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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3 )
Northeast Bancorp.
(Name of Issuer)
Common Stock
Common Stock
(Title of Class of Securities)
663904100
663904100
(CUSIP Number)
December 31, 2008
December 31, 2008
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
| [X] | Rule 13d-1(b) |
| [] | Rule 13d-1(c) |
| [] | Rule 13d-1(d) |
|
The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be 'filed' for the purpose of Section 18 of the Securities Exchange Act of 1934 ('Act') or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). |
| CUSIP No. 663904100 | ||||
| Person 1 | ||||
| 1. | (a) Names of Reporting Persons. James W. Nichols d/b/a Nichols Investment Management | |||
| (b) Tax ID 04-3352585 | ||||
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) | |||
| (a) [] | ||||
| (b) [] | ||||
| 3. | SEC Use Only . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | |||
| 4. | Citizenship or Place of Organization United States | |||
| Number of Shares Beneficially Owned by Each Reporting Person With | ||||
| 5. Sole Voting Power 11,653 | ||||
| 6. Shared Voting Power 0 | ||||
| 7. Sole Dispositive Power 175,275 | ||||
| 8. Shared Dispositive Power 0 | ||||
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person 175,275 | |||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) | |||
| 11. | Percent of Class Represented by Amount in Row (9) 7.55 % | |||
| 12. | Type of Reporting Person (See Instructions) | |||
| IA | ||||
| Item 1. | ||||||
| (a) | Name of Issuer Northeast Bancorp. | |||||
| (b) | Address of Issuer's Principal Executive Offices | |||||
| 500 Canal Street, Lewiston, ME 04240 | ||||||
| Item 2. | ||||||
| (a) | Name of Person Filing James W. Nichols d/b/a Nichols Investment Management | |||||
| (b) | Address of Principal Business Office or, if none, Residence Box 904, Bangor, ME 04402-0904 | |||||
| (c) | Citizenship United States | |||||
| (d) | Title of Class of Securities Common Stock | |||||
| (e) | CUSIP Number 663904100 | |||||
| Item 3. | If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: | |
| (a) | [ ] | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78c) |
| (b) | [ ] | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). |
| (c) | [ ] | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). |
| (d) | [ ] | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). |
| (e) | [X ] | An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); |
| (f) | [ ] | An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); |
| (g) | [ ] | A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); |
| (h) | [ ] | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
| (i) | [ ] | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); |
| (j) | [ ] | A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J);. |
| (k) | [ ] | Group, in accordance with 240.13d-1(b)(1)(ii)(K). |
| Item 4. | Ownership. | |||
| Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. | ||||
| (a) | Amount beneficially owned: 175,275 | |||
| (b) | Percent of class: 7.55% | |||
| (c) | Number of shares as to which the person has: | |||
| (i) | Sole power to vote or to direct the vote 11,653 | |||
| (ii) | Shared power to vote or to direct the vote 0 | |||
| (iii) | Sole power to dispose or to direct the disposition of 175,275 | |||
| (iv) | Shared power to dispose or to direct the disposition of 0 | |||
| Item 5. | Ownership of Five Percent or Less of a Class | |||
| If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.[ ]. | ||||
| Item 6. | Ownership of More than Five Percent on Behalf of Another Person. | |||
| 163,622 of the share reported on this Schedule 13G form are owned by investment advisory clients of the Reporting Person. | ||||
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person. | |||
| Item 8. | Identification and Classification of Members of the Group | |||
| Item 9. | Notice of Dissolution of Group | |||
| Item 10. | Certification | |||
|
SIGNATURE
| After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. |
| February 9, 2009 | Date |
| James W. Nichols | Signature |
| James W. Nichols, Owner |
| Name/Title |
| Attention: | Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001) |
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