| FOR                IMMEDIATE RELEASE | For                More Information           |
|--------------------------------------|-----------------------------------------------|
|                                 | Contact:                                      |
|                                 | Mark                A. Roberts                |
|                                 | Executive                Vice President & |
|                                 | CFO                                           |
|                                 | (413)                787-1700                 |

----

|   | · | Total                loans increased $62.6                million, or 8.2%,                to $824.7 million                at December 31,                2007 compared to $762.1million                at December 31,                2006.  Loan growth was concentrated in the commercial                real estate ($39.2 million or 22.3%), residential real estate ($20.4                million or 6.4%) and commercial and industrial ($11.8 million or                16.9%)                portfolios.  Origination activity in 2007 was driven by a steady                local economy, a relatively stable real estate market, a comparatively                low                interest rate environment, successful business development efforts                and                competitive products and pricing.  The healthy expansion in                commercial real estate and commercial and industrial loans also reflected                a continued focus on diversifying the loan mix.  During the                year, construction loans declined $12.7 million or 23.2% as several                credits converted to fixed-rate commercial mortgages or were paid-in-full                and management elected to be more cautious in evaluating and approving                funding for residential construction projects. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | The                ratio of non-performing                loans to                total loans increased modestly                from 0.17% at December 31, 2006 to 0.22%at                December 31,                2007.  Non-performing assets totaled $2.7 million, or 0.25% of                total assets, at December 31, 2007 compared to $1.9 million, or 0.18%                of                total assets, at December 31, 2006.  The Company                has not originated loans to sub-prime borrowers and approximately                96% of                its investment portfolio consists of mortgage-backed and debt securities                issued by government sponsored                enterprises. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | At                December 31, 2007, the                ratio of the                allowance for                loan                losses to total loans was 0.94%                and the ratio of theallowance                for loan losses to                non-performing loans was 432.16%.  Net                charge-offs totaled $929,000, or 0.12% of average loans outstanding,                for                the year ended                December 31, 2007. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Total                deposits increased$33.0                million, or 4.8%, to $718.7                million at December 31, 2007 compared to $685.7millionat                December 31, 2006 mainly due to                the introduction of new products and services, competitive                pricing, targeted                promotional activities and the December 2006 opening of a second                branch in                Westfield,Massachusetts.  In                connection with                the second-step conversion and stock offering, approximately $2.0                million                of deposits were withdrawn for the purpose of funding                stock                purchases.  Core deposit balances totaled $371.0 million at                December 31, 2007 compared to $366.2 million at December 31,                2006. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | · | Net                interest income increased                $885,000, or 12.8%, to $7.8million                for the fourth quarter                of 2007 from the                same period in 2006 as a result of growth in earning assets and net                interest margin expansion.  Average earning assets expanded                $76.6 million, or 8.0%, to in excess of $1 billion mainly due to                strong loan                growth.  Net interest                margin increased 13                basis points to 3.02%reflecting                the use of net proceeds                from the second-step conversion and stock offering to pay-down short-term                FHLB advances and fund growth in earning assets. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Non-interest                income expanded $91,000,                or 6.5%, to $1.5million                for the three months ended                December 31,                2007 due                to increases of $130,000, or                12.2%, in fee income from deposit accounts and $94,000, or 87.9%,                in                wealth management                revenue.  These items                were partly offset                by                a $101,000 increase in losses on sales and write-downs of investment                securities, mainly attributable to the recognition of a $53,000                other-than-temporary impairment loss for an investment in Freddie                Mac                preferred stock and losses from sales                of several corporate                bonds.  Prior to this charge, the unrealized losses related to                these securities were reported as a component of other comprehensive                loss. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| UNITED                  FINANCIAL BANCORP, INC. AND                  SUBSIDIARY    |
|------------------------------------------------------------------------------------|
| CONSOLIDATED                  STATEMENTS OF                  CONDITION             |
| (Dollars                  in thousands, except par                  value amounts) |

|                                                                                               |   |                        |      |   |                        |   |
|----------------------------------------------------------------------------------------------------|--------|-----------------------------|-----------|--------|-----------------------------|--------|
|                                                                                               |   |                        |      |   |                        |   |
|                                                                                               |   |                        |      |   |                        |   |
|                                                                                               |   | December                31, |      |   | December                31, |   |
| Assets                                                                                             |   | 2007                        |      |   | 2006                        |   |
|                                                                                               |   | (unaudited)                 |      |   | (audited)                   |   |
|                                                                                               |   |                        |      |   |                        |   |
| Cash                and cash                equivalents                                            |   | $                           | 14,254    |   |                        | $      | 25,419 |   |
| Securities                available for sale, at                fair value                         |   |                        | 201,257   |   |                        |   | 190,237 |   |
| Securities                held to maturity, at                amortized cost                       |   |                        | 3,632     |   |                        |   | 3,241 |   |
| Federal                Home Loan Bank of Boston                stock, at cost                      |   |                        | 10,257    |   |                        |   | 9,274 |   |
| Time                deposits and other short-term                investments                       |   |                        | 1,030     |   |                        |   | - |   |
|                                                                                               |   |                        |      |   |                        |   |   |   |
| Loans:                                                                                             |   |                        |      |   |                        |   |   |   |
| Residential                mortgages                                                               |   |                        | 339,470   |   |                        |   | 319,108 |   |
| Commercial                mortgages                                                                |   |                        | 214,776   |   |                        |   | 175,564 |   |
| Construction                loans                                                                  |   |                        | 42,059    |   |                        |   | 54,759 |   |
| Commercial                loans                                                                    |   |                        | 81,562    |   |                        |   | 69,762 |   |
| Home                equity                loans                                                    |   |                        | 116,241   |   |                        |   | 112,739 |   |
| Consumer                loans                                                                      |   |                        | 30,587    |   |                        |   | 30,181 |   |
| Total                loans                                                                         |   |                        | 824,695   |   |                        |   | 762,113 |   |
|                                                                                               |   |                        |      |   |                        |   |   |   |
| Net                deferred loan costs and                fees                                     |   |                        | 2,136     |   |                        |   | 1,285 |   |
| Allowance                for loan                losses                                            |   |                        | (7,714    | )      |                        |   | (7,218 | ) |
| Loans,                net                                                                          |   |                        | 819,117   |   |                        |   | 756,180 |   |
|                                                                                               |   |                        |      |   |                        |   |   |   |
| Other                real estate                owned                                              |   |                        | 880       |   |                        |   | 562 |   |
| Premises                and equipment,                net                                          |   |                        | 10,600    |   |                        |   | 8,821 |   |
| Bank-owned                life                insurance                                            |   |                        | 6,652     |   |                        |   | 6,304 |   |
| Other                assets                                                                        |   |                        | 11,602    |   |                        |   | 9,395 |   |
|                                                                                               |   |                        |      |   |                        |   |   |   |
| Total                assets                                                                        |   | $                           | 1,079,281 |   |                        | $      | 1,009,433 |   |
|                                                                                               |   |                        |      |   |                        |   |   |   |
| Liabilities                and Stockholders'                Equity                                 |   |                        |      |   |                        |   |   |   |
|                                                                                               |   |                        |      |   |                        |   |   |   |
| Deposits:                                                                                          |   |                        |      |   |                        |   |   |   |
| Demand                                                                                             |   | $                           | 102,010   |   |                        | $      | 97,190 |   |
| NOW                                                                                                |   |                        | 35,207    |   |                        |   | 37,523 |   |
| Savings                                                                                            |   |                        | 65,711    |   |                        |   | 65,475 |   |
| Money                market                                                                        |   |                        | 168,107   |   |                        |   | 165,984 |   |
| Certificates                of                deposit                                              |   |                        | 347,647   |   |                        |   | 319,514 |   |
| Total                deposits                                                                      |   |                        | 718,682   |   |                        |   | 685,686 |   |
|                                                                                               |   |                        |      |   |                        |   |   |   |
| Federal                Home Loan Bank of Boston                advances                            |   |                        | 107,997   |   |                        |   | 169,806 |   |
| Repurchase                agreements                                                               |   |                        | 13,864    |   |                        |   | 10,425 |   |
| Escrow                funds held for                borrowers                                      |   |                        | 1,356     |   |                        |   | 1,121 |   |
| Capitalized                lease                obligation                                         |   |                        | 1,890     |   |                        |   | - |   |
| Accrued                expenses and other                liabilities                               |   |                        | 9,372     |   |                        |   | 4,684 |   |
| Total                liabilities                                                                   |   |                        | 853,161   |   |                        |   | 871,722 |   |
|                                                                                               |   |                        |      |   |                        |   |   |   |
| Stockholders'                Equity:                                                               |   |                        |      |   |                        |   |   |   |
| Preferred                stock ($0.01 par value;                50,000,000 shares authorized;      |   |                        |      |   |                        |   |   |   |
|  no                shares issued and                outstanding)                              |   |                        | -         |   |                        |   | - |   |
| Preferred                stock ($0.01 par value;                5,000,000 shares authorized;       |   |                        |      |   |                        |   |   |   |
|  no                shares issued and                outstanding)                              |   |                        | -         |   |                        |   | - |   |
| Common                stock ($0.01 par value;                100,000,000 shares authorized;        |   |                        |      |   |                        |   |   |   |
|  17,763,747                shares issued and                outstanding at December 31, 2007) |   |                        | 178       |   |                        |   | - |   |
| Common                stock ($0.01 par value;                60,000,000 shares authorized;         |   |                        |      |   |                        |   |   |   |
|  17,205,995                shares issued at                December 31, 2006)                 |   |                        | -         |   |                        |   | 172 |   |
| Additional                paid-in                capital                                           |   |                        | 165,920   |   |                        |   | 75,520 |   |
| Retained                earnings                                                                   |   |                        | 73,026    |   |                        |   | 70,406 |   |
| Unearned                compensation                                                               |   |                        | (12,835   | )      |                        |   | (5,772 | ) |
| Accumulated                other comprehensive                loss                                 |   |                        | (169      | )      |                        |   | (1,951 | ) |
| Treasury                stock, at cost (51,445                shares at December 31, 2006)         |   |                        | -         |   |                        |   | (664 | ) |
| Total                stockholders'                equity                                           |   |                        | 226,120   |   |                        |   | 137,711 |   |
|                                                                                               |   |                        |      |   |                        |   |   |   |
| Total                liabilities and                stockholders' equity                           |   | $                           | 1,079,281 |   |                        | $      | 1,009,433 |   |

----

| UNITED                  FINANCIAL BANCORP, INC. AND                  SUBSIDIARY    |
|------------------------------------------------------------------------------------|
| CONSOLIDATED                  INCOME                  STATEMENTS                   |
| (Amounts                  in thousands, except per                  share amounts) |

|                                                                                   |   |                                                 |   |   |                          |   |   |      |   |   |   |   |
|----------------------------------------------------------------------------------------|--------|------------------------------------------------------|--------|--------|-------------------------------|--------|--------|-----------|--------|--------|--------|--------|
|                                                                                   |   |                                                 |   |   |                          |   |   |      |   |   |   |   |
|                                                                                   |   | Three                  Months                  Ended |   |   | Years                  Ended  |   |
|                                                                                   |   | December                  31,                        |   |   | December                  31, |   |
|                                                                                   |   | 2007                                                 |   |   | 2006                          |   |   | 2007      |   |   | 2006   |   |
|                                                                                   |   | (unaudited)                                          |   |   | (unaudited)                   |   |   | (audited) |   |
|                                                                                   |   |                                                 |   |   |                          |   |   |      |   |   |   |   |
| Interest                  and dividend                  income:                        |   |                                                 |   |   |                          |   |   |      |   |   |   |   |
| Loans                                                                                  |   | $                                                    | 12,795 |   |                          | $      | 11,619 |      |   | $      | 49,812 |   |   | $ | 42,338 |   |
| Investments                                                                            |   |                                                 | 2,351  |   |                          |   | 2,082  |      |   |   | 8,200  |   |   |   | 8,843 |   |
| Other                  interest-earning                  assets                        |   |                                                 | 303    |   |                          |   | 235    |      |   |   | 1,238  |   |   |   | 1,021 |   |
| Total                  interest and dividend                  income                   |   |                                                 | 15,449 |   |                          |   | 13,936 |      |   |   | 59,250 |   |   |   | 52,202 |   |
|                                                                                   |   |                                                 |   |   |                          |   |   |      |   |   |   |   |   |   |   |   |
| Interest                  expense:                                                     |   |                                                 |   |   |                          |   |   |      |   |   |   |   |   |   |   |   |
| Deposits                                                                               |   |                                                 | 5,612  |   |                          |   | 5,105  |      |   |   | 21,942 |   |   |   | 18,696 |   |
| Borrowings                                                                             |   |                                                 | 2,014  |   |                          |   | 1,893  |      |   |   | 8,141  |   |   |   | 5,951 |   |
| Total                  interest                  expense                               |   |                                                 | 7,626  |   |                          |   | 6,998  |      |   |   | 30,083 |   |   |   | 24,647 |   |
|                                                                                   |   |                                                 |   |   |                          |   |   |      |   |   |   |   |   |   |   |   |
| Net                  interest income before                  provision for loan losses |   |                                                 | 7,823  |   |                          |   | 6,938  |      |   |   | 29,167 |   |   |   | 27,555 |   |
|                                                                                   |   |                                                 |   |   |                          |   |   |      |   |   |   |   |   |   |   |   |
| Provision                  for loan                  losses                            |   |                                                 | 385    |   |                          |   | 342    |      |   |   | 1,425  |   |   |   | 969 |   |
|                                                                                   |   |                                                 |   |   |                          |   |   |      |   |   |   |   |   |   |   |   |
| Net                  interest income after                  provision for loan losses  |   |                                                 | 7,438  |   |                          |   | 6,596  |      |   |   | 27,742 |   |   |   | 26,586 |   |
|                                                                                   |   |                                                 |   |   |                          |   |   |      |   |   |   |   |   |   |   |   |
| Non-interest                  income:                                                  |   |                                                 |   |   |                          |   |   |      |   |   |   |   |   |   |   |   |
| Loss                  on sales and write-downs of                  securities          |   |                                                 | (105   | )      |                          |   | (4     | )         |   |   | (275   | )      |   |   | (222 | ) |
| Fee                  income on depositors’                  accounts             |   |                                                 | 1,192  |   |                          |   | 1,062  |      |   |   | 4,432  |   |   |   | 4,190 |   |
| Wealth                  management                  income                             |   |                                                 | 201    |   |                          |   | 107    |      |   |   | 692    |   |   |   | 426 |   |
| Other                  income                                                          |   |                                                 | 202    |   |                          |   | 234    |      |   |   | 886    |   |   |   | 998 |   |
| Total                  non-interest                  income                            |   |                                                 | 1,490  |   |                          |   | 1,399  |      |   |   | 5,735  |   |   |   | 5,392 |   |
|                                                                                   |   |                                                 |   |   |                          |   |   |      |   |   |   |   |   |   |   |   |
| Non-interest                  expense:                                                 |   |                                                 |   |   |                          |   |   |      |   |   |   |   |   |   |   |   |
| Salaries                  and                  benefits                                |   |                                                 | 3,716  |   |                          |   | 3,715  |      |   |   | 14,835 |   |   |   | 12,888 |   |
| Occupancy                  expenses                                                    |   |                                                 | 484    |   |                          |   | 524    |      |   |   | 1,925  |   |   |   | 1,792 |   |
| Marketing                  expenses                                                    |   |                                                 | 326    |   |                          |   | 342    |      |   |   | 1,374  |   |   |   | 1,436 |   |
| Data                  processing                  expenses                             |   |                                                 | 729    |   |                          |   | 662    |      |   |   | 2,735  |   |   |   | 2,474 |   |
| Professional                  fees                                                     |   |                                                 | 404    |   |                          |   | 446    |      |   |   | 1,276  |   |   |   | 1,148 |   |
| Other                  expenses                                                        |   |                                                 | 1,027  |   |                          |   | 1,156  |      |   |   | 3,894  |   |   |   | 4,298 |   |
| Total                  non-interest                  expense                           |   |                                                 | 6,686  |   |                          |   | 6,845  |      |   |   | 26,039 |   |   |   | 24,036 |   |
|                                                                                   |   |                                                 |   |   |                          |   |   |      |   |   |   |   |   |   |   |   |
| Income                  before income                  taxes                           |   |                                                 | 2,242  |   |                          |   | 1,150  |      |   |   | 7,438  |   |   |   | 7,942 |   |
|                                                                                   |   |                                                 |   |   |                          |   |   |      |   |   |   |   |   |   |   |   |
| Income                  tax                  expense                                   |   |                                                 | 968    |   |                          |   | 384    |      |   |   | 3,061  |   |   |   | 3,018 |   |
|                                                                                   |   |                                                 |   |   |                          |   |   |      |   |   |   |   |   |   |   |   |
| Net                  income                                                            |   | $                                                    | 1,274  |   |                          | $      | 766    |      |   | $      | 4,377  |   |   | $ | 4,924 |   |
|                                                                                   |   |                                                 |   |   |                          |   |   |      |   |   |   |   |   |   |   |   |
| Earnings                  per                  share:                                  |   |                                                 |   |   |                          |   |   |      |   |   |   |   |   |   |   |   |
| Basic                                                                                  |   | $                                                    | 0.08   |   |                          | $      | 0.05   |      |   | $      | 0.26   |   |   | $ | 0.29 |   |
| Diluted                                                                                |   | $                                                    | 0.08   |   |                          | $      | 0.05   |      |   | $      | 0.26   |   |   | $ | 0.29 |   |
|                                                                                   |   |                                                 |   |   |                          |   |   |      |   |   |   |   |   |   |   |   |
| Weighted                  average shares                  outstanding:                 |   |                                                 |   |   |                          |   |   |      |   |   |   |   |   |   |   |   |
| Basic                                                                                  |   |                                                 | 16,732 |   |                          |   | 16,949 |      |   |   | 16,853 |   |   |   | 17,140 |   |
| Diluted                                                                                |   |                                                 | 16,762 |   |                          |   | 16,979 |      |   |   | 16,906 |   |   |   | 17,149 |   |

----

| UNITED                  FINANCIAL BANCORP, INC. AND                  SUBSIDIARY    |
|------------------------------------------------------------------------------------|
| SELECTED                  DATA AND RATIOS                  (unaudited)             |
| (Dollars                  in thousands, except per                  share amounts) |

|                                                                                                    |   |                                                             |      |   |                    |   |      |                   |   |   |                   |   |   |                   |      |
|---------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------|-----------|--------|-------------------------|--------|-----------|------------------------|--------|--------|------------------------|--------|--------|------------------------|-----------|
|                                                                                                    |   |                                                             |      |   |                    |   |      |                   |   |   |                   |   |   |                   |      |
|                                                                                                    |   | At                or For The Quarters                Ended  |      |
|                                                                                                    |   |                                                             |      |   |                    |   |      |                   |   |   |                   |   |   |                   |      |
|                                                                                                    |   | Dec.                31                                           |      |   | Sept.                30 |   |      | Jun.                30 |   |   | Mar.                31 |   |   | Dec.                31 |      |
|                                                                                                    |   | 2007                                                             |      |   | 2007                    |   |      | 2007                   |   |   | 2007                   |   |   | 2006                   |      |
|                                                                                                    |   |                                                             |      |   |                    |   |      |                   |   |   |                   |   |   |                   |      |
| Operating                Results:                                                                       |   |                                                             |      |   |                    |   |      |                   |   |   |                   |   |   |                   |      |
| Net                interest                income                                                       |   | $                                                                | 7,823     |   |                    | $      | 7,253     |                   |   | $      | 7,135                  |   |   | $                      | 6,956     |   |   | $ | 6,938 |   |
| Loan                loss                provision                                                       |   |                                                             | 385       |   |                    |   | 436       |                   |   |   | 320                    |   |   |                   | 284       |   |   |   | 342 |   |
| Non-interest                income                                                                      |   |                                                             | 1,490     |   |                    |   | 1,412     |                   |   |   | 1,435                  |   |   |                   | 1,398     |   |   |   | 1,399 |   |
| Non-interest                expenses                                                                    |   |                                                             | 6,686     |   |                    |   | 6,131     |                   |   |   | 6,575                  |   |   |                   | 6,647     |   |   |   | 6,845 |   |
| Net                income                                                                               |   |                                                             | 1,274     |   |                    |   | 1,291     |                   |   |   | 978                    |   |   |                   | 834       |   |   |   | 766 |   |
|                                                                                                    |   |                                                             |      |   |                    |   |      |                   |   |   |                   |   |   |                   |      |   |   |   |   |   |
| Performance                Ratios                (annualized):                                          |   |                                                             |      |   |                    |   |      |                   |   |   |                   |   |   |                   |      |   |   |   |   |   |
| Return                on average                assets                                                  |   |                                                             | 0.48      | %      |                    |   | 0.50      | %                      |   |   | 0.38                   | %      |   |                   | 0.33      | % |   |   | 0.31 | % |
| Return                on average                equity                                                  |   |                                                             | 3.02      | %      |                    |   | 3.69      | %                      |   |   | 2.82                   | %      |   |                   | 2.41      | % |   |   | 2.23 | % |
| Net                interest                margin                                                       |   |                                                             | 3.02      | %      |                    |   | 2.91      | %                      |   |   | 2.90                   | %      |   |                   | 2.82      | % |   |   | 2.89 | % |
| Non-interest                income to average                total assets                               |   |                                                             | 0.56      | %      |                    |   | 0.55      | %                      |   |   | 0.56                   | %      |   |                   | 0.55      | % |   |   | 0.57 | % |
| Non-interest                expense to average                total assets                              |   |                                                             | 2.50      | %      |                    |   | 2.38      | %                      |   |   | 2.58                   | %      |   |                   | 2.62      | % |   |   | 2.77 | % |
| Efficiency                ratio (excludes                gains/losses on sales of securities and loans) |   |                                                             | 70.99     | %      |                    |   | 69.63     | %                      |   |   | 76.34                  | %      |   |                   | 79.70     | % |   |   | 82.10 | % |
|                                                                                                    |   |                                                             |      |   |                    |   |      |                   |   |   |                   |   |   |                   |      |   |   |   |   |   |
| Per                Share                Data:                                                           |   |                                                             |      |   |                    |   |      |                   |   |   |                   |   |   |                   |      |   |   |   |   |   |
| Diluted                earnings per                share                                                |   | $                                                                | 0.08      |   |                    | $      | 0.08      |                   |   | $      | 0.06                   |   |   | $                      | 0.05      |   |   | $ | 0.05 |   |
| Book                value per                share                                                      |   | $                                                                | 12.73     |   |                    | $      | 8.28      |                   |   | $      | 8.12                   |   |   | $                      | 8.10      |   |   | $ | 8.03 |   |
| Market                price at period                end                                                |   | $                                                                | 11.10     |   |                    | $      | 12.55     |                   |   | $      | 14.14                  |   |   | $                      | 14.85     |   |   | $ | 13.80 |   |
|                                                                                                    |   |                                                             |      |   |                    |   |      |                   |   |   |                   |   |   |                   |      |   |   |   |   |   |
| Risk                Profile                                                                             |   |                                                             |      |   |                    |   |      |                   |   |   |                   |   |   |                   |      |   |   |   |   |   |
| Non-performing                assets as a percent                of total assets                        |   |                                                             | 0.25      | %      |                    |   | 0.18      | %                      |   |   | 0.29                   | %      |   |                   | 0.13      | % |   |   | 0.18 | % |
| Non-performing                loans as a percent                of total loans, gross                   |   |                                                             | 0.22      | %      |                    |   | 0.12      | %                      |   |   | 0.37                   | %      |   |                   | 0.17      | % |   |   | 0.17 | % |
| Allowance                for loan losses as a                percent of total loans, gross              |   |                                                             | 0.94      | %      |                    |   | 0.93      | %                      |   |   | 0.96                   | %      |   |                   | 0.94      | % |   |   | 0.95 | % |
| Allowance                for loan losses as a                percent of non-performing loans            |   |                                                             | 432.16    | %      |                    |   | 755.16    | %                      |   |   | 259.79                 | %      |   |                   | 570.35    | % |   |   | 560.40 | % |
| Equity                as a percentage of                assets                                          |   |                                                             | 20.95     | %      |                    |   | 13.28     | %                      |   |   | 13.55                  | %      |   |                   | 13.40     | % |   |   | 13.65 | % |
|                                                                                                    |   |                                                             |      |   |                    |   |      |                   |   |   |                   |   |   |                   |      |   |   |   |   |   |
| Average                Balances                                                                         |   |                                                             |      |   |                    |   |      |                   |   |   |                   |   |   |                   |      |   |   |   |   |   |
| Loans                                                                                                   |   | $                                                                | 820,164   |   |                    | $      | 812,756   |                   |   | $      | 797,751                |   |   | $                      | 776,301   |   |   | $ | 746,256 |   |
| Securities                                                                                              |   |                                                             | 193,099   |   |                    |   | 168,498   |                   |   |   | 166,163                |   |   |                   | 180,491   |   |   |   | 194,786 |   |
| Total                interest-earning                assets                                             |   |                                                             | 1,036,253 |   |                    |   | 998,336   |                   |   |   | 985,519                |   |   |                   | 985,112   |   |   |   | 959,649 |   |
| Total                assets                                                                             |   |                                                             | 1,069,060 |   |                    |   | 1,032,225 |                   |   |   | 1,018,509              |   |   |                   | 1,016,369 |   |   |   | 988,944 |   |
| Deposits                                                                                                |   |                                                             | 721,634   |   |                    |   | 720,330   |                   |   |   | 715,173                |   |   |                   | 691,532   |   |   |   | 688,103 |   |
| FHLB                advances                                                                            |   |                                                             | 157,819   |   |                    |   | 156,150   |                   |   |   | 149,853                |   |   |                   | 170,727   |   |   |   | 150,301 |   |
| Capital                                                                                                 |   |                                                             | 168,910   |   |                    |   | 139,820   |                   |   |   | 138,896                |   |   |                   | 138,296   |   |   |   | 137,222 |   |
|                                                                                                    |   |                                                             |      |   |                    |   |      |                   |   |   |                   |   |   |                   |      |   |   |   |   |   |
| Average                Yields/Rates                (annualized)                                         |   |                                                             |      |   |                    |   |      |                   |   |   |                   |   |   |                   |      |   |   |   |   |   |
| Loans                                                                                                   |   |                                                             | 6.24      | %      |                    |   | 6.26      | %                      |   |   | 6.19                   | %      |   |                   | 6.16      | % |   |   | 6.23 | % |
| Securities                                                                                              |   |                                                             | 4.87      | %      |                    |   | 4.79      | %                      |   |   | 4.46                   | %      |   |                   | 4.39      | % |   |   | 4.28 | % |
| Total                interest-earning                assets                                             |   |                                                             | 5.96      | %      |                    |   | 6.00      | %                      |   |   | 5.89                   | %      |   |                   | 5.81      | % |   |   | 5.81 | % |
|                                                                                                    |   |                                                             |      |   |                    |   |      |                   |   |   |                   |   |   |                   |      |   |   |   |   |   |
| Savings                accounts                                                                         |   |                                                             | 1.05      | %      |                    |   | 0.90      | %                      |   |   | 0.91                   | %      |   |                   | 0.86      | % |   |   | 0.84 | % |
| Money                market/NOW                accounts                                                 |   |                                                             | 2.71      | %      |                    |   | 2.81      | %                      |   |   | 2.76                   | %      |   |                   | 2.69      | % |   |   | 2.69 | % |
| Certificates                of                deposit                                                   |   |                                                             | 4.66      | %      |                    |   | 4.70      | %                      |   |   | 4.58                   | %      |   |                   | 4.50      | % |   |   | 4.48 | % |
| FHLBB                advances                                                                           |   |                                                             | 4.82      | %      |                    |   | 4.90      | %                      |   |   | 4.75                   | %      |   |                   | 4.74      | % |   |   | 4.79 | % |
| Total                interest-bearing                liabilities                                        |   |                                                             | 3.87      | %      |                    |   | 3.92      | %                      |   |   | 3.79                   | %      |   |                   | 3.77      | % |   |   | 3.72 | % |