Lewiston-based Northeast Bancorp on Friday reported net income of $542,000, or 5 cents per share, for its fiscal fourth quarter, which ended June 30, compared with $205,000, or 2 cents per share, for the same quarter of 2013.
Total assets at the end of June were $761.9 million, an increase of $91.3 million over June 30, 2013, the bank reported.
Northeast Bancorp’s loan portfolio grew by $84.4 million, or 19 percent, compared with a year earlier, it said.
The bank’s stock trades on the NASDAQ exchange under the symbol NBN.
This story was updated at 9:45 a.m. Saturday to correct the company’s increase in total assets.