Northeast Indiana Bancorp, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 18, 2022 at 09:00 am EDT
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Northeast Indiana Bancorp, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported net interest income was USD 3.67 million compared to USD 3.43 million a year ago. Net income was USD 1.6 million compared to USD 1.93 million a year ago. Basic earnings per share from continuing operations was USD 0.665 compared to USD 0.805 a year ago. Diluted earnings per share from continuing operations was USD 0.665 compared to USD 0.805 a year ago.
For the six months, net interest income was USD 7.41 million compared to USD 6.9 million a year ago. Net income was USD 3.38 million compared to USD 3.82 million a year ago. Basic earnings per share from continuing operations was USD 1.41 compared to USD 1.595 a year ago. Diluted earnings per share from continuing operations was USD 1.405 compared to USD 1.595 a year ago.
Northeast Indiana Bancorp, Inc. is the holding company for First Federal Savings Bank (First Federal). First Federal offers a full array of banking and financial advisory services to its customers through three full-service locations in Huntington, Indiana, one full-service location in Warsaw, Indiana and two full-service locations in Fort Wayne, Indiana. The Bankâs personal banking includes checking, savings/certificate of deposits (CDs), health savings accounts, retirement accounts, direct deposit, credit cards, debit cards, checking, loans, safety deposit boxes and online banking. Its business banking includes business checking accounts, business debit cards, merchant services and cash management. Its financial services include investments, insurance, wealth management and corporate retirement accounts. Its subsidiaries include FFSB Portfolio Holdings, Inc. and FFSB Real Estate Holdings, Inc.