Northeast Bank

Good day, everyone, and welcome to the Northeast Bank Financial Year 2021 Fourth Quarter Earnings Results Conference call. This call is being recorded. With us today from the bank is Rick Wayne, President and Chief Executive Officer, JP LaPointe, Chief Financial Officer, and Pat Dignan, Executive Vice President and Chief Credit Officer. Last night, an investor presentation was uploaded to the bank's website, which we will reference in this morning's call. The presentation can be accessed at the investor relations section of northeastbank.com under events and presentations. You may find it helpful to download this investor presentation and follow along during the call. Also, this call will be available for a rebroadcast on the website for future use. The question and answer session for this call will be conducted electronically following the presentation. Please note that this presentation contains forward-looking statements about Northeast Bank. Forward-looking statements are based upon the current expectations of Northeast Bank's management and are subject to risks and uncertainties. Actual results may differ materially from those discussed in the forward-looking statements. Northeast Bank does not undertake any obligation to update any forward-looking statements. At this time, I would like to turn the call over to Rick Wayne. Please go ahead, sir.

Good morning, and thank you all for joining us today. With me are JP LaPointe, our Chief Financial Officer, and Pat Dignan, our Chief Credit Officer and Executive Vice President. After my comments and JP's, JP, Pat, and I would be happy to answer any of your questions. If we turn now to the slide, page three, entitled Financial Highlights. I want to discuss in a little detail some of the items in here. First, let me leave with the headline. For the quarter, we had $21.4 million of net income, and for the year, $71.5 million. For the quarter, EPS was $2.54. And for the year, $8.55. For the quarter, we had return on equity of 37.97%, a shade under 38. And for the year, 37.44%.

And return on assets for the quarter of 4.55%.