| x | ANNUAL      REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|---|------------------------------------------------------------------------------------------------|

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

| Federal                                       |   | 22-3617966                  |
|-----------------------------------------------|--------|-----------------------------|
| (State      or other jurisdiction of          |   | (I.R.S.      Employer       |
| incorporation      or organization)           |   | Identification      Number) |
|                                          |   |                        |
| 370 Pascack Road, Township of      Washington |   | 07676                       |
| (Address      of Principal Executive Offices) |   | Zip      Code               |

| Title of each class                |   | Name of each exchange on which      registered     |
|------------------------------------|--------|------------------------------------------------------------------------|
| Common      Stock, $0.01 par value |   | The      NASDAQ Stock Market, LLC                                      |

| Large      accelerated filer  ̈ | Accelerated      filer x | Non-accelerated      filer  ̈                  | Smaller      reporting company  ̈ |
|-------------------------------------|--------------------------|----------------------------------------------------|---------------------------------------|
|                                |                     | (Do      not check if a smaller reporting company) |                                  |

|   | 1. | Proxy      Statement for the 2009 Annual Meeting of Stockholders of the Registrant      (Part III). |
|--------|----|-----------------------------------------------------------------------------------------------------|

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|          |                                                                                | Page   |
|---------------|-------------------------------------------------------------------------------------|--------|
|     |
| Part I        |
| Item      1.  | Business                                                                            | 2      |
| Item      1A. | Risk      Factors                                                                   | 37     |
| Item      1B. | Unresolved      Staff Comments                                                      | 41     |
| Item      2.  | Properties                                                                          | 41     |
| Item      3.  | Legal      Proceedings                                                              | 41     |
| Item      4.  | Submission      of Matters to a Vote of Security Holders                            | 41     |
|          |                                                                                |   |
| Part II       |
| Item      5.  | Market      for Registrant’s Common Equity, Related StockholderMatters        |   |
|          | and      Issuer Purchases of Equity Securities                                      | 42     |
| Item      6.  | Selected      Financial Data                                                        | 44     |
| Item      7.  | Management’s      Discussion and Analysis of Financial Condition              |   |
|          | and      Results of Operations                                                      | 45     |
| Item      7A. | Quantitative      and Qualitative Disclosures About Market Risk                     | 61     |
| Item      8.  | Financial      Statements and Supplemental Data                                     | 61     |
| Item      9.  | Changes      in and Disagreements with Accountants on Accounting and                |   |
|          | Financial      Disclosure                                                           | 61     |
| Item      9A. | Controls      and Procedures                                                        | 61     |
| Item      9B. | Other      Information                                                              | 62     |
|          |                                                                                |   |
| Part III      |
| Item      10. | Directors,      Executive Officers and Corporate Governance                         | 62     |
| Item      11. | Executive      Compensation                                                         | 62     |
| Item      12. | Security      Ownership of Certain Beneficial Owners and Management                 |   |
|          | and      Related Stockholder Matters                                                | 62     |
| Item      13  | Certain      Relationships and Related Transactions, and Director      Independence | 62     |
| Item      14. | Principal      Accountant Fees and Services                                         | 62     |
|          |                                                                                |   |
| Part IV       |
| Item      15. | Exhibits      and Financial Statement Schedules                                     | 62     |
|          |                                                                                |   |
| Signatures    | 107                                                                                 |

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|                                        |   | At      June 30,            |      |
|---------------------------------------------|--------|-----------------------------|-----------|
|                                        |   | 2009                        |      |   | 2008 |   |   | 2007 |   |   | 2006 |   |   | 2005 |   |
|                                        |   | Amount                      |      |   | Percent |   |   | Amount |   |   | Percent |   |   | Amount |   |   | Percent |   |   | Amount |   |   | Percent |   |   | Amount |   |   | Percent |   |
|                                        |   | (Dollars      in thousands) |      |
| First      mortgage loans:                  |   |                        |      |   |   |   |   |   |   |   |   |   |   |   |   |
| Conventional      one- to four-family       |   | $                           | 265,962   |   |   |   | 20.4 | % |   | $ | 223,087 |   |   |   | 21.8 | % |   | $ | 188,941 |   |   |   | 24.6 | % |   | $ | 165,070 |   |   |   | 25.3 | % |   | $ | 147,284 |   |   |   | 29.4 | % |
| Multifamily      and commercial real estate |   |                        | 839,727   |   |   |   | 64.6 |   |   |   | 597,171 |   |   |   | 58.4 |   |   |   | 451,131 |   |   |   | 58.7 |   |   |   | 379,208 |   |   |   | 58.1 |   |   |   | 271,424 |   |   |   | 54.1 |   |
| Second      mortgage and equity loans       |   |                        | 54,769    |   |   |   | 4.2 |   |   |   | 59,886 |   |   |   | 5.8 |   |   |   | 65,240 |   |   |   | 8.5 |   |   |   | 66,198 |   |   |   | 10.2 |   |   |   | 55,672 |   |   |   | 11.1 |   |
| Construction      and land loans            |   |                        | 130,831   |   |   |   | 10.0 |   |   |   | 138,195 |   |   |   | 13.5 |   |   |   | 62,704 |   |   |   | 8.1 |   |   |   | 38,722 |   |   |   | 5.9 |   |   |   | 24,629 |   |   |   | 4.9 |   |
|  Other      loans                      |   |                        | 10,993    |   |   |   | 0.8 |   |   |   | 4,880 |   |   |   | 0.5 |   |   |   | 1,140 |   |   |   | 0.1 |   |   |   | 3,291 |   |   |   | 0.5 |   |   |   | 2,321 |   |   |   | 0.5 |   |
|                                        |   |                        |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      loans                            |   |                        | 1,302,282 |   |   |   | 100.0 | % |   |   | 1,023,219 |   |   |   | 100.0 | % |   |   | 769,156 |   |   |   | 100.0 | % |   |   | 652,489 |   |   |   | 100.0 | % |   |   | 501,330 |   |   |   | 100.0 | % |
|                                        |   |                        |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other      items:                           |   |                        |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      deferred loan origination fees     |   |                        | 2,979     |   |   |   |   |   |   |   | 2,610 |   |   |   |   |   |   |   | 1,732 |   |   |   |   |   |   |   | 1,753 |   |   |   |   |   |   |   | 1,604 |   |   |   |   |   |
| Allowance      for loan losses              |   |                        | 20,680    |   |   |   |   |   |   |   | 13,532 |   |   |   |   |   |   |   | 8,882 |   |   |   |   |   |   |   | 7,672 |   |   |   |   |   |   |   | 6,172 |   |   |   |   |   |
|                                        |   |                        |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      loans, net                       |   | $                           | 1,278,623 |   |   |   |   |   |   | $ | 1,007,077 |   |   |   |   |   |   | $ | 758,542 |   |   |   |   |   |   | $ | 643,064 |   |   |   |   |   |   | $ | 493,554 |   |   |   |   |   |

|                                      |   | First Mortgage         |      |   | Second Mortgage      |   |   | Construction and Land |   |   | Other Loans          |   |   | Total  |   |
|-------------------------------------------|--------|-----------------------------|-----------|--------|---------------------------|--------|--------|---------------------------------|--------|--------|---------------------------|--------|--------|--------|--------|
|                                      |   | Amount                      |      |   | WeightedAverage Rate |   |   | Amount                          |   |   | WeightedAverage Rate |   |   | Amount |   |   | WeightedAverage Rate |   |   | Amount |   |   | WeightedAverage Rate |   |   | Amount |   |   | WeightedAverage Rate |   |
|                                      |   | (Dollars      in thousands) |      |
| Due During the Years Ending June      30, |   |                        |      |   |                      |   |   |                            |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 2010                                      |   | $                           | 6,500     |   |                      |   | 6.92   | %                               |   | $      | 89                        |   |   |   | 5.04   | % |   | $ | 103,885 |   |   |   | 7.21 | % |   | $ | 7,989 |   |   |   | 3.87 | % |   | $ | 118,463 |   |   |   | 6.97 | % |
| 2011                                      |   |                        | 6,140     |   |                      |   | 6.54   |                            |   |   | 340                       |   |   |   | 5.25   |   |   |   | 24,011 |   |   |   | 5.41 |   |   |   | 1,581 |   |   |   | 6.93 |   |   |   | 32,072 |   |   |   | 5.70 |   |
| 2012      to 2013                         |   |                        | 51,852    |   |                      |   | 6.10   |                            |   |   | 2,215                     |   |   |   | 5.70   |   |   |   | - |   |   |   | 0.00 |   |   |   | 481 |   |   |   | 7.85 |   |   |   | 54,548 |   |   |   | 6.10 |   |
| 2014      to 2018                         |   |                        | 282,566   |   |                      |   | 6.24   |                            |   |   | 12,172                    |   |   |   | 5.35   |   |   |   | 2,406 |   |   |   | 6.52 |   |   |   | 548 |   |   |   | 6.85 |   |   |   | 297,692 |   |   |   | 6.21 |   |
| 2019      to 2023                         |   |                        | 284,603   |   |                      |   | 6.12   |                            |   |   | 17,741                    |   |   |   | 5.61   |   |   |   | - |   |   |   | 0.00 |   |   |   | - |   |   |   | - |   |   |   | 302,344 |   |   |   | 6.09 |   |
| 2024      and beyond                      |   |                        | 474,028   |   |                      |   | 6.12   |                            |   |   | 22,212                    |   |   |   | 5.89   |   |   |   | 529 |   |   |   | 5.09 |   |   |   | 394 |   |   |   | 6.28 |   |   |   | 497,163 |   |   |   | 6.11 |   |
| Total                                     |   | $                           | 1,105,689 |   |                      |   | 6.16   | %                               |   | $      | 54,769                    |   |   |   | 5.67   | % |   | $ | 130,831 |   |   |   | 6.86 | % |   | $ | 10,993 |   |   |   | 4.72 | % |   | $ | 1,302,282 |   |   |   | 6.20 | % |

----

|                                        |   | Due After June 30, 2010 |    |
|---------------------------------------------|--------|-------------------------|---------|
|                                        |   | Fixed                   |    |   | Adjustable |   |   | Total |   |
|                                        |   | (In      thousands)     |    |
| First      mortgage loan balances:          |   |                    |    |   |   |   |   |   |   |
| Conventional      one- to four-family       |   | $                       | 219,743 |   |   | $ | 46,194 |   |   | $ | 265,937 |   |
| Multifamily      and commercial real estate |   |                    | 362,911 |   |   |   | 470,341 |   |   |   | 833,252 |   |
| Second      mortgage and equity loans       |   |                    | 46,785  |   |   |   | 7,895 |   |   |   | 54,680 |   |
| Construction      and land loans            |   |                    | 3,637   |   |   |   | 23,309 |   |   |   | 26,946 |   |
| Other      loans                            |   |                    | 1,626   |   |   |   | 1,378 |   |   |   | 3,004 |   |
|                                        |   |                    |    |   |   |   |   |   |   |   |   |   |
| Total      loans                            |   | $                       | 634,702 |   |   | $ | 549,117 |   |   | $ | 1,183,819 |   |

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|                                                           |   | At      June 30,            |    |
|----------------------------------------------------------------|--------|-----------------------------|---------|
|                                                           |   | 2009(1)                     |    |   | 2008(2) |   |   | 2007 |   |   | 2006 |   |   | 2005 |   |
|                                                           |   | (Dollars      in thousands) |    |
| Non-accrual      loans:                                        |   |                        |    |   |   |   |   |   |   |   |   |   |   |   |   |
| First      mortgage loan balances:                             |   |                        |    |   |   |   |   |   |   |   |   |   |   |   |   |
| Conventional                                                   |   | $                           | 1,160   |   |   | $ | 67 |   |   | $ | — |   |   | $ | 458 |   |   | $ | 147 |   |
| Multifamily      and commercial real estate                    |   |                        | 33,994  |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Second      mortgage and equity loans                          |   |                        | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 44 |   |
| Construction      and land loans                               |   |                        | 17,311  |   |   |   | 14,143 |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Other      loans                                               |   |                        | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
|                                                           |   |                        |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      non-accrual loans                                   |   | $                           | 52,465  |   |   | $ | 14,210 |   |   | $ | — |   |   | $ | 458 |   |   | $ | 191 |   |
|                                                           |   |                        |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans      greater than 90 days delinquent and still accruing: |   |                        |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| First      mortgage loan balances:                             |   |                        |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Conventional                                                   |   | $                           | — |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |
| Multifamily      and commercial real estate                    |   |                        | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Second      mortgage and equity loans                          |   |                        | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Construction      and land loans                               |   |                        | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Other      loans                                               |   |                        | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Total      loans 90 days and still accruing                    |   | $                           | — |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |
|                                                           |   |                        |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      non-performing loans                                |   | $                           | — |   |   | $ | — |   |   | $ | — |   |   | $ | 458 |   |   | $ | 191 |   |
|                                                           |   |                        |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Real      estate owned                                         |   |                        | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Total      non-performing assets                               |   | $                           | 52,465  |   |   | $ | 14,210 |   |   | $ | — |   |   | $ | 458 |   |   | $ | 191 |   |
|                                                           |   |                        |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ratios:                                                        |   |                        |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-performing      loans to total loans                       |   |                        | 4.03    | % |   |   | 1.39 | % |   |   | — | % |   |   | 0.07 | % |   |   | 0.04 | % |
| Non-performing      assets to total assets                     |   |                        | 2.74    | % |   |   | 0.98 | % |   |   | — | % |   |   | 0.04 | % |   |   | 0.02 | % |

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|   | (1) | Two      construction loans totaling $4.2 million are less than 60 days delinquent      at June 30, 2009 and are classified as  non-accrual. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | One construction loan totaling      $335,000 was less than 60 days delinquent at June 30, 2008 and was      classified as non-accrual. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------|

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|                                        |   | Loans      Delinquent For   |    |   |                  |   |
|---------------------------------------------|--------|-----------------------------|---------|--------|-----------------------|--------|
|                                        |   | 60-89      Days             |    |   | 90      Days and Over |   |   | Total |   |
|                                        |   | Number                      |    |   | Amount                |   |   | Number |   |   | Amount |   |   | Number |   |   | Amount |   |
|                                        |   | (Dollars      in thousands) |    |
| At June 30, 2009                            |   |                        |    |   |                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| First      mortgage loan balances:          |   |                        |    |   |                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Conventional                                |   |                        | 2       |   |                  | $      | 616 |   |   |   | 2 |   |   | $ | 1,160 |   |   |   | 4 |   |   | $ | 1,776 |   |
| Multifamily      and commercial real estate |   |                        | 3       |   |                  |   | 17,209 |   |   |   | 11 |   |   |   | 33,994 |   |   |   | 14 |   |   |   | 51,203 |   |
| Second      mortgage and equity loans       |   |                        | — |   |                  |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Construction  and      land loans |   |                        | — |   |                  |   | — |   |   |   | 3 |   |   |   | 12,685 |   |   |   | 3 |   |   |   | 12,685 |   |
| Other      loans                            |   |                        | — |   |                  |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Total                                       |   |                        | 5       |   |                  | $      | 17,825 |   |   |   | 16 |   |   | $ | 47,839 |   |   |   | 21 |   |   | $ | 65,664 |   |
|                                        |   |                        |    |   |                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| At June 30, 2008                            |   |                        |    |   |                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| First      mortgage loan balances:          |   |                        |    |   |                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Conventional                                |   |                        | — |   |                  | $      | — |   |   |   | 2 |   |   | $ | 68 |   |   |   | 2 |   |   | $ | 68 |   |
| Multifamily      and commercial real estate |   |                        | — |   |                  |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Second      mortgage and equity loans       |   |                        | 1       |   |                  |   | 18 |   |   |   | — |   |   |   | — |   |   |   | 1 |   |   |   | 18 |   |
| Construction      and land loans            |   |                        | — |   |                  |   | — |   |   |   | 2 |   |   |   | 13,808 |   |   |   | 2 |   |   |   | 13,808 |   |
| Other      loans                            |   |                        | — |   |                  |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Total                                       |   |                        | 1       |   |                  | $      | 18 |   |   |   | 4 |   |   | $ | 13,876 |   |   |   | 5 |   |   | $ | 13,894 |   |
|                                        |   |                        |    |   |                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| At June 30, 2007                            |   |                        |    |   |                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| First      mortgage loan balances:          |   |                        |    |   |                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Conventional                                |   |                        | — |   |                  | $      | — |   |   |   | — |   |   | $ | — |   |   |   | — |   |   | $ | — |   |
| Multifamily      and commercial real estate |   |                        | — |   |                  |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Second      mortgage and equity loans       |   |                        | 1       |   |                  |   | 39 |   |   |   | — |   |   |   | — |   |   |   | 1 |   |   |   | 39 |   |
| Construction      and land loans            |   |                        | — |   |                  |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Other      loans                            |   |                        | — |   |                  |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Total                                       |   |                        | 1       |   |                  | $      | 39 |   |   |   | — |   |   | $ | — |   |   |   | 1 |   |   | $ | 39 |   |
|                                        |   |                        |    |   |                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| At June 30, 2006                            |   |                        |    |   |                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| First      mortgage loan balances:          |   |                        |    |   |                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Conventional                                |   |                        | 5       |   |                  | $      | 180 |   |   |   | 2 |   |   | $ | 348 |   |   |   | 7 |   |   | $ | 528 |   |
| Multifamily      and commercial real estate |   |                        | — |   |                  |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Second      mortgage and equity loans       |   |                        | — |   |                  |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Construction      and land loans            |   |                        | — |   |                  |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Other      loans                            |   |                        | — |   |                  |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Total                                       |   |                        | 5       |   |                  | $      | 180 |   |   |   | 2 |   |   | $ | 348 |   |   |   | 7 |   |   | $ | 528 |   |
|                                        |   |                        |    |   |                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| At June 30, 2005                            |   |                        |    |   |                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| First      mortgage loan balances:          |   |                        |    |   |                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Conventional                                |   |                        | 3       |   |                  | $      | 139 |   |   |   | 3 |   |   | $ | 140 |   |   |   | 6 |   |   | $ | 279 |   |
| Multifamily      and commercial real estate |   |                        | — |   |                  |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Second      mortgage and equity loans       |   |                        | 1       |   |                  |   | 29 |   |   |   | 1 |   |   |   | 44 |   |   |   | 2 |   |   |   | 73 |   |
| Construction      and land loans            |   |                        | — |   |                  |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Other      loans                            |   |                        | — |   |                  |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Total                                       |   |                        | 4       |   |                  | $      | 168 |   |   |   | 4 |   |   | $ | 184 |   |   |   | 8 |   |   | $ | 352 |   |

----

|                                                |   | At      June 30, 2009 |    |   | At      June 30, 2008 |   |    | At      June 30, 2007 |   |
|-----------------------------------------------------|--------|-----------------------|---------|--------|-----------------------|--------|---------|-----------------------|--------|
|                                                |   |                  |    |   | (In      thousands)   |   |    |                  |   |
|                                                |   |                  |    |   |                  |   |    |                  |   |
| Residential      Real Estate (1):                   |   |                  |    |   |                  |   |    |                  |   |
| Special      mention assets                         |   | $                     | 197     |   |                  | $      | — |                  |   | $ | — |   |
| Substandard      assets                             |   |                  | — |   |                  |   | 85      |                  |   |   | — |   |
| Doubtful      assets                                |   |                  | — |   |                  |   | — |                  |   |   | — |   |
| Total      residential real estate                  |   |                  | 197     |   |                  |   | 85      |                  |   |   | — |   |
|                                                |   |                  |    |   |                  |   |    |                  |   |   |   |   |
| All      Other Loans:                               |   |                  |    |   |                  |   |    |                  |   |   |   |   |
| Special      mention assets                         |   |                  | 23,967  |   |                  |   | 21,722  |                  |   |   | 9,790 |   |
| Substandard      assets                             |   |                  | 55,811  |   |                  |   | 14,375  |                  |   |   | 238 |   |
| Total      all other loans                          |   |                  | 79,778  |   |                  |   | 36,097  |                  |   |   | 10,028 |   |
|                                                |   |                  |    |   |                  |   |    |                  |   |   |   |   |
| Total      classified assets                        |   | $                     | 79,975  |   |                  | $      | 36,182  |                  |   | $ | 10,028 |   |
| Allowance      allocated to total classified assets |   | $                     | 5,118   |   |                  | $      | 2,149   |                  |   | $ | 317 |   |

----

----

|                                                           |   | At      or For the Years Ended June 30, |    |
|----------------------------------------------------------------|--------|-----------------------------------------|---------|
|                                                           |   | 2009                                    |    |   | 2008 |   |   | 2007 |   |   | 2006 |   |   | 2005 |   |
|                                                           |   | (Dollars      in thousands)             |    |
| Balance      at beginning of period                            |   | $                                       | 13,532  |   |   | $ | 8,882 |   |   | $ | 7,672 |   |   | $ | 6,172 |   |   | $ | 5,372 |   |
|                                                           |   |                                    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Charge-offs:                                                   |   |                                    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| First      mortgage loan balances:                             |   |                                    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Conventional                                                   |   |                                    | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Multifamily      and commercial real estate                    |   |                                    | 260     |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Second      mortgage and equity loans                          |   |                                    | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Construction      and land loans                               |   |                                    | 2,250   |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Other      loans                                               |   |                                    | 222     |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Total      charge-offs                                         |   |                                    | 2,732   |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Recoveries:                                                    |   |                                    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| First      mortgage loan balances:                             |   |                                    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Conventional                                                   |   |                                    | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Multifamily      and commercial real estate                    |   |                                    | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Second      mortgage and equity loans                          |   |                                    | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Construction      and land loans                               |   |                                    | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Other      loans                                               |   |                                    | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Total      recoveries                                          |   |                                    | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Net      (charge-offs) recoveries                              |   |                                    | (2,732  | ) |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Provision      for loan losses                                 |   |                                    | 9,880   |   |   |   | 4,650 |   |   |   | 1,210 |   |   |   | 1,500 |   |   |   | 800 |   |
|                                                           |   |                                    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance      at end of year                                    |   | $                                       | 20,680  |   |   | $ | 13,532 |   |   | $ | 8,882 |   |   | $ | 7,672 |   |   | $ | 6,172 |   |
|                                                           |   |                                    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ratios:                                                        |   |                                    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      charge-offs to average loans outstanding (annualized) |   |                                    | 0.23    | % |   |   | — | % |   |   | — | % |   |   | — | % |   |   | — | % |
| Allowance      for loan losses to total loans at end of period |   |                                    | 1.59    | % |   |   | 1.32 | % |   |   | 1.15 | % |   |   | 1.18 | % |   |   | 1.23 | % |

|                                        |   | At June 30,        |   |
|---------------------------------------------|--------|------------------------------|--------|
|                                        |   | 2009                         |   |   | 2008 |   |   | 2007 |   |
|                                        |   | Allowancefor LoanLosses |   |   | Percent of Loansin EachCategory toTotal Loans |   |   | Allowancefor LoanLosses |   |   | Percent ofLoans in EachCategory toTotal Loans |   |   | Allowancefor LoanLosses |   |   | Percent ofLoans in EachCategory toTotal Loans |   |
|                                        |   | (Dollars      in thousands)  |   |
|                                        |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| First      mortgage loan balances:          |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Conventional                                |   | $                            | 1,012  |   |   |   | 20.4 | % |   | $ | 845 |   |   |   | 21.8 | % |   | $ | 709 |   |   |   | 24.6 | % |
| Multifamily      and commercial real estate |   |                         | 12,595 |   |   |   | 64.6 |   |   |   | 8,095 |   |   |   | 58.4 |   |   |   | 6,143 |   |   |   | 58.7 |   |
| Second      mortgage and equity loans       |   |                         | 274    |   |   |   | 4.2 |   |   |   | 299 |   |   |   | 5.8 |   |   |   | 326 |   |   |   | 8.5 |   |
| Construction      and land loans            |   |                         | 5,791  |   |   |   | 10.0 |   |   |   | 3,883 |   |   |   | 13.5 |   |   |   | 979 |   |   |   | 8.1 |   |
| Other      loans                            |   |                         | 268    |   |   |   | 0.8 |   |   |   | 92 |   |   |   | 0.5 |   |   |   | 15 |   |   |   | 0.1 |   |
| Unallocated                                 |   |                         | 740    |   |   |   | — |   |   |   | 318 |   |   |   | — |   |   |   | 710 |   |   |   | — |   |
|                                        |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                       |   | $                            | 20,680 |   |   |   | 100.0 | % |   | $ | 13,532 |   |   |   | 100.0 | % |   | $ | 8,882 |   |   |   | 100.0 | % |

----

|                                        |   | At June 30,        |   |
|---------------------------------------------|--------|------------------------------|--------|
|                                        |   | 2006                         |   |   | 2005 |   |
|                                        |   | Allowancefor LoanLosses |   |   | Percent of Loansin Each Categoryto Total Loans |   |   | Allowance forLoan Losses |   |   | Percent of Loansin Each Categoryto Total Loans |   |
|                                        |   | (Dollars      in thousands)  |   |
|                                        |   |                         |   |   |   |   |   |   |   |   |   |   |
| First      mortgage loan balances:          |   |                         |   |   |   |   |   |   |   |   |   |   |
| Conventional                                |   | $                            | 749    |   |   |   | 25.3 | % |   | $ | 684 |   |   |   | 29.3 | % |
| Multifamily      and commercial real estate |   |                         | 4,834  |   |   |   | 58.1 |   |   |   | 3,557 |   |   |   | 54.1 |   |
| Second      mortgage and equity loans       |   |                         | 312    |   |   |   | 10.2 |   |   |   | 512 |   |   |   | 11.1 |   |
| Construction      and land loans            |   |                         | 758    |   |   |   | 5.9 |   |   |   | 475 |   |   |   | 4.9 |   |
| Other      loans                            |   |                         | 57     |   |   |   | 0.5 |   |   |   | 37 |   |   |   | 0.5 |   |
| Unallocated                                 |   |                         | 962    |   |   |   | — |   |   |   | 907 |   |   |   | — |   |
|                                        |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                       |   | $                            | 7,672  |   |   |   | 100.0 | % |   | $ | 6,172 |   |   |   | 100.0 | % |

----

----

|                                                         |   | At      June 30,    |    |
|--------------------------------------------------------------|--------|---------------------|---------|
|                                                         |   | 2009                |    |   | 2008 |   |   | 2007 |   |
|                                                         |   | AmortizedCost       |    |   | Fair      Value |   |   | AmortizedCost |   |   | Fair      Value |   |   | AmortizedCost |   |   | Fair      Value |   |
|                                                         |   | (In      thousands) |    |
|                                                         |   |                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| United      States Government and federal agency obligations |   | $                   | — |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |   | $ | 5,415 |   |   | $ | 5,347 |   |
| Mortgage-backed      securities:                             |   |                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Freddie      Mac                                             |   |                | 18,783  |   |   |   | 19,063 |   |   |   | 25,082 |   |   |   | 24,902 |   |   |   | 31,365 |   |   |   | 30,329 |   |
| Ginnie      Mae                                              |   |                | 5,161   |   |   |   | 5,157 |   |   |   | 6,055 |   |   |   | 6,040 |   |   |   | 8,895 |   |   |   | 8,907 |   |
| Fannie      Mae                                              |   |                | 31,329  |   |   |   | 31,943 |   |   |   | 42,066 |   |   |   | 42,094 |   |   |   | 58,479 |   |   |   | 57,314 |   |
| Collateralized      mortgage obligations                     |   |                | 63,544  |   |   |   | 64,218 |   |   |   | 90,747 |   |   |   | 89,636 |   |   |   | 118,667 |   |   |   | 113,955 |   |
|                                                         |   |                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      securities held to maturity                       |   | $                   | 118,817 |   |   | $ | 120,381 |   |   | $ | 163,950 |   |   | $ | 162,672 |   |   | $ | 222,821 |   |   | $ | 215,582 |   |

|                                                         |   | At June 30, |    |
|--------------------------------------------------------------|--------|-----------------------|---------|
|                                                         |   | 2009                  |    |   | 2008 |   |   | 2007 |   |
|                                                         |   | AmortizedCost         |    |   | Fair Value |   |   | AmortizedCost |   |   | Fair Value |   |   | AmortizedCost |   |   | Fair Value |   |
|                                                         |   | (In      thousands)   |    |
|                                                         |   |                  |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| United      States Government and federal agency obligations |   | $                     | 134,754 |   |   | $ | 134,837 |   |   | $ | 10,000 |   |   | $ | 9,865 |   |   | $ | 25,000 |   |   | $ | 25,007 |   |
| Corporate      bonds                                         |   |                  | 2,000   |   |   |   | 2,156 |   |   |   | 2,000 |   |   |   | 2,184 |   |   |   | 2,000 |   |   |   | 2,024 |   |
| Mutual      funds                                            |   |                  | 5,636   |   |   |   | 5,676 |   |   |   | 7,782 |   |   |   | 7,782 |   |   |   | 8,429 |   |   |   | 8,412 |   |
| Equity      securities                                       |   |                  | 1,965   |   |   |   | 1,750 |   |   |   | 2,364 |   |   |   | 2,454 |   |   |   | — |   |   |   | — |   |
| Mortgage-backed      securities:                             |   |                  |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Freddie      Mac                                             |   |                  | 26,979  |   |   |   | 27,875 |   |   |   | 28,672 |   |   |   | 28,837 |   |   |   | 1,363 |   |   |   | 1,363 |   |
| Fannie      Mae                                              |   |                  | 27,023  |   |   |   | 27,911 |   |   |   | 31,084 |   |   |   | 30,895 |   |   |   | 5,891 |   |   |   | 5,918 |   |
| Ginnie      Mae                                              |   |                  | 2,537   |   |   |   | 2,557 |   |   |   | 3,134 |   |   |   | 3,143 |   |   |   | 4,502 |   |   |   | 4,548 |   |
| Collateralized      mortgage obligations                     |   |                  | 68,571  |   |   |   | 70,260 |   |   |   | 85,351 |   |   |   | 86,334 |   |   |   | 27,024 |   |   |   | 26,964 |   |
|                                                         |   |                  |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      securities available for sale                     |   | $                     | 269,465 |   |   | $ | 273,022 |   |   | $ | 170,387 |   |   | $ | 171,494 |   |   | $ | 74,209 |   |   | $ | 74,236 |   |

----

|                                                         |   | One Year or Less |    |   | More than One Yearthrough Five Years |   |    | More than Five Yearsthrough Ten Years |   |   | More than Ten Years |   |   | Total Securities |    |
|--------------------------------------------------------------|--------|---------------------------------|---------|--------|---------------------------------------------------------------|--------|---------|----------------------------------------------------------------|--------|--------|------------------------------------|--------|--------|-----------------------|---------|
|                                                         |   | AmortizedCost                   |    |   | WeightedAverageYield                                          |   |    | AmortizedCost                                                  |   |   | WeightedAverageYield               |   |   | AmortizedCost         |    |   | WeightedAverageYield |   |   | AmortizedCost |   |   | WeightedAverageYield |   |   | AmortizedCost |   |   | Fair Value |   |   | WeightedAverageYield |   |
|                                                         |   | (Dollars      in thousands)     |    |
|                                                         |   |                            |    |   |                                                          |   |    |                                                           |   |   |                               |   |   |                  |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Mortgage-backed      securities:                             |   |                            |    |   |                                                          |   |    |                                                           |   |   |                               |   |   |                  |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Freddie      Mac                                             |   | $                               | 3,137   |   |                                                          |   | 3.50    | %                                                              |   | $      | 4,356                              |   |   |                  | 4.17    | % |   | $ | 314 |   |   |   | 4.50 | % |   | $ | 10,976 |   |   |   | 4.16 | % |   | $ | 18,783 |   |   | $ | 19,063 |   |   |   | 4.06 | % |
| Ginnie      Mae                                              |   |                            | — |   |                                                          |   | — |                                                           |   |   | —                            |   |   |                  | — |   |   |   | 11 |   |   |   | 4.13 |   |   |   | 5,150 |   |   |   | 3.89 |   |   |   | 5,161 |   |   |   | 5,157 |   |   |   | 3.90 |   |
| Fannie      Mae                                              |   |                            | — |   |                                                          |   | — |                                                           |   |   | 300                                |   |   |                  | 5.50    |   |   |   | — |   |   |   | — |   |   |   | 31,029 |   |   |   | 4.13 |   |   |   | 31,329 |   |   |   | 31,943 |   |   |   | 4.15 |   |
| Collateralized      mortgage obligations                     |   |                            | ― |   |                                                          |   | — |                                                           |   |   | 3,530                              |   |   |                  | 3.97    |   |   |   | 41,173 |   |   |   | 3.90 |   |   |   | 18,841 |   |   |   | 4.27 |   |   |   | 63,544 |   |   |   | 64,218 |   |   |   | 4.01 |   |
|                                                         |   |                            |    |   |                                                          |   |    |                                                           |   |   |                               |   |   |                  |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      securities held to maturity                       |   | $                               | 3,137   |   |                                                          |   | 3.50    | %                                                              |   | $      | 8,186                              |   |   |                  | 4.13    | % |   | $ | 41,498 |   |   |   | 3.90 | % |   | $ | 65,996 |   |   |   | 4.16 | % |   | $ | 118,817 |   |   | $ | 120,381 |   |   |   | 4.05 | % |
|                                                         |   |                            |    |   |                                                          |   |    |                                                           |   |   |                               |   |   |                  |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| United      States Government and federal agency obligations |   | $                               | — |   |                                                          |   | — | %                                                              |   | $      | 109,754                            |   |   |                  | 2.82    | % |   | $ | 25,000 |   |   |   | 4.12 | % |   | $ | — |   |   |   | — | % |   | $ | 134,754 |   |   | $ | 134,837 |   |   |   | 3.06 | % |
| Corporate      bonds                                         |   |                            | — |   |                                                          |   | — |                                                           |   |   | 2,000                              |   |   |                  | 8.09    |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 2,000 |   |   |   | 2,156 |   |   |   | 8.09 |   |
| Mutual      funds                                            |   |                            | 5,636   |   |                                                          |   | 4.49    |                                                           |   |   | —                            |   |   |                  | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 5,636 |   |   |   | 5,676 |   |   |   | 4.49 |   |
| Equity      securities                                       |   |                            | 1,965   |   |                                                          |   | — |                                                           |   |   | —                            |   |   |                  | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 1,965 |   |   |   | 1,750 |   |   |   | — |   |
| Mortgage-backed      securities:                             |   |                            |    |   |                                                          |   | — |                                                           |   |   |                               |   |   |                  |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Freddie      Mac                                             |   |                            | 3,931   |   |                                                          |   | 3.50    |                                                           |   |   | 6,809                              |   |   |                  | 4.47    |   |   |   | 4,154 |   |   |   | 5.00 |   |   |   | 12,085 |   |   |   | 4.63 |   |   |   | 26,979 |   |   |   | 27,875 |   |   |   | 4.48 |   |
| Fannie      Mae                                              |   |                            | — |   |                                                          |   | — |                                                           |   |   | —                            |   |   |                  | — |   |   |   | 10,181 |   |   |   | 4.70 |   |   |   | 16,842 |   |   |   | 4.83 |   |   |   | 27,023 |   |   |   | 27,911 |   |   |   | 4.78 |   |
| Ginnie      Mae                                              |   |                            | — |   |                                                          |   | — |                                                           |   |   | —                            |   |   |                  | — |   |   |   | — |   |   |   | — |   |   |   | 2,537 |   |   |   | 4.39 |   |   |   | 2,537 |   |   |   | 2,557 |   |   |   | 4.39 |   |
| Collateralized      mortgage obligations                     |   |                            | ― |   |                                                          |   | — |                                                           |   |   | ―                            |   |   |                  | — |   |   |   | 36,799 |   |   |   | 4.58 |   |   |   | 31,772 |   |   |   | 5.36 |   |   |   | 68,571 |   |   |   | 70,260 |   |   |   | 4.94 |   |
|                                                         |   |                            |    |   |                                                          |   |    |                                                           |   |   |                               |   |   |                  |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      securities available for sale                     |   | $                               | 11,532  |   |                                                          |   | 3.39    | %                                                              |   | $      | 118,563                            |   |   |                  | 3.00    | % |   | $ | 76,134 |   |   |   | 4.47 | % |   | $ | 63,236 |   |   |   | 5.04 | % |   | $ | 269,465 |   |   | $ | 273,022 |   |   |   | 3.91 | % |

----

|                               |   | At June 30,       |      |   | At June 30, |   |
|------------------------------------|--------|-----------------------------|-----------|--------|-----------------------|--------|
|                               |   | 2009                        |      |   | 2008                  |   |
|                               |   | Balance                     |      |   | Percent               |   |   | WeightedAverageRate |   |   | Balance |   |   | Percent |   |   | WeightedAverageRate |   |
|                               |   | (Dollars      in thousands) |      |
|                               |   |                        |      |   |                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Deposit      type:                 |   |                        |      |   |                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| NOW      accounts                  |   | $                           | 88,759    |   |                  |   | 7.87 | % |   |   | 0.90 | % |   | $ | 73,949 |   |   |   | 10.58 | % |   |   | 0.89 | % |
| Money      market deposit accounts |   |                        | 199,965   |   |                  |   | 17.73 |   |   |   | 2.07 |   |   |   | 57,117 |   |   |   | 8.17 |   |   |   | 2.92 |   |
| Savings      accounts              |   |                        | 147,669   |   |                  |   | 13.10 |   |   |   | 1.04 |   |   |   | 149,062 |   |   |   | 21.33 |   |   |   | 1.35 |   |
| Time      deposits                 |   |                        | 691,237   |   |                  |   | 61.30 |   |   |   | 2.84 |   |   |   | 418,804 |   |   |   | 59.92 |   |   |   | 3.84 |   |
|                               |   |                        |      |   |                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      deposits                |   | $                           | 1,127,630 |   |                  |   | 100.00 | % |   |   | 2.32 | % |   | $ | 698,932 |   |   |   | 100.00 | % |   |   | 2.92 | % |

|                               |   | At June 30,       |    |
|------------------------------------|--------|-----------------------------|---------|
|                               |   | 2007                        |    |
|                               |   |  Balance               |    |   |  Percent |   |   | WeightedAverageRate |   |
|                               |   | (Dollars      in thousands) |    |
|                               |   |                        |    |   |   |   |   |   |   |
| Deposit      type:                 |   |                        |    |   |   |   |   |   |   |
| NOW      accounts                  |   | $                           | 75,510  |   |   |   | 10.85 | % |   |   | 1.12 | % |
| Money      market deposit accounts |   |                        | 41,029  |   |   |   | 5.90 |   |   |   | 4.00 |   |
| Savings      accounts              |   |                        | 156,670 |   |   |   | 22.52 |   |   |   | 1.56 |   |
| Time      deposits                 |   |                        | 422,548 |   |   |   | 60.73 |   |   |   | 4.75 |   |
|                               |   |                        |    |   |   |   |   |   |   |   |   |   |
| Total      deposits                |   | $                           | 695,757 |   |   |   | 100.00 | % |   |   | 3.59 | % |

----

|                                      |   | AtJune      30, 2009 |    |
|-------------------------------------------|--------|----------------------|---------|
|                                      |   | (In      thousands)  |    |
|                                      |   |                 |    |
| Three      months or less                 |   | $                    | 51,502  |   |
| Over      three months through six months |   |                 | 70,126  |   |
| Over      six months through one year     |   |                 | 86,389  |   |
| Over      one year to three years         |   |                 | 25,184  |   |
| Over      three years                     |   |                 | 1,712   |   |
|                                      |   |                 |    |   |
| Total                                     |   | $                    | 234,913 |   |

|                                                 |   | At      or For the Years Ended June 30, |    |
|------------------------------------------------------|--------|-----------------------------------------|---------|
|                                                 |   | 2009                                    |    |   | 2008 |   |   | 2007 |   |
|                                                 |   | (Dollars      in thousands)             |    |
|                                                 |   |                                    |    |   |   |   |   |   |   |
| Balance      at end of period                        |   | $                                       | 508,991 |   |   | $ | 433,672 |   |   | $ | 196,661 |   |
| Average      balance during period                   |   | $                                       | 505,599 |   |   | $ | 310,231 |   |   | $ | 210,598 |   |
| Maximum      outstanding at any month end            |   | $                                       | 544,238 |   |   | $ | 433,672 |   |   | $ | 233,797 |   |
| Weighted      average interest rate at end of period |   |                                    | 3.96    | % |   |   | 4.00 | % |   |   | 4.17 | % |
| Average      interest rate during period             |   |                                    | 4.00    | % |   |   | 4.30 | % |   |   | 4.34 | % |

----

|   | · | A      19-unit office building located in Hillsdale, New Jersey.  We      recognized net loss of $2,000 for the year ended June 30, 2009 from the      operation of this property.  This property was subsequently sold      in August 2009 with a recognized netgain. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | A      54-unit mixed-use property (49 residential units and 5 store fronts)      located in Palisades Park, New Jersey.  We recognized net income      of $457,000 for the year ended June 30, 2009 from the operation of this      property. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

----

|                                                 |   | Book                    |   |   | Year Ended June 30, 2009 |   |   | Book          |   |
|------------------------------------------------------|--------|-------------------------|--------|--------|----------------------------------------------|--------|--------|---------------|--------|
|                                                 |   | Value at           |   |   | Profit /                                |   |   | Distributions |   |   | Additional |   |   | Value at |   |
| Property Name                                   |   | June 30, 2008 |   |   | (Loss)                                       |   |   | Received      |   |   | Investment |   |   | June 30, 2009 |   |
|                                                 |   | (In      thousands)     |   |
| Real      Estate Held For Investment                 |   |                    |   |   |                                         |   |   |          |   |   |   |   |   |   |   |
| Ormon,      LLC - Undivided Interests in Real Estate |   |                    |   |   |                                         |   |   |          |   |   |   |   |   |   |   |
| Park      Lane                                       |   | $                       | (503   | )      |                                         | $      | 396    |          |   | $ | (321 | ) |   | $ | - |   |   | $ | (428 | ) |
| Park      View                                       |   |                    | (482   | )      |                                         |   | 82     |          |   |   | (39 | ) |   |   | - |   |   |   | (439 | ) |
| Winstead      Village                                |   |                    | (211   | )      |                                         |   | 50     |          |   |   | (67 | ) |   |   | - |   |   |   | (228 | ) |
| Parkway      East                                    |   |                    | (332   | )      |                                         |   | 92     |          |   |   | (94 | ) |   |   | - |   |   |   | (334 | ) |
| Marine      View                                     |   |                    | 853    |   |                                         |   | 219    |          |   |   | (203 | ) |   |   | - |   |   |   | 869 |   |
| Ormon,      LLC - Wholly Owned Properties            |   |                    |   |   |                                         |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Palisades      Park(1)                               |   |                    | 280    |   |                                         |   | 457    |          |   |   | - |   |   |   | 60 |   |   |   | 328 |   |
| Hillsdale(1)                                         |   |                    | 146    |   |                                         |   | (2     | )             |   |   | - |   |   |   | 2 |   |   |   | 140 |   |
| Oritani,      LLC - Wholly Owned Properties          |   |                    |   |   |                                         |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Emerson(2)                                           |   |                    | 2,402  |   |                                         |   | -      |          |   |   | - |   |   |   | 1,288 |   |   |   | - |   |
| Real      Estate Held For Investment Summary         |   |                    |   |   |                                         |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Assets(1)                                            |   | $                       | 3,681  |   |                                         | $      | 674    |          |   | $ | (203 | ) |   | $ | 1,350 |   |   | $ | 1,337 |   |
| Liabilities                                          |   | $                       | (1,528 | )      |                                         | $      | 620    |          |   | $ | (521 | ) |   | $ | - |   |   | $ | (1,429 | ) |
|                                                 |   |                    |   |   |                                         |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Investments      in Joint Ventures                   |   |                    |   |   |                                         |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Ormon,      LLC                                      |   |                    |   |   |                                         |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Oaklyn      Associates                               |   | $                       | (228   | )      |                                         | $      | 67     |          |   | $ | (42 | ) |   | $ | - |   |   | $ | (203 | ) |
| Madison      Associates                              |   |                    | (20    | )      |                                         |   | 77     |          |   |   | (80 | ) |   |   | - |   |   |   | (23 | ) |
| Brighton      Court Associates                       |   |                    | 169    |   |                                         |   | 9      |          |   |   | (37 | ) |   |   | - |   |   |   | 141 |   |
| Plaza      23 Associates                             |   |                    | 3,650  |   |                                         |   | 816    |          |   |   | (1,137 | ) |   |   | - |   |   |   | 3,329 |   |
| Oritani,      LLC                                    |   |                    |   |   |                                         |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Ridge      Manor Associates                          |   |                    | 537    |   |                                         |   | 11     |          |   |   | (24 | ) |   |   | 30 |   |   |   | 554 |   |
| Van      Buren Apartments                            |   |                    | 179    |   |                                         |   | 37     |          |   |   | (49 | ) |   |   | - |   |   |   | 167 |   |
| 10      Landing Lane                                 |   |                    | (124   | )      |                                         |   | 204    |          |   |   | (62 | ) |   |   | - |   |   |   | 18 |   |
| FAO      Hasbrouck Heights                           |   |                    | 856    |   |                                         |   | (55    | )             |   |   | (365 | ) |   |   | - |   |   |   | 436 |   |
| FAO      Terrace Associates                          |   |                    | -      |   |                                         |   | 7      |          |   |   | (28 | ) |   |   | 600 |   |   |   | 579 |   |
| FAO      Gardens                                     |   |                    | -      |   |                                         |   | 1      |          |   |   | (18 | ) |   |   | 460 |   |   |   | 443 |   |
| Hampshire      Financial                             |   |                    |   |   |                                         |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Hampshire      Realty                                |   |                    | 173    |   |                                         |   | (49    | )             |   |   | (6 | ) |   |   | - |   |   |   | 118 |   |
| Investments      in Joint Ventures Summary           |   |                    |   |   |                                         |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Assets                                               |   | $                       | 5,564  |   |                                         | $      | 777    |          |   | $ | (1,664 | ) |   | $ | 1,090 |   |   | $ | 5,767 |   |
| Liabilities                                          |   | $                       | (372   | )      |                                         | $      | 348    |          |   | $ | (184 | ) |   | $ | - |   |   | $ | (208 | ) |

----

|   | (1) | The      book values for wholly owned properties represent the costs of the fixed      assets associated with the property, less accumulated      depreciation. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | Transferred      to Office, property and equipment |
|--------|-----|----------------------------------------------------|

----

|   | (3) | specific      types of debt securities, including certain corporate debt securities and      obligations of federal, state and local governments and      agencies; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | · | common      stockholders’ equity, excluding the unrealized appreciation or      depreciation, net of tax, from available for sale    securities; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | non-cumulative      perpetual preferred stock, including any related retained earnings;      and |
|--------|--------|--------------------------------------------------------------------------------------------------|

|   | · | minority      interests in consolidated subsidiaries minus all intangible assets, other      than qualifying servicing rights and any net unrealized loss on marketable      equity securities. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | cumulative      perpetual preferred stock; |
|--------|--------|--------------------------------------------|

|   | · | certain      perpetual preferred stock for which the dividend rate may be reset      periodically; |
|--------|--------|----------------------------------------------------------------------------------------------------|

|   | · | hybrid      capital instruments, including mandatory convertible      securities; |
|--------|--------|-----------------------------------------------------------------------------------|

|   | · | term      subordinated debt; |
|--------|--------|------------------------------|

----

|   | · | intermediate      term preferred stock; |
|--------|--------|-----------------------------------------|

|   | · | allowance      for loan losses; and |
|--------|--------|-------------------------------------|

|   | · | up      to 45% of pretax net unrealized holding gains on available for sale equity      securities with readily determinable fair market  values. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | the      quality of the bank’s interest rate risk management    process; |
|--------|--------|--------------------------------------------------------------------------------|

|   | · | the      overall financial condition of the bank;and |
|--------|--------|------------------------------------------------------|

|   | · | the      level of other risks at the bank for which capital is    needed. |
|--------|--------|---------------------------------------------------------------------------|

|                                |   | As of June 30, 2009 |    |
|-------------------------------------|--------|-----------------------------------------|---------|
|                                |   | Capital                                 |    |   | Percent ofAssets(1) |   |
|                                |   | (Dollars      in thousands)             |    |
|                                |   |                                    |    |   |   |   |
| Core      capital                   |   | $                                       | 193,248 |   |   |   | 10.59 | % |
| Tier 1      risk-based capital |   |                                    | 193,248 |   |   |   | 14.57 |   |
| Total      risk-based capital       |   |                                    | 209,882 |   |   |   | 15.83 |   |

----

| (1) | For      purposes of calculating Core capital, assets are based on adjusted total      leverage assets.  In calculating Tier 1 risk-based capital and      total risk-based capital, assets are based on total risk-weighted      assets. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | · | its      ratio of total capital to risk-weighted assets is at least      10%; |
|--------|--------|-------------------------------------------------------------------------------|

|   | · | its      ratio of Tier 1 capital to risk-weighted assets is at least 6%;      and |
|--------|--------|-----------------------------------------------------------------------------------|

|   | · | its      ratio of Tier 1 capital to total assets is at least 5%, and it is not      subject to any order or directive by the FDIC to meet a specific capital      level. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | its      ratio of total capital to risk-weighted assets is at least 8%;      or |
|--------|--------|---------------------------------------------------------------------------------|

|   | · | its      ratio of Tier 1 capital to risk-weighted assets is at least 4%;      and |
|--------|--------|-----------------------------------------------------------------------------------|

|   | · | its      ratio of Tier 1 capital to total assets is at least 4% (3% if the bank      receives the highest rating under the Uniform Financial Institutions      Rating System) and it is not a well-capitalized    institution. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | its      total risk-based capital is less than 8%;or |
|--------|--------|------------------------------------------------------|

|   | · | its      Tier 1 risk-based-capital is less than 4%;and |
|--------|--------|--------------------------------------------------------|

|   | · | its      leverage ratio is less than 4% (or less than 3% if the institution      receives the highest rating under the Uniform Financial Institutions      Rating System). |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | its      total risk-based capital is less than6%; |
|--------|--------|---------------------------------------------------|

|   | · | its      Tier 1 capital is less than 3%; or |
|--------|--------|---------------------------------------------|

|   | · | its      leverage ratio is less than 3%. |
|--------|--------|------------------------------------------|

|   | · | insolvency,      or when the assets of the bank are less than its liabilities to depositors      and others; |
|--------|--------|--------------------------------------------------------------------------------------------------------------|

|   | · | substantial      dissipation of assets or earnings through violations of law or unsafe or      unsound practices; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------|

|   | · | existence      of an unsafe or unsound condition to transact  business; |
|--------|--------|-------------------------------------------------------------------------|

|   | · | likelihood      that the bank will be unable to meet the demands of its depositors or to      pay its obligations in the normal course of business;  and |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | · | insufficient      capital, or the incurring or likely incurring of losses that will deplete      substantially all of the institution’s capital with no reasonable prospect      of replenishment of capital without federal  assistance. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | · | limits      the extent to which the bank or its subsidiaries may engage in “covered      transactions” with any one affiliate to an amount equal to 10% of such      bank’s capital stock and retained earnings, and limits all such      transactions with all affiliates to an amount equal to 20% of such capital      stock and retained earnings; and |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | requires      that all such transactions be on terms that are consistent with safe and      sound banking practices. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------|

----

|   | · | a      lending test, to evaluate the institution’s record of making loans in its      service areas; |
|--------|--------|------------------------------------------------------------------------------------------------------------|

|   | · | an      investment test, to evaluate the institution’s record of investing in      community development projects, affordable housing, and programs      benefiting low or moderate income individuals and businesses;      and |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | a      service test, to evaluate the institution’s delivery of services through      its branches, ATMs and otheroffices. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------|

----

|   | · | Truth-In-Lending      Act, governing disclosures of credit terms to consumer      borrowers; |
|--------|--------|----------------------------------------------------------------------------------------------|

|   | · | Home      Mortgage Disclosure Act of 1975, requiring financial institutions to      provide information to enable the public and public officials to determine      whether a financial institution is fulfilling its obligation to help meet      the housing needs of the community itserves; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Equal      Credit Opportunity Act, prohibiting discrimination on the basis of race,      creed or other prohibited factors in extending  credit; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Fair      Credit Reporting Act of 1978, governing the use and provision of      information to credit reportingagencies; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------|

|   | · | Fair      Debt Collection Act, governing the manner in which consumer debts may be      collected by collection agencies;and |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------|

|   | · | rules      and regulations of the various federal agencies charged with the      responsibility of implementing such federal  laws. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Right      to Financial Privacy Act, which imposes a duty to maintain confidentiality      of consumer financial records and prescribes procedures for complying with      administrative subpoenas of financialrecords; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | · | Electronic      Funds Transfer Act and Regulation E promulgated thereunder, which govern      automatic deposits to and withdrawals from deposit accounts and customers’      rights and liabilities arising from the use of automated teller machines      and other electronic bankingservices; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Check      Clearing for the 21st      Century Act (also known as “Check 21”), which gives “substitute checks,”      such as digital check images and copies made from that image, the same      legal standing as the original papercheck; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Title      III of The Uniting and Strengthening America by Providing Appropriate      Tools Required to Intercept and Obstruct Terrorism Act of 2001 (referred      to as the “USA PATRIOT Act”), which significantly expanded the      responsibilities of financial institutions, including savings banks, in      preventing the use of the U.S. financial system to fund terrorist      activities.  Among other provisions, the USA PATRIOT Act and the      related regulations of the OTS require savings associations operating in      the United States to develop new anti-money laundering compliance      programs, due diligence policies and controls to ensure the detection and      reporting of money laundering. Such required compliance programs are      intended to supplement existing compliance requirements, also applicable      to financial institutions, under the Bank Secrecy Act and the Office of      Foreign Assets Control Regulations;and |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | The      Gramm-Leach-Bliley Act, which placed limitations on the sharing of      consumer financial information by financial institutions with unaffiliated      third parties. Specifically, the Gramm-Leach-Bliley Act requires all      financial institutions offering financial products or services to retail      customers to provide such customers with the financial institution’s      privacy policy and provide such customers the opportunity to “opt out” of      the sharing of certain personal financial information with unaffiliated      third parties. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | investing      in the stock of a savings bank; |
|--------|-----|------------------------------------------------|

|   | (ii) | acquiring      a mutual association through the merger of such association into a savings      bank subsidiary of such holding company or an interim savings bank      subsidiary of such holding company; |
|--------|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | merging      with or acquiring another holding company, one of whose subsidiaries is a      savings bank; |
|--------|-------|-----------------------------------------------------------------------------------------------------------|

|   | (iv) | investing      in a corporation, the capital stock of which is available for purchase by      a savings bank under federal law or under the law of any state where the      subsidiary savings bank or associations share their home      offices; |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (v) | furnishing      or performing management services for a savings bank subsidiary of such      company; |
|--------|-----|-------------------------------------------------------------------------------------------------------|

|   | (vi) | holding,      managing or liquidating assets owned or acquired from a savings subsidiary      of such company; |
|--------|------|----------------------------------------------------------------------------------------------------------------|

|   | (vii) | holding      or managing properties used or occupied by a savings bank subsidiary of      such company; |
|--------|-------|---------------------------------------------------------------------------------------------------------|

|   | (viii) | acting      as trustee under deeds of trust; |
|--------|--------|----------------------------------------------|

|   | (ix) | any      other activity: |
|--------|------|--------------------------|

|   | (x) | any      activity permissible for financial holding companies under Section 4(k) of      the Bank Holding Company Act, including securities and insurance      underwriting; and |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (xi) | purchasing,      holding, or disposing of stock acquired in connection with a qualified      stock issuance if the purchase of such stock by such savings and loan      holding company is approved by the Director.  If a mutual      holding company acquires or merges with another holding company, the      holding company acquired or the holding company resulting from such merger      or acquisition may only invest in assets and engage in activities listed      in (i) through (x) above, and has a period of two years to cease any      nonconforming activities and divest any nonconforming      investments. |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | the      approval of interstate supervisory acquisitions by savings and loan      holding companies; and |
|--------|-----|----------------------------------------------------------------------------------------------------------|

|   | (ii) | the      acquisition of a savings institution in another state if the laws of the      state of the target savings institution specifically permit such      acquisitions. |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (i)  | the      waiver would not be detrimental to the safe and sound operation of the      subsidiary savings association; and |
|--------|-----------|--------------------------------------------------------------------------------------------------------------------------|

|   | (ii)  | the      mutual holding company’s Board of Directors determines that such waiver is      consistent with such directors’ fiduciary duties to the mutual holding      company’s members. |
|--------|------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

|   | · | the      interest income we earn on our interest-earning assets, such as loans and      securities; and |
|--------|--------|---------------------------------------------------------------------------------------------------------|

|   | · | the      interest expense we pay on our interest-bearing liabilities, such as      deposits and borrowings. |
|--------|--------|-------------------------------------------------------------------------------------------------------------|

----

----

----

----

----

| ITEM      5. | MARKET FOR      REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDERMATTERS AND ISSUER      PURCHASES OF EQUITYSECURITIES |
|--------------|----------------------------------------------------------------------------------------------------------------------------|

|                |   | Fiscal 2009 |   |   | Fiscal 2008 |   |
|---------------------|--------|------------------|--------|--------|------------------|--------|
|                |   | High             |   |   | Low              |   |   | Dividends |   |   | High |   |   | Low |   |   | Dividends |   |
| First      Quarter  |   | $                | 20.12  |   |             | $      | 15.50 |   |   | $ | — |   |   | $ | 15.93 |   |   | $ | 12.55 |   |   | $ | — |   |
| Second      Quarter |   |             | 17.33  |   |             |   | 13.25 |   |   |   | — |   |   |   | 17.23 |   |   |   | 12.17 |   |   |   | — |   |
| Third      Quarter  |   |             | 17.04  |   |             |   | 9.56 |   |   |   | — |   |   |   | 15.25 |   |   |   | 10.78 |   |   |   | — |   |
| Fourth      Quarter |   |             | 15.10  |   |             |   | 12.73 |   |   |   | 0.05 |   |   |   | 17.15 |   |   |   | 14.87 |   |   |   | — |   |

----

| Period                                             |   | Total Numberof SharesRepurchased |   |   | AveragePrice PaidPer Share |   |   | Total Number ofShares Purchased aspart of PubliclyAnnounced Plan |   |   | Maximum Number ofShares That May YetBe Purchased Underthe Plan (1) |   |
|----------------------------------------------------|--------|--------------------------------------------|--------|--------|--------------------------------------|--------|--------|-----------------------------------------------------------------------------------------------------|--------|--------|-----------------------------------------------------------------------------------------------------------------|--------|
| April      1, 2009 through April 30, 2009          |   |                                       | 73,200 |   |                                 | $      | 14.06  |                                                                                                |   |   | 73,200                                                                                                          |   |   |   | 873,528 |   |
| May      1, 2009 through May 31, 2009              |   |                                       | 90,037 |   |                                 | $      | 14.04  |                                                                                                |   |   | 90,037                                                                                                          |   |   |   | 783,491 |   |
| June      1, 2009 through June  30, 2009 |   |                                       | 94,700 |   |                                 | $      | 13.82  |                                                                                                |   |   | 94,700                                                                                                          |   |   |   | 688,791 |   |

----

| (1) | On      March 18, 2009, the Company announced its fourth Share Repurchase Program,      which authorized the purchase of an additional 10% of its publicly-held      outstanding shares of common stock, or 967,828 shares.  This      stock repurchase program commenced upon the completion of the third      repurchase program on March 18, 2009.  This program has no      expiration date and has 688,791 shares yet to be purchased as of June 30,      2009. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ITEM      6. | SELECTED FINANCIAL      DATA |
|--------------|------------------------------|

|                                                                |   | At      June 30,    |      |
|---------------------------------------------------------------------|--------|---------------------|-----------|
|                                                                |   | 2009                |      |   | 2008 |   |   | 2007 |   |   | 2006 |   |   | 2005 |   |
|                                                                |   |                |      |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                |   | (In      thousands) |      |
| Selected      Financial Condition Data:                             |   |                |      |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      assets                                                   |   | $                   | 1,913,521 |   |   | $ | 1,443,294 |   |   | $ | 1,194,443 |   |   | $ | 1,031,421 |   |   | $ | 1,051,702 |   |
| Loans,      net                                                     |   |                | 1,278,623 |   |   |   | 1,007,077 |   |   |   | 758,542 |   |   |   | 643,064 |   |   |   | 493,554 |   |
| Securities      available for sale, at market value                 |   |                | 144,419   |   |   |   | 22,285 |   |   |   | 35,443 |   |   |   | 10,499 |   |   |   | 60,924 |   |
| Securities      held to maturity                                    |   |             |      |   |  |   |   |   | 5,415 |   |   |   | 13,415 |   |   |   | 25,500 |   |
| Mortgage-backed      securities held to maturity                    |   |                | 118,817   |   |   |   | 163,950 |   |   |   | 217,406 |   |   |   | 274,695 |   |   |   | 372,104 |   |
| Mortgage-backed      securities available for sale, at market value |   |                | 128,603   |   |   |   | 149,209 |   |   |   | 38,793 |   |   |   | 17,426 |   |   |   | 25,659 |   |
| Bank      owned life insurance                                      |   |                | 29,385    |   |   |   | 26,425 |   |   |   | 25,365 |   |   |   | 24,381 |   |   |   | 18,988 |   |
| Federal      Home Loan Bank of New York stock, at cost              |   |                | 25,549    |   |   |   | 21,547 |   |   |   | 10,619 |   |   |   | 9,367 |   |   |   | 9,088 |   |
| Accrued      interest receivable                                    |   |                | 7,967     |   |   |   | 5,646 |   |   |   | 4,973 |   |   |   | 3,910 |   |   |   | 3,405 |   |
| Investments      in real estate joint ventures, net                 |   |                | 5,767     |   |   |   | 5,564 |   |   |   | 6,200 |   |   |   | 6,233 |   |   |   | 5,438 |   |
| Real      estate held for investment                                |   |                | 1,338     |   |   |   | 3,681 |   |   |   | 2,492 |   |   |   | 2,223 |   |   |   | 1,425 |   |
| Deposits                                                            |   |                | 1,127,630 |   |   |   | 698,932 |   |   |   | 695,757 |   |   |   | 688,646 |   |   |   | 702,980 |   |
| Borrowings                                                          |   |                | 508,991   |   |   |   | 433,672 |   |   |   | 196,661 |   |   |   | 169,780 |   |   |   | 182,129 |   |
| Stockholders’      equity                                     |   |                | 240,098   |   |   |   | 278,975 |   |   |   | 272,570 |   |   |   | 150,135 |   |   |   | 141,796 |   |
|                                                                |   |                |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Selected      Operating Data:                                       |   |                |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest      income                                                |   | $                   | 88,429    |   |   | $ | 71,591 |   |   | $ | 63,349 |   |   | $ | 51,276 |   |   | $ | 46,439 |   |
| Interest      expense                                               |   |                | 44,500    |   |   |   | 37,208 |   |   |   | 32,829 |   |   |   | 23,522 |   |   |   | 18,349 |   |
| Net      interest income                                            |   |                | 43,929    |   |   |   | 34,383 |   |   |   | 30,520 |   |   |   | 27,754 |   |   |   | 28,090 |   |
|                                                                |   |                |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Provision      for loan losses                                      |   |                | 9,880     |   |   |   | 4,650 |   |   |   | 1,210 |   |   |   | 1,500 |   |   |   | 800 |   |
| Net      interest income after provision for loan losses            |   |                | 34,049    |   |   |   | 29,733 |   |   |   | 29,310 |   |   |   | 26,254 |   |   |   | 27,290 |   |
| Other      income                                                   |   |                | 2,780     |   |   |   | 4,936 |   |   |   | 5,309 |   |   |   | 4,560 |   |   |   | 1,663 |   |
| Other      expense                                                  |   |                | 27,257    |   |   |   | 19,491 |   |   |   | 25,249 |   |   |   | 17,524 |   |   |   | 14,800 |   |
|                                                                |   |                |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income      before income tax expense                               |   |                | 9,572     |   |   |   | 15,178 |   |   |   | 9,370 |   |   |   | 13,290 |   |   |   | 14,153 |   |
| Income      tax expense (benefit)                                   |   |                | 4,020     |   |   |   | 6,218 |   |   |   | (1,664 | ) |   |   | 4,827 |   |   |   | 5,193 |   |
| Net      income                                                     |   | $                   | 5,552     |   |   | $ | 8,960 |   |   | $ |  11,034 |   |   | $ |  8,463 |   |   | $ |  8,960 |   |

----

|                                                                              |   | At      or For the Years Ended June 30, |   |
|-----------------------------------------------------------------------------------|--------|-----------------------------------------|--------|
|                                                                              |   | 2009                                    |   |   | 2008 |   |   | 2007 |   |   | 2006 |   |   | 2005 |   |
|                                                                              |   |                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Selected      Financial Ratios and Other Data:                                    |   |                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Performance      Ratios:                                                          |   |                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Return      on assets (ratio of net income to average total assets)               |   |                                    | 0.33   | % |   |   | 0.68 | % |   |   | 0.94 | % |   |   | 0.81 | % |   |   | 0.86 | % |
| Return      on equity (ratio of net income to average equity)                     |   |                                    | 2.20   | % |   |   | 3.21 | % |   |   | 5.48 | % |   |   | 5.77 | % |   |   | 6.51 | % |
| Average      interest rate spread (1)                                             |   |                                    | 2.36   | % |   |   | 2.06 | % |   |   | 2.23 | % |   |   | 2.42 | % |   |   | 2.54 | % |
| Net      interest margin (2)                                                      |   |                                    | 2.77   | % |   |   | 2.77 | % |   |   | 2.73 | % |   |   | 2.77 | % |   |   | 2.80 | % |
| Efficiency      ratio (3)                                                         |   |                                    | 58.35  | % |   |   | 49.59 | % |   |   | 70.47 | % |   |   | 54.23 | % |   |   | 49.74 | % |
| Non-interest      expense to average total assets                                 |   |                                    | 1.63   | % |   |   | 1.49 | % |   |   | 2.14 | % |   |   | 1.68 | % |   |   | 1.43 | % |
| Average      interest-earning assets to average interest-bearing      liabilities |   |                                    | 114.47 | % |   |   | 123.59 | % |   |   | 117.00 | % |   |   | 115.05 | % |   |   | 114.42 | % |
|                                                                              |   |                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Asset      Quality Ratios:                                                        |   |                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-performing      assets to total assets                                        |   |                                    | 2.74   | % |   |   | 0.98 | % |   |   | — | % |   |   | 0.04 | % |   |   | 0.02 | % |
| Non-performing      loans to total loans                                          |   |                                    | 4.03   | % |   |   | 1.39 | % |   |   | — | % |   |   | 0.07 | % |   |   | 0.04 | % |
| Allowance      for loan losses to total loans                                     |   |                                    | 1.59   | % |   |   | 1.32 | % |   |   | 1.15 | % |   |   | 1.18 | % |   |   | 1.23 | % |
|                                                                              |   |                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Capital      Ratios:                                                              |   |                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      capital (to risk-weighted assets)                                      |   |                                    | 19.15  | % |   |   | 27.78 | % |   |   | 34.87 | % |   |   | 26.98 | % |   |   | 30.80 | % |
| Tier      I capital (to risk-weighted assets)                                     |   |                                    | 17.90  | % |   |   | 26.53 | % |   |   | 33.77 | % |   |   | 25.73 | % |   |   | 29.55 | % |
| Tier      I capital (to average assets)                                           |   |                                    | 14.31  | % |   |   | 19.71 | % |   |   | 23.10 | % |   |   | 14.39 | % |   |   | 13.62 | % |
|                                                                              |   |                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other      Data:                                                                  |   |                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Number      of full service offices                                               |   |                                    | 21     |   |   |   | 19 |   |   |   | 19 |   |   |   | 19 |   |   |   | 21 |   |
| Full      time equivalent employees                                               |   |                                    | 174    |   |   |   | 155 |   |   |   | 144 |   |   |   | 143 |   |   |   | 138 |   |

----

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

| (2) | The      net interest margin represents net interest income as a percent of average      interest-earning assets for theperiod. |
|-----|---------------------------------------------------------------------------------------------------------------------------------|

| (3)  | The      efficiency ratio represents non-interest expense divided by the sum of net      interest income before provision for loan losses and non-interest      income. |
|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ITEM      7. | MANAGEMENT’S      DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF      OPERATIONS |
|--------------|-------------------------------------------------------------------------------------------------------|

----

----

----

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----

| Delinquency Totals (in      thousands) |   |     |   |   |     |   |   |     |   |
|----------------------------------------|--------|----------|--------|--------|----------|--------|--------|----------|--------|
|                                   |   | 06/30/09 |   |   | 06/30/08 |   |   | 06/30/07 |   |
|                                   |   |     |   |   |     |   |   |     |   |
| 30      - 59 days past due             |   | $        | 6,727  |   |     | $      | 27,985 |     |   | $ | 555 |   |
| 60      - 89 days past due             |   |     | 17,825 |   |     |   | 18     |     |   |   | 39 |   |
| 90+      days past due                 |   |     | 47,839 |   |     |   | 13,876 |     |   |   | - |   |
| Total                                  |   | $        | 72,391 |   |     | $      | 41,879 |     |   | $ | 594 |   |

----

----

----

| Delinquency Totals (in      thousands) |   |     |   |   |     |   |
|----------------------------------------|--------|----------|--------|--------|----------|--------|
|                                   |   | 06/30/08 |   |   | 06/30/07 |   |
|                                   |   |     |   |
| 30      - 59 days past due             |   | $        | 27,985 |   |     | $      | 555 |   |
| 60      - 89 days past due             |   |     | 18     |   |     |   | 39 |   |
| 90+      days past due                 |   |     | 13,876 |   |     |   | - |   |
| Total                                  |   | $        | 41,879 |   |     | $      | 594 |   |

----

----

|                                                                  |   | For      the Years Ended June 30, |      |
|-----------------------------------------------------------------------|--------|-----------------------------------|-----------|
|                                                                  |   | 2009                              |      |   | 2008 |   |   | 2007 |   |
|                                                                  |   | AverageOutstandingBalance         |      |   | Interest |   |   | Yield/Rate |   |   | AverageOutstandingBalance |   |   | Interest |   |   | Yield/Rate |   |   | AverageOutstandingBalance |   |   | Interest |   |   | Yield/Rate |   |
|                                                                  |   |                              |      |
|                                                                  |   | (Dollars      in thousands)       |      |
|                                                                  |   |                              |      |
| Interest-earning      assets:                                         |   |                              |      |
| Loans, net (1)                                                        |   | $                                 | 1,181,385 |   |   | $ | 72,158 |   |   |   | 6.11 | % |   | $ | 858,223 |   |   | $ | 55,053 |   |   |   | 6.41 | % |   | $ | 693,902 |   |   | $ | 44,278 |   |   |   | 6.38 | % |
| Securities      available for sale at market value                    |   |                              | 67,479    |   |   |   | 2,468 |   |   |   | 3.66 |   |   |   | 34,464 |   |   |   | 1,716 |   |   |   | 4.98 |   |   |   | 15,789 |   |   |   | 868 |   |   |   | 5.50 |   |
| Securities      held to maturity                                      |   |                              | 24,937    |   |   |   | 1,069 |   |   |   | 4.29 |   |   |   | 19,192 |   |   |   | 999 |   |   |   | 5.21 |   |   |   | 19,093 |   |   |   | 1,073 |   |   |   | 5.62 |   |
| Mortgage-backed      securities available for sale at market value    |   |                              | 145,713   |   |   |   | 7,046 |   |   |   | 4.84 |   |   |   | 91,060 |   |   |   | 4,710 |   |   |   | 5.17 |   |   |   | 16,147 |   |   |   | 813 |   |   |   | 5.03 |   |
| Mortgage-backed      securities held to maturity                      |   |                              | 142,484   |   |   |   | 5,615 |   |   |   | 3.94 |   |   |   | 192,007 |   |   |   | 7,409 |   |   |   | 3.86 |   |   |   | 245,625 |   |   |   | 9,475 |   |   |   | 3.86 |   |
| Federal      Funds sold and short term investments                    |   |                              | 25,021    |   |   |   | 73 |   |   |   | 0.29 |   |   |   | 45,292 |   |   |   | 1,704 |   |   |   | 3.76 |   |   |   | 127,215 |   |   |   | 6,842 |   |   |   | 5.38 |   |
| Total      interest-earning assets                                    |   |                              | 1,587,019 |   |   |   | 88,429 |   |   |   | 5.57 |   |   |   | 1,240,238 |   |   |   | 71,591 |   |   |   | 5.77 |   |   |   | 1,117,771 |   |   |   | 63,349 |   |   |   | 5.67 |   |
| Non-interest-earning      assets                                      |   |                              | 84,535    |   |   |   |   |   |   |   |   |   |   |   | 69,806 |   |   |   |   |   |   |   |   |   |   |   | 62,293 |   |   |   |   |   |   |   |   |   |
| Total      assets                                                     |   | $                                 | 1,671,554 |   |   |   |   |   |   |   |   |   |   | $ | 1,310,044 |   |   |   |   |   |   |   |   |   |   | $ | 1,180,064 |   |   |   |   |   |   |   |   |   |
|                                                                  |   |                              |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing      liabilities:                                    |   |                              |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Savings      accounts                                                 |   | $                                 | 144,810   |   |   |   | 1,979 |   |   |   | 1.37 | % |   | $ | 151,068 |   |   |   | 2,427 |   |   |   | 1.61 | % |   | $ | 211,397 |   |   |   | 3,093 |   |   |   | 1.46 | % |
| Money      market deposit accounts                                    |   |                              | 103,932   |   |   |   | 2,626 |   |   |   | 2.53 |   |   |   | 50,263 |   |   |   | 1,730 |   |   |   | 3.44 |   |   |   | 32,673 |   |   |   | 1,195 |   |   |   | 3.66 |   |
| NOW      accounts                                                     |   |                              | 75,324    |   |   |   | 628 |   |   |   | 0.83 |   |   |   | 71,176 |   |   |   | 812 |   |   |   | 1.14 |   |   |   | 75,153 |   |   |   | 868 |   |   |   | 1.15 |   |
| Time      deposits                                                    |   |                              | 556,730   |   |   |   | 19,029 |   |   |   | 3.42 |   |   |   | 420,787 |   |   |   | 18,896 |   |   |   | 4.49 |   |   |   | 425,563 |   |   |   | 18,526 |   |   |   | 4.35 |   |
| Total      deposits                                                   |   |                              | 880,796   |   |   |   | 24,262 |   |   |   | 2.75 |   |   |   | 693,294 |   |   |   | 23,865 |   |   |   | 3.44 |   |   |   | 744,786 |   |   |   | 23,682 |   |   |   | 3.18 |   |
| Borrowings                                                            |   |                              | 505,599   |   |   |   | 20,238 |   |   |   | 4.00 |   |   |   | 310,231 |   |   |   | 13,343 |   |   |   | 4.30 |   |   |   | 210,598 |   |   |   | 9,147 |   |   |   | 4.34 |   |
| Total      interest-bearing liabilities                               |   |                              | 1,386,395 |   |   |   | 44,500 |   |   |   | 3.21 | % |   |   | 1,003,525 |   |   |   | 37,208 |   |   |   | 3.71 | % |   |   | 955,384 |   |   |   | 32,829 |   |   |   | 3.44 | % |
| Non-interest-bearing      liabilities                                 |   |                              | 33,071    |   |   |   |   |   |   |   |   |   |   |   | 27,438 |   |   |   |   |   |   |   |   |   |   |   | 23,319 |   |   |   |   |   |   |   |   |   |
| Total      liabilities                                                |   |                              | 1,419,466 |   |   |   |   |   |   |   |   |   |   |   | 1,030,963 |   |   |   |   |   |   |   |   |   |   |   | 978,703 |   |   |   |   |   |   |   |   |   |
| Stockholders’      Equity                                       |   |                              | 252,088   |   |   |   |   |   |   |   |   |   |   |   | 279,081 |   |   |   |   |   |   |   |   |   |   |   | 201,361 |   |   |   |   |   |   |   |   |   |
| Total      liabilities and Stockholders’ Equity                 |   | $                                 | 1,671,554 |   |   |   |   |   |   |   |   |   |   | $ | 1,310,044 |   |   |   |   |   |   |   |   |   |   | $ | 1,180,064 |   |   |   |   |   |   |   |   |   |
|                                                                  |   |                              |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      interest income                                              |   |                              |      |   |   | $ | 43,929 |   |   |   |   |   |   |   |   |   |   | $ | 34,383 |   |   |   |   |   |   |   |   |   |   | $ | 30,520 |   |   |   |   |   |
| Net interest rate      spread (2)                                     |   |                              |      |   |   |   |   |   |   |   | 2.36 | % |   |   |   |   |   |   |   |   |   |   | 2.06 | % |   |   |   |   |   |   |   |   |   |   | 2.23 | % |
| Net interest-earning      assets(3)                                   |   | $                                 | 200,624   |   |   |   |   |   |   |   |   |   |   | $ | 236,713 |   |   |   |   |   |   |   |   |   |   | $ | 162,387 |   |   |   |   |   |   |   |   |   |
| Net interest margin      (4)                                          |   |                              |      |   |   |   |   |   |   |   | 2.77 | % |   |   |   |   |   |   |   |   |   |   | 2.77 | % |   |   |   |   |   |   |   |   |   |   | 2.73 | % |
| Ratio      of interest-earning assets to interest-bearing liabilities |   |                              |      |   |   |   |   |   |   |   | 114.47 | % |   |   |   |   |   |   |   |   |   |   | 123.59 | % |   |   |   |   |   |   |   |   |   |   | 117.00 | % |

----

| (1) | Includes      nonaccrual loans. |
|-----|---------------------------------|

| (2) | Net      interest rate spread represents the difference between the      weighted-average yield on interest-earning assets and the weighted-      average cost of interest-bearing liabilities for the    period. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Net      interest-earning assets represents total interest-earning assets less      interest-bearing liabilities. |
|-----|-------------------------------------------------------------------------------------------------------------------|

| (4) | Net      interest margin represents net interest income as a percent of average      interest-earning assets for theperiod. |
|-----|-----------------------------------------------------------------------------------------------------------------------------|

----

|                                               |   | Years      Ended June 30,2009      vs. 2008 |   |   | Years      Ended June 30,2008      vs. 2007 |   |
|----------------------------------------------------|--------|---------------------------------------------|--------|--------|---------------------------------------------|--------|
|                                               |   | Increase      (Decrease)Due      to         |   |   | TotalIncrease(Decrease)                     |   |   | Increase      (Decrease) Dueto |   |   | TotalIncrease(Decrease) |   |
|                                               |   | Volume                                      |   |   | Rate                                        |   |   | Volume |   |   | Rate |   |
|                                               |   | (In      thousands)                         |   |
|                                               |   |                                        |   |   |                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-earning      assets:                      |   |                                        |   |   |                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans,      net                                    |   | $                                           | 20,730 |   |                                        | $      | (3,625 | ) |   | $ | 17,105 |   |   | $ | 10,485 |   |   | $ | 290 |   |   | $ | 10,775 |   |
| Securities      available for sale                 |   |                                        | 1,644  |   |                                        |   | (892 | ) |   |   | 752 |   |   |   | 1,027 |   |   |   | (179 | ) |   |   | 848 |   |
| Securities      held to maturity                   |   |                                        | 299    |   |                                        |   | (229 | ) |   |   | 70 |   |   |   | 6 |   |   |   | (80 | ) |   |   | (74 | ) |
| Mortgage-backed      securities available for sale |   |                                        | 2,827  |   |                                        |   | (491 | ) |   |   | 2,336 |   |   |   | 3,772 |   |   |   | 125 |   |   |   | 3,897 |   |
| Mortgage-backed      securities held to maturity   |   |                                        | (1,911 | )      |                                        |   | 117 |   |   |   | (1,794 | ) |   |   | (2,068 | ) |   |   | 2 |   |   |   | (2,066 | ) |
| Federal      Funds sold and short term investments |   |                                        | (763   | )      |                                        |   | (868 | ) |   |   | (1,631 | ) |   |   | (4,406 | ) |   |   | (732 | ) |   |   | (5,138 | ) |
|                                               |   |                                        |   |   |                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      interest-earning assets                 |   |                                        | 22,826 |   |                                        |   | (5,988 | ) |   |   | 16,838 |   |   |   | 8,816 |   |   |   | (574 | ) |   |   | 8,242 |   |
|                                               |   |                                        |   |   |                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing      liabilities:                 |   |                                        |   |   |                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Savings      accounts                              |   |                                        | (101   | )      |                                        |   | (347 | ) |   |   | (448 | ) |   |   | (883 | ) |   |   | 217 |   |   |   | (666 | ) |
| Money      market                                  |   |                                        | 1,847  |   |                                        |   | (951 | ) |   |   | 896 |   |   |   | 643 |   |   |   | (108 | ) |   |   | 535 |   |
| NOW      accounts                                  |   |                                        | 47     |   |                                        |   | (231 | ) |   |   | (184 | ) |   |   | (46 | ) |   |   | (10 | ) |   |   | (56 | ) |
| Time      deposits                                 |   |                                        | 6,105  |   |                                        |   | (5,972 | ) |   |   | 133 |   |   |   | (208 | ) |   |   | 578 |   |   |   | 370 |   |
| Total      deposits                                |   |                                        | 7,898  |   |                                        |   | (7,501 | ) |   |   | 397 |   |   |   | (494 | ) |   |   | 677 |   |   |   | 183 |   |
|                                               |   |                                        |   |   |                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Borrowings                                         |   |                                        | 8,403  |   |                                        |   | (1,508 | ) |   |   | 6,895 |   |   |   | 4,327 |   |   |   | (131 | ) |   |   | 4,196 |   |
|                                               |   |                                        |   |   |                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      interest-bearing liabilities            |   |                                        | 16,301 |   |                                        |   | (9,009 | ) |   |   | 7,292 |   |   |   | 3,833 |   |   |   | 546 |   |   |   | 4,379 |   |
|                                               |   |                                        |   |   |                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Change      in net interest income                 |   | $                                           | 6,525  |   |                                        | $      | 3,021 |   |   | $ | 9,546 |   |   | $ | 4,983 |   |   | $ | (1,120 | ) |   | $ | 3,863 |   |

|   | (i) | originating      multi-family and commercial real estate loans that generally tend to have      shorter interest duration and generally reset at five    years; |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii)  | investing      in shorter duration securities and mortgage-backed securities;      and |
|--------|------------|----------------------------------------------------------------------------------------|

----

|   | (iii) | obtaining      general financing through FHLB advances with either a fixed long term or      with call options that are consideredunlikely. |
|--------|-------|---------------------------------------------------------------------------------------------------------------------------------------------|

|                                     |   |                        |    |   |                                     |   |    |    |   |   | NPV      as a Percentage of PresentValue      of Assets (3) |   |
|------------------------------------------|--------|-----------------------------|---------|--------|------------------------------------------|--------|---------|---------|--------|--------|-------------------------------------------------------------|--------|
| Change      in InterestRates      (basis |   | Estimated                   |    |   | Estimated      Increase (Decrease) inNPV |   |    |    |   |   | Increase(Decrease)                                          |   |
| points)      (1)                         |   | NPV      (2)                |    |   | Amount                                   |   |    | Percent |   |   | NPV      Ratio (4)                                          |   |   | (basis      points) |   |
|                                     |   | (Dollars      in thousands) |    |
|                                     |   |                        |    |   |                                     |   |    |    |   |   |                                                        |   |   |   |   |
| +200                                     |   |                        | 167,918 |   |                                     |   | (70,935 | )       |   |   | (29.7                                                       | )%     |   |   | 9.3 |   |   |   | (310 | ) |
|           0               |   |                        | 238,853 |   |                                     |   | — |    |   |   | —                                                     |   |   |   | 12.4 |   |   |   | — |   |
| -100                                     |   |                        | 272,558 |   |                                     |   | 33,705  |    |   |   | 14.1                                                        |   |   |   | 13.7 |   |   |   | 130 |   |

----

|   | (1) | Assumes      an instantaneous uniform change in interest rates at all      maturities. |
|--------|-----|----------------------------------------------------------------------------------------|

|   | (2) | NPV      is the discounted present value of expected cash flows from assets,      liabilities and off-balance sheetcontracts. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------|

|   | (3) | Present      value of assets represents the discounted present value of incoming cash      flows on interest-earning assets. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------|

|   | (4) | NPV      Ratio represents NPV divided by the present value of    assets. |
|--------|-----|--------------------------------------------------------------------------|

----

|   | (i) | expected      loan demand; |
|--------|-----|----------------------------|

|   | (ii) | expected      deposit flows; |
|--------|------|------------------------------|

|   | (iii) | expected      payments from the loan and investment  portfolios; |
|--------|-------|------------------------------------------------------------------|

|   | (iv) | funds      available through borrowings; |
|--------|------|------------------------------------------|

|   | (v) | yields      available on interest-earning deposits and  securities |
|--------|-----|--------------------------------------------------------------------|

|   | (vi) | yields      and structures available on alternate investments;  and. |
|--------|------|----------------------------------------------------------------------|

|   | (vii) | the      objectives of our asset/liability management  program |
|--------|-------|----------------------------------------------------------------|

----

|                                    |   | Payments      Due by Period |   |
|-----------------------------------------|--------|-----------------------------|--------|
| Contractual      Obligations            |   | Less      thanOne      Year |   |   | One      to ThreeYears |   |   | Three      to FiveYears |   |   | More      thanFive      Years |   |   | Total |   |
|                                    |   | (In      thousands)         |   |
|                                    |   |                        |   |
| Federal      Home Loan Bank advances    |   | $                           | 10,372 |   |   | $ | 57,934 |   |   | $ | 110,685 |   |   | $ | 330,000 |   |   | $ | 508,991 |   |
| Operating      leases                   |   |                        | 289    |   |   |   | 570 |   |   |   | 418 |   |   |   | 448 |   |   |   | 1,725 |   |
| Total                                   |   | $                           | 10,661 |   |   | $ | 58,504 |   |   | $ | 111,103 |   |   | $ | 330,448 |   |   | $ | 510,716 |   |
| Commitments      to extend credit       |   | $                           | 77,729 |   |   | $ | – |   |   | $ | – |   |   | $ | – |   |   | $ | 77,729 |   |
| Unadvanced      construction loans      |   | $                           | 39,708 |   |   | $ | – |   |   | $ | – |   |   | $ | – |   |   | $ | 39,708 |   |
| Unused      lines of credit             |   | $                           | 33,800 |   |   | $ | – |   |   | $ | – |   |   | $ | – |   |   | $ | 33,800 |   |
| Commitments      to purchase securities |   | $                           | 20,000 |   |   | $ | – |   |   | $ | – |   |   | $ | – |   |   | $ | 20,000 |   |

----

| ITEM 7A.  | QUANTITATIVE AND      QUALITATIVE DISCLOSURE ABOUT MARKETRISK |
|---------------------|---------------------------------------------------------------|

| ITEM 8.  | FINANCIAL STATEMENTS      AND SUPPLEMENTARY DATA |
|--------------------|--------------------------------------------------|

| ITEM      9. | CHANGES IN AND      DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL      DISCLOSURE |
|--------------|------------------------------------------------------------------------------------------------|

| ITEM 9A.  | CONTROLS AND      PROCEDURES |
|---------------------|------------------------------|

|   | (c) |          Management report on internal control over financial      reporting. |
|--------|-----|----------------------------------------------------------------------------------------------|

----

| ITEM 9B.  | OTHER      INFORMATION |
|---------------------|------------------------|

| ITEM 10.  | DIRECTORS AND      EXECUTIVE OFFICERS OF THEREGISTRANT |
|---------------------|--------------------------------------------------------|

| ITEM 11.  | EXECUTIVE      COMPENSATION |
|---------------------|-----------------------------|

| ITEM 12. | SECURITY OWNERSHIP OF      CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER      MATTERS |
|---------------|----------------------------------------------------------------------------------------------------------|

| ITEM 13.  | CERTAIN RELATIONSHIPS      AND RELATED TRANSACTIONS |
|---------------------|-----------------------------------------------------|

| ITEM 14.  | PRINCIPAL ACCOUNTANT      FEES AND SERVICES |
|---------------------|---------------------------------------------|

| ITEM 15.  | EXHIBITS AND FINANCIAL      STATEMENT SCHEDULES |
|---------------------|-------------------------------------------------|

|  | (A) | Report      of Independent Registered Public AccountingFirm |
|--|-----|-------------------------------------------------------------|

|   | (B) | Consolidated      Balance Sheets - at June 30, 2009 and2008 |
|--------|-----|-------------------------------------------------------------|

|   | (C) | Consolidated      Statements of Income - Years ended June 30, 2009, 2008 and      2007 |
|--------|-----|----------------------------------------------------------------------------------------|

|   | (D) | Consolidated      Statements of Stockholders’ Equity - Years ended June 30, 2009, 2008 and      2007 |
|--------|-----|------------------------------------------------------------------------------------------------------------|

|   | (E) | Consolidated      Statements of Cash Flows - Years ended June 30, 2009, 2008 and      2007 |
|--------|-----|--------------------------------------------------------------------------------------------|

----

----

----

| Consolidated      Balance Sheets     |
|--------------------------------------|
| June      30, 2009 and June 30, 2008 |

|                                                                                                                                                                                                                       |   | 2009                        |      |   | 2008   |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------|-----------|--------|--------|--------|
|                                                                                                                                                                                                                       |   | (Dollars      in thousands) |      |
| Assets                                                                                                                                                                                                                     |   |                        |      |
| Cash      on hand and in banks                                                                                                                                                                                             |   | $                           | 7,729     |   |   | $      | 7,332 |   |
| Federal      funds sold and short term investments                                                                                                                                                                         |   |                        | 127,640   |   |   |   | 1,558 |   |
| Cash      and cash equivalents (note 3)                                                                                                                                                                                    |   |                        | 135,369   |   |   |   | 8,890 |   |
|                                                                                                                                                                                                                       |   |                        |      |   |   |   |   |   |
| Loans,      net (notes 4 and 5)                                                                                                                                                                                            |   |                        | 1,278,623 |   |   |   | 1,007,077 |   |
| Securities      available for sale, at market value (notes 7 and 12)                                                                                                                                                       |   |                        | 144,419   |   |   |   | 22,285 |   |
| Mortgage-backed      securities held to maturity, estimated market value of $120,381 and      $162,671 June 30, 2009 and 2008, respectively (notes 6 and    12)                                                       |   |                        | 118,817   |   |   |   | 163,950 |   |
| Mortgage-backed      securities available for sale,  at market value (notes 7 and      12)                                                                                                                       |   |                        | 128,603   |   |   |   | 149,209 |   |
| Bank      Owned Life Insurance (at cash surrender value)                                                                                                                                                                   |   |                        | 29,385    |   |   |   | 26,425 |   |
| Federal      Home Loan Bank of New York stock, at cost                                                                                                                                                                     |   |                        | 25,549    |   |   |   | 21,547 |   |
| Accrued      interest receivable (note 8)                                                                                                                                                                                  |   |                        | 7,967     |   |   |   | 5,646 |   |
| Investments      in real estate joint ventures, net                                                                                                                                                                        |   |                        | 5,767     |   |   |   | 5,564 |   |
| Real      estate held for investment                                                                                                                                                                                       |   |                        | 1,338     |   |   |   | 3,681 |   |
| Office      properties and equipment, net (note 9)                                                                                                                                                                         |   |                        | 13,777    |   |   |   | 9,287 |   |
| Other      assets (note 11)                                                                                                                                                                                                |   |                        | 23,907    |   |   |   | 19,733 |   |
| Total      assets                                                                                                                                                                                                          |   | $                           | 1,913,521 |   |   | $      | 1,443,294 |   |
|                                                                                                                                                                                                                       |   |                        |      |   |   |   |   |   |
| Liabilities      and Stockholders' Equity                                                                                                                                                                                  |   |                        |      |   |   |   |   |   |
| Liabilities:                                                                                                                                                                                                               |   |                        |      |   |   |   |   |   |
| Deposits      (note 10)                                                                                                                                                                                                    |   | $                           | 1,127,630 |   |   | $      | 698,932 |   |
| Borrowings  (note      12)                                                                                                                                                                                       |   |                        | 508,991   |   |   |   | 433,672 |   |
| Advance      payments by borrowers for taxes and insurance                                                                                                                                                                 |   |                        | 8,301     |   |   |   | 7,024 |   |
| Official      checks outstanding                                                                                                                                                                                           |   |                        | 2,699     |   |   |   | 4,143 |   |
| Other      liabilities (note 13)                                                                                                                                                                                           |   |                        | 25,802    |   |   |   | 20,548 |   |
| Total      liabilities                                                                                                                                                                                                     |   |                        | 1,673,423 |   |   |   | 1,164,319 |   |
|                                                                                                                                                                                                                       |   |                        |      |   |   |   |   |   |
| Stockholders'      Equity (notes 2 and 16):                                                                                                                                                                                |   |                        |      |   |   |   |   |   |
| Preferred      stock, $0.01 par value; 10,000,000 shares authorized-none issued or      outstanding                                                                                                                        |   |                        | —   |   |   |   | — |   |
| Common      stock, $0.01 par value; 80,000,000 shares authorized; 40,552,162      issued at June 30, 2008 and June 30, 2007 37,133,684 outstanding at June      30, 2009 and 40,187,062 outstanding at June 30, 2008. |   |                        | 130       |   |   |   | 130 |   |
| Additional      paid-in capital                                                                                                                                                                                            |   |                        | 130,375   |   |   |   | 128,656 |   |
| Unallocated      common stock held by the employee stock  ownership      plan                                                                                                                                    |   |                        | (13,909   | )      |   |   | (14,704 | ) |
| Treasury      stock, at cost;3,418,478 shares at June 30, 2009 and 365,100 sahres at      June 30, 2008                                                                                                                    |   |                        | (53,418   | )      |   |   | (5,926 | ) |
| Retained      income (note 11)                                                                                                                                                                                             |   |                        | 176,199   |   |   |   | 171,160 |   |
| Accumulated      other comprehensive loss, net of tax                                                                                                                                                                      |   |                        | 721       |   |   |   | (341 | ) |
| Total      stockholders' equity                                                                                                                                                                                            |   |                        | 240,098   |   |   |   | 278,975 |   |
|                                                                                                                                                                                                                       |   |                        |      |   |   |   |   |   |
| Commitments      and contingencies (notes 4 and 15)                                                                                                                                                                        |   |                        |      |   |   |   |   |   |
| Total      liabilities and stockholders' equity                                                                                                                                                                            |   | $                           | 1,913,521 |   |   | $      | 1,443,294 |   |

----

|                                                                                                                                                                                                      |   | 2009                        |    |   | 2008   |   |         | 2007   |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------|---------|--------|--------|--------|--------------|--------|--------|
|                                                                                                                                                                                                      |   | (Dollars      in thousands) |    |
| Interest      income:                                                                                                                                                                                     |   |                        |    |   |   |   |         |   |   |
| Interest      on mortgage loans                                                                                                                                                                           |   | $                           | 72,158  |   |   | $      | 55,053       |   |   | $ | 44,278 |   |
| Interest      on securities held to maturity and dividends on FHLB stock                                                                                                                                  |   |                        | 1,069   |   |   |   | 999          |   |   |   | 1,073 |   |
| Interest      on securities available for sale                                                                                                                                                            |   |                        | 2,468   |   |   |   | 1,716        |   |   |   | 868 |   |
| Interest      on mortgage-backed securities held to maturity                                                                                                                                              |   |                        | 5,615   |   |   |   | 7,409        |   |   |   | 9,475 |   |
| Interest      on mortgage-backed securities available for sale                                                                                                                                            |   |                        | 7,046   |   |   |   | 4,710        |   |   |   | 813 |   |
| Interest      on federal funds sold and short term investments                                                                                                                                            |   |                        | 73      |   |   |   | 1,704        |   |   |   | 6,842 |   |
| Total      interest income                                                                                                                                                                                |   |                        | 88,429  |   |   |   | 71,591       |   |   |   | 63,349 |   |
|                                                                                                                                                                                                      |   |                        |    |   |   |   |         |   |   |   |   |   |
| Interest      expense:                                                                                                                                                                                    |   |                        |    |   |   |   |         |   |   |   |   |   |
| Deposits      and stock subscription proceeds (note 10)                                                                                                                                                   |   |                        | 24,262  |   |   |   | 23,865       |   |   |   | 23,682 |   |
| Borrowings      (note 12)                                                                                                                                                                                 |   |                        | 20,238  |   |   |   | 13,343       |   |   |   | 9,147 |   |
| Total      interest expense                                                                                                                                                                               |   |                        | 44,500  |   |   |   | 37,208       |   |   |   | 32,829 |   |
|                                                                                                                                                                                                      |   |                        |    |   |   |   |         |   |   |   |   |   |
| Net      interest income before provision for losses on loans                                                                                                                                        |   |                        | 43,929  |   |   |   | 34,383       |   |   |   | 30,520 |   |
| Provision      for loan losses (note 5)                                                                                                                                                                   |   |                        | 9,880   |   |   |   | 4,650        |   |   |   | 1,210 |   |
| Net      interest income                                                                                                                                                                                  |   |                        | 34,049  |   |   |   | 29,733       |   |   |   | 29,310 |   |
|                                                                                                                                                                                                      |   |                        |    |   |   |   |         |   |   |   |   |   |
| Other      income:                                                                                                                                                                                        |   |                        |    |   |   |   |         |   |   |   |   |   |
| Service      charges                                                                                                                                                                                      |   |                        | 1,122   |   |   |   | 1,126        |   |   |   | 1,119 |   |
| Real      estate operations, net                                                                                                                                                                          |   |                        | 1,294   |   |   |   | 1,314        |   |   |   | 1,205 |   |
| Income      from investments in real estate joint ventures                                                                                                                                                |   |                        | 1,124   |   |   |   | 1,192        |   |   |   | 1,084 |   |
| BOLI      income                                                                                                                                                                                          |   |                        | 1,127   |   |   |   | 1,060        |   |   |   | 984 |   |
| Net      loss on sale and write down of securities                                                                                                                                                        |   |                        | (2,045  | )      |   |   | (998         | )      |   |   | — |   |
| Gain      on sale of Real Estate Held for Investment                                                                                                                                                      |   |                        | — |   |   |   | 1,096        |   |   |   | — |   |
| Gain      on sale of fixed assets                                                                                                                                                                         |   |                        | — |   |   |   | —      |   |   |   | 514 |   |
| Other      income                                                                                                                                                                                         |   |                        | 158     |   |   |   | 146          |   |   |   | 403 |   |
| Total      other income                                                                                                                                                                                   |   |                        | 2,780   |   |   |   | 4,936        |   |   |   | 5,309 |   |
|                                                                                                                                                                                                      |   |                        |    |   |   |   |         |   |   |   |   |   |
| Operating      expenses:                                                                                                                                                                                  |   |                        |    |   |   |   |         |   |   |   |   |   |
| Compensation,      payroll taxes and fringe benefits (notes 13 and 14)                                                                                                                                    |   |                        | 18,670  |   |   |   | 13,923       |   |   |   | 11,213 |   |
| Advertising                                                                                                                                                                                               |   |                        | 635     |   |   |   | 470          |   |   |   | 510 |   |
| Office      occupancy and equipment expense (notes 9 and 15)                                                                                                                                              |   |                        | 2,088   |   |   |   | 1,595        |   |   |   | 1,575 |   |
| Data      processing service fees                                                                                                                                                                         |   |                        | 1,069   |   |   |   | 1,058        |   |   |   | 1,031 |   |
| Federal      insurance premiums                                                                                                                                                                           |   |                        | 1,774   |   |   |   | 92           |   |   |   | 93 |   |
| Contribution      to charitable foundation (note 2)                                                                                                                                                       |   |                        | — |   |   |   | —      |   |   |   | 9,110 |   |
| Other      expenses                                                                                                                                                                                       |   |                        | 3,021   |   |   |   | 2,353        |   |   |   | 1,717 |   |
| Total      operating expenses                                                                                                                                                                             |   |                        | 27,257  |   |   |   | 19,491       |   |   |   | 25,249 |   |
|                                                                                                                                                                                                      |   |                        |    |   |   |   |         |   |   |   |   |   |
| Income      before income tax expense                                                                                                                                                                     |   |                        | 9,572   |   |   |   | 15,178       |   |   |   | 9,370 |   |
| Income      tax expense (benefit) (note 11)                                                                                                                                                               |   |                        | 4,020   |   |   |   | 6,218        |   |   |   | (1,664 | ) |
| Net      income                                                                                                                                                                                           |   | $                           | 5,552   |   |   | $      | $ 8,960 |   |   | $ | $ 11,034 |   |
| Earnings      per share-basic and diluted (fiscal 2009 and 2008 represent a full      year, fiscal 2007 represents the period from January 23, 2007      to  June 30, 2007) (note 20) |   | $                           | 0.15    |   |   | $      | 0.23         |   |   | $ | 0.15 |   |

----

|                                                                                                                                              |   |   |    |   |       |   |    |     |   |   |         |   |   |     |    |   | Accumu-         |   |    |     |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------|--------|------------|--------|---------|----------|--------|--------|--------------|--------|--------|----------|---------|--------|-----------------|--------|---------|----------|--------|
|                                                                                                                                              |   |   |    |   |       |   |    |     |   |   | Un-          |   |   |     |    |   | lated           |   |    |     |   |
|                                                                                                                                              |   |   |    |   |       |   |    |     |   |   | allocated    |   |   |     |    |   | other           |   |    |     |   |
|                                                                                                                                              |   |   |    |   |       |   |    |     |   |   | common       |   |   |     |    |   | compre-         |   |    | Total    |   |
|                                                                                                                                              |   |   |    |   | Additional |   |    |     |   |   | stock        |   |   |     |    |   | hensive         |   |    | stock-   |   |
|                                                                                                                                              |   | Common |    |   | paid-in    |   |    | Treasury |   |   | held      by |   |   | Retained |    |   | (loss)          |   |    | holders' |   |
|                                                                                                                                              |   | Stock  |    |   | capital    |   |    | Stock    |   |   | ESOP         |   |   | income   |    |   | net      of tax |   |    | equity   |   |
| Balance      at June 30, 2006                                                                                                                     |   | $      | — |   |       | $      | — |     |   | $      | —      |   |   | $        | — |   |            | $      | 150,266 |     |   | $ | (130 | ) |   | $ | 150,136 |   |
| Comprehensive      income:                                                                                                                        |   |   |    |   |       |   |    |     |   |   |         |   |   |     |    |   |            |   |    |     |   |   |   |   |   |   |   |   |
| Net      income                                                                                                                                   |   |   | — |   |       |   | — |     |   |   | —      |   |   |     | — |   |            |   | 11,034  |     |   |   | — |   |   |   | 11,034 |   |
| Unrealized      holding gain on securities available for sale arising during year, net of      tax                                                |   |   | — |   |       |   | — |     |   |   | —      |   |   |     | — |   |            |   | — |     |   |   | 3 |   |   |   | 3 |   |
| Change      in minimum pension liability, net of tax of $55                                                                                       |   |   | — |   |       |   | — |     |   |   | —      |   |   |     | — |   |            |   | — |     |   |   | 132 |   |   |   | 132 |   |
| Total      comprehensive income                                                                                                                   |   |   |    |   |       |   |    |     |   |   |         |   |   |     |    |   |            |   |    |     |   |   |   |   |   |   | 11,169 |   |
| Sale      of 12,976,686 shares of common stock in the initial public offering and      issuance of 27,575,476 shares to the mutual holdingcompany |   |   | 130     |   |       |   | 127,500 |     |   |   | —      |   |   |     | — |   |            |   | — |     |   |   | — |   |   |   | 127,630 |   |
| Purchase      of common stock by the ESOP                                                                                                         |   |   | — |   |       |   | — |     |   |   | —      |   |   |     | (15,896 | )      |            |   | — |     |   |   | — |   |   |   | (15,896 | ) |
| Funded      status of postretirement plans upon adoption of SFAS No. 158, net of tax      benefit of $717                                         |   |   | — |   |       |   | — |     |   |   | —      |   |   |     | — |   |            |   | — |     |   |   | (1,076 | ) |   |   | (1,076 | ) |
| ESOP      shares allocated or committed to be released                                                                                            |   |   | — |   |       |   | 210     |     |   |   | —      |   |   |     | 397     |   |            |   | — |     |   |   | — |   |   |   | 607 |   |
| Balance      at June 30, 2007                                                                                                                     |   | $      | 130     |   |       | $      | 127,710 |     |   | $      | —      |   |   | $        | (15,499 | )      |            | $      | 161,300 |     |   | $ | (1,071 | ) |   | $ | 272,570 |   |
| Comprehensive      income:                                                                                                                        |   |   |    |   |       |   |    |     |   |   |         |   |   |     |    |   |            |   |    |     |   |   |   |   |   |   |   |   |
| Net      income                                                                                                                                   |   |   | — |   |       |   | — |     |   |   | —      |   |   |     | — |   |            |   | 8,960   |     |   |   | — |   |   |   | 8,960 |   |
| Unrealized      holding gain on securities available for sale arising during year, net of      tax $177                                           |   |   | — |   |       |   | — |     |   |   | —      |   |   |     | — |   |            |   | — |     |   |   | 256 |   |   |   | 256 |   |
| Reclassification      adjustment for losses included in net income, net of tax of      $264                                                       |   |   | — |   |       |   | — |     |   |   | —      |   |   |     | — |   |            |   | — |     |   |   | 382 |   |   |   | 382 |   |
| Change      in funded status of retirement  obligations, net of tax of      $61                                                         |   |   | — |   |       |   | — |     |   |   | —      |   |   |     | — |   |            |   | — |     |   |   | 92 |   |   |   | 92 |   |
| Total      comprehensive income                                                                                                                   |   |   |    |   |       |   |    |     |   |   |         |   |   |     |    |   |            |   |    |     |   |   |   |   |   |   | 9,690 |   |
| Cumulative      effect adjustment upon  adoption of FIN 48                                                                              |   |   | — |   |       |   | — |     |   |   | —      |   |   |     | — |   |            |   | 900     |     |   |   | — |   |   |   | 900 |   |
| Purchase      of treasury stock (365,100 shares)                                                                                                  |   |   | — |   |       |   | — |     |   |   | (5,926       | )      |   |     | — |   |            |   | — |     |   |   | — |   |   |   | (5,926 | ) |
| Compensation      cost for stock options and restricted stock                                                                                     |   |   | — |   |       |   | 610     |     |   |   | —      |   |   |     | — |   |            |   | — |     |   |   | — |   |   |   | 610 |   |
| ESOP      shares allocated or committed to be released                                                                                            |   |   | — |   |       |   | 336     |     |   |   | —      |   |   |     | 795     |   |            |   | — |     |   |   | — |   |   |   | 1,131 |   |
| Balance      at June 30, 2008                                                                                                                     |   | $      | 130     |   |       | $      | 128,656 |     |   | $      | (5,926       | )      |   | $        | (14,704 | )      |            | $      | 171,160 |     |   | $ | (341 | ) |   | $ | 278,975 |   |
| Comprehensive      income:                                                                                                                        |   |   |    |   |       |   |    |     |   |   |         |   |   |     |    |   |            |   |    |     |   |   |   |   |   |   |   |   |
| Net      income                                                                                                                                   |   |   | — |   |       |   | — |     |   |   | —      |   |   |     | — |   |            |   | 5,552   |     |   |   | — |   |   |   | 5,552 |   |
| Unrealized      holding gain on securities available for sale arising during year, net of      tax $200                                           |   |   | — |   |       |   | — |     |   |   | —      |   |   |     | — |   |            |   | — |     |   |   | 203 |   |   |   | 203 |   |
| Reclassification      adjustment for losses included in net income, net of tax of      $815                                                       |   |   | — |   |       |   | — |     |   |   | —      |   |   |     | — |   |            |   | — |     |   |   | 1,231 |   |   |   | 1,231 |   |
| Change      in funded status of retirement  obligations, net of tax of      $249                                                        |   |   | — |   |       |   | — |     |   |   | —      |   |   |     | — |   |            |   | — |     |   |   | (372 | ) |   |   | (372 | ) |
| Total      comprehensive income                                                                                                                   |   |   |    |   |       |   |    |     |   |   |         |   |   |     |    |   |            |   |    |     |   |   |   |   |   |   | 6,614 |   |
| Cash      dividends declared                                                                                                                      |   |   | — |   |       |   | — |     |   |   | —      |   |   |     | — |   |            |   | (437    | )        |   |   | — |   |   |   | (437 | ) |
| Cumulative      effect adjustment upon  adoption of EITF 06-4                                                                           |   |   | — |   |       |   | — |     |   |   | —      |   |   |     | — |   |            |   | (76     | )        |   |   | — |   |   |   | (76 | ) |
| Purchase      of treasury stock (3,212,337 shares)                                                                                                |   |   | — |   |       |   | — |     |   |   | (49,989      | )      |   |     | — |   |            |   | — |     |   |   | — |   |   |   | (49,989 | ) |
| Treasury      stock allocated to restricted stock plan (158,959 shares)                                                                           |   |   | — |   |       |   | (2,497  | )        |   |   | 2,497        |   |   |     | — |   |            |   | — |     |   |   | — |   |   |   | — |   |
| Compensation      cost for stock options and restricted stock                                                                                     |   |   | — |   |       |   | 3,804   |     |   |   | —      |   |   |     | — |   |            |   | — |     |   |   | — |   |   |   | 3,804 |   |
| ESOP      shares allocated or committed to be released                                                                                            |   |   | — |   |       |   | 412     |     |   |   | —      |   |   |     | 795     |   |            |   | — |     |   |   | — |   |   |   | 1,207 |   |
| Balance      at June 30, 2009                                                                                                                     |   | $      | 130     |   |       | $      | 130,375 |     |   | $      | (53,418      | )      |   | $        | (13,909 | )      |            | $      | 176,199 |     |   | $ | 721 |   |   | $ | 240,098 |   |

----

|                                                                                        |   | 2009                        |     |   | 2008   |   |     | 2007   |   |
|---------------------------------------------------------------------------------------------|--------|-----------------------------|----------|--------|--------|--------|----------|--------|--------|
|                                                                                        |   | (Dollars      in thousands) |     |
| Cash      flows from operating activities:                                                  |   |                        |     |   |   |   |     |   |   |
| Net      income                                                                             |   | $                           | 5,552    |   |   | $      | 8,960    |   |   | $ | 11,034 |   |
| Adjustments      to reconcile net income to net cash provided by operating      activities: |   |                        |     |   |   |   |     |   |   |   |   |   |
| Contribution      of stock to charitable foundation                                         |   |                        | —  |   |   |   | —  |   |   |   | 8,110 |   |
| ESOP      and stock-based compensation expense                                              |   |                        | 5,011    |   |   |   | 1,741    |   |   |   | 607 |   |
| Depreciation      of premises and equipment                                                 |   |                        | 701      |   |   |   | 540      |   |   |   | 718 |   |
| Amortization      and accretion (premiums and discounts), net                               |   |                        | 62       |   |   |   | 237      |   |   |   | 463 |   |
| Provision      for losses on loans                                                          |   |                        | 9,880    |   |   |   | 4,650    |   |   |   | 1,210 |   |
| Amortization      and accretion (deferred loan fees), net                                   |   |                        | (797     | )      |   |   | (779     | )      |   |   | (702 | ) |
| Deferred      taxes                                                                         |   |                        | (4,438   | )      |   |   | (1,482   | )      |   |   | (9,159 | ) |
| Loss      on sale of or writedown of securities                                             |   |                        | 2,045    |   |   |   | 998      |   |   |   | — |   |
| Gain      on sale of real estate held for investment                                        |   |                        | —  |   |   |   | (1,096   | )      |   |   | — |   |
| Gain      on sale of fixed assets                                                           |   |                        | —  |   |   |   | —  |   |   |   | (514 | ) |
| Increase      in cash surrender value of bank owned life insurance                          |   |                        | (1,127   | )      |   |   | (1,060   | )      |   |   | (984 | ) |
| Income      from real estate held for investment                                            |   |                        | (818     | )      |   |   | (660     | )      |   |   | (708 | ) |
| Income      from real estate joint ventures                                                 |   |                        | (1,124   | )      |   |   | (1,192   | )      |   |   | (1,084 | ) |
| Increase      in accrued interest receivable                                                |   |                        | (2,321   | )      |   |   | (673     | )      |   |   | (1,063 | ) |
| Increase      in other assets                                                               |   |                        | (1,125   | )      |   |   | (1,292   | )      |   |   | (331 | ) |
| Increase      in other liabilities                                                          |   |                        | 3,557    |   |   |   | 2,041    |   |   |   | 5,575 |   |
| Net      cash provided by operating activities                                              |   |                        | 15,058   |   |   |   | 10,933   |   |   |   | 13,172 |   |
| Cash      flows from investing activities:                                                  |   |                        |     |   |   |   |     |   |   |   |   |   |
| Net      increase in loans receivable                                                       |   |                        | (243,561 | )      |   |   | (241,106 | )      |   |   | (109,026 | ) |
| Purchase      of mortgage loans                                                             |   |                        | (37,068  | )      |   |   | (11,300  | )      |   |   | (6,960 | ) |
| Purchase      of securities held to maturity                                                |   |                        | —  |   |   |   | —  |   |   |   | (5,000 | ) |
| Purchase      of securities available for sale                                              |   |                        | (163,679 | )      |   |   | (17,718  | )      |   |   | (35,000 | ) |
| Purchase      of  mortgage-backed securities held to maturity                     |   |                        | —  |   |   |   | —  |   |   |   | (4,886 | ) |
| Purchase      of  mortgage-backed securities available forsale                    |   |                        | (11,257  | )      |   |   | (124,033 | )      |   |   | (27,023 | ) |
| Purchase      of Federal Home Loan Bank of New York  stock                        |   |                        | (4,002   | )      |   |   | (10,928  | )      |   |   | (1,252 | ) |
| Principal      payments on mortgage-backed securities held to maturity                      |   |                        | 44,928   |   |   |   | 53,083   |   |   |   | 61,735 |   |
| Principal      payments on mortgage-backed securities available for sale                    |   |                        | 34,562   |   |   |   | 14,710   |   |   |   | 5,692 |   |
| Proceeds      from calls and maturities of securities held to maturity                      |   |                        | —  |   |   |   | 5,415    |   |   |   | 13,000 |   |
| Proceeds      from calls and maturities of securities available for sale                    |   |                        | 38,895   |   |   |   | 30,000   |   |   |   | 10,000 |   |
| Proceeds      from sales of   securities available for    sale               |   |                        | 500      |   |   |   | —  |   |   |   | — |   |
| Purchase      of Bank Owned Life Insurance                                                  |   |                        | (1,833   | )      |   |   | —  |   |   |   | — |   |
| Additional      investment in real estate held for investment                               |   |                        | (1,352   | )      |   |   | (1,378   | )      |   |   | (238 | ) |
| Distributions      received from real estate held for investment                            |   |                        | 725      |   |   |   | 552      |   |   |   | 585 |   |
| Proceeds      from sale of real estate held for investment                                  |   |                        | —  |   |   |   | 1,159    |   |   |   | — |   |
| Additional      investment in real estate joint ventures                                    |   |                        | (1,090   | )      |   |   | —  |   |   |   | (30 | ) |
| Distributions      received from real estate joint ventures                                 |   |                        | 1,848    |   |   |   | 1,841    |   |   |   | 1,182 |   |
| Purchase      of fixed assets                                                               |   |                        | (1,500   | )      |   |   | (1,466   | )      |   |   | (409 | ) |
| Proceeds      from sale of fixed assets                                                     |   |                        | —  |   |   |   | —  |   |   |   | 1,973 |   |
| Net      cash (used in) provided by investing activities                                    |   |                        | (343,884 | )      |   |   | (301,169 | )      |   |   | (95,657 | ) |
| Cash      flows from financing activities:                                                  |   |                        |     |   |   |   |     |   |   |   |   |   |
| Net      increase in deposits                                                               |   |                        | 428,698  |   |   |   | 3,175    |   |   |   | 7,111 |   |
| Net      proceeds from sale of common stock                                                 |   |                        | —  |   |   |   | —  |   |   |   | 119,520 |   |
| Purchase      of common stock for ESOP                                                      |   |                        | —  |   |   |   | —  |   |   |   | (15,896 | ) |
| Increase      in advance payments by borrowers for taxes and insurance                      |   |                        | 1,277    |   |   |   | 1,340    |   |   |   | 577 |   |
| Proceeds      from borrowed funds                                                           |   |                        | 341,225  |   |   |   | 244,885  |   |   |   | 113,400 |   |
| Repayment      of borrowed funds                                                            |   |                        | (265,906 | )      |   |   | (7,874   | )      |   |   | (85,975 | ) |
| Purchase      of treasury stock                                                             |   |                        | (49,989  | )      |   |   | (5,926   | )      |   |   | — |   |
| Net      cash provided by (used in) financing activities                                    |   |                        | 455,305  |   |   |   | 235,600  |   |   |   | 138,737 |   |
| Net      (decrease) increase in cash and cash equivalents                                   |   |                        | 126,479  |   |   |   | (54,636  | )      |   |   | 56,252 |   |
| Cash      and cash equivalents at beginning of year                                         |   |                        | 8,890    |   |   |   | 63,526   |   |   |   | 7,274 |   |
| Cash      and cash equivalents at end of year                                               |   | $                           | 135,369  |   |   | $      | 8,890    |   |   | $ | 63,526 |   |
| Supplemental      cash flow information:                                                    |   |                        |     |   |   |   |     |   |   |   |   |   |
| Cash      paid during the year for:                                                         |   |                        |     |   |   |   |     |   |   |   |   |   |
| Interest                                                                                    |   | $                           | 44,262   |   |   | $      | 36,296   |   |   | $ | 32,589 |   |
| Income      taxes                                                                           |   |                        | 9,812    |   |   |   | 9,583    |   |   |   | 5,647 |   |
| Noncash      transfers                                                                      |   |                        |     |   |   |   |     |   |   |   |   |   |
| RE      Held for Investment transferred to Office, Property and      Equipment              |   |                        | 3,690    |   |   |   | —  |   |   |   | — |   |
| Non      cash borrowing activity                                                            |   |                        | —  |   |   |   | —  |   |   |   | (544 | ) |

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|                                        |   | 2009                |      |   | 2008   |   |
|---------------------------------------------|--------|---------------------|-----------|--------|--------|--------|
|                                        |   | (In      thousands) |      |
| First      mortgage loans:                  |   |                |      |   |   |   |
| Conventional      one to four family        |   |                | 265,962   |   |   |   | 223,087 |   |
| Multifamily      and commercial real estate |   |                | 839,727   |   |   |   | 597,171 |   |
| Total      first mortgage loans             |   |                | 1,105,689 |   |   |   | 820,258 |   |
| Second      mortgage and equity loans       |   |                | 54,769    |   |   |   | 59,886 |   |
| Construction      and land loans            |   |                | 130,831   |   |   |   | 138,195 |   |
| Other      loans                            |   |                | 10,993    |   |   |   | 4,880 |   |
|                                        |   |                | 1,302,282 |   |   |   | 1,023,219 |   |
| Less:                                       |   |                |      |   |   |   |   |   |
| Deferred      fees, net                     |   |                | 2,979     |   |   |   | 2,610 |   |
| Allowance      for loan losses              |   |                | 20,680    |   |   |   | 13,532 |   |
|                                        |   | $                   | 1,278,623 |   |   |   | 1,007,077 |   |

----

|                                  |   | 2009                |    |   | 2008   |   |    | 2007   |   |
|---------------------------------------|--------|---------------------|---------|--------|--------|--------|---------|--------|--------|
|                                  |   | (In      thousands) |    |
| Balance      at beginning of year     |   | $                   | 13,532  |   |   |   | 8,882   |   |   |   | 7,672 |   |
| Provisions      charged to operations |   |                | 9,880   |   |   |   | 4,650   |   |   |   | 1,210 |   |
| Recoveries                            |   |                | — |   |   |   | — |   |   |   | — |   |
| Loans      charged off                |   |                | 2,732   |   |   |   | — |   |   |   | — |   |
|                                  |   |                |    |   |   |   |    |   |   |   |   |   |
| Balance      at end of year           |   | $                   | 20,680  |   |   |   | 13,532  |   |   |   | 8,882 |   |

|                             |   |                |    |   | Gross      |   |   | Gross      |   |   | Estimated |   |
|----------------------------------|--------|---------------------|---------|--------|------------|--------|--------|------------|--------|--------|-----------|--------|
|                             |   | Amortized           |    |   | unrealized |   |   | unrealized |   |   | market    |   |
|                             |   | cost                |    |   | gains      |   |   | losses     |   |   | value     |   |
|                             |   | (In      thousands) |    |
| 2009:                            |   |                |    |   |       |   |   |       |   |   |      |   |
| Mortgage-backed      securities: |   |                |    |   |       |   |   |       |   |   |      |   |
| FHLMC                            |   | $                   | 18,783  |   |       |   | 287    |       |   |   | 7         |   |   |   | 19,063 |   |
| FNMA                             |   |                | 31,329  |   |       |   | 616    |       |   |   | 2         |   |   |   | 31,943 |   |
| GNMA                             |   |                | 5,161   |   |       |   | 16     |       |   |   | 20        |   |   |   | 5,157 |   |
| CMO                              |   |                | 63,544  |   |       |   | 913    |       |   |   | 239       |   |   |   | 64,218 |   |
|                             |   |                |    |   |       |   |   |       |   |   |      |   |   |   |   |   |
|                             |   | $                   | 118,817 |   |       |   | 1,832  |       |   |   | 268       |   |   |   | 120,381 |   |

----

|                             |   |                |    |   | Gross      |   |   | Gross      |   |   | Estimated |   |
|----------------------------------|--------|---------------------|---------|--------|------------|--------|--------|------------|--------|--------|-----------|--------|
|                             |   | Amortized           |    |   | unrealized |   |   | unrealized |   |   | market    |   |
|                             |   | cost                |    |   | gains      |   |   | losses     |   |   | value     |   |
|                             |   | (In      thousands) |    |
| 2008:                            |   |                |    |   |       |   |   |       |   |   |      |   |
| Mortgage-backed      securities: |   |                |    |   |       |   |   |       |   |   |      |   |
| FHLMC                            |   | $                   | 25,082  |   |       |   | 156    |       |   |   | 336       |   |   |   | 24,902 |   |
| FNMA                             |   |                | 42,066  |   |       |   | 223    |       |   |   | 196       |   |   |   | 42,093 |   |
| GNMA                             |   |                | 6,055   |   |       |   | 8      |       |   |   | 23        |   |   |   | 6,040 |   |
| CMO                              |   |                | 90,747  |   |       |   | 146    |       |   |   | 1,257     |   |   |   | 89,636 |   |
|                             |   |                |    |   |       |   |   |       |   |   |      |   |   |   |   |   |
|                             |   | $                   | 163,950 |   |       |   | 533    |       |   |   | 1,812     |   |   |   | 162,671 |   |

|                             | 2009                |                |
|----------------------------------|---------------------|---------------------|
|                             | Less than 12 months |                |   | Greater than 12 months |   |   | Total |   |
|                             |                | (In      thousands) |   |
|                             |                |                |   |   | Gross |   |   |   |   |   | Gross |   |   |   |   |   | Gross |   |
|                             | Estimated           |                |   | unrealized |   |   | Estimated |   |   | unrealized |   |   | Estimated |   |   | unrealized |   |
|                             | market value        |                |   | losses |   |   | market value |   |   | losses |   |   | market value |   |   | losses |   |
| Mortgage-backed      securities: |                |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| FHLMC                            |                | $                   | 805 |   |   |   | 2 |   |   |   | 1,012 |   |   |   | 5 |   |   |   | 1,817 |   |   |   | 7 |   |
| FNMA                             |                |                | 845 |   |   |   | 2 |   |   |   | — |   |   |   | — |   |   |   | 845 |   |   |   | 2 |   |
| GNMA                             |                |                | — |   |   |   | — |   |   |   | 2,009 |   |   |   | 20 |   |   |   | 2,009 |   |   |   | 20 |   |
| CMO                              |                |                | 8,214 |   |   |   | 43 |   |   |   | 2,284 |   |   |   | 196 |   |   |   | 10,498 |   |   |   | 239 |   |
|                             |                |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                             |                | $                   | 9,864 |   |   |   | 47 |   |   |   | 5,305 |   |   |   | 221 |   |   |   | 15,169 |   |   |   | 268 |   |

----

|                             | 2008                |                |
|----------------------------------|---------------------|---------------------|
|                             | Less than 12 months |                |   | Greater than 12 months |   |   | Total |   |
|                             |                | (In      thousands) |   |
|                             |                |                |   |   | Gross |   |   |   |   |   | Gross |   |   |   |   |   | Gross |   |
|                             | Estimated           |                |   | unrealized |   |   | Estimated |   |   | unrealized |   |   | Estimated |   |   | unrealized |   |
|                             | market value        |                |   | losses |   |   | market value |   |   | losses |   |   | market value |   |   | losses |   |
| Mortgage-backed      securities: |                |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| FHLMC                            |                | $                   | 11,191 |   |   |   | 226 |   |   |   | 3,035 |   |   |   | 110 |   |   |   | 14,226 |   |   |   | 336 |   |
| FNMA                             |                |                | 8,068 |   |   |   | 45 |   |   |   | 17,580 |   |   |   | 151 |   |   |   | 25,648 |   |   |   | 196 |   |
| GNMA                             |                |                | 495 |   |   |   | 1 |   |   |   | 2,286 |   |   |   | 22 |   |   |   | 2,781 |   |   |   | 23 |   |
| CMO                              |                |                | 23,628 |   |   |   | 70 |   |   |   | 50,742 |   |   |   | 1,187 |   |   |   | 74,370 |   |   |   | 1,257 |   |
|                             |                |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                             |                | $                   | 43,382 |   |   |   | 342 |   |   |   | 73,643 |   |   |   | 1,470 |   |   |   | 117,025 |   |   |   | 1,812 |   |

----

|                                                |   |                |    |   | Gross      |   |   | Gross      |   |   | Estimated |   |
|-----------------------------------------------------|--------|---------------------|---------|--------|------------|--------|--------|------------|--------|--------|-----------|--------|
|                                                |   | Amortized           |    |   | unrealized |   |   | unrealized |   |   | market    |   |
|                                                |   | cost                |    |   | gains      |   |   | losses     |   |   | value     |   |
|                                                |   | (In      thousands) |    |
| 2009:                                               |   |                |    |
| Securities      available for sale                  |   |                |    |   |       |   |   |       |   |   |      |   |
| U.S.      Government and federal agency obligations |   | $                   | 134,754 |   |       |   | 532    |       |   |   | 449       |   |   |   | 134,837 |   |
| Corporate      bonds                                |   |                | 2,000   |   |       |   | 156    |       |   |   | —   |   |   |   | 2,156 |   |
| Mutual      funds                                   |   |                | 5,636   |   |       |   | 40     |       |   |   | —   |   |   |   | 5,676 |   |
| Equity      securities                              |   |                | 1,965   |   |       |   | 15     |       |   |   | 230       |   |   |   | 1,750 |   |
|                                                |   |                |    |   |       |   |   |       |   |   |      |   |   |   |   |   |
|                                                |   | $                   | 144,355 |   |       |   | 743    |       |   |   | 679       |   |   |   | 144,419 |   |
| Mortgage-backed      securities:                    |   |                |    |   |       |   |   |       |   |   |      |   |   |   |   |   |
| FHLMC                                               |   | $                   | 26,979  |   |       |   | 945    |       |   |   | 49        |   |   |   | 27,875 |   |
| FNMA                                                |   |                | 27,023  |   |       |   | 889    |       |   |   | 1         |   |   |   | 27,911 |   |
| GNMA                                                |   |                | 2,537   |   |       |   | 21     |       |   |   | 1         |   |   |   | 2,557 |   |
| CMO                                                 |   |                | 68,571  |   |       |   | 1,689  |       |   |   | —   |   |   |   | 70,260 |   |
|                                                |   |                |    |   |       |   |   |       |   |   |      |   |   |   |   |   |
|                                                |   | $                   | 125,110 |   |       |   | 3,544  |       |   |   | 51        |   |   |   | 128,603 |   |

|                                                |   | Amortized           |    |   | unrealized |   |    | unrealized |   |   | market  |   |
|-----------------------------------------------------|--------|---------------------|---------|--------|------------|--------|---------|------------|--------|--------|---------|--------|
|                                                |   | cost                |    |   | gains      |   |    | losses     |   |   | value   |   |
|                                                |   | (In      thousands) |    |
| 2008:                                               |   |                |    |
| Securities      available for sale                  |   |                |    |   |       |   |    |       |   |   |    |   |
| U.S.      Government and federal agency obligations |   | $                   | 10,000  |   |       |   | — |       |   |   | 135     |   |   |   | 9,865 |   |
| Corporate      bonds                                |   |                | 2,000   |   |       |   | 184     |       |   |   | — |   |   |   | 2,184 |   |
| Mutual      funds                                   |   |                | 7,782   |   |       |   | — |       |   |   | — |   |   |   | 7,782 |   |
| Equity      securities                              |   |                | 2,364   |   |       |   | 292     |       |   |   | 202     |   |   |   | 2,454 |   |
|                                                |   |                |    |   |       |   |    |       |   |   |    |   |   |   |   |   |
|                                                |   | $                   | 22,146  |   |       |   | 476     |       |   |   | 337     |   |   |   | 22,285 |   |
| Mortgage-backed      securities:                    |   |                |    |   |       |   |    |       |   |   |    |   |   |   |   |   |
| FHLMC                                               |   | $                   | 28,672  |   |       |   | 263     |       |   |   | 98      |   |   |   | 28,837 |   |
| FNMA                                                |   |                | 31,084  |   |       |   | 113     |       |   |   | 302     |   |   |   | 30,895 |   |
| GNMA                                                |   |                | 3,134   |   |       |   | 13      |       |   |   | 4       |   |   |   | 3,143 |   |
| CMO                                                 |   |                | 85,351  |   |       |   | 1,160   |       |   |   | 177     |   |   |   | 86,334 |   |
|                                                |   |                |    |   |       |   |    |       |   |   |    |   |   |   |   |   |
|                                                |   | $                   | 148,241 |   |       |   | 1,549   |       |   |   | 581     |   |   |   | 149,209 |   |

----

|                                                                        |   |                |    |   | Estimated |   |
|-----------------------------------------------------------------------------|--------|---------------------|---------|--------|-----------|--------|
|                                                                        |   | Amortized           |    |   | market    |   |
|                                                                        |   | cost                |    |   | value     |   |
|                                                                        |   | (In      thousands) |    |
| Securities      available for sale                                          |   |                |    |   |      |   |
| Mutual      fund and equity securities                                      |   | $                   | 7,601   |   |      |   | 7,426 |   |
| U.S.      Government and federal agency obligations and corporate    bonds: |   |                |    |   |      |   |   |   |
| Due      in one year through five years                                     |   |                | 111,754 |   |      |   | 112,230 |   |
| Due      after five years through ten years                                 |   |                | 25,000  |   |      |   | 24,763 |   |
|                                                                        |   |                |    |   |      |   |   |   |
|                                                                        |   | $                   | 144,355 |   |      |   | 144,419 |   |
|                                                                        |   |                |    |   |      |   |   |   |
| Mortgage-backed      securities                                             |   | $                   | 125,110 |   |      |   | 128,603 |   |

|                                                |   | 2009                |    |
|-----------------------------------------------------|--------|---------------------|---------|
|                                                |   | Less than 12 months |    |   | Greater than 12 months |   |   | Total |   |
|                                                |   |                |    |   | Gross |   |   |   |   |   | Gross |   |   |   |   |   | Gross |   |
|                                                |   | Estimated           |    |   | unrealized |   |   | Estimated |   |   | unrealized |   |   | Estimated |   |   | unrealized |   |
|                                                |   | market value        |    |   | losses |   |   | market value |   |   | losses |   |   | market value |   |   | losses |   |
| Securities      available for sale:                 |   | (In      thousands) |    |
| U.S.      Government and federal agency obligations |   | $                   | 79,202  |   |   |   | 449 |   |   |   | — |   |   |   | — |   |   |   | 79,202 |   |   |   | 449 |   |
| Equity      securities                              |   |                | 654     |   |   |   | 230 |   |   |   | — |   |   |   | — |   |   |   | 654 |   |   |   | 230 |   |
|                                                |   | $                   | 79,856  |   |   |   | 679 |   |   |   | — |   |   |   | — |   |   |   | 79,856 |   |   |   | 679 |   |
|                                                |   |                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Mortgage-backed      securities:                    |   |                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| FHLMC                                               |   | $                   | 4,501   |   |   |   | 49 |   |   |   | — |   |   |   | — |   |   |   | 4,501 |   |   |   | 49 |   |
| FNMA                                                |   |                | 1,801   |   |   |   | 1 |   |   |   | — |   |   |   | — |   |   |   | 1,801 |   |   |   | 1 |   |
| GNMA                                                |   |                | 501     |   |   |   | 1 |   |   |   | — |   |   |   | — |   |   |   | 501 |   |   |   | 1 |   |
| CMO                                                 |   |                | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
|                                                |   | $                   | 6,803   |   |   |   | 51 |   |   |   | — |   |   |   | — |   |   |   | 6,803 |   |   |   | 51 |   |

----

|                                                |   | 2008                |   |
|-----------------------------------------------------|--------|---------------------|--------|
|                                                |   | Less than 12 months |   |   | Greater than 12 months |   |   | Total |   |
|                                                |   |                |   |   | Gross |   |   |   |   |   | Gross |   |   |   |   |   | Gross |   |
|                                                |   | Estimated           |   |   | unrealized |   |   | Estimated |   |   | unrealized |   |   | Estimated |   |   | unrealized |   |
|                                                |   | market value        |   |   | losses |   |   | market value |   |   | losses |   |   | market value |   |   | losses |   |
|                                                |   | (In      thousands) |   |
| Securities      available for sale:                 |   |                |   |
| U.S.      Government and federal agency obligations |   | $                   | 9,865  |   |   |   | 135 |   |   |   | — |   |   |   | — |   |   |   | 9,865 |   |   |   | 135 |   |
| Equity      securities                              |   |                | 1,022  |   |   |   | 202 |   |   |   | — |   |   |   | — |   |   |   | 1,022 |   |   |   | 202 |   |
|                                                |   | $                   | 10,887 |   |   |   | 337 |   |   |   | — |   |   |   | — |   |   |   | 10,887 |   |   |   | 337 |   |
|                                                |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Mortgage-backed      securities:                    |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| FHLMC                                               |   | $                   | 14,086 |   |   |   | 95 |   |   |   | 716 |   |   |   | 3 |   |   |   | 14,802 |   |   |   | 98 |   |
| FNMA                                                |   |                | 17,677 |   |   |   | 302 |   |   |   | — |   |   |   | — |   |   |   | 17,677 |   |   |   | 302 |   |
| GNMA                                                |   |                | 344    |   |   |   | 1 |   |   |   | 474 |   |   |   | 3 |   |   |   | 818 |   |   |   | 4 |   |
| CMO                                                 |   |                | 19,022 |   |   |   | 177 |   |   |   | — |   |   |   | — |   |   |   | 19,022 |   |   |   | 177 |   |
|                                                |   | $                   | 51,129 |   |   |   | 575 |   |   |   | 1,190 |   |   |   | 6 |   |   |   | 52,319 |   |   |   | 581 |   |

|                            |   | 2009                |   |   | 2008   |   |
|---------------------------------|--------|---------------------|--------|--------|--------|--------|
|                            |   | (In      thousands) |   |
| Mortgage      loans             |   | $                   | 5,796  |   |   |   | 4,269 |   |
| Mortgage-backed      securities |   |                | 934    |   |   |   | 1,214 |   |
| Securities                      |   |                | 1,237  |   |   |   | 163 |   |
|                            |   |                |   |   |   |   |   |   |
|                            |   | $                   | 7,967  |   |   |   | 5,646 |   |

----

|                                                |   | 2009                |   |   | 2008   |   |
|-----------------------------------------------------|--------|---------------------|--------|--------|--------|--------|
|                                                |   | (In      thousands) |   |
| Cost:                                               |   |                |   |   |   |   |   |   |
| Land                                                |   | $                   | 4,171  |   |   |   | 3,431 |   |
| Buildings                                           |   |                | 8,708  |   |   |   | 5,600 |   |
| Land      and building improvements                 |   |                | 3,147  |   |   |   | 2,859 |   |
| Leasehold      improvements                         |   |                | 718    |   |   |   | 633 |   |
| Furniture      and equipment                        |   |                | 5,222  |   |   |   | 4,651 |   |
| Construction      in progress                       |   |                | 612    |   |   |   | 213 |   |
|                                                |   |                |   |   |   |   |   |   |
|                                                |   |                | 22,578 |   |   |   | 17,387 |   |
|                                                |   |                |   |   |   |   |   |   |
| Less      accumulated depreciation and amortization |   |                | 8,801  |   |   |   | 8,100 |   |
|                                                |   |                |   |   |   |   |   |   |
|                                                |   | $                   | 13,777 |   |   |   | 9,287 |   |

----

|                               |   | 2009                        |      |   | 2008     |   |
|------------------------------------|--------|-----------------------------|-----------|--------|----------|--------|
|                               |   |                        |      |   | Weighted |   |   |   |   |   | Weighted |   |
|                               |   |                        |      |   | average  |   |   |   |   |   | average |   |
|                               |   | Amount                      |      |   | cost     |   |   | Amount |   |   | cost |   |
|                               |   | (Dollars      in thousands) |      |
| NOW      accounts                  |   | $                           | 88,759    |   |     |   | 0.90 | % |   | $ | 73,949 |   |   |   | 0.89 | % |
| Money      market deposit accounts |   |                        | 199,965   |   |     |   | 2.07 |   |   |   | 57,117 |   |   |   | 2.92 |   |
| Savings      accounts              |   |                        | 147,669   |   |     |   | 1.04 |   |   |   | 149,062 |   |   |   | 1.35 |   |
| Time      deposits                 |   |                        | 691,237   |   |     |   | 2.84 |   |   |   | 418,804 |   |   |   | 3.84 |   |
|                               |   |                        |      |   |     |   |   |   |   |   |   |   |   |   |   |   |
|                               |   | $                           | 1,127,630 |   |     |   | 2.32 | % |   | $ | 698,932 |   |   |   | 2.92 | % |

|                               |   | 2009                |    |   | 2008   |   |    | 2007   |   |
|------------------------------------|--------|---------------------|---------|--------|--------|--------|---------|--------|--------|
|                               |   | (In      thousands) |    |
| NOW      accounts                  |   | $                   | 628     |   |   |   | 812     |   |   |   | 868 |   |
| Money      market deposit accounts |   |                | 2,626   |   |   |   | 1,730   |   |   |   | 1,195 |   |
| Savings      accounts              |   |                | 1,979   |   |   |   | 2,427   |   |   |   | 2,575 |   |
| Time      deposits                 |   |                | 19,029  |   |   |   | 18,896  |   |   |   | 18,526 |   |
| Stock      subscriptions           |   |                | — |   |   |   | — |   |   |   | 518 |   |
|                               |   |                |    |   |   |   |    |   |   |   |   |   |
|                               |   | $                   | 24,262  |   |   |   | 23,865  |   |   |   | 23,682 |   |

| Year      ending June 30:                |   |   |    |
|------------------------------------------|--------|--------|---------|
|            2010 |   | $      | 601,316 |   |
|            2011 |   |   | 67,014  |   |
|            2012 |   |   | 16,295  |   |
|            2013 |   |   | 3,586   |   |
|            2014 |   |   | 3,026   |   |
|                                     |   | $      | 691,237 |   |

----

|                                    |   | 2009   |   |   | 2008                |   |   | 2007   |   |
|-----------------------------------------|--------|--------|--------|--------|---------------------|--------|--------|--------|--------|
|                                    |   |   |   |   | (In      thousands) |   |   |   |   |
| Current:                                |   |   |   |   |                |   |   |   |   |
| Federal                                 |   | $      | 7,749  |   |                |   | 7,210  |   |   |   | 6,833 |   |
| State                                   |   |   | 758    |   |                |   | 490    |   |   |   | 662 |   |
| Total      current                      |   |   | 8,507  |   |                |   | 7,700  |   |   |   | 7,495 |   |
| Deferred:                               |   |   |   |   |                |   |   |   |   |   |   |   |
| Federal                                 |   |   | (4,749 | )      |                |   | (2,724 | )      |   |   | (3,312 | ) |
| State                                   |   |   | 262    |   |                |   | 1,242  |   |   |   | (5,847 | ) |
| Total      deferred                     |   |   | (4,487 | )      |                |   | (1,482 | )      |   |   | (9,159 | ) |
| Total      income tax expense (benefit) |   | $      | 4,020  |   |                |   | 6,218  |   |   |   | (1,664 | ) |

| Applicable      statutory federal income tax rate               |   |   | 35      | %      |   |   | 35      | %      |   |   | 35      | %      |
|-----------------------------------------------------------------|--------|--------|---------|--------|--------|--------|---------|--------|--------|--------|---------|--------|
|                                                            |   |   |    |   |   |   |    |   |   |   |    |   |
| Computed      “expected” federal income tax expense |   |   | 3,350   |   |   |   | 5,312   |   |   |   | 3,280   |   |
| Increase      in federal income tax expense resulting from:     |   |   |    |   |   |   |    |   |   |   |    |   |
| State      income taxes, net of federal benefit                 |   |   | 663     |   |   |   | 1,128   |   |   |   | (3,370  | )      |
| Bank      owned life insurance                                  |   |   | (395    | )      |   |   | (371    | )      |   |   | (344    | )      |
| Contribution      to charitable foundation                      |   |   | — |   |   |   | — |   |   |   | (1,533  | )      |
| ESOP      fair market value adjustment                          |   |   | 144     |   |   |   | 118     |   |   |   | 74      |   |
| Non-deductible      stock based compensation                    |   |   | 209     |   |   |   | 26      |   |   |   | — |   |
| Other      items, net                                           |   |   | 49      |   |   |   | 5       |   |   |   | 229     |   |
|                                                            |   | $      | 4,020   |   |   |   | 6,218   |   |   |   | (1,664  | )      |

----

|                                                            |   | 2009                |    |   | 2008   |   |
|-----------------------------------------------------------------|--------|---------------------|---------|--------|--------|--------|
|                                                            |   | (In      thousands) |    |
| Deferred      tax assets:                                       |   |                |    |
| Allowance      for loan and real estate owned losses per books  |   | $                   | 8,448   |   |   |   | 5,528 |   |
| Reserve      for uncollected interest                           |   |                | 1,456   |   |   |   | 213 |   |
| Premises      and equipment – differences in depreciation |   |                | 265     |   |   |   | 291 |   |
| Pension                                                         |   |                | 4,754   |   |   |   | 3,859 |   |
| Accrued/deferred      compensation                              |   |                | 2,088   |   |   |   | 1,701 |   |
| ESOP      shares allocated or committed to be released          |   |                | 812     |   |   |   | 487 |   |
| Stock      compensation                                         |   |                | 601     |   |   |   | 219 |   |
| Capital      loss carry forward                                 |   |                | — |   |   |   | 37 |   |
| Other      than temporary loss on securities                    |   |                | 1,317   |   |   |   | 408 |   |
| Charitable      contribution carry forward                      |   |                | 3,286   |   |   |   | 4,154 |   |
| Net      operating loss carry forward                           |   |                | — |   |   |   | 1,024 |   |
| Prepaid      AMA                                                |   |                | 146     |   |   |   | 146 |   |
| Other                                                           |   |                | 250     |   |   |   | 265 |   |
| Total      gross deferred tax assets                            |   |                | 23,423  |   |   |   | 18,332 |   |
| Less      valuation reserve                                     |   |                | 655     |   |   |   | 611 |   |
| Total      deferred tax asset                                   |   |                | 22,768  |   |   |   | 17,721 |   |
| Deferred      tax liabilities:                                  |   |                |    |   |   |   |   |   |
| Unrealized      gain on securities available for sale           |   |                | 1,465   |   |   |   | 450 |   |
| Deferred      loan fees                                         |   |                | 280     |   |   |   | 132 |   |
| Other                                                           |   |                | 333     |   |   |   | 170 |   |
| Total      deferred tax liabilities                             |   |                | 2,078   |   |   |   | 752 |   |
| Net      deferred tax asset                                     |   | $                   | 20,690  |   |   |   | 16,969 |   |

----

|            |   | June      30,               |    |
|-----------------|--------|-----------------------------|---------|
|            |   | 2009                        |    |   | 2008 |   |
|            |   | Amount                      |    |   | Weighted      Average Rate |   |   | Amount |   |   | Weighted      Average Rate |   |
|            |   | (Dollars      in thousands) |    |
| FHLB      of NY |   | $                           | 508,619 |   |   |   | 3.96 | % |   | $ | 433,289 |   |   |   | 4.00 | % |
| Other           |   |                        | 372     |   |   |   | 0.25 | % |   |   | 383 |   |   |   | 2.00 | % |
|            |   | $                           | 508,991 |   |   |   | 3.96 | % |   | $ | 433,672 |   |   |   | 4.00 | % |

----

| Year      ending June 30: |   |   |    |
|---------------------------|--------|--------|---------|
| 2010                      |   | $      | 10,372  |   |
| 2011                      |   |   | 5,434   |   |
| 2012                      |   |   | 52,500  |   |
| 2013                      |   |   | 40,000  |   |
| 2014                      |   |   | 70,685  |   |
| 2015                      |   |   | 75,000  |   |
| 2016                      |   |   | 30,000  |   |
| 2017                      |   |   | 70,000  |   |
| 2018                      |   |   | 120,000 |   |
| 2019                      |   |   | 35,000  |   |
|                      |   | $      | 508,991 |   |

----

----

|                                                       |   | BEP      Plan and Retirement Plan |   |   | Medical      Plan |   |
|------------------------------------------------------------|--------|-----------------------------------|--------|--------|-------------------|--------|
|                                                       |   | 2009                              |   |   | 2008              |   |   | 2009 |   |   | 2008 |   |
| Change      in benefit obligation:                         |   |                              |   |   |              |   |   |   |   |   |   |   |
| Projected      benefit obligation at beginning of the year |   | $                                 | 3,748  |   |              | $      | 3,421 |   |   | $ | 2,600 |   |   | $ | 2,694 |   |
| Service      cost                                          |   |                              | 231    |   |              |   | 256 |   |   |   | 64 |   |   |   | 58 |   |
| Interest      cost                                         |   |                              | 284    |   |              |   | 221 |   |   |   | 199 |   |   |   | 163 |   |
| Amendments                                                 |   |                              | -      |   |              |   | - |   |   |   | - |   |   |   | - |   |
| Actuarial      (gain) loss                                 |   |                              | 850    |   |              |   | 135 |   |   |   | 371 |   |   |   | (61 | ) |
| Curtailment      - BEP plan                                |   |                              | (454   | )      |              |   | - |   |   |   | - |   |   |   | - |   |
| Benefits      paid                                         |   |                              | (52    | )      |              |   | (52 | ) |   |   | (58 | ) |   |   | (52 | ) |
| Discount      rate change                                  |   |                              | 162    |   |              |   | (233 | ) |   |   | 256 |   |   |   | (202 | ) |
| Projected      benefit obligation at end of the year       |   | $                                 | 4,769  |   |              | $      | 3,748 |   |   | $ | 3,432 |   |   | $ | 2,600 |   |
|                                                       |   |                              |   |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Reconciliation      of plan assets                         |   |                              |   |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Fair      value of plan assets at beginning of the year    |   | $                                 | -      |   |              | $      | - |   |   | $ | - |   |   | $ | - |   |
| Actual      return on plan assets                          |   |                              | -      |   |              |   | - |   |   |   | - |   |   |   | - |   |
| Employer      contributions                                |   |                              | 52     |   |              |   | 52 |   |   |   | 58 |   |   |   | 52 |   |
| Benefits      paid                                         |   |                              | (52    | )      |              |   | (52 | ) |   |   | (58 | ) |   |   | (52 | ) |
| Fair      value of plan assets at end of the year          |   | $                                 | -      |   |              | $      | - |   |   | $ | - |   |   | $ | - |   |
| Funded      status at end of year                          |   | $                                 | (4,769 | )      |              | $      | (3,748 | ) |   | $ | (3,432 | ) |   | $ | (2,600 | ) |

----

|                                                                  |   | Retirement Plan |   |   | Medical Plan |   |
|-----------------------------------------------------------------------|--------|-----------------|--------|--------|--------------|--------|
|                                                                  |   | 2009            |   |   | 2008         |   |   | 2009 |   |   | 2008 |   |
|                                                                  |   |            |   |   |         |   |   |   |   |   |   |   |
| Prior      service cost                                               |   | $               | 358    |   |         | $      | 418 |   |   | $ | - |   |   | $ | - |   |
| Net      actuarial loss                                               |   |            | 916    |   |         |   | 429 |   |   |   | 1,008 |   |   |   | 448 |   |
| Total      amounts recognized in accumulated other comprehensive loss |   | $               | 1,274  |   |         | $      | 847 |   |   | $ | 1,008 |   |   | $ | 448 |   |

|                                                                                 |   | BEP      Plan and Retirement Plan |   |   | Medical      Plan |   |
|--------------------------------------------------------------------------------------|--------|-----------------------------------|--------|--------|-------------------|--------|
|                                                                                 |   | 2009                              |   |   | 2008              |   |   | 2007 |   |   | 2009 |   |   | 2008 |   |   | 2007 |   |
| Service      cost                                                                    |   | $                                 | 231    |   |              | $      | 256 |   |   | $ | 234 |   |   | $ | 64 |   |   | $ | 58 |   |   | $ | 54 |   |
| Interest      cost                                                                   |   |                              | 284    |   |              |   | 221 |   |   |   | 195 |   |   |   | 199 |   |   |   | 163 |   |   |   | 157 |   |
| Amortization      of unrecognized:                                                   |   |                              |   |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Prior      service cost                                                              |   |                              | 60     |   |              |   | 60 |   |   |   | 61 |   |   |   | - |   |   |   | 4 |   |   |   | 64 |   |
| Net      loss                                                                        |   |                              | 70     |   |              |   | 44 |   |   |   | 44 |   |   |   | 67 |   |   |   | 51 |   |   |   | 62 |   |
| Total                                                                                |   | $                                 | 645    |   |              | $      | 581 |   |   | $ | 534 |   |   | $ | 330 |   |   | $ | 276 |   |   | $ | 337 |   |
|                                                                                 |   |                              |   |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Amounts      expected to be amortized into net periodic benefit cost next      year: |   |                              |   |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Prior      service cost                                                              |   | $                                 | 60     |   |              |   |   |   |   |   |   |   |   | $ | - |   |   |   |   |   |   |   |   |   |
| Net      loss                                                                        |   |                              | 73     |   |              |   |   |   |   |   |   |   |   |   | 99 |   |   |   |   |   |   |   |   |   |
|                                                                                 |   | $                                 | 133    |   |              |   |   |   |   |   |   |   |   | $ | 99 |   |   |   |   |   |   |   |   |   |

|                                        |   | BEP      Plan and Retirement Plan |   |   | Medical      Plan |   |
|---------------------------------------------|--------|-----------------------------------|--------|--------|-------------------|--------|
|                                        |   | 2009                              |   |   | 2008              |   |   | 2007 |   |   | 2009 |   |   | 2008 |   |   | 2007 |   |
| Discount      Rate                          |   |                              | 6.25   | %      |              |   | 6.75 | % |   |   | 6.25 | % |   |   | 6.25 | % |   |   | 6.75 | % |   |   | 6.25 | % |
| Rate      of compensation increase          |   |                              | 5.50   | %      |              |   | 5.50 | % |   |   | 5.50 | % |   |   | - |   |   |   | - |   |   |   | - |   |
| Medical      benefits cost rate of increase |   |                              | -      |   |              |   | - |   |   |   | - |   |   |   | 9.00 | % |   |   | 7.00 | % |   |   | 8.00 | % |

----

|      |   | BEP      Plan and |   |   |    |   |
|-----------|--------|-------------------|--------|--------|---------|--------|
|      |   | Retirement        |   |   | Medical |   |
|      |   | Plan              |   |   | Plan    |   |
| 2010      |   | $                 | 62     |   |    | $      | 81 |   |
| 2011      |   |              | 85     |   |    |   | 104 |   |
| 2012      |   |              | 180    |   |    |   | 123 |   |
| 2013      |   |              | 222    |   |    |   | 151 |   |
| 2014      |   |              | 222    |   |    |   | 158 |   |
| 2015-2018 |   |              | 1,636  |   |    |   | 1,071 |   |

|                                                |   | 1%      increase |   |   | 1%      decrease |   |
|-----------------------------------------------------|--------|------------------|--------|--------|------------------|--------|
| Effect      on total service cost and interest cost |   | $                | 54     |   |             | $      | (42 | ) |
| Effect      on post retirement benefits obligation  |   | $                | 644    |   |             | $      | (507 | ) |

----

|                              |   | Number      ofStockOptions |      |   | WeightedAverageGrant Date      Fair Value |   |   | WeightedAverageExercisePrice |   |   | WeightedAverageRemainingContractualLife |   |
|-----------------------------------|--------|----------------------------|-----------|--------|-----------------------------------------------------|--------|--------|------------------------------|--------|--------|-----------------------------------------|--------|
| Outstanding      at June 30, 2008 |   |                       | 1,788,349 |   |                                                | $      | 3.44   |                         |   | $      | 15.65                                   |   |   |   | 10.0 |   |
| Granted                           |   |                       | 70,000    |   |                                                |   | 3.44   |                         |   |   | 15.65                                   |   |   |   | 10.0 |   |
| Exercised                         |   |                       | -         |   |                                                |   | -      |                         |   |   | -                                       |   |   |   | - |   |
| Forfeited                         |   |                       | 10,000    |   |                                                |   | 3.44   |                         |   |   | 15.65                                   |   |   |   | 9.1 |   |
| Outstanding      at June 30, 2009 |   |                       | 1,848,349 |   |                                                | $      | 3.44   |                         |   | $      | 15.65                                   |   |   |   | 9.0 |   |
| Exercisable      at June 30, 2009 |   |                       | 355,670   |   |                                                |   |   |                         |   | $      | 15.65                                   |   |   |   |   |   |

----

|                         |   | 2009           |   |
|------------------------------|--------|----------------|--------|
| Expected      dividend yield |   |           | 3.55   | % |
| Expected      volatility     |   |           | 28.22  | % |
| Risk-free      interest rate |   |           | 3.37   | % |
| Expected      option life    |   | 6.5      years |   |

|                             |   | Number of      SharesAwarded |    |   | WeightedAverageGrant Date      Fair Value |   |   | WeightedAverageVesting |   |
|----------------------------------|--------|-----------------------------------|---------|--------|-----------------------------------------------------|--------|--------|------------------------|--------|
| Non-vested      at June 30, 2008 |   |                              | 794,823 |   |                                                | $      | 15.65  |                   |   |   | 4.9 |   |
| Granted                          |   |                              | -       |   |                                                |   | -      |                   |   |   |   |   |
| Vested                           |   |                              | 158,964 |   |                                                |   | 15.65  |                   |   |   | 3.9 |   |
| Forfeited                        |   |                              | -       |   |                                                |   | -      |                   |   |   |    |   |
| Non-vested      at June 30, 2009 |   |                              | 635,859 |   |                                                | $      | 15.65  |                   |   |   | 3.9 |   |

----

| Year      ending June 30: |   |   |   |
|---------------------------|--------|--------|--------|
| 2009                      |   | $      | 289    |   |
| 2010                      |   |   | 289    |   |
| 2011                      |   |   | 281    |   |
| 2012                      |   |   | 241    |   |
| 2013                      |   |   | 177    |   |
| Thereafter                |   |   | 448    |   |
|                      |   | $      | 1,725  |   |

----

|                                          |   |                        |    |   |     |   | FDIC      – for |                   | FDIC      – to be well capitalized |   |
|-----------------------------------------------|--------|-----------------------------|---------|--------|----------|--------|-----------------------|------------------------|------------------------------------------|--------|
|                                          |   |                        |    |   |     |   |                  | capital      adequacy  |                                     |   | under      prompt |   |
|                                          |   | Actual                      |    |   | purposes |   |                  | corrective      action |                                     |
|                                          |   | Amount                      |    |   | Rate     |   |                  | Amount                 |                                     |   | Rate |   |   | Amount |   |   | Rate |   |
|                                          |   | (Dollars      in thousands) |    |
| Company:                                      |   |                   |    |
| As      of June 30, 2009:                     |   |                        |    |   |     |   |                  |                   |                                     |   |   |   |   |   |   |   |   |   |
| Total      capital (to risk-weighted assets)  |   | $                           | 255,997 |   |     |   | 19.15                 | %                      |                                     | $      | 106,945 |   |   |   | 8.00 | % |   | $ | 133,681 |   |   |   | 10.00 | % |
| Tier      1 capital (to risk-weighted assets) |   |                        | 239,238 |   |     |   | 17.90                 |                   |                                     |   | 53,472 |   |   |   | 4.00 |   |   |   | 80,208 |   |   |   | 6.00 |   |
| Tier      1 capital (to average assets)       |   |                        | 239,238 |   |     |   | 14.31                 |                   |                                     |   | 66,862 |   |   |   | 4.00 |   |   |   | 83,578 |   |   |   | 5.00 |   |
|                                          |   |                        |    |   |     |   |                  |                   |                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| As      of June 30, 2008:                     |   |                        |    |   |     |   |                  |                   |                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      capital (to risk-weighted assets)  |   | $                           | 292,483 |   |     |   | 27.78                 | %                      |                                     | $      | 84,239 |   |   |   | 8.00 | % |   | $ | 105,299 |   |   |   | 10.00 | % |
| Tier      1 capital (to risk-weighted assets) |   |                        | 279,316 |   |     |   | 26.53                 |                   |                                     |   | 42,120 |   |   |   | 4.00 |   |   |   | 63,179 |   |   |   | 6.00 |   |
| Tier      1 capital (to average assets)       |   |                        | 279,316 |   |     |   | 19.71                 |                   |                                     |   | 56,680 |   |   |   | 4.00 |   |   |   | 70,851 |   |   |   | 5.00 |   |

|                                          |   |                        |    |   |     |   | FDIC      – for |                   | FDIC      – to be well capitalized |   |
|-----------------------------------------------|--------|-----------------------------|---------|--------|----------|--------|-----------------------|------------------------|------------------------------------------|--------|
|                                          |   |                        |    |   |     |   |                  | capital      adequacy  |                                     |   | under      prompt |   |
|                                          |   | Actual                      |    |   | purposes |   |                  | corrective      action |                                     |
|                                          |   | Amount                      |    |   | Rate     |   |                  | Amount                 |                                     |   | Rate |   |   | Amount |   |   | Rate |   |
|                                     |   | (Dollars      in thousands) |    |
| Bank:                                         |   |                        |    |   |     |   |                  |                   |                                     |   |   |   |   |   |   |   |   |   |
| As      of June 30, 2009:                     |   |                        |    |   |     |   |                  |                   |                                     |   |   |   |   |   |   |   |   |   |
| Total      capital (to risk-weighted assets)  |   | $                           | 209,882 |   |     |   | 15.83                 | %                      |                                     | $      | 106,101 |   |   |   | 8.00 | % |   | $ | 132,626 |   |   |   | 10.00 | % |
| Tier      1 capital (to risk-weighted assets) |   |                        | 193,248 |   |     |   | 14.57                 |                   |                                     |   | 53,050 |   |   |   | 4.00 |   |   |   | 79,575 |   |   |   | 6.00 |   |
| Tier      1 capital (to average assets)       |   |                        | 193,248 |   |     |   | 10.59                 |                   |                                     |   | 72,963 |   |   |   | 4.00 |   |   |   | 91,204 |   |   |   | 5.00 |   |
| As      of June 30, 2008:                     |   |                        |    |   |     |   |                  |                   |                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      capital (to risk-weighted assets)  |   | $                           | 202,862 |   |     |   | 19.76                 | %                      |                                     | $      | 82,121 |   |   |   | 8.00 | % |   | $ | 102,651 |   |   |   | 10.00 | % |
| Tier      1 capital (to risk-weighted assets) |   |                        | 190,022 |   |     |   | 18.51                 |                   |                                     |   | 41,060 |   |   |   | 4.00 |   |   |   | 61,591 |   |   |   | 6.00 |   |
| Tier      1 capital (to average assets)       |   |                        | 190,022 |   |     |   | 13.67                 |                   |                                     |   | 55,609 |   |   |   | 4.00 |   |   |   | 69,512 |   |   |   | 5.00 |   |

----

----

| Assets:                                            |   | Fair Value asof June 30,2009 |    |   | Quoted Pricesin ActiveMarkets forIdenticalAssets(Level 1) |   |   | SignificantOtherObservableInputs(Level 2) |   |   | UnobservableInputs (Level 3) |   |
|----------------------------------------------------|--------|------------------------------|---------|--------|----------------------------------------------------------------|--------|--------|-------------------------------------------|--------|--------|-----------------------------------|--------|
| Securities      available for sale                 |   | $                            | 144,419 |   |                                                           |   | 27,102 |                                      |   | $      | 117,318                           |   |   | $ | - |   |
| Mortgage-backed      securities available for sale |   |                         | 128,604 |   |                                                           |   | 1,141  |                                      |   |   | 127,463                           |   |   |   | - |   |
|                                               |   | $                            | 273,023 |   |                                                           | $      | 28,243 |                                      |   | $      | 244,781                           |   |   | $ | - |   |

----

----

|                                               |   | 2009     |      |   | 2008   |   |
|----------------------------------------------------|--------|----------|-----------|--------|--------|--------|
|                                               |   | Carrying |      |   | Fair   |   |   | Carrying |   |   | Fair |   |
|                                               |   | value    |      |   | value  |   |   | value |   |   | value |   |
|                                               |   |     |      |   |   |   |   |   |   |   |   |   |
| Financial      assets:                             |   |     |      |   |   |   |   |   |   |   |   |   |
| Cash      and cash equivalents                     |   | $        | 135,369   |   |   |   | 135,369 |   |   |   | 8,890 |   |   |   | 8,890 |   |
| Securities      available for sale                 |   |     | 144,419   |   |   |   | 144,419 |   |   |   | 22,285 |   |   |   | 22,285 |   |
| Mortgage-backed      securities held to maturity   |   |     | 118,817   |   |   |   | 120,381 |   |   |   | 163,950 |   |   |   | 162,671 |   |
| Mortgage-backed      securities available for sale |   |     | 128,603   |   |   |   | 128,603 |   |   |   | 149,209 |   |   |   | 149,209 |   |
| Federal      Home Loan Bank of New York stock      |   |     | 25,549    |   |   |   | 25,549 |   |   |   | 21,547 |   |   |   | 21,547 |   |
| Loans                                              |   |     | 1,278,623 |   |   |   | 1,292,394 |   |   |   | 1,007,077 |   |   |   | 999,366 |   |
| Financial      liabilities – deposits        |   |     | 1,127,630 |   |   |   | 1,106,212 |   |   |   | 698,932 |   |   |   | 700,582 |   |
| Financial      liabilities – borrowings      |   |     | 508,991   |   |   |   | 547,202 |   |   |   | 433,672 |   |   |   | 445,162 |   |

----

|                                                |   | June 30,            |    |
|-----------------------------------------------------|--------|---------------------|---------|
|                                                |   | 2009                |    |   | 2008 |   |
|                                           |   | (In      thousands) |    |
| Assets:                                             |   |                |    |   |   |   |   |   |
| Cash      in Bank                                   |   | $                   | 2,442   |   |   |   | 47,913 |   |
| Mortgage      Loans, net                            |   |                | 24,298  |   |   |   | 18,659 |   |
| ESOP      loan                                      |   |                | 15,082  |   |   |   | 15,483 |   |
| Securities      available for sale, at market value |   |                | 1,750   |   |   |   | 2,453 |   |
| Accrued      Interest Receivable                    |   |                | 361     |   |   |   | 623 |   |
| Investment      in Subsidiaries                     |   |                | 196,427 |   |   |   | 193,777 |   |
| Due      from Oritani Financial Corp., MHC          |   |                | 100     |   |   |   | 100 |   |
| Other      assets                                   |   |                | 132     |   |   |   | 19 |   |
| Total      Assets                                   |   | $                   | 240,592 |   |   |   | 279,027 |   |
|                                                |   |                |    |   |   |   |   |   |
| Liabilities      and Equity                         |   |                |    |   |   |   |   |   |
| Total      Liabilities                              |   | $                   | 494     |   |   |   | 52 |   |
| Total      Equity                                   |   |                | 240,098 |   |   |   | 278,975 |   |
| Total      Liabilities and Equity                   |   | $                   | 240,592 |   |   |   | 279,027 |   |

|                                                |   | Year Ended June 30, |   |
|-----------------------------------------------------|--------|---------------------|--------|
|                                                |   | 2009                |   |   | 2008 |   |   | 2007 |   |
|                                                |   | (In      thousands) |   |
| Interest      on mortgage loans                     |   | $                   | 1,372  |   |   |   | 1,160 |   |   |   | 1,159 |   |
| Interest      on ESOP loan                          |   |                | 809    |   |   |   | 1,138 |   |   |   | 650 |   |
| Interest      income on fed funds                   |   |                | 256    |   |   |   | 2,012 |   |   |   | 1,378 |   |
| Net      loss on write down of securities           |   |                | (398   | ) |   |   | (352 | ) |   |   | - |   |
| Other      income                                   |   |                | 81     |   |   |   | 101 |   |   |   | - |   |
| Equity      in undistributed earnings of subsidiary |   |                | 4,758  |   |   |   | 6,953 |   |   |   | 13,664 |   |
| Total      income                                   |   |                | 6,878  |   |   |   | 11,012 |   |   |   | 16,851 |   |
|                                                |   |                |   |   |   |   |   |   |   |   |   |   |
| Contribution      to charitable foundation          |   |                | -      |   |   |   | - |   |   |   | 8,110 |   |
| Other      expenses                                 |   |                | 466    |   |   |   | 391 |   |   |   | 219 |   |
| Income      tax (benefit) expense                   |   |                | 860    |   |   |   | 1,661 |   |   |   | (2,512 | ) |
| Total      expenses                                 |   |                | 1,326  |   |   |   | 2,052 |   |   |   | 5,817 |   |
| Net      income                                     |   | $                   | 5,552  |   |   |   | 8,960 |   |   |   | 11,034 |   |

----

|                                                                                        |   | Year Ended June 30, |    |
|---------------------------------------------------------------------------------------------|--------|---------------------|---------|
|                                                                                        |   | 2009                |    |   | 2008 |   |   | 2007 |   |
|                                                                                        |   | (In      thousands) |    |
| Cash      flows from operating activities:                                                  |   |                |    |   |   |   |   |   |   |
| Net      income                                                                             |   | $                   | 5,552   |   |   |   | 8,960 |   |   |   | 11,034 |   |
| Adjustments      to reconcile net income to net cash provided by operating      activities: |   |                |    |   |   |   |   |   |   |   |   |   |
| Contribution      of stock to charitable foundation                                         |   |                | -       |   |   |   | - |   |   |   | 8,110 |   |
| Impairment      charge on securities                                                        |   |                | 398     |   |   |   | 352 |   |   |   | - |   |
| Dividends/distributions      from subsidiaries                                              |   |                | 10,241  |   |   |   | 372 |   |   |   | 281 |   |
| Equity      in undistributed earnings of subsidiary                                         |   |                | (4,758  | ) |   |   | (6,953 | ) |   |   | (13,664 | ) |
| Decrease      (increase) in accrued interest receivable                                     |   |                | 262     |   |   |   | 152 |   |   |   | (706 | ) |
| Increase      in other assets                                                               |   |                | (113    | ) |   |   | (19 | ) |   |   | - |   |
| Increase      in other liabilities                                                          |   |                | 436     |   |   |   | 16 |   |   |   | - |   |
| Net      cash provided by operating activities                                              |   |                | 12,018  |   |   |   | 2,880 |   |   |   | 5,055 |   |
|                                                                                        |   |                |    |   |   |   |   |   |   |   |   |   |
| Cash      flows from investing activities                                                   |   |                |    |   |   |   |   |   |   |   |   |   |
| Additional      investments in subsidiaries                                                 |   |                | (4,759  | ) |   |   | (1,410 | ) |   |   | (59,958 | ) |
| Purchase      of securities available for sale                                              |   |                | -       |   |   |   | (2,715 | ) |   |   | - |   |
| Loan      to ESOP                                                                           |   |                | -       |   |   |   | - |   |   |   | (15,896 | ) |
| Principal      collected on ESOP loan                                                       |   |                | 401     |   |   |   | 413 |   |   |   |  - |   |
| (Increase)      decrease in mortgage loans, net                                             |   |                | (5,639  | ) |   |   | 320 |   |   |   | 287 |   |
| Net      cash used in provided by investing activities                                      |   |                | (9,997  | ) |   |   | (3,392 | ) |   |   | (75,567 | ) |
|                                                                                        |   |                |    |   |   |   |   |   |   |   |   |   |
| Cash      flows from financing activities                                                   |   |                |    |   |   |   |   |   |   |   |   |   |
| Purchase      of treasury stock                                                             |   |                | (49,989 | ) |   |   | (5,926 | ) |   |   | - |   |
| Treasury      stock issued                                                                  |   |                | 2,497   |   |   |   | - |   |   |   | - |   |
| Proceeds      from stock offering, net                                                      |   |                | -       |   |   |   | - |   |   |   | 119,520 |   |
| Cash      provided by financing activities                                                  |   |                | (47,492 | ) |   |   | (5,926 | ) |   |   | 119,520 |   |
|                                                                                        |   |                |    |   |   |   |   |   |   |   |   |   |
| Net      change in cash in bank                                                             |   |                | (45,471 | ) |   |   | (6,438 | ) |   |   | 49,008 |   |
|                                                                                        |   |                |    |   |   |   |   |   |   |   |   |   |
| Cash      in bank at beginning of period                                                    |   |                | 47,913  |   |   |   | 54,351 |   |   |   | 5,343 |   |
| Cash      in bank at end of period                                                          |   | $                   | 2,442   |   |   |   | 47,913 |   |   |   | 54,351 |   |

----

|                                                     |   | Fiscal 2009 Quarter Ended   |   |
|----------------------------------------------------------|--------|-----------------------------|--------|
|                                                     |   | September 30                |   |   | December 31 |   |   | March 31 |   |   | June 30 |   |
|                                                     |   | (Dollars      in thousands) |   |
| Selected      Operating Data:                            |   |                        |   |   |   |   |   |   |   |   |   |   |
| Interest      income                                     |   | $                           | 20,657 |   |   |   | 21,862 |   |   |   | 22,598 |   |   |   | 23,302 |   |
| Interest      expense                                    |   |                        | 9,887  |   |   |   | 11,169 |   |   |   | 11,798 |   |   |   | 11,646 |   |
| Net      interest income                                 |   |                        | 10,770 |   |   |   | 10,693 |   |   |   | 10,800 |   |   |   | 11,656 |   |
|                                                     |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Provision      for loan losses                           |   |                        | 1,875  |   |   |   | 3,500 |   |   |   | 2,400 |   |   |   | 2,105 |   |
| Net      interest income after provision for loan losses |   |                        | 8,895  |   |   |   | 7,193 |   |   |   | 8,400 |   |   |   | 9,551 |   |
|                                                     |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other      income                                        |   |                        | 1,233  |   |   |   | (565 | ) |   |   | 822 |   |   |   | 1,290 |   |
| Other      expense                                       |   |                        | 5,874  |   |   |   | 6,542 |   |   |   | 6,652 |   |   |   | 8,179 |   |
|                                                     |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income      before income tax expense                    |   |                        | 4,254  |   |   |   | 86 |   |   |   | 2,570 |   |   |   | 2,662 |   |
| Income      tax expense                                  |   |                        | 1,748  |   |   |   | 47 |   |   |   | 1,067 |   |   |   | 1,158 |   |
| Net      income                                          |   | $                           | 2,506  |   |   | $ | 39 |   |   |   | 1,503 |   |   |   | 1,504 |   |
|                                                     |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic      earnings per common share                     |   | $                           | 0.07   |   |   |   | - |   |   |   | 0.04 |   |   |   | 0.04 |   |
| Diluted      earnings per common share                   |   |                        | 0.07   |   |   |   | - |   |   |   | 0.04 |   |   |   | 0.04 |   |

|                                                     |   | Fiscal 2008 Quarter Ended   |   |
|----------------------------------------------------------|--------|-----------------------------|--------|
|                                                     |   | September 30                |   |   | December 31 |   |   | March 31 |   |   | June 30 |   |
|                                                     |   | (Dollars      in thousands) |   |
| Selected      Operating Data:                            |   |                        |   |   |   |   |   |   |   |   |   |   |
| Interest      income                                     |   | $                           | 17,043 |   |   |   | 17,722 |   |   |   | 18,318 |   |   |   | 18,508 |   |
| Interest      expense                                    |   |                        | 8,758  |   |   |   | 9,325 |   |   |   | 9,594 |   |   |   | 9,531 |   |
| Net      interest income                                 |   |                        | 8,285  |   |   |   | 8,397 |   |   |   | 8,724 |   |   |   | 8,977 |   |
|                                                     |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Provision      for loan losses                           |   |                        | 350    |   |   |   | 950 |   |   |   | 750 |   |   |   | 2,600 |   |
| Net      interest income after provision for loan losses |   |                        | 7,935  |   |   |   | 7,447 |   |   |   | 7,974 |   |   |   | 6,377 |   |
|                                                     |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other      income                                        |   |                        | 1,329  |   |   |   | 1,174 |   |   |   | 791 |   |   |   | 1,642 |   |
| Other      expense                                       |   |                        | 4,218  |   |   |   | 4,922 |   |   |   | 4,751 |   |   |   | 5,600 |   |
|                                                     |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income      before income tax expense                    |   |                        | 5,046  |   |   |   | 3,699 |   |   |   | 4,014 |   |   |   | 2,419 |   |
| Income      tax expense                                  |   |                        | 2,073  |   |   |   | 1,504 |   |   |   | 1,649 |   |   |   | 992 |   |
| Net      income                                          |   | $                           | 2,973  |   |   | $ | 2,195 |   |   |   | 2,365 |   |   |   | 1,427 |   |
|                                                     |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic      earnings per common share                     |   | $                           | 0.08   |   |   |   | 0.06 |   |   |   | 0.06 |   |   |   | 0.04 |   |
| Diluted      earnings per common share                   |   |                        | 0.08   |   |   |   | 0.06 |   |   |   | 0.06 |   |   |   | 0.04 |   |

----

|                                                                   |   | For the Years Ended June30, |       |
|------------------------------------------------------------------------|--------|-----------------------------|------------|
|                                                                   |   | 2009                        |       |   | 2008 |   |
| Net      income available to common shareholders                       |   | $                           | 5,552,000  |   |   | $ | 8,960,000 |   |
|                                                                   |   |                        |       |   |   |   |   |   |
| Weighted      average common shares outstanding - basic                |   |                        | 36,737,877 |   |   |   | 39,027,687 |   |
| Effect      of dilutive non-vested shares and stock optionsoutstanding |   |                        | -          |   |   |   | - |   |
| Weighted      average common shares outstanding - diluted              |   |                        | 36,737,877 |   |   |   | 39,027,687 |   |
| Earnings      per share-basic                                          |   | $                           | 0.15       |   |   | $ | 0.23 |   |
| Earnings      per share-diluted                                        |   | $                           | 0.15       |   |   | $ | 0.23 |   |

----

----

----

| 3.1 | Certificate      of Incorporation of Oritani FinancialCorp.* |
|-----|--------------------------------------------------------------|

| 3.2 | Bylaws      of Oritani Financial Corp.* |
|-----|-----------------------------------------|

| 4 | Form      of Common Stock Certificate of Oritani Financial  Corp.* |
|---|--------------------------------------------------------------------|

| 10.1 | Employment      Agreement between Oritani Financial Corp. and Kevin J. Lynch*,      *** |
|------|-----------------------------------------------------------------------------------------|

| 10.2 | Form      of Employment Agreement between Oritani Financial Corp. and executive      officers*, *** |
|------|-----------------------------------------------------------------------------------------------------|

| 10.3 | Oritani      Bank Director Retirement Plan*, *** |
|------|--------------------------------------------------|

| 10.4 | Oritani      Bank Benefit Equalization Plan*,*** |
|------|--------------------------------------------------|

| 10.5 | Oritani      Bank Executive Supplemental Retirement Income Agreement*,    *** |
|------|-------------------------------------------------------------------------------|

| 10.6 | Form      of Employee Stock Ownership Plan*,*** |
|------|-------------------------------------------------|

| 10.7 | Director      Deferred Fee Plan*, *** |
|------|---------------------------------------|

| 10.8 | Oritani      Financial Corp. 2007 Equity Incentive Plan**,  *** |
|------|-----------------------------------------------------------------|

| 13 | Consolidated      Financial Statements |
|----|----------------------------------------|

| 14 | Code      of Ethics** |
|----|-----------------------|

| 21 | Subsidiaries      of Registrant* |
|----|----------------------------------|

| 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 | Certification      of Chief Executive Officer and Chief Financial Officer pursuant to Section      906 of the Sarbanes-Oxley Act of2002 |
|----|-----------------------------------------------------------------------------------------------------------------------------------------|

----

| * | Incorporated      by reference to the Registration Statement on Form S-1 of Oritani      Financial Corp. (file no. 333-137309), originally filed with the      Securities and Exchange Commission on September 14,  2006. |
|---|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ** | Available      on our website www.oritani.com |
|----|-----------------------------------------------|

| *** | Management      contract, compensatory plan orarrangement. |
|-----|------------------------------------------------------------|

----

|   |                    |   | ORITANI      FINANCIAL CORP.               |
|--------|-------------------------|--------|--------------------------------------------|
|   |                    |   |                                       |
| Date:  | September      11, 2009 | By:    | /s/ Kevin J. Lynch                         |
|   |                    |   | Kevin      J. Lynch                        |
|   |                    |   | Chief      Executive Officer and President |
|   |                    |   | (Duly      AuthorizedRepresentative)       |

| Signatures                                       |   | Title                                                                                                       |   | Date                    |
|--------------------------------------------------|--------|-------------------------------------------------------------------------------------------------------------|--------|-------------------------|
|                                             |   |                                                                                                        |   |                    |
| /s/ Kevin J. Lynch                               |   | Director,      Chief Executive Officer and President (Principal Executive      Officer)                     |   | September      11, 2009 |
| Kevin      J. Lynch                              |   |                                                                                                        |   |
|                                             |   |                                                                                                        |   |
| /s/ John M. Fields, Jr.                          |   | Executive      Vice President and Chief Financial Officer (Principal Financial and      Accounting Officer) |   | September      11, 2009 |
| John      M. Fields, Jr.                         |   |                                                                                                        |   |
|                                             |   |                                                                                                        |   |
| /s/ Michael A.      DeBernardi    |   | Director,      Executive Vice President and Chief Operating Officer                                         |   | September      11, 2009 |
| Michael      A. DeBernardi                       |   |                                                                                                        |   |
|                                             |   |                                                                                                        |   |
| /s/ Nicholas Antonaccio                          |   | Director                                                                                                    |   | September      11, 2009 |
| Nicholas      Antonaccio                         |   |                                                                                                        |   |                    |
|                                             |   |                                                                                                        |   |                    |
| /s/ James J. Doyle, Jr.                          |   | Director                                                                                                    |   | September      11, 2009 |
| James      J. Doyle, Jr.                         |   |                                                                                                        |   |                    |
|                                             |   |                                                                                                        |   |                    |
| /s/ Robert S. Hekemian, Jr.                      |   | Director                                                                                                    |   | September      11, 2009 |
| Robert      S. Hekemian, Jr.                     |   |                                                                                                        |   |                    |
|                                             |   |                                                                                                        |   |                    |
| /s/ John J. Skelly, Jr.                          |   | Director                                                                                                    |   | September      11, 2009 |
| John      J. Skelly, Jr.                         |   |                                                                                                        |   |                    |

----