FOR
      IMMEDIATE RELEASE
                
                
                For
      More Information:
              LogoJim
      Delamater, President & CEO
                Northeast Bank,500 Canal Street,Lewiston,ME04240
                www.northeastbank.com
              1-800-284-5989
      ext. 3569
                jdelamater@northeastbank.com
  Northeast
Bancorp Announces Year to Date Earnings and Declares Dividend
  Lewiston,
MAINE (April 20, 2009) -
Northeast Bancorp (NASDAQ: NBN), the parent company of Northeast Bank
(www.northeastbank.com), reported net income for the quarter ended March 31,
2009 of $387,370, or $.14 per diluted share, an increase of $93,795, or 32%,
over the linked quarter ended December 31, 2008 and a decrease of $284,799, or
42%, over the quarter ended March 31, 2008.
   Excluding
the amortization of customer lists and other intangibles recorded in connection
with the acquisitions of insurance agencies, earnings per diluted share were
$0.22 for the quarter ended March 31, 2009 and $0.34 for the quarter ended March
31, 2008. On the same basis, for the nine months ended March 31, 2009 and 2008,
earnings per diluted share were $0.48 and $0.75, respectively. These diluted
earnings per share amounts reflect the cash flow contributed by the Company’s
insurance agency operations for the quarter and nine-month periods without
related non-cash charges. See
footnote at the end of this release under the heading "Supplemental Reporting of
Non-GAAP-Based Financial Measures."
   Jim
Delamater, President and CEO said, “With the volatility in the markets, I’m
pleased to see our quarter-over-quarter earnings starting to trendupward. Our solid growth
in noninterest income, specifically from our insurance and mortgage brokerage
divisions, provides evidence of the value of our staying the course with our
business plan; delivering a diverse mix of financial products and services. Even
though net income levels under current accounting standards continue to reflect
the non-cash amortization of intangibles, the result of our acquisition of
additional insurance agencies, overall revenue growth remains strong with over
40% of our revenue derived from noninterest sources.”
   Results
for the nine months ended March 31, 2009 were $750,060, or $0.29 per diluted
share, compared to net income for the nine months ended March 30, 2008 of
$1,505,162, or $0.63 per diluted share. Revenues from operations (net interest
income plus noninterest income) continued to grow, as evidenced by an increase
of approximately $2.2 million for the nine months ended March 31, 2009 compared
to the prior period. In addition, revenues from fee-based services, such as
insurance and mortgage brokerage, continued to grow for that same period, with
an increase of 4% over the prior period. The quarterly revenues were impacted by
lower contingent bonuses paid by insurance carriers, which accounts for the
lower insurance agency income for the quarter ended March 31, 2009 compared to
the quarter ended March 31, 2008.
   Additional
third quarter highlights included an increase in core deposits of $10.6 million,
a 3% increase over the level at March 31, 2008, improving the Company’s overall
liquidity and cost of funds.
  Net
interest income increased 24% for the quarter ended March 31, 2009 compared to
the quarter ended March 31, 2008 and 18% for the nine months ended March 31,
2009 compared to the nine months ended March 31, 2008.  Net interest
income increased primarily from an improved net interest margin, which increased
47 basis points and 31 basis points, respectively, for the three and nine-month
periods. This increase in net interest margin was attributable primarily to a
decrease in cost of funds. Leveraging the balance sheet with investment
securities increased earning assets some $29 million, which also contributed to
increasing net interest income.
  The
Company reported that the decrease in net income in comparison to the same
periods during the previous fiscal year resulted from a number
of  factors, including  increases in the provision for loan
losses in order to increase the allowance for loan losses to a level deemed
adequate to reflect the level of risk in the loan portfolio in light
of  the current economic conditions, including the increase in
unemployment levels, and a reduction in investment brokerage income as the
market continued to experience unprecedented fluctuations and
corrections.
  “Maintaining
the integrity of our balance sheet is one of our top priorities,” Delamater
said. “We are taking the necessary precautions with our investment and credit
portfolios, maintaining adequate loan-loss reserves and keeping our pricing
strategies in line with the appropriate level of risk,
respectively.”
  Compared
to the levels at December 31, 2008, the balances of delinquent loans and
non-performing loans and assets increased during the quarter ended March 31,
2009. As a result of charge-offs during the quarter that were approximately
equal to the provision for loan losses of approximately $618,000, the balance of
the allowance for loan losses was essentially
unchanged at  March 31, 2009 in comparison to the balance at
December 31, 2008. The allowance represented 1.42% of total loans at March 31,
2009 compared to 1.41% of total loans at March 31, 2008. Management
believes that the allowance for loan losses balance of $5.7 million at March 31,
2009 is sufficient to cover losses inherent in the loan portfolio on that date
and is appropriate based on applicable accounting standards.
  In
addition to announcing earnings, the company declared the payment of its regular
quarterly dividend of $0.09 per share, payable on May 22, 2009 to the
shareholders of record as of May 1, 2009. The Company has paid a dividend every
quarter since going public in 1987.
  “The bank
is very healthy. We believe that we are positioned for resurgence in earnings
per share,” reflected Delamater. “We recognize that our short-term earnings are
impacted by both the market in terms of credit quality and net interest margin,
as well as our noncash expenses related to our decisions to
expand.  Even so, our eye is on the future, and we will continue to
invest in our infrastructure to deliver a diverse array of products and services
to our marketplace and to introduce new products and services that set Northeast
Bank apart.”
  About
Northeast Bancorp
  Northeast
Bancorp (NASDAQ: NBN) is the holding company for Northeast Bank, a leader in
delivering one-stop shopping for financial services. Headquartered in Lewiston,
Maine, Northeast Bank, together with its wholly owned subsidiary Northeast Bank
Insurance Group, Inc. derives its income from a combination of traditional
banking services and non-traditional financial products and services including
insurance and investments. Northeast Bank operates eleven traditional bank
branches, fourteen insurance offices, three investment centers and a loan
production office that serve seven counties in Maine and two in New
Hampshire. Information regarding Northeast Bank can be found on its website at
www.northeastbank.com
or by contacting 1-800-284-5989.
  ---------------------------------------------------------------------------------------------------------------------
  This
communication contains certain “forward-looking statements”.  Although
the Company believes that these forward-looking statements are based on
reasonable estimates and assumptions, they are not guarantees of future
performance and are subject to known and unknown risks, uncertainties, and other
factors.  These statements speak only as of the date of this release
and we do not undertake any obligation to update or revise any of these
forward-looking statements to reflect events or circumstances occurring after
the date of this communication or to reflect the occurrence of unanticipated
events.  For a more complete discussion of certain risks and
uncertainties affecting the Company, please see "Item 1.
Business-Forward-Looking Statements and Risk Factors" set forth in the Company's
Form 10-K for the year ended June 30, 2008.
  Customer
access to securities is provided through Commonwealth Financial Network, Member
NASD/SIPC. Important
information--Securities, annuities, and insurance products are not
deposit products, not FDIC insured, are subject to investment risk, including
the possible loss of principal, and are not an obligation of or guaranteed by
the Bank.
  
 Supplemental
Reporting of Non-GAAP-based Financial Measures
  This
press release contains certain financial information determined by methods other
than in accordance with GAAP. Northeast’s management uses these non-GAAP
measures in its analysis of the Company's performance. The presentation of these
non-GAAP financial measures is intended to supplement investors' understanding
of Northeast’s core business activities. These non-GAAP disclosures should not
be viewed as a substitute for operating results determined in accordance with
GAAP, nor are they necessarily comparable to non-GAAP performance measures which
may be presented by other companies.
  
 Earnings
per share excluding amortization of customer list and intangibles is a
non-GAAP-based financial measure calculated using non-GAAP-based amounts. The
most directly comparable measure is earnings per share which is calculated using
GAAP-based amounts. We calculate earnings per share excluding amortization of
customer list and intangibles by excluding the amortization expense for the
amortization of customer list and other intangibles recorded in connection with
the acquisitions of insurance agencies from our calculation of earnings per
share. Management uses earnings per share excluding amortization of customer
list and intangibles in order to review our core operating results. Management
believes that this is a better measure of our performance. A reconciliation of
earnings per share to earnings per share excluding amortization of customer list
and intangibles is set forth below.
 
  Three
      Months Ended
                
                
                Nine
      Months EndedMarch
      31,
                
                
                March
      31,2009
                
                
                2008
                
                
                2009
                
                
                2008Earnings
      excluding intangible amortizationNet
      Income
                
                $
                387
                
                
                $
                672
                
                
                $
                750
                
                
                $
                1,505Add
      back intangible amortization expense, net of tax
                
                
                118
                
                
                
                120
                
                
                
                369
                
                
                
                283Adjusted
      net income
                
                $
                505
                
                
                $
                782
                
                
                $
                1,119
                
                
                $
                1,788Adjusted
      basic earnings per common share
                
                $
                0.22
                
                
                $
                0.34
                
                
                $
                0.48
                
                
                $
                0.76Adjusted
      diluted earnings per common share
                
                $
                0.22
                
                
                $
                0.34
                
                
                $
                0.48
                
                
                $
                0.75


NORTHEAST
      BANCORP(Dollars
      in Thousands, Except Per Share and Shares Outstanding
  Data)(Unaudited)Three
      Months Ended
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            Nine
      Months EndedMarch
      31,
                                                                                                                            
                                                                                                                            
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            March
      31,
                                                                                                                            
                                                                                                                            
                                                                                                                            %2009
                                                                                                                            
                                                                                                                            
                                                                                                                            2008
                                                                                                                            
                                                                                                                            
                                                                                                                            Change
                                                                                                                            
                                                                                                                            2009
                                                                                                                            
                                                                                                                            
                                                                                                                            2008
                                                                                                                            
                                                                                                                            
                                                                                                                            ChangeSelected
      financial informationIncome
      statement data:Interest
      income
                                                                                                                            
                                                                                                                            $
                                                                                                                            8,337
                                                                                                                            
                                                                                                                            
                                                                                                                            $
                                                                                                                            8,796
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            -5
                                                                                                                            %
                                                                                                                            
                                                                                                                            $
                                                                                                                            25,584
                                                                                                                            
                                                                                                                            
                                                                                                                            $
                                                                                                                            26,825
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            -5
                                                                                                                            %Interest
      expense
                                                                                                                            
                                                                                                                            
                                                                                                                            4,105
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            5,393
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            -24
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            13,085
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            16,260
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            -20
                                                                                                                            %Net
      interest income
                                                                                                                            
                                                                                                                            
                                                                                                                            4,232
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            3,403
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            24
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            12,499
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            10,565
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            18
                                                                                                                            %Provision
      for loan losses
                                                                                                                            
                                                                                                                            
                                                                                                                            618
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            288
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            115
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            1,643
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            658
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            150
                                                                                                                            %Net
      interest income afterprovision for loan losses
                                                                                                                            
                                                                                                                            
                                                                                                                            3,614
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            3,115
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            16
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            10,856
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            9,907
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            10
                                                                                                                            %Gain
      on sale of loans
                                                                                                                            
                                                                                                                            
                                                                                                                            641
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            122
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            425
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            864
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            396
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            118
                                                                                                                            %Gain
      (loss) on securities
                                                                                                                            
                                                                                                                            
                                                                                                                            -
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            267
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            -100
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            (82
                                                                                                                            )
                                                                                                                            
                                                                                                                            
                                                                                                                            259
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            -132
                                                                                                                            %Investment
      brokerage income
                                                                                                                            
                                                                                                                            
                                                                                                                            247
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            680
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            -64
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            1,275
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            1,665
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            -23
                                                                                                                            %Insurance
      agency income
                                                                                                                            
                                                                                                                            
                                                                                                                            1,524
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            1,989
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            -23
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            4,472
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            3,954
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            13
                                                                                                                            %Other
      noninterest income
                                                                                                                            
                                                                                                                            
                                                                                                                            618
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            583
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            6
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            1,814
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            1,753
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            3
                                                                                                                            %Noninterest
      Income
                                                                                                                            
                                                                                                                            
                                                                                                                            3,030
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            3,641
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            -17
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            8,343
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            8,027
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            4
                                                                                                                            %Noninterest
      expense
                                                                                                                            
                                                                                                                            
                                                                                                                            6,170
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            5,847
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            6
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            18,400
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            15,969
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            15
                                                                                                                            %Operating
      (loss) income before income tax
                                                                                                                            
                                                                                                                            
                                                                                                                            474
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            909
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            -48
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            799
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            1,965
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            -59
                                                                                                                            %Income
      tax (benefit) expense
                                                                                                                            
                                                                                                                            
                                                                                                                            87
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            237
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            -63
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            49
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            460
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            -89
                                                                                                                            %Net
      income
                                                                                                                            
                                                                                                                            $
                                                                                                                            387
                                                                                                                            
                                                                                                                            
                                                                                                                            $
                                                                                                                            672
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            -42
                                                                                                                            %
                                                                                                                            
                                                                                                                            $
                                                                                                                            750
                                                                                                                            
                                                                                                                            
                                                                                                                            $
                                                                                                                            1,505
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            -50
                                                                                                                            %Per
      share data:Basic
      earning per common share
                                                                                                                            
                                                                                                                            $
                                                                                                                            0.14
                                                                                                                            
                                                                                                                            
                                                                                                                            $
                                                                                                                            0.29
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            -52
                                                                                                                            %
                                                                                                                            
                                                                                                                            $
                                                                                                                            0.29
                                                                                                                            
                                                                                                                            
                                                                                                                            $
                                                                                                                            0.64
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            -55
                                                                                                                            %Diluted
      earnings per common share
                                                                                                                            
                                                                                                                            $
                                                                                                                            0.14
                                                                                                                            
                                                                                                                            
                                                                                                                            $
                                                                                                                            0.29
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            -52
                                                                                                                            %
                                                                                                                            
                                                                                                                            $
                                                                                                                            0.29
                                                                                                                            
                                                                                                                            
                                                                                                                            $
                                                                                                                            0.63
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            -54
                                                                                                                            %Weighted
      average shares outstanding:Basic
                                                                                                                            
                                                                                                                            
                                                                                                                            2,321,332
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            2,320,951
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            0
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            2,319,332
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            2,364,828
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            -2
                                                                                                                            %Diluted
                                                                                                                            
                                                                                                                            
                                                                                                                            2,321,332
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            2,333,212
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            -1
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            2,329,527
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            2,380,412
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            -2
                                                                                                                            %Book
      value per share
                                                                                                                            
                                                                                                                            $
                                                                                                                            19.00
                                                                                                                            
                                                                                                                            
                                                                                                                            $
                                                                                                                            18.54
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            $
                                                                                                                            19.00
                                                                                                                            
                                                                                                                            
                                                                                                                            $
                                                                                                                            18.54Tangible
      book value per share
                                                                                                                            
                                                                                                                            $
                                                                                                                            13.71
                                                                                                                            
                                                                                                                            
                                                                                                                            $
                                                                                                                            12.88
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            $
                                                                                                                            13.71
                                                                                                                            
                                                                                                                            
                                                                                                                            $
                                                                                                                            12.88Net
      interest margin
                                                                                                                            
                                                                                                                            
                                                                                                                            3.02
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            2.55
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            2.97
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            2.66
                                                                                                                            %Net
      interest spread
                                                                                                                            
                                                                                                                            
                                                                                                                            2.70
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            2.23
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            2.74
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            2.36
                                                                                                                            %Return
      on average assets (annualized)
                                                                                                                            
                                                                                                                            
                                                                                                                            0.26
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            0.46
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            0.16
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            0.35
                                                                                                                            %Return
      on equity (annualized)
                                                                                                                            
                                                                                                                            
                                                                                                                            3.27
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            6.45
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            2.30
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            4.83
                                                                                                                            %Tier
      I leverage ratio (Bank)
                                                                                                                            
                                                                                                                            
                                                                                                                            7.70
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            6.98
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            7.70
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            6.98
                                                                                                                            %Tier
      I risk-based capital ratio (Bank)
                                                                                                                            
                                                                                                                            
                                                                                                                            11.23
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            9.67
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            11.23
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            9.67
                                                                                                                            %Total
      risk-based capital ratio (Bank)
                                                                                                                            
                                                                                                                            
                                                                                                                            12.48
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            10.92
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            12.48
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            10.92
                                                                                                                            %Efficiency
      ratio
                                                                                                                            
                                                                                                                            
                                                                                                                            85
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            83
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            88
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            86
                                                                                                                            %Nonperforming
      loans
                                                                                                                            
                                                                                                                            
                                                                                                                            8,677
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            7,614
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            8,677
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            7,614Total
      nonperforming assets
                                                                                                                            
                                                                                                                            
                                                                                                                            9,463
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            7,614
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            9,463
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            7,614Nonperforming
      loans as a % of total loans
                                                                                                                            
                                                                                                                            
                                                                                                                            2.17
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            1.87
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            2.17
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            1.87
                                                                                                                            %Nonperforming
      assets as a % of total assets
                                                                                                                            
                                                                                                                            
                                                                                                                            1.56
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            1.30
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            1.56
                                                                                                                            %
                                                                                                                            
                                                                                                                            
                                                                                                                            1.30
                                                                                                                            %March
      31,
                                                                                                                            
                                                                                                                            
                                                                                                                            %2009
                                                                                                                            
                                                                                                                            
                                                                                                                            2008
                                                                                                                            
                                                                                                                            
                                                                                                                            ChangeBalance
      sheet highlights:Available-for-sale
      securities, at fair value
                                                                                                                            
                                                                                                                            $
                                                                                                                            159,942
                                                                                                                            
                                                                                                                            
                                                                                                                            $
                                                                                                                            128,458
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            25
                                                                                                                            %Loans
      held for sale
                                                                                                                            
                                                                                                                            
                                                                                                                            334
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            1,203
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            -72
                                                                                                                            %Loans
                                                                                                                            
                                                                                                                            
                                                                                                                            399,302
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            407,925
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            -2
                                                                                                                            %Allowance
      for loan losses
                                                                                                                            
                                                                                                                            
                                                                                                                            5,678
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            5,756
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            -1
                                                                                                                            %Goodwill
      & intangibles
                                                                                                                            
                                                                                                                            
                                                                                                                            12,270
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            13,115
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            -6
                                                                                                                            %Total
      assets
                                                                                                                            
                                                                                                                            
                                                                                                                            607,201
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            586,426
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            4
                                                                                                                            %Deposits:NOW
      and money market
                                                                                                                            
                                                                                                                            
                                                                                                                            77,946
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            68,038
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            15
                                                                                                                            %Savings
                                                                                                                            
                                                                                                                            
                                                                                                                            19,626
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            19,464
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            1
                                                                                                                            %Certificates
      of deposits
                                                                                                                            
                                                                                                                            
                                                                                                                            230,671
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            229,138
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            1
                                                                                                                            %Brokered
      time deposits
                                                                                                                            
                                                                                                                            
                                                                                                                            11,295
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            13,471
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            -16
                                                                                                                            %Noninterest-bearing
      deposits
                                                                                                                            
                                                                                                                            
                                                                                                                            30,113
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            31,155
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            -3
                                                                                                                            %Total
      deposits
                                                                                                                            
                                                                                                                            
                                                                                                                            369,651
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            361,266
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            2
                                                                                                                            %Borrowings
                                                                                                                            
                                                                                                                            
                                                                                                                            186,319
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            179,254
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            4
                                                                                                                            %Shareholders'
      equity
                                                                                                                            
                                                                                                                            
                                                                                                                            48,314
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            42,926
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            13
                                                                                                                            %Shares
      outstanding
                                                                                                                            
                                                                                                                            
                                                                                                                            2,321,332
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            2,315,182
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            0
                                                                                                                            %