[LETTERHEAD OF SILVER, FREEDMAN & TAFF, L.L.P.]




                         January 15, 1998 




Board of Directors
Northeast Indiana Bancorp, Inc.
648 North Jefferson Street
Huntington, Indiana 46750

Gentlemen:

     We have acted as counsel to Northeast Indiana Bancorp, Inc. (the
"Company") in connection with the preparation and filing with the
Securities and Exchange Commission of a registration statement on Form S-8
under the Securities Act of 1933 (the "Registration Statement") relating to
shares of the Company's common stock, par value $.01 per share (the "Common
Stock"), to be offered pursuant to the Northeast Indiana Bancorp, Inc.
Employees' Savings & Profit Sharing Plan and Trust (the "Plan") and related
interests in the Plan.

     In this connection, we have reviewed originals or copies, certified or
otherwise identified to our satisfaction, of the Plan and related
documents, the Company's Certificate of Incorporation, Bylaws, resolutions
of its Board of Directors and such other documents and corporate records as
we have deemed appropriate for the purpose of giving this opinion.

     Based upon the foregoing, it is our opinion that the shares of Common
Stock and interests in the Plan covered by the Registration Statement will,
when sold, be legally issued, fully paid and non-assessable.

     We hereby consent to the inclusion of our opinion as Exhibit 5 of this
Registration Statement on Form S-8.  In giving this consent, we do not
admit that we are within the category of persons whose consent is required
under Section 7 of the Securities Act of 1933, as amended, or the rules and
regulations of the Securities and Exchange Commission thereunder.
    

                              Very truly yours,


                              /s/ SILVER, FREEDMAN & TAFF, L.L.P.
                              SILVER, FREEDMAN & TAFF, L.L.P.