NORTHEAST INDIANA BANCORP, INC. ANNOUNCES SECOND QUARTER 2023 EARNINGS

July 28, 2023

HUNTINGTON, Ind., July 28, 2023 /PRNewswire/ — Northeast Indiana Bancorp, Inc. (OTCQB:  NIDB), the parent company of First Federal Savings Bank, today announced net income for the six months ended June 30, 2023, was $2.3 million, or $1.90 per diluted common share, compared to net income of $3.4 million, or $2.81 per diluted common share for the six months ended June 30, 2022.  The current six months earnings equate to an annualized ROA of 1.00% and an annualized ROE of 10.46% compared to an annualized ROA of 1.61% and an annualized ROE of 14.96% for the six months ended June 30, 2022. 

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