Northeast Bancorp reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2011. For the quarter, the company reported net income from continuing operations of $418,000 or $0.09 per diluted common share and net income available to common stockholders of $320,000 or $0.09 per diluted common share on total interest and dividend income of $6,472,000. Net interest and dividend income after provision for loan losses was $4,782,000. Income from continuing operations before income tax expense (benefit) was $597,000. Return on average assets was 0.28% and return on average equity was 2.52%. For the six months, the company reported net loss from continuing operations of $176,000 or $0.11 per diluted common share and net income available to common stockholders of $751,000 or $0.21 per diluted common share on total interest and dividend income of $12,307,000. Net interest and dividend income after provision for loan losses was $8,660,000. Loss from continuing operations before income tax expense (benefit) was $400,000. Results for the six months ended December 31, 2011 include net income from discontinued operations of $1.1 million, which included the gain earned on the sale of the company's insurance agency business. Return on average assets was 0.32% and return on average equity was 2.86%. At December 31, 2011, the Company's tangible book value per share was $16.15, compared to $13.58 at June 30, 2011. Book value per share at December 31, 2011 was $17.58. The Board of Directors has declared a cash dividend of $0.09 per share, payable on February 24, 2012 to shareholders of record as of February 10, 2012.