The full-year 2015 earnings equate to a return on average assets of 1.37 percent and a return on average equity of 11.91 percent compared to an ROA of 1.15 percent and an ROE of 10.71 percent for the full year 2014.

The company also announced quarterly earnings for the three months ended Dec. 31, 2015, of $1.0 million ($0.84 per diluted common share). This is an increase of $133,000 or 15.2 percent compared to net income of $875,000 ($0.73 per diluted common share) for the three months ended Dec. 31, 2014.

The current quarter’s earnings equates to an ROA of 1.42 percent and an ROE of 12.41 percent compared to an ROA of 1.26 percent and an ROE of 11.60 percent for the prior year quarter ended Dec. 31, 2014.

Commenting on the financial results, First Federal Savings Bank President and CEO Michael S. Zahn stated, “Due to the focus and dedication of our staff and the relationships we establish with each and every customer, the bank continues to financially perform at a very high level. Our performance allowed us to reward our shareholders not only with the 21st consecutive annual dividend increase but a first-ever special cash dividend in 2015. I’m excited about what lies ahead as we continue to serve our customers and our communities.

Total assets increased $8.0 million to $284.1 million at Dec. 31, 2015, compared to Dec. 31, 2014, assets of $276.1 million. Total deposits decreased $3.6 million to $209.5 million at Dec. 31, 2015, from $213.2 million at Dec. 31, 2014.

The company paid out cash dividends of $1.6 million to shareholders during the year ended Dec. 31, 2015. The book value of NIDB stock was $26.95 per common share as of Dec. 31, 2015, an increase of $1.60 or 6.3 percent compared to book value of $25.35 per common share as of Dec. 31, 2014. The company’s stock closed at $30 per common share Dec. 31, 2015, an increase of $4 or 15.4 percent compared to the closing stock price of $26 per common share Dec. 31, 2014.