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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. )*
Northeast Bancorp.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
663904100
(CUSIP Number)
December 31, 2004
(Date of Event Which Requires Filing of this Statement)
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 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).
PERSONS WHO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM ARE
NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB CONTROL
NUMBER.
13G
CUSIP No. 082073 10 7 Page 2 of 5
1. Name of Reporting Person:
Nichols, James William D/B/A Nichols Investment Management
I.R.S. Identification Nos. of above persons (entities only):
04-3352585
2. Check the Appropriate Box if a Member of a Group:
(a) [ ]
(b) [ ]
3. SEC Use Only:
4. Citizenship or Place of Organization:
U.S.
Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
5. Sole Voting Power: 2,878
6. Shared Voting Power:
7. Sole Dispositive Power: 141,834
8. Shared Dispositive Power:
9. Aggregate Amount Beneficially Owned by Each Reporting Person:
141,834
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares:
[ ]
11. Percent of Class Represented by Amount in Row (9): 5.6%
12. Type of Reporting Person: IA
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ITEM 1(A). NAME OF ISSUER: NORTHEAST BANCORP.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 158 COURT STREET
Auburn, ME 04210
ITEM 2(A). NAME OF PERSONS FILING: NICHOLS, JAMES WILLIAM D/B/A NICHOLS
INVESTMENT MANAGEMENT
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
175 EXCHANGE STREET
P.O. Box 904 Bangor, ME 04402-0904
ITEM 2(C). CITIZENSHIP: U.S.
ITEM 2(D). TITLE AND CLASS OF SECURITIES: COMMON SHARES
ITEM 2(E). CUSIP NUMBER: 663904100
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ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR
13D-2(B), CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or dealer registered under Section 15 of the Act;
(b) [ ] Bank as defined in Section 3(a)(6) of the Act;
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act;
(d) [ ] Investment Company registered under Section 8 of the
Investment Company Act;
(e) [X] Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940;
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of
1974 or Endowment Fund;
(g) [ ] Parent Holding Company, in accordance with Rule
13d-1(b)(ii)(G);
(h) [ ] Group, in accordance with Rule 13d-1(b)(l)(ii)(H).
ITEM 4. OWNERSHIP .
(a) Amount beneficially owned: 141,834
(b) Percent of class: 5.6%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 2,878
(ii) Shared power to vote or to direct the vote:
(iii) Sole power to dispose or to direct the disposition of:
141,834
(iv) Shared power to dispose or to direct the disposition of:
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS .
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON .
138,956 shares reported in this schedule are owned by 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 . Not
applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP . Not
applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP . Not applicable
ITEM 10. CERTIFICATION .
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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.
Dated: June 7, 2005
Signed: /s/ James William Nichols
-------------------------
By: James William Nichols
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