NORTHEAST INDIANA BANCORP, INC. ANNOUNCES FIRST QUARTER 2026 EARNINGS

HUNTINGTON, Ind., April 28, 2026 /PRNewswire/ -- Northeast Indiana Bancorp, Inc., (OTCQB: NIDB), the parent company of First Federal Savings Bank, today announced net income of $1,599,000 ($0.68 per diluted common share) for the first quarter ended March 31, 2026 compared to net income of $1,059,000 ($0.44 per diluted common share) for the first quarter ended March 31, 2025. The current quarter earnings equate to an annualized return on average assets (ROA) of 1.14% and an annualized return on average equity (ROE) of 11.51% compared to an annualized ROA of 0.80% and an annualized ROE of 8.71% for the first quarter ending March 31, 2025. 

Net interest income increased $615,000 in the first quarter of 2026 compared to the same period in 2025. Provision for credit loss expense decreased by $440,000 for the three months ended March 31, 2026 as compared to the same period in 2025. Total non-interest income was $664,000 in the first quarter of 2026 compared to $712,000 the same period in 2025. Total non-interest expense was $3,314,000 for the three months ended March 31, 2026 as compared to $3,045,000 for the three months ended March 31, 2025.

Total assets decreased $1.6 million, or -1.1% on an annualized basis, to $557.8 million at March 31, 2026 compared to total assets of $559.3 million at December 31, 2025. Total net loans decreased $4 million, or -3.8% on an annualized basis, to $421.2 million at March 31, 2026 compared to total loans of $425.3 million at December 31, 2025. Total deposits increased $2.3 million, or 2% on an annualized basis, to $458.1 million at March 31, 2026 compared to $455.8 million at December 31, 2025.

Shareholders' equity increased $1 million to $55.9 million at March 31, 2026 compared to $54.9 million at December 31, 2025. The book value of NIDB stock increased $0.44 to $23.63 per common share as of March 31, 2026, compared to $23.19 at December 31, 2025. The number of outstanding common shares was 2,366,342 as of March 31, 2026. 

Northeast Indiana Bancorp, Inc. is headquartered at 648 N. Jefferson Street, Huntington, Indiana. The company offers a full array of banking and financial brokerage services to its customers through its nine full-service Indiana offices in Huntington (3), Warsaw (2), Fort Wayne (3) and Roanoke (1). The Company trades on the OTC Markets Group, Inc. (www.otcmarkets.com) utilizing the OTCQB platform under the symbol "NIDB". Our web site address is http://www.firstfedindiana.bank.

This press release may contain forward-looking statements, which are based on management's current expectations regarding economic, legislative and regulatory issues. Factors which may cause future results to vary materially include, but are not limited to, general economic conditions, changes in interest rates, loan demand, and competition. Additional factors include changes in accounting principles, policies or guidelines; changes in legislation or regulation; and other economic, competitive, regulatory and technological factors affecting each company's operations, pricing, products and services.

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SOURCE Northeast Indiana Bancorp, Inc.