Northeast Bank (NBN) 10-Q 2007 Q3 Quarterly report

NORTHEAST BANCORP
Exhibit 11. Statement Regarding Computation of Per Share Earnings
	Three Months Ended		Three Months Ended
	March 31, 2007		March 31, 2006
EQUIVALENT SHARES:
Weighted Average Shares Outstanding		2,452,632		2,479,835
Total Diluted Shares		2,471,476		2,509,369
Net Income	$	524,967	$	873,741
Basic Earnings Per Share	$	0.21	$	0.35
Diluted Earnings Per Share	$	0.21	$	0.35
		Nine Months Ended		Nine Months Ended
		March 31, 2007		March 31, 2006
EQUIVALENT SHARES:
Weighted Average Shares Outstanding		2,451,298		2,509,718
Total Diluted Shares		2,471,156		2,543,791
Net Income	$	1,396,991	$	2,987,034
Basic Earnings Per Share	$	0.57	$	1.19
Diluted Earnings Per Share	$	0.57	$	1.17