Huntington-based Northeast Indiana Bancorp Inc., the parent of First Federal Savings Bank, has announced record net income for the third quarter. Net income came in at $1.3 million, up $330,000 from the same period last year.
"We are very pleased with our record performance this quarter and year to date," states Michael Zahn, president and chief executive officer of First Federal Savings Bank. "We continue to see steady growth in both deposits and loans while maintaining strong profitability. The dedication and execution from our team continue to provide excellent financial results."
The company says year-to-date net income is also a record at $3.5 million, compared to $3.1 million during the first nine months of 2018.
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