========================  ========================  ==========================  ========================  ======================= 
 
Net loan 
 charge-offs 
 (recoveries) to 
 average loans                       -0.02 %                    0.06 %                      0.02 %                    0.02 %                   0.03 % 
 
                                                         As of 
                          December 31,             September 30,               December 31, 
Non-performing 
assets                        2024                      2024                       2023 
                    ------------------------  ------------------------  -------------------------- 
Loans: 
Non-accrual              $         5,031,555      $          4,551,701       $           6,415,623 
Past 90 days or 
more and still 
accruing                                   -                         -                           - 
Troubled debt 
 modification                        926,960                   507,797                     524,970 
                    ------------------------  ------------------------  -------------------------- 
Total 
 non-performing 
 loans                             5,958,515                 5,059,498                   6,940,593 
Real estate owned                          -                         -                           - 
Other repossessed 
assets                                     -                         -                           - 
Total 
 non-performing 
 assets                  $         5,958,515      $          5,059,498       $           6,940,593 
                    ========================  ========================  ========================== 
 
Non-performing 
 assets to total 
 assets                               1.14 %                    0.97 %                      1.39 % 
Non-performing 
 loans to gross 
 loans                                1.50 %                    1.30 %                      1.85 % 
Allowance for loan 
 losses to 
 non-performing 
 loans                              113.64 %                  125.05 %                     76.87 % 
Allowance for loan 
 losses to gross 
 loans                                1.70 %                    1.62 %                      1.42 % 
 
Other financial 
ratios 
Tangible common 
 equity                               9.24 %                    9.46 %                      9.31 % 
Book value per 
 share                $                20.14   $                 20.46   $                   19.15 
Common shares 
 outstanding                       2,397,496                 2,403,696                   2,423,698 
 
(1) Ratios for 
 three-month 
 periods are 
 annualized 
(2) All share data has been adjusted for the 
 2:1 stock split on July 14, 2023. 
 

View original content to download multimedia:https://www.prnewswire.com/news-releases/northeast-indiana-bancorp-inc-announces-fourth-quarter-and-annual-earnings-302362641.html

SOURCE Northeast Indiana Bancorp, Inc.

/CONTACT: TRAVIS A. PENROD, SENIOR VICE PRESIDENT/CFO, (260) 454-0586

(END) Dow Jones Newswires

January 28, 2025 17:41 ET (22:41 GMT)