|   | 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 Jurisdiction ofIncorporation or Organization)     |   | 34-1983738(I.R.S. 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 June 30, 2010 and March 31, 2010                                 |     | 1 |
|                                   |                                                                |     |   |
|                                   | Consolidated Statements of Income (Unaudited) For the Three         |     |   |
|                                   | Months Ended June 30, 2010 and 2009                                 |     | 2 |
|                                   |                                                                |     |   |
|                                   | Consolidated Statements of Comprehensive Income (Unaudited) For the |     |   |
|                                   | Three Months Ended June 30, 2010 and 2009                           |     | 3 |
|                                   |                                                                |     |   |
|                                   | Consolidated Statements of Cash Flows (Unaudited) For the           |     |   |
|                                   | Three Months Ended June 30, 2010 and 2009                           |     | 4 - 5 |
|                                   |                                                                |     |   |
|                                   | Notes to Consolidated Financial Statements                          |     | 6 - 15 |
|                                   |                                                                |     |   |
|     Item 2:        | Management’s Discussion and Analysis of                       |     |   |
|                                   | Financial Condition and Results of Operations                       |     | 16 - 22 |
|                                   |                                                                |     |   |
|     Item 3:        | Quantitative and Qualitative Disclosures About Market Risk          |     |  23 - 25 |
|                                   |                                                                |     |   |
|     Item 4:        | Controls and Procedures                                             |     | 26  |
|                                   |                                                                |     |   |
|                                   |                                                                |     |   |
| PART II - OTHER INFORMATION            |                                                                |     |
|                                   |                                                                |     |   |
|     Item 1:        | Legal Proceedings                                                   |     | 27 |
|      Item 1A: |  Risk Factors                                             |     |  27 |
|     Item 2:        | Unregistered Sales of Equity Securities and Use of Proceeds         |     | 28 |
|                                   |                                                                |     |   |
|     Item 3:        | Defaults Upon Senior Securities                                     |     | 28 |
|                                   |                                                                |     |   |
|     Item 4:        | (Removed and Reserved)                                              |     | 28 |
|                                   |                                                                |     |   |
|     Item 5:        | Other Information                                              |     | 28 |
|     Item 6:        | Exhibits                                                       |     | 29 |
|                                   |                                                                |     |   |
| SIGNATURES                             |                                                                | 30  |

----

|                                                                   |   | June 30, 2010 |      |   | March 31, 2010 |   |
|------------------------------------------------------------------------|--------|---------------|-----------|--------|----------------|--------|
| ASSETS                                                                 |   |          |      |   |           |   |
|                                                                   |   |          |      |   |           |   |
| Cash and due from banks                                                |   | $             | 32,256    |   |           | $      | 21,671 |   |
| Interest-bearing deposits in other banks                               |   |          | 10,903    |   |           |   | 11,790 |   |
| Cash and Cash Equivalents                                              |   |          | 43,159    |   |           |   | 33,461 |   |
| Securities available for sale, at fair value:                          |   |          |      |   |           |   |   |   |
| Investment                                                             |   |          | 15,156    |   |           |   | 15,062 |   |
| Mortgage-backed                                                        |   |          | 52,559    |   |           |   | 57,081 |   |
| Securities held to maturity, at cost:                                  |   |          |      |   |           |   |   |   |
| Investment, fair value of $184,816 and $159,511, respectively          |   |          | 183,307   |   |           |   | 159,969 |   |
| Mortgage-backed, fair value of $312,641 and $285,536, respectively     |   |          | 296,528   |   |           |   | 275,801 |   |
|                                                                   |   |          |      |   |           |   |   |   |
| Loans receivable                                                       |   |          | 473,454   |   |           |   | 479,566 |   |
| Allowance for loan losses                                              |   |          | (2,050    | )      |           |   | (2,050 | ) |
| Net Loans                                                              |   |          | 471,404   |   |           |   | 477,516 |   |
|                                                                   |   |          |      |   |           |   |   |   |
| Bank owned life insurance                                              |   |          | 26,053    |   |           |   | 22,835 |   |
| Premises and equipment                                                 |   |          | 9,498     |   |           |   | 9,612 |   |
| Federal Home Loan Bank of New York stock                               |   |          | 7,153     |   |           |   | 7,157 |   |
| Interest receivable                                                    |   |          | 4,185     |   |           |   | 4,377 |   |
| Other assets                                                           |   |          | 4,608     |   |           |   | 4,836 |   |
| Total Assets                                                           |   | $             | 1,113,610 |   |           | $      | 1,067,707 |   |
|                                                                   |   |          |      |   |           |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY                                   |   |          |      |   |           |   |   |   |
| Liabilities                                                            |   |          |      |   |           |   |   |   |
| Deposits:                                                              |   |          |      |   |           |   |   |   |
| Non-interest bearing                                                   |   | $             | 5,997     |   |           | $      | 6,828 |   |
| Interest bearing                                                       |   |          | 801,451   |   |           |   | 751,324 |   |
| Total Deposits                                                         |   |          | 807,448   |   |           |   | 758,152 |   |
|                                                                   |   |          |      |   |           |   |   |   |
| Advances from Federal Home Loan Bank of New York                       |   |          | 121,875   |   |           |   | 123,737 |   |
| Advance payments by borrowers for taxes and insurance                  |   |          | 5,316     |   |           |   | 5,193 |   |
| Other liabilities and accrued expenses                                 |   |          | 3,517     |   |           |   | 4,633 |   |
| Total Liabilities                                                      |   |          | 938,156   |   |           |   | 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 |   |          |      |   |           |
| June 30, 2010; 26,398,079 shares outstanding at March 31, 2010         |   |          | 305       |   |           |   | 305 |   |
| Paid-in capital                                                        |   |          | 135,567   |   |           |   | 135,921 |   |
| Deferred compensation obligation under Rabbi Trust                     |   |          | 237       |   |           |   | 233 |   |
| Retained earnings                                                      |   |          | 90,995    |   |           |   | 89,361 |   |
| Treasury stock, at cost; 4,393,222 shares at June 30, 2010;            |   |          |      |   |           |   |   |   |
| 4,132,391 shares at March 31, 2010                                     |   |          | (47,372   | )      |           |   | (45,050 | ) |
| Common stock acquired by Employee Stock Ownership                      |   |          |      |   |           |   |   |   |
| Plan ("ESOP")                                                          |   |          | (6,228    | )      |           |   | (6,411 | ) |
| Accumulated other comprehensive income                                 |   |          | 2,160     |   |           |   | 1,820 |   |
| Stock held by Rabbi Trust                                              |   |          | (210      | )      |           |   | (187 | ) |
| Total Stockholders' Equity                                             |   |          | 175,454   |   |           |   | 175,992 |   |
| Total Liabilities and Stockholders' Equity                             |   | $             | 1,113,610 |   |           | $      | 1,067,707 |   |
|                                                                   |   |          |      |   |           |   |   |   |

----

|                                                                             |   | Three Months Ended June 30, |       |
|----------------------------------------------------------------------------------|--------|-----------------------------|------------|
|                                                                             |   | 2010                        |       |   | 2009 |   |
| Interest Income:                                                                 |   |                        |       |   |   |   |
|      Loans                                                   |   | $                           | 5,986      |   |   | $ | 6,105 |   |
| Mortgage-backed securities                                                       |   |                        | 4,131      |   |   |   | 3,999 |   |
| Investments securities                                                           |   |                        | 1,255      |   |   |   | 703 |   |
| Other interest-earning assets                                                    |   |                        | 82         |   |   |   | 112 |   |
|  Total Interest Income                                                      |   |                        | 11,454     |   |   |   | 10,919 |   |
| Interest Expense:                                                                |   |                        |       |   |   |   |   |   |
| Deposits                                                                         |   |                        | 3,821      |   |   |   | 4,953 |   |
| Advances                                                                         |   |                        | 1,188      |   |   |   | 1,381 |   |
|  Total Interest Expense                                                     |   |                        | 5,009      |   |   |   | 6,334 |   |
|                                                                             |   |                        |       |   |   |   |   |   |
| Net Interest Income                                                              |   |                        | 6,445      |   |   |   | 4,585 |   |
| Provision for Loan Losses                                                        |   |                        | -          |   |   |   | 100 |   |
| Net Interest Income after Provision for Loan Losses                              |   |                        | 6,445      |   |   |   | 4,485 |   |
|                                                                             |   |                        |       |   |   |   |   |   |
| Non-Interest Income:                                                             |   |                        |       |   |   |   |   |   |
| Fees and service charges                                                         |   |                        | 48         |   |   |   | 58 |   |
| Bank owned life insurance                                                        |   |                        | 218        |   |   |   | 226 |   |
|     Other                                                         |   |                        | 7          |   |   |   | 6 |   |
|  Total Non-Interest Income                                                  |   |                        | 273        |   |   |   | 290 |   |
|                                                                             |   |                        |       |   |   |   |   |   |
| Non-Interest Expenses:                                                           |   |                        |       |   |   |   |   |   |
| Salaries and employee benefits                                                   |   |                        | 1,706      |   |   |   | 1,768 |   |
| Occupancy expense of premises                                                    |   |                        | 453        |   |   |   | 245 |   |
| Equipment                                                                        |   |                        | 254        |   |   |   | 222 |   |
| Directors' compensation                                                          |   |                        | 168        |   |   |   | 224 |   |
| Advertising                                                                      |   |                        | 76         |   |   |   | 57 |   |
|      Legal                                                   |   |                        | 34         |   |   |   | 52 |   |
| Federal deposit insurance premium                                                |   |                        | 215        |   |   |   | 632 |   |
|     Other                                                         |   |                        | 439        |   |   |   | 424 |   |
|  Total Non-Interest Expenses                                                |   |                        | 3,345      |   |   |   | 3,624 |   |
|                                                                             |   |                        |       |   |   |   |   |   |
| Income before Income Taxes                                                       |   |                        | 3,373      |   |   |   | 1,151 |   |
| Income Taxes                                                                     |   |                        | 1,203      |   |   |   | 307 |   |
| Net Income                                                                       |   | $                           | 2,170      |   |   | $ | 844 |   |
|                                                                             |   |                        |       |   |   |   |   |   |
| Net Income per Common Share:                                                     |   |                        |       |   |   |   |   |   |
|              Basic   |   | $                           | 0.08       |   |   | $ | 0.03 |   |
|              Diluted |   | $                           | 0.08       |   |   | $ | 0.03 |   |
|                                                                             |   |                        |       |   |   |   |   |   |
| Dividends per common share                                                       |   | $                           | 0.06       |   |   | $ | 0.05 |   |
|                                                                             |   |                        |       |   |   |   |   |   |
| Weighted Average Number of Common Shares and Common                              |   |                        |       |   |   |   |   |   |
|   Stock Equivalents Outstanding:                                       |   |                        |       |   |   |   |   |   |
|              Basic   |   |                        | 25,692,766 |   |   |   | 26,019,869 |   |
|              Diluted |   |                        | 25,692,766 |   |   |   | 26,084,403 |   |
|                                                                             |   |                        |       |   |   |   |   |   |

----

|                                                                       |   | Three Months Ended June 30, |   |
|----------------------------------------------------------------------------|--------|-----------------------------|--------|
|                                                                       |   | 2010                        |   |   | 2009 |   |
|                                                                       |   |                        |   |   |   |   |
| Net income                                                                 |   | $                           | 2,170  |   |   | $ | 844 |   |
|                                                                       |   |                        |   |   |   |   |   |   |
| Other comprehensive income (loss):                                         |   |                        |   |   |   |   |   |   |
| Gross unrealized holding gain (loss) on securities available for sale,     |   |                        |   |   |   |   |   |   |
|   net of income taxes (benefit) of $223 and $(157), respectively |   |                        | 335    |   |   |   | (236 | ) |
| Benefit plans, net of income taxes of $3 and $4, respectively              |   |                        | 5      |   |   |   | 7 |   |
| Other comprehensive income (loss)                                          |   |                        | 340    |   |   |   | (229 | ) |
| Comprehensive income                                                       |   | $                           | 2,510  |   |   | $ | 615 |   |
|                                                                       |   |                        |   |   |   |   |   |   |

----

|                                                                              |   | Three Months Ended June 30, |    |
|-----------------------------------------------------------------------------------|--------|-----------------------------|---------|
|                                                                              |   | 2010                        |    |   | 2009 |   |
| Cash flows from operating activities:                                             |   |                        |    |   |   |   |
| Net income                                                                        |   | $                           | 2,170   |   |   | $ | 844 |   |
| Adjustments to reconcile net income to net cash provided by operating activities: |   |                        |    |   |   |   |   |   |
| Depreciation and amortization of premises and equipment                           |   |                        | 125     |   |   |   | 109 |   |
| Net accretion of deferred fees and costs, premiums and discounts                  |   |                        | (86     | ) |   |   | (49 | ) |
| Amortization of component of net periodic pension cost                            |   |                        | 8       |   |   |   | 11 |   |
| Provision for loan losses                                                         |   |                        | -       |   |   |   | 100 |   |
| Decrease in interest receivable                                                   |   |                        | 192     |   |   |   | 392 |   |
| Deferred income tax benefit                                                       |   |                        | (40     | ) |   |   | (309 | ) |
| Decrease in other assets                                                          |   |                        | 41      |   |   |   | 43 |   |
| (Decrease) in accrued interest payable                                            |   |                        | (1      | ) |   |   | (1 | ) |
| (Decrease) increase in other liabilities                                          |   |                        | (1,115  | ) |   |   | 94 |   |
| (Increase) in cash surrender value of bank owned life insurance                   |   |                        | (218    | ) |   |   | (226 | ) |
| ESOP shares committed to be released                                              |   |                        | 170     |   |   |   | 195 |   |
| Restricted stock expense                                                          |   |                        | 5       |   |   |   | 264 |   |
| Stock option expense                                                              |   |                        | 17      |   |   |   | 40 |   |
| Increase in deferred compensation obligation under Rabbi Trust                    |   |                        | 4       |   |   |   | 6 |   |
| Net cash provided by operating activities                                         |   |                        | 1,272   |   |   |   | 1,513 |   |
|                                                                              |   |                        |    |   |   |   |   |   |
| 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                                     |   |                        | 5,007   |   |   |   | 7,325 |   |
| Investment securities held to maturity                                            |   |                        | 65,013  |   |   |   | 15,000 |   |
| Mortgage-backed securities held to maturity                                       |   |                        | 15,984  |   |   |   | 21,335 |   |
| Redemptions of Federal Home Loan Bank of New York stock                           |   |                        | 84      |   |   |   | 93 |   |
| Purchases of:                                                                     |   |                        |    |   |   |   |   |   |
| Investment securities available for sale                                          |   |                        | (10,000 | ) |   |   | (5,000 | ) |
| Investment securities held to maturity                                            |   |                        | (88,299 | ) |   |   | (15,000 | ) |
| Mortgage-backed securities held to maturity                                       |   |                        | (36,662 | ) |   |   | (34,942 | ) |
| Loans receivable                                                                  |   |                        | -       |   |   |   | (1,023 | ) |
| Bank owned life insurance                                                         |   |                        | (3,000  | ) |   |   | - |   |
| Premises and equipment                                                            |   |                        | (11     | ) |   |   | (400 | ) |
| Federal Home Loan Bank of New York stock                                          |   |                        | (80     | ) |   |   | (341 | ) |
| Net decrease in loans receivable                                                  |   |                        | 6,076   |   |   |   | 547 |   |
| Net cash used in investing activities                                             |   |                        | (35,888 | ) |   |   | (12,406 | ) |
|                                                                              |   |                        |    |   |   |   |   |   |

----

|                                                                   |   | Three Months Ended June 30, |   |
|------------------------------------------------------------------------|--------|-----------------------------|--------|
|                                                                   |   | 2010                        |   |   | 2009 |   |
| Cash flows from financing activities:                                  |   |                        |   |   |   |   |
| Net increase in deposits                                               |   | $                           | 49,296 |   |   | $ | 42,995 |   |
| Principal payments on advances from Federal Home Loan Bank of New York |   |                        | (1,862 | ) |   |   | (2,060 | ) |
| Net increase in payments by borrowers for taxes and insurance          |   |                        | 123    |   |   |   | 310 |   |
| Minority dividends paid                                                |   |                        | (536   | ) |   |   | (461 | ) |
| Purchase of treasury stock                                             |   |                        | (2,707 | ) |   |   | (248 | ) |
| Income tax benefit from stock based compensation                       |   |                        | -      |   |   |   | 2 |   |
| Net cash provided by financing activities                              |   |                        | 44,314 |   |   |   | 40,538 |   |
|                                                                   |   |                        |   |   |   |   |   |   |
| Net  increase in cash and cash equivalents                   |   |                        | 9,698  |   |   |   | 29,645 |   |
| Cash and cash equivalents - beginning                                  |   |                        | 33,461 |   |   |   | 51,126 |   |
| Cash and cash equivalents - ending                                     |   | $                           | 43,159 |   |   | $ | 80,771 |   |
|                                                                   |   |                        |   |   |   |   |   |   |
| Supplemental information:                                              |   |                        |   |   |   |   |   |   |
| Cash paid during the period for:                                       |   |                        |   |   |   |   |   |   |
| Interest on deposits and borrowings                                    |   | $                           | 5,010  |   |   | $ | 6,335 |   |
| Income taxes paid                                                      |   | $                           | 2,457  |   |   | $ | 1,162 |   |
|                                                                   |   |                        |   |   |   |   |   |   |

----

----

|                                    |   | Three Months Ended June 30, |   |
|-----------------------------------------|--------|-----------------------------|--------|
|                                    |   | 2010                        |   |   | 2009 |   |
|                                    |   | (In Thousands)              |   |
|                                    |   |                        |   |   |   |   |
| Service cost                            |   | $                           | 15     |   |   | $ | 20 |   |
| Interest cost                           |   |                        | 37     |   |   |   | 38 |   |
| Amortization of past service cost       |   |                        | 10     |   |   |   | 12 |   |
| Amortization of unrecognized net (gain) |   |                        | (2     | ) |   |   | (1 | ) |
|                                    |   |                        |   |   |   |   |   |   |
| Net periodic benefit cost               |   | $                           | 60     |   |   | $ | 69 |   |

----

|                                   |   | June 30, 2010  |    |
|----------------------------------------|--------|----------------|---------|
|                                   |   |           |    |   | Gross |   |   | Gross |   |   |   |   |
|                                   |   | Amortized      |    |   | Unrealized |   |   | Unrealized |   |   | Fair |   |
|                                   |   | Cost           |    |   | Gains |   |   | Losses |   |   | Value |   |
| Available for sale:                    |   | (In Thousands) |    |
| Federal Home Loan Mortgage Corporation |   | $              | 5,000   |   |   | $ | 31 |   |   | $ | - |   |   | $ | 5,031 |   |
| Federal National Mortgage Association  |   |           | 5,000   |   |   |   | 53 |   |   |   | - |   |   |   | 5,053 |   |
| Federal Home Loan Banks                |   |           | 5,000   |   |   |   | 72 |   |   |   | - |   |   |   | 5,072 |   |
|                                   |   | $              | 15,000  |   |   | $ | 156 |   |   | $ | - |   |   | $ | 15,156 |   |
|                                   |   |           |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Held to maturity:                      |   |           |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Federal Farm Credit Banks              |   | $              | 10,000  |   |   | $ | 73 |   |   | $ | - |   |   | $ | 10,073 |   |
| Federal Home Loan Banks                |   |           | 43,608  |   |   |   | 335 |   |   |   | 8 |   |   |   | 43,935 |   |
| Federal Home Loan Mortgage Corporation |   |           | 54,968  |   |   |   | 204 |   |   |   | 22 |   |   |   | 55,150 |   |
| Federal National Mortgage Association  |   |           | 74,731  |   |   |   | 940 |   |   |   | 13 |   |   |   | 75,658 |   |
|                                   |   | $              | 183,307 |   |   | $ | 1,552 |   |   | $ | 43 |   |   | $ | 184,816 |   |

|                                   |   | 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 |   |   | $ | 163 |   |   | $ | 40,003 |   |
| Federal Home Loan Banks                |   |           | 43,760  |   |   |   | 65 |   |   |   | 381 |   |   |   | 43,444 |   |
| Federal National Mortgage Association  |   |           | 76,209  |   |   |   | 115 |   |   |   | 260 |   |   |   | 76,064 |   |
|                                   |   |  $        | 159,969 |   |   | $ | 346 |   |   | $ | 804 |   |   |  $ | 159,511 |   |

----

|                             |   | June 30, 2010  |    |
|----------------------------------|--------|----------------|---------|
|                             |   | Amortized      |    |   | Fair |   |
|                             |   | Cost           |    |   | Value |   |
|                             |   | (In Thousands) |    |
| Available for sale:              |   |           |    |   |   |   |
| Due after one through five years |   | $              | 15,000  |   |   | $ | 15,156 |   |
|                             |   | $              | 15,000  |   |   | $ | 15,156 |   |
| Held to maturity:                |   |           |    |   |   |   |   |   |
| Due after one through five years |   | $              | 76,000  |   |   | $ | 76,969 |   |
| Due after five through ten years |   |           | 88,449  |   |   |   | 88,984 |   |
| Due after ten years              |   |           | 18,858  |   |   |   | 18,863 |   |
|                             |   | $              | 183,307 |   |   | $ | 184,816 |   |

|                                  |   | 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)      |   |
| June 30, 2010:                        |   |                |   |   |              |   |   |       |   |   |       |   |   |   |   |   |   |   |
|   U.S. Government agencies: |   |                |   |   |              |   |   |       |   |   |       |   |   |   |   |   |   |   |
| Held to maturity                      |   | $                   | 40,903 |   |              | $      | 43     |       |   | $      | -          |   |   | $ | - |   |   | $ | 40,903 |   |   | $ | 43 |   |
| March 31, 2010:                       |   |                |   |   |              |   |   |       |   |   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   U.S. Government agencies: |   |                |   |   |              |   |   |       |   |   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Held to maturity                      |   | $                   | 99,176 |   |              | $      | 804    |       |   | $      | -          |   |   | $ | - |   |   | $ | 99,176 |   |   | $ | 804 |   |

----

|                                   |   | June 30, 2010  |    |
|----------------------------------------|--------|----------------|---------|
|                                   |   |           |    |   | Gross |   |   | Gross |   |   |   |   |
|                                   |   | Amortized      |    |   | Unrealized |   |   | Unrealized |   |   | Fair |   |
|                                   |   | Cost           |    |   | Gains |   |   | Losses |   |   | Value |   |
|                                   |   | (In Thousands) |    |
| Available for sale:                    |   |           |    |   |   |   |   |   |   |   |   |   |
| Federal Home Loan Mortgage Corporation |   | $              | 21,826  |   |   | $ | 1,624 |   |   | $ | - |   |   | $ | 23,450 |   |
| Federal National Mortgage Association  |   |           | 27,127  |   |   |   | 1,982 |   |   |   | - |   |   |   | 29,109 |   |
|                                   |   | $              | 48,953  |   |   | $ | 3,606 |   |   | $ | - |   |   | $ | 52,559 |   |
| Held to maturity:                      |   |           |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Federal Home Loan Mortgage Corporation |   | $              | 117,209 |   |   | $ | 7,480 |   |   | $ | - |   |   | $ | 124,689 |   |
| Federal National Mortgage Association  |   |           | 121,593 |   |   |   | 6,166 |   |   |   | - |   |   |   | 127,759 |   |
| Governmental National Mortgage         |   |           |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Association                            |   |           | 57,726  |   |   |   | 2,467 |   |   |   | - |   |   |   | 60,193 |   |
|                                   |   | $              | 296,528 |   |   | $ | 16,113 |   |   | $ | - |   |   | $ | 312,641 |   |

|                                   |   | 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 |   |
| Governmental National Mortgage         |   |           |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Association                            |   |           | 59,277  |   |   |   | 980 |   |   |   | 4 |   |   |   | 60,253 |   |
|                                   |   | $              | 275,801 |   |   | $ | 9,977 |   |   | $ | 242 |   |   | $ | 285,536 |   |

|                             |   | June 30, 2010  |    |
|----------------------------------|--------|----------------|---------|
|                             |   | Amortized      |    |   |   |   |
|                             |   | Cost           |    |   | Fair Value |   |
|                             |   | (In Thousands) |    |
| Available for sale:              |   |           |    |   |   |   |
| Due after five through ten years |   | $              | 12,314  |   |   | $ | 13,204 |   |
| Due after ten years              |   |           | 36,639  |   |   |   | 39,355 |   |
|                             |   | $              | 48,953  |   |   | $ | 52,559 |   |
| Held to maturity:                |   |           |    |   |   |   |   |   |
| Due within one year              |   | $              | 19      |   |   | $ | 19 |   |
| Due after one through five years |   |           | 130     |   |   |   | 140 |   |
| Due after five through ten years |   |           | 16,656  |   |   |   | 17,780 |   |
| Due after ten years              |   |           | 279,723 |   |   |   | 294,702 |   |
|                             |   | $              | 296,528 |   |   | $ | 312,641 |   |

----

|                                       |   | 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     |   | $                   | 9,950  |   |              | $      | 69     |       |   | $      | -          |   |   | $ | - |   |   | $ | 9,950 |   |   | $ | 69 |   |
| Federal National Mortgage Association      |   |                | 24,460 |   |              |   | 168    |       |   |   | 90         |   |   |   | 1 |   |   |   | 24,550 |   |   |   | 169 |   |
| Governmental 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       |   |
| June 30, 2010:                         |   | (In Thousands) |   |
| Securities available for sale:         |   |           |   |   |             |   |   |        |   |   |         |   |
| Mortgage-backed securities:            |   |           |   |   |             |   |   |        |   |   |         |   |
| Federal Home Loan Mortgage Corporation |   | $              | 23,450 |   |             | $      | -      |        |   | $      | 23,450       |   |   | $ | - |   |
| Federal National Mortgage Association  |   |           | 29,109 |   |             |   | -      |        |   |   | 29,109       |   |   |   | - |   |
| U.S. Government agencies               |   |           | 15,156 |   |             |   | -      |        |   |   | 15,156       |   |   |   | - |   |
| Total securities available for sale    |   | $              | 67,715 |   |             | $      | -      |        |   | $      | 67,715       |   |   | $ | - |   |
| 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               |   |           | 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) |   |
| June 30, 2010:  |   |           |   |   |             |   |        |      |         |      |        |   |
| Impaired Loans  |   | $              | -      |   |             | $      | -           |      |         | $         | -           |   |   | $ | - |   |
| March 31, 2010: |   |           |   |   |             |   |        |      |         |      |        |   |   |   |   |   |
| Impaired Loans  |   | $              | 436    |   |             | $      | -           |      |         | $         | 436         |   |   | $ | - |   |

----

----

|                                     |   | June 30, 2010  |    |   | March 31, 2010 |   |
|------------------------------------------|--------|----------------|---------|--------|----------------|--------|
|                                     |   | Carrying       |    |   | Estimated      |   |   | Carrying |   |   | Estimated |   |
|                                     |   | Value          |    |   | Fair Value     |   |   | Value |   |   | Fair Value |   |
| Financial assets:                        |   | (In Thousands) |    |
| Cash and cash equivalents                |   | $              | 43,159  |   |           | $      | 43,159 |   |   | $ | 33,461 |   |   | $ | 33,461 |   |
| Securities available for sale:           |   |           |    |   |           |   |   |   |   |   |   |   |   |   |   |   |
| Investment                               |   |           | 15,156  |   |           |   | 15,156 |   |   |   | 15,062 |   |   |   | 15,062 |   |
| Mortgage-backed                          |   |           | 52,559  |   |           |   | 52,559 |   |   |   | 57,081 |   |   |   | 57,081 |   |
| Securities held to maturity:             |   |           |    |   |           |   |   |   |   |   |   |   |   |   |   |   |
| Investment                               |   |           | 183,307 |   |           |   | 184,816 |   |   |   | 159,969 |   |   |   | 159,511 |   |
| Mortgage-backed                          |   |           | 296,528 |   |           |   | 312,641 |   |   |   | 275,801 |   |   |   | 285,536 |   |
| Net loans receivable                     |   |           | 471,404 |   |           |   | 482,685 |   |   |   | 477,516 |   |   |   | 485,068 |   |
| Federal Home Loan Bank of New York stock |   |           | 7,153   |   |           |   | 7,153 |   |   |   | 7,157 |   |   |   | 7,157 |   |
| Interest receivable                      |   |           | 4,185   |   |           |   | 4,185 |   |   |   | 4,377 |   |   |   | 4,377 |   |
| Financial liabilities:                   |   |           |    |   |           |   |   |   |   |   |   |   |   |   |   |   |
| Deposits                                 |   |           | 807,448 |   |           |   | 812,395 |   |   |   | 758,152 |   |   |   | 762,521 |   |
| FHLB advances                            |   |           | 121,875 |   |           |   | 132,027 |   |   |   | 123,737 |   |   |   | 132,070 |   |
| Interest payable                         |   |           | 470     |   |           |   | 470 |   |   |   | 471 |   |   |   | 471 |   |

----

----

----

----

----

----

----

----

|                                            |   |                   |    |   |     |   |   | OTS Requirements |   |
|-------------------------------------------------|--------|------------------------|---------|--------|----------|--------|--------|------------------|--------|
|                                            |   |                   |    |   |     |   |   | Minimum Capital  |   |   | For Classification as |   |
|                                            |   | Actual                 |    |   | Adequacy |   |   | Well-Capitalized |   |
|                                            |   | Amount                 |    |   | Ratio    |   |   | Amount           |   |   | Ratio |   |   | Amount |   |   | Ratio |   |
|                                            |   | (Dollars In Thousands) |    |
|                                            |   |                   |    |   |     |   |   |             |   |   |   |   |   |   |   |   |   |   |
| Total capital                                   |   |                   |    |   |     |   |   |             |   |   |   |   |   |   |   |   |   |   |
|    (to risk-weighted assets)     |   | $                      | 158,045 |   |     |   | 40.87  | %                |   | $ | 30,933 |   |   |   | 8.00 | % |   | $ | 38,667 |   |   |   | 10.00 | % |
| Tier 1 capital                                  |   |                   |    |   |     |   |   |             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    (to risk-weighted assets)     |   |                   | 155,995 |   |     |   | 40.34  |             |   |   | 15,467 |   |   |   | 4.00 |   |   |   | 23,200 |   |   |   | 6.00 |   |
| Core (tier 1) capital                           |   |                   |    |   |     |   |   |             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    (to adjusted total assets)    |   |                   | 155,995 |   |     |   | 14.09  |             |   |   | 44,277 |   |   |   | 4.00 |   |   |   | 55,346 |   |   |   | 5.00 |   |
| Tangible capital                                |   |                   |    |   |     |   |   |             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    (to adjusted tangible assets) |   |                   | 155,995 |   |     |   | 14.09  |             |   |   | 16,604 |   |   |   | 1.50 |   |   |   | - |   |   |   | - |   |
|                                            |   |                   |    |   |     |   |   |             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

----

|                                                                                                     |                   |                                                          |   |                                                                                  |    |                                                                      |                    |      | 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                                                                     |                   |  $        82,493 |   |  $  (86,775                                                            | )  |         (51)                      | %                       |      | 8.65                        | %      |   |              (705) | bp |
| 200                                                                                                      |                   |          115,223 |   |      (54,045                                                 | )  |         (32)                      |                    |      | 11.55                       |   |   |              (415) |   |
| 100                                                                                                      |                   |          145,532 |   |      (23,736                                                 | )  |         (14)                      |                    |      | 13.99                       |   |   |              (171) |   |
| 0                                                                                                        |                   |          169,268 |   |               - |    |            -       |                    |      | 15.70                       |   |   |                  - |   |
| (100)                                                                                                    |                   |          179,241 |   |          9,972                           |    |             6 |                    |      | 16.27                       |   |   |                 57 |   |
|                                                                                                     |                   |                                                          |   |                                                                                  |    |                                                                      |                    |      |                        |   |   |   |   |
| (1) The -200 bp and -300 bp scenarios are not shown due to the low prevailing interest rate environment. |                   |                                                          |   |

----

----

----

----

|                                                                                                                                        |   | TotalNumber of |    | Average   |       |   | Total Numberof SharesPurchased asPart of Publicly |           | MaximumNumber of SharesThat May Yet BePurchased Under |         |
|---------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------|---------|-----------|------------|--------|--------------------------------------------------------|----------------|-------------------------------------------------------|--------------|
|                                                                                                                                        |   | Shares         |    |      | Price Paid |   |                                                   | Announced Plan |                                                  | the Plans or |   |
| Period                                                                                                                                      |   | Purchased (1)  |    | Per Share |       |   | or Programs                                            |           | Programs                                              |         |
|                                                                                                                                        |   |           |    |      |       |   |                                                   |           |                                                  |         |   |   |
| April 1 - April 30, 2010                                                                                                                    |   |           | 10,108  |      |       | $      | 9.56                                                   |           |                                                  |         | 10,108 |   |   |   | 287,892 |   |
| May 1 - May 31, 2010                                                                                                                        |   |           | 111,902 |      |       |   | 9.23                                                   |           |                                                  |         | 111,902 |   |   |   | 175,990 |   |
| June 1 - June 30, 2010                                                                                                                      |   |           | 175,990 |      |       |   | 8.96                                                   |           |                                                  |         | 175,990 |   |   |   | - |   |
| Total                                                                                                                                       |   |           | 298,000 |      |       | $      | 9.08                                                   |           |                                                  |         | 298,000 |   |   |   |   |   |
| _______________________                                                                                                                |   |           |    |      |       |   |                                                   |           |                                                  |         |   |   |   |   |   |   |
| (1)  On March 3, 2010, the Company announced that the Board of Directors had approved its ninth stock                                  |   |
|       repurchase program authorizing the Company to repurchase up to 300,000 shares of the Company's common stock. |   |

----

|         3.1   | Certificate of Incorporation 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, 2008. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

----

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

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

----