OTCPK:NIDB

Stock Analysis Report

Northeast Indiana Bancorp

Executive Summary

Northeast Indiana Bancorp, Inc. operates as the bank holding company for First Federal Savings Bank that provides various banking and financial advisory services.

Snowflake

Fundamentals

Established dividend payer with adequate balance sheet.

Share Price & News

How has Northeast Indiana Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

7.7%

NIDB

1.9%

US Mortgage

1.8%

US Market


1 Year Return

10.5%

NIDB

14.2%

US Mortgage

7.3%

US Market

Return vs Industry: NIDB underperformed the US Mortgage industry which returned 14.2% over the past year.

Return vs Market: NIDB exceeded the US Market which returned 7.3% over the past year.


Shareholder returns

NIDBIndustryMarket
7 Day7.7%1.9%1.8%
30 Day10.4%0.5%-0.7%
90 Day13.5%3.7%0.06%
1 Year15.8%10.5%16.7%14.2%9.7%7.3%
3 Year58.7%39.5%40.6%31.1%46.3%36.9%
5 Year103.6%66.0%71.8%53.7%64.5%46.5%

Price Volatility Vs. Market

How volatile is Northeast Indiana Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Northeast Indiana Bancorp undervalued compared to its fair value and its price relative to the market?

11.06x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: NIDB ($42) is trading above our estimate of fair value ($27.65)

Significantly Undervalued: NIDB is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: NIDB is good value based on its PE Ratio (11.1x) compared to the Mortgage industry average (14.5x).

PE vs Market: NIDB is good value based on its PE Ratio (11.1x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate NIDB's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NIDB is overvalued based on its PB Ratio (1.2x) compared to the US Mortgage industry average (1.1x).


Next Steps

Future Growth

How is Northeast Indiana Bancorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-1.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NIDB's earnings are forecast to decline over the next 3 years (-1.2% per year).

Earnings vs Market: NIDB's earnings are forecast to decline over the next 3 years (-1.2% per year).

High Growth Earnings: NIDB's earnings are forecast to decline over the next 3 years.

Revenue vs Market: Insufficient data to determine if NIDB's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if NIDB's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if NIDB's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Northeast Indiana Bancorp performed over the past 5 years?

5.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: NIDB's earnings have grown by 5.1% per year over the past 5 years.

Accelerating Growth: NIDB's earnings growth over the past year (23.9%) exceeds its 5-year average (5.1% per year).

Earnings vs Industry: NIDB earnings growth over the past year (23.9%) underperformed the Mortgage industry 31.3%.


Return on Equity

High ROE: NIDB's Return on Equity (11%) is considered low.


Return on Assets

ROA vs Industry: NIDB has a higher Return on Assets than the Mortgage industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate NIDB's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Northeast Indiana Bancorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: NIDB has a low level of unsold assets or inventory.

Debt Coverage by Assets: NIDB's debt is not covered by short term assets (assets are 0.3x debt).


Financial Institutions Analysis

Asset Level: NIDB's level of assets compared to its equity is low.

Allowance for Bad Loans: NIDB has a low allowance for bad loans.

Low Risk Liabilities: NIDB's liabilities are made up of primarily low risk sources of funding.

Loan Level: NIDB has an acceptable proportion of non-loan assets held.

Low Risk Deposits: NIDB's loans are broadly funded by customer deposits.

Level of Bad Loans: NIDB has a high level of bad loans (2.13%)


Next Steps

Dividend

What is Northeast Indiana Bancorp's current dividend yield, its reliability and sustainability?

4.17%

Current Dividend Yield


Dividend Yield vs Market

company4.2%marketbottom25%1.5%markettop25%3.7%industryaverage2.7%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: NIDB's dividend (4.17%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: NIDB's dividend (4.17%) is in the top 25% of dividend payers in the US market (3.72%)

Stable Dividend: NIDB's dividends per share have been stable in the past 10 years.

Growing Dividend: NIDB's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (26.3%), NIDB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Northeast Indiana Bancorp's salary, the management and board of directors tenure and is there insider trading?

17.5yrs

Average management tenure


CEO

Mike Zahn (50yo)

8.8yrs

Tenure

0

Mr. Michael S. Zahn, also known as Mike, is the President and Chief Executive Officer at First Federal Savings Bank (the “bank”) since 2005. Mr. Zahn began his career with First Federal Savings Bank in 199 ...


Management Age and Tenure

17.5yrs

Average Tenure

50yo

Average Age

Experienced Management: NIDB's management team is seasoned and experienced (17.5 years average tenure).


Board Age and Tenure

18.3yrs

Average Tenure

58.5yo

Average Age

Experienced Board: NIDB's board of directors are seasoned and experienced ( 18.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Dee Hammel (67yo)

    Senior VP

    • Tenure: 24.6yrs
  • Mike Zahn (50yo)

    CEO, President & Director

    • Tenure: 8.8yrs
  • Randy Sizemore (48yo)

    Senior VP

    • Tenure: 4.8yrs
  • Rise Buzzard

    Vice President of Deposits - First Federal Savings Bank

    • Tenure: 0yrs
  • Tom Mills

    Senior VP & Commercial Lending Officer - First Federal Savings Bank

    • Tenure: 0yrs
  • Cindy Zay

    Vice President of Mortgage Operations - First Federal Savings Bank

    • Tenure: 0yrs
  • Cindy Krumanaker

    Vice President of Information Systems - First Federal Savings Bank

    • Tenure: 0yrs
  • Joe Cavacini

    Vice President of Commercial Loans - First Federal Savings Bank

    • Tenure: 0yrs
  • Eric Todd

    Vice President of Commercial Credit - First Federal Savings Bank

    • Tenure: 0yrs

Board Members

  • Steve Zahn (77yo)

    Chairman of the Board

    • Tenure: 24.8yrs
    • Compensation: US$368.39k
  • Dave Carnes (68yo)

    Director

    • Tenure: 28.8yrs
  • Mike Zahn (50yo)

    CEO, President & Director

    • Tenure: 8.8yrs
  • Bill Zimmer (67yo)

    Director

    • Tenure: 16.8yrs
  • Randy Sizemore (48yo)

    Senior VP

    • Tenure: 4.8yrs
  • Kyle Koob (48yo)

    Director

    • Tenure: 5.8yrs

Company Information

Northeast Indiana Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Northeast Indiana Bancorp, Inc.
  • Ticker: NIDB
  • Exchange: OTCPK
  • Founded: 1912
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: US$50.666m
  • Shares outstanding: 1.21m
  • Website: https://www.firstfedindiana.bank

Location

  • Northeast Indiana Bancorp, Inc.
  • 648 North Jefferson Street
  • Huntington
  • Indiana
  • 46750
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NIDBOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJun 1995

Biography

Northeast Indiana Bancorp, Inc. operates as the bank holding company for First Federal Savings Bank that provides various banking and financial advisory services. It offers various personal products, inclu ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 23:37
End of Day Share Price2019/10/17 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.