| Northeast Bancorp serves as the holding company for Northeast Bank, FSB (the Bank). The Bank provides a range of banking services to individual and corporate customers throughout south-central and western Maine. It has branches located in Auburn, Augusta, Bethel, Brunswick, Buckfield, Harrison, Lewiston, Lisbon Falls, Mechanic Falls, Portland, Richmond and South Paris, Maine. The primary source of income generated by the Bank is from the interest earned from the loan portfolio. The principal lending activities of the Bank are the origination and purchase of conventional mortgages for the purpose of constructing, financing, or re-financing one- to four-family residential properties and commercial properties. |
