NORTHEAST INDIANA BANCORP, INC. ANNOUNCES FOURTH QUARTER AND ANNUAL EARNINGS

Rhea-AI Summary

Northeast Indiana Bancorp (OTCQB: NIDB) reported net income of $1.774M for Q4 2025 and $6.266M for full-year 2025, with diluted EPS of $0.75 and $2.64, respectively. Annualized ROA rose to 1.14% and ROE to 12.32%.

Total assets grew 7% to $559.3M; net loans rose 8.9% to $425.3M; deposits increased to $455.8M. Book value per share was $23.19 at year-end. Company extended its dividend increase streak to 31 years.

Positive

• Net income rose to $6.266M for 2025
• Net loans increased 8.9% to $425.3M
• Total assets grew 7% to $559.3M
• Book value per share increased $3.05 to $23.19

Negative

• Non-performing loans increased 34% to $7.977M
• Allowance to NPLs fell to 82.66% from 113.64%
• Net loan charge-offs rose to 0.23% of average loans
• Income tax expense increased to $1.156M from $406,812

News Market Reaction

+3.93%

1 alert

+3.93% News Effect

On the day this news was published, NIDB gained 3.93%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

HUNTINGTON, Ind., Jan. 27, 2026 /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

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/northeast-indiana-bancorp-inc-announces-fourth-quarter-and-annual-earnings-302671876.html

SOURCE Northeast Indiana Bancorp, Inc.

FAQ

What were Northeast Indiana Bancorp (NIDB) Q4 2025 earnings per share?

Diluted EPS for Q4 2025 was $0.75. According to the company, Q4 net income totaled $1.774M, reflecting higher net interest income and lower provision for credit losses versus prior year.

How did NIDB's loan portfolio change by December 31, 2025?

Total net loans increased 8.9% to $425.3M as of December 31, 2025. According to the company, loan growth contributed materially to asset expansion and higher interest income in 2025.

What was Northeast Indiana Bancorp's return on equity (ROE) for 2025?

Annualized ROE for 2025 was 12.32%. According to the company, improved net income and higher shareholders' equity supported the stronger ROE compared with 2024 levels.

Did NIDB's deposits change during 2025 and by how much?

Total deposits increased to $455.8M, a 6.3% annualized rise as of December 31, 2025. According to the company, deposit growth helped fund loan expansion and asset growth.

What credit-quality trends did NIDB report for year-end 2025?

Non-performing loans increased to $7.977M, and the allowance to NPLs fell to 82.66%. According to the company, this reflects higher non-performing balances and a lower coverage ratio versus 2024.

How long has Northeast Indiana Bancorp increased its dividend, and what is the status?

Northeast Indiana Bancorp extended dividend increases to 31 consecutive years. According to the company, it remains on the Dividend Champions List for companies with at least 25 consecutive annual increases.