| For      the quarterly period ended | March 31,2009 |
|-------------------------------------|---------------|

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

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

| Part      I.  | Financial      Information |
|---------------|----------------------------|
|          | Item      1.               | Consolidated      Financial Statements |
|          |                       |   |
|          |                       | Consolidated      Balance SheetsMarch      31, 2009 (Unaudited) and June 30, 2008 |
|          |                       |   |
|          |                       | Consolidated      Statements of Income (Unaudited)Three      Months Ended March 31, 2009 and 2008 |
|          |                       |   |
|          |                       | Consolidated      Statements of Income (Unaudited)Nine      Months Ended March 31, 2009 and 2008 |
|          |                       |   |
|          |                       | Consolidated      Statements of Changes in Stockholders' Equity (Unaudited)Nine      Months Ended March 31, 2009 and 2008 |
|          |                       |   |
|          |                       | Consolidated      Statements of Cash Flows (Unaudited)Nine      Months Ended March 31, 2009 and 2008 |
|          |                       |   |
|          |                       | Notes      to Consolidated Financial Statements (Unaudited) |
|          |                       |   |
|          | Item      2.               | Management's      Discussion and Analysis of Results of Operations and Financial      Condition |
|          |                       |   |
|          | Item      3.               | Quantitative      and Qualitative Disclosure about Market Risk |
|          |                       |   |
|          | Item      4.               | Controls      and Procedures |
|          |                       |
| Part      II. | Other      Information     |
|          |                       |   |
|          | Item      1.               | Legal      Proceedings |
|          |                       |   |
|          | Item      1.a.             | Risk      Factors |
|          |                       |   |
|          | Item      2.               | Unregistered      Sales of Equity Securities and Use of Proceeds |
|          |                       |   |
|          | Item      3.               | Defaults      Upon Senior Securities |
|          |                       |   |
|          | Item      4.               | Submission      of Matters to a Vote of Security Holders |
|          |                       |   |
|          | Item      5.               | Other      Information |
|          |                       |   |
|          | Item      6.               | Exhibits |

| PART      1 - FINANCIAL INFORMATION                                                                              |   |
|------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                             |   |   |   |   |   |   |
| Item      1.  Financial Statements                                                                     |   |   |   |   |   |   |
|                                                                                                             |   |   |   |   |   |   |
| NORTHEAST      BANCORP AND SUBSIDIARY                                                                            |   |
| Consolidated      Balance Sheets                                                                                 |   |
|                                                                                                             |   |   |   |   |   |   |
|                                                                                                             |   | March      31, |   |   | June      30, |   |
|                                                                                                             |   | 2009 |   |   | 2008 |   |
|                                                                                                             |   | (Unaudited) |   |   | (Audited) |   |
| Assets                                                                                                           |   |   |   |   |   |   |
| Cash      and due from banks                                                                                     |   | $ | 5,201,461 |   |   | $ | 9,077,012 |   |
| Interest-bearing      deposits                                                                                   |   |   | 2,068,983 |   |   |   | 3,466,969 |   |
| Total      cash and cash equivalents                                                                             |   |   | 7,270,444 |   |   |   | 12,543,981 |   |
|                                                                                                             |   |   |   |   |   |   |   |   |
| Available-for-sale      securities, at fair value                                                                |   |   | 159,941,883 |   |   |   | 134,482,977 |   |
| Loans      held-for-sale                                                                                         |   |   | 333,815 |   |   |   | 485,580 |   |
|                                                                                                             |   |   |   |   |   |   |   |   |
| Loans      receivable                                                                                            |   |   | 399,301,799 |   |   |   | 409,193,969 |   |
| Less      allowance for loan losses                                                                              |   |   | 5,678,000 |   |   |   | 5,656,000 |   |
| Net      loans                                                                                                   |   |   | 393,623,799 |   |   |   | 403,537,969 |   |
|                                                                                                             |   |   |   |   |   |   |   |   |
| Premises      and equipment, net                                                                                 |   |   | 8,844,696 |   |   |   | 8,683,569 |   |
| Acquired      assets, net                                                                                        |   |   | 786,281 |   |   |   | 678,350 |   |
| Accrued      interest receivable                                                                                 |   |   | 2,297,684 |   |   |   | 2,291,314 |   |
| Federal      Home Loan Bank stock, at cost                                                                       |   |   | 4,889,400 |   |   |   | 4,889,400 |   |
| Federal      Reserve Bank stock, at cost                                                                         |   |   | 596,750 |   |   |   | 471,500 |   |
| Goodwill                                                                                                         |   |   | 4,390,340 |   |   |   | 4,390,340 |   |
| Intangible      assets, net of accumulated amortization of $2,206,761 at 03/31/09 and      $1,642,140 at 6/30/08 |   |   | 7,879,803 |   |   |   | 8,444,424 |   |
| Bank      owned life insurance                                                                                   |   |   | 12,660,150 |   |   |   | 12,292,216 |   |
| Other      assets                                                                                                |   |   | 3,686,187 |   |   |   | 5,082,030 |   |
| Total      assets                                                                                                |   | $ | 607,201,232 |   |   | $ | 598,273,650 |   |
|                                                                                                             |   |   |   |   |   |   |   |   |
|                                                                                                             |   |   |   |   |   |   |   |   |
| Liabilities      and Stockholders' Equity                                                                        |   |   |   |   |   |   |   |   |
| Liabilities:                                                                                                     |   |   |   |   |   |   |   |   |
| Deposits                                                                                                         |   |   |   |   |   |   |   |   |
| Demand                                                                                                           |   | $ | 30,113,333 |   |   | $ | 35,142,661 |   |
| NOW                                                                                                              |   |   | 43,255,956 |   |   |   | 47,977,659 |   |
| Money      market                                                                                                |   |   | 34,689,720 |   |   |   | 22,160,816 |   |
| Regular      savings                                                                                             |   |   | 19,626,520 |   |   |   | 19,905,507 |   |
| Brokered      time deposits                                                                                      |   |   | 11,294,619 |   |   |   | 12,596,615 |   |
| Certificates      of deposit                                                                                     |   |   | 230,670,639 |   |   |   | 225,590,513 |   |
| Total      deposits                                                                                              |   |   | 369,650,787 |   |   |   | 363,373,771 |   |
|                                                                                                             |   |   |   |   |   |   |   |   |
| Federal      Home Loan Bank advances                                                                             |   |   | 50,325,000 |   |   |   | 90,575,000 |   |
| Structured      repurchase agreements                                                                            |   |   | 65,000,000 |   |   |   | 40,000,000 |   |
| FRB      borrower-in-custody account                                                                             |   |   | 15,000,000 |   |   |   | - |   |
| Short-term      borrowings                                                                                       |   |   | 33,286,109 |   |   |   | 32,840,837 |   |
| Junior      subordinated debentures issued to affiliated trusts                                                  |   |   | 16,496,000 |   |   |   | 16,496,000 |   |
| Capital      lease obligation                                                                                    |   |   | 2,780,961 |   |   |   | 2,891,022 |   |
| Other      borrowings                                                                                            |   |   | 3,431,432 |   |   |   | 4,026,885 |   |
| Due      to broker                                                                                               |   |   | - |   |   |   | 4,934,931 |   |
| Other      liabilities                                                                                           |   |   | 2,916,945 |   |   |   | 2,861,892 |   |
| Total      liabilities                                                                                           |   |   | 558,887,234 |   |   |   | 558,000,338 |   |
|                                                                                                             |   |   |   |   |   |   |   |   |
| Commitments      and contingent liabilities                                                                      |   |   |   |   |   |   |   |   |
|                                                                                                             |   |   |   |   |   |   |   |   |
| Stockholders'      equity                                                                                        |   |   |   |   |   |   |   |   |
| Preferred      stock, $1.00 par value, 1,000,000 shares authorized; 4,227 and 0 shares      outstanding          |   |   |   |   |   |   |   |   |
| at      March 31, 2009 and June 30, 2008, respectively; liquidation preference of      $1,000 per share          |   |   | 4,227 |   |   |   | - |   |
| Common      stock, at stated value, 15,000,000 shares authorized; 2,321,332      and                             |   |   |   |   |   |   |   |   |
| 2,315,182      shares outstanding at March 31, 2009 and June 30, 2008,      respectively                         |   |   | 2,321,332 |   |   |   | 2,315,182 |   |
| Warrants                                                                                                         |   |   | 133,468 |   |   |   | - |   |
| Additional      paid-in capital                                                                                  |   |   | 6,701,133 |   |   |   | 2,582,270 |   |
| Retained      earnings                                                                                           |   |   | 36,758,268 |   |   |   | 36,679,932 |   |
| Accumulated      other comprehensive income(loss)                                                                |   |   | 2,395,570 |   |   |   | (1,304,072 | ) |
| Total      stockholders' equity                                                                                  |   |   | 48,313,998 |   |   |   | 40,273,312 |   |
| Total      liabilities and stockholders' equity                                                                  |   | $ | 607,201,232 |   |   | $ | 598,273,650 |   |

| NORTHEAST      BANCORP AND SUBSIDIARY                                                              |   |
|----------------------------------------------------------------------------------------------------|--------|
| Consolidated      Statements of Income                                                             |   |
| (Unaudited)                                                                                        |   |
|                                                                                               |   |   |   |   |   |   |
|                                                                                               |   | Three      Months Ended |   |
|                                                                                               |   | March      31, |   |
|                                                                                               |   | 2009 |   |   | 2008 |   |
| Interest      and dividend income:                                                                 |   |   |   |   |   |   |
| Interest      on loans                                                                             |   | $ | 6,292,794 |   |   | $ | 7,145,886 |   |
| Interest      on Federal Home Loan Bank overnight deposits                                         |   |   | - |   |   |   | 534 |   |
| Taxable      interest on available-for-sale securities                                             |   |   | 1,882,848 |   |   |   | 1,416,127 |   |
| Tax-exempt      interest on available-for-sale securities                                          |   |   | 112,601 |   |   |   | 112,590 |   |
| Dividends      on available-for-sale securities                                                    |   |   | 25,233 |   |   |   | 26,353 |   |
| Dividends      on Federal Home Loan Bank  and Federal Reserve      Bank  stock |   |   | 5,186 |   |   |   | 80,060 |   |
| Other      interest and dividend income                                                            |   |   | 17,277 |   |   |   | 14,279 |   |
| Total      interest and dividend income                                                            |   |   | 8,335,939 |   |   |   | 8,795,829 |   |
|                                                                                               |   |   |   |   |   |   |   |   |
| Interest      expense:                                                                             |   |   |   |   |   |   |   |   |
| Deposits                                                                                           |   |   | 2,238,626 |   |   |   | 3,355,439 |   |
| Federal      Home Loan Bank advances                                                               |   |   | 615,028 |   |   |   | 918,696 |   |
| Structured      repurchase agreements                                                              |   |   | 758,378 |   |   |   | 474,511 |   |
| Short-term      borrowings                                                                         |   |   | 146,054 |   |   |   | 264,690 |   |
| Junior      subordinated debentures issued to affiliated trusts                                    |   |   | 234,817 |   |   |   | 267,723 |   |
| FRB      Borrower-in-Custody                                                                       |   |   | 18,493 |   |   |   | 130 |   |
| Obligation      under capital lease agreements                                                     |   |   | 37,835 |   |   |   | 32,248 |   |
| Other      borrowings                                                                              |   |   | 55,761 |   |   |   | 79,722 |   |
| Total      interest expense                                                                        |   |   | 4,104,992 |   |   |   | 5,393,159 |   |
|                                                                                               |   |   |   |   |   |   |   |   |
| Net      interest and dividend income before provision for loan    losses                          |   |   | 4,230,947 |   |   |   | 3,402,670 |   |
|                                                                                               |   |   |   |   |   |   |   |   |
| Provision      for loan losses                                                                     |   |   | 618,536 |   |   |   | 287,625 |   |
| Net      interest and dividend income after provision for loan    losses                           |   |   | 3,612,411 |   |   |   | 3,115,045 |   |
|                                                                                               |   |   |   |   |   |   |   |   |
| Noninterest      income:                                                                           |   |   |   |   |   |   |   |   |
| Fees      for other services to customers                                                          |   |   | 236,970 |   |   |   | 254,929 |   |
| Net      securities gains                                                                          |   |   | - |   |   |   | 267,147 |   |
| Gain      on sales of loans                                                                        |   |   | 641,286 |   |   |   | 121,557 |   |
| Investment      commissions                                                                        |   |   | 246,835 |   |   |   | 680,366 |   |
| Insurance      commissions                                                                         |   |   | 1,524,130 |   |   |   | 1,988,620 |   |
| BOLI      income                                                                                   |   |   | 122,277 |   |   |   | 118,949 |   |
| Other  income                                                                            |   |   | 260,185 |   |   |   | 209,265 |   |
| Total      noninterest income                                                                      |   |   | 3,031,683 |   |   |   | 3,640,833 |   |
|                                                                                               |   |   |   |   |   |   |   |   |
| Noninterest      expense:                                                                          |   |   |   |   |   |   |   |   |
| Salaries      and employee benefits                                                                |   |   | 3,582,914 |   |   |   | 3,510,876 |   |
| Occupancy      expense                                                                             |   |   | 511,048 |   |   |   | 533,685 |   |
| Equipment      expense                                                                             |   |   | 385,916 |   |   |   | 373,439 |   |
| Intangible      assets amortization                                                                |   |   | 181,351 |   |   |   | 184,026 |   |
| Other                                                                                              |   |   | 1,508,697 |   |   |   | 1,244,342 |   |
|   Total      noninterest expense                                                         |   |   | 6,169,926 |   |   |   | 5,846,368 |   |
|                                                                                               |   |   |   |   |   |   |   |   |
| Income      before income tax expense                                                              |   |   | 474,168 |   |   |   | 909,510 |   |
| Income      tax expense                                                                            |   |   | 86,798 |   |   |   | 237,341 |   |
|                                                                                               |   |   |   |   |   |   |   |   |
| Net      income                                                                                    |   | $ | 387,370 |   |   | $ | 672,169 |   |
|                                                                                               |   |   |   |   |   |   |   |   |
|                                                                                               |   |   |   |   |   |   |   |   |
| Earnings      per common share:                                                                    |   |   |   |   |   |   |   |   |
|  Basic                                                                                        |   | $ | 0.14 |   |   | $ | 0.29 |   |
|  Diluted                                                                                      |   | $ | 0.14 |   |   | $ | 0.29 |   |
|                                                                                               |   |   |   |   |   |   |   |   |
| Net      interest margin (tax equivalent basis)                                                    |   |   | 3.02 | % |   |   | 2.55 | % |
| Net      interest spread (tax equivalent basis)                                                    |   |   | 2.70 | % |   |   | 2.23 | % |
| Return      on average assets (annualized)                                                         |   |   | 0.26 | % |   |   | 0.46 | % |
| Return      on average equity (annualized)                                                         |   |   | 3.27 | % |   |   | 6.45 | % |
| Efficiency      ratio                                                                              |   |   | 85 | % |   |   | 83 | % |

| NORTHEAST      BANCORP AND SUBSIDIARY                                     |   |
|---------------------------------------------------------------------------|--------|
| Consolidated      Statements of Income                                    |   |
| (Unaudited)                                                               |   |
|                                                                      |   |   |   |   |   |   |
|                                                                      |   | Nine      Months Ended |   |
|                                                                      |   | March      31, |   |
|                                                                      |   | 2009 |   |   | 2008 |   |
| Interest      and dividend income:                                        |   |   |   |   |   |   |
| Interest      on loans                                                    |   | $ | 19,709,828 |   |   | $ | 22,457,524 |   |
| Interest      on Federal Home Loan Bank overnight deposits                |   |   | 244 |   |   |   | 36,012 |   |
| Taxable      interest on available-for-sale securities                    |   |   | 5,336,306 |   |   |   | 3,595,821 |   |
| Tax-exempt      interest on available-for-sale securities                 |   |   | 339,727 |   |   |   | 336,321 |   |
| Dividends      on available-for-sale securities                           |   |   | 60,481 |   |   |   | 92,998 |   |
| Dividends      on Federal Home Loan Bank and Federal Reserve Bank stock   |   |   | 87,135 |   |   |   | 251,470 |   |
| Other      interest and dividend income                                   |   |   | 49,881 |   |   |   | 55,221 |   |
| Total      interest and dividend income                                   |   |   | 25,583,602 |   |   |   | 26,825,367 |   |
|                                                                      |   |   |   |   |   |   |   |   |
| Interest      expense:                                                    |   |   |   |   |   |   |   |   |
| Deposits                                                                  |   |   | 7,152,320 |   |   |   | 10,182,732 |   |
| Federal      Home Loan Bank advances                                      |   |   | 2,043,974 |   |   |   | 2,978,386 |   |
| Structured      repurchase agreements                                     |   |   | 2,180,149 |   |   |   | 963,472 |   |
| Short-term      borrowings                                                |   |   | 587,485 |   |   |   | 1,040,065 |   |
| Junior      subordinated debentures issued to affiliated trusts           |   |   | 745,732 |   |   |   | 813,615 |   |
| FRB      Borrower-in-Custody                                              |   |   | 80,485 |   |   |   | 8,007 |   |
| Obligation      under capital lease agreements                            |   |   | 117,295 |   |   |   | 98,712 |   |
| Other      borrowings                                                     |   |   | 177,364 |   |   |   | 175,567 |   |
| Total      interest expense                                               |   |   | 13,084,804 |   |   |   | 16,260,556 |   |
|                                                                      |   |   |   |   |   |   |   |   |
| Net      interest and dividend income before provision for loan    losses |   |   | 12,498,798 |   |   |   | 10,564,811 |   |
|                                                                      |   |   |   |   |   |   |   |   |
| Provision      for loan losses                                            |   |   | 1,642,821 |   |   |   | 657,561 |   |
| Net      interest and dividend income after provision for loan    losses  |   |   | 10,855,977 |   |   |   | 9,907,250 |   |
|                                                                      |   |   |   |   |   |   |   |   |
| Noninterest      income:                                                  |   |   |   |   |   |   |   |   |
| Fees      for other services to customers                                 |   |   | 826,283 |   |   |   | 798,407 |   |
| Net      securities (losses) gains                                        |   |   | (82,067 | ) |   |   | 259,411 |   |
| Gain      on sales of loans                                               |   |   | 863,822 |   |   |   | 395,799 |   |
| Investment      commissions                                               |   |   | 1,275,165 |   |   |   | 1,664,865 |   |
| Insurance      commissions                                                |   |   | 4,472,344 |   |   |   | 3,953,639 |   |
| BOLI      income                                                          |   |   | 367,934 |   |   |   | 335,998 |   |
| Other  income                                                   |   |   | 619,777 |   |   |   | 618,972 |   |
| Total      noninterest income                                             |   |   | 8,343,258 |   |   |   | 8,027,091 |   |
|                                                                      |   |   |   |   |   |   |   |   |
| Noninterest      expense:                                                 |   |   |   |   |   |   |   |   |
| Salaries      and employee benefits                                       |   |   | 10,626,090 |   |   |   | 9,494,939 |   |
| Occupancy      expense                                                    |   |   | 1,402,885 |   |   |   | 1,384,933 |   |
| Equipment      expense                                                    |   |   | 1,218,827 |   |   |   | 1,160,366 |   |
| Intangible      assets amortization                                       |   |   | 564,621 |   |   |   | 432,774 |   |
| Other                                                                     |   |   | 4,587,666 |   |   |   | 3,495,809 |   |
|   Total      noninterest expense                                |   |   | 18,400,089 |   |   |   | 15,968,821 |   |
|                                                                      |   |   |   |   |   |   |   |   |
| Income      before income tax expense                                     |   |   | 799,146 |   |   |   | 1,965,520 |   |
| Income      tax expense                                                   |   |   | 49,086 |   |   |   | 460,358 |   |
|                                                                      |   |   |   |   |   |   |   |   |
| Net      income                                                           |   | $ | 750,060 |   |   | $ | 1,505,162 |   |
|                                                                      |   |   |   |   |   |   |   |   |
|                                                                      |   |   |   |   |   |   |   |   |
| Earnings      per common share:                                           |   |   |   |   |   |   |   |   |
|  Basic                                                               |   | $ | 0.29 |   |   | $ | 0.64 |   |
|  Diluted                                                             |   | $ | 0.29 |   |   | $ | 0.63 |   |
|                                                                      |   |   |   |   |   |   |   |   |
| Net      interest margin (tax equivalent basis)                           |   |   | 2.97 | % |   |   | 2.66 | % |
| Net      interest spread (tax equivalent basis)                           |   |   | 2.74 | % |   |   | 2.36 | % |
| Return      on average assets (annualized)                                |   |   | 0.16 | % |   |   | 0.35 | % |
| Return      on average equity (annualized)                                |   |   | 2.30 | % |   |   | 4.83 | % |
| Efficiency      ratio                                                     |   |   | 88 | % |   |   | 86 | % |

| NORTHEAST      BANCORP AND SUBSIDIARY                           |                 |
|-----------------------------------------------------------------|----------------------|
| Consolidated      Statements of Changes in Stockholders' Equity |                 |
| Nine      Months Ended March 31, 2009 and 2008                  |                 |
| (Unaudited)                                                     |                 |
|                                                            |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                            | Preferred      Stock |   |   | Common      Stock |   |   | Warrants |   |   | Additional      Paid-in Capital |   |   | Retained      Earnings |   |   | Accumulated      OtherComprehensive(Loss)      Income |   | Total |   |
| Balance      at June 30, 2007                                   | $                    | - |   |   | $ | 2,448,832 |   |   | $ | - |   |   | $ | 4,715,164 |   |   | $ | 35,600,428 |   |   | $ | (1,914,546 | ) |   | $ | 40,849,878 |   |
| Net      income for nine months ended 03/31/08             |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 1,505,162 |   |   |   |   |   |   |   | 1,505,162 |   |
| Other      comprehensive income net of tax:                     |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      unrealized gain on investments available               |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   for      sale, net of reclassification adjustment   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 3,493,428 |   |   |   | 3,493,428 |   |
| Total      comprehensive income                                 |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 4,998,590 |   |
|                                                            |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Dividends      on common stock at $0.27 per share               |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (654,579 | ) |   |   |   |   |   |   | (654,579 | ) |
| Stock      options exercised                                    |                 |   |   |   |   | 4,000 |   |   |   |   |   |   |   | 41,125 |   |   |   |   |   |   |   |   |   |   |   | 45,125 |   |
| Stock      grant                                                |                 |   |   |   |   | 150 |   |   |   |   |   |   |   | 1,387 |   |   |   |   |   |   |   |   |   |   |   | 1,537 |   |
| Common      stock re-purchased                                  |                 |   |   |   |   | (137,800 | ) |   |   |   |   |   |   | (2,176,530 | ) |   |   |   |   |   |   |   |   |   |   | (2,314,330 | ) |
|                                                            |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance      at March 31, 2008                                  | $                    | - |   |   | $ | 2,315,182 |   |   | $ | - |   |   | $ | 2,581,146 |   |   | $ | 36,451,011 |   |   | $ | 1,578,882 |   |   | $ | 42,926,221 |   |
|                                                            |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance      at June 30, 2008                                   | $                    | - |   |   | $ | 2,315,182 |   |   | $ | - |   |   | $ | 2,582,270 |   |   | $ | 36,679,932 |   |   | $ | (1,304,072 | ) |   | $ | 40,273,312 |   |
| Net      income for nine months ended 03/31/09                  |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 750,060 |   |   |   |   |   |   |   | 750,060 |   |
| Other      comprehensive income net of tax:                     |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      unrealized gain on investments available               |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   for      sale, net of reclassification adjustment   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 3,699,642 |   |   |   | 3,699,642 |   |
| Total      comprehensive income                                 |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 4,449,702 |   |
|                                                            |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Dividends      on preferred stock                               |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (36,986 | ) |   |   |   |   |   |   | (36,986 | ) |
| Dividends      on common stock at $0.27 per share               |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (625,252 | ) |   |   |   |   |   |   | (625,252 | ) |
| Net      proceeds from Capital Purchase Program                 |                 | 4,227 |   |   |   |   |   |   |   | 133,468 |   |   |   | 4,063,299 |   |   |   |   |   |   |   |   |   |   |   | 4,200,994 |   |
| Stock      options exercised                                    |                 |   |   |   |   | 6,000 |   |   |   |   |   |   |   | 44,500 |   |   |   |   |   |   |   |   |   |   |   | 50,500 |   |
| Stock      grant                                                |                 |   |   |   |   | 150 |   |   |   |   |   |   |   | 1,578 |   |   |   |   |   |   |   |   |   |   |   | 1,728 |   |
| Accretion      of preferred stock                               |                 |   |   |   |   |   |   |   |   |   |   |   |   | 7,920 |   |   |   | (7,920 | ) |   |   |   |   |   |   | - |   |
| Amortization      of issuance cost of preferred stock           |                 |   |   |   |   |   |   |   |   |   |   |   |   | 1,566 |   |   |   | (1,566 | ) |   |   |   |   |   |   | - |   |
|                                                            |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance      at March 31, 2009                                  | $                    | 4,227 |   |   | $ | 2,321,332 |   |   | $ | 133,468 |   |   | $ | 6,701,133 |   |   | $ | 36,758,268 |   |   | $ | 2,395,570 |   |   | $ | 48,313,998 |   |

| NORTHEAST      BANCORP AND SUBSIDIARY                                                                            |   |
|------------------------------------------------------------------------------------------------------------------|--------|
| Consolidated      Statements of Cash Flows                                                                       |   |
| (Unaudited)                                                                                                      |   |
|                                                                                                             |   |   |   |   |   |   |
|                                                                                                             |   | Nine      Months Ended |   |
|                                                                                                             |   | March      31, |   |
|                                                                                                             |   | 2009 |   |   | 2008 |   |
| Cash      provided by operating activities:                                                                      |   | $ | 2,451,767 |   |   | $ | 2,275,289 |   |
|                                                                                                             |   |   |   |   |   |   |   |   |
| Cash      flows from investing activities:                                                                       |   |   |   |   |   |   |   |   |
| Federal      Home Loan Bank stock purchased                                                                      |   |   |   |   |   |   | (63,700 | ) |
| Federal      Reserve Bank stock purchased                                                                        |   |   | (125,250 | ) |   |   | - |   |
| Available-for-sale      securities purchased                                                                     |   |   | (43,548,924 | ) |   |   | (67,969,938 | ) |
| Available-for-sale      securities matured                                                                       |   |   | 15,744,020 |   |   |   | 15,595,123 |   |
| Available-for-sale      securities sold                                                                          |   |   | 2,750,973 |   |   |   | 15,722,531 |   |
| Net      change in loans                                                                                         |   |   | 8,634,553 |   |   |   | 17,549,265 |   |
| Net      capital expenditures                                                                                    |   |   | (1,042,319 | ) |   |   | (1,402,960 | ) |
| Proceeds      from sale of aquired assets                                                                        |   |   | 505,613 |   |   |   | - |   |
| Purchase  of      Bank Owned Life Insurance                                                            |   |   | - |   |   |   | (2,000,000 | ) |
| Cash      paid in connection with acquisition of insurance agency                                                |   |   | - |   |   |   | (3,696,250 | ) |
| Net      cash used in investing activities                                                                       |   |   | (17,081,334 | ) |   |   | (26,265,929 | ) |
|                                                                                                             |   |   |   |   |   |   |   |   |
| Cash      flows from financing activities:                                                                       |   |   |   |   |   |   |   |   |
| Net      change in deposits                                                                                      |   |   | 6,277,016 |   |   |   | (3,287,650 | ) |
| Net      change in short-term borrowings                                                                         |   |   | 445,272 |   |   |   | (4,313,882 | ) |
| Dividends      paid                                                                                              |   |   | (662,238 | ) |   |   | (654,579 | ) |
| Net      proceeds from Capital Purchase Program                                                                  |   |   | 4,200,994 |   |   |   | - |   |
| Proceeds      from stock options exercised                                                                       |   |   | 50,500 |   |   |   | 45,125 |   |
| Common      stock repurchased                                                                                    |   |   | - |   |   |   | (2,314,330 | ) |
| Advances      from the Federal Home Loan Bank                                                                    |   |   | 5,000,000 |   |   |   | 17,000,000 |   |
| Repayment      of advances from the Federal Home Loan Bank                                                       |   |   | (25,000,000 | ) |   |   | (34,056,698 | ) |
| Net      (payments) advances on Federal Home Loan Bank overnight      advances                                   |   |   | (20,250,000 | ) |   |   | 10,920,000 |   |
| Structured      repurchase agreements                                                                            |   |   | 25,000,000 |   |   |   | 40,000,000 |   |
| FRB      borrower-in-custody                                                                                     |   |   | 15,000,000 |   |   |   | - |   |
| Repayment      on debt from insurance agencies acquisitions                                                      |   |   | (595,453 | ) |   |   | (588,497 | ) |
| Repayment      on capital lease obligation                                                                       |   |   | (110,061 | ) |   |   | (99,484 | ) |
| Net      cash provided by financing activities                                                                   |   |   | 9,356,030 |   |   |   | 22,650,005 |   |
|                                                                                                             |   |   |   |   |   |   |   |   |
| Net      decrease cash and cash equivalents                                                                      |   |   | (5,273,537 | ) |   |   | (1,340,635 | ) |
|                                                                                                             |   |   |   |   |   |   |   |   |
| Cash      and cash equivalents, beginning of period                                                              |   |   | 12,543,981 |   |   |   | 10,741,721 |   |
| Cash      and cash equivalents, end of period                                                                    |   | $ | 7,270,444 |   |   | $ | 9,401,086 |   |
|                                                                                                             |   |   |   |   |   |   |   |   |
|                                                                                                             |   |   |   |   |   |   |   |   |
| Cash      and cash equivalents include cash on hand, amounts due from banks, and      interest-bearing deposits. |   |   |   |   |   |
|                                                                                                             |   |   |   |   |   |   |   |   |
| Supplemental      schedule of noncash activities:                                                                |   |   |   |   |   |   |   |   |
| Transfer      from loans to aquired assets and other real estate owned                                           |   | $ | 798,446 |   |   | $ | - |   |
| Net      change in valuation for unrealized gains/losses, net of income      tax,                                |   |   |   |   |   |   |   |   |
|   on      available-for-sale securities                                                                |   | $ | 3,699,642 |   |   | $ | 3,493,428 |   |
|                                                                                                             |   |   |   |   |   |   |   |   |
| Supplemental      disclosures of cash paid during the period for:                                                |   |   |   |   |   |   |   |   |
| Income      taxes paid, net of refunds                                                                           |   | $ | 195,000 |   |   | $ | 335,000 |   |
| Interest      paid                                                                                               |   |   | 13,194,749 |   |   |   | 16,294,901 |   |
|                                                                                                             |   |   |   |   |   |   |   |   |
| Insurance      Agency acquisitions - see Note 10                                                                 |   |   |   |   |   |   |   |   |

| Affiliated      Trusts    |   | TrustPreferredSecurities |       |   | CommonSecurities |   |    | JuniorSubordinatedDebentures |   |   | InterestRate |   | Maturity      Date |
|------------------------------------------|--------|--------------------------|------------|--------|------------------|--------|---------|------------------------------|--------|--------|--------------|--------|--------------------|
| NBN  Capital      Trust II     |   | $                        | 3,000,000  |   |             | $      | 93,000  |                         |   | $      | 3,093,000    |   |               |   | 4.01 | % | March      30, 2034  |
| NBN  Capital      Trust III    |   |                     | 3,000,000  |   |             |   | 93,000  |                         |   |   | 3,093,000    |   |               |   | 4.01 | % | March      30, 2034  |
| NBN  Capital      Trust IV     |   |                     | 10,000,000 |   |             |   | 310,000 |                         |   |   | 10,310,000   |   |               |   | 5.88 | % | February      23, 2035  |
|      Total      |   | $                        | 16,000,000 |   |             | $      | 496,000 |                         |   | $      | 16,496,000   |   |               |   | 5.18 | % |   |

|                                           |   | March      31, 2009 |        | June      30, 2008 |   |
|------------------------------------------------|--------|---------------------|-------------|--------------------|--------|
| Residential      real estate                   |   | $                   | 137,860,818 |               | $      | 140,244,226 |   |
| Commercial      real estate                    |   |                | 114,799,920 |               |   | 111,222,848 |   |
| Construction                                   |   |                | 12,185,044  |               |   | 4,536,974 |   |
| Commercial                                     |   |                | 29,018,330  |               |   | 33,516,315 |   |
| Consumer      & Other                      |   |                | 103,270,011 |               |   | 117,046,759 |   |
|      Total            |   |                | 397,134,123 |               |   | 406,567,122 |   |
| Net      Deferred Costs                        |   |                | 2,167,676   |               |   | 2,626,847 |   |
|      Total      Loans |   | $                   | 399,301,799 |               | $      | 409,193,969 |   |

|                                            |   | Nine      months EndedMarch      31, |      |
|-------------------------------------------------|--------|--------------------------------------|-----------|
|                                            |   | 2009                                 |      |   | 2008 |   |
| Balance      at beginning of period             |   | $                                    | 5,656,000 |   |   | $ | 5,756,000 |   |
| Add      provision charged to operations        |   |                                 | 1,642,821 |   |   |   | 657,561 |   |
| Recoveries      on loans previously charged off |   |                                 | 160,644   |   |   |   | 71,981 |   |
|                                            |   |                                 | 7,459,465 |   |   |   | 6,485,542 |   |
| Less      loans charged off                     |   |                                 | 1,781,465 |   |   |   | 729,542 |   |
| Balance      at end of period                   |   | $                                    | 5,678,000 |   |   | $ | 5,756,000 |   |

|                                                                            |   | March      31, 2009 |            |   | June      30, 2008 |   |
|---------------------------------------------------------------------------------|--------|---------------------|-----------------|--------|--------------------|--------|
|                                                                            |   | Amortized      Cost |            |   | FairValue          |   |   | AmortizedCost |   |   | FairValue |   |
| Debt      securities issued by U. S.      Government-sponsored enterprises |   | $                   |  8,996,320 |   |               | $      |  9,097,132 |   |   | $ | 1,394,087 |   |   | $ | 1,313,124 |   |
| Mortgage-backed      securities                                                 |   |                | 132,217,836     |   |               |   | 137,435,858 |   |   |   | 120,695,852 |   |   |   | 119,600,353 |   |
| Municipal      bonds                                                            |   |                | 11,268,426      |   |               |   | 10,869,666 |   |   |   | 11,274,516 |   |   |   | 11,112,247 |   |
| Corporate      bonds                                                            |   |                | 1,482,193       |   |               |   | 1,409,853 |   |   |   | 500,000 |   |   |   | 481,768 |   |
| Equity      securities                                                          |   |                | 2,347,456       |   |               |   | 1,129,374 |   |   |   | 2,594,389 |   |   |   | 1,975,485 |   |
|                                                                            |   | $                   | 156,312,231     |   |               | $      | 159,941,883 |   |   | $ | 136,458,844 |   |   | $ | 134,482,977 |   |

|                                                                                                     | March      31, 2009 |                                                    |   | June      30, 2008 |   |
|----------------------------------------------------------------------------------------------------------|---------------------|---------------------------------------------------------|--------|--------------------|--------|
|                                                                                                     | Amortized      Cost |                                                    |   | FairValue          |   |   | Amortized      Cost |   |   | FairValue |   |
| Due      in one year or less                                                                             | $                   |         500,000 |   |               | $      |             419,782 |   |   | $ |            - |   |   | $ |         - |   |
| Due      after one year through five years                                                               |                | 8,985,976                                               |   |               |   | 9,086,621 |   |   |   | 500,000 |   |   |   | 481,768 |   |
| Due      after five years through ten years                                                              |                | 215,363                                                 |   |               |   |     216,163 |   |   |   | 215,396 |   |   |   | 215,432 |   |
| Due      after ten years                                                                                 |                | 12,045,600                                              |   |               |   | 11,654,085 |   |   |   | 12,453,207 |   |   |   | 12,209,939 |   |
| Mortgage-backed      securities (including securities      with interest rates                      |                |                                                    |   |               |   |   |   |   |   |   |   |   |   |   |   |
|        ranging from 4.0% to 6.4% maturing February      2013      to September 2038) |                | 132,217,836                                             |   |               |   | 137,435,858 |   |   |   | 120,695,852 |   |   |   | 119,600,353 |   |
|                                                                                                     | $                   | 153,964,775                                             |   |               | $      | 158,812,509 |   |   | $ | 133,864,455 |   |   | $ | 132,507,492 |   |

| March      31,      2009 |
|--------------------------|
| Principal      Amounts   |   |   | Interest      Rates |   | Maturity      Dates For Periods Ending March      31, |
| $                        | 12,325,000 |   |   |   | 0.31% - 5.11 | % | 2010 |
|                     | 8,000,000 |   |   |   | 3.99      - 4.99 |   | 2012 |
|                     | 10,000,000 |   |   |   | 2.55 – 2.59 |   | 2013 |
|                     | 5,000,000 |   |   |   | 3.99      |   | 2014 |
|                     | 10,000,000 |   |   |   | 4.26      |   | 2017 |
|                     | 5,000,000 |   |   |   | 4.29      |   | 2018 |
| $                        | 50,325,000 |   |   |   |   |   |   |

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

| March      31,      2009 |
|--------------------------|
| Amount                   |   | Interest Rate |   | Cap/Floor |   | Amount of      Cap/Floor |   | Strike Rate |   | Maturity |
| $20,000,000              |   | 4.68% |   | Purchased      Caps |   | $40,000,000 |   | 5.50% |   | August      28, 2012 |
| $10,000,000              |   | 3.98% |   | Sold      Floors |   | $20,000,000 |   | 4.86% |   | August      28, 2012 |
| $10,000,000              |   | 4.18% |   | Purchased      Caps |   | $10,000,000 |   | 4.88% |   | December      13, 2012 |
| $10,000,000              |   | 4.30% |   | Purchased      Caps |   | $10,000,000 |   | 3.79% |   | July      3, 2013 |
| $10,000,000              |   | 4.44% |   | Purchased      Caps |   | $10,000,000 |   | 3.81% |   | September      23, 2015 |
| $  5,000,000   |   | 2.86% |   | None |   |   |   |   |   | March      25, 2014 |
| $65,000,000              |   |   |   |   |   |   |   |   |   |   |

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

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

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

|                          |   |        March      31,      2009   |   |        Quoted Prices in Active Markets for Identical Assets (Level    1) |   |        Significant Other Observable Inputs(Level 2) |   |        Significant Unobservable Inputs(Level 3) |
|-------------------------------|--------|--------------------------------------------------|--------|-------------------------------------------------------------------------------|--------|----------------------------------------------------------|--------|-----------------------------------------------------------|
|                          |   |                                             |   |                                                                          |   |                                                     |   |                                                      |
| Available-for-sale-securities |   | $159,941,883                                     |   | $1,129,374                                                                    |   | $158,812,509                                             |   |     -                            |

|                |   | March      31, 2009   |   |  Quoted      Prices in Active Markets for Identical Assets(Level 1) |   |  Significant      Other Observable Inputs(Level 2) |   | Significant      Unobservable Inputs      (Level 3) |
|---------------------|--------|---------------------------------|--------|--------------------------------------------------------------------------|--------|---------------------------------------------------------|--------|----------------------------------------------------------|
|                |   |                            |   |                                                                     |   |                                                    |   |                                                     |
| Impaired      Loans |   | $      1,381,638                |   | -                                                                   |   | $      1,189,371                                        |   | $  192,267                                     |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | Difference      Due to |    |   |   |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------|---------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | Volume                 |    |   | Rate   |   |   | Total |   |
| Investments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | $                      | 415,882 |   |   | $      | (25,475 | ) |   | $ | 390,407 |   |
| Loans,      net                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                   | (63,676 | )      |   |   | (789,416 | ) |   |   | (853,092 | )  |
| FHLB      & Other Deposits                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |                   | 8,458   |   |   |   | (5,994 | )  |   |   | 2,464 |   |
|   Total      Interest-earnings Assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                   | 360,664 |   |   |   | (820,885 | )  |   |   | (460,221 | )  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                   |    |   |   |   |   |   |   |   |   |   |
| Deposits                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                   | 62,191  |   |   |   | (1,179,004 | )  |   |   | (1,116,813 | )  |
| Securities      sold under Repurchase Agreements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                   | 30,282  |   |   |   | (148,918 | ) |   |   | (118,636 | )  |
| Borrowings                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |                   | 128,464 |   |   |   | (181,183 | )  |   |   | (52,719 | ) |
|   Total      Interest-bearing Liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                   | 220,937 |   |   |   | (1,509,105 | )  |   |   | (1,288,168 | ) |
|    Net      Interest and Dividend Income                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | $                      | 139,727 |   |   | $      | 688,220 |   |   | $ | 827,947 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                   |    |   |   |   |   |   |   |   |   |   |
| Rate/volume      amounts which are partly attributable to rate and volume are spread      proportionately between volume and rate based on the direct change      attributable to rate and volume. Borrowings in the table include junior      subordinated notes, FHLB borrowings, structured repurchase agreements,      capital lease obligations and other borrowings. The adjustment to interest      income and yield on a fully tax equivalent basis was $50,436 and $50,766      for the three months ended March 31, 2009 and 2008,      respectively. |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | Difference      Due to |      |   |   |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------|-----------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | Volume                 |      |   | Rate   |   |   | Total |   |
| Investments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | $                      | 1,459,912 |   |   | $      | 87,749 |   |   | $ | 1,547,661 |   |
| Loans,      net                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                   | (472,779  | )      |   |   | (2,274,917 | ) |   |   | (2,747,696 | )  |
| FHLB      & Other Deposits                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |                   | 33,788    |   |   |   | (74,896 | ) |   |   | (41,108 | )  |
|   Total      Interest-earnings Assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                   | 1,020,921 |   |   |   | (2,262,064 | ) |   |   | (1,241,143 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                   |      |   |   |   |   |   |   |   |   |   |
| Deposits                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                   | 48,843    |   |   |   | (3,079,255 | )  |   |   | (3,030,412 | )  |
| Securities      sold under repurchase Agreements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                   | 59,556    |   |   |   | (512,136 | ) |   |   | (452,580 | ) |
| Borrowings                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |                   | 771,856   |   |   |   | (464,616 | ) |   |   | 307,240 |   |
|   Total      Interest-bearing Liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                   | 880,255   |   |   |   | (4,056,007 | )  |   |   | (3,175,752 | ) |
|    Net      Interest and Dividend Income                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | $                      | 140,666   |   |   | $      | 1,793,943 |   |   | $ | 1,934,609 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                   |      |   |   |   |   |   |   |   |   |   |
| Rate/volume      amounts which are partly attributable to rate and volume are spread      proportionately between volume and rate based on the direct change      attributable to rate and volume. Borrowings in the table include junior      subordinated notes, FHLB borrowings, structured repurchase agreements,      capital lease obligation and other borrowings. The adjustment to interest      income and yield on a fully tax equivalent basis was $152,434 and $151,812      for the nine months ended March 31, 2009 and 2008,      respectively. |   |

|                                                                          |   | Consumer      Loans as of |        |
|-------------------------------------------------------------------------------|--------|---------------------------|-------------|
|                                                                          |   | March      31, 2009       |        |   | June      30, 2008 |   |
| Indirect      Auto                                                            |   | $                         | 29,515,848  |   |   |   | 29 | % |   | $ | 34,980,847 |   |   |   | 30 | % |
| Indirect      RV                                                              |   |                      | 49,005,078  |   |   |   | 47 | % |   |   | 54,915,583 |   |   |   | 47 | % |
| Indirect      Mobile Home                                                     |   |                      | 19,717,641  |   |   |   | 19 | % |   |   | 21,759,537 |   |   |   | 18 | % |
|                Subtotal Indirect |   |                      | 98,238,567  |   |   |   | 95 | % |   |   | 111,655,967 |   |   |   | 95 | % |
| Other                                                                         |   |                      | 5,031,444   |   |   |   | 5 | % |   |   | 5,390,792 |   |   |   | 5 | % |
| Total                                                                         |   | $                         | 103,270,011 |   |   |   | 100 | % |   | $ | 117,046,759 |   |   |   | 100 | % |

| Description                                 |   |   | March      31, 2009                                                                                                                                                                   |   |   | June      30, 2008                                                  |   |
|---------------------------------------------|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------------------------------------------------------------------|--------|
| Residential      Real Estate                |   | $      | 987,000                                                                                                                                                                               |   | $      | 1,390,000                                                           |   |
| Commercial      Real Estate                 |   |   | 3,728,000                                                                                                                                                                             |   |   | 2,358,000                                                           |   |
| Commercial      Loans                       |   |   | 3,234,000                                                                                                                                                                             |   |   | 3,214,000                                                           |   |
| Construction                                |   |   |                               - |   |   |           101,000 |   |
| Consumer      and Other                     |   |   | 728,000                                                                                                                                                                               |   |   | 640,000                                                             |   |
|    Total      non-performing |   | $      | 8,677,000                                                                                                                                                                             |   | $      | 7,703,000                                                           |   |

| 3-31-09 |   | 12-31-08 |   | 9-30-08 |   | 6-30-08 |   | 3-31-08 |
|---------|--------|----------|--------|---------|--------|---------|--------|---------|
| 5.10%   |   | 4.35%    |   | 3.43%   |   | 3.64%   |   | 4.41%   |

| Brokered      time deposits                                   | $      139,931,000             | Subject      to policy limitation of 25% of total assets                                           |
|---------------------------------------------------------------|-------------------------------------|----------------------------------------------------------------------------------------------------|
| Federal      Home Loan Bank of Boston                         | $        40,141,000  | Unused      advance capacity subject to eligible and      qualified collateral                |
| Federal      Reserve Bank Discount Window Borrower-in-Custody | $        18,944,000  | Unused      credit line subject to the pledge of indirect auto loans and      municipal bonds |
| Total      Unused Borrowing Capacity                          | $      199,016,000             |                                                                                               |

| Affiliated Trusts                   |   | Outstanding Balance                      |   | Rate  |   | First Call Date        |
|-------------------------------------|--------|------------------------------------------|--------|-------|--------|------------------------|
| NBN      Capital Trust II           |   | $         3,093,000  |   | 4.01% |   | March      30, 2009    |
| NBN      Capital Trust III          |   | 3,093,000                           |   | 4.01% |   | March      30, 2009    |
| NBN      Capital Trust IV           |   | 10,310,000                          |   | 5.88% |   | February      23, 2010 |
|      Total |   | $  16,496,000             |   | 5.18% |   |                   |

|   Northeast      Bancorp          |   |  Actual |   |   | Required      For Capital Adequacy Purposes |   |   | Required      To Be "Well Capitalized" Under Prompt Corrective Action      Provisions |   |
|---------------------------------------------|--------|--------------|--------|--------|---------------------------------------------|--------|--------|---------------------------------------------------------------------------------------|--------|
| (Dollars      in Thousands)                 |   | Amount       |   |   | Ratio                                       |   |   | Amount                                                                                |   |   | Ratio |   |   | Amount |   |   | Ratio |   |
| As      of March 31, 2009:                  |   |         |   |   |                                        |   |   |                                                                                  |   |   |   |   |   |   |   |   |   |   |
| Total      capital to risk weighted assets  |   | $            | 54,816 |   |                                        |   | 13.26  | %                                                                                     |   | $ | 33,065 |   |   |   | >  8.00 | %  |   | $ | 41,332 |   |   |   | > 10.00 | %  |
| Tier      1 capital to risk weighted assets |   | $            | 49,282 |   |                                        |   | 11.92  | %                                                                                     |   | $ | 16,533 |   |   |   | >  4.00 | %  |   | $ | 24,799 |   |   |   | >   6.00 | %  |
| Tier      1 capital to total average assets |   | $            | 49,282 |   |                                        |   | 8.19   | %                                                                                |   | $ | 24,060 |   |   |   | >  4.00 | %  |   | $ | 30,075 |   |   |   | >   5.00 | %  |

|   Northeast      Bank             |   |  Actual |   |   | Required      For Capital Adequacy Purposes |   |   | Required      To Be "Well Capitalized" Under Prompt Corrective Action      Provisions |   |
|---------------------------------------------|--------|--------------|--------|--------|---------------------------------------------|--------|--------|---------------------------------------------------------------------------------------|--------|
| (Dollars      in Thousands)                 |   | Amount       |   |   | Ratio                                       |   |   | Amount                                                                                |   |   | Ratio |   |   | Amount |   |   | Ratio |   |
| As      of March 31, 2009:                  |   |         |   |   |                                        |   |   |                                                                                  |   |   |   |   |   |   |   |   |   |   |
| Total      capital to risk weighted assets  |   | $            | 51,256 |   |                                        |   | 12.48  | %                                                                                |   | $ | 32,864 |   |   |   | >  8.00 | %  |   | $ | 41,081 |   |   |   | > 10.00 | %  |
| Tier      1 capital to risk weighted assets |   | $            | 46,114 |   |                                        |   | 11.23  | %                                                                                |   | $ | 16,432 |   |   |   | >  4.00 | %  |   | $ | 24,648 |   |   |   | >   6.00 | %  |
| Tier      1 capital to total average assets |   | $            | 46,114 |   |                                        |   | 7.70   | %                                                                                |   | $ | 23,968 |   |   |   | >  4.00 | %  |   | $ | 29,959 |   |   |   | >   5.00 | %  |

|                                                             |   |   |        |   | Payments      Due by Period |   |
|------------------------------------------------------------------|--------|--------|-------------|--------|-----------------------------|--------|
|                                                             |   |   |        |   | Less      Than              |   |   |   |   |   |   |   |   | After      5 |   |
| Contractual Obligations                                          |   | Total  |        |   | 1 Year                      |   |   | 1-3 Years |   |   | 4-5 Years |   |   | Years |   |
| FHLB      advances                                               |   | $      | 50,325,000  |   |                        | $      | 12,325,000 |   |   | $ | 8,000,000 |   |   | $ | 15,000,000 |   |   | $ | 15,000,000 |   |
| Structured  repurchase      agreements                 |   |   | 65,000,000  |   |                        |   | 30,000,000 |   |   |   | 20,000,000 |   |   |   | 15,000,000 |   |   |   | - |   |
| FRB      borrower-in-custody account                             |   |   | 15,000,000  |   |                        |   | 15,000,000 |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Junior      subordinated notes                                   |   |   | 16,496,000  |   |                        |   | 16,496,000 |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Capital      lease obligation                                    |   |   | 2,780,961   |   |                        |   | 153,661 |   |   |   | 331,974 |   |   |   | 368,756 |   |   |   | 1,926,570 |   |
| Other      borrowings                                            |   |   | 3,431,432   |   |                        |   | 634,157 |   |   |   | 1,191,914 |   |   |   | 1,161,785 |   |   |   | 443,576 |   |
|      Total      long-term debt          |   |   | 153,033,393 |   |                        |   | 74,608,818 |   |   |   | 29,523,888 |   |   |   | 31,530,541 |   |   |   | 17,370,146 |   |
|                                                             |   |   |        |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating      lease obligations (1)                             |   |   | 1,803,162   |   |                        |   | 454,170 |   |   |   | 760,326 |   |   |   | 383,001 |   |   |   | 205,665 |   |
|      Total      contractual obligations |   | $      | 154,836,555 |   |                        | $      | 75,062,988 |   |   | $ | 30,284,214 |   |   | $ | 31,913,542 |   |   | $ | 17,575,811 |   |

|                                               |   |   |            |   |           |   |       |           |   |   |           |   |   |               |      |
|----------------------------------------------------|--------|--------|-----------------|--------|----------------|--------|------------|----------------|--------|--------|----------------|--------|--------|--------------------|-----------|
|                                               |   |   |            |   | Less      Than |   |       |           |   |   |           |   |   | After      5  |      |
| Commitments with off-balance sheet      risk       |   | Total  |            |   | 1      Year    |   |       | 1-3      Years |   |   | 4-5      Years |   |   | Years         |      |
| Commitments      to extend credit (2)(4)           |   | $      | 27,674,193      |   |           | $      | 27,565,469 |           |   | $      | 108,724        |   |   | $                  | -         |   |   | $ | - |   |
| Commitments      related to loans held for sale(3) |   |   | 5,769,960       |   |           |   | 5,769,960  |           |   |   | -              |   |   |               | -         |   |   |   | - |   |
| Unused      lines of credit (4)(5)                 |   |   | 40,615,927      |   |           |   | 17,252,922 |           |   |   | 1,422,814      |   |   |               | 1,980,934 |   |   |   | 19,959,257 |   |
| Standby      letters of credit (6)                 |   |   |  1,202,698 |   |           |   | 1,045,649  |           |   |   | 157,049        |   |   |               | -         |   |   |   | - |   |
|                                               |   | $      | 75,262,778      |   |           | $      | 51,634,000 |           |   | $      | 1,688,587      |   |   | $                  | 1,980,934 |   |   | $ | 19,959,257 |   |

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

| Item      1.    | Legal ProceedingsNone.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| Item      1. a. | Risk FactorsThe      following risk factors are in addition to those risk factors set forth in      our Annual Report on Form10-K for the fiscal year ended June 30,      2008. Difficult      Conditions in the Capital Markets and the Economy Generally May Materially      Adversely Affect Our Business and Results of Operations and We Do Not      Expect These Conditions to Improve in the Near Future Our      results of operations are materially affected by conditions in the capital      markets and the economy generally. The capital and credit markets have      been experiencing extreme volatility and disruption for more than twelve      months. The volatility and disruption have reached unprecedented      levels.  In many cases, these markets have produced downward      pressure on stock prices of, and credit availability to, certain companies      without regard to those companies’ underlying financial      strength. Recently,      concerns over inflation, energy costs, geopolitical issues, the      availability and cost of credit, the U.S. mortgage market and a declining      U.S. real estate market have contributed to increased volatility and      diminished expectations for the economy and the capital and credit markets      going forward. These factors, combined with volatile oil prices, declining      business and consumer confidence and increased unemployment, have      precipitated an economic slowdown and induced fears of a possible      recession. In addition, the fixed-income markets are experiencing a period      of extreme volatility which has negatively impacted market liquidity      conditions. Initially, the concerns on the part of market participants      were focused on the subprime segment of the mortgage-backed securities      market. However, these concerns have since expanded to include a broad      range of mortgage-and asset-backed and other fixed income securities,      including those rated investment grade, the U.S. and international credit      and interbank money markets generally, and a wide range of financial      institutions and markets, asset classes and sectors. As a result, the      market for fixed income instruments has experienced decreased liquidity,      increased price volatility, credit downgrade events, and increased      probability of default. Securities that are less liquid are more difficult      to value and may be hard to dispose of. Domestic and international equity      markets have also been experiencing heightened volatility and turmoil,      with issuers (such as our company) that have exposure to the real estate,      mortgage and credit markets particularly affected. These events and the      continuing market upheavals, may have an adverse effect on us, in part      because we have a large investment portfolio and also because we are      dependent upon customer behavior. Our revenues are likely to decline in      such circumstances, and our profit margins could erode. In addition, in      the event of extreme and prolonged market events, such as the global      credit crisis, we could incur significant losses. Even in the absence of a      market downturn, we are exposed to substantial risk of loss due to market      volatility. Factors      such as consumer spending, business investment, government spending, the      volatility and strength of the capital markets, and inflation all affect      the business and economic environment and, ultimately, the amount and      profitability of our business. In an economic downturn characterized by      higher unemployment, lower family income, lower corporate earnings, lower      business investment and lower consumer spending, the demand for our      financial products could be adversely affected.  Adverse changes      in the economy could affect earnings negatively and could have a material      adverse effect on our business, results of operations and financial      condition. The current mortgage crisis has also raised the possibility of      future legislative and regulatory actions in addition to the recent      enactment of the Emergency Economic Stabilization Act of 2008 (the “EESA”)      that could further impact our business. We cannot predict whether or when      such actions may occur, or what impact, if any, such actions could have on      our business, results of operations and financial condition. Recent      Negative Developments In The Financial Industry And The Credit Markets May      Subject Us To Additional Regulation. As      a result of the recent global financial crisis, the potential exists for      new federal or state laws and regulations regarding lending and funding      practices and liquidity standards to be promulgated, and bank regulatory      agencies are expected to be active in responding to concerns and trends      identified in examinations, including the expected issuance of many formal      enforcement orders. Negative developments in the financial industry and      the domestic and international credit markets, and the impact of new      legislation in response to those developments, may negatively impact our      operations by restricting our business operations, including our ability      to originate or sell loans, and adversely impact our financial      performance. Our      Future Growth May Require Us To Raise Additional Capital In The Future,      But That Capital May Not Be Available When It Is Needed. We      are required by regulatory authorities to maintain adequate levels of      capital to support our operations. We anticipate that our current capital      levels will satisfy our regulatory requirements for the foreseeable      future. We may at some point, however, need to raise additional capital to      support our continued growth. Our ability to raise additional capital will      depend, in part, on conditions in the capital markets at that time, which      are outside our control, and our financial performance. Accordingly, we      may be unable to raise additional capital, if and when needed, on terms      acceptable to us, or at all. If we cannot raise additional capital when      needed, our ability to further expand our operations through internal      growth and acquisitions could be materially impaired. In addition, if we      decide to raise additional equity capital, your interest could be      diluted. The      FDIC deposit insurance assessments that we are required to pay may      materially increase in the future, which would have an adverse effect on      our earnings. As      a member institution of the FDIC, we are required to pay quarterly deposit      insurance premium assessments to the FDIC. Due to the recent failure of      several unaffiliated FDIC insurance depository institutions and the      increased deposit account insurance limit, we anticipate that the deposit      insurance premium assessments paid by all banks will increase. If the      deposit insurance premium assessment rate applicable to us increases, our      earnings could be adversely impacted. |
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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| Item      2.(c) | Unregistered Sales of Equity Securities and Use of      ProceedsThe      following table provides information on the purchases made by or on behalf      of the Company of shares of Northeast Bancorp common stock during the      indicated periods.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|            |    Period (1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |  Total      NumberOf      SharesPurchased (2) |   Average      PricePaid per Share | Total      Number of Shares      Purchasedas      Part of PubliclyAnnounced Program | Maximum      Number ofShares      that May Yet bePurchased      UnderThe Program (3) |
|            | Jan.      1 – Jan. 31                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | - | - | - | 58,400 |
|            | Feb      1 – Feb. 28                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | - | - | - |  58,400 |
|            | Mar.      1 – Mar. 31                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | - | - | - |  58,400 |
|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |
| (1)             | Based      on trade date, not settlement date.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| (2)             | Represents      shares purchased in open-market transactions pursuant to the Company's      2006 Stock Repurchase Plan.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| (3)             | On      December 15, 2006, the Company announced that the Board of Directors of      the Company approved the 2006 Stock Repurchase Plan pursuant to which the      Company is authorized to repurchase in open-market transactions up to      200,000 shares from time to time until the plan expires on December 31,      2009, unless extended.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| Item      3.    | Defaults Upon SeniorSecuritiesNone                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| Item      4.    | Submission of Matters to a Vote of Security      HoldersNone                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| Item      5.    | Other InformationNone.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| Item      6.    | Exhibits                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|            | List      of Exhibits:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|            | Exhibits No.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | Description |
|            | 3.1                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | Articles      (incorporated by reference to the Company’s June 30, 2007 10K filed on      September 27, 2007) |
|            | 3.2                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | Bylaws      (incorporated by reference to the Company’s June 30, 2007 10K filed on      September 27, 2007) |
|            | 11                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | Statement      Regarding Computation of Per Share Earnings. |
|            | 31.1                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | Certification      of the Chief Executive Officer pursuant to Section 302 of the      Sarbanes-Oxley Act of 2002 (Rule 13a-14(a)). |
|            | 31.2                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | Certification      of the Chief Financial Officer pursuant to Section 302 of the      Sarbanes-Oxley Act of 2002 (Rule 13a-14(a)). |
|            | 32.1                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | Certificate      of the Chief Executive Officer Pursuant to 18 U.S.C. Section      1350,  as Adopted Pursuant to Section 906 of the Sarbanes-Oxley      Act of 2002 (Rule 13a-14(b)). |
|            | 32.2                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | Certificate      of the Chief Financial Officer Pursuant to 18 U.S.C. Section      1350,  as Adopted Pursuant to Section 906 of the Sarbanes-Oxley      Act of 2002 (Rule13a-14(b)). |

| Date:  May      13, 2009 |   | NORTHEAST      BANCORP                                |
|------------------------------------|--------|-------------------------------------------------------|
|                               | By:    | /s/      James D. Delamater                           |
|                               |   |           James D. Delamater      |
|                               |   |           President and CEO       |
|                               |   |                                                  |
|                               | By:    | /s/      Robert S. Johnson                            |
|                               |   |           Robert S. Johnson       |
|                               |   |           Chief Financial Officer |
|                               |   |                                                  |

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