<div id="readability-page-1"><article>PORTLAND, Maine, Dec. 17, 2025 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN) announced today that since September 30, 2025, the Bank has purchased or entered into agreements to purchase commercial real estate loans in the aggregate amount of unpaid principal balance of approximately $525 million. Because the purchases will primarily close late in the quarter, the Bank anticipates there will be minimal impact on earnings for the second fiscal quarter of 2026. Discussing the purchase activity, Rick Wayne, Chief Executive Officer said, “This quarter's loan purchases rank as our third-highest volume since we started purchasing loans. This is a testament to our ability to capitalize on opportunities of all sizes in this robust secondary loan market. With a strong balance sheet and capital levels, and a team of seasoned professionals, the Bank is exceptionally well-positioned to thrive in this environment.” About Northeast Bank Northeast Bank (NASDAQ: NBN) is a full-service bank headquartered in Portland, Maine. We offer personal and business banking services to the Maine market via seven branches. Our National Lending Division purchases and originates commercial loans on a nationwide basis and our SBA division originates government-guaranteed SBA loans on a nationwide basis. ableBanking, a division of Northeast Bank, offers online savings products to consumers nationwide. Information regarding Northeast Bank can be found at www.northeastbank.com. Forward-Looking Statements Statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We may also make forward-looking statements in other documents we file with the Federal Deposit Insurance Corporation (&#34;FDIC&#34;), in our annual reports to our shareholders, in press releases and other written materials, and in oral statements made by our officers, directors, or employees. You can identify forward-looking statements by the use of the words “believe,” “expect,” “anticipate,” “intend,” “estimate,” “assume,” “outlook,” “will,” “should,” and other expressions that predict or indicate future events and trends and which do not relate to historical matters. Although the Bank believes that these forward-looking statements are based on reasonable estimates and assumptions, they are not guarantees of future performance and are subject to known and unknown risks, uncertainties, contingencies, and other factors. You should not place undue reliance on our forward-looking statements. You should exercise caution in interpreting and relying on forward-looking statements because they are subject to significant risks, uncertainties, and other factors which are, in some cases, beyond the Bank’s control. The Bank’s actual results could differ materially from those expressed or implied by such forward-looking statements as a result of, among other factors: changes in interest rates and real estate values; changes in employment levels, and general business and economic conditions on a national basis and in the local markets in which the Bank operates; changes in customer behavior due to changing business and economic conditions (including the impact of tariffs, inflation, and concerns about liquidity) or legislative or regulatory initiatives; the possibility that future credit losses are higher than currently expected due to changes in economic assumptions, customer behavior, or adverse economic developments; turbulence in the capital and debt markets; competitive pressures from other financial institutions; changes in loan defaults and charge-off rates; changes in the value of securities and other assets, adequacy of credit loss reserves, or deposit levels necessitating increased borrowing to fund loans and investments; changes in, and evolving interpretations of, existing and future laws, rules, and regulations; operational risks including, but not limited to, cybersecurity, fraud, natural disasters, climate change, and future pandemics; the risk that the Bank may not be successful in the implementation of its business strategy; the risk that intangibles recorded in the Bank’s financial statements will become impaired; changes in assumptions used in making such forward-looking statements; and the other risks and uncertainties detailed in the Bank’s Annual Report on Form 10-K, as updated in the Bank’s Quarterly Reports on Form 10-Q and other filings submitted to the FDIC. These statements speak only as of the date of this release and the Bank does not undertake any obligation to update or revise any of these forward-looking statements to reflect events or circumstances occurring after the date of this release or to reflect the occurrence of unanticipated events. For More Information: Santino Delmolino, Chief Financial Officer Northeast Bank, 27 Pearl Street, Portland, ME 04101 617.960.3634 www.northeastbank.com <img src="https://imageproxy.pbkrs.com/https://www.globenewswire.com/newsroom/ti/query-bmY9T1RZd05EQTFNeU0zTXpJMU1qQXdJekl3TWpBNE5Eaz0?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1" height="1" original-src="https://imageproxy.pbkrs.com/https://www.globenewswire.com/newsroom/ti/query-bmY9T1RZd05EQTFNeU0zTXpJMU1qQXdJekl3TWpBNE5Eaz0"/> <img src="https://imageproxy.pbkrs.com/https://ml.globenewswire.com/media/MTg0ZTg4ZjUtNDdmZC00ZTNmLTk0NTktYzhhOWQzMWFkZGUwLTEwMzIxODItMjAyNS0xMi0xNy1lbg==/tiny/Northeast-Bank.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1" height="1" original-src="https://imageproxy.pbkrs.com/https://ml.globenewswire.com/media/MTg0ZTg4ZjUtNDdmZC00ZTNmLTk0NTktYzhhOWQzMWFkZGUwLTEwMzIxODItMjAyNS0xMi0xNy1lbg==/tiny/Northeast-Bank.png"/></article></div>

Northeast Bank announced a significant loan purchase volume of approximately $525 million in commercial real estate loans since September 30, 2025. The purchases are expected to have minimal impact on earnings for the second fiscal quarter of 2026. CEO Rick Wayne highlighted the bank's strong position in the secondary loan market. The bank is well-positioned to capitalize on opportunities with a robust balance sheet and experienced team. Forward-looking statements caution about potential risks and uncertainties affecting future performance.

Northeast Bank Announces Significant Loan Purchase Volume | NBN Stock News