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 June 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 JULY 26, 2000
--------------------------------------------------------------------------------
Common Stock, par value $.01 per share                   1,733,036


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


<PAGE>



                         NORTHEAST INDIANA BANCORP, INC.

                                      INDEX
<TABLE>
<CAPTION>

                                                                                     Page

<S>        <C>                                                                        <C>
           PART 1.     FINANCIAL INFORMATION (UNAUDITED)

           Item 1.     Financial Statements (Condensed)

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


                       Consolidated Statements of Income for the
                        three and six months ended June 30, 2000 and 1999              2

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

                       Consolidated Statements of Cash Flows for the six
                       months ended June 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                             8



           PART II.    OTHER INFORMATION                                               15

                       Signature page                                                  17
</TABLE>


<PAGE>


                         NORTHEAST INDIANA BANCORP, INC.
                           CONSOLIDATED BALANCE SHEETS
                       June 30, 2000 And December 31, 1999


<TABLE>
<CAPTION>
                                                                                        June 30,                   December 31,
                                                                                          2000                        1999
                                                                                      (Unaudited)
ASSETS
<S>                                                                               <C>                         <C>
Interest earning cash and cash equivalents                                        $           2,490,772   $           2,938,701
Noninterest earning cash and cash equivalents                                                 2,787,242               2,960,502
                                                                                  ---------------------   ---------------------
        Total Cash and cash equivalents                                                       5,278,014               5,899,203
Interest-earning deposits in financial institutions                                                   -                 100,000
Securities available for sale                                                                33,173,189              33,192,217
Securities held to maturity (fair value:
    June 30, 2000- $420,147;December 31, 1999 - $456,511)                                       420,147                 456,511
Loans receivable, net of allowance for loan losses:  June 30,
    2000 - $1,438,687; and December 31, 1999 - $1,766,700                                   208,697,189             208,394,576
Accrued interest receivable                                                                     893,818                 839,967
Premises and equipment                                                                        2,270,208               2,292,342
Investments in limited liability partnerships                                                 1,774,664               1,332,128
Other assets                                                                                  3,385,462               2,239,874
                                                                                  ---------------------   ---------------------
        Total assets                                                              $         255,892,691   $         254,746,818
                                                                                  =====================   =====================

LIABILITIES AND SHAREHOLDERS' EQUITY
Demand deposits                                                                   $           4,636,028   $           4,407,411
Savings                                                                                      10,022,139               9,709,295
NOW and MMDDA                                                                                27,886,435              30,544,441
Other time deposits                                                                          83,816,211              98,550,446
                                                                                  ---------------------   ---------------------
        Total deposits                                                                      126,360,813             143,211,593
Borrowed funds                                                                              102,020,577              84,753,919
Accrued expenses and other liabilities                                                        1,144,133               1,126,007
                                                                                  ---------------------   ---------------------
        Total liabilities                                                                   229,525,523             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 shares issued at
           June 30, 2000 and December 31,1999                                                    26,407                  26,407
        Additional paid in capital                                                           28,755,734              28,733,423
        Retained earnings, substantially restricted                                          11,316,189              10,641,144
        Unearned employee stock ownership plan shares                                          (945,588)             (1,018,325)
        Unearned recognition and retention plan shares                                         (123,097)               (229,851)
        Net unrealized appreciation (depreciation) on securities available
              for sale                                                                         (473,629)               (543,742)
        Treasury stock, 907,636 and 887,152 common shares, at
          cost, at June 30, 2000 and December 31, 1999                                      (12,188,848)            (11,953,757)
                                                                                  ---------------------   ---------------------
               Total shareholders' equity                                                    26,367,168              25,655,299
                                                                                  ---------------------   ---------------------
                      Total liabilities and shareholders' equity                  $         255,892,691   $         254,746,818
                                                                                  =====================   =====================
</TABLE>
The accompanying notes to financial statements

                                       1


<PAGE>
                         NORTHEAST INDIANA BANCORP, INC.
                        CONSOLIDATED STATEMENTS OF INCOME
                Three and six months ended June 30, 2000 and 1999

<TABLE>
<CAPTION>

                                                       Three months ended                   Six months ended
                                                             June 30,                           June 30,
                                                    2000               1999              2000               1999
                                                    ----              -----             -----               ----
                                                                            (Unaudited)
<S>                                             <C>                <C>               <C>                <C>
Interest income
   Loans, including fees                        $ 4,297,346        $ 3,879,112       $ 8,531,780        $ 7,649,579
   Taxable securities                               567,664            348,835         1,116,141            575,750
   Non-taxable securities                             5,544              6,363            11,362             12,850
   Deposits with banks                               61,630             46,841           113,820             93,107
                                                -----------        -----------       -----------        -----------
     Total interest income                        4,932,184          4,281,151         9,773,103          8,331,286

Interest expense
   Deposits                                       1,593,214          1,333,376         3,270,957          2,661,719
   Borrowed funds                                 1,479,554            983,410         2,714,360          1,821,279
                                                -----------        -----------       -----------        -----------
     Total interest expense                       3,072,768          2,316,786         5,985,317          4,482,998

Net interest income                               1,859,416          1,964,365         3,787,786          3,848,288
Provision for loan losses                           191,250             34,500           382,500            135,000
                                                -----------        -----------       -----------        -----------

Net interest income after provision
  for loan losses                                 1,668,166          1,929,865         3,405,286          3,713,288

Noninterest income
   Service charges on deposit accounts               93,161             91,029           178,956            164,079
   Loan servicing fees                               45,537             58,173            98,144            126,016
   Net realized loss on sale of securities           (1,563)                 -            (1,563)                 -
   Other                                             88,053             58,967           179,148            107,365
                                                -----------        -----------       -----------        -----------
     Total noninterest income                       225,188            208,169           454,685            397,460

Noninterest expense
   Salaries and employee benefits                   601,453            526,082         1,191,000          1,049,561
   Occupancy                                        103,661             96,472           219,841            195,662
   Data processing                                  137,286            135,420           281,147            261,986
   Insurance expense                                  7,402             18,152            13,762             37,867
   Professional fees                                 56,025             35,563           119,090             74,437
   Correspondent bank charges                        60,894             56,600           116,864            109,128
   Other expense                                    196,765            161,024           390,996            332,075
                                                -----------        -----------       -----------        -----------
     Total noninterest expense                    1,163,486          1,029,313         2,332,700          2,060,716
Income before income taxes                          729,868          1,108,721         1,527,271          2,050,032
   Income tax expense                               225,270            418,680           503,698            778,967
                                                -----------        -----------       -----------        -----------

Net income                                      $   504,598        $   690,041       $ 1,023,573        $ 1,271,065
                                                ===========        ===========       ===========        ===========

Comprehensive Income                            $   574,030        $   520,898       $ 1,093,686        $ 1,077,139
                                                ===========        ===========       ===========        ===========

Basic earnings per common share                  $      0.32       $      0.42        $      0.64       $      0.77
Diluted earnings per common share                $      0.31       $      0.42        $      0.63       $      0.75
Return on average assets                                0.79%             1.22%              0.80%             1.16%
Return on average equity                                7.77%            10.88%              7.90%            10.03%
Equity to assets                                       10.30%            10.64%             10.30%            10.64%
</TABLE>

See accompanying notes to financial statements

                                       2
<PAGE>


                         NORTHEAST INDIANA BANCORP, INC.
            CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDER'S EQUITY
                         Six months ended June 30, 2000

                                   (Unaudited)

<TABLE>
<CAPTION>

                                                                                   Unearned     Unearned
                                                                                   Employee    Regcognition
                                                          Additional                 Stock         And      on Securities
                                                Common     Paid in     Retained    Ownership    Retention     Available
                                                 Stock     Capital     Earnings   Plan Shares  Plan Shares    For-Sale
                                                -------   ---------   ----------  -----------  ------------  ----------
<S>                                             <C>      <C>          <C>         <C>           <C>           <C>
Balance, January 1, 2000                        26,407   28,733,423   10,641,144  (1,018,325)   (229,851)     (543,742)

Net Income June 30, 2000                                               1,023,573



                                                                                                                70,113
 Total other comprehensive income


Comprehensive income

Dividends Paid $.20 per share year to date                              (348,528)

Purchase of 24,422 shares of Treasury Stock

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

Shares committed to be released under  ESOP                  28,124                   72,737

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

Amortization of RRP Contributions                                                                112,410
                                            -----------  ----------    ----------   ---------   ---------     ---------
Balance at June 30, 2000                        26,407   28,755,734    11,316,189    (945,588)   (123,097)     (473,629)
                                            ===========  ==========    ==========   =========   =========     =========
</TABLE>

                 See accompanying notes to financial statements

                                       3

<PAGE>


<TABLE>
<CAPTION>



                                                                   Total
                                                 Treasury       Shareholders'
                                                   Stock           Equity
                                                -----------     ------------
<S>                                             <C>              <C>
Balance, January 1, 2000                        (11,953,757)     25,655,299

Net Income June 30, 2000                                          1,023,573




 Total other comprehensive income                                    70,113
                                                                 ----------

Comprehensive income                                              1,093,686

Dividends Paid $.20 per share year to date                         (348,528)

Purchase of 24,422 shares of Treasury Stock        (278,520)       (278,520)

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

Shares committed to be released under  ESOP                         100,861

Purchase of 500 shares for RRP                        5,527              --

Amortization of RRP Contributions                   (10,977)        101,433
                                                ------------    ------------
Balance at June 30, 2000                        (12,188,848)     26,367,168
                                                ============    ============
</TABLE>


  See accompanying notes to financial statements

                                       3
<PAGE>

                         NORTHEAST INDIANA BANCORP, INC.
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                     Six months ended June 30, 2000 and 1999
<TABLE>
<CAPTION>
                                                                                    Six months ended
                                                                                         June 30,
                                                                                 2000                 1999
                                                                                 ----                 ----
                                                                                        (Unaudited)
<S>                                                                         <C>                 <C>
Cash flows from operating activities
        Net income                                                          $   1,023,573       $   1,271,065
        Adjustments to reconcile net income
          to net cash from operating activities
        Depreciation and amortization                                             200,551             109,989
        Provision for loan losses                                                 382,500             135,000
        Net (gain) loss on sale of foreclosed real estate                          18,116              (1,811)
        Net (gain) loss on sale of premises and equipment                          14,377                  --
        Net (gain) loss on sale of securities                                       1,563                  --
        Reduction of obligation under ESOP                                        100,861             119,856
        Amortization of RRP                                                       101,433             105,942
               Net change in:
                      Other assets                                               (874,713)            478,403
                      Accrued interest receivable                                 (53,851)           (221,044)
                      Accrued expenses and other liabilities                       18,126            (407,599)
                                                                            -------------       -------------
                      Total adjustments                                           (91,037)            318,736
                                                                            -------------       -------------
                                    Net cash from operating activities            932,536           1,589,801

Cash flows from investing activities
        Net decrease in interest bearing deposits in other
           other financial institutions                                           100,000                  --
        Purchases of securities available for sale                             (5,070,223)        (24,532,035)
        Proceeds from maturities and principal payments
          of securities available for sale                                        179,884           3,832,663
        Proceeds from maturities and principal payments
          of securities held to maturity                                           36,316              35,512
        Proceeds from sale of securities available for sale                     4,998,438                  --
        Purchases of loans                                                     (1,006,837)                 --
        Net change in loans                                                      (122,996)         (9,372,723)
        Proceeds from sale of foreclosed real estate                              109,763              93,306
        Expenditures on premises and equipment                                   (110,287)           (164,463)
        Proceeds from sale of premises and equipment                                  450                  --
                                                                            -------------       -------------
               Net cash from investing activities                                (885,492)        (30,107,740)

Cash flows from financing activities
        Net change in deposits                                                (16,850,780)            364,532

        Advances from FHLB                                                    102,000,000          58,500,000
        Repayment of FHLB advances                                            (86,099,545)        (35,099,487)
        Payments of demand notes                                                  (25,000)           (576,250)
        Net change in other borrowed funds                                        891,203           3,938,156
        Dividends paid                                                           (348,528)           (298,424)
        Purchase of stock                                                        (278,520)           (538,725)
        Sale of treasury stock                                                     42,937              22,747
                                                                            -------------       -------------
               Net cash from financing activities                                (668,233)         26,312,549
                                                                            -------------       -------------

Net change in cash and cash equivalents                                          (621,189)         (2,205,390)

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

Cash and cash equivalents at end of period                                  $   5,278,014       $   4,090,247
                                                                            =============       =============


Cash paid for:
        Interest                                                            $   5,977,053       $   4,434,680

        Income taxes                                                              671,700             693,000

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
                                  June 30, 2000


NOTE 1 - BASIS OF PRESENTATION

The unaudited  information  for the three and six months ended June 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 six  month  periods  reported  but  should  not be
considered as indicative of the results to be expected for the full year.

NOTE 2 - EMPLOYEE STOCK OWNERSHIP PLAN

Northeast  Indiana  Bancorp has  established  an employee  stock  ownership plan
("ESOP").  At the date of conversion the ESOP purchased 211,261 shares of common
stock of Northeast  Indiana  Bancorp  which was  financed by  Northeast  Indiana
Bancorp and collateralized by the shares purchased.  The borrowing is payable in
semi-annual  principal  payments of $72,000 over a 12 year period plus interest.
All  employees of First  Federal are eligible to  participate  in the ESOP after
they attain age 21 and complete one year of service  during which they worked at
least 1,000 hours. As of December 31, 1999,  88,044 shares have been distributed
to the plan participants.

NOTE 3 - EARNINGS PER SHARE

Basic earnings per share is based on weighted-average common shares outstanding.
Diluted  earnings per share  further  assumes  issue of any  dilutive  potential
common  shares.  The following  table has been restated to reflect the 10% stock
dividend  announced  on October 26,  1999 and  payable on  November  22, 1999 to
shareholders of record on November 8, 1999.
<TABLE>
<CAPTION>

                                                                 Three months ended             Six months ended
                                                                      June 30,                      June 30,
                                                                      --------                      --------
                                                                2000            1999         2000              1999
                                                                ----            ----         ----              ----
<S>                                                         <C>             <C>            <C>              <C>
Earnings Per Share
  Net Income available to common shareholders               $  504,598      $  690,041     $ 1,023,573      $1,271,065
  Weighted average common shares outstanding                 1,600,061       1,634,024       1,603,190       1,642,016
     Basic Earnings Per Share                               $     0.32      $     0.42     $      0.64      $     0.77

Earnings Per Share Assuming Dilution
   Net Income available to common shareholders              $  504,598      $  690,041      $1,023,573      $1,271,065
   Weighted average common shares outstanding                1,600,061       1,634,024       1,603,190       1,642,016
   Add: dilutive effects of assumed exercises of
             incentive stock options and non qualified
             stock options                                      12,674          20,457          28,443          58,999
   Weighted average and dilutive common shares
      Outstanding                                            1,612,735       1,654,481       1,631,633       1,701,015
       Diluted earnings per share                           $     0.31      $     0.42      $     0.63      $     0.75
</TABLE>


                                        6
<PAGE>


NOTE 4 - COMMON STOCK DIVIDENDS

On July 31, 2000,  the Board of Directors of  Northeast  Indiana  Bancorp,  Inc.
announced a quarterly cash dividend of $.10 per share. The dividend will be paid
on August 28, 2000 to  shareholders of record on August 16, 2000. The payment of
the  cash  dividend  will  reduce   shareholders'  equity  (second  quarter)  by
approximately $173,000.

Common share amounts,  market values and price per share disclosures  related to
stock  repurchase  programs,  stock based  compensation  plans and  earnings and
dividends per share  disclosures  have been restated for the 10% stock  dividend
declared on October 26, 1999.  Stock  dividends  for 20% or less are reported by
transferring  the market value, as of the ex-dividend  date, of the stock issued
from  retained   earnings  to  common  stock  and  additional   paid-in-capital.
Fractional shares were rounded up to the next whole share.


NOTE 5 - STOCK REPURCHASE PLAN

On June 29, 1999, Northeast Indiana Bancorp announced a stock repurchase program
to repurchase up to 10% of the outstanding shares in the open market as Treasury
shares  over the next twelve  months.  At June 30,  2000,  the end of the twelve
month period, approximately 63,000 shares were repurchased by this program.

There were also 4,422 shares  repurchased  from  exercised  options year to date
through  July  31,  2000  and 984  shares  of  RRP's  relinquished  due to early
retirement.

                                       6

<PAGE>


NOTE 6 - 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 June 30, 2000,  the capital  requirements  for First Federal under federal
regulatory  agencies and First Federal's  actual capital ratios.  As of June 30,
2000,  First  Federal  substantially  exceeded  all current  regulatory  capital
standards.

<TABLE>
<CAPTION>

                                                                                                        Minimum Required To Be Well
                                                                                                          Capitalized Under Prompt
                                                                               Minimum Required For    Corrective Action Regulations
                                                              Actual        Capital Adequacy Purpose
                                                       Amount        Ratio     Amount         Ratio       Amount           Ratio
                                                       ------        -----     ------         -----       ------           -----
                                                                              (Dollars in thousands)
<S>                                                <C>              <C>       <C>              <C>      <C>                <C>
Total Capital
(to risk weighted assets)                          $  25,941        15.9%     $  13,079        8.0%     $  16,349          10.0%

Tier 1 (core) capital (to risk weighted assets)
                                                      24,846        15.2%         6,539        4.0%         9,809           6.0%

Tier 1(core) capital (to adjusted total assets)
                                                      24,846         9.7%        10,240        4.0%        12,800           5.0%

Tier 1 (core) capital (to average assets)
                                                      24,846         9.7%        10,240        4.0%        12,800           5.0%
</TABLE>



NOTE 7 - RECLASSIFICATIONS

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


                                       7

<PAGE>


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


GENERAL

Northeast Indiana Bancorp,  Inc.  ("Northeast  Indiana Bancorp") 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") as a
unitary thrift  holding  company.  Prior to the  conversion,  Northeast  Indiana
Bancorp did not engage in any material  operations  and at June 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  which
began  operations  in  the  fourth  quarter.  At  the  end  of  June  30,  2000,
approximately  $21.8  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.

                                  (Continued)

                                       8
<PAGE>

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


FINANCIAL CONDITION

Northeast  Indiana  Bancorp's total assets  increased $1.2 million or 0.47% from
$254.7  million at December 31, 1999 to $255.9  million at June 30,  2000.  This
small increase was due primarily to slow loan growth.  Funds were generated from
$933,000 of operating  activities  and increased  borrowings  of $17.3  million,
which were offset by decreased  deposits of $16.9 million.  During the first six
months of 2000 Northeast  Indiana  Bancorp  purchased  1.39% of the  outstanding
shares to fund Treasury Stock which reduced our capital $278,000.

Net loans receivable increased $302,000 or 0.15% from $208.4 million at December
31, 1999 to $208.7  million at June 30,  2000.  The increase in loans during the
first six months of 2000 was  predominantly  in commercial  loan products  which
accounted for $1.2 million of the increase, offset by a $1.3 million decrease in
consumer  lending and an $892,000  decrease in mortgage loan products.  The loan
contra accounts including  undisbursed loan funds decreased from $4.6 million to
$3.6 million  approximately  $1.0 million.  This slow growth on lending products
was  generally  because  of  the  market  conditions  reflecting  higher  rates.
Allowance  for loan  losses  decreased  approximately  $328,000  through the six
months ended June 30,  2000.  This  decrease  was a result of net actual  losses
taken of $710,000  through the first six months of 2000 offset by the  provision
for loan losses of $382,000.

INVESTMENTS

Securities  available for sale  remained  unchanged at $33.2 million at December
31,  1999 to June 30,  2000.  Investments  of $5.1  million  were  purchased  to
replenish  the  $5.1  million  of  calls,  payments,  maturities  and  sales  of
investments.

RESULTS OF OPERATIONS

Northeast  Indiana Bancorp had net income of $505,000 or $0.31 per diluted share
and $1.0  million or $0.63 per diluted  share for the three and six months ended
June 30, 2000  compared to $690,000 or $0.42 per diluted  share and $1.3 million
or $0.75 per  diluted  share for the three and six months  ended June 30,  1999.
Note that all per share  earnings  have been  restated  to reflect the 10% stock
dividend to be paid on November 22, 1999.


                                  (Continued)

                                       9
<PAGE>
                         NORTHEAST INDIANA BANCORP, INC.
MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND OPERATING RESULTS


RESULTS OF OPERATIONS (CONTINUED)

Net  interest  income  decreased to $1.9 million for the three months ended June
30, 2000 compared to $2.0 million for the three months ended June 30, 1999.  Net
interest  income remained flat at $3.8 million for the six months ended June 30,
2000 and June 30, 1999.  Interest income increased  $651,000 to $4.9 million for
June 30, 2000  compared to $4.3 million for June 30, 1999.  Interest  income for
the six months ended June 30, 2000 was $9.8 million compared to $8.3 million for
the six months ended June 30, 1999,  an increase of $1.4 million or 17.31%.  For
the second quarter,  interest expense increased $756,000 to $3.1 million for the
quarter  ended June 30, 2000  compared to $2.3 million  June 30, 1999.  Interest
expense for the six months ended June 30, 2000 was approximately $6.0 million an
increase of $1.5  million  over the $4.5  million  expensed  for the same period
ended June 30, 1999.  This  increase is due to borrowed  funds and time deposits
repricing at higher rates as they mature. During the first half of 2000, we have
changed our mix to reduce wholesale time deposit  balances,  which increased our
FHLB advances position.

Provisions for loan losses increased by $157,000 for the three months ended June
30, 2000  compared to the same period  ended June 30,  1999.  The  increases  to
provisions  are  discussed  in  more  detail  under  non-performing  assets  and
allowances for loan losses.

Non-interest  income  increased  to $225,000 for the three months ended June 30,
2000 compared to $208,000 for the comparable  period in 1999. This represents an
increase of $17,000 for the quarter over the same period last year. Non-interest
income increased to $455,000  compared to $397,000 for the six months ended June
30, 2000 and 1999 respectively.  This increase of $58,000 or 14.6% is the result
of deposit account  service fees and other income  including fee income from the
Trust and the Financial Services.

Non-interest  expense  increased  to $1.2 million and $2.3 million for the three
and six months ended June 30, 2000 compared to $1.0 million and $2.1 million for
the  corresponding  period in 1999.  This represents an increase of $134,000 and
$272,000  for the three and six  months  ended  June 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.  Data processing  expense has
increased  to $137,000  and $281,000 for the three and six months ended June 30,
2000 due to software upgrades and increased  processing volume and fees compared
to $135,000 and $262,000 for the same periods ended June 30, 1999.


                                  (Continued)

                                       10
<PAGE>


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


RESULTS OF OPERATIONS (CONTINUED)

Income tax expense  decreased  for the three and six months  ended June 30, 2000
due to lower taxable income compared to the same periods 1999 and an increase in
the available tax credits from First Federal's  investment in low income housing
projects.

NON-PERFORMING ASSETS AND ALLOWANCE FOR LOAN LOSSES

The allowance for loan losses is established through a provision for loan losses
based on management's  quarterly asset  classification  review and evaluation of
the risk inherent in its loan  portfolio and changes in the nature and volume of
its loan activity.  Such  evaluation,  which 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  factors  that  warrant  recognition  in  providing  for an
adequate allowance for loan loss. As a result of this review process, management
recorded  provisions  for loan losses in the amount of $191,000 and $383,000 for
the three and six months  ended June 30, 2000  compared to $35,000 and  $135,000
for the same  periods  ended June 30,  1999.  Management  believes  our  current
allowance  for  loan  loss is  adequate  and is  weighted  for the mix of  loans
currently  held;  therefore we  anticipate  that the  quarterly  expense will be
maintained for the third quarter 2000.

We had several  consumer and commercial loans which had been classified and were
written off during the second  quarter  ended June 30, 2000.  The net  write-off
amount was $710,000 for the quarter of which $375,000 were included in the first
quarter specific reserves, bringing our June 30, 2000 allowances for loan losses
to $1.4 million from $1.8 million at December  1999.  The $1.4 million  includes
$343,000  assigned to specific loans and the remaining $1.1 million is allocated
across loan product lines.

                                    (Continued)

                                       11

<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.  The following  table  summarizes in
thousands the various categories of non-performing assets:

<TABLE>
<CAPTION>

                                                           June 30             December 31
                                                             2000                  1999
                                                             ----                  ----
<S>                                                          <C>                <C>
               Non-accruing loans
                 One-to-four family                          $       396        $        399
                 Multi- family                                        27                  22
                 Commercial real estate                               --                 247
                 Construction or development                         453                 683
                 Consumer                                            122                 186
                 Commercial business                                 354                 233
                                                        ----------------- ------------------

               Total                                               1,352               1,710
                                                        -----------------  ------------------
               Foreclosed assets
                 One -to-four -family                                123                  49
                 Commercial                                           --                  --
                 Land                                                243                  --
                                                        -----------------  -----------------
               Total                                                 366                  49
               Repossessed assets
                 Consumer                                             99                  14
                                                        ----------------   -----------------
               Total                                                  99                  14
                                                        ================   =================
                  Total non-performing assets                $     1,817        $      1,773
                                                        ================   =================
                  Total non-performing assets as a
                   percentage of total assets                       0.71%               0.70%


</TABLE>


Total non-performing  assets remained at $1.8 million for both June 30, 2000 and
December 31, 1999. The non-performing asset ratio increased slightly to 0.71% on
June 30, 2000 from 0.70% at December 31, 1999.


                                  (Continued)

                                       12

<PAGE>
                         NORTHEAST INDIANA BANCORP, INC.
MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND OPERATING RESULTS

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
June 30, 2000, First Federal exceeded all regulatory capital standards.

At June 30, 2000, First Federal's risk based capital was $25.9 million or 15.87%
of risk  adjusted  assets  which  exceeds  the  $13.1  million  and the 8.0% OTS
requirement by $12.8 million and 7.87%. First Federal's core capital at June 30,
2000 is $24.8  million  or 9.71%  which  exceeds  the OTS  requirement  of $10.2
million and 4.00% by $14.6 million and 5.71%.

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 June 30, 2000,  First  Federal's  liquidity  ratio was 4.53%,
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 June 30, 2000, First
Federal  had  commitments  to  originate  loans and to fund open lines of credit
totaling  $19.0  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.



                                  (Continued)


                                       13

<PAGE>

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


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.

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.


                                  (Continued)

                                       14


<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

         (a)   The Annual Meeting of Shareholders ("the meeting") of Northeast
               Indiana Bancorp, Inc. was held on April 19, 2000. The matters
               approved by shareholders at the meeting and the number of votes
               cast for, against or withheld (as well as the number of
               abstentions) as to each matter are set forth below:

               (1) The election of the following directors for a three year
                   term:

                                                        Votes
                                                        -----
                                              For                  Withheld
                                              ---                  --------

                  Michael S. Zahn          1,279,678                32,979
                  Randall C Rider          1,281,594                31,063


               (2) Ratification of Crowe, Chizek and Company, LLP as auditors
                   for the year ending December 31, 2000:

                                                        Votes
                                                        -----
                                        For          Against     Withheld
                                        ---          -------     --------
                                     1,283,898       18,161       10,598

ITEM 5 - OTHER INFORMATION
               None


                                       15
<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) April 21, 2000 Announcing First Quarter Earnings, Cash
                       Dividends and Annual Meeting Results

                   (2) July 21, 2000 Announcing Second Quarter Earnings


                                       16

<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:  August 14, 2000          By:    /S/ STEPHEN E. ZAHN
                                       ---------------------------
                                       Stephen E. Zahn
                                       President and Chief Executive Officer
                                      (Duly Authorized Officer)


Date:  August 14, 2000          By:    /S/ DARRELL E. BLOCKER
                                       ----------------------------
                                       Darrell E. Blocker
                                       Senior Vice President and
                                          Chief Financial Officer
                                         (Principal Financial Officer)