Northeast Indiana Bancorp (NIDB) Price & Analysis

Northeast Indiana Bancorp, Inc. operates as the parent company for First Federal Savings Bank, offering a comprehensive array of banking and financial advisory services. For individual clients, the company provides various personal accounts, such as checking, savings, retirement, and health savings accounts, along with direct deposit services and certificates of deposit. Its diverse loan portfolio features mortgage options for home purchases, refinances, new construction, and home equity/improvement projects. Furthermore, it offers installment loans covering vehicles (autos, RVs, ATVs, boats), personal needs, short-term notes, and loans secured by savings accounts. Commercial clients can access a variety of loan products, including lines of credit (both general and revolving), letters of credit, equipment financing, construction loans, term loans, real estate loans, and Small Business Administration (SBA) loans. Other services include debit and credit cards, safe deposit boxes, online banking capabilities, merchant services, and robust cash and treasury management solutions, including merchant deposit capture. Additionally, the company delivers financial advisory services to both individual and corporate clients, encompassing brokerage accounts, retail investment funds, wealth management products, insurance offerings, and retirement planning. As of January 28, 2022, the company maintained five full-service branches in Huntington, two in Warsaw, and two in Fort Wayne, all located in Indiana. Northeast Indiana Bancorp, Inc. was incorporated in 1995 and is headquartered in Huntington, Indiana.