Attached files
| file | filename |
|---|---|
| EX-21 - LIST OF SUBSIDIARIES OF NORTHEAST BANCORP - NORTHEAST BANCORP /ME/ | d234994dex21.htm |
| 10-K - FORM 10-K - NORTHEAST BANCORP /ME/ | d234994d10k.htm |
| EX-23 - CONSENT OF SHATSWELL,MACLEOD & COMPANY PC - NORTHEAST BANCORP /ME/ | d234994dex23.htm |
| EX-31.2 - CERTIFICATION OF CFO PURSUANT TO SECTION 302 - NORTHEAST BANCORP /ME/ | d234994dex312.htm |
| EX-31.1 - CERTIFICATION OF CEO PURSUANT TO SECTION 302 - NORTHEAST BANCORP /ME/ | d234994dex311.htm |
| EX-99.1 - CERTIFICATION PURSUANT TO SECTION 111(B)(4) - NORTHEAST BANCORP /ME/ | d234994dex991.htm |
| EX-32.1 - CERTIFICATION OF CEO AND CFO PURSUANT TO SECTION 906 - NORTHEAST BANCORP /ME/ | d234994dex321.htm |
Exhibit 11. Statement Regarding Computation of Per Share Earnings
| Successor Company |
Predecessor Company | |||||||||||||
| 184 Days Ended June 30, 2011 |
181 Days Ended Dec. 28, 2010 |
Twelve Months Ended June 30, 2010 |
||||||||||||
| (Dollars in Thousands) | ||||||||||||||
| Earnings per common share |
||||||||||||||
| Net Income |
$ | 12,552 | $ | 1,796 | $ | 1,719 | ||||||||
| Preferred stock dividends |
(107 | ) | (104 | ) | (211 | ) | ||||||||
| Accretion of preferred stock |
(87 | ) | (13 | ) | (27 | ) | ||||||||
| Amortization of issuance costs |
(3 | ) | (2 | ) | (5 | ) | ||||||||
|
|
|
|
|
|
|
|||||||||
| Net income available to common shareholders |
$ | 12,355 | $ | 1,677 | $ | 1,476 | ||||||||
| Dividends and undistributed earnings allocated to unvested shares of stock awards |
(46 | ) | — | — | ||||||||||
|
|
|
|
|
|
|
|||||||||
| Net income applicable to common shareholders |
$ | 12,309 | $ | 1,677 | $ | 1,476 | ||||||||
|
|
|
|
|
|
|
|||||||||
| Average common shares issued and outstanding |
3,492,933 | 2,330,197 | 2,321,894 | |||||||||||
|
|
|
|
|
|
|
|||||||||
| Earnings per common share |
$ | 3.52 | $ | 0.72 | $ | 0.64 | ||||||||
|
|
|
|
|
|
|
|||||||||
| Diluted earnings per Common share |
||||||||||||||
| Net income applicable to common shareholders |
$ | 12,355 | $ | 1,677 | $ | 1,476 | ||||||||
| Dividends and undistributed earnings allocated to unvested shares of stock awards |
(46 | ) | — | — | ||||||||||
|
|
|
|
|
|
|
|||||||||
| Net income available to common shareholders |
$ | 12,309 | $ | 1,677 | $ | 1,476 | ||||||||
|
|
|
|
|
|
|
|||||||||
| Average common shares issued and outstanding |
3,492,933 | 2,330,197 | 2,321,894 | |||||||||||
| Dilutive effect of stock options |
30,582 | 1,714 | 3,685 | |||||||||||
| Dilutive effect of warrants |
24,649 | 22,474 | 8,760 | |||||||||||
|
|
|
|
|
|
|
|||||||||
| Total diluted average common shares issued and outstanding |
3,548,164 | 2,354,385 | 2,334,339 | |||||||||||
|
|
|
|
|
|
|
|||||||||
| Diluted earnings per common share |
$ | 3.47 | $ | 0.71 | $ | 0.63 | ||||||||
|
|
|
|
|
|
|
|||||||||
| (1) | “Successor Company” means Northeast Bancorp and its subsidiary after the closing of the merger with FHB Formation on LLC on December 29, 2010. |
| (2) | “Predecessor Company” means Northeast Bancorp and its subsidiary before the closing of the merger with FHB Formation LLC on December 29, 2010. |