----

----

----

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| x | Quarterly Report- Pursuant To Section 13 or 15(d) of the Securities Exchange Act of 1934 |
|---|----------------------------------------------------------------------------------------------------|

| o | Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
|---|-----------------------------------------------------------------------------------------------|

----

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| Maryland                                                      |   | 45-1496206                             |
|---------------------------------------------------------------|--------|----------------------------------------|
| (State or other jurisdiction ofincorporation or organization) |   | (I.R.S. EmployerIdentification Number) |
|                                                          |   |
| One Farm Glen Boulevard, Farmington, CT                       |   | 06032                                  |
| (Address of Principal Executive Offices)                      |   | (Zip Code)                             |

----

| Large accelerated filer |   | o      |    | Accelerated filer              |   | o |
|-----------------------------------|--------|--------|--------------|-------------------------------------|--------|---|
|                              |   |   |         |
| Non-accelerated filer             |   | x      |    | Smaller reporting company |   | o |

----

|                          |                                                                                                                     |   | Page   |
|-------------------------------|--------------------------------------------------------------------------------------------------------------------------|--------|--------|
|                          |                                                                                                                     |   |   |
| Part I. Financial Information |                                                                                                                     |   |
|                          |                                                                                                                     |   |   |
| Item 1.                       | Consolidated Financial Statements                                                                                        |   |   |
|                          |                                                                                                                     |   |   |
|                          | Consolidated Statements of Condition at September 30, 2011 (unaudited) and December 31, 2010                             |   | 1      |
|                          |                                                                                                                     |   |   |
|                          | Consolidated Statements of Operations for the three and nine months ended September 30, 2011 and 2010 (unaudited)        |   | 2      |
|                          |                                                                                                                     |   |   |
|                          | Consolidated Statement of Changes in Stockholders’ Equity for the nine months ended September 30, 2011 (unaudited) |   | 3      |
|                          |                                                                                                                     |   |   |
|                          | Consolidated Statements of Cash Flows for the nine months ended September 30, 2011 and 2010  (unaudited)       |   | 4      |
|                          |                                                                                                                     |   |   |
|                          | Notes to Unaudited Consolidated Financial Statements                                                                     |   | 5      |
|                          |                                                                                                                     |   |   |
| Item 2.                       | Management’s Discussion and Analysis of Financial Condition and Results of Operations                              |   | 41     |
|                          |                                                                                                                     |   |   |
| Item 3.                       | Quantitative and Qualitative Disclosures About Market Risk                                                               |   | 61     |
|                          |                                                                                                                     |   |   |
| Item 4.                       | Controls and Procedures                                                                                                  |   | 62     |
|                          |                                                                                                                     |   |   |
| Part II. Other Information    |                                                                                                                     |   |
|                          |                                                                                                                     |   |   |
| Item 1.                       | Legal Proceedings                                                                                                        |   | 62     |
|                          |                                                                                                                     |   |   |
| Item1A. Risk Factors          |                                                                                                                     | 62     |
|                          |                                                                                                                     |   |   |
| Item 2.                       | Unregistered Sales of Equity Securities and Use of Proceeds                                                              |   | 62     |
|                          |                                                                                                                     |   |   |
| Item 3.                       | Defaults Upon Senior Securities                                                                                          |   | 63     |
|                          |                                                                                                                     |   |   |
| Item 4.                       | (Removed and Reserved)                                                                                                   |   | 63     |
|                          |                                                                                                                     |   |   |
| Item 5.                       | Other Information                                                                                                        |   | 63     |
|                          |                                                                                                                     |   |   |
| Item 6.                       | Exhibits                                                                                                                 |   | 63     |
|                          |                                                                                                                     |   |   |
| Signatures                    |                                                                                                                     | 65     |
|                          |                                                                                                                     |   |   |
| Exhibit 31.1                  |                                                                                                                     | 66     |
| Exhibit 31.2                  |                                                                                                                     | 67     |
| Exhibit 32.1                  |                                                                                                                     | 68     |
| Exhibit 32.2                  |                                                                                                                     | 69     |

----

| First Connecticut Bancorp, Inc.Consolidated Statements of Condition  |
|---------------------------------------------------------------------------|

|                                                                                                  |   | September 30, 2011 |      |   | December 31, 2010 |   |
|-------------------------------------------------------------------------------------------------------|--------|--------------------|-----------|--------|-------------------|--------|
| (Dollars in thousands)                                                                                |   | (Unaudited)        |      |   |              |   |
| Assets                                                                                                |   |               |      |   |              |   |
| Cash and due from banks                                                                               |   | $                  | 37,554    |   |              | $      | 18,608 |   |
| Federal funds sold                                                                                    |   |               | 203,000   |   |              |   | - |   |
| Cash and cash equivalents                                                                             |   |               | 240,554   |   |              |   | 18,608 |   |
| Securities held-to-maturity, at amortized cost                                                        |   |               | 3,621     |   |              |   | 3,672 |   |
| Securities available-for-sale, at fair value                                                          |   |               | 160,743   |   |              |   | 163,008 |   |
| Loans held for sale                                                                                   |   |               | 778       |   |              |   | 862 |   |
| Loans, net                                                                                            |   |               | 1,211,514 |   |              |   | 1,157,917 |   |
| Premises and equipment, net                                                                           |   |               | 20,965    |   |              |   | 21,907 |   |
| Federal Home Loan Bank of Boston stock, at cost                                                       |   |               | 7,449     |   |              |   | 7,449 |   |
| Accrued income receivable                                                                             |   |               | 3,837     |   |              |   | 4,227 |   |
| Bank-owned life insurance                                                                             |   |               | 20,182    |   |              |   | 19,657 |   |
| Deferred income taxes                                                                                 |   |               | 13,858    |   |              |   | 11,408 |   |
| Prepaid expenses and other assets                                                                     |   |               | 13,075    |   |              |   | 7,915 |   |
| Total assets                                                                                          |   | $                  | 1,696,576 |   |              | $      | 1,416,630 |   |
| Liabilities and Stockholders’ Equity                                                            |   |               |      |   |              |   |   |   |
| Deposits                                                                                              |   |               |      |   |              |   |   |   |
| Interest-bearing                                                                                      |   | $                  | 1,065,434 |   |              | $      | 958,319 |   |
| Noninterest-bearing                                                                                   |   |               | 176,234   |   |              |   | 150,186 |   |
|                                                                                                  |   |               | 1,241,668 |   |              |   | 1,108,505 |   |
| FHLB advances                                                                                         |   |               | 63,000    |   |              |   | 71,000 |   |
| Repurchase agreement borrowings                                                                       |   |               | 21,000    |   |              |   | 21,000 |   |
| Mortgagors’ escrow accounts                                                                     |   |               | 6,568     |   |              |   | 9,717 |   |
| Repurchase liabilities                                                                                |   |               | 72,278    |   |              |   | 84,029 |   |
| Accrued expenses and other liabilities                                                                |   |               | 34,150    |   |              |   | 27,386 |   |
| Total liabilities                                                                                     |   |               | 1,438,664 |   |              |   | 1,321,637 |   |
|                                                                                                  |   |               |      |   |              |   |   |   |
| Commitments and contingencies                                                                         |   |               | -         |   |              |   | - |   |
|                                                                                                  |   |               |      |   |              |   |   |   |
| Stockholders’ Equity                                                                            |   |               |      |   |              |   |   |   |
| Common stock, $0.01 par value, 30,000,000 shares authorized, 17,880,200 shares issued and outstanding |   |               | 179       |   |              |   | - |   |
| Additional paid-in-capital                                                                            |   |               | 174,743   |   |              |   | - |   |
| Unallocated common stock held by ESOP                                                                 |   |               | (9,184    | )      |              |   | - |   |
| Retained earnings                                                                                     |   |               | 94,927    |   |              |   | 97,513 |   |
| Accumulated other comprehensive loss                                                                  |   |               | (2,753    | )      |              |   | (2,520 | ) |
| Total stockholders’ equity                                                                      |   |               | 257,912   |   |              |   | 94,993 |   |
| Total liabilities and stockholders’ equity                                                      |   | $                  | 1,696,576 |   |              | $      | 1,416,630 |   |

----

| First Connecticut Bancorp, Inc.Consolidated Statements of Operations (Unaudited) |
|----------------------------------------------------------------------------------|

|                                                       |   | Three Months Ended |       |   | Nine Months Ended |   |
|------------------------------------------------------------|--------|--------------------|------------|--------|-------------------|--------|
|                                                       |   | September 30,      |       |   | September 30,     |   |
| (Dollars in thousands, except Per Share data)              |   | 2011               |       |   | 2010              |   |   | 2011 |   |   | 2010 |   |
| Interest income                                            |   |               |       |   |              |   |   |   |   |   |   |   |
| Interest and fees on loans                                 |   |               |       |   |              |   |   |   |   |   |   |   |
| Mortgage                                                   |   | $                  | 10,573     |   |              | $      | 10,838 |   |   | $ | 31,716 |   |   | $ | 31,675 |   |
|     Other                                   |   |               | 3,531      |   |              |   | 3,619 |   |   |   | 10,679 |   |   |   | 10,165 |   |
| Interest and dividends on investments                      |   |               |       |   |              |   |   |   |   |   |   |   |   |   |   |   |
| United States Government and agency obligations            |   |               | 309        |   |              |   | 989 |   |   |   | 1,104 |   |   |   | 3,358 |   |
| Other bonds                                                |   |               | 34         |   |              |   | 59 |   |   |   | 140 |   |   |   | 174 |   |
| Corporate stocks                                           |   |               | 68         |   |              |   | 100 |   |   |   | 206 |   |   |   | 296 |   |
| Other interest income                                      |   |               | 144        |   |              |   | 58 |   |   |   | 219 |   |   |   | 92 |   |
| Total interest income                                      |   |               | 14,659     |   |              |   | 15,663 |   |   |   | 44,064 |   |   |   | 45,760 |   |
| Interest expense                                           |   |               |       |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Deposits                                                   |   |               | 1,886      |   |              |   | 2,059 |   |   |   | 5,792 |   |   |   | 6,160 |   |
| Interest on borrowed funds                                 |   |               | 519        |   |              |   | 555 |   |   |   | 1,575 |   |   |   | 1,612 |   |
| Interest on repo borrowings                                |   |               | 182        |   |              |   | 182 |   |   |   | 540 |   |   |   | 540 |   |
| Interest on repurchase liabilities                         |   |               | 85         |   |              |   | 111 |   |   |   | 305 |   |   |   | 295 |   |
| Total interest expense                                     |   |               | 2,672      |   |              |   | 2,907 |   |   |   | 8,212 |   |   |   | 8,607 |   |
| Net interest income                                        |   |               | 11,987     |   |              |   | 12,756 |   |   |   | 35,852 |   |   |   | 37,153 |   |
| Provision for allowance for loan losses                    |   |               | 300        |   |              |   | 2,488 |   |   |   | 900 |   |   |   | 3,688 |   |
| Net interest income after provision for loan losses        |   |               | 11,687     |   |              |   | 10,268 |   |   |   | 34,952 |   |   |   | 33,465 |   |
| Noninterest income                                         |   |               |       |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Fees for customer services                                 |   |               | 852        |   |              |   | 800 |   |   |   | 2,499 |   |   |   | 2,226 |   |
| Net gain on sales of investments                           |   |               | 89         |   |              |   | 965 |   |   |   | 89 |   |   |   | 965 |   |
| Net gain on loans sold                                     |   |               | 284        |   |              |   | 299 |   |   |   | 629 |   |   |   | 323 |   |
| Brokerage and insurance fee income                         |   |               | 30         |   |              |   | 102 |   |   |   | 164 |   |   |   | 317 |   |
| Bank-owned life insurance income                           |   |               | 177        |   |              |   | 187 |   |   |   | 525 |   |   |   | 485 |   |
| Other                                                      |   |               | 296        |   |              |   | 61 |   |   |   | 532 |   |   |   | 369 |   |
| Total noninterest income                                   |   |               | 1,728      |   |              |   | 2,414 |   |   |   | 4,438 |   |   |   | 4,685 |   |
| Noninterest expense                                        |   |               |       |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Salaries and employee benefits                             |   |               | 7,065      |   |              |   | 5,656 |   |   |   | 21,106 |   |   |   | 16,615 |   |
| Occupancy expense                                          |   |               | 1,129      |   |              |   | 1,017 |   |   |   | 3,460 |   |   |   | 3,076 |   |
| Furniture and equipment expense                            |   |               | 1,038      |   |              |   | 1,116 |   |   |   | 3,003 |   |   |   | 2,967 |   |
| FDIC assessment                                            |   |               | 56         |   |              |   | 502 |   |   |   | 1,126 |   |   |   | 1,318 |   |
| Marketing                                                  |   |               | 505        |   |              |   | 628 |   |   |   | 1,636 |   |   |   | 1,799 |   |
| Contribution to Farmington Bank Community Foundation, Inc. |   |               | -          |   |              |   | - |   |   |   | 6,877 |   |   |   | - |   |
| Other operating expenses                                   |   |               | 2,152      |   |              |   | 1,836 |   |   |   | 6,325 |   |   |   | 5,101 |   |
| Total noninterest expense                                  |   |               | 11,945     |   |              |   | 10,755 |   |   |   | 43,533 |   |   |   | 30,876 |   |
| Income (loss) before income taxes                          |   |               | 1,470      |   |              |   | 1,927 |   |   |   | (4,143 | ) |   |   | 7,274 |   |
| Income tax expense (benefit)                               |   |               | 427        |   |              |   | 533 |   |   |   | (1,557 | ) |   |   | 2,260 |   |
| Net income (loss)                                          |   | $                  | 1,043      |   |              | $      | 1,394 |   |   | $ | (2,586 | ) |   | $ | 5,014 |   |
|                                                       |   |               |       |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Net income (loss) per share (See Note 2):                  |   |               |       |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Basic and Diluted (1)                                      |   | $                  | 0.06       |   |              |   | N/A |   |   | $ | (0.20 | ) |   |   | N/A |   |
|                                                       |   |               |       |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average shares outstanding:                       |   |               |       |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Basic and Diluted                                          |   |               | 17,244,019 |   |              |   | N/A |   |   |   | 17,254,646 |   |   |   | N/A |   |
|                                                       |   |               |       |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Pro forma net income (loss) per share (2):                 |   |               |       |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Basic and Diluted                                          |   | $                  | 0.06       |   |              | $      | 0.08 |   |   | $ | (0.15 | ) |   | $ | 0.29 |   |

| (1)=   | Net loss per share for the nine months ended September 30, 2011 reflects earnings for the period from June 29, 2011, the date the Company completed a Plan of Conversion and Reorganization to September 30, 2011. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                               |
| (2)=   | Pro forma net income (loss) per share assumes the Company’s shares are outstanding for all periods prior to the completion of the Plan of Conversion and Reorganization on June 29, 2011.                    |

----

| First Connecticut Bancorp, Inc.Consolidated Statement of Changes in Stockholders’ Equity (Unaudited)  |
|------------------------------------------------------------------------------------------------------------------|

|                                                                                                                                              |   |         |       |   |    |   |   |        |   |   |        |   |   |     |   |   | Accumulated OtherComprehensive (Loss) Income |   |   |              |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------|------------|--------|---------|--------|--------|-------------|--------|--------|-------------|--------|--------|----------|--------|--------|----------------------------------------------|--------|--------|-------------------|--------|
|                                                                                                                                              |   |         |       |   |    |   |   |        |   |   |        |   |   |     |   |   | Unrealized Gain                              |   |   | Related to        |   |   |   |   |
|                                                                                                                                              |   |         |       |   |    |   |   |        |   |   | Unallocated |   |   |     |   |   | on Securities                                |   |   | Employee Benefits |   |   |   |   |
|                                                                                                                                              |   |         |       |   |    |   |   | Additional  |   |   | Common      |   |   |     |   |   | Available-for-Sale,                          |   |   | Plans,            |   |   |   |   |
|                                                                                                                                              |   | Common Stock |       |   | Paid in |   |   | Shares Held |   |   | Retained    |   |   | Net of   |   |   | Net of                                       |   |   |              |   |
| For the Nine Months Ended September 30, 2011                                                                                                      |   | Shares       |       |   | Amount  |   |   | Capital     |   |   | by ESOP     |   |   | Earnings |   |   | Tax Effect                                   |   |   | Tax Effect        |   |   | Total |   |
| (Dollars in thousands)                                                                                                                            |   |         |       |   |    |   |   |        |   |   |        |   |   |     |   |   |                                         |   |   |              |   |   |   |   |
|                                                                                                                                              |   |         |       |   |    |   |   |        |   |   |        |   |   |     |   |   |                                         |   |   |              |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance at December 31, 2010                                                                                                                      |   |         | -          |   |    | $      | -      |        |   | $      | -           |   |   | $        | -      |   |                                         | $      | 97,513 |              |   | $ | 1,111 |   |   | $ | (3,631 | ) |   | $ | 94,993 |   |
| Issuance of common stock for initial public offering, net of expenses of $4.1 million (Note 1)                                               |   |         | 17,192,500 |   |    |   | 172    |        |   |   | 167,628     |   |   |     | -      |   |                                         |   | -      |              |   |   | - |   |   |   | - |   |   |   | 167,800 |   |
| Issuance of common stock to Farmington Bank Community Foundation, Inc. including additional tax benefit due to higher basis for tax purposes |   |         | 687,700    |   |    |   | 7      |        |   |   | 7,123       |   |   |     | -      |   |                                         |   | -      |              |   |   | - |   |   |   | - |   |   |   | 7,130 |   |
| Purchase of common stock for Employee Stock Ownership Plan “ESOP”                                                                     |   |         | -          |   |    |   | -      |        |   |   | (8          | )      |   |     | (9,717 | )      |                                         |   | -      |              |   |   | - |   |   |   | - |   |   |   | (9,725 | ) |
| ESOP shares committed to be released                                                                                                              |   |         | -          |   |    |   | -      |        |   |   | -           |   |   |     | 533    |   |                                         |   | -      |              |   |   | - |   |   |   | - |   |   |   | 533 |   |
| Comprehensive (loss) income:                                                                                                                      |   |         |       |   |    |   |   |        |   |   |        |   |   |     |   |   |                                         |   |   |              |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss                                                                                                                                          |   |         | -          |   |    |   | -      |        |   |   | -           |   |   |     | -      |   |                                         |   | (2,586 | )                 |   |   | - |   |   |   | - |   |   |   | (2,586 | ) |
| Change in accumulated other comprehensive loss related to employee benefit plans, net of tax effects                                              |   |         | -          |   |    |   | -      |        |   |   | -           |   |   |     | -      |   |                                         |   | -      |              |   |   | - |   |   |   | 107 |   |   |   | 107 |   |
| Decrease in unrealized gain on available-for-sale securities, net of tax effects                                                             |   |         | -          |   |    |   | -      |        |   |   | -           |   |   |     | -      |   |                                         |   | -      |              |   |   | (340 | ) |   |   | - |   |   |   | (340 | ) |
| Total comprehensive loss                                                                                                                          |   |         |       |   |    |   |   |        |   |   |        |   |   |     |   |   |                                         |   |   |              |   |   |   |   |   |   |   |   |   |   | (2,819 | ) |
| Balance at September 30, 2011                                                                                                                     |   |         | 17,880,200 |   |    | $      | 179    |        |   | $      | 174,743     |   |   | $        | (9,184 | )      |                                         | $      | 94,927 |              |   | $ | 771 |   |   | $ | (3,524 | ) |   | $ | 257,912 |   |

----

| First Connecticut Bancorp, Inc.Consolidated Statements of Cash Flows (Unaudited)  |
|----------------------------------------------------------------------------------------|

|                                                                                               |   | Nine Months Ended |     |
|----------------------------------------------------------------------------------------------------|--------|-------------------|----------|
|                                                                                               |   | September 30,     |     |
| (Dollars in thousands)                                                                             |   | 2011              |     |   | 2010 |   |
| Cash flows from operating activities                                                               |   |              |     |   |   |   |
| Net (loss) income                                                                                  |   | $                 | (2,586   | ) |   | $ | 5,014 |   |
| Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities: |   |              |     |   |   |   |   |   |
| Provision for allowance for loan losses                                                            |   |              | 900      |   |   |   | 3,688 |   |
| Provision for off-balance sheet commitments                                                        |   |              | 34       |   |   |   | 4 |   |
| Depreciation and amortization                                                                      |   |              | 2,310    |   |   |   | 2,198 |   |
| Gain on sale of investments                                                                        |   |              | (89      | ) |   |   | (965 | ) |
| Amortization of ESOP expense                                                                       |   |              | 533      |   |   |   | - |   |
| Contribution of stock to Farmington Bank Community Foundation, Inc.                                |   |              | 6,877    |   |   |   | - |   |
| Loans originated for sale                                                                          |   |              | (39,048  | ) |   |   | (13,087 | ) |
| Proceeds from the sale of loans held for sale                                                      |   |              | 38,899   |   |   |   | 9,978 |   |
| Net gain on loans sold                                                                             |   |              | (629     | ) |   |   | (323 | ) |
| Loss on sale of foreclosed real estate                                                             |   |              | -        |   |   |   | 48 |   |
| Accretion and amortization of investment security discounts and premiums, net                      |   |              | (94      | ) |   |   | 133 |   |
| Amortization and accretion of loan fees and discounts, net                                         |   |              | (106     | ) |   |   | (335 | ) |
| Decrease (increase) in accrued income receivable                                                   |   |              | 390      |   |   |   | (27 | ) |
| Deferred income tax benefit                                                                        |   |              | (2,077   | ) |   |   | (661 | ) |
| Increase in cash surrender value of bank-owned life insurance                                      |   |              | (525     | ) |   |   | (485 | ) |
| Increase in prepaid expenses and other assets                                                      |   |              | (5,156   | ) |   |   | (13,259 | ) |
| Increase in accrued expenses and other liabilities                                                 |   |              | 6,892    |   |   |   | 2,490 |   |
| Net cash provided by (used in) operating activities                                                |   |              | 6,525    |   |   |   | (5,589 | ) |
| Cash flow from investing activities                                                                |   |              |     |   |   |   |   |   |
| Maturities of securities held-to-maturity                                                          |   |              | 260      |   |   |   | - |   |
| Sales and maturities of securities available-for-sale                                              |   |              | 304,013  |   |   |   | 114,835 |   |
| Purchases of securities held-to-maturity                                                           |   |              | (209     | ) |   |   | (259 | ) |
| Purchases of securities available-for-sale                                                         |   |              | (302,080 | ) |   |   | (141,708 | ) |
| Loan originations, net of principal repayments                                                     |   |              | (53,677  | ) |   |   | (102,321 | ) |
| Proceeds from sale of foreclosed real estate                                                       |   |              | 144      |   |   |   | 374 |   |
| Purchases of bank-owned life insurance                                                             |   |              | -        |   |   |   | (5,007 | ) |
| Purchases of premises and equipment                                                                |   |              | (1,368   | ) |   |   | (3,596 | ) |
| Net cash used in investing activities                                                              |   |              | (52,917  | ) |   |   | (137,682 | ) |
| Cash flows from financing activities                                                               |   |              |     |   |   |   |   |   |
| Proceeds from common stock offering, net of offering cost                                          |   |              | 167,800  |   |   |   | - |   |
| Purchase of common stock for ESOP                                                                  |   |              | (9,725   | ) |   |   | - |   |
| Net (decrease) increase in borrowings                                                              |   |              | (8,000   | ) |   |   | 6,000 |   |
| Net increase in demand deposits, NOW accounts, savings accounts and money market accounts          |   |              | 175,501  |   |   |   | 265,637 |   |
| Net decrease in certificates of deposit                                                            |   |              | (42,338  | ) |   |   | (28,497 | ) |
| Net (decrease) increase in repurchase liabilities                                                  |   |              | (11,751  | ) |   |   | 10,674 |   |
| Change in mortgagors’ escrow accounts                                                        |   |              | (3,149   | ) |   |   | (3,268 | ) |
| Net cash provided by financing activities                                                          |   |              | 268,338  |   |   |   | 250,546 |   |
| Net increase in cash and cash equivalents                                                          |   |              | 221,946  |   |   |   | 107,275 |   |
| Cash and cash equivalents at beginning of period                                                   |   |              | 18,608   |   |   |   | 28,299 |   |
| Cash and cash equivalents at end of period                                                         |   | $                 | 240,554  |   |   | $ | 135,574 |   |
|                                                                                               |   |              |     |   |   |   |   |   |
| Supplemental disclosure of cash flow information                                                   |   |              |     |   |   |   |   |   |
| Cash paid for interest                                                                             |   | $                 | 8,223    |   |   | $ | 8,604 |   |
| Cash paid for income taxes                                                                         |   |              | 854      |   |   |   | 2,282 |   |
| Loans transferred to other real estate owned                                                       |   |              | 148      |   |   |   | 128 |   |

----

| First Connecticut Bancorp, Inc.Notes to Consolidated Financial Statements (Unaudited)  |
|---------------------------------------------------------------------------------------------|

| 1. |  Nature of Operations and Basis of Presentation |
|----|------------------------------------------------------|

----

| First Connecticut Bancorp, Inc.Notes to Consolidated Financial Statements (Unaudited)  |
|---------------------------------------------------------------------------------------------|

----

| First Connecticut Bancorp, Inc.Notes to Consolidated Financial Statements (Unaudited)  |
|---------------------------------------------------------------------------------------------|

----

| First Connecticut Bancorp, Inc.Notes to Consolidated Financial Statements (Unaudited)  |
|---------------------------------------------------------------------------------------------|

| 2. |  Earnings Per Share |
|----|--------------------------|

----

| First Connecticut Bancorp, Inc.Notes to Consolidated Financial Statements (Unaudited)  |
|---------------------------------------------------------------------------------------------|

|                                                 |   | For the three months ending September 30, 2011 |       |   | For the Period from June 29, 2011 to September 30, 2011 |   |
|------------------------------------------------------|--------|------------------------------------------------|------------|--------|---------------------------------------------------------|--------|
|                                                 |   |                                           |       |   |                                                    |   |
|  (Dollars in thousands, except Per Share data): |   |                                           |       |   |                                                    |   |
|                                                 |   |                                           |       |   |                                                    |   |
| Net income (loss)                                    |   | $                                              | 1,043      |   |                                                    | $      | (3,451 | ) |
|                                                 |   |                                           |       |   |                                                    |   |   |   |
| Weighted-average common shares                       |   |                                           | 17,244,019 |   |                                                    |   | 17,254,646 |   |
|                                                 |   |                                           |       |   |                                                    |   |   |   |
| Net income (loss) per common share:                  |   |                                           |       |   |                                                    |   |   |   |
| Basic and Diluted                                    |   | $                                              | 0.06       |   |                                                    | $      | (0.20 | ) |

----

| First Connecticut Bancorp, Inc.Notes to Consolidated Financial Statements (Unaudited)  |
|---------------------------------------------------------------------------------------------|

| 3. |  Investment Securities |
|----|-----------------------------|

|                                                        |   | September 30, 2011 |    |
|-------------------------------------------------------------|--------|--------------------|---------|
|                                                        |   |               |    |   | Gross |   |   | Gross |   |   |   |   |
|                                                        |   | Amortized          |    |   | Unrealized |   |   | Unrealized |   |   | Market |   |
|  (Dollars in thousands)                                |   | Cost               |    |   | Gains |   |   | Losses |   |   | Value |   |
|  Available-for-sale                                    |   |               |    |   |   |   |   |   |   |   |   |   |
| Debt securities:                                            |   |               |    |   |   |   |   |   |   |   |   |   |
| U.S. Treasury obligations                                   |   | $                  | 130,998 |   |   | $ | - |   |   | $ | - |   |   | $ | 130,998 |   |
| Government sponsored residential mortgage-backed securities |   |               | 21,687  |   |   |   | 1,412 |   |   |   | (3 | ) |   |   | 23,096 |   |
| Corporate debt securities                                   |   |               | 1,000   |   |   |   | 115 |   |   |   | - |   |   |   | 1,115 |   |
| Trust preferred debt securities                             |   |               | 42      |   |   |   | - |   |   |   | - |   |   |   | 42 |   |
| Preferred equity securities                                 |   |               | 2,100   |   |   |   | 164 |   |   |   | (559 | ) |   |   | 1,705 |   |
| Marketable equity securities                                |   |               | 348     |   |   |   | 11 |   |   |   | (6 | ) |   |   | 353 |   |
| Mutual funds                                                |   |               | 3,399   |   |   |   | 35 |   |   |   | - |   |   |   | 3,434 |   |
| Total securities available-for-sale                         |   | $                  | 159,574 |   |   | $ | 1,737 |   |   | $ | (568 | ) |   | $ | 160,743 |   |
|  Held-to-maturity                                      |   |               |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Government sponsored residential mortgage-backed securities |   | $                  | 9       |   |   | $ | - |   |   | $ | - |   |   | $ | 9 |   |
| Municipal debt securities                                   |   |               | 612     |   |   |   | - |   |   |   | - |   |   |   | 612 |   |
| Trust preferred debt security                               |   |               | 3,000   |   |   |   | - |   |   |   | - |   |   |   | 3,000 |   |
| Total securities held-to-maturity                           |   | $                  | 3,621   |   |   | $ | - |   |   | $ | - |   |   | $ | 3,621 |   |
|                                                        |   |               |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                        |   |               |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                        |   | December 31, 2010  |    |
|                                                        |   |               |    |   |   | Gross |   |   | Gross |   |   |   |   |   |
|                                                        |   | Amortized          |    |   | Unrealized |   |   | Unrealized |   |   | Market |   |
|  (Dollars in thousands)                                |   | Cost               |    |   | Gains |   |   | Losses |   |   | Value |   |
|  Available-for-sale                                    |   |               |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Debt securities:                                            |   |               |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| U.S. Treasury obligations                                   |   | $                  | 112,973 |   |   | $ | 2 |   |   | $ | - |   |   | $ | 112,975 |   |
| U.S. Government agency obligations                          |   |               | 11,004  |   |   |   | 76 |   |   |   | - |   |   |   | 11,080 |   |
| Government sponsored residential mortgage-backed securities |   |               | 30,516  |   |   |   | 1,780 |   |   |   | (2 | ) |   |   | 32,294 |   |
| Corporate debt securities                                   |   |               | 1,000   |   |   |   | 52 |   |   |   | - |   |   |   | 1,052 |   |
| Trust preferred debt securities                             |   |               | 44      |   |   |   | - |   |   |   | - |   |   |   | 44 |   |
| Preferred equity securities                                 |   |               | 2,110   |   |   |   | 43 |   |   |   | (293 | ) |   |   | 1,860 |   |
| Marketable equity securities                                |   |               | 398     |   |   |   | 10 |   |   |   | (2 | ) |   |   | 406 |   |
| Mutual funds                                                |   |               | 3,280   |   |   |   | 17 |   |   |   | - |   |   |   | 3,297 |   |
| Total securities available-for-sale                         |   | $                  | 161,325 |   |   | $ | 1,980 |   |   | $ | (297 | ) |   | $ | 163,008 |   |
|  Held-to-maturity                                      |   |               |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Government sponsored residential mortgage-backed securities |   | $                  | 9       |   |   | $ | - |   |   | $ | - |   |   |   | 9 |   |
| Municipal debt securities                                   |   |               | 663     |   |   |   | - |   |   |   | - |   |   |   | 663 |   |
| Trust preferred debt security                               |   |               | 3,000   |   |   |   | - |   |   |   | - |   |   |   | 3,000 |   |
| Total securities held-to-maturity                           |   | $                  | 3,672   |   |   | $ | - |   |   | $ | - |   |   | $ | 3,672 |   |

----

| First Connecticut Bancorp, Inc.Notes to Consolidated Financial Statements (Unaudited)  |
|---------------------------------------------------------------------------------------------|

|                                                        |   | Less than 12 Months |   |   | 12 Months or More |   |   | Total  |   |
|-------------------------------------------------------------|--------|---------------------|--------|--------|-------------------|--------|--------|--------|--------|
|                                                        |   |                |   |   | Gross             |   |   |   |   |   | Gross |   |   |   |   |   | Gross |   |
|                                                        |   | Fair                |   |   | Unrealized        |   |   | Fair   |   |   | Unrealized |   |   | Fair |   |   | Unrealized |   |
|  (Dollars in thousands)                                |   | Value               |   |   | Loss              |   |   | Value  |   |   | Loss |   |   | Value |   |   | Loss |   |
|  September 30, 2011                                    |   |                |   |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Available-for-sale:                                   |   |                |   |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Government sponsored residential mortgage-backed securities |   | $                   | -      |   |              | $      | -      |   |   | $ | 166 |   |   | $ | (3 | ) |   | $ | 166 |   |   | $ | (3 | ) |
|   Preferred equity securities                     |   |                | 87     |   |              |   | (13    | )      |   |   | 1,454 |   |   |   | (546 | ) |   |   | 1,541 |   |   |   | (559 | ) |
|   Marketable equity securities                    |   |                | 47     |   |              |   | (2     | )      |   |   | 3 |   |   |   | (4 | ) |   |   | 50 |   |   |   | (6 | ) |
| Total                                                       |   | $                   | 134    |   |              | $      | (15    | )      |   | $ | 1,623 |   |   | $ | (553 | ) |   | $ | 1,757 |   |   | $ | (568 | ) |
|                                                        |   |                |   |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  December  31, 2010                          |   |                |   |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Available-for-sale:                                   |   |                |   |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Government sponsored residential mortgage-backed securities |   | $                   | -      |   |              | $      | -      |   |   | $ | 335 |   |   | $ | (2 | ) |   | $ | 335 |   |   | $ | (2 | ) |
|   Preferred equity securities                     |   |                | 95     |   |              |   | (5     | )      |   |   | 1,722 |   |   |   | (288 | ) |   |   | 1,817 |   |   |   | (293 | ) |
|   Marketable equity securities                    |   |                | -      |   |              |   | -      |   |   |   | 5 |   |   |   | (2 | ) |   |   | 5 |   |   |   | (2 | ) |
| Total                                                       |   | $                   | 95     |   |              | $      | (5     | )      |   | $ | 2,062 |   |   | $ | (292 | ) |   | $ | 2,157 |   |   | $ | (297 | ) |

----

| First Connecticut Bancorp, Inc.Notes to Consolidated Financial Statements (Unaudited)  |
|---------------------------------------------------------------------------------------------|

|                                                              |   | September 30, 2011 |    |
|-------------------------------------------------------------------|--------|--------------------|---------|
|                                                              |   | Available for Sale |    |   | Held to Maturity |   |
|                                                              |   |               |    |   | Estimated |   |   |   |   |   | Estimated |   |
|                                                              |   | Amortized          |    |   | Market |   |   | Amortized |   |   | Market |   |
|                                                              |   | Cost               |    |   | Value |   |   | Cost |   |   | Value |   |
|  (Dollars in thousands)                                      |   |               |    |   |   |   |   |   |   |   |   |   |
|  Due in one year or less                                     |   | $                  | 130,998 |   |   | $ | 130,998 |   |   | $ | 612 |   |   | $ | 612 |   |
|  Due after one year through five years                       |   |               | -       |   |   |   | - |   |   |   | - |   |   |   | - |   |
|  Due after five years through ten years                      |   |               | 1,000   |   |   |   | 1,115 |   |   |   | - |   |   |   | - |   |
|  Due after ten years                                         |   |               | 42      |   |   |   | 42 |   |   |   | 3,000 |   |   |   | 3,000 |   |
|  Government sponsored residential mortgage-backed securities |   |               | 21,687  |   |   |   | 23,096 |   |   |   | 9 |   |   |   | 9 |   |
|                                                              |   | $                  | 153,727 |   |   | $ | 155,251 |   |   | $ | 3,621 |   |   | $ | 3,621 |   |

| 4. |  Loans and Allowance for Loan Losses |
|----|-------------------------------------------|

|                       |   | September 30, 2011 |      |   | December 31, 2010 |   |
|----------------------------|--------|--------------------|-----------|--------|------------------------|--------|
| (Dollars in thousands)     |   |               |      |   |                   |   |
| Real estate                |   |               |      |   |                   |   |
| Residential                |   | $                  | 471,816   |   |                   | $      | 453,557 |   |
| Commercial                 |   |               | 389,166   |   |                   |   | 361,838 |   |
| Construction               |   |               | 50,622    |   |                   |   | 46,623 |   |
| Installment                |   |               | 11,290    |   |                   |   | 12,597 |   |
| Commercial                 |   |               | 125,469   |   |                   |   | 112,535 |   |
| Collateral                 |   |               | 2,290     |   |                   |   | 1,941 |   |
| Home equity line of credit |   |               | 98,658    |   |                   |   | 81,837 |   |
| Demand                     |   |               | 42        |   |                   |   | 227 |   |
| Revolving credit           |   |               | 92        |   |                   |   | 84 |   |
| Resort                     |   |               | 75,860    |   |                   |   | 105,215 |   |
| Total loans                |   |               | 1,225,305 |   |                   |   | 1,176,454 |   |
| Less:                      |   |               |      |   |                   |   |   |   |
| Allowance for loan losses  |   |               | (16,094   | )      |                   |   | (20,734 | ) |
| Net deferred loan costs    |   |               | 2,303     |   |                   |   | 2,197 |   |
| Loans, net                 |   | $                  | 1,211,514 |   |                   | $      | 1,157,917 |   |

----

| First Connecticut Bancorp, Inc.Notes to Consolidated Financial Statements (Unaudited)  |
|---------------------------------------------------------------------------------------------|

|                           |   | For the Three Months Ended September 30, |   |   | For the Nine Months Ended September 30, |   |
|--------------------------------|--------|-----------------------------------------------|--------|--------|----------------------------------------------|--------|
| (Dollars in thousands)         |   | 2011                                          |   |   | 2010                                         |   |   | 2011 |   |   | 2010 |   |
| Balance at beginning of period |   | $                                             | 15,912 |   |                                         | $      | 16,169 |   |   | $ | 20,734 |   |   | $ | 16,316 |   |
| Provision for loan losses      |   |                                          | 300    |   |                                         |   | 2,488 |   |   |   | 900 |   |   |   | 3,688 |   |
| Charge-offs                    |   |                                          | (122   | )      |                                         |   | (478 | ) |   |   | (5,561 | ) |   |   | (1,854 | ) |
| Recoveries                     |   |                                          | 4      |   |                                         |   | 17 |   |   |   | 21 |   |   |   | 46 |   |
| Balance at end of period       |   | $                                             | 16,094 |   |                                         | $      | 18,196 |   |   | $ | 16,094 |   |   | $ | 18,196 |   |

|                       |   | For the Three Months Ended September 30, 2011 |   |
|----------------------------|--------|-----------------------------------------------|--------|
|                       |   | Balance at beginning of period                |   |   | Charge-offs |   |   | Recoveries |   |   | Provision for (Reduction) loan losses |   |   | Balance at end of period |   |
| (Dollars in thousands)     |   |                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Real estate                |   |                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Residential                |   | $                                             | 3,484  |   |   | $ | - |   |   | $ | - |   |   | $ | (350 | ) |   | $ | 3,134 |   |
| Commercial                 |   |                                          | 6,500  |   |   |   | (25 | ) |   |   | - |   |   |   | 917 |   |   |   | 7,392 |   |
| Construction               |   |                                          | 602    |   |   |   | - |   |   |   | - |   |   |   | 55 |   |   |   | 657 |   |
| Installment                |   |                                          | 78     |   |   |   | - |   |   |   | - |   |   |   | 16 |   |   |   | 94 |   |
| Commercial                 |   |                                          | 1,858  |   |   |   | (34 | ) |   |   | - |   |   |   | (145 | ) |   |   | 1,679 |   |
| Collateral                 |   |                                          | -      |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Home equity line of credit |   |                                          | 629    |   |   |   | (47 | ) |   |   | - |   |   |   | 285 |   |   |   | 867 |   |
| Demand                     |   |                                          | 1      |   |   |   | - |   |   |   | 4 |   |   |   | (5 | ) |   |   | - |   |
| Revolving credit           |   |                                          | 1      |   |   |   | (16 | ) |   |   | - |   |   |   | 16 |   |   |   | 1 |   |
| Resort                     |   |                                          | 2,260  |   |   |   | - |   |   |   | - |   |   |   | (315 | ) |   |   | 1,945 |   |
| Unallocated                |   |                                          | 499    |   |   |   | - |   |   |   | - |   |   |   | (174 | ) |   |   | 325 |   |
|                       |   | $                                             | 15,912 |   |   | $ | (122 | ) |   | $ | 4 |   |   | $ | 300 |   |   | $ | 16,094 |   |

----

| First Connecticut Bancorp, Inc.Notes to Consolidated Financial Statements (Unaudited) |
|---------------------------------------------------------------------------------------|
|                                                                                  |

|                       |   |                                         |   |   |        |   |   |       |   |   |                                 |   |   |                     |   |
|----------------------------|--------|----------------------------------------------|--------|--------|-------------|--------|--------|------------|--------|--------|--------------------------------------|--------|--------|--------------------------|--------|
|                       |   | For the Nine Months Ended September 30, 2011 |   |
|                       |   | Balance at beginning of period               |   |   | Charge-offs |   |   | Recoveries |   |   | Provision for (Reduction)loan losses |   |   | Balance at end of period |   |
| (Dollars in thousands)     |   |                                         |   |   |        |   |   |       |   |   |                                 |   |   |                     |   |
| Real estate                |   |                                         |   |   |        |   |   |       |   |   |                                 |   |   |                     |   |
| Residential                |   | $                                            | 3,056  |   |        | $      | (332   | )          |   | $      | -                                    |   |   | $                        | 410    |   |   | $ | 3,134 |   |
| Commercial                 |   |                                         | 7,726  |   |        |   | (25    | )          |   |   | -                                    |   |   |                     | (309   | ) |   |   | 7,392 |   |
| Construction               |   |                                         | 524    |   |        |   | -      |       |   |   | -                                    |   |   |                     | 133    |   |   |   | 657 |   |
| Installment                |   |                                         | 115    |   |        |   | (5     | )          |   |   | 1                                    |   |   |                     | (16    | ) |   |   | 95 |   |
| Commercial                 |   |                                         | 1,564  |   |        |   | (203   | )          |   |   | 10                                   |   |   |                     | 308    |   |   |   | 1,679 |   |
| Collateral                 |   |                                         | -      |   |        |   | -      |       |   |   | -                                    |   |   |                     | -      |   |   |   | - |   |
| Home equity line of credit |   |                                         | 558    |   |        |   | (72    | )          |   |   | -                                    |   |   |                     | 381    |   |   |   | 867 |   |
| Demand                     |   |                                         | 3      |   |        |   | -      |       |   |   | 10                                   |   |   |                     | (13    | ) |   |   | - |   |
| Revolving credit           |   |                                         | -      |   |        |   | (44    | )          |   |   | -                                    |   |   |                     | 44     |   |   |   | - |   |
| Resort                     |   |                                         | 7,188  |   |        |   | (4,880 | )          |   |   | -                                    |   |   |                     | (363   | ) |   |   | 1,945 |   |
| Unallocated                |   |                                         | -      |   |        |   | -      |       |   |   | -                                    |   |   |                     | 325    |   |   |   | 325 |   |
|                       |   | $                                            | 20,734 |   |        | $      | (5,561 | )          |   | $      | 21                                   |   |   | $                        | 900    |   |   | $ | 16,094 |   |

----

| First Connecticut Bancorp, Inc.Notes to Consolidated Financial Statements (Unaudited) |
|---------------------------------------------------------------------------------------|
|                                                                                  |

|                                         |   |               |      |   |               |   |   |   |   |   |               |   |
|----------------------------------------------|--------|--------------------|-----------|--------|--------------------|--------|--------|--------|--------|--------|--------------------|--------|
|                                         |   | September 30, 2011 |      |   | December 31, 2010  |   |
|                                         |   | Total              |      |   | Reserve Allocation |   |   | Total  |   |   | Reserve Allocation |   |
| (Dollars in thousands)                       |
| Real estate                                  |   |               |      |   |               |   |   |   |   |   |               |   |
| Residential                                  |   | $                  | 11,200    |   |               | $      | 485    |   |   | $      | 7,001              |   |   | $ | 358 |   |
| Commercial                                   |   |               | 19,846    |   |               |   | 1,222  |   |   |   | 14,211             |   |   |   | 260 |   |
| Construction                                 |   |               | 564       |   |               |   | 24     |   |   |   | 897                |   |   |   | - |   |
| Installment                                  |   |               | -         |   |               |   | -      |   |   |   | -                  |   |   |   | - |   |
| Commercial                                   |   |               | 7,631     |   |               |   | 56     |   |   |   | 2,795              |   |   |   | - |   |
| Collateral                                   |   |               | -         |   |               |   | -      |   |   |   | -                  |   |   |   | - |   |
| Home equity line of credit                   |   |               | 1,328     |   |               |   | 155    |   |   |   | 1,228              |   |   |   | 48 |   |
| Demand                                       |   |               | -         |   |               |   | -      |   |   |   | -                  |   |   |   | - |   |
| Revolving Credit                             |   |               | -         |   |               |   | -      |   |   |   | -                  |   |   |   | - |   |
| Resort                                       |   |               | -         |   |               |   | -      |   |   |   | 4,880              |   |   |   | 4,880 |   |
|    Total                      |   | $                  | 40,569    |   |               | $      | 1,942  |   |   | $      | 31,012             |   |   | $ | 5,546 |   |
|                                         |   |               |      |   |               |   |   |   |   |   |               |   |   |   |   |   |
| Loans collectively evaluated for impairment: |   |               |      |   |               |   |   |   |   |   |               |   |   |
|                                         |   |               |      |   |               |   |   |   |   |   |               |   |   |   |   |   |
|                                         |   | September 30, 2011 |      |   | December 31, 2010  |   |
|                                         |   | Total              |      |   | Reserve Allocation |   |   | Total  |   |   | Reserve Allocation |   |
| (Dollars in thousands)                       |
| Real estate                                  |   |               |      |   |               |   |   |   |   |   |               |   |   |   |   |   |
| Residential                                  |   | $                  | 462,681   |   |               | $      | 2,649  |   |   | $      | 448,553            |   |   | $ | 2,698 |   |
| Commercial                                   |   |               | 369,348   |   |               |   | 6,170  |   |   |   | 347,625            |   |   |   | 7,466 |   |
| Construction                                 |   |               | 50,019    |   |               |   | 633    |   |   |   | 45,715             |   |   |   | 524 |   |
| Installment                                  |   |               | 11,290    |   |               |   | 94     |   |   |   | 12,597             |   |   |   | 115 |   |
| Commercial                                   |   |               | 118,215   |   |               |   | 1,623  |   |   |   | 110,057            |   |   |   | 1,564 |   |
| Collateral                                   |   |               | 2,290     |   |               |   | -      |   |   |   | 1,941              |   |   |   | - |   |
| Home equity line of credit                   |   |               | 97,330    |   |               |   | 712    |   |   |   | 80,609             |   |   |   | 510 |   |
| Demand                                       |   |               | 42        |   |               |   | -      |   |   |   | 227                |   |   |   | 3 |   |
| Revolving Credit                             |   |               | 92        |   |               |   | 1      |   |   |   | 84                 |   |   |   | - |   |
| Resort                                       |   |               | 75,732    |   |               |   | 1,945  |   |   |   | 100,231            |   |   |   | 2,308 |   |
|    Total                      |   | $                  | 1,187,039 |   |               | $      | 13,827 |   |   | $      | 1,147,639          |   |   | $ | 15,188 |   |
| Unallocated                                  |   |               | -         |   |               |   | 325    |   |   |   | -                  |   |   |   | - |   |
|    Total                      |   | $                  | 1,227,608 |   |               | $      | 16,094 |   |   | $      | 1,178,651          |   |   | $ | 20,734 |   |

----

| First Connecticut Bancorp, Inc.Notes to Consolidated Financial Statements (Unaudited) |
|---------------------------------------------------------------------------------------|
|                                                                                  |

|                       |   | September 30, 2011 |   |
|----------------------------|--------|--------------------|--------|
|                       |   | 30-59 Days         |   |   | 60-89 Days |   |   | > 90 Days |   |   |   |   |   |   |   |   | Past Due 90 Days or More and Still Accruing |   |
| (Dollars in thousands)     |   | Past Due           |   |   | Past Due |   |   | Past Due |   |   | Total |   |
|                       |   | Number             |   |   | Amount |   |   | Number |   |   | Amount |   |   | Number |   |   | Amount |   |   | Number |   |   | Amount |   |
| Real estate                |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Residential                |   |               | 9      |   |   | $ | 1,547 |   |   |   | 5 |   |   | $ | 1,211 |   |   |   | 18 |   |   | $ | 9,412 |   |   |   | 32 |   |   | $ | 12,170 |   |   | $ | - |   |
| Commercial                 |   |               | 1      |   |   |   | 968 |   |   |   | 1 |   |   |   | 255 |   |   |   | 7 |   |   |   | 5,374 |   |   |   | 9 |   |   |   | 6,597 |   |   |   | - |   |
| Construction               |   |               | -      |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 1 |   |   |   | 564 |   |   |   | 1 |   |   |   | 564 |   |   |   | - |   |
| Installment                |   |               | 5      |   |   |   | 72 |   |   |   | 2 |   |   |   | 83 |   |   |   | 2 |   |   |   | 65 |   |   |   | 9 |   |   |   | 220 |   |   |   | - |   |
| Commercial                 |   |               | 2      |   |   |   | 315 |   |   |   | 1 |   |   |   | 360 |   |   |   | 10 |   |   |   | 1,091 |   |   |   | 13 |   |   |   | 1,766 |   |   |   | - |   |
| Collateral                 |   |               | 8      |   |   |   | 110 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 8 |   |   |   | 110 |   |   |   | - |   |
| Home equity line of credit |   |               | 1      |   |   |   | 124 |   |   |   | - |   |   |   | - |   |   |   | 4 |   |   |   | 1,337 |   |   |   | 5 |   |   |   | 1,461 |   |   |   | - |   |
| Demand                     |   |               | -      |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 1 |   |   |   | 25 |   |   |   | 1 |   |   |   | 25 |   |   |   | - |   |
| Revolving Credit           |   |               | -      |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Resort                     |   |               | -      |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Total                      |   |               | 26     |   |   | $ | 3,136 |   |   |   | 9 |   |   | $ | 1,909 |   |   |   | 43 |   |   | $ | 17,868 |   |   |   | 78 |   |   | $ | 22,913 |   |   | $ | - |   |
|                       |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                       |   | December 31, 2010  |   |   |
|                       |   | 30-59 Days         |   |   | 60-89 Days |   |   | > 90 Days |   |   |   |   |   |   |   |   |   |   | Past Due 90 Days or More and Still Accruing |   |
| (Dollars in thousands)     |   | Past Due           |   |   | Past Due |   |   | Past Due |   |   | Total |   |
|                       |   | Number             |   |   | Amount |   |   | Number |   |   | Amount |   |   | Number |   |   | Amount |   |   | Number |   |   | Amount |   |
| Real estate                |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Residential                |   |               | 6      |   |   | $ | 1,273 |   |   |   | 6 |   |   | $ | 4,624 |   |   |   | 10 |   |   | $ | 4,128 |   |   |   | 22 |   |   | $ | 10,025 |   |   | $ | - |   |
| Commercial                 |   |               | 2      |   |   |   | 456 |   |   |   | 2 |   |   |   | 793 |   |   |   | 6 |   |   |   | 3,160 |   |   |   | 10 |   |   |   | 4,409 |   |   |   | - |   |
| Construction               |   |               | -      |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 2 |   |   |   | 897 |   |   |   | 2 |   |   |   | 897 |   |   |   | - |   |
| Installment                |   |               | 4      |   |   |   | 25 |   |   |   | - |   |   |   | - |   |   |   | 5 |   |   |   | 98 |   |   |   | 9 |   |   |   | 123 |   |   |   | - |   |
| Commercial                 |   |               | 5      |   |   |   | 456 |   |   |   | - |   |   |   | - |   |   |   | 10 |   |   |   | 761 |   |   |   | 15 |   |   |   | 1,217 |   |   |   | - |   |
| Collateral                 |   |               | 4      |   |   |   | 42 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 4 |   |   |   | 42 |   |   |   | - |   |
| Home equity line of credit |   |               | 2      |   |   |   | 100 |   |   |   | 1 |   |   |   | 24 |   |   |   | 5 |   |   |   | 1,843 |   |   |   | 8 |   |   |   | 1,967 |   |   |   | - |   |
| Demand                     |   |               | -      |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 1 |   |   |   | 25 |   |   |   | 1 |   |   |   | 25 |   |   |   | - |   |
| Revolving Credit           |   |               | -      |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Resort                     |   |               | -      |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Total                      |   |               | 23     |   |   | $ | 2,352 |   |   |   | 9 |   |   | $ | 5,441 |   |   |   | 39 |   |   | $ | 10,912 |   |   |   | 71 |   |   | $ | 18,705 |   |   | $ | - |   |

----

| First Connecticut Bancorp, Inc.Notes to Consolidated Financial Statements (Unaudited) |
|---------------------------------------------------------------------------------------|
|                                                                                  |

| (Dollars in thousands)                    |   | September 30, 2011 |   |   | December 31, 2010 |   |
|-------------------------------------------|--------|--------------------|--------|--------|------------------------|--------|
| Nonaccrual loans:                         |   |               |   |   |                   |   |
| Real estate                               |   |               |   |   |                   |   |
| Residential                               |   | $                  | 9,692  |   |                   | $      | 5,209 |   |
| Commercial                                |   |               | 5,374  |   |                   |   | 3,693 |   |
| Construction                              |   |               | 564    |   |                   |   | 898 |   |
| Installment                               |   |               | 152    |   |                   |   | 124 |   |
| Commercial                                |   |               | 1,184  |   |                   |   | 862 |   |
| Collateral                                |   |               | -      |   |                   |   | - |   |
| Home equity line of credit                |   |               | 1,451  |   |                   |   | 2,031 |   |
| Demand                                    |   |               | 25     |   |                   |   | 25 |   |
| Revolving Credit                          |   |               | -      |   |                   |   | - |   |
| Resort                                    |   |               | -      |   |                   |   | 4,880 |   |
| Total nonaccruing loans                   |   |               | 18,442 |   |                   |   | 17,722 |   |
| Loans 90 days past due and still accruing |   |               | -      |   |                   |   | - |   |
| Real estate owned                         |   |               | 242    |   |                   |   | 238 |   |
| Total nonperforming assets                |   | $                  | 18,684 |   |                   | $      | 17,960 |   |

----

| First Connecticut Bancorp, Inc.Notes to Consolidated Financial Statements (Unaudited) |
|---------------------------------------------------------------------------------------|
|                                                                                  |

|                                          |   | September 30, 2011 |   |
|-----------------------------------------------|--------|--------------------|--------|
|                                          |   |               |   |   | Unpaid |   |   |   |   |
|                                          |   | Recorded           |   |   | Principal |   |   | Related |   |
| (Dollars in thousands)                        |   | Investment         |   |   | Balance |   |   | Allowance |   |
| Impaired loans without a valuation allowance: |   |
| Real estate                                   |   |               |   |   |   |   |   |   |   |
| Residential                                   |   | $                  | 5,223  |   |   | $ | 5,355 |   |   | $ | - |   |
| Commercial                                    |   |               | 10,538 |   |   |   | 11,527 |   |   |   | - |   |
| Construction                                  |   |               | -      |   |   |   | - |   |   |   | - |   |
| Installment                                   |   |               | -      |   |   |   | - |   |   |   | - |   |
| Commercial                                    |   |               | 6,848  |   |   |   | 6,846 |   |   |   | - |   |
| Collateral                                    |   |               | -      |   |   |   | - |   |   |   | - |   |
| Home equity line of credit                    |   |               | 329    |   |   |   | 400 |   |   |   | - |   |
| Demand                                        |   |               | -      |   |   |   | - |   |   |   | - |   |
| Revolving Credit                              |   |               | -      |   |   |   | - |   |   |   | - |   |
| Resort                                        |   |               | -      |   |   |   | - |   |   |   | - |   |
| Total                                         |   |               | 22,938 |   |   |   | 24,128 |   |   |   | - |   |
|                                          |   |               |   |   |   |   |   |   |   |   |   |   |
| Impaired loans with a valuation allowance:    |   |
| Real estate                                   |   |               |   |   |   |   |   |   |   |   |   |   |
| Residential                                   |   |               | 5,977  |   |   |   | 6,290 |   |   |   | 485 |   |
| Commercial                                    |   |               | 9,308  |   |   |   | 9,308 |   |   |   | 1,222 |   |
| Construction                                  |   |               | 564    |   |   |   | 810 |   |   |   | 24 |   |
| Installment                                   |   |               | -      |   |   |   | - |   |   |   | - |   |
| Commercial                                    |   |               | 783    |   |   |   | 930 |   |   |   | 56 |   |
| Collateral                                    |   |               | -      |   |   |   | - |   |   |   | - |   |
| Home equity line of credit                    |   |               | 999    |   |   |   | 999 |   |   |   | 155 |   |
| Demand                                        |   |               | -      |   |   |   | - |   |   |   | - |   |
| Revolving Credit                              |   |               | -      |   |   |   | - |   |   |   | - |   |
| Resort                                        |   |               | -      |   |   |   | - |   |   |   | - |   |
| Total                                         |   |               | 17,631 |   |   |   | 18,337 |   |   |   | 1,942 |   |
| Total impaired loans                          |   | $                  | 40,569 |   |   | $ | 42,465 |   |   | $ | 1,942 |   |

----

| First Connecticut Bancorp, Inc.Notes to Consolidated Financial Statements (Unaudited) |
|---------------------------------------------------------------------------------------|
|                                                                                  |

|                                          |   | December 31, 2010 |   |
|-----------------------------------------------|--------|-------------------|--------|
|                                          |   |              |   |   | Unpaid |   |   |   |   |
|                                          |   | Recorded          |   |   | Principal |   |   | Related |   |
| (Dollars in thousands)                        |   | Investment        |   |   | Balance |   |   | Allowance |   |
| Impaired loans without a valuation allowance: |   |
| Real estate                                   |   |              |   |   |   |   |   |   |   |
| Residential                                   |   | $                 | 2,710  |   |   | $ | 2,703 |   |   | $ | - |   |
| Commercial                                    |   |              | 7,974  |   |   |   | 8,982 |   |   |   | - |   |
| Construction                                  |   |              | 897    |   |   |   | 1,143 |   |   |   | - |   |
| Installment                                   |   |              | -      |   |   |   | - |   |   |   | - |   |
| Commercial                                    |   |              | 2,795  |   |   |   | 2,803 |   |   |   | - |   |
| Collateral                                    |   |              | -      |   |   |   | - |   |   |   | - |   |
| Home equity line of credit                    |   |              | 999    |   |   |   | 999 |   |   |   | - |   |
| Demand                                        |   |              | -      |   |   |   | - |   |   |   | - |   |
| Revolving Credit                              |   |              | -      |   |   |   | - |   |   |   | - |   |
| Resort                                        |   |              | -      |   |   |   | - |   |   |   | - |   |
| Total                                         |   |              | 15,375 |   |   |   | 16,630 |   |   |   | - |   |
|                                          |   |              |   |   |   |   |   |   |   |   |   |   |
| Impaired loans with a valuation allowance:    |   |
| Real estate                                   |   |              |   |   |   |   |   |   |   |   |   |   |
| Residential                                   |   |              | 4,291  |   |   |   | 4,306 |   |   |   | 358 |   |
| Commercial                                    |   |              | 6,237  |   |   |   | 6,237 |   |   |   | 260 |   |
| Construction                                  |   |              | -      |   |   |   | - |   |   |   | - |   |
| Installment                                   |   |              | -      |   |   |   | - |   |   |   | - |   |
| Commercial                                    |   |              | -      |   |   |   | - |   |   |   | - |   |
| Collateral                                    |   |              | -      |   |   |   | - |   |   |   | - |   |
| Home equity line of credit                    |   |              | 229    |   |   |   | 300 |   |   |   | 48 |   |
| Demand                                        |   |              | -      |   |   |   | - |   |   |   | - |   |
| Revolving Credit                              |   |              | -      |   |   |   | - |   |   |   | - |   |
| Resort                                        |   |              | 4,880  |   |   |   | 4,880 |   |   |   | 4,880 |   |
| Total                                         |   |              | 15,637 |   |   |   | 15,723 |   |   |   | 5,546 |   |
| Total impaired loans                          |   | $                 | 31,012 |   |   | $ | 32,353 |   |   | $ | 5,546 |   |

----

| First Connecticut Bancorp, Inc.Notes to Consolidated Financial Statements (Unaudited) |
|---------------------------------------------------------------------------------------|
|                                                                                  |

|                       |   |                   |   |   |                      |   |   |            |   |   |                |   |   |            |   |   |                |   |
|----------------------------|--------|------------------------|--------|--------|---------------------------|--------|--------|-----------------|--------|--------|---------------------|--------|--------|-----------------|--------|--------|---------------------|--------|
|                       |   | September 30, 2011     |   |
|                       |   | TDRs on Accrual Status |   |   | TDRs on Nonaccrual Status |   |   | Total TDRs      |   |
| (Dollars in thousands)     |   | Number of Loans        |   |   | Balance of Loans          |   |   | Number of Loans |   |   | Balance of Loans    |   |   | Number of Loans |   |   | Balance of Loans    |   |
| Real estate                |   |                   |   |   |                      |   |   |            |   |   |                |   |   |            |   |   |                |   |   |   |   |   |   |   |
| Residential                |   |                   | 3      |   |                      | $      | 1,076  |            |   |   | 5                   |   |   | $               | 5,303  |   |                |   | 8 |   |   | $ | 6,379 |   |
| Commercial                 |   |                   | 8      |   |                      |   | 13,198 |            |   |   | 4                   |   |   |            | 4,113  |   |                |   | 12 |   |   |   | 17,311 |   |
| Construction               |   |                   | -      |   |                      |   | -      |            |   |   | 1                   |   |   |            | 564    |   |                |   | 1 |   |   |   | 564 |   |
| Installment                |   |                   | -      |   |                      |   | -      |            |   |   | -                   |   |   |            | -      |   |                |   | - |   |   |   | - |   |
| Commercial                 |   |                   | 6      |   |                      |   | 5,299  |            |   |   | 1                   |   |   |            | 147    |   |                |   | 7 |   |   |   | 5,446 |   |
| Collateral                 |   |                   | -      |   |                      |   | -      |            |   |   | -                   |   |   |            | -      |   |                |   | - |   |   |   | - |   |
| Home equity line of credit |   |                   | -      |   |                      |   | -      |            |   |   | 1                   |   |   |            | 999    |   |                |   | 1 |   |   |   | 999 |   |
| Demand                     |   |                   | -      |   |                      |   | -      |            |   |   | -                   |   |   |            | -      |   |                |   | - |   |   |   | - |   |
| Revolving Credit           |   |                   | -      |   |                      |   | -      |            |   |   | -                   |   |   |            | -      |   |                |   | - |   |   |   | - |   |
| Resort                     |   |                   | -      |   |                      |   | -      |            |   |   | -                   |   |   |            | -      |   |                |   | - |   |   |   | - |   |
| Total                      |   |                   | 17     |   |                      | $      | 19,573 |            |   |   | 12                  |   |   | $               | 11,126 |   |                |   | 29 |   |   | $ | 30,699 |   |
|                       |   |                   |   |   |                      |   |   |            |   |   |                |   |   |            |   |   |                |   |   |   |   |   |   |   |
|                       |   | December 31, 2010      |   |
|                       |   | TDRs on Accrual Status |   |   | TDRs on Nonaccrual Status |   |   | Total           |   |
| (Dollars in thousands)     |   | Number of Loans        |   |   | Recorded Investment       |   |   | Number of Loans |   |   | Recorded Investment |   |   | Number of Loans |   |   | Recorded Investment |   |
| Real estate                |   |                   |   |   |                      |   |   |            |   |   |                |   |   |            |   |   |                |   |   |   |   |   |   |   |
| Residential                |   |                   | 5      |   |                      | $      | 4,449  |            |   |   | 2                   |   |   | $               | 697    |   |                |   | 7 |   |   | $ | 5,146 |   |
| Commercial                 |   |                   | 5      |   |                      |   | 10,544 |            |   |   | 3                   |   |   |            | 2,449  |   |                |   | 8 |   |   |   | 12,993 |   |
| Construction               |   |                   | -      |   |                      |   | -      |            |   |   | 2                   |   |   |            | 897    |   |                |   | 2 |   |   |   | 897 |   |
| Installment                |   |                   | -      |   |                      |   | -      |            |   |   | -                   |   |   |            | -      |   |                |   | - |   |   |   | - |   |
| Commercial                 |   |                   | 5      |   |                      |   | 1,932  |            |   |   | 1                   |   |   |            | 146    |   |                |   | 6 |   |   |   | 2,078 |   |
| Collateral                 |   |                   | -      |   |                      |   | -      |            |   |   | -                   |   |   |            | -      |   |                |   | - |   |   |   | - |   |
| Home equity line of credit |   |                   | -      |   |                      |   | -      |            |   |   | 1                   |   |   |            | 999    |   |                |   | 1 |   |   |   | 999 |   |
| Demand                     |   |                   | -      |   |                      |   | -      |            |   |   | -                   |   |   |            | -      |   |                |   | - |   |   |   | - |   |
| Revolving Credit           |   |                   | -      |   |                      |   | -      |            |   |   | -                   |   |   |            | -      |   |                |   | - |   |   |   | - |   |
| Resort                     |   |                   | -      |   |                      |   | -      |            |   |   | 1                   |   |   |            | 4,880  |   |                |   | 1 |   |   |   | 4,880 |   |
| Total                      |   |                   | 15     |   |                      | $      | 16,925 |            |   |   | 10                  |   |   | $               | 10,068 |   |                |   | 25 |   |   | $ | 26,993 |   |

----

| First Connecticut Bancorp, Inc.Notes to Consolidated Financial Statements (Unaudited) |
|---------------------------------------------------------------------------------------|
|                                                                                  |

|                       |   |                                          |   |   |                                         |   |   |                                       |   |   |                    |   |   |                                     |   |   |                                       |   |
|----------------------------|--------|-----------------------------------------------|--------|--------|----------------------------------------------|--------|--------|--------------------------------------------|--------|--------|-------------------------|--------|--------|------------------------------------------|--------|--------|--------------------------------------------|--------|
|                       |   | For the Three Months Ended September 30, 2011 |   |   | For the Nine Months Ended September 30, 2011 |   |
| (Dollars in thousands)     |   | Number of Modifications                       |   |   | Recorded Investment Prior to Modification    |   |   | Recorded Investment After Modification (1) |   |   | Number of Modifications |   |   | Recorded InvestmentPrior to Modification |   |   | Recorded Investment After Modification (1) |   |
| Real estate                |   |                                          |   |   |                                         |   |   |                                       |   |   |                    |   |   |                                     |   |   |                                       |   |
| Residential                |   |                                          | 2      |   |                                         | $      | 3,647  |                                       |   | $      | 3,647                   |   |   |                                     | 6      |   |                                       | $      | 5,822 |   |   | $ | 5,686 |   |
| Commercial                 |   |                                          | 5      |   |                                         |   | 7,057  |                                       |   |   | 7,049                   |   |   |                                     | 5      |   |                                       |   | 7,057 |   |   |   | 7,049 |   |
| Construction               |   |                                          | -      |   |                                         |   | -      |                                       |   |   | -                       |   |   |                                     | -      |   |                                       |   | - |   |   |   | - |   |
| Installment                |   |                                          | -      |   |                                         |   | -      |                                       |   |   | -                       |   |   |                                     | -      |   |                                       |   | - |   |   |   | - |   |
| Commercial                 |   |                                          | 2      |   |                                         |   | 3,659  |                                       |   |   | 3,609                   |   |   |                                     | 5      |   |                                       |   | 5,100 |   |   |   | 4,999 |   |
| Collateral                 |   |                                          | -      |   |                                         |   | -      |                                       |   |   | -                       |   |   |                                     | -      |   |                                       |   | - |   |   |   | - |   |
| Home equity line of credit |   |                                          | -      |   |                                         |   | -      |                                       |   |   | -                       |   |   |                                     | -      |   |                                       |   | - |   |   |   | - |   |
| Demand                     |   |                                          | -      |   |                                         |   | -      |                                       |   |   | -                       |   |   |                                     | -      |   |                                       |   | - |   |   |   | - |   |
| Revolving Credit           |   |                                          | -      |   |                                         |   | -      |                                       |   |   | -                       |   |   |                                     | -      |   |                                       |   | - |   |   |   | - |   |
| Resort                     |   |                                          | -      |   |                                         |   | -      |                                       |   |   | -                       |   |   |                                     | -      |   |                                       |   | - |   |   |   | - |   |
| Total                      |   |                                          | 9      |   |                                         | $      | 14,363 |                                       |   | $      | 14,305                  |   |   |                                     | 16     |   |                                       | $      | 17,979 |   |   | $ | 17,734 |   |

|                       |   |                                                                                                                               |   |   |                                                                                                                              |   |   |            |   |   |                   |   |
|----------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------|--------|--------|-----------------|--------|--------|------------------------|--------|
|                       |   | Loans Modified as a TDR withinthe Previous Twelve Months thatSubsequently Defaulted Duringthe Three Months EndedSeptember 30, 2011 |   |   | Loans Modified as a TDR withinthe Previous Twelve Months thatSubsequently Defaulted Duringthe Nine Months EndedSeptember 30, 2011 |   |
| (Dollars in thousands)     |   | Number of Loans                                                                                                                    |   |   | RecordedInvestment (1)                                                                                                            |   |   | Number of Loans |   |   | RecordedInvestment (1) |   |
| Real estate                |   |                                                                                                                               |   |   |                                                                                                                              |   |   |            |   |   |                   |   |
| Residential                |   |                                                                                                                               | -      |   |                                                                                                                              | $      | -      |            |   |   | 2                      |   |   | $ | 1,649 |   |
| Commercial                 |   |                                                                                                                               | -      |   |                                                                                                                              |   | -      |            |   |   | 1                      |   |   |   | 330 |   |
| Construction               |   |                                                                                                                               | -      |   |                                                                                                                              |   | -      |            |   |   | -                      |   |   |   | - |   |
| Installment                |   |                                                                                                                               | -      |   |                                                                                                                              |   | -      |            |   |   | -                      |   |   |   | - |   |
| Commercial                 |   |                                                                                                                               | -      |   |                                                                                                                              |   | -      |            |   |   | -                      |   |   |   | - |   |
| Collateral                 |   |                                                                                                                               | -      |   |                                                                                                                              |   | -      |            |   |   | -                      |   |   |   | - |   |
| Home equity line of credit |   |                                                                                                                               | -      |   |                                                                                                                              |   | -      |            |   |   | -                      |   |   |   | - |   |
| Demand                     |   |                                                                                                                               | -      |   |                                                                                                                              |   | -      |            |   |   | -                      |   |   |   | - |   |
| Revolving Credit           |   |                                                                                                                               | -      |   |                                                                                                                              |   | -      |            |   |   | -                      |   |   |   | - |   |
| Resort                     |   |                                                                                                                               | -      |   |                                                                                                                              |   | -      |            |   |   | -                      |   |   |   | - |   |
| Total                      |   |                                                                                                                               | -      |   |                                                                                                                              | $      | -      |            |   |   | 3                      |   |   | $ | 1,979 |   |

----

| First Connecticut Bancorp, Inc.Notes to Consolidated Financial Statements (Unaudited) |
|---------------------------------------------------------------------------------------|
|                                                                                  |

|                     |                                                                                                                                                                                                                                                                                                                                               |
|--------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Loans rated 1 – 5: | Commercial loans in these categories are considered “pass” rated loans with low to average risk.                                                                                                                                                                                                                                       |
|                     |                                                                                                                                                                                                                                                                                                                                               |
| Loans rated 6:           | Residential, Consumer and Commercial loans in this category are considered “special mention.” These loans are starting to show signs of potential weakness and are being closely monitored by management.                                                                                                                              |
|                     |                                                                                                                                                                                                                                                                                                                                               |
| Loans rated 7:           | Loans in this category are considered “substandard.” Generally, a loan is considered substandard if it is inadequately protected by the current net worth and paying capacity of the obligors and/or the collateral pledged. There is a distinct possibility that the Company will sustain some loss if the weakness is not corrected. |
|                     |                                                                                                                                                                                                                                                                                                                                               |
| Loans rated 8:           | Loans in this category are considered “doubtful.” Loans classified as doubtful have all the weaknesses inherent in those classified substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, highly questionable and improbable.                |
|                     |                                                                                                                                                                                                                                                                                                                                               |
| Loans rated 9:           | Loans in this category are considered uncollectible (“loss”) and of such little value that their continuance as loans is not warranted.                                                                                                                                                                                                |

----

| First Connecticut Bancorp, Inc.Notes to Consolidated Financial Statements (Unaudited) |
|---------------------------------------------------------------------------------------|
|                                                                                  |

|                       |   | September 30, 2011 |      |
|----------------------------|--------|--------------------|-----------|
| (Dollars in thousands)     |   | Pass               |      |   | Special Mention |   |   | Substandard |   |   | Doubtful |   |   | Total |   |
| Real estate                |   |               |      |   |   |   |   |   |   |   |   |   |   |   |   |
| Residential                |   | $                  | 458,706   |   |   | $ | 2,641 |   |   | $ | 10,469 |   |   | $ | - |   |   | $ | 471,816 |   |
| Commercial                 |   |               | 346,243   |   |   |   | 11,733 |   |   |   | 31,190 |   |   |   | - |   |   |   | 389,166 |   |
| Construction               |   |               | 46,550    |   |   |   | 582 |   |   |   | 3,490 |   |   |   | - |   |   |   | 50,622 |   |
| Installment                |   |               | 10,980    |   |   |   | 158 |   |   |   | 152 |   |   |   | - |   |   |   | 11,290 |   |
| Commercial                 |   |               | 105,905   |   |   |   | 3,214 |   |   |   | 16,350 |   |   |   | - |   |   |   | 125,469 |   |
| Collateral                 |   |               | 2,282     |   |   |   | 8 |   |   |   | - |   |   |   | - |   |   |   | 2,290 |   |
| Home equity line of credit |   |               | 96,337    |   |   |   | 870 |   |   |   | 1,451 |   |   |   | - |   |   |   | 98,658 |   |
| Demand                     |   |               | 17        |   |   |   | - |   |   |   | 25 |   |   |   | - |   |   |   | 42 |   |
| Revolving Credit           |   |               | 92        |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 92 |   |
| Resort                     |   |               | 57,037    |   |   |   | 5,911 |   |   |   | 12,912 |   |   |   | - |   |   |   | 75,860 |   |
| Total Loans                |   | $                  | 1,124,149 |   |   | $ | 25,117 |   |   | $ | 76,039 |   |   | $ | - |   |   | $ | 1,225,305 |   |
|                       |   |               |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                       |   | December 31, 2010  |      |
| (Dollars in thousands)     |   | Pass               |      |   | Special Mention |   |   | Substandard |   |   | Doubtful |   |   | Total |   |
| Real estate                |   |               |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Residential                |   | $                  | 442,255   |   |   | $ | 2,025 |   |   | $ | 9,277 |   |   | $ | - |   |   | $ | 453,557 |   |
| Commercial                 |   |               | 319,383   |   |   |   | 13,418 |   |   |   | 29,037 |   |   |   | - |   |   |   | 361,838 |   |
| Construction               |   |               | 38,791    |   |   |   | 1,611 |   |   |   | 6,221 |   |   |   | - |   |   |   | 46,623 |   |
| Installment                |   |               | 12,452    |   |   |   | 13 |   |   |   | 132 |   |   |   | - |   |   |   | 12,597 |   |
| Commercial                 |   |               | 92,015    |   |   |   | 5,833 |   |   |   | 14,687 |   |   |   | - |   |   |   | 112,535 |   |
| Collateral                 |   |               | 1,933     |   |   |   | 8 |   |   |   | - |   |   |   | - |   |   |   | 1,941 |   |
| Home equity line of credit |   |               | 79,468    |   |   |   | 277 |   |   |   | 2,092 |   |   |   | - |   |   |   | 81,837 |   |
| Demand                     |   |               | 202       |   |   |   | - |   |   |   | 25 |   |   |   | - |   |   |   | 227 |   |
| Revolving Credit           |   |               | 84        |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 84 |   |
| Resort                     |   |               | 84,981    |   |   |   | - |   |   |   | 20,234 |   |   |   | - |   |   |   | 105,215 |   |
| Total Loans                |   | $                  | 1,071,564 |   |   | $ | 23,185 |   |   | $ | 81,705 |   |   | $ | - |   |   | $ | 1,176,454 |   |

----

| First Connecticut Bancorp, Inc.Notes to Consolidated Financial Statements (Unaudited) |
|---------------------------------------------------------------------------------------|
|                                                                                  |

| 5. |  Credit Arrangements |
|----|---------------------------|

----

| First Connecticut Bancorp, Inc.Notes to Consolidated Financial Statements (Unaudited) |
|---------------------------------------------------------------------------------------|
|                                                                                  |

| 6. |  Deposits |
|----|----------------|

|                                |   | September 30, 2011 |      |   | December 31, 2010 |   |
|-------------------------------------|--------|--------------------|-----------|--------|------------------------|--------|
| (Dollars in thousands)              |   |               |      |   |                   |   |
| Noninterest-bearing demand deposits |   | $                  | 176,234   |   |                   | $      | 150,186 |   |
| Interest-bearing                    |   |               |      |   |                   |   |   |   |
| NOW accounts                        |   |               | 285,768   |   |                   |   | 217,151 |   |
| Money market                        |   |               | 223,791   |   |                   |   | 158,232 |   |
| Savings accounts                    |   |               | 144,144   |   |                   |   | 129,122 |   |
| Time deposits                       |   |               | 411,339   |   |                   |   | 453,677 |   |
| Club accounts                       |   |               | 392       |   |                   |   | 137 |   |
| Total deposits                      |   | $                  | 1,241,668 |   |                   | $      | 1,108,505 |   |

| 7. |  Pension and Other Postretirement Benefit Plans |
|----|------------------------------------------------------|

|                           |   |                             |   |   |                             |   |   |   |   |   |   |   |
|--------------------------------|--------|----------------------------------|--------|--------|----------------------------------|--------|--------|--------|--------|--------|--------|--------|
|                           |   | Pension Benefits                 |   |   | Other Postretirement Benefits    |   |
|                           |   | Three Months Ended September 30, |   |   | Three Months Ended September 30, |   |
|                           |   | 2011                             |   |   | 2010                             |   |   | 2011   |   |   | 2010   |   |
| (Dollars in thousands)         |   |                             |   |   |                             |   |   |   |   |   |   |   |
| Service cost                   |   | $                                | 173    |   |                             | $      | 107    |   |   | $      | 15     |   |   | $ | 13 |   |
| Interest cost                  |   |                             | 265    |   |                             |   | 234    |   |   |   | 34     |   |   |   | 34 |   |
| Expected return on plan assets |   |                             | (270   | )      |                             |   | (264   | )      |   |   | -      |   |   |   | - |   |
| Amortization:                  |   |                             |   |   |                             |   |   |   |   |   |   |   |   |   |   |   |
| Loss                           |   |                             | 96     |   |                             |   | 41     |   |   |   | -      |   |   |   | - |   |
| Transition obligation          |   |                             | -      |   |                             |   | -      |   |   |   | -      |   |   |   | - |   |
| Prior service cost             |   |                             | (32    | )      |                             |   | (32    | )      |   |   | (12    | )      |   |   | (12 | ) |
| Net periodic benefit cost      |   | $                                | 232    |   |                             | $      | 86     |   |   | $      | 37     |   |   | $ | 35 |   |
|                           |   |                             |   |   |                             |   |   |   |   |   |   |   |   |   |   |   |
|                           |   | Pension Benefits                 |   |   | Other Postretirement Benefits    |   |
|                           |   | Nine Months Ended September 30,  |   |   | Nine Months Ended September 30,  |   |
|                           |   | 2011                             |   |   | 2010                             |   |   | 2011   |   |   | 2010   |   |
| (Dollars in thousands)         |   |                             |   |   |                             |   |   |   |   |   |   |   |   |   |   |   |
| Service cost                   |   | $                                | 517    |   |                             | $      | 391    |   |   | $      | 45     |   |   | $ | 39 |   |
| Interest cost                  |   |                             | 793    |   |                             |   | 746    |   |   |   | 102    |   |   |   | 104 |   |
| Expected return on plan assets |   |                             | (808   | )      |                             |   | (760   | )      |   |   | -      |   |   |   | - |   |
| Amortization:                  |   |                             |   |   |                             |   |   |   |   |   |   |   |   |   |   |   |
| Loss                           |   |                             | 292    |   |                             |   | 173    |   |   |   | -      |   |   |   | - |   |
| Transition obligation          |   |                             | -      |   |                             |   | -      |   |   |   | -      |   |   |   | - |   |
| Prior service cost             |   |                             | (94    | )      |                             |   | (94    | )      |   |   | (36    | )      |   |   | (36 | ) |
| Net periodic benefit cost      |   | $                                | 700    |   |                             | $      | 456    |   |   | $      | 111    |   |   | $ | 107 |   |

----

| First Connecticut Bancorp, Inc.Notes to Consolidated Financial Statements (Unaudited) |
|---------------------------------------------------------------------------------------|
|                                                                                  |

| Allocated                |   |   | -       |   |
|--------------------------|--------|--------|---------|--------|
| Committed to be released |   |   | 48,193  |   |
| Unallocated              |   |   | 835,161 |   |
|                     |   |   | 883,354 |   |

| 8. | Derivative Financial Instruments |
|----|----------------------------------|

----

| First Connecticut Bancorp, Inc.Notes to Consolidated Financial Statements (Unaudited) |
|---------------------------------------------------------------------------------------|
|                                                                                  |

|   | ● | If the Company defaults on any of its indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender, then the Company could also be declared in default on its derivative obligations; |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ● | If the Company fails to maintain its status as a well/adequately capitalized institution, then the counterparty could terminate the derivative positions, and the Company would be required to settle its obligations under the agreements; |
|--------|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ● | if the Company fails to maintain a specified minimum leverage ratio, then the Company could be declared in default on its derivative obligations; and |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ● | if a specified event or condition occurs that materially changes the Company’s creditworthiness in an adverse manner, it may be required to fully collateralize its obligations under the derivative instrument. |
|--------|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                      |   |                                |   |             |   |   | September 30, 2011 |   |   |                  |   |   | December 31, 2010 |   |
|-----------------------------------------------------------|--------|-------------------------------------|--------|------------------|--------|--------|--------------------|--------|--------|-----------------------|--------|--------|-------------------|--------|
|                                                      |   | Consolidated Balance Sheet Location |   | # of Instruments |   |   | Notional Amount    |   |   | Estimated Fair Values |   |   | # of Instruments  |   |   | Notional Amount |   |   | Estimated Fair Values |   |
| (Dollars in thousands)                                    |   |                                |   |             |   |   |               |   |   |                  |   |   |              |   |   |   |   |   |   |   |
|                                                      |   |                                |   |             |   |   |               |   |   |                  |   |   |              |   |   |   |   |   |   |   |
| Commercial loan customer interest rate swap position      |   |  Other Assets                  |   |             | 26     |   |               | $      | 81,105 |                  |   | $      | 6,088             |   |   |   | 9 |   |   | $ | 42,289 |   |   | $ | 1,771 |   |
|                                                      |   |                                |   |             |   |   |               |   |   |                  |   |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Commercial loan customer interest rate swap position |   |  Other Liabilities             |   |             | -      |   |               |   | -      |                  |   |   | -                 |   |   |   | 10 |   |   |   | 44,779 |   |   |   | (1,497 | ) |
|                                                      |   |                                |   |             |   |   |               |   |   |                  |   |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Counterparty interest rate swap position                  |   |  Other Liabilities             |   |             | 26     |   |               |   | 81,105 |                  |   |   | (6,088            | )      |   |   | 19 |   |   |   | 87,068 |   |   |   | (274 | ) |

----

| First Connecticut Bancorp, Inc.Notes to Consolidated Financial Statements (Unaudited) |
|---------------------------------------------------------------------------------------|
|                                                                                  |

|                                                 |   |                                        |   |                                           |   |       |   |   |                                        |   |                                           |   |       |   |   |   |   |   |
|------------------------------------------------------|--------|---------------------------------------------|--------|------------------------------------------------|--------|------------|--------|--------|---------------------------------------------|--------|------------------------------------------------|--------|------------|--------|--------|--------|--------|--------|
|                                                 |   | Three Months Ended September 30,       |   |
|                                                 |   | 2011                                        |   |                                           | 2010   |       |
|                                                 |   |                                        |   |                                           |   |       |   |   |                                        |   |                                           |   |       |   |
|                                                 |   | Interest Income Recorded in Interest Income |   | MTM (Loss) Gain Recorded in Noninterest Income |   | Net Impact |   |   | Interest Income Recorded in Interest Income |   | MTM (Loss) Gain Recorded in Noninterest Income |   | Net Impact |   |
| (Dollars in thousands)                               |   |                                        |   |                                           |   |       |   |   |                                        |   |                                           |   |       |   |   |   |   |   |
|                                                 |   |                                        |   |                                           |   |       |   |   |                                        |   |                                           |   |       |   |   |   |   |   |
| Commercial loan customer interest rate swap position |   | $                                           | 525    |                                           |   | $          | -      |   |                                        | $      | 525                                            |   |       | $      | 396    |   |   | $      | - |   |   | $ | 396 |   |
|                                                 |   |                                        |   |                                           |   |       |   |   |                                        |   |                                           |   |       |   |   |   |   |   |   |   |   |   |   |   |
| Counterparty interest rate swap position             |   |                                        | (525   | )                                              |   |       | -      |   |                                        |   | (525                                           | )      |       |   | (396   | )      |   |   | - |   |   |   | (396 | ) |
|                                                 |   |                                        |   |                                           |   |       |   |   |                                        |   |                                           |   |       |   |   |   |   |   |   |   |   |   |   |   |
| Total                                                |   | $                                           | -      |                                           |   | $          | -      |   |                                        | $      | -                                              |   |       | $      | -      |   |   | $      | - |   |   | $ | - |   |
|                                                 |   |                                        |   |                                           |   |       |   |   |                                        |   |                                           |   |       |   |   |   |   |   |   |   |   |   |   |   |
|                                                 |   | Nine Months Ended September 30,        |   |
|                                                 |   | 2011                                        |   |                                           | 2010   |       |
|                                                 |   |                                        |   |                                           |   |       |   |   |                                        |   |                                           |   |       |   |
|                                                 |   | Interest Income Recorded in Interest Income |   | MTM (Loss) Gain Recorded in Noninterest Income |   | Net Impact |   |   | Interest Income Recorded in Interest Income |   | MTM (Loss) Gain Recorded in Noninterest Income |   | Net Impact |   |
| (Dollars in thousands)                               |   |                                        |   |                                           |   |       |   |   |                                        |   |                                           |   |       |   |   |   |   |   |   |   |   |   |   |   |
|                                                 |   |                                        |   |                                           |   |       |   |   |                                        |   |                                           |   |       |   |   |   |   |   |   |   |   |   |   |   |
| Commercial loan customer interest rate swap position |   | $                                           | 1,601  |                                           |   | $          | -      |   |                                        | $      | 1,601                                          |   |       | $      | 985    |   |   | $      | - |   |   | $ | 985 |   |
|                                                 |   |                                        |   |                                           |   |       |   |   |                                        |   |                                           |   |       |   |   |   |   |   |   |   |   |   |   |   |
| Counterparty interest rate swap position             |   |                                        | (1,601 | )                                              |   |       | -      |   |                                        |   | (1,601                                         | )      |       |   | (985   | )      |   |   | - |   |   |   | (985 | ) |
|                                                 |   |                                        |   |                                           |   |       |   |   |                                        |   |                                           |   |       |   |   |   |   |   |   |   |   |   |   |   |
| Total                                                |   | $                                           | -      |                                           |   | $          | -      |   |                                        | $      | -                                              |   |       | $      | -      |   |   | $      | - |   |   | $ | - |   |

----

| First Connecticut Bancorp, Inc.                        |
|--------------------------------------------------------|
| Notes to Consolidated Financial Statements (Unaudited) |
|                                                   |

| 9. |  Financial Instruments with Off-Balance Sheet Risk |
|----|---------------------------------------------------------|

|   |                                     |   | September 30, |    |   | December 31, |   |
|--------|------------------------------------------|--------|---------------|---------|--------|--------------|--------|
|   |                                     |   | 2011          |    |   | 2010         |   |
|   | (Dollars in thousands)                   |   |          |    |   |         |   |
|   | Approved loan commitments                |   | $             | 51,683  |   |         | $      | 26,409 |   |
|   | Approved resort commitments              |   |          | -       |   |         |   | 19,000 |   |
|   | Unadvanced portion of construction loans |   |          | 19,222  |   |         |   | 20,290 |   |
|   | Unadvanced portion of resort loans       |   |          | 13,826  |   |         |   | 23,602 |   |
|   | Unused lines for home equity loans       |   |          | 97,611  |   |         |   | 80,410 |   |
|   | Unused revolving lines of credit         |   |          | 362     |   |         |   | 355 |   |
|   | Unused commercial letters of credit      |   |          | 15,752  |   |         |   | 9,885 |   |
|   | Unused commercial lines of credit        |   |          | 92,717  |   |         |   | 54,048 |   |
|   |                                     |   | $             | 291,173 |   |         | $      | 233,999 |   |

----

| First Connecticut Bancorp, Inc.                        |
|--------------------------------------------------------|
| Notes to Consolidated Financial Statements (Unaudited) |
|                                                   |

| 10. |  Fair Value Measurements |
|-----|-------------------------------|

|   |  ● | Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; |
|--------|---------------|-----------------------------------------------------------------------------------------------------------------------------------------------------|

|   |  ● | Level 2 - Quoted prices in markets that are not active, or inputs that are observable either directly or indirectly, for substantially the full term of the asset or liability; |
|--------|---------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |  ● | Level 3 - Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e., supported by little or no market activity). |
|--------|---------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| First Connecticut Bancorp, Inc.                        |
|--------------------------------------------------------|
| Notes to Consolidated Financial Statements (Unaudited) |
|                                                   |

|                                                        |   | September 30, 2011 |         |
|-------------------------------------------------------------|--------|--------------------|--------------|
| (Dollars in thousands)                                      |   | Total              |         |   |  Quoted Prices inActive Markets forIdentical Assets(Level 1) |   |   |  SignificantObservableInputs(Level 2) |   |   | SignificantUnobservableInputs(Level 3) |   |
| Assets                                                      |   |               |         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| U.S. Treasury obligations                                   |   | $                  | 130,998      |   |   | $ | 130,998 |   |   | $ | - |   |   | $ | - |   |
| Government sponsored residential mortgage-backed securities |   |               |  23,096 |   |   |   |  - |   |   |   | 23,096 |   |   |   | - |   |
| Corporate debt securities                                   |   |               | 1,115        |   |   |   | - |   |   |   | 1,115 |   |   |   | - |   |
| Trust preferred debt securities                             |   |               | 42           |   |   |   | - |   |   |   | - |   |   |   | 42 |   |
| Preferred equity securities                                 |   |               | 1,705        |   |   |   | - |   |   |   | 1,705 |   |   |   | - |   |
| Marketable equity securities                                |   |               | 353          |   |   |   | 113 |   |   |   | 240 |   |   |   | - |   |
| Mutual funds                                                |   |               | 3,434        |   |   |   | - |   |   |   | 3,434 |   |   |   | - |   |
| Securities available-for-sale                               |   |               | 160,743      |   |   |   | 131,111 |   |   |   | 29,590 |   |   |   | 42 |   |
| Interest rate swap derivative                               |   |               | 6,088        |   |   |   | - |   |   |   | 6,088 |   |   |   | - |   |
| Total                                                       |   | $                  | 166,831      |   |   | $ | 131,111 |   |   | $ | 35,678 |   |   | $ | 42 |   |
|                                                        |   |               |         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Liabilities                                                 |   |               |         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest rate swap derivative                               |   | $                  | 6,088        |   |   | $ | - |   |   | $ | 6,088 |   |   | $ | - |   |
| Forward loan sales commitments                              |   |               | 8            |   |   |   | - |   |   |   | - |   |   |   | 8 |   |
| Derivative loan commitments                                 |   |               | 66           |   |   |   | - |   |   |   | - |   |   |   | 66 |   |
| Total                                                       |   | $                  | 6,162        |   |   | $ | - |   |   | $ | 6,088 |   |   | $ | 74 |   |

----

| First Connecticut Bancorp, Inc.                        |
|--------------------------------------------------------|
| Notes to Consolidated Financial Statements (Unaudited) |
|                                                   |

|                                                        |   | December 31, 2010 |    |
|-------------------------------------------------------------|--------|-------------------|---------|
| (Dollars in thousands)                                      |   | Total             |    |   |  Quoted Prices inActive Markets forIdentical Assets(Level 1) |   |   | SignificantObservableInputs(Level 2) |   |   | SignificantUnobservableInputs(Level 3) |   |
| Assets                                                      |   |              |    |   |   |   |   |   |   |   |   |   |
| U.S. Treasury obligations                                   |   | $                 | 112,975 |   |   | $ | 112,975 |   |   | $ | - |   |   | $ | - |   |
| U.S. Goverment agency obligations                           |   |              | 11,080  |   |   |   | - |   |   |   | 11,080 |   |   |   | - |   |
| Government sponsored residential mortgage-backed securities |   |              | 32,294  |   |   |   | - |   |   |   | 32,294 |   |   |   | - |   |
| Corporate debt securities                                   |   |              | 1,052   |   |   |   | - |   |   |   | 1,052 |   |   |   | - |   |
| Trust preferred debt securities                             |   |              | 44      |   |   |   | - |   |   |   | - |   |   |   | 44 |   |
| Preferred equity securities                                 |   |              | 1,860   |   |   |   | - |   |   |   | 1,860 |   |   |   | - |   |
| Marketable equity securities                                |   |              | 406     |   |   |   | 116 |   |   |   | 290 |   |   |   | - |   |
| Mutual funds                                                |   |              | 3,297   |   |   |   | - |   |   |   | 3,297 |   |   |   | - |   |
| Securities available for sale                               |   |              | 163,008 |   |   |   | 113,091 |   |   |   | 49,873 |   |   |   | 44 |   |
| Interest rate swap derivative                               |   |              | 1,771   |   |   |   | - |   |   |   | 1,771 |   |   |   | - |   |
| Total                                                       |   | $                 | 164,779 |   |   | $ | 113,091 |   |   | $ | 51,644 |   |   | $ | 44 |   |
|                                                        |   |              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Liabilities                                                 |   |              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest rate swap derivative                               |   | $                 | 1,771   |   |   | $ | - |   |   | $ | 1,771 |   |   | $ | - |   |
| Total                                                       |   | $                 | 1,771   |   |   | $ | - |   |   | $ | 1,771 |   |   | $ | - |   |

|                                          |   | Securities Available-for-Sale           |   |   | Derivative and Forward LoanSales Commitments, Net |   |
|-----------------------------------------------|--------|-----------------------------------------|--------|--------|---------------------------------------------------|--------|
|                                          |   | For the Three Months EndedSeptember 30, |   |   | For the Three Months EndedSeptember 30,           |   |
|                                          |   | 2011                                    |   |   | 2010                                              |   |   | 2011 |   |   | 2010 |   |
|                                          |   |                                    |   |   |                                              |   |   |   |   |   |   |   |
| (Dollars in thousands)                        |   |                                    |   |   |                                              |   |   |   |   |   |   |   |
| Balance at beginning of period                |   | $                                       | 44     |   |                                              | $      | 67 |   |   | $ | 21 |   |   | $ | - |   |
| Transfer into Level 3                         |   |                                    | -      |   |                                              |   | - |   |   |   | - |   |   |   | - |   |
| Accretion                                     |   |                                    | -      |   |                                              |   | - |   |   |   | - |   |   |   | - |   |
| Paydowns                                      |   |                                    | (2     | )      |                                              |   | - |   |   |   | - |   |   |   | - |   |
| Total losses (gains) - (realized/unrealized): |   |                                    |   |   |                                              |   |   |   |   |   |   |   |   |   |   |   |
| Included in earnings                          |   |                                    | -      |   |                                              |   | - |   |   |   | 53 |   |   |   | - |   |
| Included in other comprehensive income        |   |                                    | -      |   |                                              |   | - |   |   |   | - |   |   |   | - |   |
| Purchases                                     |   |                                    | -      |   |                                              |   | - |   |   |   | - |   |   |   | - |   |
| Sales/Proceeds                                |   |                                    | -      |   |                                              |   | - |   |   |   | - |   |   |   | - |   |
| Balance at the end of period                  |   | $                                       | 42     |   |                                              | $      | 67 |   |   | $ | 74 |   |   | $ | - |   |

----

| First Connecticut Bancorp, Inc.                        |
|--------------------------------------------------------|
| Notes to Consolidated Financial Statements (Unaudited) |
|                                                   |

|                                   |   | Securities Available-for-Sale          |   |   | Derivative and Forward LoanSales Commitments, Net |   |
|----------------------------------------|--------|----------------------------------------|--------|--------|---------------------------------------------------|--------|
|                                   |   | For the Nine Months EndedSeptember 30, |   |   | For the Nine Months EndedSeptember 30,            |   |
|                                   |   |                                   | 2011   |   |                                              |   | 2010 |   |   |   | 2011 |   |   |   | 2010 |   |
|                                   |   |                                   |   |   |                                              |   |   |   |   |   |   |   |   |   |   |   |
| (Dollars in thousands)                 |   |                                   |   |   |                                              |   |   |   |   |   |   |   |   |   |   |   |
| Balance at beginning of period         |   | $                                      | 44     |   |                                              | $      | 90 |   |   | $ | - |   |   | $ | - |   |
| Transfer into Level 3                  |   |                                   | -      |   |                                              |   | - |   |   |   | - |   |   |   | - |   |
| Accretion                              |   |                                   | -      |   |                                              |   | - |   |   |   | - |   |   |   | - |   |
| Paydowns                               |   |                                   | (2     | )      |                                              |   | (23 | ) |   |   | - |   |   |   | - |   |
| Total losses - (realized/unrealized):  |   |                                   |   |   |                                              |   |   |   |   |   |   |   |   |   |   |   |
| Included in earnings                   |   |                                   | -      |   |                                              |   | - |   |   |   | 74 |   |   |   | - |   |
| Included in other comprehensive income |   |                                   | -      |   |                                              |   | - |   |   |   | - |   |   |   | - |   |
| Purchases                              |   |                                   | -      |   |                                              |   | - |   |   |   | - |   |   |   | - |   |
| Sales/Proceeds                         |   |                                   | -      |   |                                              |   | - |   |   |   | - |   |   |   | - |   |
| Balance at the end of period           |   | $                                      | 42     |   |                                              | $      | 67 |   |   | $ | 74 |   |   | $ | - |   |

----

| First Connecticut Bancorp, Inc.                        |
|--------------------------------------------------------|
| Notes to Consolidated Financial Statements (Unaudited) |
|                                                   |

|                      |   | September 30, 2011                                          |   |
|---------------------------|--------|-------------------------------------------------------------|--------|
|                      |   | Quoted Prices inActive Markets forIdentical Assets(Level 1) |   |   | SignificantObservableInputs(Level 2) |   |   | SignificantUnobservableInputs(Level 3) |   |
| (Dollars in thousands)    |   |                                                        |   |   |   |   |   |   |   |
| Mortgage servicing rights |   | $                                                           | -      |   |   | $ | - |   |   | $ | 558 |   |
| Loans held for sale       |   |                                                        | -      |   |   |   | 778 |   |   |   | - |   |
| Impaired loans            |   |                                                        | -      |   |   |   | - |   |   |   | 38,627 |   |
| Other real estate owned   |   |                                                        | -      |   |   |   | - |   |   |   | 242 |   |
|                      |   |                                                        |   |   |   |   |   |   |   |   |   |   |
|                      |   | December 31, 2010                                           |   |
|                      |   | Quoted Prices inActive Markets forIdentical Assets(Level 1) |   |   | SignificantObservableInputs(Level 2) |   |   | SignificantUnobservableInputs(Level 3) |   |
| (Dollars in thousands)    |   |                                                        |   |   |   |   |   |   |   |   |   |   |
| Mortgage servicing rights |   | $                                                           | -      |   |   | $ | - |   |   | $ | 457 |   |
| Loans held for sale       |   |                                                        | -      |   |   |   | 862 |   |   |   | - |   |
| Impaired loans            |   |                                                        | -      |   |   |   | - |   |   |   | 25,466 |   |
| Other real estate owned   |   |                                                        | -      |   |   |   | - |   |   |   | 238 |   |

----

| First Connecticut Bancorp, Inc.                        |
|--------------------------------------------------------|
| Notes to Consolidated Financial Statements (Unaudited) |
|                                                   |

----

| First Connecticut Bancorp, Inc.                        |
|--------------------------------------------------------|
| Notes to Consolidated Financial Statements (Unaudited) |
|                                                   |

| 11. |  Fair Value of Financial Instruments |
|-----|-------------------------------------------|

----

| First Connecticut Bancorp, Inc.                        |
|--------------------------------------------------------|
| Notes to Consolidated Financial Statements (Unaudited) |
|                                                   |

----

| First Connecticut Bancorp, Inc.                        |
|--------------------------------------------------------|
| Notes to Consolidated Financial Statements (Unaudited) |
|                                                   |

|                                                   |   | September 30, 2011 |      |   | December 31, 2010 |   |
|--------------------------------------------------------|--------|--------------------|-----------|--------|-------------------|--------|
|                                                   |   |               |      |   | Estimated         |   |   |   |   |   | Estimated |   |
|                                                   |   | Carrying           |      |   | Fair              |   |   | Carrying |   |   | Fair |   |
|                                                   |   | Amount             |      |   | Value             |   |   | Amount |   |   | Value |   |
| (Dollars in thousands)                                 |   |               |      |   |              |   |   |   |   |   |   |   |
| Financial assets                                       |   |               |      |   |              |   |   |   |   |   |   |   |
| Cash and due from banks                                |   | $                  | 37,554    |   |              | $      | 37,554 |   |   | $ | 18,608 |   |   | $ | 18,608 |   |
| Federal funds sold                                     |   |               | 203,000   |   |              |   | 203,000 |   |   |   | - |   |   |   | - |   |
| Securities held-to-maturity                            |   |               | 3,621     |   |              |   | 3,621 |   |   |   | 3,672 |   |   |   | 3,672 |   |
| Securities available-for-sale                          |   |               | 160,743   |   |              |   | 160,743 |   |   |   | 163,008 |   |   |   | 163,008 |   |
| Loans held for sale                                    |   |               | 778       |   |              |   | 778 |   |   |   | 862 |   |   |   | 862 |   |
| Loans                                                  |   |               | 1,225,305 |   |              |   | 1,249,915 |   |   |   | 1,176,454 |   |   |   | 1,179,012 |   |
| Federal Home Loan Bank stock                           |   |               | 7,449     |   |              |   | 7,449 |   |   |   | 7,449 |   |   |   | 7,449 |   |
| Accrued interest receivable                            |   |               | 3,837     |   |              |   | 3,837 |   |   |   | 4,227 |   |   |   | 4,227 |   |
|                                                   |   |               |      |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Financial liabilities                                  |   |               |      |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Deposits                                               |   |               |      |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Noninterest-bearing demand deposits                    |   |               | 176,234   |   |              |   | 176,234 |   |   |   | 150,186 |   |   |   | 150,186 |   |
| Savings accounts                                       |   |               | 144,144   |   |              |   | 144,144 |   |   |   | 129,122 |   |   |   | 129,122 |   |
| Money market                                           |   |               | 223,791   |   |              |   | 223,791 |   |   |   | 158,232 |   |   |   | 158,232 |   |
| Time deposits                                          |   |               | 411,339   |   |              |   | 414,372 |   |   |   | 453,677 |   |   |   | 456,147 |   |
| NOW accounts                                           |   |               | 285,768   |   |              |   | 285,768 |   |   |   | 217,151 |   |   |   | 217,151 |   |
| Club accounts                                          |   |               | 392       |   |              |   | 392 |   |   |   | 137 |   |   |   | 137 |   |
| FHLB advances                                          |   |               | 63,000    |   |              |   | 66,026 |   |   |   | 71,000 |   |   |   | 72,779 |   |
| Repurchase agreement borrowings                        |   |               | 21,000    |   |              |   | 22,875 |   |   |   | 21,000 |   |   |   | 20,939 |   |
| Mortgagors’ escrow accounts                      |   |               | 6,568     |   |              |   | 6,568 |   |   |   | 9,717 |   |   |   | 9,717 |   |
| Repurchase liabilities                                 |   |               | 72,278    |   |              |   | 72,278 |   |   |   | 84,029 |   |   |   | 84,029 |   |
|                                                   |   |               |      |   |              |   |   |   |   |   |   |   |   |   |   |   |
| On-balance sheet derivative financial instruments |   |               |      |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Forward loan sales commitments:                        |   |               |      |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Assets                                                 |   |               | -         |   |              |   | - |   |   |   | - |   |   |   | - |   |
| Liabilities                                            |   |               | 8         |   |              |   | 8 |   |   |   | - |   |   |   | - |   |
| Interest rate swap derivative liability:               |   |               |      |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Assets                                                 |   |               | 6,088     |   |              |   | 6,088 |   |   |   | 1,771 |   |   |   | 1,771 |   |
| Liabilities                                            |   |               | 6,088     |   |              |   | 6,088 |   |   |   | 1,771 |   |   |   | 1,771 |   |
| Derivative loan commitments                            |   |               |      |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Assets                                                 |   |               | -         |   |              |   | - |   |   |   | - |   |   |   | - |   |
| Liabilities                                            |   |               | 66        |   |              |   | 66 |   |   |   | - |   |   |   | - |   |

----

| First Connecticut Bancorp, Inc.                        |
|--------------------------------------------------------|
| Notes to Consolidated Financial Statements (Unaudited) |
|                                                   |

| 12. |  Regulatory Matters |
|-----|--------------------------|

|                                     |   | Actual |    |   |   Minimum Required forCapital AdequacyPurposes |   | To Be WellCapitalized UnderPrompt CorrectiveAction |   |
|------------------------------------------|--------|--------|---------|--------|-----------------------------------------------------|--------|----------------------------------------------------|--------|
| (Dollars in thousands)                   |   | Amount |    |   | Ratio                                               |   |                                               | Amount |   |   | Ratio |   |   | Amount |   |   | Ratio |   |
|                                     |   |   |    |   |                                                |   |                                               |   |   |   |   |   |   |   |   |   |   |   |
| Farmington Bank:                         |   |   |    |   |                                                |   |                                               |   |   |   |   |   |   |   |   |   |   |   |
|  At September 30, 2011 -            |   |   |    |   |                                                |   |                                               |   |   |   |   |   |   |   |   |   |   |   |
| Total Capital (to Risk Weighted Assets)  |   | $      | 197,139 |   |                                                |   | 17.43                                              | %      |   | $ | 90,483 |   |   |   | 8.00 | % |   | $ | 113,103 |   |   |   | 10.00 | % |
| Tier I Capital (to Risk Weighted Assets) |   |   | 182,992 |   |                                                |   | 16.18                                              |   |   |   | 45,239 |   |   |   | 4.00 |   |   |   | 67,859 |   |   |   | 6.00 |   |
| Tier I Capital (to Average Assets)       |   |   | 182,992 |   |                                                |   | 10.75                                              |   |   |   | 68,090 |   |   |   | 4.00 |   |   |   | 85,113 |   |   |   | 5.00 |   |
|  At December 31, 2010 -             |   |   |    |   |                                                |   |                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Capital (to Risk Weighted Assets)  |   | $      | 110,772 |   |                                                |   | 10.27                                              | %      |   | $ | 86,309 |   |   |   | 8.00 | % |   | $ | 107,886 |   |   |   | 10.00 | % |
| Tier I Capital (to Risk Weighted Assets) |   |   | 97,194  |   |                                                |   | 9.01                                               |   |   |   | 43,155 |   |   |   | 4.00 |   |   |   | 64,732 |   |   |   | 6.00 |   |
| Tier I Capital (to Average Assets)       |   |   | 97,194  |   |                                                |   | 6.47                                               |   |   |   | 60,078 |   |   |   | 4.00 |   |   |   | 75,097 |   |   |   | 5.00 |   |
|  First Connecticut Bancorp, Inc.:   |   |   |    |   |                                                |   |                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  At September 30, 2011 -            |   |   |    |   |                                                |   |                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Capital (to Risk Weighted Assets)  |   | $      | 274,471 |   |                                                |   | 24.21                                              | %      |   | $ | 90,697 |   |   |   | 8.00 | % |   | $ | 113,371 |   |   |   | 10.00 | % |
| Tier I Capital (to Risk Weighted Assets) |   |   | 260,324 |   |                                                |   | 22.96                                              |   |   |   | 45,353 |   |   |   | 4.00 |   |   |   | 68,029 |   |   |   | 6.00 |   |
| Tier I Capital (to Average Assets)       |   |   | 260,324 |   |                                                |   | 15.55                                              |   |   |   | 66,964 |   |   |   | 4.00 |   |   |   | 83,705 |   |   |   | 5.00 |   |
|  At December 31, 2010 -             |   |   |    |   |                                                |   |                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Capital (to Risk Weighted Assets)  |   | $      | 110,872 |   |                                                |   | 10.28                                              | %      |   | $ | 86,309 |   |   |   | 8.00 | % |   | $ | 107,886 |   |   |   | 10.00 | % |
| Tier I Capital (to Risk Weighted Assets) |   |   | 97,294  |   |                                                |   | 9.02                                               |   |   |   | 43,155 |   |   |   | 4.00 |   |   |   | 64,732 |   |   |   | 6.00 |   |
| Tier I Capital (to Average Assets)       |   |   | 97,294  |   |                                                |   | 6.48                                               |   |   |   | 60,097 |   |   |   | 4.00 |   |   |   | 75,121 |   |   |   | 5.00 |   |

----

| First Connecticut Bancorp, Inc.                        |
|--------------------------------------------------------|
| Notes to Consolidated Financial Statements (Unaudited) |
|                                                   |

| 13. |  Other Comprehensive Income |
|-----|----------------------------------|

|                                                                      |   | Three Months EndedSeptember 30, |   |   | Nine Months EndedSeptember 30, |   |
|---------------------------------------------------------------------------|--------|---------------------------------|--------|--------|--------------------------------|--------|
|                                                                      |   | 2011                            |   |   | 2010                           |   |   | 2011 |   |   | 2010 |   |
| (Dollars in thousands)                                                    |   |                            |   |   |                           |   |   |   |   |   |   |   |
| Net income (loss)                                                         |   | $                               | 1,043  |   |                           | $      | 1,394 |   |   | $ | (2,586 | ) |   | $ | 5,014 |   |
| Other comprehensive (loss) income, before tax                             |   |                            |   |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Unrealized gains (losses) on securities:                                  |   |                            |   |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Unrealized holding losses arising during the period                       |   |                            | (632   | )      |                           |   | (2,101 | ) |   |   | (603 | ) |   |   | (2,198 | ) |
| Less: reclassification adjustment for gains included in net income (loss) |   |                            | 89     |   |                           |   | 965 |   |   |   | 89 |   |   |   | 965 |   |
| Net change in unrealized losses                                           |   |                            | (543   | )      |                           |   | (1,136 | ) |   |   | (514 | ) |   |   | (1,233 | ) |
| Change related to employee benefit plans                                  |   |                            | 55     |   |                           |   | 13 |   |   |   | 162 |   |   |   | 43 |   |
| Other comprehensive loss, before tax                                      |   |                            | (488   | )      |                           |   | (1,123 | ) |   |   | (352 | ) |   |   | (1,190 | ) |
| Income tax benefit                                                        |   |                            | (165   | )      |                           |   | (382 | ) |   |   | (119 | ) |   |   | (405 | ) |
| Other comprehensive loss, net of tax                                      |   |                            | (323   | )      |                           |   | (741 | ) |   |   | (233 | ) |   |   | (785 | ) |
|                                                                      |   |                            |   |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Comprehensive income (loss)                                               |   | $                               | 720    |   |                           | $      | 653 |   |   | $ | (2,819 | ) |   | $ | 4,229 |   |

| 14. |  Legal Actions |
|-----|---------------------|

----

| ● | statements of our goals, intentions and expectations; |
|---------|-------------------------------------------------------|

| ● | statements regarding our business plans, prospects, growth and operating strategies; |
|---------|--------------------------------------------------------------------------------------|

| ● | statements regarding the asset quality of our loan and investment portfolios; and |
|---------|-----------------------------------------------------------------------------------|

| ● | estimates of our risks and future costs and benefits. |
|---------|-------------------------------------------------------|

| ● | Local, regional and national business or economic conditions may differ from those expected. |
|---------|----------------------------------------------------------------------------------------------|

| ● | The effects of and changes in trade, monetary and fiscal policies and laws, including the U.S. Federal Reserve Board’s interest rate policies, may adversely affect our business. |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ● | The ability to increase market share and control expenses may be more difficult than anticipated. |
|---------|---------------------------------------------------------------------------------------------------|

| ● | Changes in laws and regulatory requirements (including those concerning taxes, banking, securities and insurance) may adversely affect us or our business. |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ● | Changes in accounting policies and practices, as may be adopted by regulatory agencies, the Public Company Accounting Oversight Board or the Financial Accounting Standards Board, may affect expected financial reporting. |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ● | Future changes in interest rates may reduce our profits which could have a negative impact on the value of our stock. |
|---------|-----------------------------------------------------------------------------------------------------------------------|

| ● | We are subject to lending risk and could incur losses in our loan portfolio despite our underwriting practices. Changes in real estate values could also increase our lending risk. |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ● | Changes in demand for loan products, financial products and deposit flow could impact our financial performance. |
|---------|------------------------------------------------------------------------------------------------------------------|

| ● | Strong competition within our market area may limit our growth and profitability. |
|---------|-----------------------------------------------------------------------------------|

| ● | We may not manage the risks involved in the foregoing as well as anticipated. |
|---------|-------------------------------------------------------------------------------|

| ● | If our allowance for loan losses is not sufficient to cover actual loan losses, our earnings could decrease. |
|---------|--------------------------------------------------------------------------------------------------------------|

----

|   | ● | Our stock value may be negatively affected by federal regulations and articles of incorporation provisions restricting takeovers. |
|--------|---------|-----------------------------------------------------------------------------------------------------------------------------------|

|   | ● | Implementation of stock benefit plans will increase our costs, which will reduce our income. |
|--------|---------|----------------------------------------------------------------------------------------------|

|   | ● | The Dodd-Frank Act was signed into law on July 21, 2010 and is expected to result in dramatic regulatory changes that will affect the industry in general, and impact our competitive position in ways that can’t be predicted at this time. |
|--------|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ● | The Emergency Economic Stabilization Act (“EESA”) of 2008 has and may continue to have a significant impact on the banking industry. |
|--------|---------|--------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ● | maintaining a strong capital position in excess of the well-capitalized standards set by our banking regulators to support our current operations and future growth; |
|--------|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ● | increasing our focus on commercial lending and continuing to expand commercial banking operations; |
|--------|---------|----------------------------------------------------------------------------------------------------|

|   | ● | continuing to focus on consumer and residential lending; |
|--------|---------|----------------------------------------------------------|

|   | ● | maintaining asset quality and prudent lending standards; |
|--------|---------|----------------------------------------------------------|

|   | ● | expanding our existing products and services and developing new products and services to meet the changing needs of consumers and businesses in our market area; |
|--------|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ● | continuing expansion through de novo branching with a current goal of adding two to three de novo branches each year for so long as the deposit and loan generating environment continues to be favorable; |
|--------|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ● | taking advantage of acquisition opportunities that are consistent with our strategic growth plans; and |
|--------|---------|--------------------------------------------------------------------------------------------------------|

|   | ● | continuing our efforts to control non-interest expenses. |
|--------|---------|----------------------------------------------------------|

----

----

----

----

----

----

----

|                      |   | For the Three Months Ended September 30, |   |
|---------------------------|--------|------------------------------------------|--------|
|                      |   | 2011                                     |   |   | 2010 |   |   | $ Change |   |   | % Change |   |
| (Dollars in thousands)    |   |                                     |   |   |   |   |   |   |   |   |   |   |
| Net interest income       |   | $                                        | 11,987 |   |   | $ | 12,756 |   |   | $ | (769 | ) |   |   | (6.0 | )% |
| Provision for loan losses |   |                                     | 300    |   |   |   | 2,488 |   |   |   | (2,188 | ) |   |   | (87.9 | )% |
| Non-interest income       |   |                                     | 1,728  |   |   |   | 2,414 |   |   |   | (686 | ) |   |   | (28.4 | )% |
| Non-interest expense      |   |                                     | 11,945 |   |   |   | 10,755 |   |   |   | 1,190 |   |   |   | 11.1 | % |
| Income before taxes       |   |                                     | 1,470  |   |   |   | 1,927 |   |   |   | (457 | ) |   |   | (23.7 | )% |
| Income tax expense        |   |                                     | 427    |   |   |   | 533 |   |   |   | (106 | ) |   |   | (19.9 | )% |
| Net income                |   | $                                        | 1,043  |   |   | $ | 1,394 |   |   | $ | (351 | ) |   |   | (25.2 | )% |

----

----

|                                                                    |   | Three Months Ended September 30, |      |
|-------------------------------------------------------------------------|--------|----------------------------------|-----------|
|                                                                    |   | 2011                             |      |   | 2010 |   |
|                                                                    |   | Average Balance                  |      |   | Interest andDividends |   |   | Yield/Cost |   |   | Average Balance |   |   | Interest andDividends |   |   | Yield/Cost |   |
| (Dollars in thousands)                                                  |   |                             |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-earning assets:                                                |   |                             |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans receivable                                                        |   | $                                | 1,193,273 |   |   |   | 14,104 |   |   |   | 4.74 | % |   | $ | 1,127,992 |   |   |   | 14,457 |   |   |   | 5.14 | % |
| Securities                                                              |   |                             | 155,241   |   |   |   | 405 |   |   |   | 1.05 | % |   |   | 148,087 |   |   |   | 1,148 |   |   |   | 3.11 | % |
| Federal Home Loan Bank of Boston stock                                  |   |                             | 7,449     |   |   |   | 6 |   |   |   | 0.32 | % |   |   | 7,449 |   |   |   | - |   |   |   | 0.00 | % |
| Fed Funds and other earning assets                                      |   |                             | 253,677   |   |   |   | 144 |   |   |   | 0.23 | % |   |   | 111,297 |   |   |   | 58 |   |   |   | 0.21 | % |
| Total interest-earning assets                                           |   |                             | 1,609,640 |   |   |   | 14,659 |   |   |   | 3.65 | % |   |   | 1,394,825 |   |   |   | 15,663 |   |   |   | 4.50 | % |
| Noninterest-earning assets                                              |   |                             | 64,673    |   |   |   |   |   |   |   |   |   |   |   | 85,141 |   |   |   |   |   |   |   |   |   |
| Total assets                                                            |   | $                                | 1,674,313 |   |   |   |   |   |   |   |   |   |   | $ | 1,479,966 |   |   |   |   |   |   |   |   |   |
|                                                                    |   |                             |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing liabilities:                                           |   |                             |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| NOW accounts                                                            |   | $                                | 289,658   |   |   |   | 155 |   |   |   | 0.21 | % |   | $ | 348,990 |   |   |   | 335 |   |   |   | 0.39 | % |
| Money market                                                            |   |                             | 217,295   |   |   |   | 528 |   |   |   | 0.97 | % |   |   | 156,790 |   |   |   | 325 |   |   |   | 0.83 | % |
| Savings accounts                                                        |   |                             | 148,380   |   |   |   | 60 |   |   |   | 0.16 | % |   |   | 133,262 |   |   |   | 69 |   |   |   | 0.21 | % |
| Certificates of deposit                                                 |   |                             | 415,279   |   |   |   | 1,143 |   |   |   | 1.10 | % |   |   | 423,073 |   |   |   | 1,330 |   |   |   | 1.26 | % |
| Total interest-bearing deposits                                         |   |                             | 1,070,612 |   |   |   | 1,886 |   |   |   | 0.71 | % |   |   | 1,062,115 |   |   |   | 2,059 |   |   |   | 0.78 | % |
| Advances from the Federal Home Loan Bank                                |   |                             | 66,207    |   |   |   | 519 |   |   |   | 3.14 | % |   |   | 69,185 |   |   |   | 555 |   |   |   | 3.22 | % |
| Repurchase Agreement Borrowing                                          |   |                             | 21,000    |   |   |   | 182 |   |   |   | 3.48 | % |   |   | 21,000 |   |   |   | 182 |   |   |   | 3.48 | % |
| Repurchase liabilities                                                  |   |                             | 72,471    |   |   |   | 85 |   |   |   | 0.47 | % |   |   | 64,536 |   |   |   | 111 |   |   |   | 0.69 | % |
| Total interest-bearing liabilities                                      |   |                             | 1,230,290 |   |   |   | 2,672 |   |   |   | 0.87 | % |   |   | 1,216,836 |   |   |   | 2,907 |   |   |   | 0.96 | % |
| Noninterest-bearing deposits                                            |   |                             | 152,092   |   |   |   |   |   |   |   |   |   |   |   | 137,011 |   |   |   |   |   |   |   |   |   |
| Other noninterest-bearing liabilities                                   |   |                             | 30,774    |   |   |   |   |   |   |   |   |   |   |   | 26,739 |   |   |   |   |   |   |   |   |   |
| Total liabilities                                                       |   |                             | 1,413,156 |   |   |   |   |   |   |   |   |   |   |   | 1,380,586 |   |   |   |   |   |   |   |   |   |
| Capital                                                                 |   |                             | 261,157   |   |   |   |   |   |   |   |   |   |   |   | 99,380 |   |   |   |   |   |   |   |   |   |
| Total liabilities and capital                                           |   | $                                | 1,674,313 |   |   |   |   |   |   |   |   |   |   | $ | 1,479,966 |   |   |   |   |   |   |   |   |   |
|                                                                    |   |                             |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net interest income                                                     |   |                             |      |   |   |   | 11,987 |   |   |   |   |   |   |   |   |   |   |   | 12,756 |   |   |   |   |   |
| Net interest rate spread (1)                                            |   |                             |      |   |   |   |   |   |   |   | 2.78 | % |   |   |   |   |   |   |   |   |   |   | 3.54 | % |
| Net interest-earning assets (2)                                         |   | $                                | 379,350   |   |   |   |   |   |   |   |   |   |   | $ | 177,989 |   |   |   |   |   |   |   |   |   |
| Net interest margin (3)                                                 |   |                             |      |   |   |   |   |   |   |   | 2.99 | % |   |   |   |   |   |   |   |   |   |   | 3.67 | % |
| Average interest-earning assets to average interest-bearing liabilities |   |                             |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                    |   | 130.83                           | %         |   |   | 114.63 | % |

----

| (1) | Net interest rate spread represents the difference between the yield on average interest-earning assets and the cost of average interest-bearing liabilities. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Net interest-earning assets represent total interest-earning assets less total interest-bearing liabilities.                                                  |
| (3) | Net interest margin represents net interest income divided by average total interest-earning assets.                                                          |

----

|                                                         |   | Three Months Ended September 30, 2011 Compared to ThreeMonths Ended September 30, 2010 |   |
|--------------------------------------------------------------|--------|----------------------------------------------------------------------------------------|--------|
|                                                         |   | Increase (decrease) due to                                                             |   |
| (Dollars in thousands)                                       |   | Volume                                                                                 |   |   | Rate |   |   | Total |   |
| Interest-earning assets:                                     |   |                                                                                   |   |   |   |   |   |   |   |
| Loans receivable, net                                        |   | $                                                                                      | 1,091  |   |   | $ | (1,444 | ) |   | $ | (353 | ) |
| Investment securities                                        |   |                                                                                   | 51     |   |   |   | (794 | ) |   |   | (743 | ) |
| Federal Home Loan Bank of Boston stock                       |   |                                                                                   | -      |   |   |   | 6 |   |   |   | 6 |   |
| Fed Funds and other interest-earning assets                  |   |                                                                                   | 80     |   |   |   | 6 |   |   |   | 86 |   |
| Total interest-earning assets                                |   |                                                                                   | 1,222  |   |   |   | (2,226 | ) |   |   | (1,004 | ) |
|                                                         |   |                                                                                   |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing liabilities:                                |   |                                                                                   |   |   |   |   |   |   |   |   |   |   |
| NOW accounts                                                 |   |                                                                                   | (50    | ) |   |   | (130 | ) |   |   | (180 | ) |
| Money market                                                 |   |                                                                                   | 145    |   |   |   | 58 |   |   |   | 203 |   |
| Savings accounts                                             |   |                                                                                   | 4      |   |   |   | (13 | ) |   |   | (9 | ) |
| Certificates of deposit                                      |   |                                                                                   | (23    | ) |   |   | (164 | ) |   |   | (187 | ) |
| Total interest-bearing deposits                              |   |                                                                                   | 76     |   |   |   | (249 | ) |   |   | (173 | ) |
| Advances from the Federal Home Loan Bank                     |   |                                                                                   | (18    | ) |   |   | (18 | ) |   |   | (36 | ) |
| Repurchase agreement borrowing                               |   |                                                                                   | -      |   |   |   | - |   |   |   | - |   |
| Repurchase liabilities                                       |   |                                                                                   | 31     |   |   |   | (57 | ) |   |   | (26 | ) |
| Total interest-bearing liabilities                           |   |                                                                                   | 89     |   |   |   | (324 | ) |   |   | (235 | ) |
|    Increase (decrease) in net interest income |   | $                                                                                      | 1,133  |   |   | $ | (1,902 | ) |   | $ | (769 | ) |

----

----

|                               |   | For the Three Months Ended September 30, |   |
|------------------------------------|--------|------------------------------------------|--------|
|                               |   | 2011                                     |   |   | 2010 |   |   | $ Change |   |   | % Change |   |
| (Dollars in thousands)             |   |                                     |   |   |   |   |   |   |   |   |   |   |
| Fees for customer services         |   | $                                        | 852    |   |   | $ | 800 |   |   | $ | 52 |   |   |   | 6.5 | % |
| Net gain on sales of investments   |   |                                     | 89     |   |   |   | 965 |   |   |   | (876 | ) |   |   | (90.8 | )% |
| Net gain on loans sold             |   |                                     | 284    |   |   |   | 299 |   |   |   | (15 | ) |   |   | (5.0 | )% |
| Brokerage and insurance fee income |   |                                     | 30     |   |   |   | 102 |   |   |   | (72 | ) |   |   | (70.6 | )% |
| Bank owned life insurance income   |   |                                     | 177    |   |   |   | 187 |   |   |   | (10 | ) |   |   | (5.3 | )% |
| Other                              |   |                                     | 296    |   |   |   | 61 |   |   |   | 235 |   |   |   | 385.2 | % |
| Total noninterest income           |   | $                                        | 1,728  |   |   | $ | 2,414 |   |   | $ | (686 | ) |   |   | (28.4 | )% |

|                            |   | For the Three Months Ended September 30, |   |
|---------------------------------|--------|------------------------------------------|--------|
|                            |   | 2011                                     |   |   | 2010 |   |   | $ Change |   |   | % Change |   |
| (Dollars in thousands)          |   |                                     |   |   |   |   |   |   |   |   |   |   |
| Salaries and employee benefits  |   | $                                        | 7,065  |   |   | $ | 5,656 |   |   | $ | 1,409 |   |   |   | 24.9 | % |
| Occupancy expense               |   |                                     | 1,129  |   |   |   | 1,017 |   |   |   | 112 |   |   |   | 11.0 | % |
| Furniture and equipment expense |   |                                     | 1,038  |   |   |   | 1,116 |   |   |   | (78 | ) |   |   | (7.0 | )% |
| FDIC assessment                 |   |                                     | 56     |   |   |   | 502 |   |   |   | (446 | ) |   |   | (88.8 | )% |
| Marketing                       |   |                                     | 505    |   |   |   | 628 |   |   |   | (123 | ) |   |   | (19.6 | )% |
| Other operating expenses        |   |                                     | 2,152  |   |   |   | 1,836 |   |   |   | 316 |   |   |   | 17.2 | % |
| Total noninterest expense       |   | $                                        | 11,945 |   |   | $ | 10,755 |   |   | $ | 1,190 |   |   |   | 11.1 | % |

----

|                         |   | For the Nine Months Ended September 30, |   |
|------------------------------|--------|-----------------------------------------|--------|
|                         |   | 2011                                    |   |   | 2010 |   |   | $ Change |   |   | % Change |   |
| (Dollars in thousands)       |   |                                    |   |   |   |   |   |   |   |   |   |   |
| Net interest income          |   | $                                       | 35,852 |   |   | $ | 37,153 |   |   | $ | (1,301 | ) |   |   | (3.5 | )% |
| Provision for loan losses    |   |                                    | 900    |   |   |   | 3,688 |   |   |   | (2,788 | ) |   |   | (75.6 | )% |
| Non-interest income          |   |                                    | 4,438  |   |   |   | 4,685 |   |   |   | (247 | ) |   |   | (5.3 | )% |
| Non-interest expense         |   |                                    | 43,533 |   |   |   | 30,876 |   |   |   | 12,657 |   |   |   | 41.0 | % |
| (Loss) income before taxes   |   |                                    | (4,143 | ) |   |   | 7,274 |   |   |   | (11,417 | ) |   |   | (157.0 | )% |
| Income tax (benefit) expense |   |                                    | (1,557 | ) |   |   | 2,260 |   |   |   | (3,817 | ) |   |   | (168.9 | )% |
| Net (loss) income            |   | $                                       | (2,586 | ) |   | $ | 5,014 |   |   | $ | (7,600 | ) |   |   | (151.6 | )% |

----

|                                                                    |   | Nine Months Ended September 30, |      |
|-------------------------------------------------------------------------|--------|---------------------------------|-----------|
|                                                                    |   | 2011                            |      |   | 2010 |   |
|                                                                    |   | Average Balance                 |      |   | Interest and Dividends |   |   | Yield/Cost |   |   | Average Balance |   |   | Interest and Dividends |   |   | Yield/Cost |   |
| (Dollars in thousands)                                                  |   |                            |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-earning assets:                                                |   |                            |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans receivable                                                        |   | $                               | 1,175,749 |   |   |   | 42,395 |   |   |   | 4.82 | % |   | $ | 1,077,376 |   |   |   | 41,840 |   |   |   | 5.19 | % |
| Securities                                                              |   |                            | 153,127   |   |   |   | 1,434 |   |   |   | 1.25 | % |   |   | 135,140 |   |   |   | 3,828 |   |   |   | 3.79 | % |
| Federal Home Loan Bank of Boston stock                                  |   |                            | 7,449     |   |   |   | 16 |   |   |   | 0.29 | % |   |   | 7,449 |   |   |   | - |   |   |   | 0.00 | % |
| Fed Funds and other earning assets                                      |   |                            | 131,640   |   |   |   | 219 |   |   |   | 0.22 | % |   |   | 61,028 |   |   |   | 92 |   |   |   | 0.20 | % |
| Total interest-earning assets                                           |   |                            | 1,467,965 |   |   |   | 44,064 |   |   |   | 4.01 | % |   |   | 1,280,993 |   |   |   | 45,760 |   |   |   | 4.78 | % |
| Noninterest-earning assets                                              |   |                            | 81,552    |   |   |   |   |   |   |   |   |   |   |   | 80,537 |   |   |   |   |   |   |   |   |   |
| Total assets                                                            |   | $                               | 1,549,517 |   |   |   |   |   |   |   |   |   |   | $ | 1,361,530 |   |   |   |   |   |   |   |   |   |
|                                                                    |   |                            |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing liabilities:                                           |   |                            |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| NOW accounts                                                            |   | $                               | 258,593   |   |   |   | 516 |   |   |   | 0.27 | % |   | $ | 254,806 |   |   |   | 805 |   |   |   | 0.42 | % |
| Money market                                                            |   |                            | 200,673   |   |   |   | 1,483 |   |   |   | 0.99 | % |   |   | 150,564 |   |   |   | 919 |   |   |   | 0.82 | % |
| Savings accounts                                                        |   |                            | 147,443   |   |   |   | 205 |   |   |   | 0.19 | % |   |   | 130,510 |   |   |   | 195 |   |   |   | 0.20 | % |
| Certificates of deposit                                                 |   |                            | 426,118   |   |   |   | 3,588 |   |   |   | 1.13 | % |   |   | 428,844 |   |   |   | 4,241 |   |   |   | 1.32 | % |
| Total interest-bearing deposits                                         |   |                            | 1,032,827 |   |   |   | 5,792 |   |   |   | 0.75 | % |   |   | 964,724 |   |   |   | 6,160 |   |   |   | 0.85 | % |
| Advances from the Federal Home Loan Bank                                |   |                            | 67,430    |   |   |   | 1,575 |   |   |   | 3.12 | % |   |   | 66,043 |   |   |   | 1,612 |   |   |   | 3.26 | % |
| Repurchase Agreement Borrowing                                          |   |                            | 21,000    |   |   |   | 540 |   |   |   | 3.44 | % |   |   | 21,000 |   |   |   | 540 |   |   |   | 3.44 | % |
| Repurchase liabilities                                                  |   |                            | 72,688    |   |   |   | 305 |   |   |   | 0.56 | % |   |   | 56,643 |   |   |   | 295 |   |   |   | 0.70 | % |
| Total interest-bearing liabilities                                      |   |                            | 1,193,945 |   |   |   | 8,212 |   |   |   | 0.92 | % |   |   | 1,108,410 |   |   |   | 8,607 |   |   |   | 1.04 | % |
| Noninterest-bearing deposits                                            |   |                            | 172,905   |   |   |   |   |   |   |   |   |   |   |   | 131,011 |   |   |   |   |   |   |   |   |   |
| Other noninterest-bearing liabilities                                   |   |                            | 28,750    |   |   |   |   |   |   |   |   |   |   |   | 24,607 |   |   |   |   |   |   |   |   |   |
| Total liabilities                                                       |   |                            | 1,395,600 |   |   |   |   |   |   |   |   |   |   |   | 1,264,028 |   |   |   |   |   |   |   |   |   |
| Capital                                                                 |   |                            | 153,917   |   |   |   |   |   |   |   |   |   |   |   | 97,502 |   |   |   |   |   |   |   |   |   |
| Total liabilities and capital                                           |   | $                               | 1,549,517 |   |   |   |   |   |   |   |   |   |   | $ | 1,361,530 |   |   |   |   |   |   |   |   |   |
|                                                                    |   |                            |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net interest income                                                     |   |                            |      |   |   |   | 35,852 |   |   |   |   |   |   |   |   |   |   |   | 37,153 |   |   |   |   |   |
| Net interest rate spread (1)                                            |   |                            |      |   |   |   |   |   |   |   | 3.09 | % |   |   |   |   |   |   |   |   |   |   | 3.74 | % |
| Net interest-earning assets (2)                                         |   | $                               | 274,020   |   |   |   |   |   |   |   |   |   |   | $ | 172,583 |   |   |   |   |   |   |   |   |   |
| Net interest margin (3)                                                 |   |                            |      |   |   |   |   |   |   |   | 3.27 | % |   |   |   |   |   |   |   |   |   |   | 3.88 | % |
| Average interest-earning assets to average interest-bearing liabilities |   |                            |      |   |   |   | 122.95 | % |   |   |   |   |   |   |   |   |   |   | 115.57 | % |   |   |   |   |

----

| (1) | Net interest rate spread represents the difference between the yield on average interest-earning assets and the cost of average interest-bearing liabilities. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Net interest-earning assets represent total interest-earning assets less total interest-bearing liabilities.                                                  |
| (3) | Net interest margin represents net interest income divided by average total interest-earning assets.                                                          |

----

|                                        |   | Nine Months Ended September 30, 2011 Compared to Nine Months Ended September 30, 2010 |   |
|---------------------------------------------|--------|---------------------------------------------------------------------------------------|--------|
|                                        |   | Increase (decrease) due to                                                            |   |
| (Dollars in thousands)                      |   | Volume                                                                                |   |   | Rate |   |   | Total |   |
| Interest-earning assets:                    |   |                                                                                  |   |   |   |   |   |   |   |
| Loans receivable, net                       |   | $                                                                                     | 2,573  |   |   | $ | (2,018 | ) |   | $ | 555 |   |
| Investment securities                       |   |                                                                                  | 621    |   |   |   | (3,015 | ) |   |   | (2,394 | ) |
| Federal Home Loan Bank of Boston stock      |   |                                                                                  | -      |   |   |   | 16 |   |   |   | 16 |   |
| Fed Funds and other interest-earning assets |   |                                                                                  | 117    |   |   |   | 10 |   |   |   | 127 |   |
| Total interest-earning assets               |   |                                                                                  | 3,311  |   |   |   | (5,007 | ) |   |   | (1,696 | ) |
|                                        |   |                                                                                  |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing liabilities:               |   |                                                                                  |   |   |   |   |   |   |   |   |   |   |
| NOW accounts                                |   |                                                                                  | 12     |   |   |   | (301 | ) |   |   | (289 | ) |
| Money market                                |   |                                                                                  | 325    |   |   |   | 239 |   |   |   | 564 |   |
| Savings accounts                            |   |                                                                                  | 10     |   |   |   | - |   |   |   | 10 |   |
| Certificates of deposit                     |   |                                                                                  | (28    | ) |   |   | (625 | ) |   |   | (653 | ) |
| Total interest-bearing deposits             |   |                                                                                  | 319    |   |   |   | (687 | ) |   |   | (368 | ) |
| Advances from the Federal Home Loan Bank    |   |                                                                                  | 31     |   |   |   | (68 | ) |   |   | (37 | ) |
| Repurchase agreement borrowing              |   |                                                                                  | -      |   |   |   | - |   |   |   | - |   |
| Repurchase liabilities                      |   |                                                                                  | 95     |   |   |   | (85 | ) |   |   | 10 |   |
| Total interest-bearing liabilities          |   |                                                                                  | 445    |   |   |   | (840 | ) |   |   | (395 | ) |
|                                        |   |                                                                                  |   |   |   |   |   |   |   |   |   |   |
| Increase (decrease) in net interest income  |   | $                                                                                     | 2,866  |   |   | $ | (4,167 | ) |   | $ | (1,301 | ) |

----

|                               |   | For the Nine Months Ended September 30, |   |
|------------------------------------|--------|-----------------------------------------|--------|
|                               |   | 2011                                    |   |   | 2010 |   |   | $ Change |   |   | % Change |   |
| (Dollars in thousands)             |   |                                    |   |   |   |   |   |   |   |   |   |   |
| Fees for customer services         |   | $                                       | 2,499  |   |   | $ | 2,226 |   |   | $ | 273 |   |   |   | 12.3 | % |
| Net gain on sales of investments   |   |                                    | 89     |   |   |   | 965 |   |   |   | (876 | ) |   |   | (90.8 | )% |
| Net gain on loans sold             |   |                                    | 629    |   |   |   | 323 |   |   |   | 306 |   |   |   | 94.7 | % |
| Brokerage and insurance fee income |   |                                    | 164    |   |   |   | 317 |   |   |   | (153 | ) |   |   | (48.3 | )% |
| Bank owned life insurance income   |   |                                    | 525    |   |   |   | 485 |   |   |   | 40 |   |   |   | 8.2 | % |
| Other                              |   |                                    | 532    |   |   |   | 369 |   |   |   | 163 |   |   |   | 44.2 | % |
| Total noninterest income           |   | $                                       | 4,438  |   |   | $ | 4,685 |   |   | $ | (247 | ) |   |   | (5.3 | )% |

----

|                                   |   | For the Nine Months Ended September 30, |   |
|----------------------------------------|--------|-----------------------------------------|--------|
|                                   |   | 2011                                    |   |   | 2010 |   |   | $ Change |   |   | % Change |   |
| (Dollars in thousands)                 |   |                                    |   |   |   |   |   |   |   |   |   |   |
| Salaries and employee benefits         |   | $                                       | 21,106 |   |   | $ | 16,615 |   |   | $ | 4,491 |   |   |   | 27.0 | % |
| Occupancy expense                      |   |                                    | 3,460  |   |   |   | 3,076 |   |   |   | 384 |   |   |   | 12.5 | % |
| Furniture and equipment expense        |   |                                    | 3,003  |   |   |   | 2,967 |   |   |   | 36 |   |   |   | 1.2 | % |
| FDIC assessment                        |   |                                    | 1,126  |   |   |   | 1,318 |   |   |   | (192 | ) |   |   | (14.6 | )% |
| Marketing                              |   |                                    | 1,636  |   |   |   | 1,799 |   |   |   | (163 | ) |   |   | (9.1 | )% |
| Contribution to Farmington Bank        |   |                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Community Foundation, Inc. |   |                                    | 6,877  |   |   |   | - |   |   |   | 6,877 |   |   |   | 100.0 | % |
| Other operating expenses               |   |                                    | 6,325  |   |   |   | 5,101 |   |   |   | 1,224 |   |   |   | 24.0 | % |
| Total noninterest expense              |   | $                                       | 43,533 |   |   | $ | 30,876 |   |   | $ | 12,657 |   |   |   | 41.0 | % |

----

----

| Item 3. | Quantitative and Qualitative Disclosures About Market Risk |
|---------|------------------------------------------------------------|

----

|                     |   |                                                               |       |    |
|--------------------------|--------|--------------------------------------------------------------------|------------|---------|
|                     |   | Percentage Decrease inEstimated Net Interest Income Over 12 Months |       |
| 300 basis point increase |   |                                                               | 13.9       | %  |
| 400 basis point increase |   |                                                               | 18.0  | %       |
| 100 basis point decrease |   |                                                               | (2.1       | )%      |

| Item 4. | Controls and Procedures |
|--------------|-------------------------|

| Item 1. | Legal Proceedings |
|--------------|-------------------|

| Item 1A. | Risk Factors |
|---------------|--------------|

| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds |
|--------------|-------------------------------------------------------------|

|   | (a) | Not applicable. |
|--------|-----|-----------------|

|   | (b) | Not applicable. |
|--------|-----|-----------------|

|   | (c) | During the quarter ending September 30, 2011, the Employee Stock Ownership Plan made the following purchases of the Company’s stock: |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------|

----

|  Period                    |   | (a) Total Number of Shares (orUnits) Purchased |    |   | (b) Average Price Paid per Share (or Unit) |   |   | (c) Total Number of Shares (orUnits) Purchased as Part of Publicly Announced Plans or Programs |   |   | (d) Maximum Number (or Approximate Dollar Value) of Shares (or Units) that May Yet Be Purchased Under the Plans or Programs |   |
|---------------------------------|--------|------------------------------------------------|---------|--------|--------------------------------------------|--------|--------|------------------------------------------------------------------------------------------------|--------|--------|-----------------------------------------------------------------------------------------------------------------------------|--------|
|   July 1-31, 2011     |   |                                           | 209,675 |   |                                       | $      | 11.15  |                                                                                           |   |   | 509,575                                                                                                                     |   |   |   | 920,741 |   |
|   August 1-31, 2011   |   |                                           | 278,385 |   |                                       | $      | 10.72  |                                                                                           |   |   | 788,060                                                                                                                     |   |   |   | 642,356 |   |
|   September1-30, 2011 |   |                                           | 95,294  |   |                                       | $      | 11.06  |                                                                                           |   |   | 883,354                                                                                                                     |   |   |   | 547,062 |   |

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

| Item 4. | [Removed and Reserved] |
|--------------|------------------------|

| Item 5. | Other Information |
|--------------|-------------------|

| Item 6. | Exhibits |
|--------------|----------|

|   | 3.1 | Amended and Restated Certificate of Incorporation of First Connecticut Bancorp, Inc. (filed as Exhibit 3.1 to the Registration Statement on the Form S-1 filed for the Company on January 28, 2011, as amended, and incorporated herein by reference). |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.2 | Bylaws of First Connecticut Bancorp, Inc. (filed as Exhibit 3.2 to the Registration Statement on the Form S-1 filed for the Company on January 28, 2011, as amended, and incorporated herein by reference). |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 4.1 | Form of Common Stock Certificate of First Connecticut Bancorp, Inc. (filed as Exhibit 4.1 to the Registration Statement on the Form S-1 filed for the Company on January 28, 2011, as amended, and incorporated herein by reference). |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.1 | Phantom Stock Plan of Farmington Bank (filed as Exhibit 10.1 to the Registration Statement on the Form S-1 filed for the Company on January 28, 2011, as amended, and incorporated herein by reference). |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.2 | Supplemental Executive Retirement Plan of Farmington Bank (filed as Exhibit 10.2 to the Registration Statement on the Form S-1 filed for the Company on January 28, 2011, as amended, and incorporated herein by reference). |
|--------|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.3 | Voluntary Deferred Compensation Plan for Directors and Key Employees (filed as Exhibit 10.3 to the Registration Statement on the Form S-1 filed for the Company on January 28, 2011, as amended, and incorporated herein by reference). |
|--------|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | 10.4 | First Amendment to Voluntary Deferred Compensation Plan for Directors and Key Employees (filed as Exhibit 10.4 to the Registration Statement on the Form S-1 filed for the Company on January 28, 2011, as amended, and incorporated herein by reference). |
|--------|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.5 | Voluntary Deferred Compensation Plan for Key Employees (filed as Exhibit 10.5 to the Registration Statement on the Form S-1 filed for the Company on January 28, 2011, as amended, and incorporated herein by reference). |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.6 | Life Insurance Premium Reimbursement Agreement between Farmington Bank and John J. Patrick, Jr. (filed as Exhibit 10.6 to the Registration Statement on the Form S-1 filed for the Company on January 28, 2011, as amended, and incorporated herein by reference). |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.7 | Life Insurance Premium Reimbursement Agreement between Farmington Bank and Gregory A. White (filed as Exhibit 10.7 to the Registration Statement on the Form S-1 filed for the Company on January 28, 2011, as amended, and incorporated herein by reference). |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.8 | Farmington Savings Bank Defined Benefit Employees’ Pension Plan, as amended (filed as Exhibit 10.8 to the Registration Statement on the Form S-1 filed for the Company on January 28, 2011, as amended, and incorporated herein by reference). |
|--------|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.9 | Annual Incentive Compensation Plan (filed as Exhibit 10.9 to the Registration Statement on the Form S-1 filed for the Company on January 28, 2011, as amended, and incorporated herein by reference). |
|--------|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.10 | Supplemental Retirement Plan Participation Agreement between John J. Patrick, Jr. and Farmington Bank (filed as Exhibit 10.10 to the Registration Statement on the Form S-1 filed for the Company on January 28, 2011, as amended, and incorporated herein by reference). |
|--------|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.11 | Supplemental Retirement Plan Participation Agreement between Michael T. Schweighoffer and Farmington Bank (filed as Exhibit 10.11 to the Registration Statement on the Form S-1 filed for the Company on January 28, 2011, as amended, and incorporated herein by reference). |
|--------|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.12 | Supplemental Retirement Plan Participation Agreement between Gregory A. White and Farmington Bank (filed as Exhibit 10.12 to the Registration Statement on the Form S-1 filed for the Company on January 28, 2011, as amended, and incorporated herein by reference). |
|--------|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 31.1 | Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, signed by the Company’s Chief Executive Officer. |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------|

|   | 31.2 | Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, signed by the Company’s Chief Financial Officer. |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------|

|   | 32.1 | Written Statement pursuant to 18 U.S.C. § 1350, as created by section 906 of the Sarbanes-Oxley Act of 2002, signed by the Company’s Chief Executive Officer. |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 32.2 | Written Statement pursuant to 18 U.S.C. § 1350, as created by section 906 of the Sarbanes-Oxley Act of 2002, signed by the Company’s Chief Financial Officer. |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 101 | Interactive data files pursuant to Rule 405 of Regulation S-t: (i) the Consolidated Statements of Condition, (ii) the Consolidated Statements of Operations, (iii) the Consolidated Statement of Changes in Stockholders’ Equity, (iv) the Consolidated Statements of Cash Flows, and (iv) Notes to Unaudited Consolidated Financial Statements tagged as blocks of text and in detail.* |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | * | As provided in Rule 406T of Regulation S-T, this information is furnished and not filed for purposes of Sections 11 and 12 of the Securities Act of 1933 and Section 18 of the Securities Act of 1934. |
|--------|---|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                    |                                                   |
|-------------------------|--------------------------------------------------------|
|                    | FIRST CONNECTICUT BANCORP, INC.                        |
|                    |                                                   |
| Date: November 14, 2011 | /s/ John J. Patrick                                    |
|                    | John J. Patrick, Jr.                                   |
|                    | Chairman, President and Chief Executive Officer        |
|                    |                                                   |
| Date: November 14, 2011 | /s/ Gregory A. White                                   |
|                    | Gregory A. White                                       |
|                    | Executive Vice President and Chief Financial Officer   |
|                    |                                                   |
| Date: November 14, 2011 | /s/ Kimberly Rozanski Ruppert                          |
|                    | Kimberly Rozanski Ruppert                              |
|                    | Senior Vice President and Principal Accounting Officer |