provide permanent financing after construction completes, and underwrites conservatively, requiring borrowers to contribute 50-60% of raw land acquisition cost and capping loans at 70% of as-completed appraised value. Most originations come from referrals and repeat borrowers rather than brokers, and the bank occasionally sells participation interests to manage concentration, with a self-imposed single-borrower limit of $45M.