Northeast Indiana Bancorp, Inc. (OTCQB:NIDB) released its unaudited condensed consolidated financial results for the quarter and nine months ended September 30, 2026, via press release on October 28, 2026.

Key Highlights

  • Q3 2026 net income: $1,991,355, or $0.85 per diluted common share, compared to $1,792,560, or $0.76 per diluted common share, in Q3 2025.
  • Nine-month net income: $5.5 million, or $2.33 per diluted common share, versus $4.5 million, or $1.89 per diluted common share, for the same period in 2025.
  • Net interest margin: 3.78% for Q3 2026, up from 3.53% in Q3 2025, according to the filing.
  • Total assets: $550.6 million at September 30, 2026, down from $559.3 million at December 31, 2025.
  • Non-performing assets rose to $13,649,679, or 2.48% of total assets, at September 30, 2026, compared to $7,611,701, or 1.36% of total assets, at September 30, 2025.
  • Total deposits: $459.5 million at September 30, 2026, up from $455.8 million at December 31, 2025.
  • Book value per share: $23.82 as of September 30, 2026, compared to $24.11 at June 30, 2026.

Northeast Indiana Bancorp Reports Higher Earnings and Wider Margin in Third Quarter 2026

According to the filing, Northeast Indiana Bancorp reported Q3 2026 net income of $1,991,355, equating to an annualized return on average assets (ROA) of 1.45% and a return on average equity (ROE) of 14.11%. These compare to an ROA of 1.29% and an ROE of 13.95% for the quarter ended September 30, 2025. Net interest income increased $270,000 in Q3 2026 relative to Q3 2025, reaching $5,013,028. The net interest margin widened to 3.78% from 3.53% over the same comparison period.

The company disclosed that total provision for credit loss expense was $120,000 for the three months ended September 30, 2026, compared to a reversal of credit loss expense of $35,000 for Q3 2025. Total non-interest income was $804,905 in Q3 2026, up from $659,542 in Q3 2025, driven in part by higher service charges, interchange fees, and net gains on sale of loans. Total non-interest expense was $3,256,701 for Q3 2026, compared to $3,281,790 for Q3 2025. The efficiency ratio improved to 55.98% in Q3 2026 from 60.74% in Q3 2025, according to the filing.

The filing reported that non-accrual loans increased to $11,152,565 at September 30, 2026, from $5,082,212 at September 30, 2025, lifting total non-performing loans to $13,649,679, or 3.31% of gross loans. Borrowed funds declined to $30,500,000 at September 30, 2026, from $44,400,000 at December 31, 2025. The number of outstanding common shares was reported as 2,349,909 as of September 30, 2026. The company operates nine full-service Indiana offices across Huntington, Warsaw, Fort Wayne, and Roanoke, according to the filing.

What Was Disclosed

Northeast Indiana Bancorp disclosed unaudited Q3 and nine-month 2026 financial results showing higher net income and improved profitability ratios year over year, alongside an increase in non-performing assets and a reduction in total assets and net loans from year-end 2025.