**UNITED        STATES SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON,        D.C.  20549**

----

**FORM        10-Q**

**                            **

| **(Mark                    One)** |                                                                                                                                                  |   |
|-----------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                              |                                                                                                                                                  |   |
| **ý**                        | **Quarterly                    report pursuant to Section 13 or 15(d) of the Securities Exchange                    Act of                    1934**  |   |
|                              |                                                                                                                                                  |   |
|                              |  **For                    the quarterly period ended June 30, 2007**                                                                             |   |
|                              |                                                                                                                                                  |   |
| **OR**                  |
|                              |                                                                                                                                                  |   |
| **o**                             | **Transition                    report pursuant to section 13 or 15(d) of the Securities Exchange                    Act of                    1934** |   |
|                              |                                                                                                                                                  |   |

**For          the transition period from ______________ to _____________**

**Commission        File Number 000-51369**

**United        Financial Bancorp, Inc.**

| **Federal**                                      | **83-0395247**                          |
|--------------------------------------------------|-----------------------------------------|
| (State                  or other jurisdiction of | (I.R.S.                  Employer       |
| incorporation                  or organization)  | Identification                  Number) |

**95        Elm Street, West Springfield, Massachusetts 01089**

**(413)        787-1700**

| Large                  accelerated filer o   | Accelerated                  filer ý | Non-accelerated                  filer o |
|--------------------------------------------------------|-------------------------------------------|------------------------------------------|

**Common        stock, $0.01 par value**

**17,071,853        shares outstanding as of August 1, 2007**

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**United        Financial Bancorp, Inc.**

| INDEX                                              |
|----------------------------------------------------|
|                                               | Page |
|                                               |   |
| **PART                  I. FINANCIAL INFORMATION** |   |
|                                               |   |   |
| Item                  1                            | Consolidated                  Financial Statements                  (unaudited) |   |
|                                               |   |   |
|                                               | Consolidated                  Statements of Condition |   |
|                                               | June                  30, 2007 and December 31, 2006 | 1 |
|                                               |   |   |
|                                               | Consolidated                  Statements of Earnings |   |
|                                               | Three                  Months and Six Months Ended June 30, 2007 and                  2006 | 2 |
|                                               |   |   |
|                                               | Consolidated                  Statements of Stockholders’ Equity and                  Comprehensive Income |   |
|                                               | Six                  Months Ended June 30, 2007 and 2006 | 3 |
|                                               |   |   |
|                                               | Consolidated                  Statements of Cash Flows |   |
|                                               | Six                  Months Ended June 30, 2007 and 2006 | 4 |
|                                               |   |   |
|                                               | Notes                  to Unaudited Consolidated Financial                  Statements | 5 |
|                                               |   |   |
| Item                  2                            | Management's                  Discussion and Analysis of Financial                  Condition |   |
|                                               | and                  Results of Operations | 9 |
|                                               |   |   |
| Item                  3                            | Quantitative                  and Qualitative Disclosures About Market                  Risk | 21 |
|                                               |   |   |
| Item                  4                            | Controls                  and Procedures | 21 |
|                                               |   |   |
| **PART                  II. OTHER INFORMATION**    | 22 |
|                                               |   |   |
| Item                  1                            | Legal                  Proceedings | 22 |
|                                               |   |   |
| Item                  1A                           | Risk                  Factors | 22 |
|                                               |   |   |
| Item                  2                            | Unregistered                  Sales of Equity Securities and Use of                  Proceeds | 22 |
|                                               |   |   |
| Item                  3                            | Defaults                  Upon Senior Securities | 22 |
|                                               |   |   |
| Item                  4.                           | Submission                  of Matters to a Vote of Security                  Holders | 23 |
|                                               |   |   |
| Item                  5.                           | Other                  Information | 23 |
|                                               |   |   |
| Item                  6                            | Exhibits | 24 |
|                                               |   |   |
|                                               |   |   |
| **SIGNATURES**                                     | 25 |

----

|                          |                                                                                                                                                        |   |
|-------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| Exhibit                  31.1 | Certification                  of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley                  Act of 2002                        | 26     |
|                          |                                                                                                                                                        |   |
| Exhibit                  31.2 | Certification                  of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley                  Act of 2002                        | 27     |
|                          |                                                                                                                                                        |   |
| Exhibit                  32.1 | Statement                  of Chief Executive Officer Furnished Pursuant to Section 906 of                  the                  Sarbanes-Oxley Act of 2002 | 28     |
|                          |                                                                                                                                                        |   |
| Exhibit                  32.2 | Statement                  of Chief Financial Officer Furnished Pursuant to Section 906 of                  the                  Sarbanes-Oxley Act of 2002 | 29     |

----

*Index*

| **PART                  I.** | **FINANCIAL                  INFORMATION** |
|------------------------------|--------------------------------------------|

| **ITEM                  1.** | **Consolidated                  Financial Statements** |
|------------------------------|--------------------------------------------------------|

**UNITED        FINANCIAL BANCORP, INC. AND SUBSIDIARY**

----

|                                                                                                                |   | **June                  30,** |      |   | **December                  31,** |   |
|---------------------------------------------------------------------------------------------------------------------|--------|-------------------------------|-----------|--------|-----------------------------------|--------|
|                                                                                                                |   | **2007**                      |      |   | **2006**                          |   |
|                                                                                                                |   | **(unaudited)**               |      |   |                              |   |
| **ASSETS**                                                                                                          |   |                          |      |   |                              |   |
|                                                                                                                |   |                          |      |   |                              |   |
| Cash                  and due from banks                                                                            |   | $                             | 16,534    |   |                              | $      | 15,459 |   |
| Interest-bearing                  deposits                                                                          |   |                          | 4,027     |   |                              |   | 9,960 |   |
|         Total                  cash and cash equivalents                    |   |                          | 20,561    |   |                              |   | 25,419 |   |
|                                                                                                                |   |                          |      |   |                              |   |   |   |
| Short-term                  investments                                                                             |   |                          | 1,004     |   |                              |   | - |   |
| Securities                  available for sale, at fair value                                                       |   |                          | 161,169   |   |                              |   | 190,237 |   |
| Securities                  to be held to maturity, at amortized cost (fair value $3,621                  at   |   |                          |      |   |                              |
|    June                  30, 2007 and $3,227 at December 31, 2006)                                   |   |                          | 3,686     |   |                              |   | 3,241 |   |
| Loans,                  net of allowance for loan losses of  $7,721 at June 30, 2007                  and |   |                          |      |   |                              |   |   |   |
|    $7,218                  at December 31, 2006                                                      |   |                          | 797,236   |   |                              |   | 756,180 |   |
| Other                  real estate owned                                                                            |   |                          | -         |   |                              |   | 562 |   |
| Accrued                  interest receivable                                                                        |   |                          | 4,295     |   |                              |   | 4,320 |   |
| Stock                  in the Federal Home Loan Bank of Boston                                                      |   |                          | 9,885     |   |                              |   | 9,274 |   |
| Banking                  premises and equipment, net                                                                |   |                          | 10,614    |   |                              |   | 8,821 |   |
| Bank-owned                  life insurance                                                                          |   |                          | 6,515     |   |                              |   | 6,304 |   |
| Other                  assets                                                                                       |   |                          | 7,782     |   |                              |   | 5,075 |   |
|                                                                                                                |   |                          |      |   |                              |   |   |   |
|         TOTAL                  ASSETS                                       |   | $                             | 1,022,747 |   |                              | $      | 1,009,433 |   |
|                                                                                                                |   |                          |      |   |                              |   |   |   |
| **LIABILITIES                  AND STOCKHOLDERS’ EQUITY**                                                     |   |                          |      |   |                              |   |   |   |
|                                                                                                                |   |                          |      |   |                              |   |   |   |
| Liabilities:                                                                                                        |   |                          |      |   |                              |   |   |   |
| Deposits:                                                                                                           |   |                          |      |   |                              |   |   |   |
|     Interest-bearing                                                                            |   | $                             | 620,980   |   |                              | $      | 588,496 |   |
|     Non-interest-bearing                                                                        |   |                          | 104,773   |   |                              |   | 97,190 |   |
|         Total                  deposits                                     |   |                          | 725,753   |   |                              |   | 685,686 |   |
| Federal                  Home Loan Bank of Boston advances                                                          |   |                          | 142,519   |   |                              |   | 169,806 |   |
| Repurchase                  agreements                                                                              |   |                          | 7,990     |   |                              |   | 10,425 |   |
| Escrow                  funds held for borrowers                                                                    |   |                          | 1,113     |   |                              |   | 1,121 |   |
| Accrued                  expenses and other liabilities                                                             |   |                          | 6,776     |   |                              |   | 4,684 |   |
|         Total                  liabilities                                  |   |                          | 884,151   |   |                              |   | 871,722 |   |
|                                                                                                                |   |                          |      |   |                              |   |   |   |
| Stockholders’                  equity:                                                                        |   |                          |      |   |                              |   |   |   |
| Preferred                  stock, par value $0.01 per share, authorized 5,000,000                  shares;          |   |                          |      |   |                              |   |   |   |
|    none                  issued                                                                      |   |                          | -         |   |                              |   | - |   |
| Common                  stock, par value $0.01 per share, authorized 60,000,000                  shares;            |   |                          |      |   |                              |   |   |   |
|    17,205,995                  shares issued at June 30, 2007 and at December 31, 2006               |   |                          | 172       |   |                              |   | 172 |   |
| Paid-in                  capital                                                                                    |   |                          | 76,700    |   |                              |   | 75,520 |   |
| Retained                  earnings                                                                                  |   |                          | 71,337    |   |                              |   | 70,406 |   |
| Unearned                  compensation                                                                              |   |                          | (5,550    | )      |                              |   | (5,772 | ) |
| Treasury                  stock, at cost (134,142 shares at June 30, 2007 and 51,445                  shares        |   |                          |      |   |                              |
|    at                  December 31, 2006)                                                            |   |                          | (1,873    | )      |                              |   | (664 | ) |
| Accumulated                  other comprehensive loss, net of taxes                                                 |   |                          | (2,190    | )      |                              |   | (1,951 | ) |
|         Total                  stockholders’ equity                   |   |                          | 138,596   |   |                              |   | 137,711 |   |
|                                                                                                                |   |                          |      |   |                              |   |   |   |
|         TOTAL                  LIABILITIES AND STOCKHOLDERS’ EQUITY   |   | $                             | 1,022,747 |   |                              | $      | 1,009,433 |   |
|                                                                                                                |   |                          |      |   |                              |   |   |   |

----

*Index*

**UNITED        FINANCIAL BANCORP, INC. AND SUBSIDIARY**

N

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|                                                                                      |   | **Three                    Months Ended**         |       |   | **Six                    Months Ended**           |   |
|-------------------------------------------------------------------------------------------|--------|---------------------------------------------------|------------|--------|---------------------------------------------------|--------|
|                                                                                      |   | **June                    30,**    |       |   | **June                    30,**    |   |
|                                                                                      |   | **2007**                                          |       |   | **2006**                                          |   |   | **2007** |   |   | **2006** |   |
| Interest                    and dividend income:                                          |   |                                              |       |   |                                              |   |   |   |   |   |   |   |
|    Loans                                                                   |   | $                                                 | 12,350     |   |                                              | $      | 10,076 |   |   | $ | 24,305 |   |   | $ | 19,676 |   |
|    Investments                                                             |   |                                              | 1,854      |   |                                              |   | 2,261 |   |   |   | 3,836 |   |   |   | 4,566 |   |
|    Other                    interest-earning assets                        |   |                                              | 309        |   |                                              |   | 288 |   |   |   | 684 |   |   |   | 529 |   |
|       Total                    interest and dividend income |   |                                              | 14,513     |   |                                              |   | 12,625 |   |   |   | 28,825 |   |   |   | 24,771 |   |
|                                                                                      |   |                                              |       |   |                                              |   |   |   |   |   |   |   |   |   |   |   |
| Interest                    expense:                                                      |   |                                              |       |   |                                              |   |   |   |   |   |   |   |   |   |   |   |
|    Deposits                                                                |   |                                              | 5,477      |   |                                              |   | 4,664 |   |   |   | 10,658 |   |   |   | 8,706 |   |
|    Borrowings                                                              |   |                                              | 1,901      |   |                                              |   | 1,196 |   |   |   | 4,076 |   |   |   | 2,393 |   |
|       Total                    interest expense             |   |                                              | 7,378      |   |                                              |   | 5,860 |   |   |   | 14,734 |   |   |   | 11,099 |   |
|                                                                                      |   |                                              |       |   |                                              |   |   |   |   |   |   |   |   |   |   |   |
| Net                    interest income before provision for loan losses                   |   |                                              | 7,135      |   |                                              |   | 6,765 |   |   |   | 14,091 |   |   |   | 13,672 |   |
|                                                                                      |   |                                              |       |   |                                              |   |   |   |   |   |   |   |   |   |   |   |
| Provision                    for loan losses                                              |   |                                              | 320        |   |                                              |   | 300 |   |   |   | 604 |   |   |   | 462 |   |
|                                                                                      |   |                                              |       |   |                                              |   |   |   |   |   |   |   |   |   |   |   |
| Net                    interest income after provision for loan losses                    |   |                                              | 6,815      |   |                                              |   | 6,465 |   |   |   | 13,487 |   |   |   | 13,210 |   |
|                                                                                      |   |                                              |       |   |                                              |   |   |   |   |   |   |   |   |   |   |   |
| Non-interest                    income:                                                   |   |                                              |       |   |                                              |   |   |   |   |   |   |   |   |   |   |   |
|    Fee                    income on depositors’ accounts             |   |                                              | 1,097      |   |                                              |   | 1,037 |   |   |   | 2,135 |   |   |   | 1,982 |   |
|    Loss                    on sale of securities                           |   |                                              | (43        | )      |                                              |   | - |   |   |   | (29 | ) |   |   | - |   |
|    Wealth                    management income                             |   |                                              | 170        |   |                                              |   | 136 |   |   |   | 291 |   |   |   | 193 |   |
|    Other                    income                                         |   |                                              | 211        |   |                                              |   | 269 |   |   |   | 436 |   |   |   | 524 |   |
|       Total                    non-interest income          |   |                                              | 1,435      |   |                                              |   | 1,442 |   |   |   | 2,833 |   |   |   | 2,699 |   |
|                                                                                      |   |                                              |       |   |                                              |   |   |   |   |   |   |   |   |   |   |   |
| Non-interest                    expense:                                                  |   |                                              |       |   |                                              |   |   |   |   |   |   |   |   |   |   |   |
|    Salaries                    and benefits                                |   |                                              | 3,735      |   |                                              |   | 3,130 |   |   |   | 7,573 |   |   |   | 6,159 |   |
|    Occupancy                    expenses                                   |   |                                              | 481        |   |                                              |   | 410 |   |   |   | 972 |   |   |   | 813 |   |
|    Marketing                    expenses                                   |   |                                              | 449        |   |                                              |   | 350 |   |   |   | 771 |   |   |   | 765 |   |
|    Data                    processing expenses                             |   |                                              | 653        |   |                                              |   | 558 |   |   |   | 1,295 |   |   |   | 1,190 |   |
|    Professional                    fees                                    |   |                                              | 263        |   |                                              |   | 223 |   |   |   | 652 |   |   |   | 479 |   |
|    Other                    expenses                                       |   |                                              | 994        |   |                                              |   | 1,166 |   |   |   | 1,959 |   |   |   | 2,205 |   |
|       Total                    non-interest expense         |   |                                              | 6,575      |   |                                              |   | 5,837 |   |   |   | 13,222 |   |   |   | 11,611 |   |
|                                                                                      |   |                                              |       |   |                                              |   |   |   |   |   |   |   |   |   |   |   |
| Income                    before income taxes                                             |   |                                              | 1,675      |   |                                              |   | 2,070 |   |   |   | 3,098 |   |   |   | 4,298 |   |
|                                                                                      |   |                                              |       |   |                                              |   |   |   |   |   |   |   |   |   |   |   |
| Income                    tax expense                                                     |   |                                              | 697        |   |                                              |   | 780 |   |   |   | 1,286 |   |   |   | 1,653 |   |
|                                                                                      |   |                                              |       |   |                                              |   |   |   |   |   |   |   |   |   |   |   |
| Net                    income                                                             |   | $                                                 | 978        |   |                                              | $      | 1,290 |   |   | $ | 1,812 |   |   | $ | 2,645 |   |
|                                                                                      |   |                                              |       |   |                                              |   |   |   |   |   |   |   |   |   |   |   |
| Earnings                    per share:                                                    |   |                                              |       |   |                                              |   |   |   |   |   |   |   |   |   |   |   |
|    Basic                                                                   |   | $                                                 | 0.06       |   |                                              | $      | 0.08 |   |   | $ | 0.11 |   |   | $ | 0.16 |   |
|    Diluted                                                                 |   | $                                                 | 0.06       |   |                                              | $      | 0.08 |   |   | $ | 0.11 |   |   | $ | 0.16 |   |
|                                                                                      |   |                                              |       |   |                                              |   |   |   |   |   |   |   |   |   |   |   |
| Weighted                    average shares outstanding:                                   |   |                                              |       |   |                                              |   |   |   |   |   |   |   |   |   |   |   |
|    Basic                                                                   |   |                                              | 16,226,449 |   |                                              |   | 16,608,783 |   |   |   | 16,249,929 |   |   |   | 16,604,775 |   |
|    Diluted                                                                 |   |                                              | 16,309,877 |   |                                              |   | 16,608,783 |   |   |   | 16,321,394 |   |   |   | 16,604,775 |   |

**.**

----

*Index*

**UNITED        FINANCIAL BANCORP, INC. AND SUBSIDIARY**

S

----

|                                                                        |   |            |       |   |       |   |   |        |   |   |         |   |   |             |   |   |         |   |   | **Accumulated**   |   |   |      |   |
|-----------------------------------------------------------------------------|--------|-----------------|------------|--------|------------|--------|--------|-------------|--------|--------|--------------|--------|--------|------------------|--------|--------|--------------|--------|--------|-------------------|--------|--------|-----------|--------|
|                                                                        |   | **Common**      |       |   |       |   |   |        |   |   |         |   |   |             |   |   |         |   |   | **Other**         |   |   |      |   |
|                                                                        |   | **Shares**      |       |   | **Common** |   |   | **Paid-In** |   |   | **Retained** |   |   | **Unearned**     |   |   | **Treasury** |   |   | **Comprehensive** |   |   |      |   |
|                                                                        |   | **Outstanding** |       |   | **Stock**  |   |   | **Capital** |   |   | **Earnings** |   |   | **Compensation** |   |   | **Stock**    |   |   | **Loss**          |   |   | **Total** |   |
|                                                                        |   |            |       |   |       |   |   |        |   |   |         |   |   |             |   |   |         |   |   |              |   |   |      |   |
| Balances                    at December 31, 2005                            |   |            | 17,205,995 |   |       | $      | 172    |        |   | $      | 78,446       |   |   | $                | 66,944 |   |         | $      | (6,092 | )                 |   | $      | -         |   |   | $ | (2,465 | ) |   | $ | 137,005 |   |
|                                                                        |   |            |       |   |       |   |   |        |   |   |         |   |   |             |   |   |         |   |   |              |   |   |      |   |   |   |   |   |   |   |   |   |
| Net                    income                                               |   |            | -          |   |       |   | -      |        |   |   | -            |   |   |             | 2,645  |   |         |   | -      |              |   |   | -         |   |   |   | - |   |   |   | 2,645 |   |
| Other                    comprehensive loss                                 |   |            | -          |   |       |   | -      |        |   |   | -            |   |   |             | -      |   |         |   | -      |              |   |   | -         |   |   |   | (1,363 | ) |   |   | (1,363 | ) |
|      Total                    comprehensive income |   |            |       |   |       |   |   |        |   |   |         |   |   |             |   |   |         |   |   |              |   |   |      |   |   |   |   |   |   |   | 1,282 |   |
|                                                                        |   |            |       |   |       |   |   |        |   |   |         |   |   |             |   |   |         |   |   |              |   |   |      |   |   |   |   |   |   |   |   |   |
| Cash                    dividends declared ($0.10 per share)                |   |            | -          |   |       |   | -      |        |   |   | -            |   |   |             | (741   | )      |         |   | -      |              |   |   | -         |   |   |   | - |   |   |   | (741 | ) |
| ESOP                    shares committed to be released                     |   |            | -          |   |       |   | -      |        |   |   | 30           |   |   |             | -      |   |         |   | 160    |              |   |   | -         |   |   |   | - |   |   |   | 190 |   |
|                                                                        |   |            |       |   |       |   |   |        |   |   |         |   |   |             |   |   |         |   |   |              |   |   |      |   |   |   |   |   |   |   |   |   |
| Balances                    at June 30, 2006                                |   |            | 17,205,995 |   |       | $      | 172    |        |   | $      | 78,476       |   |   | $                | 68,848 |   |         | $      | (5,932 | )                 |   | $      | -         |   |   | $ | (3,828 | ) |   | $ | 137,736 |   |
|                                                                        |   |            |       |   |       |   |   |        |   |   |         |   |   |             |   |   |         |   |   |              |   |   |      |   |   |   |   |   |   |   |   |   |
|                                                                        |   |            |       |   |       |   |   |        |   |   |         |   |   |             |   |   |         |   |   |              |   |   |      |   |   |   |   |   |   |   |   |   |
| Balances                    at December 31, 2006                            |   |            | 17,154,550 |   |       | $      | 172    |        |   | $      | 75,520       |   |   | $                | 70,406 |   |         | $      | (5,772 | )                 |   | $      | (664      | )      |   | $ | (1,951 | ) |   | $ | 137,711 |   |
|                                                                        |   |            |       |   |       |   |   |        |   |   |         |   |   |             |   |   |         |   |   |              |   |   |      |   |   |   |   |   |   |   |   |   |
| Net                    income                                               |   |            | -          |   |       |   | -      |        |   |   | -            |   |   |             | 1,812  |   |         |   | -      |              |   |   | -         |   |   |   | - |   |   |   | 1,812 |   |
| Other                    comprehensive loss                                 |   |            | -          |   |       |   | -      |        |   |   | -            |   |   |             | -      |   |         |   | -      |              |   |   | -         |   |   |   | (239 | ) |   |   | (239 | ) |
|      Total                    comprehensive income |   |            |       |   |       |   |   |        |   |   |         |   |   |             |   |   |         |   |   |              |   |   |      |   |   |   |   |   |   |   | 1,573 |   |
|                                                                        |   |            |       |   |       |   |   |        |   |   |         |   |   |             |   |   |         |   |   |              |   |   |      |   |   |   |   |   |   |   |   |   |
| Cash                    dividends declared ($0.12 per share)                |   |            | -          |   |       |   | -      |        |   |   | -            |   |   |             | (881   | )      |         |   | -      |              |   |   | -         |   |   |   | - |   |   |   | (881 | ) |
| Treasury                    stock purchases                                 |   |            | (82,697    | )      |       |   | -      |        |   |   | -            |   |   |             | -      |   |         |   | -      |              |   |   | (1,209    | )      |   |   | - |   |   |   | (1,209 | ) |
| Stock-based                    compensation                                 |   |            | -          |   |       |   | -      |        |   |   | 1,077        |   |   |             | -      |   |         |   | -      |              |   |   | -         |   |   |   | - |   |   |   | 1,077 |   |
| ESOP                    shares committed to be released                     |   |            | -          |   |       |   | -      |        |   |   | 103          |   |   |             | -      |   |         |   | 222    |              |   |   | -         |   |   |   | - |   |   |   | 325 |   |
|                                                                        |   |            |       |   |       |   |   |        |   |   |         |   |   |             |   |   |         |   |   |              |   |   |      |   |   |   |   |   |   |   |   |   |
| Balances                    at June 30, 2007                                |   |            | 17,071,853 |   |       | $      | 172    |        |   | $      | 76,700       |   |   | $                | 71,337 |   |         | $      | (5,550 | )                 |   | $      | (1,873    | )      |   | $ | (2,190 | ) |   | $ | 138,596 |   |
|                                                                        |   |            |       |   |       |   |   |        |   |   |         |   |   |             |   |   |         |   |   |              |   |   |      |   |   |   |   |   |   |   |   |   |

| The                    components of other comprehensive loss and related tax effects                    are as                    follows: |   |                                             |   |   |
|---------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------|--------|--------|
|                                                                                                                                        |   |                                             |   |   |   |   |
|                                                                                                                                        |   | **Six                    Months Ended June 30,** |   |
|                                                                                                                                        |   | **2007**                                         |   |   | **2006** |   |
|                                                                                                                                        |   |                                             |   |   |   |   |
| Change                    in unrealized holding losses on available-for-sale                    securities                                  |   | $                                                | (385   | )      |   | $ | (2,229 | ) |
| Reclassification                    adjustment for losses realized in income                                                                |   |                                             | 29     |   |   |   | - |   |
|    Net                    change in unrealized losses                                                                        |   |                                             | (356   | )      |   |   | (2,229 | ) |
|                                                                                                                                        |   |                                             |   |   |   |   |   |   |
| Tax                    effect                                                                                                               |   |                                             | (117   | )      |   |   | (866 | ) |
|                                                                                                                                        |   |                                             |   |   |   |   |   |   |
|    Other                    comprehensive loss                                                                               |   | $                                                | (239   | )      |   | $ | (1,363 | ) |
|                                                                                                                                        |   |                                             |   |   |   |   |   |   |

**.**

----

*Index*

**UNITED        FINANCIAL BANCORP, INC. AND SUBSIDIARY**

----

|                                                                                                                                                         |   |     |    |   |     |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------|---------|--------|----------|--------|
|                                                                                                                                                         |   | **2007** |    |   | **2006** |   |
| **Cash                    flows from operating activities:**                                                                                                 |   |     |    |   |     |   |
| Net                    income                                                                                                                                |   | $        | 1,812   |   |     | $      | 2,645 |   |
| Adjustments                    to reconcile net income to net cash provided by operating                    activities:                                      |   |     |    |   |     |   |   |   |
|    Provision                    for loan losses                                                                                               |   |     | 604     |   |     |   | 462 |   |
|    ESOP                    expense                                                                                                            |   |     | 325     |   |     |   | 190 |   |
|    Stock-based                    compensation                                                                                                |   |     | 1,077   |   |     |   | - |   |
|    Amortization                    of premiums and discounts                                                                                  |   |     | 64      |   |     |   | 201 |   |
|    Depreciation                    and amortization                                                                                           |   |     | 442     |   |     |   | 363 |   |
|    Amortization                    of intangible assets                                                                                       |   |     | 15      |   |     |   | - |   |
|    Provision                    for other real estate owned                                                                                   |   |     | -       |   |     |   | 34 |   |
|    Net                    (gain) loss on sale of other real estate owned                                                                      |   |     | (14     | )      |     |   | 21 |   |
|    Net                    loss on sale of securities                                                                                          |   |     | 29      |   |     |   | - |   |
|    Net                    loss on sale of loans                                                                                               |   |     | 5       |   |     |   | - |   |
|    Increase                    in cash surrender value of bank-owned life insurance                                                           |   |     | (211    | )      |     |   | (154 | ) |
|    Decrease                    (increase) in accrued interest receivable                                                                      |   |     | 25      |   |     |   | (123 | ) |
|    Increase                    in other assets                                                                                                |   |     | (490    | )      |     |   | (1,123 | ) |
|    Decrease                    in accrued expenses and other liabilities                                                                      |   |     | (1,820  | )      |     |   | (60 | ) |
| Net                    cash provided by operating activities                                                                                                 |   |     | 1,863   |   |     |   | 2,456 |   |
|                                                                                                                                                         |   |     |    |   |     |   |   |   |
| **Cash                    flows from investing activities:**                                                                                                 |   |     |    |   |     |   |   |   |
|    Purchases                    of securities available for sale                                                                              |   |     | (21,947 | )      |     |   | (11,831 | ) |
|    Proceeds                    from sales of securities available for sale                                                                    |   |     | 5,424   |   |     |   | - |   |
|    Proceeds                    from  maturities, calls and principal repayments of securities                    available for sale |   |     | 45,146  |   |     |   | 23,104 |   |
|    Purchases                    of securities held to maturity                                                                                |   |     | (675    | )      |     |   | - |   |
|    Proceeds                    from  maturities, calls and principal repayments of securities                    held to maturity   |   |     | 225     |   |     |   | 25 |   |
|    Investment                    in short term time deposits                                                                                  |   |     | (1,004  | )      |     |   | - |   |
|    Purchases                    of Federal Home Loan Bank of Boston stock                                                                     |   |     | (611    | )      |     |   | (569 | ) |
|    Proceeds                    from sales of other real estate owned                                                                          |   |     | 576     |   |     |   | 1,568 |   |
|    Net                    loan originations and principal repayments                                                                          |   |     | (43,545 | )      |     |   | (59,784 | ) |
|    Proceeds                    from sales of loans                                                                                            |   |     | 1,881   |   |     |   | - |   |
|    Purchases                    of property and equipment                                                                                     |   |     | (298    | )      |     |   | (652 | ) |
|    Cash                    paid to acquire Levine Financial Group                                                                             |   |     | (55     | )      |     |   | (100 | ) |
| Net                    cash used in investing activities                                                                                                     |   |     | (14,883 | )      |     |   | (48,239 | ) |
|                                                                                                                                                         |   |     |    |   |     |   |   |   |
| **Cash                    flows from financing activities:**                                                                                                 |   |     |    |   |     |   |   |   |
|    Net                    increase in deposits                                                                                                |   |     | 40,067  |   |     |   | 43,339 |   |
|    Proceeds                    of Federal Home Loan Bank of Boston advances                                                                   |   |     | 53,000  |   |     |   | 65,307 |   |
|    Repayments                    of Federal Home Loan Bank of Boston advances                                                                 |   |     | (80,287 | )      |     |   | (52,197 | ) |
|    Net                    decrease in repurchase agreements                                                                                   |   |     | (2,435  | )      |     |   | (1,625 | ) |
|    Net                    decrease in escrow funds held for borrowers                                                                         |   |     | (8      | )      |     |   | (165 | ) |
|    Treasury                    stock purchases                                                                                                |   |     | (1,209  | )      |     |   | - |   |
|    Cash                    dividends paid                                                                                                     |   |     | (881    | )      |     |   | (741 | ) |
|    Payments                    on capitalized lease obligation                                                                                |   |     | (85     | )      |     |   | - |   |
| Net                    cash provided by financing activities                                                                                                 |   |     | 8,162   |   |     |   | 53,918 |   |
| (Decrease)                    increase in cash and cash equivalents                                                                                          |   |     | (4,858  | )      |     |   | 8,135 |   |
| Cash                    and cash equivalents at beginning of period                                                                                          |   |     | 25,419  |   |     |   | 15,843 |   |
| Cash                    and cash equivalents at end of  period                                                                                     |   | $        | 20,561  |   |     | $      | 23,978 |   |
|                                                                                                                                                         |   |     |    |   |     |   |   |   |
| **Supplemental                    Disclosure of Cash Flow Information:**                                                                                     |   |     |    |   |     |   |   |   |
| Cash                    paid during the period:                                                                                                              |   |     |    |   |     |   |   |   |
|    Interest                    on deposits, borrowings and other interest bearing                    liabilities                              |   | $        | 14,854  |   |     | $      | 11,143 |   |
|    Income                    taxes – net                                                                                                |   |     | 2,463   |   |     |   | 867 |   |
| Non-cash                    item:                                                                                                                            |   |     |    |   |     |   |   |   |
|    Capitalized                    lease asset and obligation                                                                                  |   | $        | 1,932   |   |     | $      | - |   |
|                                                                                                                                                         |   |     |    |   |     |   |   |   |

**.**

----

*Index*

**UNITED        FINANCIAL BANCORP, INC. AND SUBSIDIARY**

**NOTES        TO UNAUDITED CONSOLIDATED FINANCIAL        STATEMENTS**

**JUNE        30, 2007**

**Dollars        in Thousands (except per share amounts)**

----

**NOTE        A – BASIS OF PRESENTATION**

**NOTE        B – RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS**

----

*Index*

**NOTE        C – CRITICAL ACCOUNTING POLICIES**

**NOTE        D – EARNINGS PER SHARE**

|                                                                                |   |                                             |       |   |                                           |   |       |     |   |   |       |   |
|-------------------------------------------------------------------------------------|--------|--------------------------------------------------|------------|--------|------------------------------------------------|--------|------------|----------|--------|--------|------------|--------|
|                                                                                |   | **Three                  Months Ended June 30,** |       |   | **Six                  Months Ended June 30,** |   |
|                                                                                |   | **2007**                                         |       |   | **2006**                                       |   |       | **2007** |   |   | **2006**   |   |
|                                                                                |   |                                             |       |   |                                           |   |       |     |   |   |       |   |
| Net                  income                                                         |   | $                                                | 978        |   |                                           | $      | 1,290      |     |   | $      | 1,812      |   |   | $ | 2,645 |   |
| Weighted                  average common shares applicable to                       |   |                                             |       |   |                                           |   |       |     |   |   |       |   |   |   |   |   |
|    basic                  EPS                                        |   |                                             | 16,226,449 |   |                                           |   | 16,608,783 |     |   |   | 16,249,929 |   |   |   | 16,604,775 |   |
| Effect                  of dilutive potential                  common shares (1, 2) |   |                                             | 83,428     |   |                                           |   | -          |     |   |   | 71,465     |   |   |   | - |   |
| Weighted                  average common shares applicable to                       |   |                                             |       |   |                                           |   |       |     |   |   |       |   |   |   |   |   |
|    diluted                  EPS                                      |   |                                             | 16,309,877 |   |                                           |   | 16,608,783 |     |   |   | 16,321,394 |   |   |   | 16,604,775 |   |
|                                                                                |   |                                             |       |   |                                           |   |       |     |   |   |       |   |   |   |   |   |
| Earnings                  per share:                                                |   |                                             |       |   |                                           |   |       |     |   |   |       |   |   |   |   |   |
|    Basic                                                             |   | $                                                | 0.06       |   |                                           | $      | 0.08       |     |   | $      | 0.11       |   |   | $ | 0.16 |   |
|    Diluted                                                           |   | $                                                | 0.06       |   |                                           | $      | 0.08       |     |   | $      | 0.11       |   |   | $ | 0.16 |   |
|                                                                           |   |                                             |       |   |                                           |   |       |     |   |   |       |   |   |   |   |   |

| (1)                     For the three and six months ended June 30, 2007, options to purchase                  739,500 shares were outstanding but not included in the                  computation of earnings per share because they were                  antidilutive. |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                                                                                                              |
| (2)                     Includes incremental shares related to stock options and restricted                  stock.                                                                                                                                                        |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

*Index*

**NOTE        E – LOANS**

|                                                          |   | **June                    30,** |    |   | **December                    31,** |   |
|---------------------------------------------------------------|--------|---------------------------------|---------|--------|-------------------------------------|--------|
|                                                          |   | **2007**                        |    |   | **2006**                            |   |
|                                                          |   |                            |    |   |                                |   |
| One-to-four                    family residential real estate |   | $                               | 329,199 |   |                                | $      | 319,108 |   |
| Commercial                    real estate                     |   |                            | 198,938 |   |                                |   | 175,564 |   |
| Construction                                                  |   |                            | 52,191  |   |                                |   | 54,759 |   |
| Home                    equity loans                          |   |                            | 116,939 |   |                                |   | 112,739 |   |
| Commercial                    and industrial                  |   |                            | 75,544  |   |                                |   | 69,762 |   |
| Consumer                                                      |   |                            | 30,751  |   |                                |   | 30,181 |   |
|    Total                    loans              |   |                            | 803,562 |   |                                |   | 762,113 |   |
|                                                          |   |                            |    |   |                                |   |   |   |
| Net                    deferred loan costs and fees           |   |                            | 1,395   |   |                                |   | 1,285 |   |
| Allowance                    for loan losses                  |   |                            | (7,721  | )      |                                |   | (7,218 | ) |
|    Loans,                    net               |   | $                               | 797,236 |   |                                | $      | 756,180 |   |
|                                                          |   |                            |    |   |                                |   |   |   |

**NOTE        F – NON-PERFORMING ASSETS**

|                                                                                   |   |                               |   |   |                                   |   |
|----------------------------------------------------------------------------------------|--------|------------------------------------|--------|--------|----------------------------------------|--------|
|                                                                                   |   | **At                    June 30,** |   |   | **At                    December 31,** |   |
|                                                                                   |   | **2007**                           |   |   | **2006**                               |   |
|                                                                                   |   |                               |   |   |                                   |   |
| Non-accrual                    loans:                                                  |   |                               |   |   |                                   |   |
|    Residential                    mortgages                             |   | $                                  | 268    |   |                                   | $      | - |   |
|    Commercial                    mortgages                              |   |                               | 2,384  |   |                                   |   | 1,144 |   |
|    Home                    equity                                       |   |                               | 52     |   |                                   |   | 20 |   |
|    Commercial                    and industrial                         |   |                               | 268    |   |                                   |   | 123 |   |
|    Other                    consumer                                    |   |                               | -      |   |                                   |   | 1 |   |
|       Total                    non-accrual loans         |   |                               | 2,972  |   |                                   |   | 1,288 |   |
|                                                                                   |   |                               |   |   |                                   |   |   |   |
| Accruing                    loans 90 days or more past due                             |   |                               | -      |   |                                   |   | - |   |
|                                                                                   |   |                               |   |   |                                   |   |   |   |
| Total                    non-performing loans                                          |   |                               | 2,972  |   |                                   |   | 1,288 |   |
|                                                                                   |   |                               |   |   |                                   |   |   |   |
| Other                    real estate owned                                             |   |                               | -      |   |                                   |   | 562 |   |
|       Total                    non-performing assets     |   | $                                  | 2,972  |   |                                   | $      | 1,850 |   |
|                                                                                   |   |                               |   |   |                                   |   |   |   |
| Ratios:                                                                                |   |                               |   |   |                                   |   |   |   |
|    Total                    non-performing loans to total loans         |   |                               | 0.37   | %      |                                   |   | 0.17 | % |
|    Total                    non-performing assets to total assets       |   |                               | 0.29   | %      |                                   |   | 0.18 | % |
|    Allowance                    for loan losses to non-performing loans |   |                               | 259.79 | %      |                                   |   | 560.40 | % |

----

*Index*

**NOTE        G – ALLOWANCE FOR LOAN LOSSES**

|                                                             |   |                                                       |   |   |     |   |
|------------------------------------------------------------------|--------|------------------------------------------------------------|--------|--------|----------|--------|
|                                                             |   | **For                      the Six Months Ended June 30,** |   |
|                                                             |   | **2007**                                                   |   |   | **2006** |   |
|                                                             |   |                                                       |   |   |     |   |
|                                                             |   |                                                       |   |   |     |   |
| Balance                      at beginning of period              |   | $                                                          | 7,218  |   |     | $      | 6,382 |   |
| Provision                      for loan losses                   |   |                                                       | 604    |   |     |   | 462 |   |
| Charge-offs                                                      |   |                                                       | (107   | )      |     |   | (58 | ) |
| Recoveries                                                       |   |                                                       | 6      |   |     |   | 39 |   |
| Balance                      at end of period                    |   | $                                                          | 7,721  |   |     | $      | 6,825 |   |
|                                                             |   |                                                       |   |   |     |   |   |   |
| Ratios:                                                          |   |                                                       |   |   |     |   |   |   |
| Net                      charge-offs to average loans            |   |                                                       |   |   |     |   |   |   |
|    outstanding                                    |   |                                                       | 0.03   | %      |     |   | 0.01 | % |
| Allowance                      for loan losses to non-performing |   |                                                       |   |   |     |   |   |   |
|    loans                      at end of period    |   |                                                       | 259.79 | %      |     |   | 294.82 | % |
| Allowance                      for loan losses to total          |   |                                                       |   |   |     |   |   |   |
|    loans                      at end of period    |   |                                                       | 0.96   | %      |     |   | 0.98 | % |
|                                                             |   |                                                       |   |   |     |   |   |   |

**NOTE        H – COMMITMENTS**

|                                              |   |                            |    |   |                                |   |
|---------------------------------------------------|--------|---------------------------------|---------|--------|-------------------------------------|--------|
|                                              |   | **June                    30,** |    |   | **December                    31,** |   |
|                                              |   | **2007**                        |    |   | **2006**                            |   |
|                                              |   |                            |    |   |                                |   |
| Unused                    lines of credit         |   | $                               | 142,173 |   |                                | $      | 135,374 |   |
| Amounts                    due mortgagors         |   |                            | 36,525  |   |                                |   | 34,742 |   |
| Standby                    letters of credit      |   |                            | 973     |   |                                |   | 879 |   |
| Commitments                    to originate loans |   |                            | 23,977  |   |                                |   | 42,551 |   |

----

*Index*

**NOTE        I – DEPOSITS**

|                                       |   | **June                    30,** |    |   | **December                    31,** |   |
|--------------------------------------------|--------|---------------------------------|---------|--------|-------------------------------------|--------|
|                                       |   | **2007**                        |    |   | **2006**                            |   |
|                                       |   |                            |    |   |                                |   |
| Demand                                     |   | $                               | 104,773 |   |                                | $      | 97,190 |   |
| NOW                                        |   |                            | 42,258  |   |                                |   | 37,523 |   |
| Regular                    savings         |   |                            | 63,431  |   |                                |   | 65,475 |   |
| Money                    market            |   |                            | 176,633 |   |                                |   | 165,984 |   |
| Certificates                    of deposit |   |                            | 338,658 |   |                                |   | 319,514 |   |
|                                       |   | $                               | 725,753 |   |                                | $      | 685,686 |   |

**NOTE        J – CONTINGENCIES**

**NOTE        K – SECOND STAGE CONVERSION**

**ITEM        2.  Management’s Discussion and Analysis of Financial        Condition and Results of Operations**

**Forward-Looking        Statements**

----

*Index*

**Comparison        of Financial Condition at June 30, 2007 and December 31,        2006**

**Comparison        of Operating Results for the Three Months Ended June        30, 2007 and        2006**

**Overview**

----

*Index*

***Net        Income.  ***

***Average        balances and yields***

----

*Index*

|                                                                                  |   | **Three                    Months Ended June 30,**                       |      |
|---------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------|-----------|
|                                                                                  |   | **2007**                                                                                |      |   | **2006**       |   |
|                                                                                  |   |                                                                                                                  |      |   | **Interest** |   |   |   |   |   |   |   |   | **Interest** |   |   |   |   |
|                                                                                  |   | **Average**                                                                                                           |      |   | **and** |   |   | **Yield/** |   |   | **Average** |   |   | **and** |   |   | **Yield/** |   |
|                                                                                  |   | **Balance**                                                                                                           |      |   | **Dividends** |   |   | **Cost** |   |   | **Balance** |   |   | **Dividends** |   |   | **Cost** |   |
|                                                                                  |   |    **(Dollars                    in thousands)**          |      |
|                                                                                  |   |                                                                                                                  |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Interest-earning                    assets:**                                       |   |                                                                                                                  |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans:                                                                                |   |                                                                                                                  |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Residential                    real estate                                |   | $                                                                                                                     | 340,716   |   |   | $ | 4,809 |   |   |   | 5.65 | % |   | $ | 300,282 |   |   | $ | 4,189 |   |   |   | 5.58 | % |
|   Commercial                    real estate                                 |   |                                                                                                                  | 236,840   |   |   |   | 3,898 |   |   |   | 6.58 | % |   |   | 181,412 |   |   |   | 2,882 |   |   |   | 6.35 | % |
|   Home                    equity loans                                      |   |                                                                                                                  | 118,140   |   |   |   | 1,938 |   |   |   | 6.56 | % |   |   | 96,529 |   |   |   | 1,542 |   |   |   | 6.39 | % |
|   Commercial                    and industrial                              |   |                                                                                                                  | 71,990    |   |   |   | 1,323 |   |   |   | 7.35 | % |   |   | 62,586 |   |   |   | 1,126 |   |   |   | 7.20 | % |
|   Consumer                    and other                                     |   |                                                                                                                  | 30,065    |   |   |   | 382 |   |   |   | 5.08 | % |   |   | 28,599 |   |   |   | 337 |   |   |   | 4.71 | % |
|     Total                    loans                                |   |                                                                                                                  | 797,751   |   |   |   | 12,350 |   |   |   | 6.19 | % |   |   | 669,408 |   |   |   | 10,076 |   |   |   | 6.02 | % |
| Investment                    securities                                              |   |                                                                                                                  | 166,163   |   |   |   | 1,854 |   |   |   | 4.46 | % |   |   | 220,844 |   |   |   | 2,261 |   |   |   | 4.10 | % |
| Other                    interest-earning assets                                      |   |                                                                                                                  | 21,605    |   |   |   | 309 |   |   |   | 5.72 | % |   |   | 24,475 |   |   |   | 288 |   |   |   | 4.71 | % |
|     Total                    interest-earning assets              |   |                                                                                                                  | 985,519   |   |   |   | 14,513 |   |   |   | 5.89 | % |   |   | 914,727 |   |   |   | 12,625 |   |   |   | 5.52 | % |
| Noninterest-earning                    assets                                         |   |                                                                                                                  | 32,990    |   |   |   |   |   |   |   |   |   |   |   | 30,540 |   |   |   |   |   |   |   |   |   |
|     Total                    assets                               |   | $                                                                                                                     | 1,018,509 |   |   |   |   |   |   |   |   |   |   | $ | 945,267 |   |   |   |   |   |   |   |   |   |
|                                                                                  |   |                                                                                                                  |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Interest-bearing                    liabilities:**                                  |   |                                                                                                                  |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Savings                    accounts                                                   |   | $                                                                                                                     | 65,304    |   |   |   | 149 |   |   |   | 0.91 | % |   | $ | 81,625 |   |   |   | 169 |   |   |   | 0.83 | % |
| Money                    market accounts                                              |   |                                                                                                                  | 180,940   |   |   |   | 1,442 |   |   |   | 3.19 | % |   |   | 160,432 |   |   |   | 1,255 |   |   |   | 3.13 | % |
| NOW                    accounts                                                       |   |                                                                                                                  | 34,959    |   |   |   | 47 |   |   |   | 0.54 | % |   |   | 35,753 |   |   |   | 23 |   |   |   | 0.26 | % |
| Certificates                    of deposit                                            |   |                                                                                                                  | 335,626   |   |   |   | 3,839 |   |   |   | 4.58 | % |   |   | 316,150 |   |   |   | 3,217 |   |   |   | 4.07 | % |
|     Total                    interest-bearing deposits            |   |                                                                                                                  | 616,829   |   |   |   | 5,477 |   |   |   | 3.55 | % |   |   | 593,960 |   |   |   | 4,664 |   |   |   | 3.14 | % |
| FHLB                    advances                                                      |   |                                                                                                                  | 149,853   |   |   |   | 1,779 |   |   |   | 4.75 | % |   |   | 111,316 |   |   |   | 1,122 |   |   |   | 4.03 | % |
| Other                    interest-bearing liabilities                                 |   |                                                                                                                  | 10,997    |   |   |   | 122 |   |   |   | 4.44 | % |   |   | 6,898 |   |   |   | 74 |   |   |   | 4.29 | % |
|     Total                    interest-bearing liabilities         |   |                                                                                                                  | 777,679   |   |   |   | 7,378 |   |   |   | 3.79 | % |   |   | 712,174 |   |   |   | 5,860 |   |   |   | 3.29 | % |
| Demand                    deposits                                                    |   |                                                                                                                  | 98,343    |   |   |   |   |   |   |   |   |   |   |   | 92,671 |   |   |   |   |   |   |   |   |   |
| Other                    noninterest-bearing liabilities                              |   |                                                                                                                  | 3,591     |   |   |   |   |   |   |   |   |   |   |   | 2,782 |   |   |   |   |   |   |   |   |   |
|     Total                    liabilities                          |   |                                                                                                                  | 879,613   |   |   |   |   |   |   |   |   |   |   |   | 807,627 |   |   |   |   |   |   |   |   |   |
| Stockholders'                    equity                                               |   |                                                                                                                  | 138,896   |   |   |   |   |   |   |   |   |   |   |   | 137,640 |   |   |   |   |   |   |   |   |   |
|     Total                    liabilities and stockholders' equity |   | $                                                                                                                     | 1,018,509 |   |   |   |   |   |   |   |   |   |   | $ | 945,267 |   |   |   |   |   |   |   |   |   |
|                                                                                  |   |                                                                                                                  |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                    interest income                                                |   |                                                                                                                  |      |   |   | $ | 7,135 |   |   |   |   |   |   |   |   |   |   | $ | 6,765 |   |   |   |   |   |
| Interest                    rate spread(1)                                            |   |                                                                                                                  |      |   |   |   |   |   |   |   | 2.10 | % |   |   |   |   |   |   |   |   |   |   | 2.23 | % |
| Net                    interest-earning assets(2)                                     |   | $                                                                                                                     | 207,840   |   |   |   |   |   |   |   |   |   |   | $ | 202,553 |   |   |   |   |   |   |   |   |   |
| Net                    interest margin(3)                                             |   |                                                                                                                  |      |   |   |   |   |   |   |   | 2.90 | % |   |   |   |   |   |   |   |   |   |   | 2.96 | % |
| Average                    interest-earning assets to                                 |   |                                                                                                                  |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      average                    interest-bearing liabilities |   |                                                                                                                  |      |   |   |   |   |   |   |   | 126.73 | % |   |   |   |   |   |   |   |   |   |   | 128.44 | % |

|   | (1) | Net                  interest rate spread represents the difference between the yield                  on                  average interest-earning assets and the cost of average                  interest-bearing   liabilities. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | Net                  interest-earning assets represents total interest-earning assets                  less                  total interest-bearing liabilities. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (3) | Net                  interest margin represents net interest income divided by average                  total                  interest-earning assets. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------|

***Rate/Volume        Analysis.***

----

*Index*

|                                                                                |   |                                                                      |   |   |     |   |   |    |   |
|-------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------|--------|--------|----------|--------|--------|---------|--------|
|                                                                                |   | **Three                    Months Ended June 30**                         |   |
|                                                                                |   | **2007                    vs. 2006**        |   |
|                                                                                |   | **Increase                    (Decrease) Due to**          |   |
|                                                                                |   | **Volume**                                                                |   |   | **Rate** |   |   | **Net** |   |
|                                                                                |   | **(In                    thousands)**       |   |
|                                                                                |   |                                                                      |   |   |     |   |   |    |   |
| **Interest-earning                    assets:**                                     |   |                                                                      |   |   |     |   |   |    |   |
| Loans:                                                                              |   |                                                                      |   |   |     |   |   |    |   |
|   Residential                    real estate                              |   | $                                                                         | 570    |   |     | $      | 50     |    |   | $ | 620 |   |
|   Commercial                    real estate                               |   |                                                                      | 910    |   |     |   | 106    |    |   |   | 1,016 |   |
|   Home                    equity loans                                    |   |                                                                      | 353    |   |     |   | 43     |    |   |   | 396 |   |
|   Commercial                    and industrial                            |   |                                                                      | 173    |   |     |   | 24     |    |   |   | 197 |   |
|   Consumer                    and other                                   |   |                                                                      | 17     |   |     |   | 28     |    |   |   | 45 |   |
|      Total                    loans                        |   |                                                                      | 2,023  |   |     |   | 251    |    |   |   | 2,274 |   |
| Investment                    securities                                            |   |                                                                      | (597   | )      |     |   | 190    |    |   |   | (407 | ) |
| Other                    interest-earning assets                                    |   |                                                                      | (36    | )      |     |   | 57     |    |   |   | 21 |   |
|      Total                    interest-earning assets      |   |                                                                      | 1,390  |   |     |   | 498    |    |   |   | 1,888 |   |
|                                                                                |   |                                                                      |   |   |     |   |   |    |   |   |   |   |
| **Interest-bearing                    liabilities:**                                |   |                                                                      |   |   |     |   |   |    |   |   |   |   |
| Savings                    accounts                                                 |   |                                                                      | (36    | )      |     |   | 16     |    |   |   | (20 | ) |
| Money                    market accounts                                            |   |                                                                      | 163    |   |     |   | 24     |    |   |   | 187 |   |
| NOW                    accounts                                                     |   |                                                                      | (1     | )      |     |   | 25     |    |   |   | 24 |   |
| Certificates                    of deposit                                          |   |                                                                      | 206    |   |     |   | 416    |    |   |   | 622 |   |
|      Total                    interest-bearing deposits    |   |                                                                      | 332    |   |     |   | 481    |    |   |   | 813 |   |
| FHLB                    advances                                                    |   |                                                                      | 434    |   |     |   | 223    |    |   |   | 657 |   |
| Other                    interest-bearing liabilities                               |   |                                                                      | 46     |   |     |   | 2      |    |   |   | 48 |   |
|      Total                    interest-bearing liabilities |   |                                                                      | 812    |   |     |   | 706    |    |   |   | 1,518 |   |
|                                                                                |   |                                                                      |   |   |     |   |   |    |   |   |   |   |
| Change                    in net interest income                                    |   | $                                                                         | 578    |   |     | $      | (208   | )       |   | $ | 370 |   |
|                                                                                |   |                                                                      |   |   |     |   |   |    |   |   |   |   |

***Net        Interest Income Before Provision for Loan Losses.  ***

***Interest        Income.***

----

*Index*

***Interest        Expense.  ***

***Provision        for Loan Losses.***

***Non-interest        Income.***

***Non-interest        Expense.***

***Income        Tax        Expense***
**.**

----

*Index*

**Comparison        of Operating Results for the Six Months Ended June 30, 2007 and        2006**

***Net        Income.  ***

***Average        balances and yields***

----

*Index*

|                                                                                  |   | **Six                    Months Ended June 30,**          |      |
|---------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------|-----------|
|                                                                                  |   | **2007**                                                                 |      |   | **2006**       |   |
|                                                                                  |   |                                                                                                   |      |   | **Interest** |   |   |   |   |   |   |   |   | **Interest** |   |   |   |   |
|                                                                                  |   | **Average**                                                                                            |      |   | **and** |   |   | **Yield/** |   |   | **Average** |   |   | **and** |   |   | **Yield/** |   |
|                                                                                  |   | **Balance**                                                                                            |      |   | **Dividends** |   |   | **Cost** |   |   | **Balance** |   |   | **Dividends** |   |   | **Cost** |   |
|                                                                                  |   |    **(Dollars                    in thousands)**                                   |      |
|                                                                                  |   |                                                                                                   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                  |   |                                                                                                   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Interest-earning                    assets:**                                       |   |                                                                                                   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans:                                                                                |   |                                                                                                   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Residential                    real estate                                |   | $                                                                                                      | 338,814   |   |   | $ | 9,555 |   |   |   | 5.64 | % |   | $ | 298,182 |   |   | $ | 8,272 |   |   |   | 5.55 | % |
|   Commercial                    real estate                                 |   |                                                                                                   | 231,046   |   |   |   | 7,601 |   |   |   | 6.58 | % |   |   | 175,528 |   |   |   | 5,662 |   |   |   | 6.45 | % |
|   Home                    equity loans                                      |   |                                                                                                   | 116,934   |   |   |   | 3,812 |   |   |   | 6.52 | % |   |   | 92,943 |   |   |   | 2,937 |   |   |   | 6.32 | % |
|   Commercial                    and industrial                              |   |                                                                                                   | 70,363    |   |   |   | 2,581 |   |   |   | 7.34 | % |   |   | 60,887 |   |   |   | 2,145 |   |   |   | 7.05 | % |
|   Consumer                    and other                                     |   |                                                                                                   | 29,929    |   |   |   | 756 |   |   |   | 5.05 | % |   |   | 27,658 |   |   |   | 660 |   |   |   | 4.77 | % |
|     Total                    loans                                |   |                                                                                                   | 787,086   |   |   |   | 24,305 |   |   |   | 6.18 | % |   |   | 655,198 |   |   |   | 19,676 |   |   |   | 6.01 | % |
| Investment                    securities                                              |   |                                                                                                   | 173,287   |   |   |   | 3,836 |   |   |   | 4.43 | % |   |   | 224,091 |   |   |   | 4,566 |   |   |   | 4.08 | % |
| Other                    interest-earning assets                                      |   |                                                                                                   | 24,944    |   |   |   | 684 |   |   |   | 5.48 | % |   |   | 23,251 |   |   |   | 529 |   |   |   | 4.55 | % |
|     Total                    interest-earning assets              |   |                                                                                                   | 985,317   |   |   |   | 28,825 |   |   |   | 5.85 | % |   |   | 902,540 |   |   |   | 24,771 |   |   |   | 5.49 | % |
| Noninterest-earning                    assets                                         |   |                                                                                                   | 32,128    |   |   |   |   |   |   |   |   |   |   |   | 30,737 |   |   |   |   |   |   |   |   |   |
|     Total                    assets                               |   | $                                                                                                      | 1,017,445 |   |   |   |   |   |   |   |   |   |   | $ | 933,277 |   |   |   |   |   |   |   |   |   |
|                                                                                  |   |                                                                                                   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Interest-bearing                    liabilities:**                                  |   |                                                                                                   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Savings                    accounts                                                   |   | $                                                                                                      | 65,114    |   |   |   | 289 |   |   |   | 0.89 | % |   | $ | 83,230 |   |   |   | 344 |   |   |   | 0.83 | % |
| Money                    market accounts                                              |   |                                                                                                   | 177,586   |   |   |   | 2,799 |   |   |   | 3.15 | % |   |   | 160,974 |   |   |   | 2,437 |   |   |   | 3.03 | % |
| NOW                    accounts                                                       |   |                                                                                                   | 34,547    |   |   |   | 91 |   |   |   | 0.53 | % |   |   | 35,607 |   |   |   | 44 |   |   |   | 0.25 | % |
| Certificates                    of deposit                                            |   |                                                                                                   | 329,837   |   |   |   | 7,479 |   |   |   | 4.53 | % |   |   | 301,664 |   |   |   | 5,881 |   |   |   | 3.90 | % |
|     Total                    interest-bearing deposits            |   |                                                                                                   | 607,084   |   |   |   | 10,658 |   |   |   | 3.51 | % |   |   | 581,475 |   |   |   | 8,706 |   |   |   | 2.99 | % |
| FHLB                    advances                                                      |   |                                                                                                   | 160,232   |   |   |   | 3,802 |   |   |   | 4.75 | % |   |   | 111,975 |   |   |   | 2,240 |   |   |   | 4.00 | % |
| Other                    interest-bearing liabilities                                 |   |                                                                                                   | 11,812    |   |   |   | 274 |   |   |   | 4.64 | % |   |   | 7,882 |   |   |   | 153 |   |   |   | 3.88 | % |
|     Total                    interest-bearing liabilities         |   |                                                                                                   | 779,128   |   |   |   | 14,734 |   |   |   | 3.78 | % |   |   | 701,332 |   |   |   | 11,099 |   |   |   | 3.17 | % |
| Demand                    deposits                                                    |   |                                                                                                   | 96,333    |   |   |   |   |   |   |   |   |   |   |   | 91,182 |   |   |   |   |   |   |   |   |   |
| Other                    noninterest-bearing liabilities                              |   |                                                                                                   | 3,386     |   |   |   |   |   |   |   |   |   |   |   | 3,059 |   |   |   |   |   |   |   |   |   |
|     Total                    liabilities                          |   |                                                                                                   | 878,847   |   |   |   |   |   |   |   |   |   |   |   | 795,573 |   |   |   |   |   |   |   |   |   |
| Stockholders'                    equity                                               |   |                                                                                                   | 138,598   |   |   |   |   |   |   |   |   |   |   |   | 137,704 |   |   |   |   |   |   |   |   |   |
|     Total                    liabilities and stockholders' equity |   | $                                                                                                      | 1,017,445 |   |   |   |   |   |   |   |   |   |   | $ | 933,277 |   |   |   |   |   |   |   |   |   |
|                                                                                  |   |                                                                                                   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                    interest income                                                |   |                                                                                                   |      |   |   | $ | 14,091 |   |   |   |   |   |   |   |   |   |   | $ | 13,672 |   |   |   |   |   |
| Interest                    rate spread(1)                                            |   |                                                                                                   |      |   |   |   |   |   |   |   | 2.07 | % |   |   |   |   |   |   |   |   |   |   | 2.32 | % |
| Net                    interest-earning assets(2)                                     |   | $                                                                                                      | 206,189   |   |   |   |   |   |   |   |   |   |   | $ | 201,208 |   |   |   |   |   |   |   |   |   |
| Net                    interest margin(3)                                             |   |                                                                                                   |      |   |   |   |   |   |   |   | 2.86 | % |   |   |   |   |   |   |   |   |   |   | 3.03 | % |
| Average                    interest-bearing assets to                                 |   |                                                                                                   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      average                    interest-bearing liabilities |   |                                                                                                   |      |   |   |   |   |   |   |   | 126.46 | % |   |   |   |   |   |   |   |   |   |   | 128.69 | % |

| (1) | Net                  interest rate spread represents the difference between the yield                  on                  average interest-earning assets and the cost of average interest-bearing                  liabilities. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Net                  interest-earning assets represents total interest-earning assets                  less                  total interest-bearing liabilities. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Net                  interest margin represents net interest income divided by average                  total                  interest-earning assets. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------|

***Rate/Volume        Analysis***

----

*Index*

|                                                                                |   | **Six                    Months Ended June 30**            |   |
|-------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------|--------|
|                                                                                |   | **2007                    vs. 2006**        |   |
|                                                                                |   | **Increase                    (Decrease) Due to**          |   |
|                                                                                |   | **Volume**                                                                |   |   | **Rate** |   |   | **Net** |   |
|                                                                                |   | **(In                    thousands)**       |   |
|                                                                                |   |                                                                      |   |   |   |   |   |   |   |
| **Interest-earning                    assets:**                                     |   |                                                                      |   |   |   |   |   |   |   |
| Loans:                                                                              |   |                                                                      |   |   |   |   |   |   |   |
|   Residential                    real estate                              |   | $                                                                         | 1,144  |   |   | $ | 139 |   |   | $ | 1,283 |   |
|   Commercial                    real estate                               |   |                                                                      | 1,825  |   |   |   | 114 |   |   |   | 1,939 |   |
|   Home                    equity loans                                    |   |                                                                      | 779    |   |   |   | 96 |   |   |   | 875 |   |
|   Commercial                    and industrial                            |   |                                                                      | 345    |   |   |   | 91 |   |   |   | 436 |   |
|   Consumer                    and other                                   |   |                                                                      | 56     |   |   |   | 40 |   |   |   | 96 |   |
|      Total                    loans                        |   |                                                                      | 4,149  |   |   |   | 480 |   |   |   | 4,629 |   |
| Investment                    securities                                            |   |                                                                      | (1,099 | ) |   |   | 369 |   |   |   | (730 | ) |
| Other                    interest-earning assets                                    |   |                                                                      | 41     |   |   |   | 114 |   |   |   | 155 |   |
|      Total                    interest-earning assets      |   |                                                                      | 3,091  |   |   |   | 963 |   |   |   | 4,054 |   |
|                                                                                |   |                                                                      |   |   |   |   |   |   |   |   |   |   |
| **Interest-bearing                    liabilities:**                                |   |                                                                      |   |   |   |   |   |   |   |   |   |   |
| Savings                    accounts                                                 |   |                                                                      | (79    | ) |   |   | 24 |   |   |   | (55 | ) |
| Money                    market accounts                                            |   |                                                                      | 258    |   |   |   | 104 |   |   |   | 362 |   |
| NOW                    accounts                                                     |   |                                                                      | (1     | ) |   |   | 48 |   |   |   | 47 |   |
| Certificates                    of deposit                                          |   |                                                                      | 582    |   |   |   | 1,016 |   |   |   | 1,598 |   |
|      Total                    interest-bearing deposits    |   |                                                                      | 760    |   |   |   | 1,192 |   |   |   | 1,952 |   |
| FHLB                    advances                                                    |   |                                                                      | 1,091  |   |   |   | 471 |   |   |   | 1,562 |   |
| Other                    interest-bearing liabilities                               |   |                                                                      | 87     |   |   |   | 34 |   |   |   | 121 |   |
|      Total                    interest-bearing liabilities |   |                                                                      | 1,938  |   |   |   | 1,697 |   |   |   | 3,635 |   |
|                                                                                |   |                                                                      |   |   |   |   |   |   |   |   |   |   |
| Change                    in net interest income                                    |   | $                                                                         | 1,153  |   |   | $ | (734 | ) |   | $ | 419 |   |
|                                                                                |   |                                                                      |   |   |   |   |   |   |   |   |   |   |

***Net        Interest Income Before Provision for Loan Losses.  ***

***Interest        Income.***

----

*Index*

***Interest        Expense.  ***

***Provision        for Loan Losses.***

***Non-interest        Income.***

***Non-interest        Expense.***

***Income        Tax Expense***
**.**

----

*Index*

**Market        Risk, Liquidity and Capital Resources**

***Market        Risk***

| **Net                    Interest Income At-Risk**     |
|----------------------------------------------------------------------------|
|                                                                       |   |   |   |   |
|                                                                       |   | **Estimated                    Increase** |   | **Estimated                    Increase** |
| **Change                    in Interest Rates**                            |   | **(Decrease)                    in NII** |   | **(Decrease)                    in NII** |
| (Basis                    Points)                                          |   | (June                    30, 2007) |   | (December                    31, 2006) |
| -200                                                                       |   | 6.0% |   | 12.1% |
| Stable                                                                     |   | 0.0% |   | 0.0% |
| +200                                                                       |   | (7.5)% |   | (10.9)% |
|                                                                       |   |   |   |   |

----

*Index*

***Liquidity***

***Capital        Resources***

----

*Index*

|                                                                 |   |   |   |
|----------------------------------------------------------------------|--------|--------|--------|
| **As                    of June 30, 2007:**                          |   |   |   |
|                                                                 |   |   |   |
|     Total                    risk-based capital  |   |   | 15.48  | % |
|                                                                 |   |   |   |   |
|     Tier                    1 risk-based capital |   |   | 14.44  | % |
|                                                                 |   |   |   |   |
|     Tier                    1 leverage capital   |   |   | 10.79  | % |
|                                                                 |   |   |   |   |
| **As                    of December 31, 2006:**                      |   |   |   |   |
|                                                                 |   |   |   |   |
|     Total                    risk-based capital  |   |   | 15.86  | % |
|                                                                 |   |   |   |   |
|     Tier                    1 risk-based capital |   |   | 14.83  | % |
|                                                                 |   |   |   |   |
|     Tier                    1 leverage capital   |   |   | 10.82  | % |
|                                                                 |   |   |   |   |

**Off-Balance        Sheet Arrangements**

**ITEM        3.  Quantitative and Qualitative Disclosures About        Market Risk**

**ITEM        4.  Controls and Procedures**

----

*Index*

**PART        II.  OTHER INFORMATION**

**ITEM        1.   Legal Proceedings**

**ITEM        1A.  Risk Factors**

**ITEM        2.  Unregistered Sales of Equity Securities and Use        of        Proceeds**

|                                  |   |                            |   |   |                             |   |   | (c)                                  |   |   | (d)                                       |   |
|---------------------------------------|--------|---------------------------------|--------|--------|----------------------------------|--------|--------|--------------------------------------|--------|--------|-------------------------------------------|--------|
|                                  |   |                            |   |   |                             |   |   | Total                    Number of   |   |   | Maximum                    Number         |   |
|                                  |   |                            |   |   |                             |   |   | Shares                               |   |   | (or                    Approximate        |   |
|                                  |   | (a)                             |   |   | (b)                              |   |   | (or                    Units)        |   |   | Dollar                    Value) of       |   |
|                                  |   | Total                    Number |   |   | Average                    Price |   |   | Purchased                    as Part |   |   | Shares                    (or Units) that |   |
|                                  |   | of                    Shares    |   |   | Paid                    Per      |   |   | of                    Publicly       |   |   | May                    Yet Be             |   |
|                                  |   | (or                    Units)   |   |   | Share                            |   |   | Announced                    Plans   |   |   | Purchased                    Under the    |   |
| Period                                |   | Purchased                       |   |   | (or                    Unit)     |   |   | or                    Programs       |   |   | Plans                    or Programs      |   |
|                                  |   |                            |   |   |                             |   |   |                                 |   |   |                                      |   |
| April                    1 - 30, 2007 |   |                            | 21,068 |   |                             | $      | 14.86  |                                 |   |   | 21,068                                    |   |   |   | 776,571 |   |
|                                  |   |                            |   |   |                             |   |   |                                 |   |   |                                      |   |   |   |   |   |
| May                    1 - 31, 2007   |   |                            | 3,213  |   |                             |   | 14.80  |                                 |   |   | 3,213                                     |   |   |   | 773,358 |   |
|                                  |   |                            |   |   |                             |   |   |                                 |   |   |                                      |   |   |   |   |   |
| June                    1 - 30, 2007  |   |                            | -      |   |                             |   | -      |                                 |   |   | -                                         |   |   |   | 773,358 |   |
|     Total         |   |                            | 24,281 |   |                             | $      | 14.85  |                                 |   |   | 24,281                                    |   |   | N/A |   |

**ITEM        3.   Defaults Upon Senior        Securities**

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*Index*

**ITEM        4.   Submission of Matters to a Vote of Security        Holders**

|   | The                    annual meeting of the stockholders of the Company was held on                    April 19,                    2007.                                                                                                                              |       |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------|
|   |                                                                                                                                                                                                                                                                    |       |   |   |   |   |   |
| 1.     | The                    following individuals were elected as directors, each for a three-year                    term by the following vote:                                                                                                                            |
|   |                                                                                                                                                                                                                                                                    |       |   |   |   |   |   |
|   |                                                                                                                                                                                                                                                                    |       | FOR |   | WITHHELD |   |   |
|   | Michael                    F. Crowley                                                                                                                                                                                                                                   |       | 15,755,457 |   | 164,217 |   |   |
|   | Carol                    Moore Cutting                                                                                                                                                                                                                                  | 15,743,047 |   | 176,627 |   |   |
|   | Carol                    A. Leary                                                                                                                                                                                                                                       |       | 15,747,153 |   | 172,521 |   |   |
|   |                                                                                                                                                                                                                                                                    |       |   |   |   |   |   |
|   | The                    terms of office of the following directors continued after the                    annual                    meeting of stockholders:                                                                                                             |
|   |                                                                                                                                                                                                                                                                    |       |   |   |   |   |   |
|   |                                                                                                                                                                                                                                                                    |       | TERM                    EXPIRING |   |   |   |
|   | Richard                    B. Collins                                                                                                                                                                                                                                   |       | 2008  |   |   |   |
|   | G.                    Todd Marchant                                                                                                                                                                                                                                     |       | 2008  |   |   |   |
|   | Michael                    F. Werenski                                                                                                                                                                                                                                  |       | 2008  |   |   |   |
|   | Kevin                    E. Ross                                                                                                                                                                                                                                        |       | 2009  |   |   |   |
|   | Robert                    A. Stewart, Jr.                                                                                                                                                                                                                               |       | 2009  |   |   |   |
|   | Thomas                    H. Themistos                                                                                                                                                                                                                                  |       | 2009  |   |   |   |
|   |                                                                                                                                                                                                                                                                    |       |   |   |   |   |   |
| 2.     | The                    appointment of Grant Thornton LLP as independent registered public                    accounting firm for the fiscal year ending December 31, 2007                    was ratified                    by the stockholders by the following vote: |
|   |                                                                                                                                                                                                                                                                    |       |   |   |   |   |   |
|   | FOR                                                                                                                                                                                                                                                                     |       | AGAINST |   | ABSTENTIONS |   |
|   |                                                                                                                                                                                                                                                                    |       |   |   |   |   |   |
|   | 15,835,491                                                                                                                                                                                                                                                              |       | 66,411 |   | 17,772  |   |
|   |                                                                                                                                                                                                                                                                    |       |   |   |   |   |   |

**ITEM        5.**
**Other        Information**

----

*Index*

| **ITEM                6. ** | **Exhibits.**                                                                                                                                                                                                                                                                                     |
|----------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                             |                                                                                                                                                                                                                                                                                              |
| 3.1                              | Charter                  of United Financial Bancorp, Inc., as amended (1)                                                                                                                                                                                                                        |
| 3.2                              | Resolution                  and Consent of Sole Stockholder Amending the Charter of United                  Financial                  Bancorp, Inc. (1)                                                                                                                                          |
| 3.3                              | Bylaws                  of United Financial Bancorp, Inc. (3)                                                                                                                                                                                                                                     |
| 4                                | Form                  of Common Stock Certificate of United Financial Bancorp, Inc.                  (1)                                                                                                                                                                                          |
| 10.1                             | Form                  of Employee Stock Ownership Plan (1)                                                                                                                                                                                                                                        |
| 10.2                             | Executive                  Supplemental Compensation Agreement by and between United Bank                  and Richard                  B. Collins (1)                                                                                                                                            |
| 10.3                             | Executive                  Supplemental Compensation Agreement by and between United Bank                  and Keith                  E. Harvey (1)                                                                                                                                               |
| 10.4                             | Executive                  Supplemental Compensation Agreement by and between United Bank                  and John J.                  Patterson (1)                                                                                                                                             |
| 10.5                             | United                  Bank 2004 and 2005 Incentive Plans (1)                                                                                                                                                                                                                                    |
| 10.9                             | Directors                  Fee Continuation Plan (1)                                                                                                                                                                                                                                              |
| 10.10                            | Form                  of Employment Agreement by and between United Bank and Richard                  B. Collins                  (1)                                                                                                                                                             |
| 10.11                            | Form                  of Change in Control Agreement by and between United Bank and certain                  executive officers (1)                                                                                                                                                               |
| 10.12                            | United                  Bank 2006 Stock-Based Incentive Plan (2)                                                                                                                                                                                                                                  |
| 11                               | Statement                  Regarding Computation of Per Share Earnings (refer to Note D of                  Part                  I,                                                                                                                                                              |
|                             | Item                  1- Consolidated Financial Statements)                                                                                                                                                                                                                                       |
| 21                               | Subsidiaries                  of Registrant (1)                                                                                                                                                                                                                                                   |
| 31.1                             | Certification                  of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley                  Act of 2002                                                                                                                                                              |
| 31.2                             | Certification                  of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley                  Act of 2002                                                                                                                                                              |
| 32.1                             | Certification                  of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley                  Act of 2002                                                                                                                                                              |
| 32.2                             | Certification                  of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley                  Act of 2002                                                                                                                                                              |
|                             |                                                                                                                                                                                                                                                                                              |
|                             |                                                                                                                                                                                                                                                                                              |
| (1)                              | Incorporated                  by reference to the Registration Statement on Form S-1 of United                  Financial                  Bancorp, Inc. (file no. 333-123371), originally filed with the                  Securities                  and Exchange Commission on March 16, 2005. |
| (2)                              | Incorporated                  by reference to Appendix B of the Registrant’s definitive Proxy Statement                  for the Company’s 2006 Annual Meeting filed with the Securities and                  Exchange Commission on June 12, 2006.                                   |
| (3)                              | Incorporated                  by reference to the Registrant’s Form 10-Q filed with the Securities and                  Exchange Commission on May 9,                  2007.                                                                                                                |

----

*Index*

**SIGNATURES**

|                                                   | **United                  Financial Bancorp, Inc.** |
|--------------------------------------------------------|-----------------------------------------------------|
|                                                   |                                                |   |
|                                                   |                                                |   |
| Date:                  August 8,                  2007 | By:                                                 | /s/                  Richard B. Collins |
|                                                   |                                                | Richard                  B. Collins |
|                                                   |                                                | Chairman,                  President and Chief Executive Officer |
|                                                   |                                                |   |
|                                                   |                                                |   |
| Date:                  August 8,                  2007 | By:                                                 | /s/                  Mark A. Roberts |
|                                                   |                                                | Mark                  A. Roberts |
|                                                   |                                                | Executive                  Vice President and Chief Financial                  Officer |