======================== ======================== ========================== ======================== =======================
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)
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