| For      the quarterly period ended | December31,      2008 |
|-------------------------------------|-----------------------|

| Commission      File Number | 1-14588 |
|-----------------------------|---------|

| Maine                                                               |   | 01-0425066                                      |
|---------------------------------------------------------------------|--------|-------------------------------------------------|
| (State      or other jurisdiction of incorporation or organization) |   | (I.R.S.      Employer Identification No.)  |
| 500      Canal Street, Lewiston, Maine                              |   | 04240                                           |
| (Address      of Principal executive offices)                       |   | (Zip      Code)                                 |

| Part      I.  | Financial      Information |
|---------------|----------------------------|
|          | Item      1.               | Consolidated      Financial Statements |
|          |                       |   |
|          |                       | Consolidated      Balance SheetsDecember      31, 2008 (Unaudited) and June 30, 2008 |
|          |                       |   |
|          |                       | Consolidated      Statements of Income (Unaudited)Three      Months Ended December 31, 2008 and 2007 |
|          |                       |   |
|          |                       | Consolidated      Statements of Income (Unaudited)Six      Months Ended December 31, 2008 and 2007 |
|          |                       |   |
|          |                       | Consolidated      Statements of Changes in Stockholders' Equity (Unaudited)Six      Months Ended December 31, 2008 and 2007 |
|          |                       |   |
|          |                       | Consolidated      Statements of Cash Flows (Unaudited)Six      Months Ended December 31, 2008 and 2007 |
|          |                       |   |
|          |                       | Notes      to Consolidated Financial Statements (Unaudited) |
|          |                       |   |
|          | Item      2.               | Management's      Discussion and Analysis of Results of Operations and Financial      Condition |
|          |                       |   |
|          | Item      3.               | Quantitative      and Qualitative Disclosure about Market Risk |
|          |                       |   |
|          | Item      4.               | Controls      and Procedures |
|          |                       |
| Part      II. | Other      Information     |
|          |                       |   |
|          | Item      1.               | Legal      Proceedings |
|          |                       |   |
|          | Item      1.a.             | Risk      Factors |
|          |                       |   |
|          | Item      2.               | Unregistered      Sales of Equity Securities and Use of Proceeds |
|          |                       |   |
|          | Item      3.               | Defaults      Upon Senior Securities |
|          |                       |   |
|          | Item      4.               | Submission      of Matters to a Vote of Security Holders |
|          |                       |   |
|          | Item      5.               | Other      Information |
|          |                       |   |
|          | Item      6.               | Exhibits |

| PART      1 - FINANCIAL INFORMATION                                                                                  |   |              |        |   |          |   |
|----------------------------------------------------------------------------------------------------------------------|--------|-------------------|-------------|--------|---------------|--------|
|                                                                                                                 |   |              |        |   |          |   |
| Item      1.  Financial Statements                                                                         |   |              |        |   |          |   |
|                                                                                                                 |   |              |        |   |          |   |
| NORTHEAST      BANCORP AND SUBSIDIARY                                                                                |   |              |        |   |          |   |
| Consolidated      Balance Sheets                                                                                     |   |              |        |   |          |   |
|                                                                                                                 |   |              |        |   |          |   |
|                                                                                                                 |   | December      31, |        |   | June      30, |   |
|                                                                                                                 |   | 2008              |        |   | 2008          |   |
|                                                                                                                 |   | (Unaudited)       |        |   | (Audited)     |   |
| Assets                                                                                                               |   |              |        |   |          |   |
| Cash      and due from banks                                                                                         |   | $                 | 6,159,237   |   |          | $      | 9,077,012 |   |
| Interest-bearing      deposits                                                                                       |   |              | 4,232,944   |   |          |   | 3,466,969 |   |
| Total      cash and cash equivalents                                                                                 |   |              | 10,392,181  |   |          |   | 12,543,981 |   |
|                                                                                                                 |   |              |        |   |          |   |   |   |
| Available-for-sale      securities, at fair value                                                                    |   |              | 157,834,423 |   |          |   | 134,482,977 |   |
| Loans      held-for-sale                                                                                             |   |              | 1,357,425   |   |          |   | 485,580 |   |
|                                                                                                                 |   |              |        |   |          |   |   |   |
| Loans      receivable                                                                                                |   |              | 408,243,464 |   |          |   | 409,193,969 |   |
| Less      allowance for loan losses                                                                                  |   |              | 5,721,000   |   |          |   | 5,656,000 |   |
| Net      loans                                                                                                       |   |              | 402,522,464 |   |          |   | 403,537,969 |   |
|                                                                                                                 |   |              |        |   |          |   |   |   |
| Premises      and equipment, net                                                                                     |   |              | 9,098,794   |   |          |   | 8,683,569 |   |
| Acquired      assets, net                                                                                            |   |              | 742,174     |   |          |   | 678,350 |   |
| Accrued      interest receivable                                                                                     |   |              | 2,294,047   |   |          |   | 2,291,314 |   |
| Federal      Home Loan Bank stock, at cost                                                                           |   |              | 4,889,400   |   |          |   | 4,889,400 |   |
| Federal      Reserve Bank stock, at cost                                                                             |   |              | 471,500     |   |          |   | 471,500 |   |
| Goodwill                                                                                                             |   |              | 4,390,340   |   |          |   | 4,390,340 |   |
| Intangible      assets, net of accumulated amortization of $2,025,411 at 12/31/08 and      $1,642,140 at 6/30/08     |   |              | 8,061,153   |   |          |   | 8,444,424 |   |
| Bank      owned life insurance                                                                                       |   |              | 12,567,873  |   |          |   | 12,292,216 |   |
| Other      assets                                                                                                    |   |              | 4,031,717   |   |          |   | 5,082,030 |   |
| Total      assets                                                                                                    |   | $                 | 618,653,491 |   |          | $      | 598,273,650 |   |
|                                                                                                                 |   |              |        |   |          |   |   |   |
|                                                                                                                 |   |              |        |   |          |   |   |   |
| Liabilities      and Stockholders' Equity                                                                            |   |              |        |   |          |   |   |   |
| Liabilities:                                                                                                         |   |              |        |   |          |   |   |   |
| Deposits                                                                                                             |   |              |        |   |          |   |   |   |
| Demand                                                                                                               |   | $                 | 32,721,449  |   |          | $      | 35,142,661 |   |
| NOW                                                                                                                  |   |              | 45,162,808  |   |          |   | 47,977,659 |   |
| Money      market                                                                                                    |   |              | 26,057,527  |   |          |   | 22,160,816 |   |
| Regular      savings                                                                                                 |   |              | 18,558,856  |   |          |   | 19,905,507 |   |
| Brokered      time deposits                                                                                          |   |              | 17,547,060  |   |          |   | 12,596,615 |   |
| Certificates      of deposit                                                                                         |   |              | 224,943,068 |   |          |   | 225,590,513 |   |
| Total      deposits                                                                                                  |   |              | 364,990,768 |   |          |   | 363,373,771 |   |
|                                                                                                                 |   |              |        |   |          |   |   |   |
| Federal      Home Loan Bank advances                                                                                 |   |              | 65,895,000  |   |          |   | 90,575,000 |   |
| Structured      repurchase agreements                                                                                |   |              | 60,000,000  |   |          |   | 40,000,000 |   |
| FRB      borrower-in-custody account                                                                                 |   |              | 15,000,000  |   |          |   | - |   |
| Short-term      borrowings                                                                                           |   |              | 39,764,804  |   |          |   | 32,840,837 |   |
| Junior      subordinated debentures issued to affiliated trusts                                                      |   |              | 16,496,000  |   |          |   | 16,496,000 |   |
| Capital      lease obligation                                                                                        |   |              | 2,818,912   |   |          |   | 2,891,022 |   |
| Other      borrowings                                                                                                |   |              | 3,431,432   |   |          |   | 4,026,885 |   |
| Due      to broker                                                                                                   |   |              | -           |   |          |   | 4,934,931 |   |
| Other      liabilities                                                                                               |   |              | 2,342,832   |   |          |   | 2,861,892 |   |
| Total      liabilities                                                                                               |   |              | 570,739,748 |   |          |   | 558,000,338 |   |
|                                                                                                                 |   |              |        |   |          |   |   |   |
| Commitments      and contingent liabilities                                                                          |   |              |        |   |          |   |   |   |
|                                                                                                                 |   |              |        |   |          |   |   |   |
| Stockholders'      equity                                                                                            |   |              |        |   |          |   |   |   |
|         Preferred stock, $1.00 par value, 1,000,000 shares authorized; 4,227 and 0      shares outstanding |   |              |        |   |          |
| at      December 31, 2008 and June 30, 2008, respectively; liquidation      preference of $1,000 per share           |   |              | 4,227       |   |          |   | - |   |
| Common      stock, at stated value, 15,000,000 shares authorized; 2,321,332      and                                 |   |              |        |   |          |   |   |
| 2,315,182      shares outstanding at December 31, 2008 and June 30, 2008,      respectively                          |   |              | 2,321,332   |   |          |   | 2,315,182 |   |
| Warrants                                                                                                             |   |              | 133,468     |   |          |   | - |   |
| Additional      paid-in capital                                                                                 |   |              | 6,711,089   |   |          |   | 2,582,270 |   |
| Retained      earnings                                                                                               |   |              | 36,624,580  |   |          |   | 36,679,932 |   |
| Accumulated      other comprehensive income (loss)                                                              |   |              | 2,119,047   |   |          |   | (1,304,072 | ) |
|  Total      stockholders' equity                                                                           |   |              | 47,913,743  |   |          |   | 40,273,312 |   |
| Total      liabilities and stockholders' equity                                                                      |   | $                 | 618,653,491 |   |          | $      | 598,273,650 |   |

| NORTHEAST      BANCORP AND SUBSIDIARY                                                              |   |                    |      |   |   |   |
|----------------------------------------------------------------------------------------------------|--------|-------------------------|-----------|--------|--------|--------|
| Consolidated      Statements of Income                                                             |   |                    |      |   |   |   |
| (Unaudited)                                                                                        |   |                    |      |   |   |   |
|                                                                                               |   |                    |      |   |   |   |
|                                                                                               |   | Three      Months Ended |      |
|                                                                                               |   | December      31,       |      |
|                                                                                               |   | 2008                    |      |   | 2007   |   |
| Interest      and dividend income:                                                                 |   |                    |      |   |   |   |
| Interest      on loans                                                                             |   |  $                 | 6,615,786 |   |   | $      | 7,588,460 |   |
| Interest      on Federal Home Loan Bank overnight deposits                                         |   |                    | 244       |   |   |   | 24,569 |   |
| Taxable      interest on available-for-sale securities                                             |   |                    | 1,833,533 |   |   |   | 1,206,280 |   |
| Tax-exempt      interest on available-for-sale securities                                          |   |                    | 112,601   |   |   |   | 112,608 |   |
| Dividends      on available-for-sale securities                                                    |   |                    | 23,538    |   |   |   | 33,865 |   |
| Dividends      on Federal Home Loan Bank  and Federal Reserve      Bank  stock |   |                    | 37,806    |   |   |   | 86,127 |   |
| Other      interest and dividend income                                                            |   |                    | 29,408    |   |   |   | 20,741 |   |
| Total      interest and dividend income                                                            |   |                    | 8,652,916 |   |   |   | 9,072,650 |   |
|                                                                                               |   |                    |      |   |   |   |   |   |
| Interest      expense:                                                                             |   |                    |      |   |   |   |   |   |
| Deposits                                                                                           |   |                    | 2,376,157 |   |   |   | 3,412,717 |   |
| Federal      Home Loan Bank advances                                                               |   |                    | 659,223   |   |   |   | 965,515 |   |
| Structured      repurchase agreements                                                              |   |                    | 763,737   |   |   |   | 362,972 |   |
| Short-term      borrowings                                                                         |   |                    | 223,973   |   |   |   | 402,950 |   |
| Junior      subordinated debentures issued to affiliated trusts                                    |   |                    | 257,656   |   |   |   | 272,412 |   |
| FRB      Borrower-in-Custody                                                                       |   |                    | 49,897    |   |   |   | - |   |
| Obligation      under capital lease agreements                                                     |   |                    | 39,511    |   |   |   | 33,024 |   |
| Other      borrowings                                                                              |   |                    | 56,117    |   |   |   | 53,766 |   |
| Total      interest expense                                                                        |   |                    | 4,426,271 |   |   |   | 5,503,356 |   |
|                                                                                               |   |                    |      |   |   |   |   |   |
| Net      interest and dividend income before provision for loan    losses                          |   |                    | 4,226,645 |   |   |   | 3,569,294 |   |
|                                                                                               |   |                    |      |   |   |   |   |   |
| Provision      for loan losses                                                                     |   |                    | 503,561   |   |   |   | 179,653 |   |
| Net      interest and dividend income after provision for loan    losses                           |   |                    | 3,723,084 |   |   |   | 3,389,641 |   |
|                                                                                               |   |                    |      |   |   |   |   |   |
| Noninterest      income:                                                                           |   |                    |      |   |   |   |   |   |
| Fees      for other services to customers                                                          |   |                    | 278,042   |   |   |   | 269,866 |   |
| Net      securities gains (losses)                                                                 |   |                    | 26,060    |   |   |   | (1,799 | ) |
| Gain      on sales of loans                                                                        |   |                    | 111,211   |   |   |   | 121,287 |   |
| Investment      commissions                                                                        |   |                    | 607,628   |   |   |   | 586,488 |   |
| Insurance      commissions                                                                         |   |                    | 1,430,767 |   |   |   | 1,098,976 |   |
| BOLI      income                                                                                   |   |                    | 122,456   |   |   |   | 105,283 |   |
| Other  income                                                                            |   |                    | 174,763   |   |   |   | 216,784 |   |
| Total      noninterest income                                                                      |   |                    | 2,750,927 |   |   |   | 2,396,885 |   |
|                                                                                               |   |                    |      |   |   |   |   |   |
| Noninterest      expense:                                                                          |   |                    |      |   |   |   |   |   |
| Salaries      and employee benefits                                                                |   |                    | 3,599,258 |   |   |   | 3,122,918 |   |
| Occupancy      expense                                                                             |   |                    | 451,373   |   |   |   | 439,958 |   |
| Equipment      expense                                                                             |   |                    | 422,391   |   |   |   | 407,829 |   |
| Intangible      assets amortization                                                                |   |                    | 188,639   |   |   |   | 145,211 |   |
| Other                                                                                              |   |                    | 1,479,660 |   |   |   | 1,164,934 |   |
|   Total      noninterest expense                                                         |   |                    | 6,141,321 |   |   |   | 5,280,850 |   |
|                                                                                               |   |                    |      |   |   |   |   |   |
| Income      before income tax expense                                                              |   |                    | 332,690   |   |   |   | 505,676 |   |
|        Income tax expense                                                                     |   |                    | 39,115    |   |   |   | 103,248 |   |
|                                                                                               |   |                    |      |   |   |   |   |   |
| Net      income                                                                                    |   | $                       | 293,575   |   |   | $      | 402,428 |   |
|                                                                                               |   |                    |      |   |   |   |   |   |
|                                                                                               |   |                    |      |   |   |   |   |   |
| Earnings      per common share:                                                                    |   |                    |      |   |   |   |   |   |
|  Basic                                                                                        |   | $                       | 0.12      |   |   | $      | 0.17 |   |
|  Diluted                                                                                      |   | $                       | 0.12      |   |   | $      | 0.17 |   |
|                                                                                               |   |                    |      |   |   |   |   |   |
| Net      interest margin (tax equivalent basis)                                                    |   |                    | 2.99      | %      |   |   | 2.66 | % |
| Net      interest spread (tax equivalent basis)                                                    |   |                    | 2.82      | %      |   |   | 2.39 | % |
| Return      on average assets (annualized)                                                         |   |                    | 0.19      | %      |   |   | 0.28 | % |
| Return      on average equity (annualized)                                                         |   |                    | 2.75      | %      |   |   | 3.85 | % |
| Efficiency      ratio                                                                              |   |                    | 88        | %      |   |   | 89 | % |

| NORTHEAST      BANCORP AND SUBSIDIARY                                     |   |                  |       |   |   |   |
|---------------------------------------------------------------------------|--------|-----------------------|------------|--------|--------|--------|
| Consolidated      Statements of Income                                    |   |                  |       |   |   |   |
| (Unaudited)                                                               |   |                  |       |   |   |   |
|                                                                      |   |                  |       |   |   |   |
|                                                                      |   | Six      Months Ended |       |
|                                                                      |   | December      31,     |       |
|                                                                      |   | 2008                  |       |   | 2007   |   |
| Interest      and dividend income:                                        |   |                  |       |   |   |   |
| Interest      on loans                                                    |   | $                     | 13,417,034 |   |   | $      | 15,311,638 |   |
| Interest      on Federal Home Loan Bank overnight deposits                |   |                  | 244        |   |   |   | 35,478 |   |
| Taxable      interest on available-for-sale securities                    |   |                  | 3,453,458  |   |   |   | 2,179,694 |   |
| Tax-exempt      interest on available-for-sale securities                 |   |                  | 227,126    |   |   |   | 223,731 |   |
| Dividends      on available-for-sale securities                           |   |                  | 35,248     |   |   |   | 66,645 |   |
| Dividends      on Federal Home Loan Bank and Federal Reserve Bank stock   |   |                  | 81,949     |   |   |   | 171,410 |   |
| Other      interest and dividend income                                   |   |                  | 32,604     |   |   |   | 40,941 |   |
| Total      interest and dividend income                                   |   |                  | 17,247,663 |   |   |   | 18,029,537 |   |
|                                                                      |   |                  |       |   |   |   |   |   |
| Interest      expense:                                                    |   |                  |       |   |   |   |   |   |
| Deposits                                                                  |   |                  | 4,913,693  |   |   |   | 6,827,293 |   |
| Federal      Home Loan Bank advances                                      |   |                  | 1,428,946  |   |   |   | 2,059,689 |   |
| Structured      repurchase agreements                                     |   |                  | 1,421,771  |   |   |   | 488,961 |   |
| Short-term      borrowings                                                |   |                  | 441,431    |   |   |   | 775,376 |   |
| Junior      subordinated debentures issued to affiliated trusts           |   |                  | 510,915    |   |   |   | 545,892 |   |
| FRB      Borrower-in-Custody                                              |   |                  | 61,992     |   |   |   | 7,877 |   |
| Obligation      under capital lease agreements                            |   |                  | 79,461     |   |   |   | 66,465 |   |
| Other      borrowings                                                     |   |                  | 121,603    |   |   |   | 95,844 |   |
| Total      interest expense                                               |   |                  | 8,979,812  |   |   |   | 10,867,397 |   |
|                                                                      |   |                  |       |   |   |   |   |   |
| Net      interest and dividend income before provision for loan    losses |   |                  | 8,267,851  |   |   |   | 7,162,140 |   |
|                                                                      |   |                  |       |   |   |   |   |   |
| Provision      for loan losses                                            |   |                  | 1,024,285  |   |   |   | 369,935 |   |
| Net      interest and dividend income after provision for loan    losses  |   |                  | 7,243,566  |   |   |   | 6,792,205 |   |
|                                                                      |   |                  |       |   |   |   |   |   |
| Noninterest      income:                                                  |   |                  |       |   |   |   |   |   |
| Fees      for other services to customers                                 |   |                  | 589,313    |   |   |   | 543,478 |   |
| Net      securities losses                                                |   |                  | (82,067    | )      |   |   | (7,736 | ) |
| Gain      on sales of loans                                               |   |                  | 222,536    |   |   |   | 274,242 |   |
| Investment      commissions                                               |   |                  | 1,028,330  |   |   |   | 984,499 |   |
| Insurance      commissions                                                |   |                  | 2,948,214  |   |   |   | 1,965,019 |   |
| BOLI      income                                                          |   |                  | 245,657    |   |   |   | 217,049 |   |
| Other  income                                                   |   |                  | 359,592    |   |   |   | 409,707 |   |
| Total      noninterest income                                             |   |                  | 5,311,575  |   |   |   | 4,386,258 |   |
|                                                                      |   |                  |       |   |   |   |   |   |
| Noninterest      expense:                                                 |   |                  |       |   |   |   |   |   |
| Salaries      and employee benefits                                       |   |                  | 7,043,176  |   |   |   | 5,984,063 |   |
| Occupancy      expense                                                    |   |                  | 891,837    |   |   |   | 851,248 |   |
| Equipment      expense                                                    |   |                  | 832,910    |   |   |   | 786,927 |   |
| Intangible      assets amortization                                       |   |                  | 383,271    |   |   |   | 248,748 |   |
| Other                                                                     |   |                  | 3,078,970  |   |   |   | 2,251,468 |   |
|   Total      noninterest expense                                |   |                  | 12,230,164 |   |   |   | 10,122,454 |   |
|                                                                      |   |                  |       |   |   |   |   |   |
| Income      before income tax expense                                     |   |                  | 324,977    |   |   |   | 1,056,009 |   |
| Income      tax (benefit) expense                                         |   |                  | (37,713    | )      |   |   | 223,016 |   |
|                                                                      |   |                  |       |   |   |   |   |   |
| Net      income                                                           |   | $                     | 362,690    |   |   | $      | 832,993 |   |
|                                                                      |   |                  |       |   |   |   |   |   |
|                                                                      |   |                  |       |   |   |   |   |   |
| Earnings      per common share:                                           |   |                  |       |   |   |   |   |   |
|  Basic                                                               |   | $                     | 0.15       |   |   | $      | 0.35 |   |
|  Diluted                                                             |   | $                     | 0.15       |   |   | $      | 0.35 |   |
|                                                                      |   |                  |       |   |   |   |   |   |
| Net      interest margin (tax equivalent basis)                           |   |                  | 2.95       | %      |   |   | 2.71 | % |
| Net      interest spread (tax equivalent basis)                           |   |                  | 2.76       | %      |   |   | 2.40 | % |
| Return      on average assets (annualized)                                |   |                  | 0.12       | %      |   |   | 0.29 | % |
| Return      on average equity (annualized)                                |   |                  | 1.74       | %      |   |   | 4.01 | % |
| Efficiency      ratio                                                     |   |                  | 90         | %      |   |   | 88 | % |

| NORTHEAST      BANCORP AND SUBSIDIARY                                                                    |
|----------------------------------------------------------------------------------------------------------|
| Consolidated      Statements of Changes in Stockholders' Equity                                          |
| Six      Months Ended December 31, 2008 and 2007                                                         |
| (Unaudited)                                                                                              |
|                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                     |   | PreferredStock |   |   | CommonStock |   |   | Warrants |   |   | AdditionalPaid-inCapital |   |   | RetainedEarnings |   |   | AccumulatedOtherComprenhensive(Loss)      Income |   |   | Total |   |
| Balance      at June 30, 2007                                                                            |   | $ | - |   |   | $ | 2,448,832 |   |   | $ | - |   |   | $ | 4,715,164 |   |   | $ | 35,600,428 |   |   | $ | (1,914,546 | ) |   | $ | 40,849,878 |   |
| Net      income for six months ended 12/31/07                                                            |   |   | -  |   |   |   | -  |   |   |   | -  |   |   |   | -  |   |   |   | 832,993 |   |   |   | -  |   |   |   | 832,993 |   |
| Other      comprehensive income net of tax:                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      unrealized gain on investments available for      sale, net of reclassification adjustment      |   |   | -  |   |   |   | -  |   |   |   | -  |   |   |   | -  |   |   |   | -  |   |   |   | 2,100,696 |   |   |   | 2,100,696 |   |
| Total      comprehensive income                                                                          |   |   | -  |   |   |   | -  |   |   |   | -  |   |   |   | -  |   |   |   | -  |   |   |   | -  |   |   |   | 2,933,689 |   |
|                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Dividends      on common stock at $0.18 per share                                                        |   |   | -  |   |   |   | -  |   |   |   | -  |   |   |   | -   |   |   |   | (433,603 | ) |   |   | -  |   |   |   | (433,603 | ) |
| Stock      options exercised                                                                             |   |   | -  |   |   |   | 3,000 |   |   |   | -  |   |   |   | 29,025 |   |   |   | -  |   |   |   | -  |   |   |   | 32,025 |   |
| Stock      grant                                                                                         |   |   | -  |   |   |   | 150 |   |   |   | -  |   |   |   | 1,387 |   |   |   | -  |   |   |   | -  |   |   |   | 1,537 |   |
| Common      stock re-purchased                                                                           |   |   | -  |   |   |   | (127,800 | ) |   |   | -  |   |   |   | (2,036,530 | ) |   |   | -  |   |   |   | -  |   |   |   | (2,164,330 | ) |
| Balance      at December 31, 2007                                                                        |   | $ | - |   |   | $ | 2,324,182 |   |   | $ | - |   |   | $ | 2,709,046 |   |   | $ | 35,999,818 |   |   | $ | 186,150 |   |   | $ | 41,219,196 |   |
|                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance      at June 30, 2008                                                                            |   | $ | - |   |   | $ | 2,315,182 |   |   | $ | - |   |   | $ | 2,582,270 |   |   | $ | 36,679,932 |   |   | $ | (1,304,072 | ) |   | $ | 40,273,312 |   |
| Net      income for six months ended 12/31/08                                                            |   |   | -  |   |   |   | -  |   |   |   | -  |   |   |   | -  |   |   |   | 362,690 |   |   |   | -  |   |   |   | 362,690 |   |
| Other      comprehensive income net of tax:                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      unrealized gain on investments available for sale, net of      reclassification adjustment |   |   | -  |   |   |   | -  |   |   |   | -  |   |   |   | -  |   |   |   | -  |   |   |   | 3,423,119 |   |   |   | 3,423,119 |   |
| Total      comprehensive income                                                                          |   |   | -  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 3,785,809 |   |
|                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Dividends      on common stock at $0.18 per share                                                        |   |   | -  |   |   |   | -  |   |   |   | -  |   |   |   | -  |   |   |   | (416,467 | ) |   |   | -  |   |   |   | (416,467 | ) |
| Net      proceeds from Capital Purchase Program                                                          |   |   | 4,227 |   |   |   | -  |   |   |   | 133,468 |   |   |   | 4,081,166 |   |   |   | -  |   |   |   | -  |   |   |   | 4,218,861 |   |
| Stock      options exercised                                                                             |   |   | -  |   |   |   | 6,000 |   |   |   | -  |   |   |   | 44,500 |   |   |   | -  |   |   |   | -  |   |   |   | 50,500 |   |
| Stock      grant                                                                                         |   |   | -  |   |   |   | 150 |   |   |   | -  |   |   |   | 1,578 |   |   |   | -  |   |   |   | -  |   |   |   | 1,728 |   |
| Accretion      of preferred stock                                                                        |   |   | -  |   |   |   | -  |   |   |   | -  |   |   |   | 1,439 |   |   |   | (1,439 | ) |   |   | -  |   |   |   | - |   |
| Amortization      of issuance cost of preferred stock                                                    |   |   | -  |   |   |   | -  |   |   |   | -  |   |   |   | 136 |   |   |   | (136  |  ) |   |   | -  |   |   |   | -  |   |
| Balance      at December 31, 2008                                                                        |   | $ | 4,227 |   |   | $ | 2,321,332 |   |   | $ | 133,468 |   |   | $ | 6,711,089 |   |   | $ | 36,624,580 |   |   | $ | 2,119,047 |   |   | $ | 47,913,743 |   |

| Consolidated      Statements of Cash Flows                                                                       |   |                  |        |   |   |   |
|------------------------------------------------------------------------------------------------------------------|--------|-----------------------|-------------|--------|--------|--------|
| (Unaudited)                                                                                                      |   |                  |        |   |   |   |
|                                                                                                             |   |                  |        |   |   |   |
|                                                                                                             |   | Six      Months Ended |        |
|                                                                                                             |   | December      31,     |        |
|                                                                                                             |   | 2008                  |        |   | 2007   |   |
| Cash      (used in) provided by operating activities:                                                       |   | $                     | (268,896    | )      |   | $      | 1,305,857 |   |
|                                                                                                             |   |                  |        |   |   |   |   |   |
| Cash      flows from investing activities:                                                                       |   |                  |        |   |   |   |   |   |
| Available-for-sale      securities purchased                                                                     |   |                  | (33,208,346 | )      |   |   | (47,643,783 | ) |
| Available-for-sale      securities matured                                                                       |   |                  | 7,109,660   |   |   |   | 6,657,500 |   |
| Available-for-sale      securities sold                                                                          |   |                  | 2,703,046   |   |   |   | 733,764 |   |
| Net      change in loans                                                                                         |   |                  | 205,382     |   |   |   | 17,342,124 |   |
| Net      capital expenditures                                                                                    |   |                  | (1,001,958  | )      |   |   | (703,322 | ) |
| Proceeds      from sale of acquired assets                                                                       |   |                  | 290,017     |   |   |   | - |   |
| Purchase of      Bank Owned Life Insurance                                                                  |   |                  | -           |   |   |   | (2,000,000 | ) |
| Cash      paid in connection with acquisition of insurance agency                                                |   |                  | -           |   |   |   | (3,696,250 | ) |
| Net      cash used in investing activities                                                                       |   |                  | (23,902,199 | )      |   |   | (29,309,967 | ) |
|                                                                                                             |   |                  |        |   |   |   |   |   |
| Cash      flows from financing activities:                                                                       |   |                  |        |   |   |   |   |   |
| Net      change in deposits                                                                                      |   |                  | 1,616,997   |   |   |   | (904,418 | ) |
| Net      change in short-term borrowings                                                                         |   |                  | 6,923,967   |   |   |   | 3,053,592 |   |
| Dividends      paid                                                                                              |   |                  | (416,467    | )      |   |   | (433,603 | ) |
| Net      proceeds from Capital Purchase Program                                                                  |   |                  | 4,191,861   |   |   |   | - |   |
| Proceeds      from stock options exercised                                                                       |   |                  | 50,500      |   |   |   | 33,562 |   |
| Common      stock repurchased                                                                                    |   |                  | -           |   |   |   | (2,164,330 | ) |
| Advances      from the Federal Home Loan Bank                                                                    |   |                  | 5,000,000   |   |   |   | 7,000,000 |   |
| Repayment      of advances from the Federal Home Loan Bank                                                       |   |                  | (10,000,000 | )      |   |   | (13,455,021 | ) |
| Net payments      on Federal Home Loan Bank overnight advances                                              |   |                  | (19,680,000 | )      |   |   | (6,310,000 | ) |
| Structured      repurchase agreements                                                                            |   |                  | 20,000,000  |   |   |   | 40,000,000 |   |
| FRB      borrower-in-custody                                                                                     |   |                  | 15,000,000  |   |   |   | - |   |
| Repayment      on debt from insurance agencies acquisitions                                                      |   |                  | (595,453    | )      |   |   | (329,289 | ) |
| Repayment      on capital lease obligation                                                                       |   |                  | (72,110     | )      |   |   | (65,667 | ) |
| Net      cash provided by financing activities                                                                   |   |                  | 22,019,295  |   |   |   | 26,424,826 |   |
|                                                                                                             |   |                  |        |   |   |   |   |   |
| Net      decrease cash and cash equivalents                                                                      |   |                  | (2,151,800  | )      |   |   | (1,579,284 | ) |
|                                                                                                             |   |                  |        |   |   |   |   |   |
| Cash      and cash equivalents, beginning of period                                                              |   |                  | 12,543,981  |   |   |   | 10,741,721 |   |
| Cash      and cash equivalents, end of period                                                                    |   | $                     | 10,392,181  |   |   | $      | 9,162,437 |   |
|                                                                                                             |   |                  |        |   |   |   |   |   |
|                                                                                                             |   |                  |        |   |   |   |   |   |
| Cash      and cash equivalents include cash on hand, amounts due from banks, and      interest-bearing deposits. |   |                  |        |   |   |
|                                                                                                             |   |                  |        |   |   |   |   |   |
| Supplemental      schedule of noncash activities:                                                                |   |                  |        |   |   |   |   |   |
| Transfer      from loans to aquired assets and other real estate owned                                           |   | $                     | 508,839     |   |   | $      | - |   |
| Net      change in valuation for unrealized gains/losses, net of income      tax,                                |   |                  |        |   |   |   |   |   |
|   on      available-for-sale securities                                                                |   | $                     | 3,423,119   |   |   | $      | 2,100,696 |   |
|                                                                                                             |   |                  |        |   |   |   |   |   |
| Supplemental      disclosures of cash paid during the period for:                                                |   |                  |        |   |   |   |   |   |
| Income      taxes paid, net of refunds                                                                           |   | $                     | 195,000     |   |   | $      | 320,000 |   |
| Interest      paid                                                                                               |   |                  | 9,034,367   |   |   |   | 10,638,842 |   |
|                                                                                                             |   |                  |        |   |   |   |   |   |
| Insurance      Agency acquisitions - see Note 10                                                                 |   |                  |        |   |   |   |   |   |

| Affiliated      Trusts    |   | TrustPreferredSecurities |       |   | CommonSecurities |   |    | JuniorSubordinatedDebentures |   |   | InterestRate |   | Maturity      Date |
|------------------------------------------|--------|--------------------------|------------|--------|------------------|--------|---------|------------------------------|--------|--------|--------------|--------|--------------------|
| NBN  Capital      Trust II     |   | $                        | 3,000,000  |   |             | $      | 93,000  |                         |   | $      | 3,093,000    |   |               |   | 4.27 | % | March      30, 2034  |
| NBN  Capital      Trust III    |   |                     | 3,000,000  |   |             |   | 93,000  |                         |   |   | 3,093,000    |   |               |   | 6.50 | % | March      30, 2034  |
| NBN  Capital      Trust IV     |   |                     | 10,000,000 |   |             |   | 310,000 |                         |   |   | 10,310,000   |   |               |   | 5.88 | % | February      23, 2035  |
|      Total      |   | $                        | 16,000,000 |   |             | $      | 496,000 |                         |   | $      | 16,496,000   |   |               |   | 5.69 | % |   |

|                                           |   | December      31, 2008  |        |   | June      30, 2008 |   |
|------------------------------------------------|--------|------------------------------|-------------|--------|--------------------|--------|
| Residential      real estate                   |   | $                            | 141,900,406 |   |               | $      | 140,244,226 |   |
| Commercial      real estate                    |   |                         | 115,846,187 |   |               |   | 111,222,848 |   |
| Construction                                   |   |                         | 8,229,531   |   |               |   | 4,536,974 |   |
| Commercial                                     |   |                         | 28,955,147  |   |               |   | 33,516,315 |   |
| Consumer      & Other                      |   |                         | 110,921,630 |   |               |   | 117,046,759 |   |
|      Total            |   |                         | 405,852,901 |   |               |   | 406,567,122 |   |
| Net      Deferred Costs                        |   |                         | 2,390,563   |   |               |   | 2,626,847 |   |
|      Total      Loans |   | $                            | 408,243,464 |   |               | $      | 409,193,969 |   |

|                                            |   | Six      months EndedDecember      31, |      |
|-------------------------------------------------|--------|----------------------------------------|-----------|
|                                            |   | 2008                                   |      |   | 2007 |   |
| Balance      at beginning of period             |   | $                                      | 5,656,000 |   |   | $ | 5,756,000 |   |
| Add      provision charged to operations        |   |                                   | 1,024,285 |   |   |   | 369,935 |   |
| Recoveries      on loans previously charged off |   |                                   | 105,896   |   |   |   | 37,630 |   |
|                                            |   |                                   | 6,786,181 |   |   |   | 6,163,565 |   |
| Less      loans charged off                     |   |                                   | 1,065,181 |   |   |   | 407,565 |   |
| Balance      at end of period                   |   | $                                      | 5,721,000 |   |   | $ | 5,756,000 |   |

|                                                                            |   | December      31, 2008 |            |   | June      30, 2008 |   |
|---------------------------------------------------------------------------------|--------|------------------------|-----------------|--------|--------------------|--------|
|                                                                            |   | AmortizedCost          |            |   | FairValue          |   |   | AmortizedCost |   |   | FairValue |   |
| Debt      securities issued by U. S.      Government-sponsored enterprises |   | $                      |  8,997,458 |   |               | $      |  9,111,717 |   |   | $ | 1,394,087 |   |   | $ | 1,313,124 |   |
| Mortgage-backed      securities                                                 |   |                   | 131,550,207     |   |               |   | 135,997,436 |   |   |   | 120,695,852 |   |   |   | 119,600,353 |   |
| Municipal      bonds                                                            |   |                   | 11,270,456      |   |               |   | 10,889,314 |   |   |   | 11,274,516 |   |   |   | 11,112,247 |   |
| Corporate      bonds                                                            |   |                   | 500,000         |   |               |   | 455,845 |   |   |   | 500,000 |   |   |   | 481,768 |   |
| Equity      securities                                                          |   |                   | 2,305,625       |   |               |   | 1,380,111 |   |   |   | 2,594,389 |   |   |   | 1,975,485 |   |
|                                                                            |   | $                      | 154,623,746     |   |               | $      | 157,834,423 |   |   | $ | 136,458,844 |   |   | $ | 134,482,977 |   |

|                                                                                                                                                                   |   | December      31, 2008 |        |   | June      30, 2008 |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------|-------------|--------|--------------------|--------|
|                                                                                                                                                                   |   | AmortizedCost          |        |   | FairValue          |   |   | AmortizedCost |   |   | FairValue |   |
| Due      in one year or less                                                                                                                                           |   | $                      | 500,000     |   |               | $      | 455,845 |   |   | $ | - |   |   | $ | - |   |
| Due      after one year through five years                                                                                                                             |   |                   | 8,005,030   |   |               |   | 8,111,252 |   |   |   | 500,000 |   |   |   | 481,768 |   |
| Due      after five years through ten years                                                                                                                            |   |                   | 215,374     |   |               |   | 210,590 |   |   |   | 215,396 |   |   |   | 215,432 |   |
| Due      after ten years                                                                                                                                               |   |                   | 12,047,510  |   |               |   | 11,679,189 |   |   |   | 12,453,207 |   |   |   | 12,209,939 |   |
| Mortgage-backed      securities (including securities with interest rates ranging      from 4.0% to 6.4% maturing February 2013      to September 2038) |   |                   | 131,550,207 |   |               |   | 135,997,436 |   |   |   | 120,695,852 |   |   |   | 119,600,353 |   |
|                                                                                                                                                                   |   | $                      | 152,318,121 |   |               | $      | 156,454,312 |   |   | $ | 133,864,455 |   |   | $ | 132,507,492 |   |

| December 31, 2008                              |
|------------------------------------------------|
| Principal      Amounts                    |   | Interest      Rates |   | Maturity      Dates For Periods Ending December      31, |
| $   27,895,000        |   | 0.38% - 5.11% |   | 2009 |
| 8,000,000                            |   | 3.99      - 4.99 |   | 2011 |
| 15,000,000                           |   | 2.55 – 3.99 |   | 2013 |
|     10,000,000   |   | 4.26 |   | 2016 |
|     5,000,000    |   | 4.29 |   | 2017 |
| $  65,895,000              |   |   |   |   |

| June 30, 2008                                 |
|-----------------------------------------------|
| Principal      Amounts                   |   | Interest      Rates |   | Maturity      Dates For Periods Ending June 30, |
| $   55,575,000       |   | 2.50% - 5.21% |   | 2009 |
| 2,000,000                           |   | 4.31 |   | 2010 |
| 3,000,000                           |   | 4.99 |   | 2011 |
| 15,000,000                          |   | 2.55 - 3.99 |   | 2013 |
| 10,000,000                          |   | 4.26 |   | 2017 |
|     5,000,000   |   | 4.29 |   | 2018 |
| $  90,575,000             |   |   |   |   |

| December 31, 2008 |
|-------------------|
| Amount            |   |   | Interest Rate |   | Cap/Floor |   | Amount of Cap/Floor |   |   | Strike Rate |   | Maturity |
| $                 | 20,000,000 |   |   |   | 4.68 | % | Purchased      Caps |   | $ | 40,000,000 |   |   |   | 5.50 | % | August      28, 2012 |
| $                 | 10,000,000 |   |   |   | 3.98 | % | Sold      Floors |   | $ | 20,000,000 |   |   |   | 4.86 | % | August      28, 2012 |
| $                 | 10,000,000 |   |   |   | 4.18 | % | Purchased      Caps |   | $ | 10,000,000 |   |   |   | 4.88 | % | December      13, 2012 |
| $                 | 10,000,000 |   |   |   | 4.30 | % | Purchased      Caps |   | $ | 10,000,000 |   |   |   | 3.79 | % | July      3, 2013 |
| $                 | 10,000,000 |   |   |   | 4.44 | % | Purchased      Caps |   | $ | 10,000,000 |   |   |   | 3.81 | % | September      23, 2015 |
| $                 | 60,000,000 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| June 30, 2008 |
|---------------|
| Amount        |   |   | Interest Rate |   | Cap/Floor |   | Amount of Cap/Floor |   |   | Strike Rate |   | Maturity |
| $             | 20,000,000 |   |   |   | 4.68 | % | Purchased      Caps |   | $ | 40,000,000 |   |   |   | 5.50 | % | August      28, 2012 |
| $             | 10,000,000 |   |   |   | 3.98 | % | Sold      Floors |   | $ | 20,000,000 |   |   |   | 4.86 | % | August      28, 2012 |
| $             | 10,000,000 |   |   |   | 4.18 | % | Purchased      Caps |   | $ | 10,000,000 |   |   |   | 4.88 | % | December      13, 2012 |
| $             | 40,000,000 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|  Purchase      price          |   | Hartford |      |   | Spence      &Mathews |   |      | Hyler     |   |   | Totals    |   |
|------------------------------------|--------|----------|-----------|--------|--------------------------|--------|-----------|-----------|--------|--------|-----------|--------|
| Cash      paid                     |   | $        | 425,250   |   |                     |   | 3,043,000 |      |   |   | 233,000   |   |   |   | 3,701,250 |   |
| Debt      incurred                 |   |     | 911,350   |   |                     |   | 1,122,885 |      |   |   | 789,701   |   |   |   | 2,823,936 |   |
| Acquisition      costs             |   |     | 9,181     |   |                     |   | 17,630    |      |   |   | 9,543     |   |   |   | 36,354 |   |
| Total                              |   | $        | 1,345,781 |   |                     |   | 4,183,515 |      |   |   | 1,032,244 |   |   |   | 6,561,540 |   |
|                               |   |     |      |   |                     |   |      |      |   |   |      |   |   |   |   |   |
| Allocation      of purchase price: |   |     |      |   |                     |   |      |      |   |   |      |   |   |   |   |   |
| Goodwill                           |   | $        | 275,781   |   |                     |   | 1,090,265 |      |   |   | 179,064   |   |   |   | 1,545,110 |   |
| Customer      list intangible      |   |     | 970,000   |   |                     |   | 2,285,000 |      |   |   | 650,000   |   |   |   | 3,905,000 |   |
| Non-compete      intangible        |   |     | 100,000   |   |                     |   | 800,000   |      |   |   | 200,000   |   |   |   | 1,100,000 |   |
| Fixed      and other assets        |   |     | -         |   |                     |   | 8,250     |      |   |   | 3,180     |   |   |   | 11,430 |   |
| Total                              |   | $        | 1,345,781 |   |                     |   | 4,183,515 |      |   |   | 1,032,244 |   |   |   | 6,561,540 |   |
|                               |   |     |      |   |                     |   |      |      |   |   |      |   |   |   |   |   |
| Acquisition      date              |   | 08/30/07 |      |   | 11/30/07                 |   |      | 12/11/07  |   |   |      |   |   |
| Location      in Maine             |   | Auburn   |      |   | Berwick                  |   |      | Thomaston |   |   |      |   |   |

|  Purchase      price          |   | Palmer   |      |   | Sturtevantand Ham |   |    | SouthernMaine |   |   | Russell   |   |   | Totals |    |
|------------------------------------|--------|----------|-----------|--------|-------------------|--------|---------|---------------|--------|--------|-----------|--------|--------|--------|---------|
| Cash      paid                     |   | $        | 800,000   |   |              |   | 475,000 |          |   |   | 900,000   |   |   |   | 275,000 |   |   |   | 2,450,000 |   |
| Debt      incurred                 |   |     | 1,067,000 |   |              |   | 475,000 |          |   |   | 450,000   |   |   |   | 325,000 |   |   |   | 2,317,000 |   |
| Acquisition      costs             |   |     | 8,360     |   |              |   | 3,877   |          |   |   | 4,264     |   |   |   | 4,501   |   |   |   | 21,002 |   |
| Total                              |   | $        | 1,875,360 |   |              |   | 953,877 |          |   |   | 1,354,264 |   |   |   | 604,501 |   |   |   | 4,788,002 |   |
|                               |   |     |      |   |              |   |    |          |   |   |      |   |   |   |    |   |   |   |   |   |
| Allocation      of purchase price: |   |     |      |   |              |   |    |          |   |   |      |   |   |   |    |   |   |   |   |   |
| Goodwill                           |   | $        | 1,174,274 |   |              |   | 324,367 |          |   |   | 754,764   |   |   |   | 219,501 |   |   |   | 2,472,906 |   |
| Customer      list intangible      |   |     | 600,000   |   |              |   | 550,000 |          |   |   | 520,000   |   |   |   | 300,000 |   |   |   | 1,970,000 |   |
| Non-compete      intangible        |   |     | 300,000   |   |              |   | 75,000  |          |   |   | 75,000    |   |   |   | 85,000  |   |   |   | 535,000 |   |
| Fixed      and other assets        |   |     | 5,086     |   |              |   | 4,510   |          |   |   | 4,500     |   |   |   | -       |   |   |   | 14,096 |   |
| Deferred      income taxes         |   |     | (204,000  | )      |              |   | -       |          |   |   | -         |   |   |   | -       |   |   |   | (204,000 | ) |
| Total                              |   | $        | 1,875,360 |   |              |   | 953,877 |          |   |   | 1,354,264 |   |   |   | 604,501 |   |   |   | 4,788,002 |   |
|                               |   |     |      |   |              |   |    |          |   |   |      |   |   |   |    |   |   |   |   |   |
| Acquisition      date              |   | 11/28/06 |      |   | 12/01/06          |   |    | 03/30/07      |   |   | 06/28/07  |   |   |   |    |   |
| Location      in Maine             |   | Turner   |      |   | Livermore         |   |    | Scarborough   |   |   | Madison   |   |   |   |    |   |

|                          |   | December 31, 2008 |        |   | Quoted Prices in Active Markets for Identical      Assets (Level 1) |   |      | Significant Other Observable      Inputs(Level 2) |   |   | Significant UnobservableInputs(Level 3) |   |
|-------------------------------|--------|-------------------|-------------|--------|---------------------------------------------------------------------|--------|-----------|---------------------------------------------------|--------|--------|-----------------------------------------|--------|
|                          |   |              |        |   |                                                                |   |      |                                              |   |   |                                    |   |
| Available-for-sale-securities |   | $                 | 157,834,423 |   |                                                                | $      | 1,380,111 |                                              |   | $      | 156,454,312                             |   |   |  $ |  - |   |

|                |   |   December 31, 2008 |      |   | Quoted Prices in Active Markets for Identical      Assets (Level 1) |    |   | Significant Other Observable      Inputs(Level 2) |   |   | Significant UnobservableInputs(Level 3) |   |
|---------------------|--------|-------------------------------|-----------|--------|---------------------------------------------------------------------|---------|--------|---------------------------------------------------|--------|--------|-----------------------------------------|--------|
|                |   |                          |      |   |                                                                |    |   |                                              |   |   |                                    |   |
| Impaired      Loans |   | $                             | 1,519,723 |   |                                                                |  $ | -      |                                              |   | $      | 1,408,456                               |   |   | $ | 111,267 |   |

|                                                    |   | Difference      Due to |     |   |   |   |
|---------------------------------------------------------|--------|------------------------|----------|--------|--------|--------|
|                                                    |   | Volume                 |     |   | Rate   |   |   | Total |   |
| Investments                                             |   | $                      | 480,357  |   |   | $      | 88,408 |   |   | $ | 568,765 |   |
| Loans,      net                                         |   |                   | (147,918 | )      |   |   | (824,756 | ) |   |   | (972,674 | )  |
| FHLB      & Other Deposits                          |   |                   | 7,528    |   |   |   | (23,186 | )  |   |   | (15,658 | )  |
|   Total      Interest-earnings Assets         |   |                   | 339,967  |   |   |   | (759,534 | )  |   |   | (419,567 | )  |
|                                                    |   |                   |     |   |   |   |   |   |   |   |   |   |
| Deposits                                                |   |                   | 1,590    |   |   |   | (1,038,150 | )  |   |   | (1,036,560 | )  |
| Securities      sold under Repurchase Agreements        |   |                   | 7,911    |   |   |   | (186,888 | ) |   |   | (178,977 | )  |
| Borrowings                                              |   |                   | 362,906  |   |   |   | (224,453 | )  |   |   | 138,453 |   |
|   Total      Interest-bearing Liabilities     |   |                   | 372,407  |   |   |   | (1,449,491 | )  |   |   | (1,077,084 | ) |
|    Net      Interest and Dividend Income |   | $                      | (32,440  | )      |   | $      | 689,957 |   |   | $ | 657,517 |   |
|                                                    |   |                   |     |   |   |   |   |   |   |   |   |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   | Difference      Due to |      |   |   |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------|-----------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   | Volume                 |      |   | Rate   |   |   | Total |   |
| Investments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   | $                      | 1,045,359 |   |   | $      | 113,111 |   |   | $ | 1,158,470 |   |
| Loans,      net                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |                   | (411,453  | )      |   |   | (1,483,151 | ) |   |   | (1,894,604 | )  |
| FHLB      & Other Deposits                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                   | 24,988    |   |   |   | (68,559 | ) |   |   | (43,571 | )  |
|   Total      Interest-earnings Assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |                   | 658,894   |   |   |   | (1,438,599 | ) |   |   | (779,705 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                   |      |   |   |   |   |   |   |   |   |   |
| Deposits                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |                   | (16,169   | )      |   |   | (1,897,431 | )  |   |   | (1,913,600 | )  |
| Securities      sold under repurchase Agreements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                   | 22,565    |   |   |   | (356,510 | ) |   |   | (333,945 | ) |
| Borrowings                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |                   | 767,163   |   |   |   | (407,203 | ) |   |   | 359,960 |   |
|   Total      Interest-bearing Liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                   | 773,559   |   |   |   | (2,661,144 | )  |   |   | (1,887,585 | ) |
|    Net      Interest and Dividend Income                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | $                      | (114,665  | )      |   | $      | 1,222,545 |   |   | $ | 1,107,880 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                   |      |   |   |   |   |   |   |   |   |   |
| Rate/volume      amounts which are partly attributable to rate and volume are spread      proportionately between volume and rate based on the direct change      attributable to rate and volume. Borrowings in the table include junior      subordinated notes, FHLB borrowings, structured repurchase agreements,      capital lease obligation and other borrowings. The adjustment to interest      income and yield on a fully tax equivalent basis was $102,002 and $99,833      for the six months ended December 31, 2008 and 2007,      respectively. |   |

|                                                                          |   |
|-------------------------------------------------------------------------------|--------|
|                                                                          |   | Consumer      Loans as of |   |
|                                                                          |   | December      31, 2008 |   |   | June      30, 2008 |   |
| Indirect      Auto                                                            |   | $ | 33,360,018 |   |   |   | 30 | % |   | $ | 34,980,847 |   |   |   | 30 | % |
| Indirect      RV                                                              |   |   | 52,451,687 |   |   |   | 47 | % |   |   | 54,915,583 |   |   |   | 47 | % |
| Indirect      Mobile Home                                                     |   |   | 20,194,550 |   |   |   | 18 | % |   |   | 21,759,537 |   |   |   | 18 | % |
|                Subtotal Indirect |   |   | 106,006,255 |   |   |   | 95 | % |   |   | 111,655,967 |   |   |   | 95 | % |
| Other                                                                         |   |   | 4,915,375 |   |   |   | 5 | % |   |   | 5,390,792 |   |   |   | 5 | % |
| Total                                                                         |   | $ | 110,921,630 |   |   |   | 100 | % |   | $ | 117,046,759 |   |   |   | 100 | % |

|              Description |   | December 31, 2008 |      |   | June 30, 2008 |   |
|-------------------------------------------------------------|--------|-------------------|-----------|--------|---------------|--------|
| Residential      Real Estate                                |   | $                 | 1,271,000 |   |          | $      | 1,390,000 |   |
| Commercial      Real Estate                                 |   |              | 2,957,000 |   |          |   | 2,358,000 |   |
| Commercial      Loans                                       |   |              | 2,463,000 |   |          |   | 3,214,000 |   |
| Construction                                                |   |              | -         |   |          |   | 101,000 |   |
| Consumer      and Other                                     |   |              | 678,000   |   |          |   | 640,000 |   |
|    Total      non-performing                 |   | $                 | 7,369,000 |   |          | $      | 7,703,000 |   |

| 12-31-08 |   | 9-30-08 |   | 6-30-08 |   | 3-31-08 |   | 12-31-07 |
|----------|--------|---------|--------|---------|--------|---------|--------|----------|
| 4.35%    |   | 3.43%   |   | 3.64%   |   | 4.41%   |   | 4.49%    |

| Brokered      time deposit                                    |   | $      | 136,527,000      |   |  Subject      to policy limitation of 25% of total assets                |
|---------------------------------------------------------------|--------|--------|------------------|--------|-------------------------------------------------------------------------------|
|                                                          |   |   |             |   |  Unused      advance capacity subject to eligible and                    |
| Federal      Home Loan Bank of Boston                         |   | $      | 31,333,000       |   |  qualified      collateral                                               |
| Federal      Reserve Bank Discount Window Borrower-in-Custody |   | $      |  11,497,000 |   |  Unused      credit line subject to the pledge of indirect auto    loans |
| Total      Unused Borrowing Capacity                          |   | $      | 179,357,000      |   |                                                                          |

| Affiliated      Trusts              |   | Outstanding      Balance |       |   | Rate   |   | First      Call Date |
|-------------------------------------|--------|--------------------------|------------|--------|--------|--------|----------------------|
| NBN      Capital Trust II           |   | $                        | 3,093,000  |   |   |   | 4.27                 | % | March      30, 2009 |
| NBN      Capital Trust III          |   |                     | 3,093,000  |   |   |   | 6.50                 | % | March      30, 2009 |
| NBN      Capital Trust IV           |   |                     | 10,310,000 |   |   |   | 5.88                 | % | February      23, 2010 |
|      Total |   | $                        | 16,496,000 |   |   |   | 5.69                 | % |   |

|   Northeast      Bancorp          |   | Actual |   |   | Required      For Capital Adequacy Purposes |   |   | Required      To Be "Well Capitalized" Under Prompt Corrective Action      Provisions |   |
|---------------------------------------------|--------|--------|--------|--------|---------------------------------------------|--------|--------|---------------------------------------------------------------------------------------|--------|
| (Dollars      in Thousands)                 |   | Amount |   |   | Ratio                                       |   |   | Amount                                                                                |   |   | Ratio |   |   | Amount |   |   | Ratio |   |
| As      of December 31, 2008:               |   |   |   |   |                                        |   |   |                                                                                  |   |   |   |   |   |   |   |   |   |   |
| Total      capital to risk weighted assets  |   | $      | 54,672 |   |                                        |   | 13.01  | %                                                                                     |   | $ | 33,629 |   |   |   | 8.00 | %  |   | $ | 42,037 |   |   |   | 10.00 | %  |
| Tier      1 capital to risk weighted assets |   | $      | 48,916 |   |                                        |   | 11.64  | %                                                                                     |   | $ | 16,815 |   |   |   | 4.00 | %  |   | $ | 25,222 |   |   |   | 6.00 | %  |
| Tier      1 capital to total average assets |   | $      | 48,916 |   |                                        |   | 8.19   | %                                                                                |   | $ | 23,892 |   |   |   | 4.00 | %  |   | $ | 29,864 |   |   |   | 5.00 | %  |

|   Northeast      Bank             |   | Actual |   |   | Required      For Capital Adequacy Purposes |   |   | Required      To Be "Well Capitalized" Under Prompt Corrective Action      Provisions |   |
|---------------------------------------------|--------|--------|--------|--------|---------------------------------------------|--------|--------|---------------------------------------------------------------------------------------|--------|
| (Dollars      in Thousands)                 |   | Amount |   |   | Ratio                                       |   |   | Amount                                                                                |   |   | Ratio |   |   | Amount |   |   | Ratio |   |
| As      of December 31, 2008:               |   |   |   |   |                                        |   |   |                                                                                  |   |   |   |   |   |   |   |   |   |   |
| Total      capital to risk weighted assets  |   | $      | 50,579 |   |                                        |   | 12.10  | %                                                                                |   | $ | 33,434 |   |   |   | 8.00 | %  |   | $ | 41,792 |   |   |   | 10.00 | %  |
| Tier      1 capital to risk weighted assets |   | $      | 45,348 |   |                                        |   | 10.85  | %                                                                                |   | $ | 16,717 |   |   |   | 4.00 | %  |   | $ | 25,075 |   |   |   | 6.00 | %  |
| Tier      1 capital to total average assets |   | $      | 45,348 |   |                                        |   | 7.62   | %                                                                                |   | $ | 23,801 |   |   |   | 4.00 | %  |   | $ | 29,752 |   |   |   | 5.00 | %  |

|                                                             |   |   |        |   | Payments      Due by Period |   |
|------------------------------------------------------------------|--------|--------|-------------|--------|-----------------------------|--------|
|                                                             |   |   |        |   | Less      Than              |   |   |   |   |   |   |   |   | After      5 |   |
| Contractual Obligations                                          |   | Total  |        |   | 1      Year                 |   |   | 1-3      Years |   |   | 4-5      Years |   |   | Years |   |
| FHLB      advances                                               |   | $      | 65,895,000  |   |                        | $      | 27,895,000 |   |   | $ | 8,000,000 |   |   | $ | 15,000,000 |   |   | $ | 15,000,000 |   |
| Structured  repurchase      agreements                 |   |   | 60,000,000  |   |                        |   | 30,000,000 |   |   |   | 20,000,000 |   |   |   | 10,000,000 |   |   |   | - |   |
| FRB      borrower-in-custody account                             |   |   | 15,000,000  |   |                        |   | 15,000,000 |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Junior      subordinated notes                                   |   |   | 16,496,000  |   |                        |   | 6,186,000 |   |   |   | 10,310,000 |   |   |   | - |   |   |   | - |   |
| Capital      lease obligation                                    |   |   | 2,818,912   |   |                        |   | 151,710 |   |   |   | 328,082 |   |   |   | 363,721 |   |   |   | 1,975,399 |   |
| Other      borrowings                                            |   |   | 3,431,432   |   |                        |   | 634,157 |   |   |   | 1,191,914 |   |   |   | 1,161,785 |   |   |   | 443,576 |   |
|      Total      long-term debt          |   |   | 163,641,344 |   |                        |   | 79,866,867 |   |   |   | 39,829,996 |   |   |   | 26,525,506 |   |   |   | 17,418,975 |   |
|                                                             |   |   |        |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating      lease obligations (1)                             |   |   | 1,920,182   |   |                        |   | 461,092 |   |   |   | 780,048 |   |   |   | 445,446 |   |   |   | 233,596 |   |
|      Total      contractual obligations |   | $      | 165,561,526 |   |                        | $      | 80,327,959 |   |   | $ | 40,610,044 |   |   | $ | 26,970,952 |   |   | $ | 17,652,571 |   |

|                                               |   |   |            |   | Amount      of Commitment Expiration - Per Period |
|----------------------------------------------------|--------|--------|-----------------|--------|---------------------------------------------------|
|                                               |   |   |            |   | Less      Than                                    |   |   |   |   |   |   |   |   | After      5 |   |
| Commitments with off-balance sheet      risk       |   | Total  |            |   | 1      Year                                       |   |   | 1-3      Years |   |   | 4-5      Years |   |   | Years |   |
| Commitments      to extend credit (2)(4)           |   | $      | 22,837,217      |   |                                              | $ | 22,837,217 |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |
| Commitments      related to loans held for sale(3) |   |   | 6,733,389       |   |                                              |   | 6,733,389 |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Unused      lines of credit (4)(5)                 |   |   | 42,407,343      |   |                                              |   | 17,625,139 |   |   |   | 3,108,576 |   |   |   | 3,915,691 |   |   |   | 17,757,937 |   |
| Standby      letters of credit (6)                 |   |   |  1,295,799 |   |                                              |   | 1,176,275 |   |   |   | 119,524 |   |   |   | - |   |   |   | - |   |
|                                               |   | $      | 73,273,748      |   |                                              | $ | 48,372,020 |   |   | $ | 3,228,100 |   |   | $ | 3,915,691 |   |   | $ | 17,757,937 |   |

| (1) | Represents      an off-balance sheet obligation.                                                                                                            |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Represents      commitments outstanding for residential real estate, commercial real      estate, and commercial loans.                                     |
| (3) | Commitments      of residential real estate loans that will be held for    sale.                                                                            |
| (4) | Loan      commitments and unused lines of credit for commercial and construction      loans expire or are subject to renewal in twelve months or      less. |
| (5) | Represents      unused lines of credit from commercial, construction, and home equity      loans.                                                           |
| (6) | Standby      letters of credit generally expire in twelve  months.                                                                                          |

| Item      1.    | Legal ProceedingsNone.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    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| Item      1. a. | Risk FactorsThe      following risk factors are in addition to those risk factors set forth in      our Annual Report on Form10-K for the fiscal year ended June 30,      2008. Difficult      Conditions in the Capital Markets and the Economy Generally May Materially      Adversely Affect Our Business and Results of Operations and We Do Not      Expect These Conditions to Improve in the Near Future Our      results of operations are materially affected by conditions in the capital      markets and the economy generally. The capital and credit markets have      been experiencing extreme volatility and disruption for more than twelve      months. The volatility and disruption have reached unprecedented      levels.  In many cases, these markets have produced downward      pressure on stock prices of, and credit availability to, certain companies      without regard to those companies’ underlying financial      strength. Recently,      concerns over inflation, energy costs, geopolitical issues, the      availability and cost of credit, the U.S. mortgage market and a declining      U.S. real estate market have contributed to increased volatility and      diminished expectations for the economy and the capital and credit markets      going forward. These factors, combined with volatile oil prices, declining      business and consumer confidence and increased unemployment, have      precipitated an economic slowdown and induced fears of a possible      recession. In addition, the fixed-income markets are experiencing a period      of extreme volatility which has negatively impacted market liquidity      conditions. Initially, the concerns on the part of market participants      were focused on the subprime segment of the mortgage-backed securities      market. However, these concerns have since expanded to include a broad      range of mortgage-and asset-backed and other fixed income securities,      including those rated investment grade, the U.S. and international credit      and interbank money markets generally, and a wide range of financial      institutions and markets, asset classes and sectors. As a result, the      market for fixed income instruments has experienced decreased liquidity,      increased price volatility, credit downgrade events, and increased      probability of default. Securities that are less liquid are more difficult      to value and may be hard to dispose of. Domestic and international equity      markets have also been experiencing heightened volatility and turmoil,      with issuers (such as our company) that have exposure to the real estate,      mortgage and credit markets particularly affected. These events and the      continuing market upheavals, may have an adverse effect on us, in part      because we have a large investment portfolio and also because we are      dependent upon customer behavior. Our revenues are likely to decline in      such circumstances, and our profit margins could erode. In addition, in      the event of extreme and prolonged market events, such as the global      credit crisis, we could incur significant losses. Even in the absence of a      market downturn, we are exposed to substantial risk of loss due to market      volatility. Factors      such as consumer spending, business investment, government spending, the      volatility and strength of the capital markets, and inflation all affect      the business and economic environment and, ultimately, the amount and      profitability of our business. In an economic downturn characterized by      higher unemployment, lower family income, lower corporate earnings, lower      business investment and lower consumer spending, the demand for our      financial products could be adversely affected.  Adverse changes      in the economy could affect earnings negatively and could have a material      adverse effect on our business, results of operations and financial      condition. The current mortgage crisis has also raised the possibility of      future legislative and regulatory actions in addition to the recent      enactment of the Emergency Economic Stabilization Act of 2008 (the “EESA”)      that could further impact our business. We cannot predict whether or when      such actions may occur, or what impact, if any, such actions could have on      our business, results of operations and financial condition. Recent      Negative Developments In The Financial Industry And The Credit Markets May      Subject Us To Additional Regulation. As      a result of the recent global financial crisis, the potential exists for      new federal or state laws and regulations regarding lending and funding      practices and liquidity standards to be promulgated, and bank regulatory      agencies are expected to be active in responding to concerns and trends      identified in examinations, including the expected issuance of many formal      enforcement orders. Negative developments in the financial industry and      the domestic and international credit markets, and the impact of new      legislation in response to those developments, may negatively impact our      operations by restricting our business operations, including our ability      to originate or sell loans, and adversely impact our financial      performance. Our      Future Growth May Require Us To Raise Additional Capital In The Future,      But That Capital May Not Be Available When It Is Needed. We      are required by regulatory authorities to maintain adequate levels of      capital to support our operations. We anticipate that our current capital      levels will satisfy our regulatory requirements for the foreseeable      future. We may at some point, however, need to raise additional capital to      support our continued growth. Our ability to raise additional capital will      depend, in part, on conditions in the capital markets at that time, which      are outside our control, and our financial performance. Accordingly, we      may be unable to raise additional capital, if and when needed, on terms      acceptable to us, or at all. If we cannot raise additional capital when      needed, our ability to further expand our operations through internal      growth and acquisitions could be materially impaired. In addition, if we      decide to raise additional equity capital, your interest could be      diluted. The      FDIC deposit insurance assessments that we are required to pay may      materially increase in the future, which would have an adverse effect on      our earnings. As      a member institution of the FDIC, we are required to pay quarterly deposit      insurance premium assessments to the FDIC. Due to the recent failure of      several unaffiliated FDIC insurance depository institutions and the      increased deposit account insurance limit, we anticipate that the deposit      insurance premium assessments paid by all banks will increase. If the      deposit insurance premium assessment rate applicable to us increases, our      earnings could be adversely impacted.   |
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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    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| Item      2.(c) | Unregistered Sales of Equity Securities and Use of      ProceedsThe      following table provides information on the purchases made by or on behalf      of the Company of shares of Northeast Bancorp common stock during the      indicated periods.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|            |    Period (1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |  Total      NumberOf      SharesPurchased (2) |   Average      PricePaid per Share | Total      Number of Shares      Purchasedas      Part of PubliclyAnnounced Program | Maximum      Number ofShares      that May Yet bePurchased      UnderThe Program (3) |
|            | Oct.      1 – Oct. 31                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | - | - | - | 58,400 |
|            | Nov      1 – Nov. 30                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | - | - | - |  58,400 |
|            | Dec.      1 – Dec. 31                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | - | - | - |  58,400 |
|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |   |   |
| (1)             | Based      on trade date, not settlement date.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| (2)             | Represents      shares purchased in open-market transactions pursuant to the Company's      2006 Stock Repurchase Plan.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| (3)             | On      December 15, 2006, the Company announced that the Board of Directors of      the Company approved the 2006 Stock Repurchase Plan pursuant to which the      Company is authorized to repurchase in open-market transactions up to      200,000 shares from time to time until the plan expires on December 31,      2009, unless extended.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| Item      3.    | Defaults Upon SeniorSecuritiesNone                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| Item      4.    | Submission of Matters to a Vote of Security      Holders                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|            | SUMMARY OF VOTING AT 11/12/2008 ANNUAL      SHAREHOLDERS' MEETING                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|            | At      the Annual Meeting of Shareholders held in Auburn, Maine on November 12,      2008, the following matters were submitted to a vote of, and approved by,      the Company's shareholders, each such proposal receiving the vote of the      Company's outstanding common shares, as follows:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|            |  Proposal      1 - Election of Directors:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | Votes      For | Votes      Withheld |
|            | Conrad      L. Ayotte                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | 1,815,162 |   43,464 |
|            | James      P. Day                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | 1,814,062 |   44,564 |
|            | James      D. Delamater                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 1,808,597 |   50,029 |
|            | Ronald      J. Goguen                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | 1,712,730 | 145,896 |
|            | Judith      W. Kelly                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | 1,814,862 |        43,764 |
|            | Philip      Jackson                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | 1,809,562 |        49,064 |
|            | Pender      J. Lazenby                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | 1,814,662 |        43,964 |
|            | John      C. Orestis                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | 1,815,162 |        43,464 |
|            | John      Rosmarin                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | 1,815,162 |        43,464 |
|            | John      H. Schiavi                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | 1,814,662 |        43,964 |
|            | Stephen      W. Wight                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | 1,809,137 |        49,489 |
|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| Item      5.    | Other InformationNone.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| Item      6.    | Exhibits                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|            | List      of Exhibits:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|            | Exhibits No.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                             Description |
|            | 3.1                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | Articles      (incorporated by reference to the Company’s June 30, 2007 10K filed on      September 27, 2007) |
|            | 3.2                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | Bylaws      (incorporated by reference to the Company’s June 30, 2007 10K filed on      September 27, 2007) |
|            | 11                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | Statement      Regarding Computation of Per Share Earnings. |
|            | 31.1                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | Certification      of the Chief Executive Officer pursuant to Section 302 of the      Sarbanes-Oxley Act of 2002 (Rule 13a-14(a)). |
|            | 31.2                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | Certification      of the Chief Financial Officer pursuant to Section 302 of the      Sarbanes-Oxley Act of 2002 (Rule 13a-14(a)). |
|            | 32.1                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | Certificate      of the Chief Executive Officer Pursuant to 18 U.S.C. Section      1350,  as Adopted Pursuant to Section 906 of the Sarbanes-Oxley      Act of 2002 (Rule 13a-14(b)). |
|            | 32.2                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | Certificate      of the Chief Financial Officer Pursuant to 18 U.S.C. Section      1350,  as Adopted Pursuant to Section 906 of the Sarbanes-Oxley      Act of 2002 (Rule13a-14(b)). |

| Date:  February      12, 2009 |   | NORTHEAST      BANCORP                                |
|-----------------------------------------|--------|-------------------------------------------------------|
|                                    | By:    | /s/      James D. Delamater                           |
|                                    |   |           James D. Delamater      |
|                                    |   |           President and CEO       |
|                                    |   |                                                  |
|                                    | By:    | /s/      Robert S. Johnson                            |
|                                    |   |           Robert S. Johnson       |
|                                    |   |           Chief Financial Officer |
|                                    |   |                                                  |

| EXHIBIT      NUMBER |                                                                           DESCRIPTION |
|---------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.1                 | Articles      (incorporated by reference to the Company’s June 30, 2007 10K filed on      September 27, 2007)                                                                                                                                                                                                                                                                                                                       |
| 3.2                 | Bylaws      (incorporated by reference to the Company’s June 30, 2007 10K filed on      September 27, 2007)                                                                                                                                                                                                                                                                                                                         |
| 11                  | Statement      Regarding Computation of Per Share Earnings                                                                                                                                                                                                                                                                                                                                                                                |
| 31.1                | Certification      of the Chief Executive Officer pursuant to Section 302 of the      Sarbanes-Oxley Act of 2002 (Rule 13a-14(a)).                                                                                                                                                                                                                                                                                                        |
| 31.2                | Certification      of the Chief Financial Officer pursuant to Section 302 of the      Sarbanes-Oxley Act of 2002 (Rule 13a-14(a)).                                                                                                                                                                                                                                                                                                        |
| 32.1                | Certificate      of the Chief Executive Pursuant to 18 U.S.C. Section 1350,  as      Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Rule      13a-14(b)).                                                                                                                                                                                                                                                   |
| 32.2                | Certificate      of the Chief Financial Officer Pursuant to 18 U.S.C. Section      1350,  as Adopted Pursuant to Section 906 of the Sarbanes-Oxley      Act of 2002 (Rule 13a-14(b)).                                                                                                                                                                                                                                           |