NORTHEAST BANCORP
Exhibit 11. Statement Regarding Computation of Per Share Earnings
Three Months Ended Three Months Ended
December 31, 1999 December 31, 1998
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EQUIVALENT SHARES:
Weighted Average Shares Outstanding 2,774,885 2,692,802
Total Diluted Shares 2,788,188 2,786,889
Net Income $ 836,744 $ 700,568
Less Preferred Stock Dividend 0 8,167
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Income Available to Common
Stockholders $ 836,744 $ 692,401
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Basic Earnings Per Share $ 0.30 $ 0.26
Diluted Earnings Per Share $ 0.30 $ 0.25
Six Months Ended Six Months Ended
December 31, 1999 December 31, 1998
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EQUIVALENT SHARES:
Weighted Average Shares Outstanding 2,772,662 2,654,158
Total Diluted Shares 2,792,661 2,790,300
Net Income $ 1,638,465 $ 1,336,605
Less Preferred Stock Dividend 0 25,667
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Income Available to Common
Stockholders $ 1,638,465 $ 1,310,938
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Basic Earnings Per Share $ 0.59 $ 0.49
Diluted Earnings Per Share $ 0.59 $ 0.48