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Northeast Indiana Bancorp Inc
Northeast Indiana Bancorp Inc. (NASDAQ: NEIB) is a financial holding company that operates through its subsidiary, First Federal Savings Bank. The company is headquartered in Columbia City, Indiana, and provides a range of financial services primarily to individuals, families, and small to medium-sized businesses in northeastern Indiana.
Northeast Indiana Bancorp Inc. was founded in 1883 and has a long history of serving the financial needs of its customers. The company's subsidiary, First Federal Savings Bank, offers a variety of deposit products, including checking accounts, savings accounts, money market accounts, and certificates of deposit (CDs). The bank also provides various loan products, such as mortgage loans, home equity loans, auto loans, and commercial loans.
As of 2021, Northeast Indiana Bancorp Inc. has approximately $1.8 billion in assets, making it a small-cap bank holding company. The company's stock is publicly traded on the NASDAQ stock exchange under the ticker symbol NEIB. The stock is included in the Russell 2000 Index, which is an index of small-cap stocks.
Northeast Indiana Bancorp Inc. has a strong reputation for financial performance and has consistently reported profitable results over the years. The company's earnings have been driven by solid loan growth, strong asset quality, and a disciplined approach to expense management.
The company's management team has a proven track record of delivering value to shareholders, and the stock has historically provided solid returns to investors. However, like all stocks, Northeast Indiana Bancorp Inc.'s stock price can be volatile and subject to market conditions. As with any investment, potential investors should conduct their own research and due diligence before making investment decisions.