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

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

| United States(State or Other Jurisdictionof Incorporation or Organization)          |   | 34-1983738(IRS EmployerIdentification No.) |
|-------------------------------------------------------------------------------------|--------|--------------------------------------------|
|                                                                                |   |                                       |
| 1433 Van Houten Avenue, Clifton, New Jersey(Address of Principal Executive Offices) |   | 07015(Zip Code)                            |

----

|                                                                 |                                                                | Page     |
|----------------------------------------------------------------------|---------------------------------------------------------------------|----------|
| PART I - FINANCIAL INFORMATION                                       |                                                                | Number   |
|                                                                 |                                                                |     |
|     Item 1:                                      | Financial Statements                                                |     |   |
|                                                                 |                                                                |     |   |
|                                                                 | Consolidated Statements of Financial Condition (Unaudited)          |     |   |
|                                                                 | at September 30, 2010 and March 31, 2010                            |     | 1 |
|                                                                 |                                                                |     |   |
|                                                                 | Consolidated Statements of Income (Unaudited) For the Three         |     |   |
|                                                                 | and Six Months Ended September 30, 2010 and 2009                    |     | 2 |
|                                                                 |                                                                |     |   |
|                                                                 | Consolidated Statements of Comprehensive Income (Unaudited) For the |     |   |
|                                                                 | Three and Six Months Ended September 30, 2010 and 2009              |     | 3 |
|                                                                 |                                                                |     |   |
|                                                                 | Consolidated Statements of Cash Flows (Unaudited) For the           |     |   |
|                                                                 | Six Months Ended September 30, 2010 and 2009                        |     | 4 - 5 |
|                                                                 |                                                                |     |   |
|                                                                 | Notes to Consolidated Financial Statements                          |     | 6 - 16 |
|                                                                 |                                                                |     |   |
|      Item 2:                                | Management’s Discussion and Analysis of                       |     |   |
|                                                                 | Financial Condition and Results of Operations                       |     | 17 - 25 |
|                                                                 |                                                                |     |   |
|     Item 3:                                      | Quantitative and Qualitative Disclosures About Market Risk          |     |  26 - 28 |
|                                                                 |                                                                |     |   |
|     Item 4:                                      | Controls and Procedures                                             |     | 29  |
|                                                                 |                                                                |     |   |
|                                                                 |                                                                |     |   |
| PART II - OTHER INFORMATION                                          |                                                                |     |
|                                                                 |                                                                |     |   |
|          Item 1:        | Legal Proceedings                                                   |     | 30 |
|           Item 1A: |  Risk Factors                                             |     |  30 |
|          Item 2:        | Unregistered Sales of Equity Securities and Use of Proceeds         |     | 30 |
|                                                                 |                                                                |     |   |
|          Item 3:        | Defaults Upon Senior Securities                                     |     | 30 |
|                                                                 |                                                                |     |   |
|          Item 4:        | (Removed and Reserved)                                              |     | 30 |
|                                                                 |                                                                |     |   |
|          Item 5:        | Other Information                                              |     | 30 |
|          Item 6:        | Exhibits                                                       |     | 31 |
|                                                                 |                                                                |     |   |
| SIGNATURES                                                           |                                                                | 32  |

----

|                                                                                                       |   | September 30, |      |   | March 31, |   |
|------------------------------------------------------------------------------------------------------------|--------|---------------|-----------|--------|-----------|--------|
|                                                                                                       |   | 2010          |      |   | 2010      |   |
| ASSETS                                                                                                     |   |          |      |   |      |   |
|                                                                                                       |   |          |      |   |      |   |
| Cash and due from banks                                                                                    |   | $             | 26,644    |   |      | $      | 21,671 |   |
| Interest-bearing deposits in other banks                                                                   |   |          | 32,803    |   |      |   | 11,790 |   |
| Cash and Cash Equivalents                                                                                  |   |          | 59,447    |   |      |   | 33,461 |   |
| Securities available for sale, at fair value:                                                              |   |          |      |   |      |   |   |   |
| Investment                                                                                                 |   |          | 15,096    |   |      |   | 15,062 |   |
| Mortgage-backed                                                                                            |   |          | 47,535    |   |      |   | 57,081 |   |
| Securities held to maturity, at cost:                                                                      |   |          |      |   |      |   |   |   |
| Investment, fair value of $212,137 and $159,511, respectively                                              |   |          | 209,710   |   |      |   | 159,969 |   |
| Mortgage-backed, fair value of $308,068 and $285,536, respectively                                         |   |          | 292,773   |   |      |   | 275,801 |   |
|                                                                                                       |   |          |      |   |      |   |   |   |
| Loans receivable                                                                                           |   |          | 461,865   |   |      |   | 479,566 |   |
| Allowance for loan losses                                                                                  |   |          | (2,210    | )      |      |   | (2,050 | ) |
| Net Loans                                                                                                  |   |          | 459,655   |   |      |   | 477,516 |   |
|                                                                                                       |   |          |      |   |      |   |   |   |
| Bank owned life insurance                                                                                  |   |          | 26,279    |   |      |   | 22,835 |   |
| Premises and equipment                                                                                     |   |          | 8,423     |   |      |   | 9,612 |   |
| Federal Home Loan Bank of New York stock                                                                   |   |          | 7,068     |   |      |   | 7,157 |   |
| Interest receivable                                                                                        |   |          | 4,277     |   |      |   | 4,377 |   |
| Other assets                                                                                               |   |          | 5,880     |   |      |   | 4,836 |   |
| Total Assets                                                                                               |   | $             | 1,136,143 |   |      | $      | 1,067,707 |   |
|                                                                                                       |   |          |      |   |      |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY                                                                       |   |          |      |   |      |   |   |   |
| Liabilities                                                                                                |   |          |      |   |      |   |   |   |
| Deposits:                                                                                                  |   |          |      |   |      |   |   |   |
| Non-interest bearing                                                                                       |   | $             | 6,695     |   |      | $      | 6,828 |   |
| Interest bearing                                                                                           |   |          | 814,237   |   |      |   | 751,324 |   |
| Total Deposits                                                                                             |   |          | 820,932   |   |      |   | 758,152 |   |
|                                                                                                       |   |          |      |   |      |   |   |   |
| Advances from Federal Home Loan Bank of New York                                                           |   |          | 119,992   |   |      |   | 123,737 |   |
| Advance payments by borrowers for taxes and insurance                                                      |   |          | 4,838     |   |      |   | 5,193 |   |
| Other liabilities and accrued expenses                                                                     |   |          | 13,437    |   |      |   | 4,633 |   |
| Total Liabilities                                                                                          |   |          | 959,199   |   |      |   | 891,715 |   |
|                                                                                                       |   |          |      |   |      |   |   |   |
| Stockholders' Equity                                                                                       |   |          |      |   |      |   |   |   |
| Preferred stock ($.01 par value), 1,000,000 shares                                                         |   |          |      |   |      |   |   |   |
| authorized; shares issued or outstanding - none                                                            |   |          | -         |   |      |   | - |   |
| Common stock ($.01 par value), 75,000,000 shares                                                           |   |          |      |   |      |   |   |   |
|       authorized; 30,530,470 shares issued, 26,137,248 shares outstanding at |   |          |      |   |      |
| September 30, 2010; 26,398,079 shares outstanding at March 31, 2010                                        |   |          | 305       |   |      |   | 305 |   |
| Paid-in capital                                                                                            |   |          | 135,608   |   |      |   | 135,921 |   |
| Deferred compensation obligation under Rabbi Trust                                                         |   |          | 241       |   |      |   | 233 |   |
| Retained earnings                                                                                          |   |          | 92,656    |   |      |   | 89,361 |   |
| Treasury stock, at cost; 4,393,222 shares at September 30, 2010;                                           |   |          |      |   |      |
| 4,132,391 shares at March 31, 2010                                                                         |   |          | (47,372   | )      |      |   | (45,050 | ) |
| Common stock acquired by Employee Stock Ownership                                                          |   |          |      |   |      |   |   |   |
| Plan ("ESOP")                                                                                              |   |          | (6,045    | )      |      |   | (6,411 | ) |
| Accumulated other comprehensive income                                                                     |   |          | 1,761     |   |      |   | 1,820 |   |
| Stock held by Rabbi Trust                                                                                  |   |          | (210      | )      |      |   | (187 | ) |
| Total Stockholders' Equity                                                                                 |   |          | 176,944   |   |      |   | 175,992 |   |
| Total Liabilities and Stockholders' Equity                                                                 |   | $             | 1,136,143 |   |      | $      | 1,067,707 |   |

----

|                                                |   | Three Months        |                    |   | Six Months          |   |
|-----------------------------------------------------|--------|---------------------|-------------------------|--------|---------------------|--------|
|                                                |   | Ended September 30, |                    |   | Ended September 30, |   |
|                                                |   | 2010                |                    |   | 2009                |   |   | 2010 |   |   | 2009 |   |
| Interest Income:                                    |   |                |                    |   |                |   |   |   |   |   |   |   |
| Loans                                               |   | $                   |    5,800 |   |                | $      |   6,116 |   |   | $ |    11,786 |   |   | $ |  12,222 |   |
| Mortgage-backed securities                          |   |                | 4,046                   |   |                |   | 4,327 |   |   |   | 8,177 |   |   |   | 8,325 |   |
| Investments securities                              |   |                | 1,404                   |   |                |   | 686 |   |   |   | 2,659 |   |   |   | 1,389 |   |
| Other interest-earning assets                       |   |                | 87                      |   |                |   | 115 |   |   |   | 169 |   |   |   | 227 |   |
|  Total Interest Income                         |   |                | 11,337                  |   |                |   | 11,244 |   |   |   | 22,791 |   |   |   | 22,163 |   |
| Interest Expense:                                   |   |                |                    |   |                |   |   |   |   |   |   |   |   |   |   |   |
| Deposits                                            |   |                | 3,893                   |   |                |   | 4,647 |   |   |   | 7,714 |   |   |   | 9,601 |   |
| Advances                                            |   |                | 1,184                   |   |                |   | 1,373 |   |   |   | 2,372 |   |   |   | 2,753 |   |
|  Total Interest Expense                        |   |                | 5,077                   |   |                |   | 6,020 |   |   |   | 10,086 |   |   |   | 12,354 |   |
|                                                |   |                |                    |   |                |   |   |   |   |   |   |   |   |   |   |   |
| Net Interest Income                                 |   |                | 6,260                   |   |                |   | 5,224 |   |   |   | 12,705 |   |   |   | 9,809 |   |
| Provision for Loan Losses                           |   |                | 160                     |   |                |   | 333 |   |   |   | 160 |   |   |   | 433 |   |
| Net Interest Income after Provision for Loan Losses |   |                | 6,100                   |   |                |   | 4,891 |   |   |   | 12,545 |   |   |   | 9,376 |   |
|                                                |   |                |                    |   |                |   |   |   |   |   |   |   |   |   |   |   |
| Non-Interest Income:                                |   |                |                    |   |                |   |   |   |   |   |   |   |   |   |   |   |
| Fees and service charges                            |   |                | 57                      |   |                |   | 56 |   |   |   | 105 |   |   |   | 114 |   |
| Bank owned life insurance                           |   |                | 226                     |   |                |   | 229 |   |   |   | 444 |   |   |   | 455 |   |
| Net gain on sale of premises and equipment          |   |                | 329                     |   |                |   | - |   |   |   | 329 |   |   |   | - |   |
|    Other                             |   |                | 6                       |   |                |   | 7 |   |   |   | 13 |   |   |   | 13 |   |
|  Total Non-Interest Income                     |   |                | 618                     |   |                |   | 292 |   |   |   | 891 |   |   |   | 582 |   |
|                                                |   |                |                    |   |                |   |   |   |   |   |   |   |   |   |   |   |
| Non-Interest Expenses:                              |   |                |                    |   |                |   |   |   |   |   |   |   |   |   |   |   |
| Salaries and employee benefits                      |   |                | 1,670                   |   |                |   | 1,763 |   |   |   | 3,376 |   |   |   | 3,531 |   |
| Occupancy expense of premises                       |   |                | 408                     |   |                |   | 292 |   |   |   | 861 |   |   |   | 538 |   |
| Equipment                                           |   |                | 254                     |   |                |   | 221 |   |   |   | 508 |   |   |   | 442 |   |
| Directors' compensation                             |   |                | 197                     |   |                |   | 223 |   |   |   | 365 |   |   |   | 447 |   |
| Advertising                                         |   |                | 86                      |   |                |   | 82 |   |   |   | 162 |   |   |   | 139 |   |
|    Legal                             |   |                | 96                      |   |                |   | 53 |   |   |   | 130 |   |   |   | 105 |   |
| Federal deposit insurance premium                   |   |                | 222                     |   |                |   | 187 |   |   |   | 437 |   |   |   | 820 |   |
|    Other                             |   |                | 411                     |   |                |   | 417 |   |   |   | 850 |   |   |   | 840 |   |
|  Total Non-Interest Expenses                   |   |                | 3,344                   |   |                |   | 3,238 |   |   |   | 6,689 |   |   |   | 6,862 |   |
|                                                |   |                |                    |   |                |   |   |   |   |   |   |   |   |   |   |   |
| Income before Income Taxes                          |   |                | 3,374                   |   |                |   | 1,945 |   |   |   | 6,747 |   |   |   | 3,096 |   |
| Income Taxes                                        |   |                | 1,191                   |   |                |   | 624 |   |   |   | 2,394 |   |   |   | 931 |   |
| Net Income                                          |   | $                   |    2,183 |   |                | $      |   1,321 |   |   | $ |  4,353 |   |   | $ |    2,165 |   |
|                                                |   |                |                    |   |                |   |   |   |   |   |   |   |   |   |   |   |
| Net Income per Common Share:                        |   |                |                    |   |                |   |   |   |   |   |   |   |   |   |   |   |
|     Basic                            |   | $                   |     0.09 |   |                | $      |    0.05 |   |   | $ |    0.17 |   |   | $ |    0.08 |   |
|     Diluted                          |   | $                   |     0.09 |   |                | $      |    0.05 |   |   | $ |    0.17 |   |   | $ |    0.08 |   |
|                                                |   |                |                    |   |                |   |   |   |   |   |   |   |   |   |   |   |
| Dividends per common share                          |   | $                   |   0.06        |   |                | $      |    0.05 |   |   | $ |   0.12 |   |   | $ |    0.10 |   |
|                                                |   |                |                    |   |                |   |   |   |   |   |   |   |   |   |   |   |
| Weighted Average Number of Common Shares and Common |   |                |                    |   |                |   |   |   |   |   |   |   |   |   |   |   |
|   Stock Equivalents Outstanding:          |   |                |                    |   |                |   |   |   |   |   |   |   |   |   |   |   |
|     Basic                            |   |                | 25,523,522              |   |                |   | 26,021,053 |   |   |   | 25,608,144 |   |   |   | 26,020,381 |   |
|     Diluted                          |   |                | 25,523,522              |   |                |   | 26,087,476 |   |   |   | 25,608,144 |   |   |   | 26,084,951 |   |

----

|                                                                   |   | Three Months        |   |   | Six Months          |   |
|------------------------------------------------------------------------|--------|---------------------|--------|--------|---------------------|--------|
|                                                                   |   | Ended September 30, |   |   | Ended September 30, |   |
|                                                                   |   | 2010                |   |   | 2009                |   |   | 2010 |   |   | 2009 |   |
|                                                                   |   |                |   |   |                |   |   |   |   |   |   |   |
| Net income                                                             |   | $                   | 2,183  |   |                | $      | 1,321 |   |   | $ | 4,353 |   |   | $ | 2,165 |   |
|                                                                   |   |                |   |   |                |   |   |   |   |   |   |   |   |   |   |   |
| Other comprehensive income (loss):                                     |   |                |   |   |                |   |   |   |   |   |   |   |   |   |   |   |
| Gross unrealized holding gain (loss) on securities available for sale, |   |                |   |   |                |   |   |   |   |   |   |   |   |
|   net of income taxes (benefit) of ($269) and $324,          |   |                |   |   |                |   |   |   |   |   |   |   |   |   |   |   |
| ($46) and 167, respectively                                            |   |                | (404   | )      |                |   | 487 |   |   |   | (69 | ) |   |   | 252 |   |
| Benefit plans, net of income taxes of $4 and $4,                       |   |                |   |   |                |   |   |   |   |   |   |   |   |   |   |   |
| $7 and $9, respectively                                                |   |                | 5      |   |                |   | 7 |   |   |   | 10 |   |   |   | 13 |   |
| Other comprehensive income (loss)                                      |   |                | (399   | )      |                |   | 494 |   |   |   | (59 | ) |   |   | 265 |   |
| Comprehensive income                                                   |   | $                   | 1,784  |   |                | $      | 1,815 |   |   | $ | 4,294 |   |   | $ | 2,430 |   |

----

|                                                                              |   | Six Months          |     |
|-----------------------------------------------------------------------------------|--------|---------------------|----------|
|                                                                              |   | Ended September 30, |     |
|                                                                              |   | 2010                |     |   | 2009 |   |
| Cash flows from operating activities:                                             |   |                |     |   |   |   |
| Net income                                                                        |   | $                   | 4,353    |   |   | $ | 2,165 |   |
| Adjustments to reconcile net income to net cash provided by operating activities: |   |                |     |   |   |
| Depreciation and amortization of premises and equipment                           |   |                | 253      |   |   |   | 225 |   |
| Net accretion of deferred fees and costs, premiums and discounts                  |   |                | (120     | ) |   |   | (100 | ) |
| Amortization of component of net periodic pension cost                            |   |                | 16       |   |   |   | 22 |   |
| Provision for loan losses                                                         |   |                | 160      |   |   |   | 433 |   |
| Net (gain) on sale of premises and equipment                                      |   |                | (329     | ) |   |   | - |   |
| Decrease (increase) in interest receivable                                        |   |                | 100      |   |   |   | (113 | ) |
| Deferred income tax benefit                                                       |   |                | (89      | ) |   |   | (632 | ) |
| Decrease (increase) in other assets                                               |   |                | 242      |   |   |   | (45 | ) |
| (Decrease) in accrued interest payable                                            |   |                | (14      | ) |   |   | (33 | ) |
| Increase in other liabilities                                                     |   |                | 8,818    |   |   |   | 223 |   |
| (Increase) in cash surrender value of bank owned life insurance                   |   |                | (444     | ) |   |   | (454 | ) |
| ESOP shares committed to be released                                              |   |                | 327      |   |   |   | 390 |   |
| Restricted stock expense                                                          |   |                | 21       |   |   |   | 529 |   |
| Stock option expense                                                              |   |                | 66       |   |   |   | 66 |   |
| Increase in deferred compensation obligation under Rabbi Trust                    |   |                | 8        |   |   |   | 13 |   |
| Net cash provided by operating activities                                         |   |                | 13,368   |   |   |   | 2,689 |   |
|                                                                              |   |                |     |   |   |   |   |   |
| Cash flows from investing activities:                                             |   |                |     |   |   |   |   |   |
| Proceeds from calls, maturities and repayments of:                                |   |                |     |   |   |   |   |   |
| Investment securities available for sale                                          |   |                | 10,000   |   |   |   | - |   |
| Mortgage-backed securities available for sale                                     |   |                | 9,438    |   |   |   | 13,140 |   |
| Investment securities held to maturity                                            |   |                | 90,025   |   |   |   | 15,000 |   |
| Mortgage-backed securities held to maturity                                       |   |                | 31,742   |   |   |   | 38,488 |   |
| Redemptions of Federal Home Loan Bank of New York stock                           |   |                | 168      |   |   |   | 399 |   |
| Proceeds from sale of premises and equipment                                      |   |                | 493      |   |   |   | - |   |
| Purchases of:                                                                     |   |                |     |   |   |   |   |   |
| Investment securities available for sale                                          |   |                | (10,000  | ) |   |   | (5,000 | ) |
| Investment securities held to maturity                                            |   |                | (139,707 | ) |   |   | (30,000 | ) |
| Mortgage-backed securities held to maturity                                       |   |                | (48,614  | ) |   |   | (102,881 | ) |
| Loans receivable                                                                  |   |                | -        |   |   |   | (1,877 | ) |
| Bank owned life insurance                                                         |   |                | (3,000   | ) |   |   | - |   |
| Premises and equipment                                                            |   |                | (385     | ) |   |   | (530 | ) |
| Federal Home Loan Bank of New York stock                                          |   |                | (80      | ) |   |   | (656 | ) |
| Net decrease (increase) in loans receivable                                       |   |                | 17,622   |   |   |   | (17,929 | ) |
| Net cash used in investing activities                                             |   |                | (42,298  | ) |   |   | (91,846 | ) |

----

|                                                 |                                                                     |                                             |                                                                                              |                                             |                                                                                              |                                             |                                             |   |
|------------------------------------------------------|--------------------------------------------------------------------------|--------------------------------------------------|---------------------------------------------------------------------------------------------------|--------------------------------------------------|---------------------------------------------------------------------------------------------------|--------------------------------------------------|--------------------------------------------------|--------|
|                                                 |                                                                     |                                             |                                                                                              |                                             |                                                                                              | Six Months                                       |
|                                                 |                                                                     |                                             |                                                                                              |                                             |                                                                                              | Ended September 30,                              |
|                                                 |                                                                     |                                             |                                                                                              |                                             |                                                                                              | 2010                                             |                                             | 2009   |
| Cash flows from financing activities:                |                                                                     |                                             |                                                                                              |                                             |
|                                                 | Net increase in deposits                                                 |                                             |  $    62,780                                                             |                                             |  $    56,430                                                             |
|                                                 | Increase in short-term advances from Federal Home Loan Bank of New York  |                                             |                -       |                                             |          7,000                                       |
|                                                 | Principal payments on advances from Federal Home Loan Bank of New York   |                                             |        (3,745)                                                 |                                             |        (8,866)                                                 |
|                                                 | Net (decrease) increase in payments by borrowers for taxes and insurance |                                             |           (355)                                 |                                             |             287                       |
|                                                 | Minority dividends paid                                                  |                                             |        (1,058)                                                 |                                             |           (921)                                 |
|                                                 | Purchase of treasury stock                                               |                                             |        (2,707)                                                 |                                             |           (398)                                 |
|                                                 | Income tax benefit from stock based compensation                         |                                             |                 1 |                                             |                 4 |
|                                                 |                                                                     |                                             | Net cash provided by financing activities                                                         |                                             |        54,916                                                  |                                             |        53,536 |
|                                                 |                                                                     |                                             |                                                                                              |                                             |                                                                                              |                                             |                                             |   |
| Net  increase in cash and cash equivalents |                                                                     |        25,986 |                                                                                              |      (35,621)           |
| Cash and cash equivalents - beginning                |                                                                     |        33,461 |                                                                                              |        51,126 |
| Cash and cash equivalents - ending                   |                                                                     |  $    59,447            |                                                                                              |  $    15,505            |
|                                                 |                                                                     |                                             |                                                                                              |                                             |                                                                                              |                                             |                                             |   |
| Supplemental information:                            |                                                                     |                                             |                                                                                              |                                             |
|                                                 | Cash paid during the period for:                                         |                                             |                                                                                              |                                             |                                                                                              |
|                                                 |                                                                     | Interest on deposits and borrowings              |                                                                                              |  $    10,100            |                                                                                              |  $    12,387            |
|                                                 |                                                                     | Income taxes paid                                |                                                                                              |  $      3,733 |                                                                                              |  $      1,517 |
|                                                 |                                                                     |                                             |                                                                                              |                                             |                                                                                              |                                             |                                             |   |
| Non cash activities:                                 |                                                                     |                                             |                                                                                              |                                             |
|                                                 | Reclass property from premises and equipment to land held for sale       |                                             |  $      1,157                                                  |                                             |  $             -                 |

----

----

|                                    |   | Three Months        |   |   | Six Months          |   |
|-----------------------------------------|--------|---------------------|--------|--------|---------------------|--------|
|                                    |   | Ended September 30, |   |   | Ended September 30, |   |
|                                    |   | 2010                |   |   | 2009                |   |   | 2010 |   |   | 2009 |   |
|                                    |   | (In Thousands)      |   |
|                                    |   |                |   |   |                |   |   |   |   |   |   |   |
| Service cost                            |   | $                   | 15     |   |                | $      | 20 |   |   | $ | 30 |   |   | $ | 40 |   |
| Interest cost                           |   |                | 37     |   |                |   | 38 |   |   |   | 74 |   |   |   | 76 |   |
| Amortization of past service cost       |   |                | 10     |   |                |   | 12 |   |   |   | 20 |   |   |   | 24 |   |
| Amortization of unrecognized net (gain) |   |                | (2     | )      |                |   | (1 | ) |   |   | (4 | ) |   |   | (2 | ) |
|                                    |   |                |   |   |                |   |   |   |   |   |   |   |   |   |   |   |
| Net periodic benefit cost               |   | $                   | 60     |   |                | $      | 69 |   |   | $ | 120 |   |   | $ | 138 |   |

----

|                                   |   | September 30, 2010 |    |
|----------------------------------------|--------|--------------------|---------|
|                                   |   |               |    |   | Gross |   |   | Gross |   |   |   |   |
|                                   |   | Amortized          |    |   | Unrealized |   |   | Unrealized |   |   | Fair |   |
|                                   |   | Cost               |    |   | Gains |   |   | Losses |   |   | Value |   |
| Available for sale:                    |   | (In Thousands)     |    |
| Federal Home Loan Mortgage Corporation |   | $                  | 5,000   |   |   | $ | 7 |   |   | $ | - |   |   | $ | 5,007 |   |
| Federal National Mortgage Association  |   |               | 5,000   |   |   |   | 37 |   |   |   | - |   |   |   | 5,037 |   |
| Federal Home Loan Banks                |   |               | 5,000   |   |   |   | 52 |   |   |   | - |   |   |   | 5,052 |   |
|                                   |   | $                  | 15,000  |   |   | $ | 96 |   |   | $ | - |   |   | $ | 15,096 |   |
|                                   |   |               |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Held to maturity:                      |   |               |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Federal Farm Credit Banks              |   | $                  | 10,000  |   |   | $ | 178 |   |   | $ | - |   |   | $ | 10,178 |   |
| Federal Home Loan Banks                |   |               | 43,600  |   |   |   | 445 |   |   |   | - |   |   |   | 44,045 |   |
| Federal Home Loan Mortgage Corporation |   |               | 49,897  |   |   |   | 597 |   |   |   | - |   |   |   | 50,494 |   |
| Federal National Mortgage Association  |   |               | 106,213 |   |   |   | 1,207 |   |   |   | - |   |   |   | 107,420 |   |
|                                   |   | $                  | 209,710 |   |   | $ | 2,427 |   |   | $ | - |   |   | $ | 212,137 |   |
|                                   |   |               |    |   |   |   |   |   |   |   |   |   |   |   |   |   |

|                                   |   | March 31, 2010 |    |
|----------------------------------------|--------|----------------|---------|
|                                   |   |           |    |   | Gross |   |   | Gross |   |   |   |   |
|                                   |   | Amortized      |    |   | Unrealized |   |   | Unrealized |   |   | Fair |   |
|                                   |   | Cost           |    |   | Gains |   |   | Losses |   |   | Value |   |
| Available for sale:                    |   | (In Thousands) |    |
| Federal National Mortgage Association  |   | $              | 15,000  |   |   | $ | 62 |   |   | $ | - |   |   | $ | 15,062 |   |
|                                   |   | $              | 15,000  |   |   | $ | 62 |   |   | $ | - |   |   | $ | 15,062 |   |
|                                   |   |           |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Held to maturity:                      |   |           |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Federal Home Loan Mortgage Corporation |   | $              | 40,000  |   |   | $ | 166 |   |   | $ | 178 |   |   | $ | 39,988 |   |
| Federal Home Loan Banks                |   |           | 43,760  |   |   |   | 65 |   |   |   | 381 |   |   |   | 43,444 |   |
| Federal National Mortgage Association  |   |           | 76,209  |   |   |   | 115 |   |   |   | 245 |   |   |   | 76,079 |   |
|                                   |   | $              | 159,969 |   |   | $ | 346 |   |   | $ | 804 |   |   | $ | 159,511 |   |

----

|                             |   | September 30, 2010 |    |
|----------------------------------|--------|--------------------|---------|
|                             |   | Amortized          |    |   | Fair |   |
|                             |   | Cost               |    |   | Value |   |
|                             |   | (In Thousands)     |    |
| Available for sale:              |   |               |    |   |   |   |
| Due after one through five years |   | $                  | 15,000  |   |   | $ | 15,096 |   |
|                             |   | $                  | 15,000  |   |   | $ | 15,096 |   |
| Held to maturity:                |   |               |    |   |   |   |   |   |
| Due after one through five years |   | $                  | 96,000  |   |   | $ | 97,652 |   |
| Due after five through ten years |   |               | 54,951  |   |   |   | 55,490 |   |
| Due after ten years              |   |               | 58,759  |   |   |   | 58,995 |   |
|                             |   | $                  | 209,710 |   |   | $ | 212,137 |   |

|                                                |   | Less Than 12 Months |   |   | 12 Months or More |   |   | Total      |   |
|-----------------------------------------------------|--------|---------------------|--------|--------|-------------------|--------|--------|------------|--------|
|                                                |   |                |   |   | Gross             |   |   |       |   |   | Gross |   |   |   |   |   | Gross |   |
|                                                |   |                |   |   | Unrealized        |   |   |       |   |   | Unrealized |   |   |   |   |   | Unrealized |   |
|                                                |   | Fair Value          |   |   | Losses            |   |   | Fair Value |   |   | Losses |   |   | Fair Value |   |   | Losses |   |
|                                                |   | (In Thousands)      |   |
| March 31, 2010:                                     |   |                |   |   |              |   |   |       |   |   |   |   |   |   |   |   |   |   |
| Held to maturity:                                   |   |                |   |   |              |   |   |       |   |   |   |   |   |   |   |   |   |   |
|    Federal Home Loan Mortgage Corporation |   | $                   | 19,838 |   |              | $      | 178    |       |   | $ | - |   |   | $ | - |   |   | $ | 19,838 |   |   | $ | 178 |   |
|    Federal National Mortgage Association  |   |                | 44,709 |   |              |   | 245    |       |   |   | - |   |   |   | - |   |   |   | 44,709 |   |   |   | 245 |   |
|    Federal Home Loan Banks                |   |                | 34,629 |   |              |   | 381    |       |   |   |   |   |   |   |   |   |   |   | 34,629 |   |   |   | 381 |   |
|                                                |   | $                   | 99,176 |   |              | $      | 804    |       |   | $ | - |   |   | $ | - |   |   | $ | 99,176 |   |   | $ | 804 |   |

----

|                                   |   | September 30, 2010 |    |
|----------------------------------------|--------|--------------------|---------|
|                                   |   |               |    |   | Gross |   |   | Gross |   |   |   |   |
|                                   |   | Amortized          |    |   | Unrealized |   |   | Unrealized |   |   | Fair |   |
|                                   |   | Cost               |    |   | Gains |   |   | Losses |   |   | Value |   |
|                                   |   | (In Thousands)     |    |
| Available for sale:                    |   |               |    |   |   |   |   |   |   |   |   |   |
| Federal Home Loan Mortgage Corporation |   | $                  | 20,052  |   |   | $ | 1,365 |   |   | $ | - |   |   | $ | 21,417 |   |
| Federal National Mortgage Association  |   |               | 24,490  |   |   |   | 1,628 |   |   |   | - |   |   |   | 26,118 |   |
|                                   |   | $                  | 44,542  |   |   | $ | 2,993 |   |   | $ | - |   |   | $ | 47,535 |   |
| Held to maturity:                      |   |               |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Federal Home Loan Mortgage Corporation |   | $                  | 120,351 |   |   | $ | 6,350 |   |   | $ | - |   |   | $ | 126,701 |   |
| Federal National Mortgage Association  |   |               | 117,903 |   |   |   | 6,231 |   |   |   | 8 |   |   |   | 124,126 |   |
| Government National Mortgage           |   |               |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Association                            |   |               | 54,519  |   |   |   | 2,722 |   |   |   | - |   |   |   | 57,241 |   |
|                                   |   | $                  | 292,773 |   |   | $ | 15,303 |   |   | $ | 8 |   |   | $ | 308,068 |   |
|                                   |   |               |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                   |   | March 31, 2010     |    |
|                                   |   |               |    |   |   | Gross |   |   | Gross |   |   |   |   |   |
|                                   |   | Amortized          |    |   | Unrealized |   |   | Unrealized |   |   | Fair |   |
|                                   |   | Cost               |    |   | Gains |   |   | Losses |   |   | Value |   |
|                                   |   | (In Thousands)     |    |   |   |   |   |   |   |   |   |
| Available for sale:                    |   |               |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Federal Home Loan Mortgage Corporation |   | $                  | 23,561  |   |   | $ | 1,399 |   |   | $ | - |   |   | $ | 24,960 |   |
| Federal National Mortgage Association  |   |               | 30,378  |   |   |   | 1,743 |   |   |   | - |   |   |   | 32,121 |   |
|                                   |   | $                  | 53,939  |   |   | $ | 3,142 |   |   | $ | - |   |   | $ | 57,081 |   |
| Held to maturity:                      |   |               |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Federal Home Loan Mortgage Corporation |   | $                  | 112,501 |   |   | $ | 5,622 |   |   | $ | 69 |   |   | $ | 118,054 |   |
| Federal National Mortgage Association  |   |               | 104,023 |   |   |   | 3,375 |   |   |   | 169 |   |   |   | 107,229 |   |
| Government National Mortgage           |   |               |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Association                            |   |               | 59,277  |   |   |   | 980 |   |   |   | 4 |   |   |   | 60,253 |   |
|                                   |   | $                  | 275,801 |   |   | $ | 9,977 |   |   | $ | 242 |   |   | $ | 285,536 |   |
|                                   |   |               |    |   |   |   |   |   |   |   |   |   |   |   |   |   |

|                             |   | September 30, 2010 |    |
|----------------------------------|--------|--------------------|---------|
|                             |   | Amortized          |    |   |   |   |
|                             |   | Cost               |    |   | Fair Value |   |
|                             |   | (In Thousands)     |    |
| Available for sale:              |   |               |    |   |   |   |
| Due after five through ten years |   | $                  | 11,450  |   |   | $ | 12,214 |   |
| Due after ten years              |   |               | 33,092  |   |   |   | 35,321 |   |
|                             |   | $                  | 44,542  |   |   | $ | 47,535 |   |
| Held to maturity:                |   |               |    |   |   |   |   |   |
| Due within one year              |   | $                  | 9       |   |   | $ | 9 |   |
| Due after one through five years |   |               | 113     |   |   |   | 122 |   |
| Due after five through ten years |   |               | 15,462  |   |   |   | 16,432 |   |
| Due after ten years              |   |               | 277,189 |   |   |   | 291,505 |   |
|                             |   | $                  | 292,773 |   |   | $ | 308,068 |   |
|                             |   |               |    |   |   |   |   |   |

----

|                                     |   | Less Than 12 Months |   |   | 12 Months or More |   |   | Total      |   |
|------------------------------------------|--------|---------------------|--------|--------|-------------------|--------|--------|------------|--------|
|                                     |   |                |   |   | Gross             |   |   |       |   |   | Gross |   |   |   |   |   | Gross |   |
|                                     |   |                |   |   | Unrealized        |   |   |       |   |   | Unrealized |   |   |   |   |   | Unrealized |   |
|                                     |   | Fair Value          |   |   | Losses            |   |   | Fair Value |   |   | Losses |   |   | Fair Value |   |   | Losses |   |
|                                     |   | (In Thousands)      |   |
| September 30, 2010:                      |   |                |   |   |              |   |   |       |   |   |   |   |   |   |   |   |   |   |
| Held to maturity:                        |   |                |   |   |              |   |   |       |   |   |   |   |   |   |   |   |   |   |
| Federal National Mortgage Association    |   | $                   | 1,686  |   |              | $      | 7      |       |   | $ | 22 |   |   | $ | 1 |   |   | $ | 1,708 |   |   | $ | 8 |   |
|                                     |   |                |   |   |              |   |   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                     |   | $                   | 1,686  |   |              | $      | 7      |       |   | $ | 22 |   |   | $ | 1 |   |   | $ | 1,708 |   |   | $ | 8 |   |
| March 31, 2010:                          |   |                |   |   |              |   |   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Held to maturity:                        |   |                |   |   |              |   |   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Federal Home Loan Mortgage Corporation   |   | $                   | 9,950  |   |              | $      | 69     |       |   | $ | - |   |   | $ | - |   |   | $ | 9,950 |   |   | $ | 69 |   |
| Federal National Mortgage Association    |   |                | 24,460 |   |              |   | 168    |       |   |   | 90 |   |   |   | 1 |   |   |   | 24,550 |   |   |   | 169 |   |
| Government National Mortgage Association |   |                | 10,556 |   |              |   | 4      |       |   |   | - |   |   |   | - |   |   |   | 10,556 |   |   |   | 4 |   |
|                                     |   | $                   | 44,966 |   |              | $      | 241    |       |   | $ | 90 |   |   | $ | 1 |   |   | $ | 45,056 |   |   | $ | 242 |   |
|                                     |   |                |   |   |              |   |   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                   |   |           |   |   | (Level 1)        |   |   | (Level 2)   |   |   |         |   |
|----------------------------------------|--------|----------------|--------|--------|------------------|--------|--------|-------------|--------|--------|--------------|--------|
|                                   |   |           |   |   | Quoted Prices    |   |   | Significant |   |   | (Level 3)    |   |
|                                   |   |           |   |   | in Active        |   |   | Other       |   |   | Significant  |   |
|                                   |   | Carrying       |   |   | Markets for      |   |   | Observable  |   |   | Unobservable |   |
| Description                            |   | Value          |   |   | Identical Assets |   |   | Inputs      |   |   | Inputs       |   |
| September 30, 2010:                    |   | (In Thousands) |   |
| Securities available for sale:         |   |           |   |   |             |   |   |        |   |   |         |   |
| Mortgage-backed securities:            |   |           |   |   |             |   |   |        |   |   |         |   |
| Federal Home Loan Mortgage Corporation |   | $              | 21,417 |   |             | $      | -      |        |   | $      | 21,417       |   |   | $ | - |   |
| Federal National Mortgage Association  |   |           | 26,118 |   |             |   | -      |        |   |   | 26,118       |   |   |   | - |   |
| U.S. Government agencies:              |   |           |   |   |             |   |   |        |   |   |         |   |   |   |   |   |
| Federal Home Loan Mortgage Corporation |   |           | 5,007  |   |             |   | -      |        |   |   | 5,007        |   |   |   | - |   |
| Federal National Mortgage Association  |   |           | 5,037  |   |             |   | -      |        |   |   | 5,037        |   |   |   | - |   |
| Federal Home Loan Banks                |   |           | 5,052  |   |             |   | -      |        |   |   | 5,052        |   |   |   | - |   |
| Total securities available for sale    |   | $              | 62,631 |   |             | $      | -      |        |   | $      | 62,631       |   |   | $ | - |   |
| March 31, 2010:                        |   |           |   |   |             |   |   |        |   |   |         |   |   |   |   |   |
| Securities available for sale:         |   |           |   |   |             |   |   |        |   |   |         |   |   |   |   |   |
| Mortgage-backed securities:            |   |           |   |   |             |   |   |        |   |   |         |   |   |   |   |   |
| Federal Home Loan Mortgage Corporation |   | $              | 24,960 |   |             | $      | -      |        |   | $      | 24,960       |   |   | $ | - |   |
| Federal National Mortgage Association  |   |           | 32,121 |   |             |   | -      |        |   |   | 32,121       |   |   |   | - |   |
| U.S. Government agencies:              |   |           |   |   |             |   |   |        |   |   |         |   |   |   |   |   |
| Federal National Mortgage Association  |   |           | 15,062 |   |             |   | -      |        |   |   | 15,062       |   |   |   | - |   |
| Total securities available for sale    |   | $              | 72,143 |   |             | $      | -      |        |   | $      | 72,143       |   |   | $ | - |   |
|                                   |   |           |   |   |             |   |   |        |   |   |         |   |   |   |   |   |

|                |   |           |   |   |             |   |        |      |         |      |        |   |
|---------------------|--------|----------------|--------|--------|------------------|--------|-------------|-----------|--------------|-----------|-------------|--------|
|                |   |           |   |   | (Level 1)        |   |        | (Level 2) |         |      |        |   |
|                |   |           |   |   | Quoted Prices    |   | Significant |      |         | (Level 3) |        |
|                |   |           |   |   | in Active        |   |        | Other     |         |      | Significant |   |
|                |   | Carrying       |   |   | Markets for      |   | Observable  |      | Unobservable |      |
| Description         |   | Value          |   |   | Identical Assets |   | Inputs      |      |         | Inputs    |        |
|                |   | (In Thousands) |   |
| September 30, 2010: |   |           |   |   |             |   |        |      |         |      |        |   |
| Impaired Loans      |   | $              | 171    |   |             | $      | -           |      |         | $         | -           |   |   | $ | 171 |   |
| March 31, 2010:     |   |           |   |   |             |   |        |      |         |      |        |   |   |   |   |   |
| Impaired Loans      |   | $              | 436    |   |             | $      | -           |      |         | $         | 436         |   |   | $ | - |   |
|                |   |           |   |   |             |   |        |      |         |      |        |   |   |   |   |   |

----

----

|                                     |   | September 30, 2010 |    |   | March 31, 2010 |   |
|------------------------------------------|--------|--------------------|---------|--------|----------------|--------|
|                                     |   | Carrying           |    |   |           |   |   | Carrying |   |   |   |   |
|                                     |   | Value              |    |   | Fair Value     |   |   | Value |   |   | Fair Value |   |
| Financial assets:                        |   | (In Thousands)     |    |
| Cash and cash equivalents                |   | $                  | 59,447  |   |           | $      | 59,447 |   |   | $ | 33,461 |   |   | $ | 33,461 |   |
| Securities available for sale:           |   |               |    |   |           |   |   |   |   |   |   |   |   |   |   |   |
| Investment                               |   |               | 15,096  |   |           |   | 15,096 |   |   |   | 15,062 |   |   |   | 15,062 |   |
| Mortgage-backed                          |   |               | 47,535  |   |           |   | 47,535 |   |   |   | 57,081 |   |   |   | 57,081 |   |
| Securities held to maturity:             |   |               |    |   |           |   |   |   |   |   |   |   |   |   |   |   |
| Investment                               |   |               | 209,710 |   |           |   | 212,137 |   |   |   | 159,969 |   |   |   | 159,511 |   |
| Mortgage-backed                          |   |               | 292,773 |   |           |   | 308,068 |   |   |   | 275,801 |   |   |   | 285,536 |   |
| Net loans receivable                     |   |               | 459,655 |   |           |   | 474,723 |   |   |   | 477,516 |   |   |   | 485,068 |   |
| Federal Home Loan Bank of New York stock |   |               | 7,068   |   |           |   | 7,068 |   |   |   | 7,157 |   |   |   | 7,157 |   |
| Interest receivable                      |   |               | 4,277   |   |           |   | 4,277 |   |   |   | 4,377 |   |   |   | 4,377 |   |
| Financial liabilities:                   |   |               |    |   |           |   |   |   |   |   |   |   |   |   |   |   |
| Deposits                                 |   |               | 820,932 |   |           |   | 827,233 |   |   |   | 758,152 |   |   |   | 762,521 |   |
| FHLB advances                            |   |               | 119,992 |   |           |   | 131,859 |   |   |   | 123,737 |   |   |   | 132,070 |   |
| Interest payable                         |   |               | 457     |   |           |   | 457 |   |   |   | 471 |   |   |   | 471 |   |
|                                     |   |               |    |   |           |   |   |   |   |   |   |   |   |   |   |   |
|                                     |   |               |    |   |           |   |   |   |   |   |   |   |   |   |   |   |

----

----

----

----

----

----

----

----

----

----

----

|                                             |   |                   |    |   |     |   |   | OTS Requirements |   |
|--------------------------------------------------|--------|------------------------|---------|--------|----------|--------|--------|------------------|--------|
|                                             |   |                   |    |   |     |   |   | Minimum Capital  |   |   | For Classification as |   |
|                                             |   | Actual                 |    |   | Adequacy |   |   | Well-Capitalized |   |
|                                             |   | Amount                 |    |   | Ratio    |   |   | Amount           |   |   | Ratio |   |   | Amount |   |   | Ratio |   |
|                                             |   | (Dollars In Thousands) |    |   |     |   |   |             |   |   |   |   |   |   |   |
| As of September 30, 2010:                        |   |                   |    |   |     |   |   |             |   |   |   |   |   |   |   |   |   |   |
| Total capital (to risk-weighted assets)          |   | $                      | 160,479 |   |     |   | 41.36  | %                |   | $ | 31,039 |   |   |   | 8.00 | % |   | $ | 38,799 |   |   |   | 10.00 | % |
| Tier 1 capital (to risk-weighted assets)         |   |                   | 158,429 |   |     |   | 40.83  |             |   |   | 15,519 |   |   |   | 4.00 |   |   |   | 23,279 |   |   |   | 6.00 |   |
| Core (tier 1) capital (to adjusted total assets) |   |                   | 158,429 |   |     |   | 14.03  |             |   |   | 45,175 |   |   |   | 4.00 |   |   |   | 56,469 |   |   |   | 5.00 |   |
| Tangible capital (to adjusted tangible assets)   |   |                   | 158,429 |   |     |   | 14.03  |             |   |   | 16,941 |   |   |   | 1.50 |   |   |   | - |   |   |   | - |   |
| As of March 31, 2010:                            |   |                   |    |   |     |   |   |             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total capital (to risk-weighted assets)          |   | $                      | 155,990 |   |     |   | 41.45  | %                |   | $ | 30,103 |   |   |   | 8.00 | % |   | $ | 37,629 |   |   |   | 10.00 | % |
| Tier 1 capital (to risk-weighted assets)         |   |                   | 153,940 |   |     |   | 40.91  |             |   |   | 15,052 |   |   |   | 4.00 |   |   |   | 22,577 |   |   |   | 6.00 |   |
| Core (tier 1) capital (to adjusted total assets) |   |                   | 153,940 |   |     |   | 14.52  |             |   |   | 42,411 |   |   |   | 4.00 |   |   |   | 53,014 |   |   |   | 5.00 |   |
| Tangible capital (to adjusted tangible assets)   |   |                   | 153,940 |   |     |   | 14.52  |             |   |   | 15,904 |   |   |   | 1.50 |   |   |   | - |   |   |   | - |   |

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|                                                                                                     |   |                   |                |   |    |     |   |   |                    |   |   | Net Portfolio Value as % of |   |
|----------------------------------------------------------------------------------------------------------|--------|------------------------|---------------------|--------|---------|----------|--------|--------|-------------------------|--------|--------|-----------------------------|--------|
| Basis Point                                                                                              |   |                   | Net Portfolio Value |   |    |     |   |   | Present Value of Assets |   |
| Change in Rates (1)                                                                                      |   |                   | $ Amount            |   |    | $ Change |   |   | % Change                |   |   | NPV Ratio                   |   |   | Change |   |
|                                                                                                     |   | (Dollars in Thousands) |                |   |    |     |   |   |                    |   |   |                        |
|                                                                                                     |   |                   |                |   |    |     |   |   |                    |   |   |                        |   |   |   |   |
|                                                                                                     | 300    | bp                     |                | $      | 109,209 |     |   | $      | (64,661                 | )      |   |                        | (37    | )% |   |   | 10.59 | % |   |   | (472 | )bp |
|                                                                                                     | 200    |                   |                |   | 139,261 |     |   |   | (34,608                 | )      |   |                        | (20    | ) |   |   | 12.97 |   |   |   | (234 | ) |
|                                                                                                     | 100    |                   |                |   | 165,148 |     |   |   | (11,721                 | )      |   |                        | (7     | ) |   |   | 14.61 |   |   |   | (70 | ) |
|                                                                                                     | 0      |                   |                |   | 173,870 |     |   |   | -                       |   |   |                        | -      |   |   |   | 15.31 |   |   |   | - |   |
|                                                                                                     | (100   | )                      |                |   | 175,791 |     |   |   | 1,921                   |   |   |                        | 1      |   |   |   | 15.26 |   |   |   | (5 | ) |
|                                                                                                     |   |                   |                |   |    |     |   |   |                    |   |   |                        |   |   |   |   |   |   |   |   |   |   |
| (1) The -200 bp and -300 bp scenarios are not shown due to the low prevailing interest rate environment. |   |

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| (a)   | Unregistered Sale of Equity Securities. There were no sales of unregistered securities during the quarter ended September 30, 2010. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------|

| (b)  | Use of Proceeds. Not applicable. |
|-----------|---------------------------------------|

| (c)   | Repurchase of Our Equity Securities. There were no repurchases of our equity securities during the quarter ended September 30, 2010. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------|

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|         3.1   | Charter of Clifton Savings Bancorp, Inc. (1) |
|-----------------------------------------------------------------|----------------------------------------------|

|         3.2   | By-Laws of Clifton Savings Bancorp, Inc. (2) |
|-----------------------------------------------------------------|----------------------------------------------|

|   | 31.1 | Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith). |
|--------|------|----------------------------------------------------------------------------------------------------------------------|

|   | 31.2 | Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith). |
|--------|------|----------------------------------------------------------------------------------------------------------------------|

|   | 32.0 | Certification of Chief Executive Officer and Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (filed herewith). |
|--------|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | __________________________ |
|--------|----------------------------|

| (1)   | Incorporated herein by reference to the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2004, filed with the Securities and Exchange Commission on June 29, 2004 (File No. 000-50358). |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | Incorporated herein by reference to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on October 26, 2007. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                         | CLIFTON SAVINGS BANCORP, INC. |                                              |
|------------------------------|-------------------------------|---------------------------------------------------|
|                         |                          |                                              |   |
| Date:  November 9, 2010 | By:                           | /s/ John A. Celentano, Jr.                   |   |
|                         |                          | Chairman of the Board and Chief Executive Officer |   |
|                         |                          | (Principal Executive Officer)                     |   |
|                         |                          |                                              |   |

| Date:  November 9, 2010 | By:    | /s/ Christine R. Piano                             |   |
|------------------------------|--------|---------------------------------------------------------|--------|
|                         |   | Chief Financial Officer and Treasurer                   |   |
|                         |   | (Principal Financial and Chief Accounting Officer) |   |
|                         |   |                                                    |   |

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