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NORTHEAST BANCORP
Exhibit 11. Statement Regarding Computation of Per Share Earnings
	Three Months Ended	Three Months Ended
	September 30, 2003	September 30, 2002
EQUIVALENT SHARES:
Weighted Average Shares Outstanding	2,581,335	2,647,924
		.
Total Diluted Shares	2,632,708	2,686,789
Net Income	$         916,381	$         906,939
Basic Earnings Per Share	$               0.36	$               0.34
Diluted Earnings Per Share	$               0.35	$               0.34