Exhibit 99.1







                                            FOR IMMEDIATE RELEASE
                                            APRIL 22, 2004
                                            FOR ADDITIONAL INFORMATION
                                            CONTACT:  RANDY J SIZEMORE
                                                      SENIOR VICE PRESIDENT, CFO
                                                            (260) 358-4680



                    NORTHEAST INDIANA BANCORP, INC. ANNOUNCES
            CASH DIVIDEND AND HOLDS NINTH ANNUAL SHAREHOLDER MEETING

HUNTINGTON, INDIANA, -- Northeast Indiana Bancorp, Inc., (NEIB), the parent
company of First Federal Savings Bank, has announced that the Corporation will
pay a cash dividend of $0.14 per common share. The dividend will be payable on
May 19, 2004 to shareholders of record on May 05, 2004.

NEIB held its ninth annual shareholders' meeting April 21, 2004. The
shareholders selected Stephen E. Zahn and Dan L. Stephan as directors of NEIB
for terms to expire in 2007. The ratification of Crowe, Chizek and Company LLC
as external auditors for the year ended December 31, 2004 was also approved by
the shareholders.

The book value of NEIB's stock was $18.35 per common share as of March 31, 2004.
The last reported trade of stock at the close of business on April 21, 2004 was
$21.50 per common share and the number of outstanding shares was 1,492,457 as of
the same date.

Northeast Indiana Bancorp, Inc. is headquartered at 648 North Jefferson Street,
Huntington, Indiana. The Company offers a full array of banking, trust, and
financial brokerage services to its customers through three full service
branches in Huntington, Indiana. The Company is traded on The NASDAQ Stock
Market under the symbol "NEIB".