Northeast Bank (NBN) 10-Q 2011 Q1 Quarterly report

NORTHEAST BANCORP
Exhibit 11. Statement Regarding Computation of Per Share Earnings
	Three Months Ended		Three Months Ended
	September 30, 2010		September 30, 2009
EQUIVALENT SHARES:
Weighted Average Shares Outstanding		2,329,098		2,321,332
Total Diluted Shares		2,349,115		2,328,432
Net Income	$	960,691	$	495,669
Less:
Preferred Stock Dividend		52,838		52,838
Accretion of Preferred Stock		6,689		6,646
Amortization of issuance costs		1,300		1,300
Net income available to common stockholders	$	899,864	$	434,885
Basic Earnings Per Share	$	0.39	$	0.19
Diluted Earnings Per Share	$	0.38	$	0.19