#USA #Huntington #NIDB #Northeast Indiana #First Federal Savings

Overview of Northeast Indiana Bancorp's Financial Performance

On July 22, 2025, Northeast Indiana Bancorp, Inc. (traded under OTCQB: NIDB), the parent organization of First Federal Savings Bank, released its second-quarter earnings for the period ending June 30, 2025. The report highlighted a net income of $1,641,000, which translates to $0.69 per diluted common share. This reflects an improvement from the $1,594,000 ($0.66 per diluted common share) reported in the prior year’s comparable quarter. This steady growth in earnings reinforces the company's solid financial health in a competitive banking landscape.

Financial Highlights of Q2 2025

• - Return on Assets (ROA): The quarterly results demonstrate an annualized ROA of 1.19%, while the Return on Equity (ROE) stood at 13.27%. This is a slight decrease compared to 1.24% for ROA and 13.80% for ROE in Q2 2024. Such stable ROA and ROE percentages signify that the company continues to efficiently utilize its resources to generate profits.

• - Growth in Net Interest Income: Notably, net interest income surged by $699,000 compared to Q2 2024, which showcases the bank's ability to manage interest income effectively amidst fluctuating economic conditions.

• - Provision for Credit Loss Expenses: The bank reported that the provision for credit loss expenses was $200,000 for the three months ending June 30, 2025, an increase from $75,000 for the same period the previous year. This increase indicates a more cautious approach to potential loan losses, aligning with the bank's commitment to maintaining a robust financial position.

• - Total Non-Interest Income: Total non-interest income was recorded at $708,000, compared to $1.2 million in the second quarter of 2024. The decrease can be attributed to reduced activities in service charges and fees, which reflects the ongoing adjustments within the banking sector.

• - Operational Expense Management: The total non-interest expenses amounted to $3 million for this quarter, down from $3.1 million a year prior. Effective cost management strategies are evident as the bank continues to maintain operational efficiencies.

Year-to-Date Performance

For the first six months of 2025, the total net income reached $2.7 million, or $1.13 per diluted common share, showcasing significant growth from the $2.3 million ($0.96 per diluted common share) achieved in the same timeframe of 2024. This further solidifies the bank’s trajectory towards enhanced profitability and sound financial management.

• - Total Assets Increase: Total assets increased to $556.8 million, reflecting a 13.3% annualized increase from the $522.3 million reported at the end of 2024. This healthy asset growth demonstrates the bank's expanding footprint and resource base in the region.

• - Loan and Deposit Growth: Total gross loans increased by $32 million (up 16.5% on an annualized basis) to $422.6 million from $390.6 million at the end of 2024. Meanwhile, total deposits rose by $25.8 million, amounting to $454.7 million, signaling a strong customer confidence and engagement in their banking services.

• - Shareholder Equity Growth: Shareholders' equity saw an increase of $2.1 million, bringing the total to $50.4 million by June 30, 2025. The book value per share rose to $21.03, enhancing the value returned to shareholders.

Headquarters and Operations

Northeast Indiana Bancorp, Inc. is headquartered at 648 N. Jefferson Street, Huntington, Indiana. The bank provides a comprehensive suite of banking and financial brokerage services through its main office and seven full-service branches located in Huntington, Warsaw, and Fort Wayne.

Coming up, the bank aims to maintain its momentum by leveraging its strengths, enhancing customer service, and navigating complex financial landscapes successfully. With its current trajectory, Northeast Indiana Bancorp is well-positioned for future growth, meeting the needs of its communities while delivering sustained value to its shareholders.

For more information about Northeast Indiana Bancorp, visit their website at www.firstfedindiana.bank.