SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   FORM 10-QSB

[X]  QUARTERLY REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES  EXCHANGE ACT
     OF 1934

                For the quarterly period ended September 30, 2000

[_]  TRANSITION REPORT UNDER SECTION 13 OR 15 (d) OF THE EXCHANGE ACT

              For the transition period from _________ to _________

                         Commission file number 0-26012.

                         NORTHEAST INDIANA BANCORP, INC.
        (Exact Name of Small Business Issuer as Specified in its Charter)

              Delaware                                    35-1948594
   (State or other jurisdiction of                       (IRS Employer
   incorporation or organization)                     Identification No.)

648 North Jefferson Street, Huntington, IN                     46750
 (Address of principal executive offices)                    (Zip Code)

Issuer's telephone number, including area code: (219) 356-3311

Check  whether the Issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Exchange  Act during the past 12 months (or for such shorter
period  that the Issuer was  required  to file such  reports),  and (2) has been
subject to such requirements for the past 90 days. YES [X] NO [_]

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date:

CLASS                                      OUTSTANDING AT OCTOBER 31, 2000
--------------------------------------------------------------------------------

Common Stock, par value $.01 per share approximately 1,718,036


          Transitional Small Business Disclosure Format: YES [_] NO [X]


<PAGE>


                         NORTHEAST INDIANA BANCORP, INC.

                                      INDEX

 PART 1.    FINANCIAL INFORMATION                                      PAGE NO.

 Item 1.    Financial Statements (Condensed)

            Consolidated Balance Sheets
            September 30, 2000 and December 31, 1999                      1

            Consolidated Statements of Income for the
            three and nine months ended September 30, 2000 and 1999       2

            Consolidated Statement of Change in Shareholders' Equity
            for the nine months ended September 30, 2000                  3

            Consolidated Statements of Cash Flows for the nine
            months ended September 30, 2000 and 1999                      4

            Notes to Consolidated Financial Statements                    5


 Item 2.    Management's Discussion and Analysis of Financial
            Condition and Results of Operations                           7



 PART II.   OTHER INFORMATION                                            14

            Signature page                                               16


<PAGE>



--------------------------------------------------------------------------------
                         NORTHEAST INDIANA BANCORP, INC.
                           CONSOLIDATED BALANCE SHEET
                    September 30, 2000 and December 31, 1999
--------------------------------------------------------------------------------


<TABLE>
<CAPTION>
                                                                                        September 30,       December 31,
                                                                                            2000                1999
                                                                                        (Unaudited)

ASSETS
<S>                                                                                 <C>                  <C>
Interest earning cash and cash equivalents                                          $         8,204,380  $        2,938,701
Noninterest earning cash and cash equivalents                                                 2,630,878           2,960,502
                                                                                    -------------------  ------------------
     Total Cash and cash equivalents                                                         10,835,258           5,899,203
Interest-earning deposits in financial institutions                                                   -             100,000
Securities available for sale                                                                33,365,941          33,192,217
Securities held to maturity (fair value: September
  30, 2000- $383,081;December 31, 1999 - $456,511)                                              383,081             456,511
Loans receivable, net of allowance for loan losses of $2,284,987
  at September 30, 2000 and $1,766,700 at December 31, 1999                                 205,451,838         208,394,576
Accrued interest receivable                                                                   1,082,684             839,967
Premises and equipment                                                                        2,223,343           2,292,342
Investments in limited liability partnerships                                                 1,739,252           1,332,128
Other assets                                                                                  3,481,803           2,239,874
                                                                                    -------------------  ------------------
     Total assets                                                                   $       258,563,200  $      254,746,818
                                                                                    ===================  ==================

LIABILITIES AND SHAREHOLDERS' EQUITY
Demand deposits                                                                     $         4,625,443  $        4,407,411
Savings                                                                                       9,478,113           9,709,295
NOW and MMDDA                                                                                28,694,466          30,544,441
Other time deposits                                                                          89,878,781          98,550,446
                                                                                    -------------------  ------------------
     Total deposits                                                                         132,676,803         143,211,593
Borrowed funds                                                                               98,190,697          84,753,919
Accrued expenses and other liabilities                                                        1,195,083           1,126,007
                                                                                    -------------------  ------------------
     Total liabilities                                                              $       232,062,583  $      229,091,519

Shareholders' equity
     Preferred Stock 500,000 shares authorized; 0 shares issued                                       -                   -
     Common stock, $.01 par value: 4,000,000 shares
        authorized; 2,640,672 and 2,640,672 shares issued at
         September 30, 2000 and December 31,1999                                                 26,407              26,407
     Additional paid in capital                                                              28,807,997          28,733,423
     Retained earnings, substantially restricted                                             11,129,033          10,641,144
     Unearned employee stock ownership plan shares                                             (804,515)         (1,018,325)
     Unearned recognition and retention plan shares                                             (72,380)           (229,851)
     Net unrealized appreciation on securities available
       for sale                                                                                (314,452)           (543,742)
     Treasury stock, 914,636 and 887,152 common shares, at
       cost, at September 30, 2000 and December 31, 1999                                    (12,271,473)        (11,953,757)
                                                                                    -------------------  ------------------
         Total shareholders' equity                                                          26,500,617          25,655,299

              Total liabilities and shareholders' equity                            $       258,563,200  $     254,746,818
                                                                                    ===================  =================
</TABLE>


--------------------------------------------------------------------------------
                 See accompanying notes to financial statements

                                                                             1.



<PAGE>


--------------------------------------------------------------------------------
                         NORTHEAST INDIANA BANCORP, INC.
                        CONSOLIDATED STATEMENTS OF INCOME
             Three and nine months ended September 30, 2000 and 1999
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>

                                                       Three months ended                       Nine months ended
                                                          September 30,                           September 30,
                                                   2000                 1999                2000                1999
                                                   ----                 -----               ----                ----
                                                                               (Unaudited)

Interest income
<S>                                         <C>               <C>                      <C>                 <C>
   Loans, including fees                    $      4,322,293  $        3,981,230       $   12,854,072      $   11,630,809
   Taxable securities                                578,573             546,527            1,694,714           1,122,277
   Non-taxable securities                              5,475               6,227               16,837              19,077
   Deposits with banks                                63,506              36,703              177,326             129,810

     Total interest income                         4,969,847           4,570,687           14,742,949          12,901,973

Interest expense

   Deposits                                        1,671,821           1,315,487            4,942,778           3,977,206
   Borrowed funds                                  1,578,409           1,253,615            4,292,769           3,074,894
                                            ----------------  ------------------      ---------------     ---------------
     Total interest expense                        3,250,230           2,569,102            9,235,547           7,052,100

Net interest income                                1,719,617           2,001,585            5,507,402           5,849,873
Provision for loan losses                            891,250              46,500            1,273,750             181,500
                                            ----------------  ------------------      ---------------     ---------------
Net interest income after provision
  for loan losses                                    828,367           1,955,085            4,233,652           5,668,373

Noninterest income
   Service charges on deposit accounts                97,472              84,433              276,428             248,512
   Loan servicing fees                                49,030              56,172              147,174             182,188
   Net realized gain on sale of securities                 -                   -              (1,563)                   -
   Other                                             125,852              72,995              303,437             180,360
                                            ----------------  ------------------      ---------------     ---------------
     Total noninterest income               $        272,354  $          213,600      $       725,476     $       611,060

Noninterest expense
   Salaries and employee benefits                    714,714             559,510            1,905,713           1,609,071
   Occupancy                                         100,979             103,010              320,820             298,672
   Data processing                                   150,675             135,275              431,822             397,261
   Insurance expense                                   7,239              17,862               21,001              55,728
   Professional fees                                  40,216              32,162              159,306             106,599
   Correspondent bank charges                         58,024              56,598              174,888             165,726
   Other expense                                     181,073             162,259              570,507             494,335
                                            ----------------  ------------------      ---------------     ---------------
     Total noninterest expense              $      1,252,920           1,066,676            3,584,057           3,127,392

Income (loss) before income taxes                   (152,199)          1,102,009            1,375,071           3,152,041
   Income tax expense (benefit)                     (138,347)            429,815              365,351           1,208,782
                                            ----------------  ------------------      ---------------     ---------------
Net income (loss)                           $        (13,852) $          672,194      $     1,009,720     $     1,943,259
                                            ================  ==================      ===============     ===============
Comprehensive Income                        $        145,325  $          539,114      $     1,239,010     $     1,616,253
                                            ================  ==================      ===============     ===============
Basic earnings (loss) per common share      $          (0.01) $             0.42      $          0.63     $          1.19
Diluted earnings (loss) per common share    $          (0.01) $             0.41      $          0.62     $          1.15
Return on average assets                               (0.02)%              1.11%                0.53%               1.15%
Return on average equity                               (0.21)%             10.51%                5.15%              10.19%
Equity to average assets                               10.46 %             10.58%               10.24%              11.23%
</TABLE>


--------------------------------------------------------------------------------
                 See accompanying notes to financial statements
--------------------------------------------------------------------------------
                                                                              2.

<PAGE>


--------------------------------------------------------------------------------
                         NORTHEAST INDIANA BANCORP, INC.
            CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDER'S EQUITY
                      Nine months ended September 30, 2000
--------------------------------------------------------------------------------
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                                                      Net
                                                                                                    Unearned
                                                                                                    Employee        Unearned
                                                                    Additional                        Stock        Recognition
                                                      Common         Paid-in        Retained        Ownership     And Retention
                                                       Stock         Capital        Earnings       Plan Shares     Plan Shares
                                                    ------------ --------------- -------------- -------------- ------------------
<S>                                                      <C>       <C>            <C>             <C>               <C>
Balance, January 1, 2000                                 26,407    28,733,423     10,641,144      (1,018,325)       (229,851)

Net Income September 30, 2000                                                      1,009,720


Other Comprehensive income:
   Unrealized gains on securities


   Total tax effect

     Total other comprehensive income



Comprehensive income



Dividends Paid $.30 per share year to date                                          (521,831)
Purchase of 27,484 shares of Treasury Stock

Sale of 4,422 shares of Treasury Stock                                 (5,942)


Tax effect on stock plans


Shares committed to be released under  ESOP                            80,387                        213,810


Purchase of 500 shares for RRP                                            129                                        (5,656)

Amortization of RRP Contributions                                                                                   163,127
                                                    ------------ --------------- -------------- -------------- ------------------
Balance at September 30, 2000                            26,407    28,807,997     11,129,033        (804,515)       (72,380)
                                                    ============ =============== ============== ============== ==================

<CAPTION>

                                                  Unrealized
                                                 Appreciation
                                                 On Securities                           Total
                                                  Available-         Treasury        Shareholders'
                                                   For-Sale            Stock            Equity
                                               ------------------ ---------------- ------------------
<S>                                               <C>               <C>                <C>
Balance, January 1, 2000                          (543,742)         (11,953,757)       25,655,299

Net Income September 30, 2000
                                                                                        1,009,720

Other Comprehensive income:
   Unrealized gains on securities
                                                   379,618

   Total tax effect                               (150,328)
                                               ------------------
     Total other comprehensive income              229,290                                229,290
                                                                                   ------------------

Comprehensive income                                                                    1,239,010

Dividends Paid $.30 per share year to date                                               (521,831)
Purchase of 27,484 shares of Treasury Stock                            (361,145)         (361,145)

Sale of 4,422 shares of Treasury Stock                                   48,879            42,937

Tax effect on stock plans                                                                      -

Shares committed to be released under  ESOP                                               294,197

Purchase of 500 shares for RRP                                           5,527                 -

Amortization of RRP Contributions                                      (10,977)           152,150
                                               ------------------ ---------------- ------------------
Balance at September 30, 2000                     (314,452)        (12,271,473)        26,500,617
                                               ================== ================ ==================
</TABLE>


--------------------------------------------------------------------------------
                 See accompanying notes to financial statements
--------------------------------------------------------------------------------
                                                                              3.


<PAGE>


--------------------------------------------------------------------------------
                         NORTHEAST INDIANA BANCORP, INC.
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                   Nine months ended September 30, 2000 & 1999
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                                     Nine months ended
                                                                                       September 30,
                                                                                  2000               1999
                                                                           --------------      --------------
                                                                                       (Unaudited)

Cash flows from operating activities
<S>                                                                        <C>                  <C>
     Net income                                                            $    1,009,720       $   1,943,259
     Adjustments to reconcile net income
       to net cash from operating activities
         Depreciation and amortization                                            286,893             169,949
         Provision for loan losses                                              1,273,750             181,500
         Net (gain) loss on sale of foreclosed real estate                         20,903              10,595
         Net (gain) loss on sale of premises and equipment                         14,227                 (50)
         Net (gain) loss on sale of securities                                      1,563                   -
         Reduction of obligation under ESOP                                       294,197             144,975
         Amortization of RRP                                                      152,150             158,913
              Net change in:
                  Other asset                                                  (1,198,281)            443,647
                  Accrued interest receivable                                    (242,717)           (423,559)
                  Accrued expenses and other liabilities                           69,076            (165,486)
                                                                           --------------      ---------------
                  Total adjustments                                               671,761             520,484
                                                                           --------------      --------------
                      Net cash from operating activities                        1,681,481           2,463,743

Cash flows from investing activities
     Net decrease in interest bearing deposits in
     Other financial institutions                                                 100,000                   -
     Purchases of securities available for sale                                (5,112,294)        (24,792,089)
     Proceeds from maturities and principal payments
       of securities available for sale                                           297,987           4,403,886
     Proceeds from maturities and principal payments
       of securities held to maturity                                              73,382              71,670
     Proceeds from sale of securities available for sale                        4,998,438                   -
     Purchases of loans                                                        (1,006,837)                  -
     Net change in loans                                                        1,549,010         (14,292,860)
     Proceeds from sale of participation loans                                    682,095              46,051
     Proceeds from sale of foreclosed real estate                                 229,841             170,261
     Expenditures on premises and equipment                                      (119,497)           (202,407)
     Proceeds from sale of premises and equipment                                     500                  50
                                                                           --------------      --------------
         Net cash from investing activities                                     1,692,625         (34,595,438)

Cash flows from financing activities
     Net change in deposits                                                   (10,534,790)         (3,021,791)
     Advances from FHLB                                                       120,000,000          79,000,000
     Repayment of FHLB advances                                              (111,099,315)        (47,599,227)
     Payments of demand notes                                                    (265,000)           (576,250)
     Net change in other borrowed funds                                         4,301,093           4,589,135
     Dividends paid                                                              (521,831)           (445,831)
     Purchase of stock                                                           (361,145)           (801,850)
     Sale of treasury stock                                                        42,937              22,747
                                                                           --------------      --------------
         Net cash from financing activities                                     1,561,949          31,166,933
                                                                           --------------      --------------

Net change in cash and cash equivalents                                         4,936,055            (964,762)

Cash and cash equivalents at beginning of year                                  5,899,203           6,295,637
                                                                           --------------      --------------

Cash and cash equivalents at end of year                                   $   10,835,258      $    5,330,875
                                                                           ==============      ==============

Cash paid for:
     Interest                                                              $    9,221,470      $    6,988,115
     Income taxes                                                                 692,300           1,039,800
Non-cash transactions:
     Obligation relative to investment in limited partnership              $      500,000      $            -
     Transfer from loans to other real estate                                     444,720              70,144
</TABLE>


--------------------------------------------------------------------------------
                 See accompanying notes to financial statements
--------------------------------------------------------------------------------
                                                                              4.



<PAGE>

                         NORTHEAST INDIANA BANCORP, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                               September 30, 2000
--------------------------------------------------------------------------------


NOTE 1 - BASIS OF PRESENTATION

The unaudited information for the three and nine months ended September 30, 2000
and 1999 includes the results of operations of Northeast  Indiana Bancorp,  Inc.
("Northeast  Indiana  Bancorp") and its wholly-owned  subsidiary,  First Federal
Savings  Bank  ("First  Federal")  and its wholly  owned  subsidiary,  Northeast
Indiana  Financial,  Inc  ("Northeast  Indiana  Financial").  In the  opinion of
management,  the information reflects all adjustments (consisting only of normal
recurring  adjustments)  necessary  for a fair  presentation  of the  results of
operations  for the three and nine  month  periods  reported  but  should not be
considered as indicative of the results to be expected for the full year.

NOTE 2 - EARNINGS (LOSS) PER SHARE

Basic  earnings  (loss) per share are based on  weighted-average  common  shares
outstanding.  Diluted  earnings  (loss) per share  further  assumes issue of any
dilutive potential common shares.

<TABLE>
<CAPTION>
                                                             Three months ended           Nine months ended
                                                                September 30,               September 30,
                                                                -------------               -------------
                                                             2000          1999           2000           1999
                                                             ----          ----           ----           ----
Earnings (Loss) Per Share
<S>                                                      <C>            <C>           <C>           <C>
  Net income(loss) available to common shareholders      $   (13,852)   $  672, 194   $ 1,009,720   $ 1,943,259

  Weighted average common shares outstanding               1,591,815      1,619,144     1,597,394     1,634,308
Basic Earnings (Loss) Per Share                          $     (0.01)         0.42    $      0.63   $      1.19

Earnings (Loss) Per Share Assuming Dilution

   Net income(loss) available to common shareholders     $   (13,852)   $   672,194   $ 1,009,720   $ 1,943,259
   Weighted average common shares outstanding              1,591,815      1,619,144     1,597,394     1,634,308
   Add: dilutive effects of assumed exercises of
             incentive stock options and non qualified
             stock options                                      --           19,414        28,754        60,471
   Weighted average and dilutive common shares
      Outstanding                                          1,591,815      1,638,558     1,626,148     1,694,779
       Diluted Earnings (Loss) Per Share                 $     (0.01)   $      0.41   $      0.62   $      1.15
</TABLE>

NOTE 3 - COMMON STOCK DIVIDENDS

On October 25, 2000 the Board of Directors of Northeast  Indiana  Bancorp,  Inc.
announced  a  quarterly  cash  dividend of $.11 per share.  This  represents  an
effective  increase  of 10% over  the  quarterly  amount  previously  paid.  The
dividend will be paid on November 22, 2000 to shareholders of record on November
8, 2000.  The  payment of the cash  dividend  will reduce  shareholders'  equity
(fourth quarter) by approximately $189,000.

--------------------------------------------------------------------------------
                                  (Continued)
                                                                              5.
<PAGE>

                         NORTHEAST INDIANA BANCORP, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                               September 30, 2000
--------------------------------------------------------------------------------


NOTE 4 - STOCK REPURCHASE PLAN

On August 4, 2000 Northeast  Indiana  Bancorp  announced a new stock  repurchase
program to repurchase up to 6.75% of the  outstanding  shares in the open market
as Treasury shares over the next twelve months.  This program will include up to
117,000 shares.

As of October 31,  2000,  15,000  shares  have been  acquired  towards  this new
repurchase  program.  There were also 4,422 shares  repurchased  from  exercised
options  year  to  date  through  October  31,  2000  and 984  shares  of  RRP's
relinquished due to early retirement.

NOTE 5 - REGULATORY CAPITAL REQUIREMENTS

Pursuant to federal regulatory  agencies,  savings  institutions must meet three
separate minimum capital-to-asset  requirements. The following table summarizes,
as of September  30, 2000,  the capital  requirements  for First  Federal  under
federal  regulatory  agencies and First Federal's actual  capital ratios.  As of
September 30, 2000, First Federal substantially  exceeded all current regulatory
capital standards.

<TABLE>
<CAPTION>
                                                                                      Minimum Required
                                                                                         To Be Well
                                                           Minimum Required          Capitalized Under
                                                              For Capital            Prompt Corrective
                                         Actual            Adequacy Purpose         Action  Regulations
                                    Amount   Ratio        Amount       Ratio        Amount       Ratio
                                    ------   -----        ------       -----        ------       -----
                                                        (Dollars in thousands)

<S>                               <C>        <C>         <C>           <C>          <C>          <C>
Total Capital
(to risk weighted assets)         $25,029    15.48%      $12,935       8.00%        $16,169      10.00%


Tier 1 (core) capital (to risk
weighted assets)                   23,804    14.72%        6,468       4.00%          9,702       6.00%


Tier 1(core) capital (to
adjusted total assets)             23,804     9.21%       10,341       4.00%         12,927       5.00%


Tier 1 (core) capital (to
average assets)                    23,804     9.32%       10,218       4.00%         12,772       5.00%
</TABLE>

NOTE 6 - RECLASSIFICATIONS

Certain  amounts  in  the  1999  consolidated  financial  statements  have  been
reclassified to conform to the 2000 presentation.

--------------------------------------------------------------------------------
                                  (Continued)
                                                                              6.
<PAGE>

                         NORTHEAST INDIANA BANCORP, INC.
         MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
                                OPERATING RESULTS
--------------------------------------------------------------------------------

GENERAL

Northeast  Indiana  Bancorp,  Inc.  (the  "Company")  was  formed as a  Delaware
corporation  in March,  1995, for the purpose of issuing common stock and owning
all the common  stock of First  Federal  Savings  Bank  ("First  Federal" or the
"Bank") as a unitary thrift holding company. Prior to the conversion,  Northeast
Indiana  Bancorp did not engage in any material  operations and at September 30,
2000, had no  significant  assets other than the investment in the capital stock
of First Federal and cash and cash equivalents.

The  principal  business  of  savings  banks,   including  First  Federal,   has
historically consisted of attracting deposits from the general public and making
loans   secured  by  residential  real  estate.  First  Federal's  earnings  are
primarily  dependent on net interest  income,  the difference  between  interest
income and interest  expense.  Interest  income is a function of the balances of
loans and investments outstanding during the period and the yield earned on such
assets.  Interest  expense is the  function  of the  balances  of  deposits  and
borrowings.  First  Federal's  earnings are also affected by provisions for loan
losses, service charge and fee income, and other non-interest income,  operating
expenses and income  taxes.  Operating  expenses  consist  primarily of employee
compensation and benefits,  occupancy and equipment  expenses,  data processing,
federal deposit insurance premiums and other general administrative expenses.

The most significant outside factors influencing the operations of First Federal
Savings Bank and other savings institutions include general economic conditions,
competition in the local market place and related  monetary and fiscal  policies
of agencies that regulate financial institutions. More specifically, the cost of
funds is  influenced  by interest  rates on  competing  investments  and general
market rates of interest.  Lending  activities  are influenced by the demand for
real estate financing and other types of loans, which in turn is affected by the
interest  rates at which such loans may be offered and other  factors  affecting
loan demand and funds availability.

TRUST/FINANCIAL SERVICES

During the year of 1998, First Federal established a trust department that began
operations  in the  fourth  quarter  1998.  At the end of  September  30,  2000,
approximately  $26.1  million in Trust  Assets  were held under  management.  In
February  1999,   Northeast  Indiana  Bancorp  announced  the  establishment  of
Northeast Indiana Financial,  Inc., a wholly owned subsidiary of First Federal .
Northeast Indiana  Financial,  Inc. will provide brokerage  services through the
purchase of mutual funds, annuities,  stocks and bonds for its customers.  Until
these  operations are well  established,  management  expects a slight  negative
impact to net income.


--------------------------------------------------------------------------------
                                                                              7.
<PAGE>


                         NORTHEAST INDIANA BANCORP, INC.
         MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
                                OPERATING RESULTS
--------------------------------------------------------------------------------

FINANCIAL CONDITION

Northeast  Indiana  Bancorp's total assets  increased $3.9 million or 1.53% from
$254.7  million at December 31, 1999 to $258.6  million at  September  30, 2000.
This increase was primarily from funds  generated  from increased  borrowings of
$13.4 million including $8.9 million additional FHLB advances and a $4.3 million
increase in  securities  sold for  repurchase.  These  increases  were offset by
decreased  deposits of $10.5 million,  which were primarily jumbo time deposits.
In addition  to asset  growth  through the first nine months of 2000,  Northeast
Indiana Bancorp purchased 1.57% of the outstanding shares to fund Treasury Stock
which reduced our capital $361,000.

Net loans  receivable  decreased  $2.9  million or 1.39% from $208.4  million at
December 31, 1999 to $205.5 million at September 30, 2000. The decrease in loans
during the first nine months of 2000 was  predominantly  in construction  loans,
net of loans in process which  accounted for $1.8 million of the decrease  along
with a $1.1 million decrease in consumer  lending offset by a $383,000  increase
in commercial lending.  This reduction was because of the generally  unfavorable
interest rate environment  along with efforts to improve  liquidity  conditions.
Allowances for loan losses  decreased the net loan  receivables by approximately
$518,000  through the nine  months  ended  September  30,  2000  increasing  the
allowance for loan losses to a balance of $2.3  million.  The  classified  loans
have been adjusted to include the approximately $2.6 million as of September 30,
2000 for the borrower  referred to in the  following  Non-performing  assets and
allowances  for loan  losses  section.  An  additional  provision  for loan loss
expense of $700,000 was incurred as of the third quarter  specifically  for that
borrower.

INVESTMENTS

Securities  available-for-sale increased $174,000 from $33.2 million at December
31, 1999 to $33.4 million at September 30, 2000. The securities  were maintained
to  provide  collateral  for  growth in our  securities  sold  under  repurchase
agreements and collateral for FHLB advances.

RESULTS OF OPERATIONS

Northeast  Indiana Bancorp had a net loss of $(13,852) or basic and diluted loss
per share of $(0.01) each for the three months ended September 30, 2000 compared
to net income of $672,000 or basic and diluted  earnings  per share of $0.42 and
$0.41 each for the third  quarter of 1999.  Net income for the nine months ended
September  30, 2000 was $1.0 million or basic and diluted  earnings per share of
$0.63 and $0.62  compared to $1.19 and $1.15 or a 53% decrease over the earnings
per share for the nine months ended September 30, 1999.

Net  interest  income  decreased  $282,000 to $1.7  million for the three months
ended  September  30, 2000  compared to $2.0  million for the three months ended
September 30, 1999. Net interest  income  decreased  $343,000 to $5.5 million or
5.9% for the nine months ended  September  30, 2000 compared to $5.8 million for
the same period 1999.

--------------------------------------------------------------------------------
                                                                              8.

<PAGE>

                         NORTHEAST INDIANA BANCORP, INC.
         MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
                                OPERATING RESULTS
--------------------------------------------------------------------------------

RESULTS OF OPERATIONS (Continued)

Interest  income  increased  $399,000 to $5.0 million for the three months ended
September 30, 2000  compared to $4.6 million for  September  30, 1999.  Interest
income for the nine months ended  September 30, 2000 was $14.7 million  compared
to $12.9  million for the nine months ended  September  30, 1999, an increase of
$1.8  million  or  14.27%.  For the third  quarter  interest  expense  increased
$681,000 to $3.3 million for the quarter  ended  September  30, 2000 compared to
$2.6  million  September  30, 1999.  Interest  expense for the nine months ended
September  30, 2000 and September  30, 1999 was  approximately  $9.2 million and
$7.1 million respectively. This change is primarily due to rate sensitivity.

Provision  for loan losses  increased  by $845,000  for the three  months  ended
September  30, 2000 compared to the same period ended  September  30, 1999.  The
increase is explained in the following  Non-performing assets and allowances for
loan losses section.

Non-interest  income increased to $272,000 for the three months-ended  September
30,2000 compared to $214,000 for the comparable  period in 1999. This represents
an  increase  of  $58,000  for the  quarter  over the  same  period  last  year.
Non-interest  income  increased  to $725,000  compared to $611,000  for the nine
months ended September 30, 2000 and 1999 respectively. This increase of $114,000
is the result of revenue growth in deposit account service fees and non-interest
income for the Trust department and the Financial Services subsidiary. These two
new product lines opened in the fourth quarter 1998 and the first quarter 1999.

Non-interest  expense  increased  to $1.3 million and $3.6 million for the three
and nine  months  ended  September  30, 2000  compared to $1.1  million and $3.1
million for the  corresponding  periods in 1999.  This represents an increase of
$186,000 and $457,000  for the three and nine months  ended  September  30, 2000
compared to the corresponding periods in 1999. This increase is due partially to
higher salaries and benefits  reflecting  increases in compensation for 2000 and
additional employees added to support customer service needs. During the quarter
an additional allocation to the ESOP in the amount of $155,000 was made to bring
the  allocated  shares  in  compliance  with the  weighted-  average  allocation
requirement. Additionally, accrued bonuses year-to-date were reduced by $40,000.
Data processing expense has increased to $151,000 and $432,000 for the three and
nine months ended  September 30, 2000 due to software  upgrades costs related to
issuing and processing check cards and increased  processing  volume compared to
$135,000 and $397,000 for the same periods ended September 30, 1999.

Income tax expense  decreased for the three and nine months ended  September 30,
2000 due to lower  taxable  income  compared  to the  same  periods  1999 and an
Indiana  Financial  Institutions  Franchise Tax law change which is favorable to
the institution.  During the third quarter 2000 entries to record the adjustment
for 1999  and year to date  2000  were  made  reducing  third  quarter  2000 tax
expense.

--------------------------------------------------------------------------------
                                                                              9.

<PAGE>

                         NORTHEAST INDIANA BANCORP, INC.
         MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
                                OPERATING RESULTS
--------------------------------------------------------------------------------

NON-PERFORMING ASSETS AND ALLOWANCE FOR LOAN LOSSES

The allowance for loan losses is established  by  management's  quarterly  asset
classification  review.  Such  evaluation  considers  among other  matters,  the
estimated value of the underlying  collateral,  economic  conditions,  cash flow
analysis,  historical  loan loss  experience,  discussion  held with  delinquent
borrowers and other risks inherent in its loan portfolio.

As a result of this review  process,  management  recorded  provisions  for loan
losses in the amount of $891,000  and $1.3 million for the three and nine months
ended  September  30, 2000 compared to $47,000 and $182,000 for the same periods
ended September 30, 1999.  Management will continue to make adequate  provisions
to allowance for loan loss.

Subsequent to September 30, 2000 the Company became aware of circumstances  that
had occurred  involving  loans the Bank  originated to a single  borrower.  As a
result of these circumstances, management has determined that a loss is probable
and, accordingly has classified $700,000 of the Bank's allowance for loan losses
on borrower's  outstanding  balance of approximately  $2.6 million as a specific
reserve. In addition, these loans are not considered in the non-performing loans
at September 30, 2000 but are considered to be impaired.

At September 30, 2000 the balance of impaired loans was $4.9 million,  including
loans with  allowance  allocated  specifically  to them of $3.3  million.  These
compare to $2.4 million of impaired loans  including $1.1 million with allowance
allocated  at December  31,  1999.  At  September  30, 2000 $1.0  million of the
allowance was allocated to these impaired  loans compared to $473,000  allocated
to impaired loans at December 31, 1999.

--------------------------------------------------------------------------------
                                                                             10.


<PAGE>


                         NORTHEAST INDIANA BANCORP, INC.
         MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
                                OPERATING RESULTS
--------------------------------------------------------------------------------

NON-PERFORMING ASSETS AND ALLOWANCE FOR LOAN LOSSES(CONTINUED)

The non-performing assets to total assets ratio is one indicator of the exposure
to  credit  risk.   Non-performing  assets  of  First  Federal  consist  of  the
non-accruing loans,  troubled debt restructuring and real estate owned which has
been  acquired  as a result  of  foreclosure  or  insubstance  foreclosure.  The
following table summarizes in thousands the various categories of non-performing
assets:

<TABLE>
<CAPTION>
                                                                      September 30      December 31
                                                                          2000             1999
                                                                          ----             ----

Non-accruing loans
<S>                                                                           <C>                <C>
   One-to-four family                                                         421                339
   Multi-family                                                                28                 22
   Commercial real estate                                                       -                247
   Construction or development                                                468                683
   Consumer                                                                   168                186
   Commercial business                                                        834                233
                                                                 ----------------- ------------------
Total                                                                       1,919              1,710
                                                                 ----------------- ------------------
Foreclosed assets
   One-to-four family                                                           -                 49
   Commercial                                                                   -                  -
   Land                                                                       243                  -
                                                                 ----------------- ------------------
Total                                                                         243                 49
                                                                 ----------------- ------------------
Repossessed assets
   Consumer                                                                    71                 14
                                                                 ----------------- ------------------
Total                                                                          71                 14
                                                                 ----------------- ------------------

   Total non-performing assets                                              2,233              1,773
                                                                 ================= ==================
   Total non-performing assets as a percentage of total assets               0.86%              0.70%
                                                                 ================= ==================
</TABLE>


LIQUIDITY AND CAPITAL RESOURCES

First Federal is required to maintain  specific  amounts of  regulatory  capital
pursuant to regulations of the Office of Thrift Supervision (OTS). Those capital
requirements  follow: a risk-based  capital  standard  expressed as a percent of
risk adjusted assets,  and a leverage ratio of core capital to total assets.  At
September 30, 2000, First Federal exceeded all regulatory capital standards.


--------------------------------------------------------------------------------
                                                                             11.
<PAGE>

                         NORTHEAST INDIANA BANCORP, INC.
         MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
                                OPERATING RESULTS
--------------------------------------------------------------------------------

LIQUIDITY AND CAPITAL RESOURCES(CONTINUED)

At September 30, 2000,  First  Federal's risk based capital was $25.0 million or
15.48% of risk adjusted assets, which exceeds the $13.0 million and the 8.0% OTS
requirement  by $12.0  million  and  7.48%.  First  Federal's  core  capital  at
September 30, 2000 is $23.8 million or 9.21%,  which exceeds the OTS requirement
of $10.3 million, and 4.00% by $13.5 million and 5.21%.

First Federal's primary sources of funds are deposits, FHLB advances,  principal
and interest payments of loans,  operations  income and short-term  investments.
Deposit flows and mortgage  payments are greatly  influenced by general interest
rates, economic conditions and competition.

Current OTS  regulations  require that First Federal  maintain cash and eligible
investments  in an amount equal to at least 4% of its average  daily  balance of
net withdrawable  customer deposit accounts and short-term  borrowings to assure
its  ability  to meet  demands  for  withdrawals  and  repayment  of  short-term
borrowings. As of September 30, 2000, First Federal's liquidity ratio was 5.66%,
which is in excess of the minimum regulatory requirements.

First  Federal  uses its  capital  resources  principally  to meet  its  ongoing
commitments  to fund  maturing  certificates  of deposit  and loan  commitments,
maintain its liquidity,  and meet operating expenses.  As of September 30, 2000,
First  Federal  had  commitments  to  originate  loans and to fund open lines of
credit totaling $17.5 million. First Federal considers its liquidity and capital
resources  to be  adequate  to meet its  foreseeable  short and long term needs.
First Federal  expects to be able to fund or refinance,  on a timely basis,  its
material commitments and long-term liabilities.

First Federal,  however,  has grown substantially for the last several years and
therefore our liquidity position has tightened as we have leveraged our capital.
First  Federal now expects  asset  growth to slow as rates  increase,  therefore
reducing loan demand.

FORWARD-LOOKING STATEMENTS

When used in this filing and in future filings by Northeast Indiana Bancorp with
the Securities and Exchange  Commission,  in Northeast  Indiana  Bancorp's press
releases or other public or shareholder  communications,  or in oral  statements
made with the approval of an authorized  executive officer, the words or phrases
"would be," "will allow," "intends to," "will likely result," "are expected to,"
"will continue," "is anticipated,"  "estimate," "project" or similar expressions
are intended to identify "forward-looking  statements" within the meaning of the
Private Securities Litigation Reform Act of 1995.



--------------------------------------------------------------------------------
                                                                             12.

<PAGE>

                         NORTHEAST INDIANA BANCORP, INC.
         MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
                                OPERATING RESULTS
--------------------------------------------------------------------------------


FORWARD-LOOKING STATEMENTS(CONTINUED)

Such  statements  are  subject  to risks and  uncertainties,  including  but not
limited to changes in economic  conditions in Northeast Indiana Bancorp's market
area,  changes in  policies by  regulatory  agencies,  fluctuations  in interest
rates,  demand  for  loans  in  Northeast  Indiana  Bancorp's  market  area  and
competition,  all or  some  of  which  could  cause  actual  results  to  differ
materially  from  historical   earnings  and  those  presently   anticipated  or
projected.

Northeast  Indiana Bancorp wishes to caution readers not to place undue reliance
on any such  forward-looking  statements,  which speak only as of the date made,
and advises  readers  that  various  factors,  including  regional  and national
economic  conditions,  substantial  changes in levels of market  interest rates,
credit and other risks of lending and investment  activities and competitive and
regulatory   factors,   could  affect  Northeast  Indiana  Bancorp's   financial
performance  and could cause  Northeast  Indiana  Bancorp's  actual  results for
future periods to differ materially from those anticipated or projected.

Northeast  Indiana Bancorp does not undertake,  and  specifically  disclaims any
obligation,  to update any forward-looking  statements to reflect occurrences or
unanticipated events or circumstances after the date of such statements.

RECENT ACCOUNTING PRONOUNCEMENTS

Statement of  Financial  Accounting  Standards  (SFAS) No. 133,  Accounting  for
Derivative  Instruments  and  Hedging  Activities,  as amended by SFAS No.  138,
requires  derivative  instruments be carried at fair value on the balance sheet.
The  statement  continues to allow  derivative  instruments  to be used to hedge
various  risks and sets forth  specific  criteria to be used to  determine  when
hedge accounting can be used. The statement also provides for offsetting changes
in fair  value of cash  flows of both the  derivative  and the  hedged  asset or
liability to be recognized in earnings in the same period;  however, any changes
in fair value of cash flow that represent the ineffective portion of a hedge are
required to be  recognized  in earnings and cannot be deferred.  For  derivative
instruments  not accounted for as hedges,  changes in fair value are required to
be recognized in earnings.  The adoption of this statement on January 1, 2001 is
not expected to have a material effect on the consolidated financial statements.

--------------------------------------------------------------------------------
                                                                             13.

<PAGE>

                         NORTHEAST INDIANA BANCORP, INC.
                                     PART II
                                Other Information

ITEM 1 - LEGAL PROCEEDING

         Northeast  Indiana  Bancorp and First Federal are involved from time to
         time, as plaintiff or defendant in various  legal actions  arising from
         the normal course of their  businesses.  While the ultimate  outcome of
         these proceedings cannot be predicted with certainty, it is the opinion
         of management that the resolution of these proceedings  should not have
         a material effect on Northeast  Indiana Bancorp's results of operations
         on a consolidated basis.

ITEM 2 - CHANGES IN SECURITIES

         None

ITEM 3 - DEFAULTS UPON SENIOR SECURITIES

         None

ITEM 4 - SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDER

         None

ITEM 5 - OTHER INFORMATION

         None

--------------------------------------------------------------------------------
                                                                             14.

<PAGE>

                         NORTHEAST INDIANA BANCORP, INC.
                               PART II (Continued)
                                Other Information

ITEM 6 - EXHIBITS AND REPORTS ON FORM 8-K

      (a) Exhibits
          None

      (b) Reports on Form 8-K

          (1)  July 21, 2000 Announcing Second Quarter Earnings
          (2)  August 01, 2000 Announcing Cash Dividend
          (3)  October 23, 2000 Announcing Third Quarter Earnings
          (4)  October 25, 2000 Announcing Increased Cash Dividend
          (5)  November 14, 2000  Announcing  Intention  to amend Third  Quarter
               Earnings

--------------------------------------------------------------------------------
                                                                             15.

<PAGE>


                                   SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act  of  1934  the
Registrant  has  duly  caused  this  Report  to be  signed on its  behalf by the
undersigned thereunto duly authorized.



                                        NORTHEAST INDIANA BANCORP, INC.




 Date: November 20, 2000                By:   /s/ STEPHEN E. ZAHN
                                           -------------------------------------
                                           Stephen E. Zahn
                                           President and Chief Executive Officer
                                           (Duly Authorized Officer)


 Date: November 20, 2000                By:    /s/ DARRELL E. BLOCKER
                                           -------------------------------------
                                           Darrell E. Blocker
                                           Senior Vice President and Chief
                                           Financial Officer
                                           (Principal Financial Officer

--------------------------------------------------------------------------------
                                                                             16.