FDIC

HUNTINGTON, Ind., Feb. 10, 2012 /PRNewswire/ -- Northeast Indiana Bancorp, Inc., (OTCQB:  NIDB), the parent company of First Federal Savings Bank, today announced record quarterly earnings for the three months ended December 31, 2011 of $743,000 ($0.60 per diluted common share).  This is an increase of $213,000 or 40.2% compared to net income of $530,000 ($0.43 per diluted common share) for the three months ended December 31, 2010.  The current quarter's earnings equates to an annualized return on average assets of 1.13% and a return on average equity of 11.61% compared to an ROA of 0.81% and an ROE of 8.70% for the prior year quarter ended December 31, 2010. The Company also announced full year 2011 earnings of $2.0 million ($1.65 per diluted common share) compared to net income of $2.0 million ($1.64 per diluted common share) for the year ended December 31, 2010.  The full year 2011 earnings equates ...