 PORTLAND, Maine, July 28, 2021 GLOBE NEWSWIRE -- Northeast Bank the Bank NASDAQ: NBN, a Maine-based full-service bank, today reported net income of 21.4 million, or 2.54 per diluted common share, for the quarter ended June 30, 2021, compared to net income of 11.2 million, or 1.33 per diluted common share, for the quarter ended June 30, 2020. Net income for the year ended June 30, 2021 was 71.5 million, or 8.55 per diluted common share, compared to 22.7 million, or 2.53 per diluted common share, for the year ended June 30, 2020. Net income for the quarter and year ended June 30, 2021 included 12.6 million and 46.7 million, respectively, of net gains on the sale of U.S. Small Business Administration SBA Paycheck Protection Program PPP loans sold during the quarter and year ended June 30, 2021, which had an after-tax earnings per diluted common share impact of 1.06 and 3.95, respectively. 