----

----

----

----

|  | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|----------|-----------------------------------------------------------------------------------------|

|  | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|----------|------------------------------------------------------------------------------------------|

----

----

| New Jersey                                                    |   | 26-0065262             |
|---------------------------------------------------------------|--------|------------------------|
| (State or other jurisdiction ofincorporation or organization) |   | (IRS EmployerI.D. No.) |
|                                                          |   |
| 104-110 Avenue C Bayonne, New Jersey                          |   | 07002                  |
| (Address of principal executive offices)                      |   | (Zip Code)             |

----

|                              |   |   |         |                                |   |   |
|-----------------------------------|--------|--------|--------------|-------------------------------------|--------|--------|
| Large Accelerated Filer |   | o      |    | Accelerated Filer              |   | o      |
|                              |   |   |         |
| Non-Accelerated Filer             |   | o      |    | Smaller Reporting Company |   | x      |

----

----

----

INDEX

|                                                                                                                  | Page   |
|-----------------------------------------------------------------------------------------------------------------------|--------|
| PART I. CONSOLIDATED FINANCIAL INFORMATION                                                                       |   |
|                                                                                                                  |   |
| Item 1. Consolidated Financial Statements                                                                             |   |
|                                                                                                                  |   |
| Consolidated Statements of Financial Condition as of March 31, 2011 and December 31, 2010 (unaudited)                 | 1      |
|                                                                                                                  |   |
| Consolidated Statements of Income for the three months ended March 31, 2011 and March 31, 2010 (unaudited)            | 2      |
|                                                                                                                  |   |
| Consolidated Statement of Changes in Stockholders’ Equity for the three months ended March 31, 2011 (unaudited) | 3      |
|                                                                                                                  |   |
| Consolidated Statements of Cash Flows for the three months ended March 31, 2011 and March 31, 2010 (unaudited)        | 4      |
|                                                                                                                  |   |
| Notes to Unaudited Consolidated Financial Statements                                                                  | 5      |
|                                                                                                                  |   |
| Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations                   | 24     |
|                                                                                                                  |   |
| Item 3. Quantitative and Qualitative Disclosures about Market Risk                                                    | 27     |
|                                                                                                                  |   |
| Item 4T. Controls and Procedures                                                                                      | 28     |
|                                                                                                                  |   |
| PART II. OTHER INFORMATION                                                                                            | 29     |
|                                                                                                                  |   |
| Item 1. Legal Proceedings                                                                                        | 29     |
|                                                                                                                  |   |
| Item 1A. Risk Factors                                                                                            | 29     |
|                                                                                                                  |   |
| Item 2. Unregistered Sales of Equity Securities and Use of Proceeds                                              | 29     |
|                                                                                                                  |   |
| Item 3. Defaults Upon Senior Securities                                                                          | 29     |
|                                                                                                                  |   |
| Item 4. Removed and Reserved                                                                                     | 29     |
|                                                                                                                  |   |
| Item 5. Other Information                                                                                        | 29     |
|                                                                                                                  |   |
| Item 6. Exhibits                                                                                                 | 29     |

----

Index

BCB BANCORP 

|                                                                                                                                                                              |    | March 31, 2011 |      |         | December 31, 2010 |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------|--------------------------|-----------|--------------|-----------------------------|--------|
|                                                                                                                                                                              |         |                     |
| ASSETS                                                                                                                                                                            |    |                     |      |         |                        |   |   |   |
| Cash and amounts due from depository institutions                                                                                                                                 |    | $                        | 23,975    |    |                        | $      | 22,065 |    |
| Interest-earning deposits                                                                                                                                                         |    |                     | 42,248    |    |                        |   | 99,062 |    |
|                                                                                                                                                                              |    |                     |      |         |                        |   |   |   |
| Total Cash and Cash equivalents                                                                                                                                                   |    |                     | 66,223    |    |                        |   | 121,127 |    |
|                                                                                                                                                                              |    |                     |      |         |                        |   |   |   |
|                                                                                                                                                                              |         |                     |
| Securities available for sale                                                                                                                                                     |    |                     | 1,257     |    |                        |   | 1,098 |    |
| Securities held to maturity, fair value $227,508 and $166,785; respectively                                                                                                       |    |                     | 226,208   |    |                        |   | 165,572 |    |
| Loans held for sale                                                                                                                                                               |    |                     | 1,739     |    |                        |   | 5,572 |    |
| Loans receivable, net of allowance for loan losses of $8,387 and $8,417; respectively                                                                                             |    |                     | 765,397   |    |                        |   | 773,101 |    |
| Premises and equipment                                                                                                                                                            |    |                     | 12,625    |    |                        |   | 11,359 |    |
| Property held for sale                                                                                                                                                            |    |                     | 1,017     |    |                        |   | 1,017 |   |
| Federal Home Loan Bank of New York stock                                                                                                                                          |    |                     | 6,723     |    |                        |   | 6,723 |    |
| Interest receivable                                                                                                                                                               |    |                     | 5,587     |    |                        |   | 5,203 |    |
| Real estate owned                                                                                                                                                                 |    |                     | 3,431     |    |                        |   | 3,602 |    |
| Deferred income taxes                                                                                                                                                             |    |                     | 5,842     |    |                        |   | 5,785 |   |
| Other assets                                                                                                                                                                      |    |                     | 3,818     |    |                        |   | 6,729 |    |
|                                                                                                                                                                              |    |                     |      |         |                        |   |   |   |
| Total Assets                                                                                                                                                                      |    | $                        | 1,099,867 |    |                        | $      | 1,106,888 |    |
|                                                                                                                                                                              |    |                     |      |         |                        |   |   |   |
|                                                                                                                                                                              |         |                     |
| LIABILITIES AND STOCKHOLDERS’ EQUITY                                                                                                                                        |    |                     |      |         |                        |   |   |   |
|                                                                                                                                                                              |         |                     |
| LIABILITIES                                                                                                                                                                       |    |                     |      |         |                        |   |   |   |
| Non-interest bearing deposits                                                                                                                                                     |    | $                        | 70,941    |    |                        | $      | 69,471 |    |
| Interest bearing deposits                                                                                                                                                         |    |                     | 807,930   |    |                        |   | 816,817 |    |
|                                                                                                                                                                              |    |                     |      |         |                        |   |   |   |
| Total deposits                                                                                                                                                                    |    |                     | 878,871   |    |                        |   | 886,288 |    |
| Long-term debt                                                                                                                                                                    |    |                     | 114,124   |    |                        |   | 114,124 |    |
| Other Liabilities                                                                                                                                                                 |    |                     | 6,891     |    |                        |   | 7,502 |    |
|                                                                                                                                                                              |    |                     |      |         |                        |   |   |   |
| Total Liabilities                                                                                                                                                                 |    |                     | 999,886   |    |                        |   | 1,007,914 |    |
|                                                                                                                                                                              |    |                     |      |         |                        |   |   |   |
|                                                                                                                                                                              |         |                     |
| STOCKHOLDERS’ EQUITY                                                                                                                                                        |    |                     |      |         |                        |   |   |   |
| Common stock, stated value $0.064; 20,000,000 shares authorized; 10,163,914 and 10,144,830 shares respectively, issued; 9,397,647 and 9,383,695 shares, respectively, outstanding |    |                     | 649       |    |                        |   | 649 |    |
| Paid-in capital                                                                                                                                                                   |    |                     | 85,499    |    |                        |   | 85,327 |    |
| Treasury stock, at cost, 766,267 and 761,135 shares, respectively                                                                                                                 |    |                     | (10,814   | )       |                        |   | (10,760 | )  |
| Retained Earnings                                                                                                                                                                 |    |                     | 24,546    |    |                        |   | 23,753 |    |
| Accumulated other comprehensive income                                                                                                                                            |    |                     | 101       |    |                        |   | 5 |    |
|                                                                                                                                                                              |    |                     |      |         |                        |   |   |   |
| Total Stockholders’ equity                                                                                                                                                  |    |                     | 99,981    |    |                        |   | 98,974 |    |
|                                                                                                                                                                              |    |                     |      |         |                        |   |   |   |
|                                                                                                                                                                              |         |                     |
| Total Liabilities and Stockholders’ equity                                                                                                                                  |    | $                        | 1,099,867 |    |                        | $      | 1,106,888 |    |

----

Index

BCB BANCORP 

|                                                            | Three Months Ended March 31, |   |
|-----------------------------------------------------------------|--------------------------------------------------|--------|
|                                                            | 2011                                             |   |   | 2010 |   |
| Interest income:                                                |                                             |   |   |   |   |   |
| Loans                                                           |                                             | $      | 11,261 |   |   | $ | 6,437 |   |
| Investments, taxable                                            |                                             |   | 1,753 |   |   |   | 1,504 |   |
| Investments, non-taxable                                        |                                             |   | 12 |   |   |   | - |   |
| Other interest-earning assets                                   |                                             |   | 28 |   |   |   | 19 |   |
|                                                            |                                             |   |   |   |   |   |   |   |
| Total interest income                                           |                                             |   | 13,054 |   |   |   | 7,960 |   |
|                                                            |                                             |   |   |   |   |   |   |   |
| Interest expense:                                               |                                             |   |   |   |   |   |   |   |
| Deposits:                                                       |                                             |   |   |   |   |   |   |   |
| Demand                                                          |                                             |   | 225 |   |   |   | 212 |   |
| Savings and club                                                |                                             |   | 269 |   |   |   | 272 |   |
| Certificates of deposit                                         |                                             |   | 1,667 |   |   |   | 1,513 |   |
|                                                            |                                             |   |   |   |   |   |   |   |
|                                                            |                                             |   | 2,161 |   |   |   | 1,997 |   |
|                                                            |                                             |   |   |   |   |   |   |   |
| Borrowed money                                                  |                                             |   | 1,221 |   |   |   | 1,221 |   |
|                                                            |                                             |   |   |   |   |   |   |   |
| Total interest expense                                          |                                             |   | 3,382 |   |   |   | 3,218 |   |
|                                                            |                                             |   |   |   |   |   |   |   |
| Net interest income                                             |                                             |   | 9,672 |   |   |   | 4,742 |   |
| Provision for loan losses                                       |                                             |   | 350 |   |   |   | 450 |   |
|                                                            |                                             |   |   |   |   |
| Net interest income after provision for loan losses             |                                             |   | 9,322 |   |   |   | 4,292 |   |
|                                                            |                                             |   |   |   |   |   |   |   |
| Non-interest income:                                            |                                             |   |   |   |   |   |   |   |
| Fees and service charges                                        |                                             |   | 219 |   |   |   | 160 |   |
| Gain on sales of loans originated for sale                      |                                             |   | 178 |   |   |   | 72 |   |
| Loss on sale of real estate owned                               |                                             |   | (80 | ) |   |   | — |   |
| Other                                                           |                                             |   | 136 |   |   |   | 9 |   |
|                                                            |                                             |   |   |   |   |   |   |   |
| Total non-interest income                                       |                                             |   | 453 |   |   |   | 241 |   |
|                                                            |                                             |   |   |   |   |   |   |   |
| Non-interest expense:                                           |                                             |   |   |   |   |   |   |   |
| Salaries and employee benefits                                  |                                             |   | 3,007 |   |   |   | 1,367 |   |
| Occupancy expense of premises                                   |                                             |   | 779 |   |   |   | 287 |   |
| Equipment                                                       |                                             |   | 1,023 |   |   |   | 554 |   |
| Professional fees                                               |                                             |   | 203 |   |   |   | 132 |   |
| Directors fees                                                  |                                             |   | 119 |   |   |   | 106 |   |
| Regulatory assessments                                          |                                             |   | 438 |   |   |   | 173 |   |
| Advertising                                                     |                                             |   | 72 |   |   |   | 67 |   |
| Merger related expenses                                         |                                             |   | - |   |   |   | 200 |   |
| Other                                                           |                                             |   | 988 |   |   |   | 383 |   |
|                                                            |                                             |   |   |   |   |   |   |   |
| Total non-interest expense                                      |                                             |   | 6,629 |   |   |   | 3,269 |   |
|                                                            |                                             |   |   |   |   |
| Income before income tax provision                              |                                             |   | 3,146 |   |   |   | 1,264 |   |
| Income tax provision                                            |                                             |   | 1,225 |   |   |   | 546 |   |
|                                                            |                                             |   |   |   |   |   |   |   |
| Net Income                                                      |                                             | $      | 1,921 |   |   | $ | 718 |   |
|                                                            |                                             |   |   |   |   |   |   |   |
| Net Income per common share - basic and diluted  |                                             |   |   |   |   |   |   |   |
|                                                            |                                             |   |   |   |   |   |   |   |
| Basic                                                           |                                             | $      | 0.20 |   |   | $ | 0.15 |   |
| Diluted                                                         |                                             | $      | 0.20 |   |   | $ | 0.15 |   |
| Weighted average number of common shares outstanding            |                                             |   |   |   |   |   |   |   |
| Basic                                                           |                                             |   | 9,393 |   |   |   | 4,662 |   |
| Diluted                                                         |                                             |   | 9,413 |   |   |   | 4,678 |   |

----

Index

BCB BANCORP 

|                                                                                  |    | Common Stock |    |    | Additional Paid-In Capital |   |    | Treasury Stock |         |   | Retained Earnings |         |   | Accumulated Other Comprehensive Income |    |         | Total  |   |
|---------------------------------------------------------------------------------------|--------------|-------------------|---------|--------------|--------------------------------------|--------|--------------|---------------------|--------------|--------|------------------------|--------------|--------|-------------------------------------------------------|---------|--------------|--------|--------|
| Balance at December 31, 2010                                                     |    | $                 | 649     |    |                            | $      | 85,327       |           |    | $      | (10,760                | )       |   | $                                                     | 23,753  |    |   | $      | 5 |    |   | $ | 98,974 |    |
|                                                                                  |         |              |    |         |                                 |   |
| Exercise of Stock Options (19,084 shares)                                             |    |              | — |    |                            |   | 172          |           |    |   | —                |    |   |                                                  | — |    |   |   | — |    |   |   | 172 |    |
|                                                                                  |         |              |    |         |                                 |   |
| Treasury Stock Purchases (5,132 shares)                                               |    |              | — |    |                            |   | —      |           |    |   | (54                    | )       |   |                                                  | — |    |   |   | — |    |   |   | (54 | )  |
|                                                                                  |         |              |    |         |                                 |   |
| Cash dividend ($0.12 per share) declared                                              |    |              | — |    |                            |   | —      |           |    |   | —                |    |   |                                                  | (1,128  | )       |   |   | — |    |   |   | (1,128 | )  |
|                                                                                  |         |              |    |         |                                 |   |
| Net income for the three months endedMarch 31, 2011                              |    |              | — |    |                            |   | —      |           |    |   | —                |    |   |                                                  | 1,921   |    |   |   | — |    |   |   | 1,921 |    |
|                                                                                  |         |              |    |         |                                 |   |
| Unrealized gain on securities available for sale, net of deferred income tax of $(64) |    |              | — |    |                            |   | —      |           |    |   | —                |    |   |                                                  | — |    |   |   | 96 |   |   |   | 96 |   |
|                                                                                  |    |              |    |         |                            |   |         |                |    |   |                   |         |   |                                                  |    |         |   |   |   |   |   |   |   |   |
| Total Comprehensive income                                                            |    |              | — |    |                            |   | —      |           |    |   | —                |    |   |                                                  | — |    |   |   | — |    |   |   | 2,017 |    |
|                                                                                  |    |              |    |         |                            |   |         |                |    |   |                   |         |   |                                                  |    |         |   |   |   |   |   |   |   |   |
| Balance at March 31, 2011                                                        |    | $                 | 649     |    |                            | $      | 85,499       |           |    | $      | (10,814                | )       |   | $                                                     | 24,546  |    |   | $      | 101 |    |   | $ | 99,981 |    |

----

Index

BCB BANCORP 

|                                                                              |    | Three Months Ended March 31, |                |
|-----------------------------------------------------------------------------------|--------------|-----------------------------------|---------------------|
|                                                                              |    | 2011                              |                |   | 2010 |   |
| Cash flows from operating activities:                                             |    |                              |                |   |   |   |   |   |
| Net Income                                                                        |    | $                                 | 1,921               |    |   | $ | 718 |    |
| Adjustments to reconcile net income to net cash provided by operating activities: |    |                              |                |   |   |   |   |   |
| Depreciation                                                                      |    |                              | 250                 |    |   |   | 93 |    |
| Amortization and accretion, net                                                   |    |                              | 437                 |    |   |   | 264 |    |
| Provision for loan losses                                                         |    |                              | 350                 |    |   |   | 450 |    |
| Deferred income tax                                                               |    |                              | (121                | )  |   |   | (7 | )  |
| Loans originated for sale                                                         |    |                              | (6,102              | )  |   |   | (6,425 | )  |
| Proceeds from sale of loans originated for sale                                   |    |                              | 8,822               |    |   |   | 6,806 |    |
| (Gain) on sale of loans originated for sale                                       |    |                              | (178                | )  |   |   | (72 | )  |
| Loss on sale of real estate owned                                                 |    |                              | 80                  |    |   |   | —  |   |
| (Increase) in interest receivable                                                 |    |                              | (384                | )  |   |   | (285 | )  |
| Decrease in other assets                                                          |    |                              | 2,911               |    |   |   | 406 |   |
| (Decrease) in accrued interest payable                                            |    |                              | (4                  | )  |   |   | (45 | )  |
| (Decrease) in other liabilities                                                   |    |                              | (607                | ) |   |   | (443) |    |
|                                                                              |         |                              |
| Net cash provided by operating activities                                         |    |                              | 7,375               |   |   |   | 1,460 |    |
|                                                                              |    |                              |                |   |   |   |   |   |
|                                                                              |         |                              |
| Cash flows from investing activities:                                             |    |                              |                |   |   |   |   |   |
| Purchase of Federal Home Loan Bank of New York stock                              |    |                              | —             |    |   |   | (1) |    |
| Proceeds from calls of securities held to maturity                                |    |                              | 7,772               |    |   |   | 22,700 |    |
| Purchases of securities held to maturity                                          |    |                              | (78,621             | )  |   |   | (22,411 | )  |
| Proceeds from repayments on securities held to maturity                           |    |                              | 9,703               |    |   |   | 2,384 |    |
| Proceeds from sales of participation interest in loans                            |    |                              | 1,366               |    |   |   | — |   |
| Proceeds from sale of real estate owned                                           |    |                              | 443                 |    |   |   | 263 |    |
| Purchases of  loans                                                     |         |                              | (835)               |    |   |   | — |   |
| Net decrease in loans receivable                                                  |    |                              | 7,841               |    |   |   | 9,285 |   |
| Improvements to other real estate owned                                           |    |                              | (5)                 |   |   |   | (13 | )  |
| Additions to premises and equipment                                               |    |                              | (1,516              | )  |   |   | (26 | )  |
|                                                                              |    |                              |                |   |   |   |   |   |
| Net cash (used in) provided by investing activities                               |    |                              | (53,852)            |    |   |   | 12,181 |   |
|                                                                              |    |                              |                |   |   |   |   |   |
|                                                                              |         |                              |
| Cash flows from financing activities:                                             |    |                              |                |   |   |   |   |   |
| Net increase in deposits                                                          |    |                              | (7,417)             |    |   |   | 10,485 |    |
| Purchases of treasury stock                                                       |    |                              | (54                 | )  |   |   | (3 | )  |
| Cash dividend paid                                                                |    |                              | (1,128              | )  |   |   | (559 | )  |
| Exercise of stock options                                                         |    |                              | 172                 |    |   |   | 31 |    |
|                                                                              |    |                              |                |   |   |   |   |   |
| Net cash (used in) provided by financing activities                               |    |                              | (8,427              | )  |   |   | 9,954 |    |
|                                                                              |    |                              |                |   |   |   |   |   |
|                                                                              |         |                              |
| Net (decrease) increase in cash and cash equivalents                              |    |                              | (54,904)            |    |   |   | 23,595 |    |
| Cash and cash equivalents-beginning                                               |    |                              | 121,127             |    |   |   | 67,347 |    |
|                                                                              |    |                              |                |   |   |   |   |   |
|                                                                              |         |                              |
| Cash and cash equivalents-ending                                                  |    | $                                 | 66,223              |    |   | $ | 90,942 |    |
|                                                                              |    |                              |                |   |   |   |   |   |
|                                                                              |         |                              |
| Supplemental disclosure of cash flow information:                                 |    |                              |                |   |   |   |   |   |
| Cash paid during the year for:                                                    |    |                              |                |   |   |   |   |   |
| Income taxes                                                                      |    | $                                 | —   |    |   | $ | 2 |    |
| Interest                                                                          |    | $                                 | 3,386               |    |   | $ | 3,263 |    |
|                                                                              |         |                              |
| Non-cash items:                                                                   |    |                              |                |   |   |   |   |   |
| Transfer of loans to other real estate owned                                      |    | $                                 | 450                 |    |   | $ | 936 |    |
| Loans to facilitate sale of other real estate owned                               |    | $                                 | 103                 |    |   | $ | —  |   |
| Reclassification of loans originated for sale to held to maturity                 |    | $                                 | 1,291               |    |   | $ |  —   |    |

----

Index

BCB Ban

----

Index

|                             |    | Three months ended March 31, 2011 |   |         | Three Months endedMarch 31, 2010 |   |
|----------------------------------|--------------|-------------------------------------------------------|--------|--------------|----------------------------------|--------|
|                             |         |                                                  |
| Pension plan:                    |    |                                                  |   |         |                             |   |   |   |
| Interest cost                    |    | $                                                     | 117    |    |                             | $      | - |    |
| Expected return on plan assets   |    |                                                  | (94    | )       |                             |   | - |   |
|                             |    |                                                  |   |         |                             |   |   |   |
|                             |         |                                                  |
| Net periodic pension cost        |    | $                                                     | 23     |    |                             | $      | - |    |
|                             |    |                                                  |   |         |                             |   |   |   |
|                             |         |                                                  |
| SERP plan:                       |    |                                                  |   |         |                             |   |   |   |
| Interest cost                    |    | $                                                     | 7      |    |                             | $      | - |    |
|                             |    |                                                  |   |         |                             |   |   |   |
|                             |         |                                                  |
| Net periodic postretirement cost |    | $                                                     | 7      |    |                             | $      | - |    |

----

Index

|                                     |    | March 31, 2011 |   |
|------------------------------------------|--------------|---------------------|--------|
|                                     |    | Cost                |   |    | Gross Unrealized Gains |   |    | Gross Unrealized Losses |   |    | Fair Value |   |
|                                     |    | (In Thousands)      |   |
|                                     |         |                |   |   |
| Equity Securities-Financial Institutions |    | $                   | 1,097  |    |    | $ | 160 |    |    | $ | — |    |    | $ | 1,257 |    |

|                                     |    | December 31, 2010 |   |
|------------------------------------------|--------------|-------------------|--------|
|                                     |    | Cost              |   |    | Gross Unrealized Gains |   |    | Gross Unrealized Losses |   |    | Fair Value |   |
|                                     |    | (In Thousands)    |   |
|                                     |         |              |   |   |
| Equity Securities-Financial Institutions |    | $                 | 1,097  |    |    | $ | 32 |    |    | $ | 31 |    |    | $ | 1,098 |    |

|                                       |    | Less than 12 Months |           |    | More than 12 Months |   |      | Total           |         |
|--------------------------------------------|--------------|------------------------------------|----------------|--------------|------------------------------------|--------|----------------|-----------------|--------------|
|                                       |    | Fair Value                    |           |    | Unrealized Losses             |   |      | Fair Value |         |    | Unrealized Losses |   |    | Fair Value |   |    | Unrealized Losses |   |
|                                       |    | (In Thousands)                     |           |
| March 31, 2011                        |    |                               |           |         |                          |   |           |            |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |
| Equity Securities - Financial Institutions |    | $                                  | —        |    |                          | $      | —        |       |    | $ | —   |    |    | $ | —   |    |    | $ | — |    |    | $ | — |    |
|                                       |    |                               |           |         |                          |   |           |            |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |
| December 31, 2010                     |    |                               |           |         |                          |   |           |            |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |
| Equity Securities - Financial Institutions |    | $                                  | 65   |    |                          | $      | 31   |       |    | $ | — |    |    | $ | — |    |    | $ | 65 |    |    | $ | 31 |    |

----

Index

|                                    |    | March 31, 2011 |    |
|-----------------------------------------|--------------|---------------------|---------|
|                                    |    | Amortized Cost |    |    | Gross Unrealized Gains |   |    | Gross Unrealized Losses |   |    | Fair Value |   |
|                                    |    | (In Thousands)      |    |
|                                    |         |                |    |   |
| U.S. Government Agencies:               |    |                |    |   |    |   |   |   |    |   |   |   |    |   |   |   |
| Due within one year                     |    | $                   | 3,315   |    |    | $ | 151 |    |    | $ | —   |    |    | $ | 3,466 |    |
| Due after ten years                     |    |                | 35,110  |    |    |   | 81 |    |    |   | 68 |    |    |   | 35,123 |    |
|                                    |    |                |    |   |    |   |   |   |    |   |   |   |    |   |   |   |
|                                    |    |                | 38,425  |    |    |   | 232 |    |    |   | 68 |    |    |   | 38,589 |    |
|                                    |    |                |    |   |    |   |   |   |    |   |   |   |    |   |   |   |
| Residential mortgage-backed securities: |    |                |    |   |    |   |   |   |    |   |   |   |    |   |   |   |
| Due within one year                     |    | $                   | 1       |    |    | $ | —   |    |    | $ | —   |    |    | $ | 1 |    |
| Due after one year through five years   |    |                | 679     |    |    |   | 18   |    |    |   | — |    |    |   | 697 |    |
| Due after five years through ten years  |    |                | 49,679  |    |    |   | 365 |    |    |   | 146 |    |    |   | 49,898 |    |
| Due after ten years                     |    |                | 129,647 |    |    |   | 1,514 |    |    |   | 623 |    |    |   | 130,538 |    |
|                                    |    |                |    |   |    |   |   |   |    |   |   |   |    |   |   |   |
|                                    |    |                | 180,006 |    |    |   | 1,897 |    |    |   | 769 |    |    |   | 181,134 |    |
|                                    |    |                |    |   |    |   |   |   |    |   |   |   |    |   |   |   |
| Subordinated notes:                     |    |                |    |   |    |   |   |   |    |   |   |   |    |   |   |   |
| Due within one year                     |    | $                   | 6,000   |    |    | $ | —   |    |    | $ | —   |    |    | $ | 6,000 |    |
| Due after ten years                     |    |                | 403     |    |    |   | 1 |    |    |   | —   |    |    |   | 404 |    |
|                                    |         |                |    |   |
| Municipal obligations:                  |    |                |    |   |    |   |   |   |    |   |   |   |    |   |   |   |
| Due after ten years                     |    |                | 1,374   |    |    |   | 7 |    |    |   | —   |    |    |   | 1,381 |    |
|                                    |    |                |    |   |    |   |   |   |    |   |   |   |    |   |   |   |
|                                    |    |                | 7,777   |    |    |   | 8 |    |    |   | —   |    |    |   | 7,785 |    |
|                                    |    |                |    |   |    |   |   |   |    |   |   |   |    |   |   |   |
|                                    |    | $                   | 226,208 |    |    | $ | 2,137 |    |    | $ | 837 |    |    | $ | 227,508 |    |

----

Index

|                                    |    | December 31, 2010 |    |
|-----------------------------------------|--------------|------------------------|---------|
|                                    |    | Amortized Cost    |    |    | Gross Unrealized Gains |   |    | Gross Unrealized Losses |   |    | Fair Value |   |
|                                    |    | (In Thousands)         |    |
|                                    |         |                   |    |   |
| U.S. Government Agencies:               |    |                   |    |   |    |   |   |   |    |   |   |   |    |   |   |   |
| Due after one through five years        |    | $                      | 3,315   |    |    | $ | 180 |    |    | $ | —   |    |    | $ | 3,495 |    |
| Due after ten years                     |    |                   | 27,523  |    |    |   | 14 |    |    |   | 62 |    |    |   | 27,475 |    |
|                                    |    |                   |    |   |    |   |   |   |    |   |   |   |    |   |   |   |
|                                    |         |                   |    |   |
|                                    |    |                   | 30,838  |    |    |   | 194 |    |    |   | 62 |    |    |   | 30,970 |    |
|                                    |    |                   |    |   |    |   |   |   |    |   |   |   |    |   |   |   |
| Residential mortgage-backed securities: |    |                   |    |   |    |   |   |   |    |   |   |   |    |   |   |   |
| Due within one year                     |    | $                 | 6       |    |    | $  | —   |    |    | $  | —   |    |    | $  | 6 |    |
| Due after one year through five years   |    |                   | 775     |    |    |   | 24 |    |    |   | 1 |    |    |   | 798 |    |
| Due after five years through ten years  |    |                   | 54,629  |    |    |   | 374 |    |    |   | 357 |    |    |   | 54,646 |    |
| Due after ten years                     |    |                   | 71,545  |    |    |   | 1,552 |    |    |   | 493 |    |    |   | 72,604 |    |
|                                    |    |                   |    |   |    |   |   |   |    |   |   |   |    |   |   |   |
|                                    |         |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                    |    |                   | 126,955 |    |    |   | 1,950 |    |    |   | 851 |    |    |   | 128,054 |    |
|                                    |    |                   |    |   |    |   |   |   |    |   |   |   |    |   |   |   |
| Subordinated notes:                     |    |                   |    |   |    |   |   |   |    |   |   |   |    |   |   |   |
| Due within one year                     |    | $                 | 6,000   |   |   | $  | —   |    |    | $  | — |    |    | $  | 6,000 |    |
| Municipal obligations:                  |    |                   |    |   |    |   |   |   |    |   |   |   |    |   |   |   |
| Due after ten years                     |    |                   | 1,376   |   |   |   | —   |    |    |   | 21 |    |    |   | 1,355 |   |
| Trust originated preferred security:    |    |                   |    |   |    |   |   |   |    |   |   |   |    |   |   |   |
| Due after ten years                     |    |                   | 403     |   |   |   | 3   |    |    |   | — |    |    |   | 406 |   |
|                                    |         |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                    |    | $                      | 165,572 |    |    | $ | 2,147 |    |    | $ | 934 |    |    | $ | 166,785 |    |

----

Index

|                                   |    | Less than 12 Months |    |    | More than 12 Months |   |    | Total           |         |
|----------------------------------------|--------------|---------------------|---------|--------------|------------------------------------|--------|--------------|-----------------|--------------|
|                                   |    | Fair Value     |    |    | Unrealized Losses             |   |    | Fair Value |         |    | Unrealized Losses |   |    | Fair Value |   |    | Unrealized Losses |   |
|                                   |    | (In Thousands)      |    |
| March 31, 2011                    |    |                |    |         |                          |   |         |            |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |
| U.S. Government Agencies               |    | $                   | 16,440  |    |                          | $      | 68           |       |    | $ | —   |    |    | $ | —   |    |    | $ | 16,440 |    |    | $ | 68 |    |
| Residential mortgage-backed securities |    |                | 97,300  |    |                          |   | 769          |       |    |   | —   |    |    |   | —   |    |    |   | 97,300 |    |    |   | 769 |    |
|                                   |    |                |    |         |                          |   |         |            |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |
|                                   |    | $                   | 113,740 |    |                          | $      | 837          |       |    | $ | —   |    |    | $ | —   |    |    | $ | 113,740 |    |    | $ | 837 |    |
|                                   |    |                |    |         |                          |   |         |            |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |
|                                   |         |                |    |         |                               |   |
| December 31, 2010                 |    |                |    |         |                          |   |         |            |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |
| U.S. Government Agencies               |    | $                   | 20,328  |    |                          | $      | 62           |       |    | $ | —   |    |    | $ | —   |    |    | $ | 20,328 |    |    | $ | 62 |    |
| Residential mortgage-backed securities |    |                | 74,899  |    |                          |   | 851          |       |    |   | —   |    |    |   | —   |    |    |   | 74,899 |    |    |   | 851 |    |
| Municipal obligations                  |    |                | 1,355   |    |                          |   | 21           |       |    |   | —   |    |    |   | —   |    |    |   | 1,355 |    |    |   | 21 |   |
|                                   |    |                |    |         |                          |   |         |            |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |
|                                   |    | $                   | 96,582  |    |                          | $      | 934          |       |    | $ | —   |    |    | $ | —   |    |    | $ | 96,582 |    |    | $ | 934 |    |

----

Index

|   | · | General economic conditions. |
|--------|--------|------------------------------|

|   | · | Trends in charge-offs. |
|--------|--------|------------------------|

|   | · | Trends and levels of delinquent loans. |
|--------|--------|----------------------------------------|

|   | · | Trends and levels of non-performing loans, including loans over 90 days delinquent. |
|--------|--------|-------------------------------------------------------------------------------------|

|   | · | Trends in volume and terms of loans. |
|--------|--------|--------------------------------------|

|   | · | Levels of allowance for specific classified loans. |
|--------|--------|----------------------------------------------------|

|   | · | Credit concentrations. |
|--------|--------|------------------------|

----

Index

|                                                               |   | Residential |    |   | Commercial & Multi-family |   |    | Construction |   |   | Commercial Business (1) |   |   | Homeequity (2) |   |   | Consumer |   |   | Unallocated |   |   | Total  |   |
|--------------------------------------------------------------------|--------|-------------|---------|--------|------------------------------------|--------|---------|--------------|--------|--------|-------------------------|--------|--------|----------------|--------|--------|----------|--------|--------|-------------|--------|--------|--------|--------|
| Allowance for credit losses:                                       |   |        |    |   |                               |   |    |         |   |   |                    |   |   |           |   |   |     |   |   |        |   |   |   |   |
|                                                               |   |        |    |   |                               |   |    |         |   |   |                    |   |   |           |   |   |     |   |   |        |   |   |   |   |   |   |   |   |   |   |   |   |
| Beginning balance                                                  |   | $           | 171     |   |                               | $      | 6,179   |         |   | $      | 426                     |   |   | $              | 1,286  |   |     | $      | 204    |        |   | $      | 18     |   |   | $ | 133 |   |   | $ | 8,417 |   |
|                                                               |   |        |    |   |                               |   |    |         |   |   |                    |   |   |           |   |   |     |   |   |        |   |   |   |   |   |   |   |   |   |   |   |   |
| Charge-offs                                                        |   | $           | -       |   |                               | $      | 380     |         |   | $      | -                       |   |   | $              | -      |   |     | $      | -      |        |   | $      | -      |   |   | $ | - |   |   | $ | 380 |   |
|                                                               |   |        |    |   |                               |   |    |         |   |   |                    |   |   |           |   |   |     |   |   |        |   |   |   |   |   |   |   |   |   |   |   |   |
| Recoveries                                                         |   | $           | -       |   |                               | $      | -       |         |   | $      | -                       |   |   | $              | -      |   |     | $      | -      |        |   | $      | -      |   |   | $ | - |   |   | $ | - |   |
|                                                               |   |        |    |   |                               |   |    |         |   |   |                    |   |   |           |   |   |     |   |   |        |   |   |   |   |   |   |   |   |   |   |   |   |
| Provisions                                                         |   | $           | 50      |   |                               | $      | -       |         |   | $      | 38                      |   |   | $              | 248    |   |     | $      | 2      |        |   | $      | -      |   |   | $ | 12 |   |   | $ | 350 |   |
|                                                               |   |        |    |   |                               |   |    |         |   |   |                    |   |   |           |   |   |     |   |   |        |   |   |   |   |   |   |   |   |   |   |   |   |
| Ending balance                                                     |   | $           | 221     |   |                               | $      | 5,799   |         |   | $      | 464                     |   |   | $              | 1,534  |   |     | $      | 206    |        |   | $      | 18     |   |   | $ | 145 |   |   | $ | 8,387 |   |
|                                                               |   |        |    |   |                               |   |    |         |   |   |                    |   |   |           |   |   |     |   |   |        |   |   |   |   |   |   |   |   |   |   |   |   |
| Ending balance: individually evaluated for impairment              |   | $           | 15      |   |                               | $      | 627     |         |   | $      | -                       |   |   | $              | 430    |   |     | $      | 2      |        |   | $      | -      |   |   | $ | - |   |   | $ | 1,074 |   |
|                                                               |   |        |    |   |                               |   |    |         |   |   |                    |   |   |           |   |   |     |   |   |        |   |   |   |   |   |   |   |   |   |   |   |   |
| Ending balance: collectively evaluated for impairment              |   | $           | 206     |   |                               | $      | 5,172   |         |   | $      | 464                     |   |   | $              | 1,104  |   |     | $      | 204    |        |   | $      | 18     |   |   | $ | 145 |   |   | $ | 7,313 |   |
|                                                               |   |        |    |   |                               |   |    |         |   |   |                    |   |   |           |   |   |     |   |   |        |   |   |   |   |   |   |   |   |   |   |   |   |
| Ending balance: loans acquired with deteriorated credit quality    |   | $           | -       |   |                               | $      | -       |         |   | $      | -                       |   |   | $              | -      |   |     | $      | -      |        |   | $      | -      |   |   | $ | - |   |   | $ | - |   |
|                                                               |   |        |    |   |                               |   |    |         |   |   |                    |   |   |           |   |   |     |   |   |        |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans receivables:                                                 |   |        |    |   |                               |   |    |         |   |   |                    |   |   |           |   |   |     |   |   |        |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                               |   |        |    |   |                               |   |    |         |   |   |                    |   |   |           |   |   |     |   |   |        |   |   |   |   |   |   |   |   |   |   |   |   |
| Ending balance                                                     |   | $           | 229,349 |   |                               | $      | 400,388 |         |   | $      | 17,060                  |   |   | $              | 65,236 |   |     | $      | 60,804 |        |   | $      | 1,474  |   |   | $ | - |   |   | $ | 774,311 |   |
|                                                               |   |        |    |   |                               |   |    |         |   |   |                    |   |   |           |   |   |     |   |   |        |   |   |   |   |   |   |   |   |   |   |   |   |
| Ending balance: individually evaluated for impairment              |   | $           | 926     |   |                               | $      | 32,560  |         |   | $      | 2,910                   |   |   | $              | 2,811  |   |     | $      | 404    |        |   | $      | -      |   |   | $ | - |   |   | $ | 39,611 |   |
|                                                               |   |        |    |   |                               |   |    |         |   |   |                    |   |   |           |   |   |     |   |   |        |   |   |   |   |   |   |   |   |   |   |   |   |
| Ending balance: collectively evaluated for impairment              |   | $           | 41,901  |   |                               | $      | 241,072 |         |   | $      | 12,462                  |   |   | $              | 52,583 |   |     | $      | 28,442 |        |   | $      | 230    |   |   | $ | - |   |   | $ | 376,690 |   |
|                                                               |   |        |    |   |                               |   |    |         |   |   |                    |   |   |           |   |   |     |   |   |        |   |   |   |   |   |   |   |   |   |   |   |   |
| Ending balance: loans acquired with deteriorated credit quality(3) |   | $           | 186,522 |   |                               | $      | 126,756 |         |   | $      | 1,688                   |   |   | $              | 9,842  |   |     | $      | 31,958 |        |   | $      | 1,244  |   |   | $ | - |   |   | $ | 358,010 |   |

----

Index

|                                                               |   | Residential |    |   | Commercial & Multi-family |   |    | Construction |   |   | Commercial Business (1) |   |   | Home equity (2) |   |   | Consumer |   |   | Unallocated |   |   | Total  |   |
|--------------------------------------------------------------------|--------|-------------|---------|--------|------------------------------------|--------|---------|--------------|--------|--------|-------------------------|--------|--------|-----------------|--------|--------|----------|--------|--------|-------------|--------|--------|--------|--------|
|                                                               |   |        |    |   |                               |   |    |         |   |   |                    |   |   |            |   |   |     |   |   |        |   |   |   |   |
| Allowance for credit losses:                                       |   |        |    |   |                               |   |    |         |   |   |                    |   |   |            |   |   |     |   |   |        |   |   |   |   |
|                                                               |   |        |    |   |                               |   |    |         |   |   |                    |   |   |            |   |   |     |   |   |        |   |   |   |   |
| Ending balance                                                     |   | $           | 171     |   |                               | $      | 6,179   |         |   | $      | 426                     |   |   | $               | 1,286  |   |     | $      | 204    |        |   | $      | 18     |   |   | $ | 133 |   |   | $ | 8,417 |   |
|                                                               |   |        |    |   |                               |   |    |         |   |   |                    |   |   |            |   |   |     |   |   |        |   |   |   |   |   |   |   |   |   |   |   |   |
| Ending balance: individually evaluated for impairment              |   | $           | -       |   |                               | $      | 1,656   |         |   | $      | -                       |   |   | $               | 449    |   |     | $      | 2      |        |   | $      | -      |   |   | $ | - |   |   | $ | 2,107 |   |
|                                                               |   |        |    |   |                               |   |    |         |   |   |                    |   |   |            |   |   |     |   |   |        |   |   |   |   |   |   |   |   |   |   |   |   |
| Ending balance: collectively evaluated for impairment              |   | $           | 171     |   |                               | $      | 4,523   |         |   | $      | 426                     |   |   | $               | 837    |   |     | $      | 202    |        |   | $      | 18     |   |   | $ | 133 |   |   | $ | 6,310 |   |
|                                                               |   |        |    |   |                               |   |    |         |   |   |                    |   |   |            |   |   |     |   |   |        |   |   |   |   |   |   |   |   |   |   |   |   |
| Ending balance: loans acquired with deteriorated credit quality    |   | $           | -       |   |                               | $      | -       |         |   | $      | -                       |   |   | $               | -      |   |     | $      | -      |        |   | $      | -      |   |   | $ | - |   |   | $ | - |   |
|                                                               |   |        |    |   |                               |   |    |         |   |   |                    |   |   |            |   |   |     |   |   |        |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans receivables:                                                 |   |        |    |   |                               |   |    |         |   |   |                    |   |   |            |   |   |     |   |   |        |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                               |   |        |    |   |                               |   |    |         |   |   |                    |   |   |            |   |   |     |   |   |        |   |   |   |   |   |   |   |   |   |   |   |   |
| Ending balance                                                     |   | $           | 234,435 |   |                               | $      | 410,212 |         |   | $      | 17,848                  |   |   | $               | 54,160 |   |     | $      | 63,603 |        |   | $      | 1,816  |   |   | $ | - |   |   | $ | 782,074 |   |
|                                                               |   |        |    |   |                               |   |    |         |   |   |                    |   |   |            |   |   |     |   |   |        |   |   |   |   |   |   |   |   |   |   |   |   |
| Ending balance: individually evaluated for impairment              |   | $           | 89      |   |                               | $      | 27,422  |         |   | $      | 2,910                   |   |   | $               | 2,809  |   |     | $      | 372    |        |   | $      | -      |   |   | $ | - |   |   | $ | 33,602 |   |
|                                                               |   |        |    |   |                               |   |    |         |   |   |                    |   |   |            |   |   |     |   |   |        |   |   |   |   |   |   |   |   |   |   |   |   |
| Ending balance: collectively evaluated for impairment              |   | $           | 39,524  |   |                               | $      | 250,494 |         |   | $      | 13,532                  |   |   | $               | 41,541 |   |     | $      | 28,992 |        |   | $      | 332    |   |   | $ | - |   |   | $ | 374,415 |   |
|                                                               |   |        |    |   |                               |   |    |         |   |   |                    |   |   |            |   |   |     |   |   |        |   |   |   |   |   |   |   |   |   |   |   |   |
| Ending balance: loans acquired with deteriorated credit quality(3) |   | $           | 194,821 |   |                               | $      | 132,296 |         |   | $      | 1,406                   |   |   | $               | 9,811  |   |     | $      | 34,240 |        |   | $      | 1,483  |   |   | $ | - |   |   | $ | 374,057 |   |

----

Index

|                        |   | At March 31, 2011     |   |
|-----------------------------|--------|-----------------------|--------|
|                        |   |   (In Thousands) |   |
| Non-accruing loans:         |   |                  |   |
| Residential                 |   | $                     | 15,038 |   |
| Construction                |   |                  | 4,081  |   |
| Commercial business(1)      |   |                  | 728    |   |
| Commercial and multi-family |   |                  | 22,021 |   |
| Home equity(2)              |   |                  | 1,023  |   |
| Consumer                    |   |                  | 240    |   |
| Total                       |   | $                     | 43,131 |   |

|                        |   | At December 31, 2010 |   |
|-----------------------------|--------|----------------------|--------|
|                        |   |  (In Thousands) |   |
| Non-accruing loans:         |   |                 |   |
| Residential                 |   | $                    | 15,115 |   |
| Construction                |   |                 | 2,773  |   |
| Commercial business(1)      |   |                 | 861    |   |
| Commercial and multi-family |   |                 | 21,147 |   |
| Home equity(2)              |   |                 | 1,632  |   |
| Consumer                    |   |                 | 283    |   |
| Total                       |   | $                    | 41,811 |   |

----

Index

|                                |   | Recorded Investment |   |   | Unpaid Principal Balance |    |   | Related Allowance |   |    | Average Recorded Investment |   |   | Interest Income Recognized |   |
|-------------------------------------|--------|---------------------|--------|--------|--------------------------|---------|--------|-------------------|--------|---------|-----------------------------|--------|--------|----------------------------|--------|
| With no related allowance recorded: |   |                |   |   |                     |    |   |              |   |    |                        |   |   |                       |   |
| Residential Mortgages               |   | $                   | 517    |   |                     | $       | 517    |              |   | $       | -                           |   |   | $                          | 303    |   |   | $ | - |   |
| Commercial and Multi-family         |   |                | 21,420 |   |                     |    | 21,420 |              |   |    | -                           |   |   |                       | 15,565 |   |   |   | 126 |   |
| Construction                        |   |                | 2,910  |   |                     |    | 2,910  |              |   |    | -                           |   |   |                       | 2,910  |   |   |   | - |   |
| Commercial Business(1)              |   |                | 1,002  |   |                     |    | 1,002  |              |   |    | -                           |   |   |                       | 992    |   |   |   | 10 |   |
| Home Equity(2)                      |   |                | 291    |   |                     |    | 291    |              |   |    | -                           |   |   |                       | 240    |   |   |   | 2 |   |
| Consumer                            |   |                | -      |   |                     |    | -      |              |   |    | -                           |   |   |                       | -      |   |   |   | - |   |
|                                |   |                |   |   |                     |    |   |              |   |    |                        |   |   |                       |   |   |   |   |   |   |
| With an allowance recorded:         |   |                |   |   |                     |    |   |              |   |    |                        |   |   |                       |   |   |   |   |   |   |
| Residential Mortgages               |   | $              | 409    |   |                     | $  | 409    |              |   | $  | 15                          |   |   | $                     | 205    |   |   | $  | 4 |   |
| Commercial and Multi-family         |   |                | 11,140 |   |                     |    | 11,140 |              |   |    | 627                         |   |   |                       | 14,427 |   |   |   | 140 |   |
| Construction                        |   |                | -      |   |                     |    | -      |              |   |    | -                           |   |   |                       | -      |   |   |   | - |   |
| Commercial Business(1)              |   |                | 1,809  |   |                     |    | 1,809  |              |   |    | 430                         |   |   |                       | 1,819  |   |   |   | - |   |
| Home Equity(2)                      |   |                | 113    |   |                     |    | 113    |              |   |    | 2                           |   |   |                       | 148    |   |   |   | 2 |   |
|  Consumer                      |   |                | -      |   |                     |    | -      |              |   |    | -                           |   |   |                       | -      |   |   |   | - |   |
|                                |   |                |   |   |                     |    |   |              |   |    |                        |   |   |                       |   |   |   |   |   |   |
| Total:                              |   |                |   |   |                     |    |   |              |   |    |                        |   |   |                       |   |   |   |   |   |   |
| Residential Mortgages               |   | $                   | 926    |   |                     | $       | 926    |              |   | $       | 15                          |   |   | $                          | 508    |   |   | $ | 4 |   |
| Commercial and Multi-family         |   |                | 32,560 |   |                     |    | 32,560 |              |   |    | 627                         |   |   |                       | 29,992 |   |   |   | 266 |   |
| Construction                        |   |                | 2,910  |   |                     |    | 2,910  |              |   |    | -                           |   |   |                       | 2,910  |   |   |   | - |   |
| Commercial Business(1)              |   |                | 2,811  |   |                     |    | 2,811  |              |   |    | 430                         |   |   |                       | 2,811  |   |   |   | 10 |   |
| Home Equity(2)                      |   |                | 404    |   |                     |    | 404    |              |   |    | 2                           |   |   |                       | 388    |   |   |   | 4 |   |
| Consumer                            |   |                | -      |   |                     |    | -      |              |   |    | -                           |   |   |                       | -      |   |   |   | - |   |

----

----

Index

|                                |   | Recorded Investment |   |   | UnpaidPrincipal Balance |    |   | Related Allowance |   |
|-------------------------------------|--------|---------------------|--------|--------|-------------------------|---------|--------|-------------------|--------|
|                                |   |                |   |   |                    |    |   |              |   |
| With no related allowance recorded: |   |                |   |   |                    |    |   |              |   |
|                                |   |                |   |   |                    |    |   |              |   |
| Residential                         |   | $                   | 89     |   |                    | $       | 89     |              |   | $ | - |   |
| Commercial and multi-family         |   |                | 9,709  |   |                    |    | 9,709  |              |   |   | - |   |
| Construction                        |   |                | 2,910  |   |                    |    | 2,910  |              |   |   | - |   |
| Commercial business (1)             |   |                | 981    |   |                    |    | 981    |              |   |   | - |   |
| Home equity (2)                     |   |                | 189    |   |                    |    | 189    |              |   |   | - |   |
| Consumer                            |   |                | -      |   |                    |    | -      |              |   |   | - |   |
|                                |   |                |   |   |                    |    |   |              |   |   |   |   |
| With an allowance recorded:         |   |                |   |   |                    |    |   |              |   |   |   |   |
| Residential                         |   |                | -      |   |                    |    | -      |              |   |   | - |   |
| Commercial and multi-family         |   | $              | 17,713 |   |                    | $  | 17,713 |              |   | $  | 1,656 |   |
| Construction                        |   |                | -      |   |                    |    | -      |              |   |   | - |   |
| Commercial business (1)             |   |                | 1,828  |   |                    |    | 1,828  |              |   |   | 449 |   |
| Home equity (2)                     |   |                | 183    |   |                    |    | 183    |              |   |   | 2 |   |
| Consumer                            |   |                | -      |   |                    |    | -      |              |   |   | - |   |
|                                |   |                |   |   |                    |    |   |              |   |   |   |   |
|                                |   |                |   |   |                    |    |   |              |   |   |   |   |
| Total:                              |   |                |   |   |                    |    |   |              |   |   |   |   |
| Residential                         |   | $                   | 89     |   |                    | $       | 89     |              |   | $ | - |   |
| Commercial and multi-family         |   |                | 27,422 |   |                    |    | 27,422 |              |   |   | 1,656 |   |
| Construction                        |   |                | 2,910  |   |                    |    | 2,910  |              |   |   | - |   |
| Commercial business                 |   |                | 2,809  |   |                    |    | 2,809  |              |   |   | 449 |   |
| Home equity                         |   |                | 372    |   |                    |    | 372    |              |   |   | 2 |   |
| Consumer                            |   |                | -      |   |                    |    | -      |              |   |   | - |   |

----

----

Index

|                        |   | As of March 31, 2011 |   |
|-----------------------------|--------|----------------------|--------|
|                        |   | 30-59 Days Past Due  |   |   | 60-89 DaysPast Due |   |   | Greater than 90 Days |   |   | TotalPast Due |   |   | Current |   |   | Total Loans Receivables |   |   | LoansReceivable>90Days and Accruing |   |
|                        |   | (In Thousands)       |   |
|                        |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Residential                 |   | $                    | 8,994  |   |   | $ | 1,494 |   |   | $ | 15,038 |   |   | $ | 25,526 |   |   | $ | 203,823 |   |   | $ | 229,349 |   |   |   | — |   |
| Commercial and multi-family |   |                 | 19,869 |   |   |   | 2,927 |   |   |   | 22,021 |   |   |   | 44,817 |   |   |   | 355,571 |   |   |   | 400,388 |   |   |   | — |   |
| Construction                |   |                 | 1,747  |   |   |   | — |   |   |   | 4,081 |   |   |   | 5,828 |   |   |   | 11,232 |   |   |   | 17,060 |   |   |   | — |   |
| Commercial business(1)      |   |                 | 1,617  |   |   |   | 325 |   |   |   | 728 |   |   |   | 2,670 |   |   |   | 62,566 |   |   |   | 65,236 |   |   |   | — |   |
| Home equity(2)              |   |                 | 1,614  |   |   |   | 236 |   |   |   | 1,023 |   |   |   | 2,873 |   |   |   | 57,931 |   |   |   | 60,804 |   |   |   | — |   |
| Consumer                    |   |                 | 60     |   |   |   | — |   |   |   | 240 |   |   |   | 300 |   |   |   | 1,174 |   |   |   | 1,474 |   |   |   | — |   |
| Total                       |   | $                    | 33,901 |   |   | $ | 4,982 |   |   | $ | 43,131 |   |   | $ | 82,014 |   |   | $ | 692,297 |   |   | $ | 774,311 |   |   |   | — |   |

----

Index

|                        |   | As of December 31, 2010 |   |
|-----------------------------|--------|-------------------------|--------|
|                        |   | 30-59 Days Past Due     |   |   | 60-89 Days Past Due |   |   | Greater than 90 Days |   |   | Total Past Due |   |   | Current |   |   | Total Loans Receivables |   |   | Loans Receivable>90 Days and Accruing |   |
|                        |   | (In Thousands)          |   |
|                        |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Residential                 |   | $                       | 5,010  |   |   | $ | 3,706 |   |   | $ | 15,115 |   |   | $ | 23,831 |   |   | $ | 210,604 |   |   | $ | 234,435 |   |   |   | — |   |
| Commercial and multi-family |   |                    | 20,071 |   |   |   | 5,391 |   |   |   | 21,147 |   |   |   | 46,609 |   |   |   | 363,603 |   |   |   | 410,212 |   |   |   | — |   |
| Construction                |   |                    | 1,889  |   |   |   | — |   |   |   | 2,773 |   |   |   | 4,662 |   |   |   | 13,186 |   |   |   | 17,848 |   |   |   | — |   |
| Commercial business(1)      |   |                    | 1,377  |   |   |   | 456 |   |   |   | 861 |   |   |   | 2,694 |   |   |   | 51,466 |   |   |   | 54,160 |   |   |   | — |   |
| Home equity(2)              |   |                    | 870    |   |   |   | 694 |   |   |   | 1,632 |   |   |   | 3,196 |   |   |   | 60,407 |   |   |   | 63,603 |   |   |   | — |   |
| Consumer                    |   |                    | 106    |   |   |   | 5 |   |   |   | 283 |   |   |   | 394 |   |   |   | 1,422 |   |   |   | 1,816 |   |   |   | — |   |
| Total                       |   | $                       | 29,323 |   |   | $ | 10,252 |   |   | $ | 41,811 |   |   | $ | 81,386 |   |   | $ | 700,688 |   |   | $ | 782,074 |   |   |   | — |   |

----

Index

|                        |   | Pass   |        |   | Special Mention |   |   | Substandard |   |   | Doubtful |   |   | Loss   |   |   | Total  |   |
|-----------------------------|--------|--------|-------------|--------|-----------------|--------|--------|-------------|--------|--------|----------|--------|--------|--------|--------|--------|--------|--------|
|                        |   |   |        |   |            |   |   |        |   |   |     |   |   |   |   |   |   |   |
| Residential                 |   | $      | 211,021     |   |            | $      | 5,354  |        |   | $      | 8,879    |   |   | $      | 4,095  |   |   | $      | - |   |   | $ | 229,349 |   |
| Commercial and multi-family |   |   | 346,165     |   |            |   | 29,049 |        |   |   | 14,017   |   |   |   | 11,157 |   |   |   | - |   |   |   |  400,388 |   |
| Construction                |   |   | 12,687      |   |            |   | -      |        |   |   | 3,706    |   |   |   | 667    |   |   |   | - |   |   |   |  17,060 |   |
| Commercial business(1)      |   |   | 61,300      |   |            |   | 3,159  |        |   |   | 317      |   |   |   | 460    |   |   |   |  - |   |   |   |  65,236 |   |
| Home equity(2)              |   |   | 58,934      |   |            |   | 819    |        |   |   | 474      |   |   |   | 577    |   |   |   |  - |   |   |   |  60,804 |   |
| Consumer                    |   |   |  1,333 |   |            |   | 5      |        |   |   |  -  |   |   |   | 136    |   |   |   |  - |   |   |   |  1,474 |   |
| Total                       |   | $      | 691,440     |   |            | $      | 38,386 |        |   | $      | 27,393   |   |   | $      | 17,092 |   |   | $      | - |   |   | $ | 774.311 |   |

|                        |   | Pass   |        |   | Special Mention |   |         | Substandard |   |   | Doubtful     |   |   | Loss   |         |   | Total  |   |
|-----------------------------|--------|--------|-------------|--------|-----------------|--------|--------------|-------------|--------|--------|--------------|--------|--------|--------|--------------|--------|--------|--------|
|                        |   |   |        |   |            |   |         |        |   |   |         |   |   |   |         |   |   |   |
| Residential                 |   | $      | 217,459     |   |            | $      | 4,930        |        |   | $      | 8,874        |   |   | $      | 3,172        |   |   | $      | - |   |   | $ | 234,435 |   |
| Commercial and multi-family |   |   | 349,219     |   |            |   | 30,538       |        |   |   |  17,760 |   |   |   |  12,578 |   |   |   |  117 |   |   |   |  410,212 |   |
| Construction                |   |   | 12,763      |   |            |   |  689    |        |   |   |  4,005  |   |   |   |  391    |   |   |   | - |   |   |   |  17,848 |   |
| Commercial business(1)      |   |   | 50,248      |   |            |   |  3,113  |        |   |   |  339    |   |   |   |  25     |   |   |   |  435 |   |   |   |  54,160 |   |
| Home equity(2)              |   |   | 61,682      |   |            |   |  807    |        |   |   |  488    |   |   |   |  510    |   |   |   |  116 |   |   |   |  63,603 |   |
| Consumer                    |   |   |  1,673 |   |            |   |  7      |        |   |   |  -      |   |   |   |  136    |   |   |   |  - |   |   |   |  1,816 |   |
| Total                       |   | $      | 693,044     |   |            | $      |  40,084 |        |   | $      |  31,466 |   |   | $      |  16,812 |   |   | $      |  668 |   |   | $ |  782,074 |   |

----

Index

|                          |   |           |    |
|-------------------------------|--------|----------------|---------|
|                          |   | March 31, |    |   | December 31, |   |
|                          |   | 2011           |    |   | 2010 |   |
|                          |   | (In Thousands) |    |
| Outstanding principal balance |   | $              | 362,530 |   |   | $ | 378,000 |   |
| Carrying amount               |   |           | 358,010 |   |   |   | 374,057 |   |

| Balance – beginning |   | $      | 205,491 |   |
|---------------------------|--------|--------|---------|--------|
| Pamrapo acquisiton        |   |   |    |   |
| Accretion                 |   |   | (12,126 | )      |
|                      |   |   |    |   |
| Balance - ending          |   | $      | 193,365 |   |

----

Index

| Description                   |    | Total  |   |    | (Level 1) Quoted Prices in Active Markets for Identical Assets |   |    | (Level 2) Significant Other Observable Inputs |         |    | (Level 3) Significant Unobservable Inputs |         |
|-------------------------------|--------------|--------|--------|--------------|----------------------------------------------------------------------------------------------|--------|--------------|-------------------------------------------------------------------|--------------|--------------|----------------------------------------------------------|--------------|
| As of March 31, 2011:    |    |   |   |         |                                                                                    |   |         |                                                              |    |         |                                                     |         |    |   |   |   |
|                          |         |   |   |         |
| Securities available for sale |    | $      | 1,257  |    |                                                                                    | $      | 1,257        |                                                         |    | $            | —                                        |    |    | $ | —   |    |
|                          |         |   |   |         |
| As of December 31, 2010: |    |   |   |         |                                                                                    |   |         |                                                              |    |         |                                                     |         |    |   |   |   |
|                          |         |   |   |         |
| Securities available for sale |    | $      | 1,098  |    |                                                                                    | $      | 1,098        |                                                         |    | $            | —                                        |    |    | $ | —   |    |

| Description              |    | Total  |   |    | (Level 1) Quoted Prices in Active Markets for Identical Assets |   |           | (Level 2) Significant Other Observable Inputs |         |    | (Level 3) Significant Unobservable Inputs |         |
|--------------------------|--------------|--------|--------|--------------|----------------------------------------------------------------------------------------------|--------|---------------------|-------------------------------------------------------------------|--------------|--------------|----------------------------------------------------------|--------------|
| As of March 31, 2011:    |    |   |   |         |                                                                                    |   |                |                                                              |    |         |                                                     |         |    |   |   |   |
|                     |         |   |   |         |
| Impaired loans           |    | $      | 12,397 |    |                                                                                    | $      | —   |                                                         |    | $            | —                                        |    |    | $ | 12,397 |    |
|                     |         |   |   |         |
| As of December 31, 2010: |    |   |   |         |                                                                                    |   |                |                                                              |    |         |                                                     |         |    |   |   |   |
|                     |         |   |   |         |
| Impaired Loans           |    | $      | 17,617 |    |                                                                                    | $      | —   |                                                         |    | $            | —                                        |    |    | $ | 17,617 |    |
| Real estate owned        |    | $      | 513    |    |                                                                                    | $      | —   |                                                         |    | $            | —                                        |    |    | $ | 513 |   |

----

Index

----

Index

|                          |    | March 31,      |    |    | December 31, |   |
|-------------------------------|--------------|---------------------|---------|--------------|-------------------|--------|
|                          |    | 2011                |    |    | 2010              |   |
|                          |    | Carrying Value |    |    | Fair Value        |   |    | Carrying Value |   |    | Fair Value |   |
|                          |    | (In Thousands)      |    |
|                          |         |                |    |         |
| Financial assets:             |    |                |    |         |         |   |   |   |    |   |   |   |    |   |   |   |
| Cash and cash equivalents     |    | $                   | 66,223  |    |         | $      | 66,223 |    |    | $ | 121,127 |    |    | $ | 121,127 |    |
| Securities available for sale |    |                | 1,257   |    |         |   | 1,257 |    |    |   | 1,098 |    |    |   | 1,098 |    |
| Securities held to maturity   |    |                | 226,208 |    |         |   | 227,508 |    |    |   | 165,572 |    |    |   | 166,785 |    |
| Loans held for sale           |    |                | 1,739   |    |         |   | 1,774 |    |    |   | 5,572 |    |    |   | 5,633 |    |
| Loans receivable              |    |                | 765,397 |    |         |   | 780,935 |    |    |   | 773,101 |    |    |   | 779,858 |    |
| FHLB of New York stock        |    |                | 6,723   |    |         |   | 6,723 |    |    |   | 6,723 |    |    |   | 6,723 |    |
| Interest receivable           |    |                | 5,587   |    |         |   | 5,587 |    |    |   | 5,203 |    |    |   | 5,203 |    |
|                          |         |                |    |         |
| Financial liabilities:        |    |                |    |         |         |   |   |   |    |   |   |   |    |   |   |   |
| Deposits                      |    |                | 878,871 |    |         |   | 883,777 |    |    |   | 886,288 |    |    |   | 890,402 |    |
| Long-term debt                |    |                | 114,124 |    |         |   | 131,286 |    |    |   | 114,124 |    |    |   | 126,895 |    |
| Interest payable              |    |                | 783     |    |         |   | 783 |    |    |   | 787 |    |    |   | 787 |    |

----

Index

ITEM 2.

----

Index

----

Index

----

Index

Item 3. Q

| Change in |   |    | Net Portfolio |    |    | $ Change from |   |                | % Change from |   |   | NPV as a % of Assets |         |
|----------------|--------|--------------|--------------------|---------|--------------|-------------------------|--------|---------------------|-------------------------|--------|--------|-----------------------------------------------|--------------|
| Calculation    |   |    | Value              |    |    | PAR                     |   |                | PAR                     |   |   | NPV Ratio                                |         |   | Change |   |
| +300bp         |   |    | $                  | 103,338 |    |               | $      | (26,376             | )                  |   |   | -20.33                                        | %       |   |   | 9.79 | %  |   |   | -163 bps |    |
| +200bp         |   |    |               | 119,007 |    |               |   | (10,707             | )                  |   |   | -8.25                                         |    |   |   | 10.96 |    |   |   | -46 bps |    |
| +100bp         |   |    |               | 128,476 |    |               |   |  (1,238)       |                    |   |   | -0.95                                         |    |   |   | 11.53 |    |   |   | 11 bps |    |
| PAR            |   |    |               | 129,714 |    |               |   | —   |               |   |   | —                             |    |   |   | 11.42 |    |   |   | —   |    |

----

Index

ITEM

----

Index

PART 

ITEM 1. LEGAL 

ITEM 1.A

ITEM 2. UNREGISTERED 

| Period    |   |    | Shares Purchased |                            |    | Average Price |   |                       | Total Number of Shares Purchased |         |    | Maximum Number of Shares That May Yet be Purchased |         |
|-----------|--------|--------------|-----------------------|---------------------------------|--------------|--------------------|--------|---------------------------------|------------------------------------------------------|--------------|--------------|--------------------------------------------------------------------------------------------|--------------|
|      |   |         |                  |                            |         |
| 1/1- 1/31 |   |    |                  | 4,816                           |    |          | $      | 10.55                           |                                            |    |         | 4,816                                                                                      |    |    |   | 414,186 |    |
| 2/1- 2/28 |   |    |                  |  316                       |    |          | $      | 11.50                           |                                            |    |         | 5,132                                                                                      |    |    |   | 413,870 |    |
| 3/1- 3/31 |   |    |                  |    —  |    |          | $      |     — |                                            |    |         | —                                                                                    |    |    |   | 413,870 |    |
|      |   |         |                  |                            |         |
| Total     |   |    |                  | 5,132                           |    |          | $      |  10.61                     |                                            |    |         | 5,132                                                                                      |         |    |   | 413,870 |    |

ITEM 3. DEFAULTS 

ITEM 4. 

ITEM 5. OTHER 

ITEM 6. 

11.0

31.1
31.2

32

----

Index

|               |   | BCB BANCORP, INC. |
|--------------------|--------|-------------------|
|               |   |              |
| Date: May 16, 2011 |   | By:               |   | /s/ Donald Mindiak |
|               |   |              |   | Donald Mindiak |
|               |   |              |   | President and Chief Executive Officer |
|               |   |              |
| Date: May 16, 2011 |   | By:               |   | /s/ Kenneth Walter |
|               |   |              |   | Kenneth Walter |
|               |   |              |   | Chief Financial Officer |

----