----

----

|                                                   |   |
|--------------------------------------------------------|--------|
| CHEVIOT FINANCIAL CORP.                                |
| (Exact name of registrant as specified in its charter) |

|  Federal                         |                   | 56-2423720 |   |
|---------------------------------------|------------------------|------------|--------|
| (State or other jurisdiction of  | (I.R.S. Employer       |       |
| incorporation or organization)        | Identification Number) |

| 3723 Glenmore Avenue, Cincinnati, Ohio  45211 |
|---------------------------------------------------------|
| (Address of principal executive office)                 |

----

|       |   |                                                                                        | Page   |
|------------|--------|---------------------------------------------------------------------------------------------|--------|
|       |   |                                                                                        |   |
| PART I     | -      | FINANCIAL INFORMATION                                                                       |   |
|       |   |                                                                                        |   |
|       |   | Consolidated Statements of Financial Condition                                              | 3      |
|       |   |                                                                                        |   |
|       |   | Consolidated Statements of Earnings                                                         | 4      |
|       |   |                                                                                        |   |
|       |   | Consolidated Statements of Comprehensive Income                                             | 5      |
|       |   |                                                                                        |   |
|       |   | Consolidated Statements of Cash Flows                                                       | 6      |
|       |   |                                                                                        |   |
|       |   | Notes to Consolidated Financial Statements                                                  | 8      |
|       |   |                                                                                        |   |
|       |   | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 23     |
|       |   |                                                                                        |   |
|       |   | Quantitative and Qualitative Disclosures about Market Risk                                  | 31     |
|       |   |                                                                                        |   |
|       |   | Controls and Procedures                                                                     | 31     |
|       |   |                                                                                        |   |
| PART II    | -      | OTHER INFORMATION                                                                           | 32     |
|       |   |                                                                                        |   |
| SIGNATURES |   |                                                                                        | 34     |

----

|                                                                                                                                                                                                        |   | September 30, |    |   | December 31, |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------|---------|--------|--------------|--------|
|                                                                                                                                                                                                        |   | 2010          |    |   | 2009         |   |
|                                                                                                                                                                                                        |   | (Unaudited)   |    |   |         |   |
|                                                                                                                                                                                                        |   |          |    |   |         |   |
| ASSETS                                                                                                                                                                                                      |   |          |    |   |         |   |
|                                                                                                                                                                                                        |   |          |    |   |         |   |
| Cash and due from banks                                                                                                                                                                                     |   | $             | 4,058   |   |         | $      | 3,217 |   |
| Federal funds sold                                                                                                                                                                                          |   |          | 17,511  |   |         |   | 4,582 |   |
| Interest-earning deposits in other financial institutions                                                                                                                                                   |   |          | 5,827   |   |         |   | 3,484 |   |
| Cash and cash equivalents                                                                                                                                                                                   |   |          | 27,396  |   |         |   | 11,283 |   |
|                                                                                                                                                                                                        |   |          |    |   |         |   |   |   |
| Investment securities available for sale - at fair value                                                                                                                                                    |   |          | 61,431  |   |         |   | 55,851 |   |
| Mortgage-backed securities available for sale - at fair value                                                                                                                                               |   |          | 4,431   |   |         |   | 4,920 |   |
| Mortgage-backed securities held to maturity - at cost, approximate market value of $5,128 and $5,816 at September 30, 2010 and December 31, 2009, respectively                                              |   |          | 5,005   |   |         |   | 5,744 |   |
| Loans receivable - net                                                                                                                                                                                      |   |          | 231,498 |   |         |   | 245,905 |   |
| Loans held for sale – at lower of cost or market                                                                                                                                                      |   |          | 4,144   |   |         |   | 1,097 |   |
| Real estate acquired through foreclosure - net                                                                                                                                                              |   |          | 1,669   |   |         |   | 2,048 |   |
| Office premises and equipment - at depreciated cost                                                                                                                                                         |   |          | 4,683   |   |         |   | 4,889 |   |
| Federal Home Loan Bank stock - at cost                                                                                                                                                                      |   |          | 3,375   |   |         |   | 3,369 |   |
| Accrued interest receivable on loans                                                                                                                                                                        |   |          | 1,010   |   |         |   | 1,074 |   |
| Accrued interest receivable on mortgage-backed securities                                                                                                                                                   |   |          | 26      |   |         |   | 36 |   |
| Accrued interest receivable on investments and interest-earning deposits                                                                                                                                    |   |          | 332     |   |         |   | 322 |   |
| Prepaid expenses and other assets                                                                                                                                                                           |   |          | 1,636   |   |         |   | 1,591 |   |
| Bank-owned life insurance                                                                                                                                                                                   |   |          | 3,757   |   |         |   | 3,653 |   |
| Prepaid federal income taxes                                                                                                                                                                                |   |          | 188     |   |         |   | 78 |   |
|                                                                                                                                                                                                        |   |          |    |   |         |   |   |   |
| Total assets                                                                                                                                                                                                |   | $             | 350,581 |   |         | $      | 341,860 |   |
|                                                                                                                                                                                                        |   |          |    |   |         |   |   |   |
| LIABILITIES AND SHAREHOLDERS’ EQUITY                                                                                                                                                                  |   |          |    |   |         |   |   |   |
|                                                                                                                                                                                                        |   |          |    |   |         |   |   |   |
| Deposits                                                                                                                                                                                                    |   | $             | 247,781 |   |         | $      | 235,904 |   |
| Advances from the Federal Home Loan Bank                                                                                                                                                                    |   |          | 28,703  |   |         |   | 33,672 |   |
| Advances by borrowers for taxes and insurance                                                                                                                                                               |   |          | 1,020   |   |         |   | 1,501 |   |
| Accrued interest payable                                                                                                                                                                                    |   |          | 100     |   |         |   | 136 |   |
| Accounts payable and other liabilities                                                                                                                                                                      |   |          | 1,660   |   |         |   | 1,625 |   |
| Deferred federal income taxes                                                                                                                                                                               |   |          | 768     |   |         |   | 272 |   |
| Total liabilities                                                                                                                                                                                           |   |          | 280,032 |   |         |   | 273,110 |   |
|                                                                                                                                                                                                        |   |          |    |   |         |   |   |   |
| Shareholders’ equity                                                                                                                                                                                  |   |          |    |   |         |   |   |   |
| Preferred stock - authorized 5,000,000 shares, $.01 par value; none issued Common stock - authorized 30,000,000 shares, $.01 par value; 9,918,751 shares issued at September 30, 2010 and December 31, 2009 |   |          | 99      |   |         |   | 99 |   |
| Additional paid-in capital                                                                                                                                                                                  |   |          | 43,880  |   |         |   | 43,819 |   |
| Shares acquired by stock benefit plans                                                                                                                                                                      |   |          | (1,659  | )      |         |   | (2,069 | ) |
| Treasury stock - at cost, 1,053,843 and 1,050,045 shares at September 30, 2010 and December 31, 2009, respectively                                                                                          |   |          | (12,859 | )      |         |   | (12,828 | ) |
| Retained earnings - restricted                                                                                                                                                                              |   |          | 40,751  |   |         |   | 40,109 |   |
| Accumulated comprehensive gain (loss), unrealized gains (losses) on securities available for sale, net of related tax effects (benefits)                                                                    |   |          | 337     |   |         |   | (380 | ) |
| Total shareholders’ equity                                                                                                                                                                            |   |          | 70,549  |   |         |   | 68,750 |   |
|                                                                                                                                                                                                        |   |          |    |   |         |   |   |   |
| Total liabilities and shareholders’ equity                                                                                                                                                            |   | $             | 350,581 |   |         | $      | 341,860 |   |

----

|                                                     |   | Nine months ended |   |   | Three months ended |   |
|----------------------------------------------------------|--------|-------------------|--------|--------|--------------------|--------|
|                                                     |   | September 30,     |   |   | September 30,      |   |
|                                                     |   | 2010              |   |   | 2009               |   |   | 2010 |   |   | 2009 |   |
|                                                     |   | (Unaudited)       |   |
| Interest income                                          |   |              |   |   |               |   |   |   |   |   |   |   |
| Loans                                                    |   | $                 | 10,214 |   |               | $      | 11,103 |   |   | $ | 3,301 |   |   | $ | 3,577 |   |
| Mortgage-backed securities                               |   |              | 228    |   |               |   | 342 |   |   |   | 66 |   |   |   | 110 |   |
| Investment securities                                    |   |              | 1,285  |   |               |   | 1,038 |   |   |   | 436 |   |   |   | 384 |   |
| Interest-earning deposits and other                      |   |              | 115    |   |               |   | 35 |   |   |   | 38 |   |   |   | 10 |   |
| Total interest income                                    |   |              | 11,842 |   |               |   | 12,518 |   |   |   | 3,841 |   |   |   | 4,081 |   |
|                                                     |   |              |   |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Interest expense                                         |   |              |   |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Deposits                                                 |   |              | 2,629  |   |               |   | 3,805 |   |   |   | 844 |   |   |   | 1,169 |   |
| Borrowings                                               |   |              | 1,004  |   |               |   | 1,350 |   |   |   | 286 |   |   |   | 422 |   |
| Total interest expense                                   |   |              | 3,633  |   |               |   | 5,155 |   |   |   | 1,130 |   |   |   | 1,591 |   |
|                                                     |   |              |   |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Net interest income                                      |   |              | 8,209  |   |               |   | 7,363 |   |   |   | 2,711 |   |   |   | 2,490 |   |
|                                                     |   |              |   |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Provision for losses on loans                            |   |              | 250    |   |               |   | 803 |   |   |   | 150 |   |   |   | 351 |   |
|                                                     |   |              |   |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Net interest income after provision for losses on loans  |   |              | 7,959  |   |               |   | 6,560 |   |   |   | 2,561 |   |   |   | 2,139 |   |
|                                                     |   |              |   |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Other income (expense)                                   |   |              |   |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Rental                                                   |   |              | 48     |   |               |   | 38 |   |   |   | 17 |   |   |   | 13 |   |
| Gain on sale of loans                                    |   |              | 389    |   |               |   | 319 |   |   |   | 306 |   |   |   | 47 |   |
| Loss on sale of real estate acquired through foreclosure |   |              | (23    | )      |               |   | (54 | ) |   |   | (1 | ) |   |   | (5 | ) |
| Earnings on bank-owned life insurance                    |   |              | 104    |   |               |   | 103 |   |   |   | 35 |   |   |   | 34 |   |
| Other operating                                          |   |              | 324    |   |               |   | 247 |   |   |   | 116 |   |   |   | 90 |   |
| Total other income                                       |   |              | 842    |   |               |   | 653 |   |   |   | 473 |   |   |   | 179 |   |
|                                                     |   |              |   |   |               |   |   |   |   |   |   |   |   |   |   |   |
| General, administrative and other expense                |   |              |   |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Employee compensation and benefits                       |   |              | 3,286  |   |               |   | 3,384 |   |   |   | 1,034 |   |   |   | 1,100 |   |
| Occupancy and equipment                                  |   |              | 503    |   |               |   | 429 |   |   |   | 180 |   |   |   | 147 |   |
| Property, payroll and other taxes                        |   |              | 732    |   |               |   | 745 |   |   |   | 233 |   |   |   | 235 |   |
| Data processing                                          |   |              | 175    |   |               |   | 257 |   |   |   | 63 |   |   |   | 73 |   |
| Legal and professional                                   |   |              | 469    |   |               |   | 316 |   |   |   | 233 |   |   |   | 97 |   |
| Advertising                                              |   |              | 150    |   |               |   | 150 |   |   |   | 50 |   |   |   | 50 |   |
| FDIC expense                                             |   |              | 214    |   |               |   | 194 |   |   |   | 67 |   |   |   | 38 |   |
| Other operating                                          |   |              | 596    |   |               |   | 570 |   |   |   | 201 |   |   |   | 143 |   |
| Total general, administrative and other expense          |   |              | 6,125  |   |               |   | 6,045 |   |   |   | 2,061 |   |   |   | 1,883 |   |
|                                                     |   |              |   |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Earnings before income taxes                             |   |              | 2,676  |   |               |   | 1,168 |   |   |   | 973 |   |   |   | 435 |   |
|                                                     |   |              |   |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Federal income taxes (benefit)                           |   |              |   |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Current                                                  |   |              | 785    |   |               |   | 401 |   |   |   | 254 |   |   |   | 219 |   |
| Deferred                                                 |   |              | 127    |   |               |   | 9 |   |   |   | 36 |   |   |   | (25 | ) |
| Total federal income taxes                               |   |              | 912    |   |               |   | 410 |   |   |   | 290 |   |   |   | 194 |   |
|                                                     |   |              |   |   |               |   |   |   |   |   |   |   |   |   |   |   |
| NET EARNINGS                                             |   | $                 | 1,764  |   |               | $      | 758 |   |   | $ | 683 |   |   | $ | 241 |   |
|                                                     |   |              |   |   |               |   |   |   |   |   |   |   |   |   |   |   |
| EARNINGS PER SHARE                                       |   |              |   |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Basic                                                    |   | $                 | .20    |   |               | $      | .09 |   |   | $ | .08 |   |   | $ | .03 |   |
|                                                     |   |              |   |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Diluted                                                  |   | $                 | .20    |   |               | $      | .09 |   |   | $ | .08 |   |   | $ | .03 |   |
|                                                     |   |              |   |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Dividends per common share                               |   | $                 | .33    |   |               | $      | .30 |   |   | $ | .11 |   |   | $ | .10 |   |

----

|                                                                                                                                                                                                                                            |   |                |   |   |                 |   |     |   |   |   |   |   |   |   |   |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------|--------|--------|----------------------|--------|----------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
|                                                                                                                                                                                                                                            |   | For the nine months |   |   | For the three months |   |
|                                                                                                                                                                                                                                            |   | ended September 30, |   |   | ended September 30,  |   |
|                                                                                                                                                                                                                                            |   | 2010                |   |   | 2009                 |   |     | 2010   |   |   | 2009   |   |
|                                                                                                                                                                                                                                            |   |                |   |   |                 |   |     |   |   |   |   |   |
| Net earnings for the period                                                                                                                                                                                                                     |   | $                   | 1,764  |   |                 | $      | 758      |   |   | $      | 683    |   |   | $      | 241    |   |
| Other comprehensive income, net of tax:                                                                                                                                                                                                         |   |                |   |   |                 |   |     |   |   |   |   |   |   |   |   |   |
| Unrealized holding gains on securities during the period, net of tax of $369 and $107 for the nine months ended September 30, 2010 and 2009, respectively, and $53 and $97 for the three months ended September 30, 2010 and 2009, respectively |   |                | 717    |   |                 |   | 207      |   |   |   | 102    |   |   |   | 188    |   |
|                                                                                                                                                                                                                                            |   |                |   |   |                 |   |     |   |   |   |   |   |   |   |   |   |
| Comprehensive income                                                                                                                                                                                                                            |   | $                   | 2,481  |   |                 | $      | 965      |   |   | $      | 785    |   |   | $      | 429    |   |
|                                                                                                                                                                                                                                            |   |                |   |   |                 |   |     |   |   |   |   |   |   |   |   |   |
| Accumulated comprehensive income                                                                                                                                                                                                                |   | $                   | 337    |   |                 | $      |  66 |   |   | $      | 337    |   |   | $      | 66     |   |

----

|                                                                                     |   | 2010        |    |   | 2009   |   |
|------------------------------------------------------------------------------------------|--------|-------------|---------|--------|--------|--------|
|                                                                                     |   | (Unaudited) |    |
| Cash flows from operating activities:                                                    |   |        |    |   |   |   |
| Net earnings for the period                                                              |   | $           | 1,764   |   |   | $      | 758 |   |
| Adjustments to reconcile net earnings to net cash provided by operating activities:      |   |        |    |   |   |   |   |   |
| Amortization of premiums and discounts on investment and mortgage-backed securities, net |   |        | 21      |   |   |   | 15 |   |
| Depreciation                                                                             |   |        | 240     |   |   |   | 234 |   |
| Amortization of deferred loan origination fees - net                                     |   |        | 39      |   |   |   | (20 | ) |
| Proceeds from sale of loans in the secondary market                                      |   |        | 15,354  |   |   |   | 19,405 |   |
| Loans originated for sale in the secondary market                                        |   |        | (18,104 | )      |   |   | (19,086 | ) |
| Gain on sale of loans                                                                    |   |        | (389    | )      |   |   | (319 | ) |
| Loss on sale of real estate acquired through foreclosure                                 |   |        | 23      |   |   |   | 54 |   |
| Impairment on real estate acquired through foreclosure                                   |   |        | 102     |   |   |   | - |   |
| Net charge-offs of loans receivable                                                      |   |        | (47     | )      |   |   | - |   |
| Federal Home Loan Bank stock dividends                                                   |   |        | (6      | )      |   |   | - |   |
| Provision for losses on loans                                                            |   |        | 250     |   |   |   | 803 |   |
| Net increase in cash surrender value of bank-owned life insurance                        |   |        | (104    | )      |   |   | (102 | ) |
| Amortization of expense related to stock benefit plans                                   |   |        | 380     |   |   |   | 363 |   |
| Increase (decrease) in cash due to changes in:                                           |   |        |    |   |   |   |   |   |
| Accrued interest receivable on loans                                                     |   |        | 64      |   |   |   | 48 |   |
| Accrued interest receivable on mortgage-backed securities                                |   |        | 10      |   |   |   | (6 | ) |
| Accrued interest receivable on investments and interest-earning deposits                 |   |        | (10     | )      |   |   | 71 |   |
| Prepaid expenses and other assets                                                        |   |        | (45     | )      |   |   | (499 | ) |
| Accounts payable and other liabilities                                                   |   |        | 35      |   |   |   | 753 |   |
| Accrued interest payable                                                                 |   |        | (36     | )      |   |   | (25 | ) |
| Federal income taxes                                                                     |   |        |    |   |   |   |   |   |
| Current                                                                                  |   |        | (110    | )      |   |   | 70 |   |
| Deferred                                                                                 |   |        | 127     |   |   |   | 9 |   |
| Net cash used in (provided by) operating activities                                      |   |        | (442    | )      |   |   | 2,526 |   |
|                                                                                     |   |        |    |   |   |   |   |   |
| Cash flows used in investing activities:                                                 |   |        |    |   |   |   |   |   |
| Principal repayments on loans                                                            |   |        | 37,861  |   |   |   | 58,684 |   |
| Loan disbursements                                                                       |   |        | (23,785 | )      |   |   | (42,787 | ) |
| Loans purchased                                                                          |   |        | -       |   |   |   | (1,700 | ) |
| Purchase of investment securities – available for sale                             |   |        | (76,670 | )      |   |   | (55,940 | ) |
| Proceeds from maturity of investment securities – available for sale               |   |        | 72,101  |   |   |   | 30,565 |   |
| Proceeds from maturity of investment securities – held to maturity                 |   |        | -       |   |   |   | 7,000 |   |
| Purchase of mortgage-backed securities – available for sale                        |   |        | -       |   |   |   | (5,267 | ) |
| Principal repayments on mortgage-backed securities – available for sale            |   |        | 542     |   |   |   | 755 |   |
| Principal repayments on mortgage-backed securities – held to maturity              |   |        | 740     |   |   |   | 911 |   |
| Proceeds from sale of real estate acquired through foreclosure                           |   |        | 531     |   |   |   | 268 |   |
| Additions to real estate acquired through foreclosure                                    |   |        | (96     | )      |   |   | (236 | ) |
| Proceeds from sale of office premises and equipment                                      |   |        | -       |   |   |   | 1 |   |
| Purchase of office premises and equipment                                                |   |        | (34     | )      |   |   | (211 | ) |
| Net cash provided by (used in) investing activities                                      |   |        | 11,190  |   |   |   | (7,957 | ) |

----

|                                                          |   | 2010        |    |   | 2009   |   |
|---------------------------------------------------------------|--------|-------------|---------|--------|--------|--------|
|                                                          |   | (Unaudited) |    |
| Cash flows provided by financing activities:                  |   |        |    |   |   |   |
| Net increase (decrease) in deposits                           |   |        | 11,877  |   |   |   | 16,277 |   |
| Proceeds from Federal Home Loan Bank advances                 |   |        | 10,000  |   |   |   | - |   |
| Repayments on Federal Home Loan Bank advances                 |   |        | (14,969 | )      |   |   | (6,631 | ) |
| Advances by borrowers for taxes and insurance                 |   |        | (481    | )      |   |   | (472 | ) |
| Treasury stock repurchases                                    |   |        | (31     | )      |   |   | (29 | ) |
| Stock option expense, net                                     |   |        | 91      |   |   |   | 186 |   |
| Dividends paid on common stock                                |   |        | (1,122  | )      |   |   | (1,019 | ) |
| Net cash provided by financing activities                     |   |        | 5,365   |   |   |   | 8,312 |   |
|                                                          |   |        |    |   |   |   |   |   |
| Net increase in cash and cash equivalents                     |   |        | 16,113  |   |   |   | 2,881 |   |
|                                                          |   |        |    |   |   |   |   |   |
| Cash and cash equivalents at beginning of period              |   |        | 11,283  |   |   |   | 10,013 |   |
|                                                          |   |        |    |   |   |   |   |   |
| Cash and cash equivalents at end of period                    |   | $           | 27,396  |   |   | $      | 12,894 |   |
|                                                          |   |        |    |   |   |   |   |   |
| Supplemental disclosure of cash flow information:             |   |        |    |   |   |   |   |   |
| Cash paid during the period for:                              |   |        |    |   |   |   |   |   |
| Federal income taxes                                          |   | $           | 794     |   |   | $      | 327 |   |
|                                                          |   |        |    |   |   |   |   |   |
| Interest on deposits and borrowings                           |   | $           | 3,597   |   |   | $      | 5,180 |   |
|                                                          |   |        |    |   |   |   |   |   |
| Supplemental disclosure of noncash investing activities:      |   |        |    |   |   |   |   |   |
| Transfer of loans to real estate acquired through foreclosure |   | $           | 181     |   |   | $      | 1,413 |   |
|                                                          |   |        |    |   |   |   |   |   |
| Recognition of mortgage servicing rights                      |   | $           | 118     |   |   | $      | 153 |   |

----

----

|                                                  |   | Payments due by period |    |
|-------------------------------------------------------|--------|------------------------|---------|
|                                                  |   | Lessthan1 year         |    |   | More than1-3years |   |   | More than4-5years |   |   | Morethan5 years |   |   | Total |   |
|                                                  |   | (In thousands)         |    |
|                                                  |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |
| Contractual obligations:                              |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |
| Advances from the Federal Home Loan Bank              |   | $                      | -       |   |   | $ | 1,360 |   |   | $ | 7,350 |   |   | $ | 19,993 |   |   | $ | 28,703 |   |
| Certificates of deposit                               |   |                   | 96,832  |   |   |   | 32,805 |   |   |   | 11,059 |   |   |   | - |   |   |   | 140,696 |   |
|                                                  |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Amount of loan commitments and expiration per period: |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Commitments to originate one- to four-family loans    |   |                   | 5,144   |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 5,144 |   |
| Home equity lines of credit                           |   |                   | 12,794  |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 12,794 |   |
| Commercial lines of credit                            |   |                   | 164     |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 164 |   |
| Undisbursed loans in process                          |   |                   | 2,742   |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 2,742 |   |
|                                                  |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total contractual obligations                         |   | $                      | 117,676 |   |   | $ | 34,165 |   |   | $ | 18,409 |   |   | $ | 19,993 |   |   | $ | 190,243 |   |

----

|                                                 |   | For the nine months endedSeptember 30, |      |   | For the three months endedSeptember 30, |   |
|------------------------------------------------------|--------|----------------------------------------|-----------|--------|-----------------------------------------|--------|
|                                                 |   | 2010                                   |      |   | 2009                                    |   |   | 2010 |   |   | 2009 |   |
|                                                 |   |                                   |      |   |                                    |   |   |   |   |   |   |   |   |   |   |   |
| Weighted-average common shares outstanding (basic)   |   |                                   | 8,723,800 |   |                                    |   | 8,691,891 |   |   |   | 8,722,075 |   |   |   | 8,690,166 |   |
|                                                 |   |                                   |      |   |                                    |   |   |   |   |   |   |   |   |   |   |   |
| Dilutive effect of assumed exercise of stock options |   |                                   | 9,051     |   |                                    |   | 25,997 |   |   |   | 9,179 |   |   |   | 24,658 |   |
|                                                 |   |                                   |      |   |                                    |   |   |   |   |   |   |   |   |   |   |   |
| Weighted-average common shares outstanding (diluted) |   |                                   | 8,732,851 |   |                                    |   | 8,717,888 |   |   |   | 8,731,254 |   |   |   | 8,714,824 |   |

----

|                               |   | Nine months endedSeptember 30, 2010 |    |   | Year endedDecember 31, 2009   |   |
|------------------------------------|--------|-------------------------------------|---------|--------|-------------------------------|--------|
|                               |   |                                |    |   |                          |   |
|                               |   | Shares                              |    |   | Weighted-averageexerciseprice |   |   | Shares |   |   | Weighted-averageexerciseprice |   |
|                               |   |                                |    |   |                          |   |   |   |   |   |   |   |   |   |   |   |
| Outstanding at beginning of period |   |                                | 412,340 |   |                          | $      | 11.11 |   |   |   | 404,280 |   |   | $ | 11.16 |   |
| Granted                            |   |                                | 8,860   |   |                          |   | 8.07 |   |   |   | 8,060 |   |   |   | 8.48 |   |
| Exercised                          |   |                                | -       |   |                          |   | - |   |   |   | - |   |   |   | - |   |
| Forfeited                          |   |                                | -       |   |                          |   | - |   |   |   | - |   |   |   | - |   |
|                               |   |                                |    |   |                          |   |   |   |   |   |   |   |   |   |   |   |
| Outstanding at end of period       |   |                                | 421,200 |   |                          | $      | 11.05 |   |   |   | 412,340 |   |   | $ | 11.11 |   |
|                               |   |                                |    |   |                          |   |   |   |   |   |   |   |   |   |   |   |
| Options exercisable at period-end  |   |                                | 397,260 |   |                          | $      | 11.16 |   |   |   | 314,792 |   |   | $ | 11.17 |   |
|                               |   |                                |    |   |                          |   |   |   |   |   |   |   |   |   |   |   |
| Fair value of options granted      |   |                                |    |   |                          | $      | 4.83 |   |   |   |   |   |   | $ | 3.31 |   |

| Number outstanding                          |   |      | 421,200        |   |
|---------------------------------------------|--------|-----------|----------------|--------|
| Exercise price                              |   |      | $8.07 - $13.63 |   |
| Weighted-average exercise price             |   |      | $11.16         |   |
| Weighted-average remaining contractual life |   | 4.9 years |           |

----

|                              | September 30, 2010 |   |
|-----------------------------------|--------------------|--------|
|                              | Amortizedcost      |   | Grossunrealizedholdinggains |   | Grossunrealizedholdinglosses |   | Estimatedfairvalue |   |
|                              | (In thousands)     |   |
| Available for Sale:               |               |   |   |   |   |   |   |   |   |   |   |   |
| U.S. Government agency securities |               | $      | 59,475 |   |   | $ | 463 |   |   | $ | - |   |   | $ | 59,938 |   |
| Municipal obligations             |               |   | 1,545 |   |   |   | 18 |   |   |   | 70 |   |   |   | 1,493 |   |
|                              |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                              |               | $      | 61,020 |   |   | $ | 481 |   |   | $ | 70 |   |   | $ | 61,431 |   |

|                              | December 31, 2009 |   |
|-----------------------------------|-------------------|--------|
|                              | Amortizedcost     |   | Grossunrealizedholdinggains |   | Grossunrealizedholdinglosses |   | Estimatedfairvalue |   |
|                              | (In thousands)    |   |
| Available for Sale:               |              |   |   |   |   |   |   |   |   |   |   |   |
| U.S. Government agency securities |              | $      | 54,915 |   |   | $ | 67 |   |   | $ | 527 |   |   | $ | 54,455 |   |
| Municipal obligations             |              |   | 1,545 |   |   |   | 4 |   |   |   | 153 |   |   |   | 1,396 |   |
|                              |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                              |              | $      | 56,460 |   |   | $ | 71 |   |   | $ | 680 |   |   | $ | 55,851 |   |

|                   |   |              |   |   |
|------------------------|--------|-------------------|--------|--------|
|                   |   | September 30,2010 |   |
|                   |   | (In thousands)    |   |
| Less than one year     |   | $                 | 55,475 |   |
| One to five years      |   |              | 4,000  |   |
| Over five to ten years |   |              | 310    |   |
| More than ten years    |   |              | 1,235  |   |
|                   |   |              |   |   |
|                   |   | $                 | 61,020 |   |

----

|                                                   |   | September 30, 2010 |   |
|--------------------------------------------------------|--------|--------------------|--------|
|                                                   |   | Amortizedcost      |   |   | Grossunrealizedholdinggains |   |   | Grossunrealizedholdinglosses |   |   | Estimatedfairvalue |   |
|                                                   |   | (In thousands)     |   |
| Available for sale:                                    |   |               |   |   |   |   |   |   |   |   |   |   |
| Federal Home Loan Mortgage                             |   |               |   |   |   |   |   |   |   |   |   |   |
| Corporation adjustable-rate participation certificates |   | $                  | 760    |   |   | $ | 26 |   |   | $ | - |   |   | $ | 786 |   |
| Federal National Mortgage                              |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Association adjustable-rate participation certificates |   |               | 554    |   |   |   | 16 |   |   |   | - |   |   |   | 570 |   |
| Government National Mortgage                           |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Association adjustable-rate participation certificates |   |               | 3,017  |   |   |   | 58 |   |   |   | - |   |   |   | 3,075 |   |
|                                                   |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                   |   | $                  | 4,331  |   |   | $ | 100 |   |   | $ | - |   |   | $ | 4,431 |   |
|                                                   |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Held to maturity:                                      |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Federal Home Loan Mortgage                             |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Corporation adjustable-rate participation certificates |   | $                  | 496    |   |   | $ | 5 |   |   | $ | 4 |   |   | $ | 497 |   |
| Federal National Mortgage                              |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Association adjustable-rate participation certificates |   |               | 544    |   |   |   | 8 |   |   |   | - |   |   |   | 552 |   |
| Government National Mortgage                           |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Association adjustable-rate participation certificates |   |               | 3,965  |   |   |   | 114 |   |   |   | - |   |   |   | 4,079 |   |
|                                                   |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                   |   | $                  | 5,005  |   |   | $ | 127 |   |   | $ | 4 |   |   | $ | 5,128 |   |

----

|                                                   |   | December 31, 2009 |   |
|--------------------------------------------------------|--------|-------------------|--------|
|                                                   |   | Amortizedcost     |   |   | Grossunrealizedholdinggains |   |   | Grossunrealizedholdinglosses |   |   | Estimatedfairvalue |   |
|                                                   |   | (In thousands)    |   |
| Available for sale:                                    |   |              |   |   |   |   |   |   |   |   |   |   |
| Federal Home Loan Mortgage                             |   |              |   |   |   |   |   |   |   |   |   |   |
| Corporation adjustable-rate participation certificates |   | $                 | 829    |   |   | $ | 1 |   |   | $ | - |   |   | $ | 830 |   |
| Federal National Mortgage                              |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Association adjustable-rate participation certificates |   |              | 700    |   |   |   | 9 |   |   |   | - |   |   |   | 709 |   |
| Government National Mortgage                           |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Association adjustable-rate participation certificates |   |              | 3,358  |   |   |   | 24 |   |   |   | 1 |   |   |   | 3,381 |   |
|                                                   |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                   |   | $                 | 4,887  |   |   | $ | 34 |   |   | $ | 1 |   |   | $ | 4,920 |   |
|                                                   |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Held to maturity:                                      |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Federal Home Loan Mortgage                             |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Corporation adjustable-rate participation certificates |   | $                 | 603    |   |   | $ | 1 |   |   | $ | 7 |   |   | $ | 597 |   |
| Federal National Mortgage                              |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Association adjustable-rate participation certificates |   |              | 640    |   |   |   | 3 |   |   |   | 1 |   |   |   | 642 |   |
| Government National Mortgage                           |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Association adjustable-rate participation certificates |   |              | 4,501  |   |   |   | 76 |   |   |   | - |   |   |   | 4,577 |   |
|                                                   |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                   |   | $                 | 5,744  |   |   | $ | 80 |   |   | $ | 8 |   |   | $ | 5,816 |   |

|                                     |   | September 30,2010 |   |
|------------------------------------------|--------|-------------------|--------|
|                                     |   | (In thousands)    |   |
|                                     |   |              |   |   |
| Due in one year or less                  |   | $                 | 363    |   |
| Due in one year through five years       |   |              | 1,566  |   |
| Due in over five years through ten years |   |              | 2,244  |   |
| Due in more than ten years               |   |              | 5,163  |   |
|                                     |   |              |   |   |
|                                     |   | $                 | 9,336  |   |

----

|                                  |   | Less than 12 months    |   |   | 12 months or longer |   |   |                     |   |   | Total                |   |   |      |   |
|---------------------------------------|--------|------------------------|--------|--------|---------------------|--------|--------|--------------------------|--------|--------|----------------------|--------|--------|-----------|--------|
| Description ofsecurities              |   | Number ofinvestments   |   |   | Fairvalue           |   |   | Unrealizedholding losses |   |   | Number ofinvestments |   |   | Fairvalue |   |   | Unrealizedholding losses |   |   | Number ofinvestments |   |   | Fairvalue |   |   | Unrealizedholding losses |   |
|                                  |   | (Dollars in thousands) |   |
|                                  |   |                   |   |   |                |   |   |                     |   |   |                 |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| U.S. Government agency securities     |   |                   | -      |   |                | $      | -      |                     |   | $      | -                    |   |   |      | -      |   |   | $ | - |   |   | $ | - |   |   |   | - |   |   | $ | - |   |   | $ | - |   |
| Municipal obligations                 |   |                   | -      |   |                |   | -      |                     |   |   | -                    |   |   |      | 2      |   |   |   | 1,165 |   |   |   | 70 |   |   |   | 2 |   |   |   | 1,165 |   |   |   | 70 |   |
| Mortgage-backed securities            |   |                   | 1      |   |                |   | 9      |                     |   |   | 1                    |   |   |      | 4      |   |   |   | 61 |   |   |   | 3 |   |   |   | 5 |   |   |   | 70 |   |   |   | 4 |   |
|                                  |   |                   |   |   |                |   |   |                     |   |   |                 |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total temporarily impaired securities |   |                   | 1      |   |                | $      | 9      |                     |   | $      | 1                    |   |   |      | 6      |   |   | $ | 1,226 |   |   | $ | 73 |   |   |   | 7 |   |   | $ | 1,235 |   |   | $ | 74 |   |

----

|   | Level 1 | Quoted prices in active markets for identical assets or liabilities |
|--------|---------|---------------------------------------------------------------------|

|   | Level 2 | Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Level 3 | Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                |   | Fair Value Measurements atSeptember 30, 2010 |   |
|-----------------------------------------------------|--------|----------------------------------------------|--------|
|                                                |   | Quoted prices                                |   |   |   |   |   |   |   |
|                                                |   | in active                                    |   |   | Significant |   |   | Significant |   |
|                                                |   | markets for                                  |   |   | other |   |   | other |   |
|                                                |   | identical                                    |   |   | observable |   |   | unobservable |   |
|                                                |   | assets                                       |   |   | inputs |   |   | inputs |   |
|                                                |   | (Level 1)                                    |   |   | (Level 2) |   |   | (Level 3) |   |
|                                                |   |                                         |   |   |   |   |   |   |   |
| Securities available for sale at September 30, 2010 |   |                                         |   |   |   |   |   |   |   |
|                                                |   |                                         |   |   |   |   |   |   |   |
| U.S. Government agency securities                   |   |                                         |   |   |   | $ | 59,938 |   |   |   |   |   |
| Municipal obligations                               |   |                                         |   |   |   |   | 1,493 |   |   |   |   |   |
| Mortgage-backed securities                          |   |                                         |   |   |   |   | 9,559 |   |   |   |   |   |

----

----

----

|   | Cash and cash equivalents:  The carrying amounts presented in the consolidated statements of financial condition for cash and cash equivalents are deemed to approximate fair value. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Investment and mortgage-backed securities:  For investment and mortgage-backed securities, fair value is deemed to equal the quoted market price. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | Federal Home Loan Bank stock:  The carrying amount presented in the consolidated statements of financial condition is deemed to approximate fair value. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Deposits:  The fair value of NOW accounts, passbook accounts, and money market demand deposits is deemed to approximate the amount payable on demand at September 30, 2010.  Fair values for fixed-rate certificates of deposit have been estimated using a discounted cash flow calculation using the interest rates currently offered for deposits of similar remaining maturities. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Advances from the Federal Home Loan Bank:  The fair value of these advances is estimated using the rates currently offered for similar advances of similar remaining maturities or, when available, quoted market prices. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Advances by Borrowers for Taxes and Insurance:  The carrying amount of advances by borrowers for taxes and insurance is deemed to approximate fair value. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Commitments to extend credit:  For fixed-rate loan commitments, the fair value estimate considers the difference between current levels of interest rates and committed rates.  At September 30, 2010, the fair value of the derivative loan commitments was not material. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                          |   | September 30, 2010 |    |   | December 31, 2009 |   |
|-----------------------------------------------|--------|--------------------|---------|--------|-------------------|--------|
|                                          |   | Carrying           |    |   | Fair              |   |   | Carrying |   |   | Fair |   |
|                                          |   | Value              |    |   | Value             |   |   | Value |   |   | Value |   |
|                                          |   | (In thousands)     |    |   | (In thousands)    |   |
| Financial assets                              |   |               |    |   |              |   |   |   |   |   |   |   |
| Cash and cash equivalents                     |   | $                  | 27,396  |   |              | $      | 27,396 |   |   | $ | 11,283 |   |   | $ | 11,283 |   |
| Investment securities                         |   |               | 61,431  |   |              |   | 61,431 |   |   |   | 55,851 |   |   |   | 55,851 |   |
| Mortgage-backed securities                    |   |               | 9,436   |   |              |   | 9,559 |   |   |   | 10,664 |   |   |   | 10,736 |   |
| Loans receivable - net                        |   |               | 235,642 |   |              |   | 252,641 |   |   |   | 247,002 |   |   |   | 258,986 |   |
| Federal Home Loan Bank stock                  |   |               | 3,375   |   |              |   | 3,375 |   |   |   | 3,369 |   |   |   | 3,369 |   |
|                                          |   |               |    |   |              |   |   |   |   |   |   |   |   |   |   |   |
|                                          |   | $                  | 337,280 |   |              | $      | 354,402 |   |   | $ | 328,169 |   |   | $ | 340,225 |   |
|                                          |   |               |    |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Financial liabilities                         |   |               |    |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Deposits                                      |   | $                  | 247,781 |   |              | $      | 247,600 |   |   | $ | 235,904 |   |   | $ | 235,771 |   |
| Advances from the Federal Home Loan Bank      |   |               | 28,703  |   |              |   | 31,696 |   |   |   | 33,672 |   |   |   | 37,807 |   |
| Advances by borrowers for taxes and insurance |   |               | 1,020   |   |              |   | 1,020 |   |   |   | 1,501 |   |   |   | 1,501 |   |
|                                          |   |               |    |   |              |   |   |   |   |   |   |   |   |   |   |   |
|                                          |   | $                  | 277,504 |   |              | $      | 280,316 |   |   | $ | 271,077 |   |   | $ | 275,079 |   |

----

----

|  ITEM 2. |  MANAGEMENT’S DISCUSSION AND ANALYSIS OF |   |
|---------------|-----------------------------------------------------|--------|
|          |  FINANCIAL CONDITION AND RESULTS OF OPERATIONS |   |

|   | o | Centralize responsibility for consumer financial protection by creating a new agency responsible for implementing, examining and enforcing compliance with federal consumer financial laws.                                                                                                                                                                        |
|--------|---|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | o | Apply the same leverage and risk-based capital requirements that apply to insured depository institutions to bank holding companies.                                                                                                                                                                                                                               |
|   | o | Require the FDIC to seek to make its capital requirements for banks countercyclical so that the amount of capital required to be maintained increases in times of economic expansion and decreases in times of economic contraction.                                                                                                                               |
|   | o | Change the assessment base for federal deposit insurance from the amount of insured deposits to consolidated assets less tangible capital.                                                                                                                                                                                                                         |
|   | o | Implement corporate governance revisions, including with regard to executive compensation and proxy access by shareholders that apply to all public companies, not just financial institutions.                                                                                                                                                                    |
|   | o | Make permanent the $250 thousand limit for federal deposit insurance and increase the cash limit of Securities Investor Protection Corporation protection from $100 thousand to $250 thousand, and provide unlimited federal deposit insurance until January 1, 2013, for non-interest bearing demand transaction accounts at all insured depository institutions. |
|   | o | Repeal the federal prohibitions on the payment of interest on demand deposits, thereby permitting depository institutions to pay interest on business transaction and other accounts.                                                                                                                                                                              |
|   | o | Increase the authority of the Federal Reserve to examine the Company and its non-bank subsidiaries.                                                                                                                                                                                                                                                                |

----

----

----

----

----

----

----

----

----

| ITEM 1. | Legal Proceedings |
|---------|-------------------|

| ITEM 1A. | Risk Factors |
|----------|--------------|

| ITEM 2. | Unregistered Sales of Equity Securities, Use of Proceeds and Issuer Purchases of Equity Securities |
|---------|----------------------------------------------------------------------------------------------------|

|   |                         |   |                      |   |   |                       |   |   |                                                                    |   |
|--------|------------------------------|--------|---------------------------|--------|--------|----------------------------|--------|--------|-------------------------------------------------------------------------|--------|
|   | Period                       |   | Total# of sharespurchased |   |   | Averageprice paidper share |   |   | Total # ofshares purchasedas part of publiclyannounced plansor programs |   |
|   |                         |   |                      |   |   |                       |   |   |                                                                    |   |
|   | July 1-31, 2010              |   |                      | -      |   |                       | $      | -      |                                                                    |   |   | 86,766 |   |
|   | August 1-31, 2010            |   |                      | -      |   |                       | $      | -      |                                                                    |   |   | 86,766 |   |
|   | September 1 – 30, 2010 |   |                      | -      |   |                       | $      | -      |                                                                    |   |   | 86,766 |   |

| ITEM 3. | Defaults Upon Senior Securities |
|---------|---------------------------------|

|   | Not applicable. |
|--------|-----------------|

| ITEM 4. | Removed and Reserved |
|---------|----------------------|

| ITEM 5. | Other Information |
|---------|-------------------|

|   | None. |
|--------|-------|

| ITEM 6. | Exhibits |
|---------|----------|

|   | 31.1 | Certification of Principal Executive Officer Pursuant to Rule 13a-14 of the Securities Exchange Act of 1934, As Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | 31.2 | Certification of Principal Financial Officer Pursuant to Rule 13a-14 of the Securities Exchange Act of 1934, As Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 32.1 | Certification of Principal Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |
|--------|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 32.2 | Certification of Principal Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |
|--------|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Date: November 12, 2010 |   | By:    | /s/ Thomas J. Linneman |                                  |
|-------------------------|--------|--------|------------------------|---------------------------------------|
|                    |   |   |                   | Thomas J. Linneman                    |   |
|                    |   |   |                   | President and Chief Executive Officer |   |

| Date: November 12, 2010 |   | By:    | /s/ Scott T. Smith |                    |
|------------------------------|--------|--------|--------------------|-------------------------|
|                         |   |   |               | Scott T. Smith          |   |
|                         |   |   |               | Chief Financial Officer |   |