Huntington Bank Deposit Hold

Northeast Indiana Bancorp, Inc. Announces First Quarter Earnings.

HUNTINGTON

1 City (1990 pop. 16,389), seat of Huntington co., NE Ind.; inc. 1848. It is a farm trade center and an industrial city. Manufactures include automotive parts, machinery, construction materials, food and beverages, cleaning agents,
,
Ind
 Investigational new drug Therapeutics A status assigned by the FDA to a drug before allowing its use in humans, exempting it from premarketing approval requirements so that experimental clinical trials may be conducted. See Phase 1.2, 3 studies, Sponsorship.
., April 15, 2013 /PRNewswire/ — Northeast
Indiana
 midwestern state in the N central United States. It is bordered by Lake Michigan and the state of Michigan (N), Ohio (E), Kentucky, across the Ohio R. (S), and Illinois (W).
 Bancorp, Inc., (OTCQB: NIDB), the parent company of First
Federal
Savings Bank

, has announced net income of $547,000 ($0.44 per
diluted
  
tr.v. di·lut·ed, di·lut·ing, di·lutes
1. To make thinner or less concentrated by adding a liquid such as water.

2. To lessen the force, strength, purity, or brilliance of, especially by admixture.
 common share) for the first quarter ended March 31, 2013 compared to net
income of $694,000 ($0.56 per diluted common share) for the first
quarter ended March 31, 2012. The current three months earnings
equate
  
v. e·quat·ed, e·quat·ing, e·quates

v.tr.
1. To make equal or equivalent.

2. To reduce to a standard or an average; equalize.

3.
 to an
annualized

Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared.
 return on average assets (ROA) of 0.82% and a return on
average equity (
ROE

) of 7.79% compared to an ROA of 1.07% and an ROE of
10.51% for the prior year quarter ended March 31, 2012.

Commenting on the financial results, First Federal Savings Bank
CEO

 
Michael
  [Heb.,=who is like God?], archangel prominent in Christian, Jewish, and Muslim traditions. In the Bible and early Jewish literature, Michael is one of the angels of God’s presence.
 S.
Zahn

 stated, “The
prolonged
  
tr.v. pro·longed, pro·long·ing, pro·longs
1. To lengthen in duration; protract.

2. To lengthen in extent.
 low rate environment
combined with high liquidity levels and weak lending is having an impact
on our net interest margins. After seeing some lending
traction
 Definition

Traction is the use of a pulling force to treat muscle and skeleton disorders.
Purpose

Traction is usually applied to the arms and legs, the neck, the backbone, or the pelvis.
 late in
the quarter, we are hopeful that we can carry that momentum into the
second quarter as the economy continues to slowly heal. We are confident
in our ability to manage through this environment in part due to our
efficient management of noninterest expenses.”

Shareholders’ equity increased to $28.1 million at March 31,
2013 compared to $27.9 million at
December
 see month.
 31, 2012. The book value of
NIDB stock was $22.64 per common share as of March 31, 2013. The number
of outstanding common shares was 1,239,946. The last reported trade of
the stock on April 12, 2013 was $18.00 per common share.

Northeast Indiana Bancorp, Inc. is headquartered at 648 N.
Jefferson
 uninc. city (1990 pop. 25,782), Fairfax co., N Va. It is a residential suburb of Washington, D.C.
 Street,
Huntington, Indiana

. The company offers a full array of banking
and financial
brokerage

 services to its customers through its main
office in Huntington and five full-service Indiana offices in Huntington
(2),
Warsaw
 , Pol. Warszawa, city (1993 est. pop. 1,655,700), capital of Poland and of Mazowieckie prov., central Poland, on both banks of the Vistula River.
 and
Fort Wayne
 city (1990 pop. 173,072), seat of Allen co., NE Ind., where the St. Joseph and St. Marys rivers join to form the Maumee River; inc. 1840. It is the second largest city in the state, a major railroad and shipping point, a wholesale and distribution hub,
 (2). The Company is traded on the
OTC

See over-the-counter market (OTC).
 Markets
Group, Inc. (www.otcmarkets.com) utilizing the OTCQB platform under the
symbol “NIDB”. Our web site address is
www.firstfedindiana.com.

This press release may contain forward-looking statements, which are
based on management’s current expectations regarding economic,
legislative and
regulatory
  
tr.v. reg·u·lat·ed, reg·u·lat·ing, reg·u·lates
1. To control or direct according to rule, principle, or law.

2.
 issues. Factors which may cause future
results to vary materially include, but are not limited to, general
economic conditions, changes in interest rates, loan demand, and
competition. Additional factors include changes in accounting
principles, policies or
guidelines

n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks.
; changes in legislation or
regulation; and other economic, competitive, regulatory and
technological factors affecting each company’s operations, pricing,
products and services.

SOURCE Northeast Indiana Bancorp, Inc.