NORTHEAST INDIANA BANCORP, INC. ANNOUNCES SECOND QUARTER 2026 EARNINGS

HUNTINGTON, Ind., July 28, 2026 /PRNewswire/ -- Northeast Indiana Bancorp, Inc., (OTCQB: NIDB), the parent company of First Federal Savings Bank, today announced net income of $1,873,000 ($0.80 per diluted common share) for the quarter ended June 30, 2026 compared to earnings from the quarter ended June 30, 2025 of $1,641,000 ($0.69 per diluted common share). The current three months earnings equate to an annualized return on average assets (ROA) of 1.34% and a return on average equity (ROE) of 13.36% compared to an ROA of 1.19% and an ROE of 13.27% for the quarter ended June 30, 2025.

Net interest income increased $507,000 in the second quarter of 2026 compared to the same period in 2025. Provision for credit loss expense was $155,000 for the 3 months ended June 30, 2026 compared to $200,000 for the 3 months ended June 30, 2025. Total non-interest income was $744,000 in the second quarter of 2026 compared to $708,000 the same period in 2025. Total non-interest expense was $3.3 million for the 3 months ended June 30, 2026 as compared to $3 million for the 3 months ended June 30, 2025.

Net income for the six months ended June 30, 2026, was $3.5 million, or $1.48 per diluted common share, compared to net income of $2.7 million, or $1.13 per diluted common share for the six months ended June 30, 2025. The current six months earnings equate to an annualized ROA of 1.24% and an annualized ROE of 12.44% compared to an annualized ROA of 1.00% and an annualized ROE of 11.02% for the six months ended June 30, 2025. 

Total assets decreased $5.4 million, or -3.9% on an annualized basis, to $553.9 million at June 30, 2026 compared to total assets of $559.3 million at December 31, 2025. Total net loans decreased $12.7 million, or 11.9% on an annualized basis, to $412.6 million at June 30, 2026 compared to total net loans of $425.3 million at December 31, 2025. Total deposits increased $2 million, or 1.7% on an annualized basis, to $457.8 million at June 30, 2026 compared to $455.8 million at December 31, 2025.  

Shareholders' equity increased $1.8 million to $56.7 million at June 30, 2026 compared to $50.4 million at December 31, 2025. The book value of NIDB stock increased $0.48 to $24.11 per common share as of June 30, 2026 compared to $23.63 at March 31, 2026. The number of outstanding common shares was 2,353,405 as of June 30, 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 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 service.

View original content to download multimedia:https://www.prnewswire.com/news-releases/northeast-indiana-bancorp-inc-announces-second-quarter-2026-earnings-302837032.html

SOURCE Northeast Indiana Bancorp, Inc.