--- title: "NORTHEAST INDIANA BANCORP, INC. ANNOUNCES FOURTH QUARTER AND ANNUAL EARNINGS | NIDB Stock News" type: "News" locale: "en" url: "https://longbridge.com/en/news/273910043.md" description: "Northeast Indiana Bancorp, Inc. (OTCQB: NIDB) reported a net income of $1.77 million for Q4 2025, up from $972,000 in Q4 2024, with earnings per share increasing to $0.75. For the full year, net income rose to $6.3 million, or $2.64 per share, compared to $4.3 million in 2024. Total assets increased by 7% to $559.3 million, and total deposits rose by 6.3% to $455.8 million. The company has maintained its status on the Dividend Champions List, increasing dividends for 31 consecutive years. CEO Michael S. Zahn expressed optimism about future performance." datetime: "2026-01-27T16:35:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/273910043.md) - [en](https://longbridge.com/en/news/273910043.md) - [zh-HK](https://longbridge.com/zh-HK/news/273910043.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/273910043.md) | [繁體中文](https://longbridge.com/zh-HK/news/273910043.md) # NORTHEAST INDIANA BANCORP, INC. ANNOUNCES FOURTH QUARTER AND ANNUAL EARNINGS | NIDB Stock News , /PRNewswire/ -- Northeast Indiana Bancorp, Inc., (OTCQB: NIDB), the parent company of First Federal Savings Bank, today announced net income of $1,774,000 ($0.75 per diluted common share) for the fourth quarter ended December 31, 2025 compared to net income of $972,000 ($0.41 per diluted common share) for the fourth quarter ended December 31, 2024. The current quarter earnings equate to an annualized return on average assets (ROA) of 1.27% and an annualized return on average equity (ROE) of 13.14% compared to an annualized ROA of 0.74% and an annualized ROE of 8.01% for the fourth quarter ending December 31, 2024. Net interest income increased $838,000 in the fourth quarter of 2025 compared to the same period in 2024. Provision for credit loss expense decreased by $574,000 for the three months ended December 31, 2025 as compared to the same period in 2024. Total non-interest income was $611,000 in the fourth quarter of 2025 compared to $660,000 the same period in 2024. Total non-interest expense was $3,333,000 for the three months ended December 31, 2025 as compared to $3,126,000 for the three months ended December 31, 2024. Net income for the year ended December 31, 2025, was $6.3 million, or $2.64 per diluted common share, compared to net income of $4.3 million, or $1.80 per diluted common share for the year ended December 31, 2024. The current year earnings equate to an annualized ROA of 1.14% and an annualized ROE of 12.32% compared to an annualized ROA of 0.84% and an annualized ROE of 9.13% for the year ended December 31, 2024. Total assets increased $37 million, or 7%, to $559.3 million at December 31, 2025 compared to total assets of $522.3 million at December 31, 2024. Total net loans increased $34.7 million, or 8.9%, to $425.3 million at December 31, 2025 compared to total loans of $390.6 million at December 31, 2024. Total deposits increased $26.9 million, or 6.3% on an annualized basis, to $455.8 million at December 31, 2025 compared to $428.9 million at December 31, 2024. Shareholders' equity increased $6.6 million to $54.9 million at December 31, 2025 compared to $48.3 million at December 31, 2024. The book value of NIDB stock increased $3.05 to $23.19 per common share as of December 31, 2025, compared to $20.14 the previous year-end. The number of outstanding common shares was 2,367,741 as of December 31, 2025. Additionally, Northeast Indiana Bancorp, Inc. maintained its position on the Dividend Champions List. To achieve Champion status, a company must increase its dividend payments to its shareholders for 25 consecutive years. Northeast Indiana Bancorp, Inc. is one of 146 companies in the United States to achieve this status. With the latest dividend increase in the fourth quarter of 2025, Northeast Indiana Bancorp has increased dividends 31 years in a row. Michael S. Zahn, President and CEO, commented, "I am very pleased with our financial performance in 2025. Our team does an amazing job serving our customers and our communities. I am optimistic that we will continue to meet the expectations of our customers and shareholders while helping to make the communities which we serve the best versions of themselves." 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 services. **NORTHEAST INDIANA BANCORP, INC.** **CONDENSED CONSOLIDATED FINANCIAL STATEMENTS** December 31, December 31, **Balance Sheet (Unaudited)** 2025 2024 (Audited) **_Assets_** Non-interest earning cash and cash equivalents $ 3,894,280 $ 3,754,395 Interest-earning cash and cash equivalents 3,185,624 6,452,143 Total cash and cash equivalents 7,079,904 10,206,538 Interest-earning time deposits 1,470,000 4,275,000 Securities available for sale 82,257,908 74,789,791 Securities held to maturity 11,545,964 11,602,482 Loans held for sale 81,200 71,200 Loans, gross 431,869,990 397,334,479 Allowance for credit losses (6,593,425) (6,771,171) Loans, net 425,276,565 390,563,308 Accrued interest receivable 2,574,430 2,237,407 Premises and equipment 8,669,720 7,907,303 FHLB Stock 2,835,000 2,835,000 Cash surrender value of life insurance 12,502,813 12,159,543 Other assets 5,040,484 5,676,203 **Total Assets** $ 559,333,988 $ 522,323,775 **_Liabilities and Stockholders' Equity_** Non-interest bearing deposits $ 51,188,798 $ 48,168,488 Interest bearing deposits 404,656,646 380,771,626 Borrowed funds 44,400,000 41,000,000 Accrued interest payable and other liabilities 4,173,430 4,106,965 **Total Liabilities** 504,418,874 474,047,079 Stockholders' equity 54,915,114 48,276,696 **Total Liabilities and Stockholders' Equity** $ 559,333,988 $ 522,323,775 Three months ended Twelve months ended December 31, September 30, December 31, December 31, December 31, **Income Statement (Unaudited)** 2025 2025 2024 2025 2024 **_Net interest income_** Total interest income $ 7,936,531 $ 8,055,361 $ 7,243,589 $ 30,947,699 $ 28,234,218 Total interest expense 3,129,838 3,311,854 3,275,092 12,797,245 13,067,903 Net interest income 4,806,693 4,743,507 3,968,497 18,150,454 15,166,315 **_Provision for credit loss expense_** Loans \- \- 423,538 809,017 1,518,538 Off-balance sheet credit exposures (45,000) (35,000) 105,000 (69,000) 35,000 Total provision for credit loss expense (45,000) (35,000) 528,538 740,017 1,553,538 **_Net interest income after provision for credit losses_** 4,851,693 4,778,507 3,439,959 17,410,437 13,612,777 **_Non-interest income_** Service charges on deposit accounts 171,625 177,533 176,311 670,377 704,644 Interchange fees 192,598 200,695 195,040 783,032 811,235 Loan servicing fees 80,392 83,947 69,887 364,737 340,874 Net gain on sale of loans 116,150 139,754 57,991 409,019 341,272 Increase in cash surrender value of life insurance 87,324 87,080 84,117 343,270 333,516 Net loss on sales of available-for-sale securities (128,680) (119,062) \- (247,720) \- Other income 91,726 89,595 76,746 367,468 1,038,031 Total non-interest income 611,135 659,542 660,092 2,690,183 3,569,572 **_Non-interest expense_** Salaries and employee benefits 1,712,322 1,747,045 1,529,333 6,816,055 6,459,098 Occupancy 426,660 439,253 365,647 1,711,332 1,474,751 Data processing 474,230 385,504 433,325 1,485,877 1,704,538 Deposit insurance premiums 79,082 75,000 57,000 314,082 294,000 Professional fees 238,807 225,147 167,477 761,932 622,157 Advertising and marketing fees 102,299 94,741 61,688 369,108 335,887 Correspondent bank charges 27,605 29,436 53,454 108,197 173,480 Other expense 271,799 285,664 458,329 1,111,908 1,406,067 Total non-interest expense 3,332,804 3,281,790 3,126,253 12,678,491 12,469,978 Income before income taxes 2,130,024 2,156,259 973,798 7,422,129 4,712,371 Income tax expense 355,997 363,699 1,341 1,155,875 406,812 Net income $ 1,774,027 $ 1,792,560 $ 972,457 $ 6,266,254 $ 4,305,559 Three months ended Twelve months ended December 31, September 30, December 31, December 31, December 31, **Selected Financial Ratios and Other Financial Data (Unaudited)** 2025 2025 2024 2025 2024 Average shares outstanding - basic 2,358,273 2,369,920 2,378,357 2,372,147 2,393,143 Average shares outstanding - diluted 2,358,405 2,369,920 2,378,357 2,372,180 2,393,143 Basic earnings per share $ 0.75 $ 0.76 $ 0.41 $ 2.64 $ 1.80 Diluted earnings per share $ 0.75 $ 0.76 $ 0.41 $ 2.64 $ 1.80 Net interest margin 3.56 % 3.53 % 3.13 % 3.42 % 3.06 % Return on average assets 1.27 % 1.29 % 0.74 % 1.14 % 0.84 % Return on average equity 13.14 % 13.95 % 8.01 % 12.32 % 9.13 % Efficiency ratio 61.52 % 60.74 % 67.54 % 60.84 % 66.56 % **_Allowance for credit losses:_** Balance, beginning of period $ 6,608,476 $ 6,595,962 $ 6,326,783 $ 6,771,171 $ 5,335,305 Charge-offs: One-to-four family \- \- \- \- 39,022 Commercial real estate \- \- \- \- \- Land/land development \- \- \- \- \- Commercial \- \- 20,441 959,749 20,441 Consumer 27,845 21,485 21,194 168,165 168,743 Gross charge-offs 27,845 21,485 41,635 1,127,914 228,206 Recoveries: One-to-four family \- \- 39,022 3,247 40,544 Commercial real estate \- \- \- \- \- Land/land development \- \- \- \- \- Commercial \- 1,705 \- 1,705 \- Consumer 12,794 32,294 23,463 136,199 104,990 Gross recoveries 12,794 33,999 62,485 141,151 145,534 Net charge-offs (recoveries) 15,051 (12,514) (20,850) 986,763 82,672 Provision for credit losses \- \- 423,538 809,017 1,518,538 Balance, end of period $ 6,593,425 $ 6,608,476 $ 6,771,171 $ 6,593,425 $ 6,771,171 Net loan charge-offs (recoveries) to average loans 0.01 % \-0.01 % \-0.02 % 0.23 % 0.02 % As of December 31, September 30, December 31, **_Non-performing assets_** 2025 2025 2024 Loans: Non-accrual $ 5,447,240 $ 5,082,212 $ 5,031,555 Past 90 days or more and still accruing \- \- \- Troubled debt modification 2,529,489 2,529,489 926,960 Total non-performing loans 7,976,729 7,611,701 5,958,515 Real estate owned \- \- \- Other repossessed assets \- \- \- Total non-performing assets $ 7,976,729 $ 7,611,701 $ 5,958,515 Non-performing assets to total assets 1.43 % 1.36 % 1.14 % Non-performing loans to gross loans 1.85 % 1.76 % 1.50 % Allowance for credit losses to non-performing loans 82.66 % 86.82 % 113.64 % Allowance for credit losses to gross loans 1.53 % 1.53 % 1.70 % **_Other financial ratios_** Tangible common equity 9.82 % 9.51 % 9.24 % Book value per share $ 23.19 $ 22.37 $ 20.14 Common shares outstanding 2,367,741 2,376,066 2,397,496 (1) Ratios for three-month periods are annualized SOURCE Northeast Indiana Bancorp, Inc. ### Related Stocks - 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