Northeast Indiana Bancorp Reports Strong Financial Growth in Q3 2025

Northeast Indiana Bancorp, Inc., the parent company of First Federal Savings Bank, has recently unveiled its financial results for the third quarter of 2025, revealing a notable increase in both net earnings and assets. For the quarter that concluded on September 30, 2025, the company reported a net income of $1,793,000, translating to $0.76 per diluted share. This performance marks a significant increase compared to the $1,017,000 net income, or $0.43 per diluted share, recorded in the same quarter of the previous year.

Financial Highlights

The earnings reported for Q3 2025 exhibit a considerable improvement with an annualized return on average assets (ROA) of 1.29%, which is a significant leap from 0.79% in Q3 2024. Additionally, the return on average equity (ROE) surged to 13.95%, enhancing from 8.46% year-over-year. Such metrics illustrate a robust financial health and operational efficiency at Northeast Indiana Bancorp.

The increase in net interest income has been particularly striking, as it rose by $934,000 compared to the prior year, demonstrating the company's effective management of interest-bearing assets. Total non-interest income for the third quarter was recorded at $660,000, although this was lower than the $1,000,000 reported in Q3 2024. The overall non-interest expenses amounted to $3,282,000, a slight increase from the $3,128,000 of the previous year.

In addition, the data for the first nine months of the fiscal year has also shown an upward trend. The total net income reached $4,492,000, equating to $1.89 per diluted share, up from $3,333,000, or $1.39 per diluted share, for the same nine-month period in 2024. This period also indicated an annualized ROA of 1.10% and an annualized ROE of 12.02%, compared to 0.87% and 9.49%, respectively, for the previous year.

Asset and Loan Growth

Northeast Indiana Bancorp's total assets saw a remarkable increase, amounting to $559.1 million at the end of September 2025, which indicates a 9.4% annualized growth from the $522.3 million recorded at the end of last year. The total net loans also surged by $35.1 million, representing a 12% annualized increase to reach $425.7 million, compared to $390.6 million at the end of 2024. Similarly, total deposits escalated by $25.8 million, reflecting an 8.1% annualized growth to $454.9 million.

Shareholders' equity has also improved significantly, increasing by $4.9 million to reach $53.2 million as of September 30, 2025, compared to $48.3 million at year-end 2024. The book value of NIDB stock increased from $21.03 to $22.37 per common share between June 30 and September 30, 2025, attributed to the company's attractive earnings and solid asset performance.

Company Overview

Headquartered in Huntington, Indiana, Northeast Indiana Bancorp delivers a broad spectrum of banking and financial brokerage services through its nine full-service offices located across Huntington, Warsaw, Fort Wayne, and Roanoke. The institution’s stock is traded on the OTC Markets Group, Inc. under the symbol