**FOR      IMMEDIATE RELEASE**

**UNITED      FINANCIAL BANCORP REPORTS SECOND QUARTER RESULTS AND **

**DECLARES      DIVIDEND OF $0.06 PER SHARE**

**WEST      SPRINGFIELD, MA—July 19, 2007—**

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**Financial      Highlights Include:**

|   | · | Gross                loans increased $41.4 million, or 5.4%, to $803.6 million at June                30, 2007                compared to $762.1 million at December 31, 2006.  Loan growth                was concentrated in the commercial real estate (13.3%), commercial                and                industrial (8.3%), home equity (3.7%) and residential real                estate  (3.2%) portfolios.  Origination activity was                solid during the first six months of 2007 reflecting a steady local                economy, a resilient real estate market, a relatively low interest                rate                environment, competitive products and pricing, and successful business                development efforts. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | The                ratio of non-performing loans to total loans increased from 0.17%                at                December 31, 2006 to 0.37% at June 30, 2007 reflecting a $1.5 million                residential construction loan relationship that was placed on non-accrual                status during the second quarter. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | At                June 30, 2007, the allowance for loan losses to total loans was 0.96%                and                the allowance for loan losses to non-performing loans was                260%.  Net charge-offs totaled $101,000, or 0.03% of average                loans outstanding on an annualized basis, for the six months ended                June                30, 2007. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Total                deposits increased $40.1 million, or 5.8%, to $725.8 million at June                30,                2007 compared to $685.7 million at December 31, 2006.  Deposit                growth was strong in all categories, excluding savings accounts,                principally due to the December 2006 opening of our second branch                in                Westfield, Massachusetts, the introduction of new products and services,                competitive pricing, and targeted promotional                activities.  Savings account balances declined $2.0 million, or                3.1%, for the six months ended June 30, 2007 as customers continued                to                transfer balances to higher yielding money market and certificate                of                deposit accounts.  Core deposit balances expanded $20.9 million,                or 5.7%, to $387.1 million at June 30,                2007. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Net                interest income increased $370,000, or 5.5%, to $7.1 million for                the three                months ended June 30, 2007 from $6.8 million for the same period                last year                reflecting growth in earning assets, partially offset by net interest                margin compression.  Average earning assets expanded $70.8                million, or 7.5%, mainly due to strong loan growth, partially offset                by                lower average securities available for sale balances.  Net                interest margin contracted 6 basis points to 2.90% for the second                quarter                of 2007 compared to the same period in 2006 mainly due to the flat                to                inverted yield curve, increasingly competitive pricing conditions                for                loans and deposits and a shift in deposit demand towards higher-yielding                money market and time deposit                accounts. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | · | Non-interest                income was essentially flat, decreasing $7,000 to $1.4 million for                the                three months ended June 30, 2007 due to growth of $60,000, or 5.8%,                in fee                income from deposits and $34,000, or 25.0%, in wealth management                revenue.  These items were offset in part by losses totaling                $43,000 related to sales of lower-yielding                securities. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Non-interest                expense increased $738,000, or 12.6%, to $6.6 million for the three                months                ended June 30, 2007 largely attributable to an increase in stock-based                compensation, additional staff, occupancy and other operating costs                related to new branches opened in the second and fourth quarters                of 2006,                as well as expanded data processing and marketing                expenses.  Stock-based compensation expense increased $449,000                due to restricted stock and stock options awarded in the third and                fourth                quarters of 2006. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| **UNITED                FINANCIAL BANCORP, INC. AND SUBSIDIARY**             |
|---------------------------------------------------------------------------------------------------------------------------|
| **CONSOLIDATED                STATEMENTS OF CONDITION (unaudited)**          |
| **(Dollars                in thousands, except par value amounts)**          |
|                                                                                                                      |   |   |   |   |   |   |   |   |   |
|                                                                                                                      |   |   |   |   |   |   |   |   |   |
|                                                                                                                      |   |   |   |   |   |   |   |   |   |
|                                                                                                                      |   | **June                30,** |   |   | **December                31,** |   |   | **June                30,** |   |
| **Assets**                                                                                                                |   | **2007** |   |   | **2006** |   |   | **2006** |   |
|                                                                                                                      |   |   |   |   |   |   |   |   |   |
| Cash                and cash equivalents                                                                                  |   | $ | 20,561 |   |   | $ | 25,419 |   |   | $ | 23,978 |   |
| Securities                available for sale, at fair value                                                               |   |   | 161,169 |   |   |   | 190,237 |   |   |   | 213,842 |   |
| Securities                held to maturity, at amortized cost                                                             |   |   | 3,686 |   |   |   | 3,241 |   |   |   | 3,295 |   |
| Federal                Home Loan Bank of Boston stock, at cost                                                            |   |   | 9,885 |   |   |   | 9,274 |   |   |   | 7,157 |   |
| Time                deposits and other short-term investments                                                             |   |   | 1,004 |   |   |   | - |   |   |   | - |   |
|                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans:                                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| Residential                mortgages                                                                                      |   |   | 329,199 |   |   |   | 319,108 |   |   |   | 296,717 |   |
| Commercial                mortgages                                                                                       |   |   | 198,938 |   |   |   | 175,564 |   |   |   | 163,300 |   |
| Construction                loans                                                                                         |   |   | 52,191 |   |   |   | 54,759 |   |   |   | 40,931 |   |
| Commercial                loans                                                                                           |   |   | 75,544 |   |   |   | 69,762 |   |   |   | 64,464 |   |
| Home                equity loans                                                                                          |   |   | 116,939 |   |   |   | 112,739 |   |   |   | 100,057 |   |
| Consumer                loans                                                                                             |   |   | 30,751 |   |   |   | 30,181 |   |   |   | 29,752 |   |
| Total                loans                                                                                                |   |   | 803,562 |   |   |   | 762,113 |   |   |   | 695,221 |   |
|                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                deferred loan costs and fees                                                                           |   |   | 1,395 |   |   |   | 1,285 |   |   |   | 1,234 |   |
| Allowance                for loan losses                                                                                  |   |   | (7,721 | ) |   |   | (7,218 | ) |   |   | (6,825 | ) |
| Loans,                net                                                                                                 |   |   | 797,236 |   |   |   | 756,180 |   |   |   | 689,630 |   |
|                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Other                real estate owned                                                                                    |   |   | - |   |   |   | 562 |   |   |   | 250 |   |
| Premises                and equipment, net                                                                                |   |   | 10,614 |   |   |   | 8,821 |   |   |   | 8,505 |   |
| Bank-owned                life insurance                                                                                  |   |   | 6,515 |   |   |   | 6,304 |   |   |   | 6,186 |   |
| Other                assets                                                                                               |   |   | 12,077 |   |   |   | 9,395 |   |   |   | 9,000 |   |
|                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                assets                                                                                               |   | $ | 1,022,747 |   |   | $ | 1,009,433 |   |   | $ | 961,843 |   |
|                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| **Liabilities                and Stockholders' Equity**                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Deposits:                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Demand                                                                                                                    |   | $ | 104,773 |   |   | $ | 97,190 |   |   | $ | 97,656 |   |
| NOW                                                                                                                       |   |   | 42,258 |   |   |   | 37,523 |   |   |   | 41,990 |   |
| Savings                                                                                                                   |   |   | 63,431 |   |   |   | 65,475 |   |   |   | 79,831 |   |
| Money                market                                                                                               |   |   | 176,633 |   |   |   | 165,984 |   |   |   | 159,057 |   |
| Certificates                of deposit                                                                                    |   |   | 338,658 |   |   |   | 319,514 |   |   |   | 318,416 |   |
| Total                deposits                                                                                             |   |   | 725,753 |   |   |   | 685,686 |   |   |   | 696,950 |   |
|                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Federal                Home Loan Bank of Boston advances                                                                  |   |   | 142,519 |   |   |   | 169,806 |   |   |   | 114,990 |   |
| Repurchase                agreements                                                                                      |   |   | 7,990 |   |   |   | 10,425 |   |   |   | 6,809 |   |
| Escrow                funds held for borrowers                                                                            |   |   | 1,113 |   |   |   | 1,121 |   |   |   | 964 |   |
| Accrued                expenses and other liabilities                                                                     |   |   | 6,776 |   |   |   | 4,684 |   |   |   | 4,394 |   |
| Total                liabilities                                                                                          |   |   | 884,151 |   |   |   | 871,722 |   |   |   | 824,107 |   |
|                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Stockholders'                Equity:                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Preferred                stock ($0.01 par value; 5,000,000 shares                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| authorized;                no shares issued and outstanding)                                                              |   |   | - |   |   |   | - |   |   |   | - |   |
| Common                stock ($0.01 par value; 60,000,000 shares authorized;                17,205,995                     |   |   |   |   |   |   |   |   |   |
| shares                issued at June 30, 2007, December 31, 2006 and June 30,                2006)                        |   |   | 172 |   |   |   | 172 |   |   |   | 172 |   |
| Additional                paid-in capital                                                                                 |   |   | 76,700 |   |   |   | 75,520 |   |   |   | 78,476 |   |
| Retained                earnings                                                                                          |   |   | 71,337 |   |   |   | 70,406 |   |   |   | 68,848 |   |
| Unearned                compensation                                                                                      |   |   | (5,550 | ) |   |   | (5,772 | ) |   |   | (5,932 | ) |
| Accumulated                other comprehensive loss                                                                       |   |   | (2,190 | ) |   |   | (1,951 | ) |   |   | (3,828 | ) |
| Treasury                stock, at cost (134,142 shares at June 30, 2007 and 51,445                shares                  |   |   |   |   |   |   |   |   |   |
| at                December 31, 2006)                                                                                      |   |   | (1,873 | ) |   |   | (664 | ) |   |   | - |   |
| Total                stockholders' equity                                                                                 |   |   | 138,596 |   |   |   | 137,711 |   |   |   | 137,736 |   |
|                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                liabilities and stockholders' equity                                                                 |   | $ | 1,022,747 |   |   | $ | 1,009,433 |   |   | $ | 961,843 |   |

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| **UNITED                  FINANCIAL BANCORP, INC. AND SUBSIDIARY**                |
|-----------------------------------------------------------------------------------------------------------------------------------------------|
| **CONSOLIDATED                  INCOME STATEMENTS (unaudited)**                   |
| **(Amounts                  in thousands, except per share amounts)**             |
|                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                          |   | **Three                  Months Ended** |   |   | **Six                  Months Ended** |   |
|                                                                                                                                          |   | **June                  30,**    |   |   | **June                  30,**    |   |
|                                                                                                                                          |   | **2007** |   |   | **2006** |   |   | **2007** |   |   | **2006** |   |
| Interest                  and dividend income:                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans                                                                                                                                         |   | $ | 12,350 |   |   | $ | 10,076 |   |   | $ | 24,305 |   |   | $ | 19,676 |   |
| Investments                                                                                                                                   |   |   | 1,854 |   |   |   | 2,261 |   |   |   | 3,836 |   |   |   | 4,566 |   |
| Other                  interest-earning assets                                                                                                |   |   | 309 |   |   |   | 288 |   |   |   | 684 |   |   |   | 529 |   |
| Total                  interest and dividend income                                                                                           |   |   | 14,513 |   |   |   | 12,625 |   |   |   | 28,825 |   |   |   | 24,771 |   |
|                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest                  expense:                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Deposits                                                                                                                                      |   |   | 5,477 |   |   |   | 4,664 |   |   |   | 10,658 |   |   |   | 8,706 |   |
| Borrowings                                                                                                                                    |   |   | 1,901 |   |   |   | 1,196 |   |   |   | 4,076 |   |   |   | 2,393 |   |
| Total                  interest expense                                                                                                       |   |   | 7,378 |   |   |   | 5,860 |   |   |   | 14,734 |   |   |   | 11,099 |   |
|                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                  interest income before provision for loan losses                                                                         |   |   | 7,135 |   |   |   | 6,765 |   |   |   | 14,091 |   |   |   | 13,672 |   |
|                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Provision                  for loan losses                                                                                                    |   |   | 320 |   |   |   | 300 |   |   |   | 604 |   |   |   | 462 |   |
|                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                  interest income after provision for loan losses                                                                          |   |   | 6,815 |   |   |   | 6,465 |   |   |   | 13,487 |   |   |   | 13,210 |   |
|                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-interest                  income:                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss                  on sales of securities                                                                                                  |   |   | (43 | ) |   |   | - |   |   |   | (29 | ) |   |   | - |   |
| Fee                  income on depositors’ accounts                                                                                     |   |   | 1,097 |   |   |   | 1,037 |   |   |   | 2,135 |   |   |   | 1,982 |   |
| Wealth                  management income                                                                                                     |   |   | 170 |   |   |   | 136 |   |   |   | 291 |   |   |   | 193 |   |
| Other                  income                                                                                                                 |   |   | 211 |   |   |   | 269 |   |   |   | 436 |   |   |   | 524 |   |
| Total                  non-interest income                                                                                                    |   |   | 1,435 |   |   |   | 1,442 |   |   |   | 2,833 |   |   |   | 2,699 |   |
|                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-interest                  expense:                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Salaries                  and benefits                                                                                                        |   |   | 3,735 |   |   |   | 3,130 |   |   |   | 7,573 |   |   |   | 6,159 |   |
| Occupancy                  expenses                                                                                                           |   |   | 481 |   |   |   | 410 |   |   |   | 972 |   |   |   | 813 |   |
| Marketing                  expenses                                                                                                           |   |   | 449 |   |   |   | 350 |   |   |   | 771 |   |   |   | 765 |   |
| Data                  processing expenses                                                                                                     |   |   | 653 |   |   |   | 558 |   |   |   | 1,295 |   |   |   | 1,190 |   |
| Professional                  fees                                                                                                            |   |   | 263 |   |   |   | 223 |   |   |   | 652 |   |   |   | 479 |   |
| Other                  expenses                                                                                                               |   |   | 994 |   |   |   | 1,166 |   |   |   | 1,959 |   |   |   | 2,205 |   |
| Total                  non-interest expense                                                                                                   |   |   | 6,575 |   |   |   | 5,837 |   |   |   | 13,222 |   |   |   | 11,611 |   |
|                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income                  before income taxes                                                                                                   |   |   | 1,675 |   |   |   | 2,070 |   |   |   | 3,098 |   |   |   | 4,298 |   |
|                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income                  tax expense                                                                                                           |   |   | 697 |   |   |   | 780 |   |   |   | 1,286 |   |   |   | 1,653 |   |
|                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                  income                                                                                                                   |   | $ | 978 |   |   | $ | 1,290 |   |   | $ | 1,812 |   |   | $ | 2,645 |   |
|                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings                  per share:                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic                                                                                                                                         |   | $ | 0.06 |   |   | $ | 0.08 |   |   | $ | 0.11 |   |   | $ | 0.16 |   |
| Diluted                                                                                                                                       |   | $ | 0.06 |   |   | $ | 0.08 |   |   | $ | 0.11 |   |   | $ | 0.16 |   |
|                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted                  average shares outstanding:                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic                                                                                                                                         |   |   | 16,226 |   |   |   | 16,609 |   |   |   | 16,250 |   |   |   | 16,605 |   |
| Diluted                                                                                                                                       |   |   | 16,310 |   |   |   | 16,609 |   |   |   | 16,321 |   |   |   | 16,605 |   |

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| **UNITED                  FINANCIAL BANCORP, INC. AND SUBSIDIARY**                   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **SELECTED                  DATA AND RATIOS (unaudited)**                            |
| **(Dollars                  in thousands, except per share amounts)**                |
|                                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                            |   | **At                  or For The Quarters Ended**       |   |
|                                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                            |   | **Jun.                  30** |   |   | **Mar.                  31** |   |   | **Dec.                  31** |   |   | **Sep.                  30** |   |   | **Jun.                  30** |   |
|                                                                                                                                                            |   | **2007** |   |   | **2007** |   |   | **2006** |   |   | **2006** |   |   | **2006** |   |
|                                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Operating                  Results:**                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                  interest income                                                                                                                            |   | $ | 7,135 |   |   | $ | 6,956 |   |   | $ | 6,938 |   |   | $ | 6,944 |   |   | $ | 6,765 |   |
| Loan                  loss provision                                                                                                                            |   |   | 320 |   |   |   | 284 |   |   |   | 342 |   |   |   | 165 |   |   |   | 300 |   |
| Non-interest                  income                                                                                                                            |   |   | 1,435 |   |   |   | 1,398 |   |   |   | 1,399 |   |   |   | 1,294 |   |   |   | 1,441 |   |
| Non-interest                  expense                                                                                                                           |   |   | 6,575 |   |   |   | 6,647 |   |   |   | 6,845 |   |   |   | 5,580 |   |   |   | 5,836 |   |
| Net                  income                                                                                                                                     |   |   | 978 |   |   |   | 834 |   |   |   | 766 |   |   |   | 1,513 |   |   |   | 1,290 |   |
|                                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Performance                  Ratios (annualized):**                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Return                  on average assets                                                                                                                       |   |   | 0.38 | % |   |   | 0.33 | % |   |   | 0.31 | % |   |   | 0.62 | % |   |   | 0.55 | % |
| Return                  on average equity                                                                                                                       |   |   | 2.82 | % |   |   | 2.41 | % |   |   | 2.23 | % |   |   | 4.44 | % |   |   | 3.75 | % |
| Net                  interest margin                                                                                                                            |   |   | 2.90 | % |   |   | 2.82 | % |   |   | 2.89 | % |   |   | 2.96 | % |   |   | 2.96 | % |
| Non-interest                  income to average total assets                                                                                                    |   |   | 0.56 | % |   |   | 0.55 | % |   |   | 0.57 | % |   |   | 0.53 | % |   |   | 0.61 | % |
| Non-interest                  expense to average total assets                                                                                                   |   |   | 2.58 | % |   |   | 2.62 | % |   |   | 2.77 | % |   |   | 2.30 | % |   |   | 2.47 | % |
| Efficiency                  ratio                                                                                                                               |   |   | 76.72 | % |   |   | 79.57 | % |   |   | 82.10 | % |   |   | 67.73 | % |   |   | 71.12 | % |
|                                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Per                  Share Data:**                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted                  earnings per share                                                                                                                     |   | $ | 0.06 |   |   | $ | 0.05 |   |   | $ | 0.04 |   |   | $ | 0.09 |   |   | $ | 0.08 |   |
| Book                  value per share                                                                                                                           |   | $ | 8.12 |   |   | $ | 8.10 |   |   | $ | 8.03 |   |   | $ | 7.95 |   |   | $ | 8.00 |   |
| Market                  price at period end                                                                                                                     |   | $ | 14.14 |   |   | $ | 14.85 |   |   | $ | 13.80 |   |   | $ | 12.93 |   |   | $ | 13.31 |   |
|                                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Risk                  Profile**                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-performing                  assets as a percent of total assets                                                                                             |   |   | 0.29 | % |   |   | 0.13 | % |   |   | 0.18 | % |   |   | 0.26 | % |   |   | 0.28 | % |
| Non-performing                  loans as a percent of total loans, gross                                                                                        |   |   | 0.37 | % |   |   | 0.17 | % |   |   | 0.17 | % |   |   | 0.27 | % |   |   | 0.33 | % |
| Allowance                  for loan losses as a percent of total loans, gross                                                                                   |   |   | 0.96 | % |   |   | 0.94 | % |   |   | 0.95 | % |   |   | 0.94 | % |   |   | 0.98 | % |
| Allowance                  for loan losses as a percent of non-performing loans                                                                                 |   |   | 259.79 | % |   |   | 570.35 | % |   |   | 560.40 | % |   |   | 341.78 | % |   |   | 294.82 | % |
| Equity                  as a percentage of assets                                                                                                               |   |   | 13.55 | % |   |   | 13.40 | % |   |   | 13.65 | % |   |   | 13.90 | % |   |   | 14.31 | % |
|                                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Average                  Balances**                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans                                                                                                                                                           |   | $ | 797,752 |   |   | $ | 776,301 |   |   | $ | 746,256 |   |   | $ | 714,918 |   |   | $ | 669,409 |   |
| Securities                                                                                                                                                      |   |   | 165,866 |   |   |   | 180,491 |   |   |   | 194,786 |   |   |   | 211,101 |   |   |   | 220,845 |   |
| Total                  interest-earning assets                                                                                                                  |   |   | 985,520 |   |   |   | 985,112 |   |   |   | 959,650 |   |   |   | 939,591 |   |   |   | 914,729 |   |
| Total                  assets                                                                                                                                   |   |   | 1,018,509 |   |   |   | 1,016,369 |   |   |   | 988,944 |   |   |   | 969,962 |   |   |   | 945,262 |   |
| Deposits                                                                                                                                                        |   |   | 715,173 |   |   |   | 691,532 |   |   |   | 688,104 |   |   |   | 687,397 |   |   |   | 686,630 |   |
| FHLBB                  advances                                                                                                                                 |   |   | 149,853 |   |   |   | 170,727 |   |   |   | 150,301 |   |   |   | 134,833 |   |   |   | 111,316 |   |
| Capital                                                                                                                                                         |   |   | 138,896 |   |   |   | 138,296 |   |   |   | 137,219 |   |   |   | 136,279 |   |   |   | 137,639 |   |
|                                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Average                  Yields/Rates (annualized)**                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans                                                                                                                                                           |   |   | 6.19 | % |   |   | 6.16 | % |   |   | 6.23 | % |   |   | 6.18 | % |   |   | 6.02 | % |
| Securities                                                                                                                                                      |   |   | 4.47 | % |   |   | 4.39 | % |   |   | 4.28 | % |   |   | 4.16 | % |   |   | 4.10 | % |
| Total                  interest-earning assets                                                                                                                  |   |   | 5.89 | % |   |   | 5.81 | % |   |   | 5.81 | % |   |   | 5.74 | % |   |   | 5.52 | % |
|                                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Savings                  accounts                                                                                                                               |   |   | 0.91 | % |   |   | 0.86 | % |   |   | 0.84 | % |   |   | 0.84 | % |   |   | 0.83 | % |
| Money                  market/NOW accounts                                                                                                                      |   |   | 2.76 | % |   |   | 2.69 | % |   |   | 2.69 | % |   |   | 2.64 | % |   |   | 2.61 | % |
| Certificates                  of deposit                                                                                                                        |   |   | 4.57 | % |   |   | 4.50 | % |   |   | 4.48 | % |   |   | 4.27 | % |   |   | 4.07 | % |
| FHLBB                  advances                                                                                                                                 |   |   | 4.75 | % |   |   | 4.74 | % |   |   | 4.79 | % |   |   | 4.69 | % |   |   | 4.03 | % |
| Total                  interest-bearing liabilities                                                                                                             |   |   | 3.79 | % |   |   | 3.77 | % |   |   | 3.73 | % |   |   | 3.57 | % |   |   | 3.30 | % |