 PORTLAND, Maine, April 21, 2021 GLOBE NEWSWIRE -- Northeast Bank the Bank NASDAQ: NBN, a Maine-based full-service bank, today reported record net income of 34.2 million, or 4.06 per diluted common share, for the quarter ended March 31, 2021, compared to net income of 1.9 million, or 0.21 per diluted common share, for the quarter ended March 31, 2020. Net income for the nine months ended March 31, 2021 was 50.1 million, or 6.01 per diluted common share, compared to 11.5 million, or 1.25 per diluted common share, for the nine months ended March 31, 2020. Net income for the three and nine months ended March 31, 2021 included 33.0 million of net gains on the sale of Paycheck Protection Program PPP loans originated and sold during the quarter ended March 31, 2021 under the current round of PPP, which had an after-tax earnings per diluted common share impact of 2.75 and 2.80, respectively. 