----

----

| UNITED      STATES                      |
|-----------------------------------------|
| SECURITIES      AND EXCHANGE COMMISSION |
| Washington,      D.C. 20549             |
|                                    |   |   |
|                                    |   |   |
|                                    | FORM      10-Q |   |

|   |                                                                                              |
|--------|---------------------------------------------------------------------------------------------------|
| x      | QUARTERLY      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |

|                                |                    |
|-------------------------------------|-------------------------|
| For      the quarterly period ended | September      30, 2008 |

|   |                                                                                               |
|--------|----------------------------------------------------------------------------------------------------|
| o      | TRANSITION      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |

|                                                        |                                          |
|-------------------------------------------------------------|-----------------------------------------------|
| LINCOLN      PARK BANCORP                                   |
| (Exact      name of registrant as specified in its charter) |
|                                                        |
| FEDERAL                                                     | 61-1479859                                    |
| (State      or other jurisdiction of                        | (I.R.S.      Employer                         |
| incorporation      or organization)                         | Identification      Number)                   |
|                                                        |                                          |
| 31      Boonton Turnpike, Lincoln Park, New Jersey          | 07035                |
| (Address      of principal executive offices)               | (Zip      Code)      |

| Registrant’s      telephone number,                                                    |
|----------------------------------------------------------------------------------------------|
| including      area code                                                                     | (973) 694-0330 |
|                                                                                         |   |
| None                                                                                         |
| (Former      name, former address and former fiscal year, if changed since last      report) |

| Larger      Accelerated Filer o                                                                        | Accelerated      Filer                          o |
|--------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------|
| Non-Accelerated      Filer    o (Do not check if      a smaller reporting company) | Smaller      Reporting Company x                                                                                                                      |

----

|                                |                                                                                                                                         |              |
|-------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------|-------------------|
|                                |                                                                                                                                         | PageNumber        |
|                                |                                                                                                                                         |              |
| PART      I - FINANCIAL INFORMATION |                                                                                                                                         |
|                                |                                                                                                                                         |
| Item      1:                        | Financial      Statements                                                                                                                    |              |
|                                |                                                                                                                                         |              |
|                                | Consolidated      Statements of Financial Condition at September 30, 2008 and December 31,      2007 (Unaudited)                             | 3                 |
|                                |                                                                                                                                         |              |
|                                | Consolidated      Statements of Income for the Three Months and Nine Months Ended September      30, 2008 and 2007 (Unaudited)               | 4                 |
|                                |                                                                                                                                         |              |
|                                | Consolidated      Statements of Changes in Stockholders’ Equity for the Nine Months Ended      September 30, 2008 and 2007 (Unaudited) | 5                 |
|                                |                                                                                                                                         |              |
|                                | Consolidated      Statements of Cash Flows for the Nine Months Ended September 30, 2008 and      2007 (Unaudited)                            | 6                 |
|                                |                                                                                                                                         |              |
|                                | Notes      to Consolidated Financial Statements (Unaudited)                                                                                  | 7 –      13 |
|                                |                                                                                                                                         |              |
| Item      2:                        | Management’s      Discussion and Analysis of Financial Condition and Results of      Operations                                        | 14      –23 |
|                                |                                                                                                                                         |              |
| Item      3:                        | Quantitative      and Qualitative Disclosure About Market Risk                                                                               | 24                |
|                                |                                                                                                                                         |              |
| Item      4:                        | Controls      and Procedures                                                                                                                 | 24                |
|                                |                                                                                                                                         |              |
| PART      II - OTHER INFORMATION    | 25      – 26                                                                                                                           |
|                                |                                                                                                                                         |              |
| Item      1:                        | Legal      Proceedings                                                                                                                       | 25                |
| Item      1A:                       | Risk      Factors                                                                                                                            | 25                |
| Item      2:                        | Unregistered      Sales of Equity Securities and Use of Proceeds                                                                             | 25                |
| Item      3:                        | Defaults      Upon Senior Securities                                                                                                         | 26                |
| Item      4:                        | Submission      of Matters to a Vote of Security Holders                                                                                     | 26                |
| Item      5:                        | Other      Information                                                                                                                       | 26                |
| Item      6:                        | Exhibits                                                                                                                                     | 26                |
|                                |                                                                                                                                         |              |
| SIGNATURES                          | 27                                                                                                                                           |

----

|                                                                                         |   |                                                            |    |   |                  |   |
|----------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------|---------|--------|-----------------------|--------|
|                                                                                         |   | September      30,2008                                          |    |   | December      31,2007 |   |
|                                                                                         |   |                                                            |    |   |                  |   |
| ASSETS                                                                                       |   | (In      thousands, except for share andper      share amounts) |    |
|                                                                                         |   |                                                            |    |   |                  |   |
|                                                                                         |   |                                                            |    |   |                  |   |
| Cash      and amounts due from depository institutions                                       |   | $                                                               | 1,331   |   |                  | $      | 1,380 |   |
| Interest-bearing      deposits in other banks                                                |   |                                                            | 3,828   |   |                  |   | 1,121 |   |
|                                                                                         |   |                                                            |    |   |                  |   |   |   |
| Total      cash and cash equivalents                                                         |   |                                                            | 5,159   |   |                  |   | 2,501 |   |
|                                                                                         |   |                                                            |    |   |                  |   |   |   |
| Term      deposits                                                                           |   |                                                            | 100     |   |                  |   | 295 |   |
| Securities      available for sale                                                           |   |                                                            | 10,359  |   |                  |   | 1,521 |   |
| Securities      held to maturity, fair value $44,020 and $21,113,    respectively            |   |                                                            | 44,180  |   |                  |   | 21,243 |   |
| Loans      receivable, net of allowance for loan losses of $296 and $187,      respectively  |   |                                                            | 75,539  |   |                  |   | 73,085 |   |
| Premises      and equipment                                                                  |   |                                                            | 1,558   |   |                  |   | 1,584 |   |
| Federal      Home Loan Bank of New York stock, at cost                                       |   |                                                            | 2,629   |   |                  |   | 1,195 |   |
| Interest      receivable                                                                     |   |                                                            | 642     |   |                  |   | 523 |   |
| Other      assets                                                                            |   |                                                            | 403     |   |                  |   | 718 |   |
|                                                                                         |   |                                                            |    |   |                  |   |   |   |
| Total      assets                                                                            |   | $                                                               | 140,569 |   |                  | $      | 102,665 |   |
|                                                                                         |   |                                                            |    |   |                  |   |   |   |
| LIABILITIES      AND STOCKHOLDERS’ EQUITY                                              |   |                                                            |    |   |                  |   |   |   |
|                                                                                         |   |                                                            |    |   |                  |   |   |   |
| Liabilities:                                                                                 |   |                                                            |    |   |                  |   |   |   |
| Deposits:                                                                                    |   |                                                            |    |   |                  |   |   |   |
| Non-interest      bearing deposits                                                           |   | $                                                               | 3,396   |   |                  | $      | 2,054 |   |
| Interest      bearing deposits                                                               |   |                                                            | 67,821  |   |                  |   | 62,913 |   |
| Total      deposits                                                                          |   |                                                            | 71,217  |   |                  |   | 64,967 |   |
|                                                                                         |   |                                                            |    |   |                  |   |   |   |
| Advances      from Federal Home Loan Bank of New York                                        |   |                                                            | 55,024  |   |                  |   | 23,552 |   |
| Advance      payments by borrowers for taxes and insurance                                   |   |                                                            | 441     |   |                  |   | 399 |   |
| Other      liabilities                                                                       |   |                                                            | 729     |   |                  |   | 601 |   |
|                                                                                         |   |                                                            |    |   |                  |   |   |   |
| Total      liabilities                                                                       |   |                                                            | 127,411 |   |                  |   | 89,519 |   |
|                                                                                         |   |                                                            |    |   |                  |   |   |   |
| Stockholders’      equity:                                                             |   |                                                            |    |   |                  |   |   |   |
| Preferred      stock; no par value; 1,000,000 shares authorized;                             |   |                                                            |    |   |                  |   |   |   |
| none      issued or outstanding                                                              |   |                                                            | — |   |                  |   | — |   |
| Common      stock; $.01 par value; 5,000,000 shares authorized;                              |   |                                                            |    |   |                  |   |   |   |
| 1,851,500      shares issued; 1,812,745 and 1,825,845 shares, respectively,      outstanding |   |                                                            | 19      |   |                  |   | 19 |   |
| Additional      paid-in capital                                                              |   |                                                            | 7,612   |   |                  |   | 7,558 |   |
| Retained      earnings                                                                       |   |                                                            | 6,502   |   |                  |   | 6,307 |   |
| Unearned      ESOP shares                                                                    |   |                                                            | (313    | )      |                  |   | (328 | ) |
| Treasury      stock; 38,755 and 25,655 shares, respectively, at cost                         |   |                                                            | (289    | )      |                  |   | (200 | ) |
| Accumulated      other comprehensive loss                                                    |   |                                                            | (373    | )      |                  |   | (210 | ) |
|                                                                                         |   |                                                            |    |   |                  |   |   |   |
| Total      stockholders’ equity                                                        |   |                                                            | 13,158  |   |                  |   | 13,146 |   |
|                                                                                         |   |                                                            |    |   |                  |   |   |   |
| Total      liabilities and stockholders’ equity                                        |   | $                                                               | 140,569 |   |                  | $      | 102,665 |   |

----

|                                                                                         |   |                                              |    |   |                                     |   |    |   |   |   |   |   |
|----------------------------------------------------------------------------------------------|--------|---------------------------------------------------|---------|--------|------------------------------------------|--------|---------|--------|--------|--------|--------|--------|
|                                                                                         |   | Three      Months EndedSeptember      30,         |    |   | Nine      Months EndedSeptember      30, |   |
|                                                                                         |   |                                              |    |   |                                     |   |
|                                                                                         |   | 2008                                              |    |   | 2007                                     |   |    | 2008   |   |   | 2007   |   |
|                                                                                         |   |                                              |    |   |                                     |   |    |   |   |   |   |   |
|                                                                                         |   | (In      thousands, except for per share amounts) |    |
| Interest      income:                                                                        |   |                                              |    |   |                                     |   |    |   |   |   |   |   |
| Loans                                                                                        |   | $                                                 | 1,043   |   |                                     | $      | 1,072   |   |   | $      | 3,125  |   |   | $ | 3,079 |   |
| Securities                                                                                   |   |                                              | 681     |   |                                     |   | 273     |   |   |   | 1,425  |   |   |   | 811 |   |
| Other      interest-earning assets                                                           |   |                                              | 19      |   |                                     |   | 16      |   |   |   | 54     |   |   |   | 42 |   |
|                                                                                         |   |                                              |    |   |                                     |   |    |   |   |   |   |   |   |   |   |   |
| Total      interest income                                                                   |   |                                              | 1,743   |   |                                     |   | 1,361   |   |   |   | 4,604  |   |   |   | 3,932 |   |
|                                                                                         |   |                                              |    |   |                                     |   |    |   |   |   |   |   |   |   |   |   |
| Interest      expense:                                                                       |   |                                              |    |   |                                     |   |    |   |   |   |   |   |   |   |   |   |
| Deposits                                                                                     |   |                                              | 457     |   |                                     |   | 573     |   |   |   | 1,485  |   |   |   | 1,601 |   |
| Advances      and other borrowed money                                                       |   |                                              | 396     |   |                                     |   | 233     |   |   |   | 921    |   |   |   | 695 |   |
|                                                                                         |   |                                              |    |   |                                     |   |    |   |   |   |   |   |   |   |   |   |
| Total      interest expense                                                                  |   |                                              | 853     |   |                                     |   | 806     |   |   |   | 2,406  |   |   |   | 2,296 |   |
|                                                                                         |   |                                              |    |   |                                     |   |    |   |   |   |   |   |   |   |   |   |
| Net      interest income                                                                     |   |                                              | 890     |   |                                     |   | 555     |   |   |   | 2,198  |   |   |   | 1,636 |   |
| Provision      for loan losses                                                               |   |                                              | 95      |   |                                     |   | — |   |   |   | 130    |   |   |   | 51 |   |
|                                                                                         |   |                                              |    |   |                                     |   |    |   |   |   |   |   |   |   |   |   |
| Net      interest income after provision for loan losses                                     |   |                                              | 795     |   |                                     |   | 555     |   |   |   | 2,068  |   |   |   | 1,585 |   |
|                                                                                         |   |                                              |    |   |                                     |   |    |   |   |   |   |   |   |   |   |   |
| Non-interest      income:                                                                    |   |                                              |    |   |                                     |   |    |   |   |   |   |   |   |   |   |   |
| Fees      and service charges                                                                |   |                                              | 29      |   |                                     |   | 28      |   |   |   | 82     |   |   |   | 78 |   |
| Loss      on calls of securities held to maturity                                            |   |                                              | — |   |                                     |   | — |   |   |   | (1     | )      |   |   | — |   |
| Gains      on sales of securities available for sale                                         |   |                                              | 2       |   |                                     |   | 6       |   |   |   | 2      |   |   |   | 16 |   |
| Miscellaneous                                                                                |   |                                              | 7       |   |                                     |   | 8       |   |   |   | 18     |   |   |   | 19 |   |
|                                                                                         |   |                                              |    |   |                                     |   |    |   |   |   |   |   |   |   |   |   |
| Total      non-interest income                                                               |   |                                              | 38      |   |                                     |   | 42      |   |   |   | 101    |   |   |   | 113 |   |
|                                                                                         |   |                                              |    |   |                                     |   |    |   |   |   |   |   |   |   |   |   |
| Non-interest      expenses:                                                                  |   |                                              |    |   |                                     |   |    |   |   |   |   |   |   |   |   |   |
| Salaries      and employee benefits                                                          |   |                                              | 290     |   |                                     |   | 257     |   |   |   | 826    |   |   |   | 716 |   |
| Net      occupancy expense of premises                                                       |   |                                              | 47      |   |                                     |   | 44      |   |   |   | 120    |   |   |   | 99 |   |
| Equipment                                                                                    |   |                                              | 88      |   |                                     |   | 98      |   |   |   | 242    |   |   |   | 225 |   |
| Advertising                                                                                  |   |                                              | 11      |   |                                     |   | 14      |   |   |   | 47     |   |   |   | 40 |   |
| Legal      expense                                                                           |   |                                              | 21      |   |                                     |   | 12      |   |   |   | 73     |   |   |   | 57 |   |
| Audit      and accounting                                                                    |   |                                              | 30      |   |                                     |   | 28      |   |   |   | 82     |   |   |   | 81 |   |
| Federal      insurance premium                                                               |   |                                              | 3       |   |                                     |   | 2       |   |   |   | 7      |   |   |   | 5 |   |
| Miscellaneous                                                                                |   |                                              | 165     |   |                                     |   | 141     |   |   |   | 460    |   |   |   | 403 |   |
|                                                                                         |   |                                              |    |   |                                     |   |    |   |   |   |   |   |   |   |   |   |
| Total      non-interest expenses                                                             |   |                                              | 655     |   |                                     |   | 596     |   |   |   | 1,857  |   |   |   | 1,626 |   |
|                                                                                         |   |                                              |    |   |                                     |   |    |   |   |   |   |   |   |   |   |   |
| Income      before income taxes                                                              |   |                                              | 178     |   |                                     |   | 1       |   |   |   | 312    |   |   |   | 72 |   |
| Income      taxes                                                                            |   |                                              | 58      |   |                                     |   | (12     | )      |   |   | 111    |   |   |   | 8 |   |
|                                                                                         |   |                                              |    |   |                                     |   |    |   |   |   |   |   |   |   |   |   |
| Net      income                                                                              |   | $                                                 | 120     |   |                                     | $      | 13      |   |   | $      | 201    |   |   | $ | 64 |   |
|                                                                                         |   |                                              |    |   |                                     |   |    |   |   |   |   |   |   |   |   |   |
| Net      income per common share:                                                            |   |                                              |    |   |                                     |   |    |   |   |   |   |   |   |   |   |   |
| Basic                                                                                        |   | $                                                 | 0.07    |   |                                     | $      | 0.01    |   |   | $      | 0.11   |   |   | $ | 0.04 |   |
|                                                                                         |   |                                              |    |   |                                     |   |    |   |   |   |   |   |   |   |   |   |
| Weighted      average number of common shares and common stock equivalents      outstanding: |   |                                              |    |   |                                     |   |    |   |   |   |   |   |   |   |   |   |
| Basic                                                                                        |   |                                              | 1,762   |   |                                     |   | 1,788   |   |   |   | 1,766  |   |   |   | 1,788 |   |
|                                                                                         |   |                                              |    |   |                                     |   |    |   |   |   |   |   |   |   |   |   |
| Net      income per common share:                                                            |   |                                              |    |   |                                     |   |    |   |   |   |   |   |   |   |   |   |
| Diluted                                                                                      |   | $                                                 | 0.07    |   |                                     | $      | 0.01    |   |   | $      | 0.11   |   |   | $ | 0.04 |   |
|                                                                                         |   |                                              |    |   |                                     |   |    |   |   |   |   |   |   |   |   |   |
| Weighted      average number of common shares and common stock equivalents      outstanding: |   |                                              |    |   |                                     |   |    |   |   |   |   |   |   |   |   |   |
| Diluted                                                                                      |   |                                              | 1,762   |   |                                     |   | 1,788   |   |   |   | 1,766  |   |   |   | 1,788 |   |

----

|                                                                                                               |   |                |   |   |           |   |   |             |   |   |               |   |   |          |   |   |                              |   |    |   |   |
|--------------------------------------------------------------------------------------------------------------------|--------|---------------------|--------|--------|----------------|--------|--------|------------------|--------|--------|--------------------|--------|--------|---------------|--------|--------|-----------------------------------|--------|---------|--------|--------|
|                                                                                                               |   | CommonStock         |   |   | Paid-inCapital |   |   | RetainedEarnings |   |   | UnearnedESOPShares |   |   | TreasuryStock |   |   | AccumulatedOtherComprehensiveLoss |   |    | Total  |   |
|                                                                                                               |   | (In      thousands) |   |
| BALANCE      -DECEMBER 31, 2006                                                                                    |   | $                   | 19     |   |           | $      | 7,485  |             |   | $      | 6,252              |   |   | $             | (347   | )      |                              | $      | — |   |   | $ | (165 | ) |   | $ | 13,244 |   |
|                                                                                                               |   |                |   |   |           |   |   |             |   |   |               |   |   |          |   |   |                              |   |    |   |   |   |   |   |   |   |   |   |
| Comprehensive      income:                                                                                         |   |                |   |   |           |   |   |             |   |   |               |   |   |          |   |   |                              |   |    |   |   |   |   |   |   |   |   |   |
|                                                                                                               |   |                |   |   |           |   |   |             |   |   |               |   |   |          |   |   |                              |   |    |   |   |   |   |   |   |   |   |   |
| Net      Income for the nine months ended September 30, 2007                                                       |   |                |   |   |           |   |   |             |   |   | 64                 |   |   |          |   |   |                              |   |    |   |   |   |   |   |   |   | 64 |   |
|                                                                                                               |   |                |   |   |           |   |   |             |   |   |               |   |   |          |   |   |                              |   |    |   |   |   |   |   |   |   |   |   |
| Other      comprehensive income:                                                                                   |   |                |   |   |           |   |   |             |   |   |               |   |   |          |   |   |                              |   |    |   |   |   |   |   |   |   |   |   |
|                                                                                                               |   |                |   |   |           |   |   |             |   |   |               |   |   |          |   |   |                              |   |    |   |   |   |   |   |   |   |   |   |
| Unrealized      holding loss on securities available for sale, net of deferred income      taxes (benefit) of ($3) |   |                |   |   |           |   |   |             |   |   |               |   |   |          |   |   |                              |   |    |   |   |   | (20 | ) |   |   | (20 | ) |
|                                                                                                               |   |                |   |   |           |   |   |             |   |   |               |   |   |          |   |   |                              |   |    |   |   |   |   |   |   |   |   |   |
| Directors’      retirement plan, net of deferred taxes of $9                                                 |   |                |   |   |           |   |   |             |   |   |               |   |   |          |   |   |                              |   |    |   |   |   | 13 |   |   |   | 13 |   |
|                                                                                                               |   |                |   |   |           |   |   |             |   |   |               |   |   |          |   |   |                              |   |    |   |   |   |   |   |   |   |   |   |
| Total      Comprehensive Income                                                                                    |   |                |   |   |           |   |   |             |   |   |               |   |   |          |   |   |                              |   |    |   |   |   |   |   |   |   | 57 |   |
|                                                                                                               |   |                |   |   |           |   |   |             |   |   |               |   |   |          |   |   |                              |   |    |   |   |   |   |   |   |   |   |   |
| ESOP      Shares Released                                                                                          |   |                |   |   |           |   |   |             |   |   | (4                 | )      |   |          | 15     |   |                              |   |    |   |   |   |   |   |   |   | 11 |   |
|                                                                                                               |   |                |   |   |           |   |   |             |   |   |               |   |   |          |   |   |                              |   |    |   |   |   |   |   |   |   |   |   |
| Restricted      stock earned                                                                                       |   |                |   |   |           |   | 24     |             |   |   |               |   |   |          |   |   |                              |   |    |   |   |   |   |   |   |   | 24 |   |
|                                                                                                               |   |                |   |   |           |   |   |             |   |   |               |   |   |          |   |   |                              |   |    |   |   |   |   |   |   |   |   |   |
| Stock      options earned                                                                                          |   |                |   |   |           |   | 28     |             |   |   |               |   |   |          |   |   |                              |   |    |   |   |   |   |   |   |   | 28 |   |
|                                                                                                               |   |                |   |   |           |   |   |             |   |   |               |   |   |          |   |   |                              |   |    |   |   |   |   |   |   |   |   |   |
| Treasury      stock purchased                                                                                      |   |                |   |   |           |   |   |             |   |   |               |   |   |          |   |   |                              |   | (50     | )      |   |   |   |   |   |   | (50 | ) |
|                                                                                                               |   |                |   |   |           |   |   |             |   |   |               |   |   |          |   |   |                              |   |    |   |   |   |   |   |   |   |   |   |
|                                                                                                               |   |                |   |   |           |   |   |             |   |   |               |   |   |          |   |   |                              |   |    |   |   |   |   |   |   |   |   |   |
| BALANCE      -SEPTEMBER 30, 2007                                                                                   |   | $                   | 19     |   |           | $      | 7,537  |             |   | $      | 6,312              |   |   | $             | (332   | )      |                              | $      | (50     | )      |   | $ | (172 | ) |   | $ | 13,314 |   |
|                                                                                                               |   |                |   |   |           |   |   |             |   |   |               |   |   |          |   |   |                              |   |    |   |   |   |   |   |   |   |   |   |
| BALANCE      -DECEMBER 31, 2007                                                                                    |   | $                   | 19     |   |           | $      | 7,558  |             |   | $      | 6,307              |   |   | $             | (328   | )      |                              | $      | (200    | )      |   | $ | (210 | ) |   | $ | 13,146 |   |
|                                                                                                               |   |                |   |   |           |   |   |             |   |   |               |   |   |          |   |   |                              |   |    |   |   |   |   |   |   |   |   |   |
| Comprehensive      income:                                                                                         |   |                |   |   |           |   |   |             |   |   |               |   |   |          |   |   |                              |   |    |   |   |   |   |   |   |   |   |   |
|                                                                                                               |   |                |   |   |           |   |   |             |   |   |               |   |   |          |   |   |                              |   |    |   |   |   |   |   |   |   |   |   |
| Net      Income for the nine months ended September 30, 2008                                                       |   |                |   |   |           |   |   |             |   |   | 201                |   |   |          |   |   |                              |   |    |   |   |   |   |   |   |   | 201 |   |
|                                                                                                               |   |                |   |   |           |   |   |             |   |   |               |   |   |          |   |   |                              |   |    |   |   |   |   |   |   |   |   |   |
| Other      comprehensive income:                                                                                   |   |                |   |   |           |   |   |             |   |   |               |   |   |          |   |   |                              |   |    |   |   |   |   |   |   |   |   |   |
|                                                                                                               |   |                |   |   |           |   |   |             |   |   |               |   |   |          |   |   |                              |   |    |   |   |   |   |   |   |   |   |   |
| Unrealized      holding loss on securities available for sale net of deferred tax      (benefit) of ($0)           |   |                |   |   |           |   |   |             |   |   |               |   |   |          |   |   |                              |   |    |   |   |   | (175 | ) |   |   | (175 | ) |
|                                                                                                               |   |                |   |   |           |   |   |             |   |   |               |   |   |          |   |   |                              |   |    |   |   |   |   |   |   |   |   |   |
| Directors’      retirement plan, net of deferred taxes $8                                                    |   |                |   |   |           |   |   |             |   |   |               |   |   |          |   |   |                              |   |    |   |   |   | 12 |   |   |   | 12 |   |
|                                                                                                               |   |                |   |   |           |   |   |             |   |   |               |   |   |          |   |   |                              |   |    |   |   |   |   |   |   |   |   |   |
| Total      Comprehensive Income                                                                                    |   |                |   |   |           |   |   |             |   |   |               |   |   |          |   |   |                              |   |    |   |   |   |   |   |   |   | 38 |   |
|                                                                                                               |   |                |   |   |           |   |   |             |   |   |               |   |   |          |   |   |                              |   |    |   |   |   |   |   |   |   |   |   |
| ESOP      Shares Released                                                                                          |   |                |   |   |           |   |   |             |   |   | (6                 | )      |   |          | 15     |   |                              |   |    |   |   |   |   |   |   |   | 9 |   |
|                                                                                                               |   |                |   |   |           |   |   |             |   |   |               |   |   |          |   |   |                              |   |    |   |   |   |   |   |   |   |   |   |
| Restricted      stock earned                                                                                       |   |                |   |   |           |   | 27     |             |   |   |               |   |   |          |   |   |                              |   |    |   |   |   |   |   |   |   | 27 |   |
|                                                                                                               |   |                |   |   |           |   |   |             |   |   |               |   |   |          |   |   |                              |   |    |   |   |   |   |   |   |   |   |   |
| Stock      options earned                                                                                          |   |                |   |   |           |   | 27     |             |   |   |               |   |   |          |   |   |                              |   |    |   |   |   |   |   |   |   | 27 |   |
|                                                                                                               |   |                |   |   |           |   |   |             |   |   |               |   |   |          |   |   |                              |   |    |   |   |   |   |   |   |   |   |   |
| Treasury      stock purchased                                                                                      |   |                |   |   |           |   |   |             |   |   |               |   |   |          |   |   |                              |   | (89     | )      |   |   |   |   |   |   | (89 | ) |
|                                                                                                               |   |                |   |   |           |   |   |             |   |   |               |   |   |          |   |   |                              |   |    |   |   |   |   |   |   |   |   |   |
|                                                                                                               |   |                |   |   |           |   |   |             |   |   |               |   |   |          |   |   |                              |   |    |   |   |   |   |   |   |   |   |   |
| BALANCE      -SEPTEMBER 30, 2008                                                                                   |   | $                   | 19     |   |           | $      | 7,612  |             |   | $      | 6,502              |   |   | $             | (313   | )      |                              | $      | (289    | )      |   | $ | (373 | ) |   | $ | 13,158 |   |

----

|                                                                                        |   |                                     |    |   |   |   |
|---------------------------------------------------------------------------------------------|--------|------------------------------------------|---------|--------|--------|--------|
|                                                                                        |   | Nine      Months EndedSeptember      30, |    |
|                                                                                        |   | 2008                                     |    |   | 2007   |   |
|                                                                                        |   | (In      thousands)                      |    |
| Cash      flows from operating activities:                                                  |   |                                     |    |   |   |   |
| Net      income                                                                             |   | $                                        | 201     |   |   | $      | 64 |   |
| Adjustments      to reconcile net income to net cash provided by operating      activities: |   |                                     |    |   |   |   |   |   |
| Depreciation      of premises and equipment                                                 |   |                                     | 61      |   |   |   | 55 |   |
| Amortization      and accretion, net                                                        |   |                                     | 46      |   |   |   | 56 |   |
| Gain      on calls and sales of securities available for sale                               |   |                                     | (2      | )      |   |   | (16 | ) |
| Loss      on calls of securities held to maturity                                           |   |                                     | 1       |   |   |   | — |   |
| Provision      for loan losses                                                              |   |                                     | 130     |   |   |   | 51 |   |
| Increase      in interest receivable                                                        |   |                                     | (119    | )      |   |   | (71 | ) |
| Decrease      (increase) in other assets                                                    |   |                                     | 421     |   |   |   | (42 | ) |
| Deferred      taxes                                                                         |   |                                     | (114    | )      |   |   | (14 | ) |
| Increase      (decrease) in accrued interest payable                                        |   |                                     | 92      |   |   |   | (3 | ) |
| Increase      in other liabilities                                                          |   |                                     | 52      |   |   |   | 71 |   |
| ESOP      shares committed to be released                                                   |   |                                     | 9       |   |   |   | 11 |   |
| Restricted      stock earned                                                                |   |                                     | 27      |   |   |   | 24 |   |
| Stock      options earned                                                                   |   |                                     | 27      |   |   |   | 28 |   |
| Net      cash provided by operating activities                                              |   |                                     | 832     |   |   |   | 214 |   |
|                                                                                        |   |                                     |    |   |   |   |   |   |
| Cash      flows from investing activities:                                                  |   |                                     |    |   |   |   |   |   |
| Purchases      of term deposits                                                             |   |                                     | — |   |   |   | (297 | ) |
| Proceeds      from maturities of term deposits                                              |   |                                     | 199     |   |   |   | 198 |   |
| Purchase      of securities available for sale                                              |   |                                     | (10,628 | )      |   |   | (371 | ) |
| Principal      repayments on securities available for sale                                  |   |                                     | 1,565   |   |   |   | 18 |   |
| Proceeds      from sale of securities available for sale                                    |   |                                     | 43      |   |   |   | 313 |   |
| Purchases      of securities held to maturity                                               |   |                                     | (32,968 | )      |   |   | (934 | ) |
| Principal      repayments on securities held to maturity                                    |   |                                     | 10,019  |   |   |   | 260 |   |
| Net      increase in loans receivable                                                       |   |                                     | (2,614  | )      |   |   | (6,335 | ) |
| Additions      to premises and equipment                                                    |   |                                     | (35     | )      |   |   | (807 | ) |
| Purchase      of Federal Home Loan Bank of New York stock                                   |   |                                     | (1,962  | )      |   |   | (215 | ) |
| Redemption      of Federal Home Loan Bank of New York stock                                 |   |                                     | 528     |   |   |   | 215 |   |
| Net      cash used in investing activities                                                  |   |                                     | (35,853 | )      |   |   | (7,955 | ) |
|                                                                                        |   |                                     |    |   |   |   |   |   |
| Cash      flows from financing activities:                                                  |   |                                     |    |   |   |   |   |   |
| Net      increase in deposits                                                               |   |                                     | 6,254   |   |   |   | 7,737 |   |
| Proceeds      from advances from Federal Home Loan Bank of New York                         |   |                                     | 54,340  |   |   |   | 45,300 |   |
| Repayments      of advances from Federal Home Loan Bank of New York                         |   |                                     | (22,868 | )      |   |   | (45,356 | ) |
| Net      increase in payments by borrowers for taxes and insurance                          |   |                                     | 42      |   |   |   | 64 |   |
| Purchase      of treasury stock                                                             |   |                                     | (89     | )      |   |   | (50 | ) |
| Net      cash provided by financing activities                                              |   |                                     | 37,679  |   |   |   | 7,695 |   |
|                                                                                        |   |                                     |    |   |   |   |   |   |
| Net      increase (decrease) in cash and cash equivalents                                   |   |                                     | 2,658   |   |   |   | (46 | ) |
| Cash      and cash equivalents - beginning                                                  |   |                                     | 2,501   |   |   |   | 2,601 |   |
|                                                                                        |   |                                     |    |   |   |   |   |   |
| Cash      and cash equivalents - ending                                                     |   | $                                        | 5,159   |   |   | $      | 2,555 |   |
|                                                                                        |   |                                     |    |   |   |   |   |   |
| Supplemental      information:                                                              |   |                                     |    |   |   |   |   |   |
| Cash      paid during the period for:                                                       |   |                                     |    |   |   |   |   |   |
| Interest      on deposits and borrowings                                                    |   | $                                        | 2,314   |   |   | $      | 2,299 |   |
| Income      taxes                                                                           |   | $                                        | 17      |   |   | $      | 11 |   |

----

----

|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | Level      1 Inputs – Unadjusted quoted prices in active markets for identical assets      or liabilities that the reporting entity has the ability to access at the      measurement date.                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|   | Level      2 Inputs – Inputs other than quoted prices included in Level 1 that are      observable for the asset or liability; either directly or indirectly.      These might include quoted prices for similar assets or liabilities in      active markets, quoted prices for identical or similar assets or      liabilities in markets that are not active, inputs other than quoted      prices that are observable for the assets or liabilities (such as interest      rates, volatilities, prepayment speeds, credit risks, etc.) or inputs that      are derived principally from or corroborated by market data by correction      or other means. |

----

|   |                                                                                                                                                                                                                                                                  |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | Level      3 Inputs – Unobservable inputs for determining the fair values of assets      or liabilities that reflect an entity’s own assumptions about the      assumptions that market participants would use in pricing the assets or      liabilities. |

----

|                               |   |      |   |   |                                                                            |   |    |                                                  |   |   |                                         |   |
|------------------------------------|--------|-----------|--------|--------|---------------------------------------------------------------------------------|--------|---------|-------------------------------------------------------|--------|--------|----------------------------------------------|--------|
|                               |   |      |   |   | Fair      Value Measurements at Reporting Date Using                            |   |
| (In      thousands)                |   |      |   |   |                                                                            |   |    |                                                  |   |   |                                         |   |
| Description                        |   | 9/30/2008 |   |   | Quoted      Prices inActive      Marketsfor      IdenticalAssets      (Level 1) |   |    | Significant      OtherObservableInputs      (Level 2) |   |   | SignificantUnobservableInputs      (Level 3) |   |
|                               |   |      |   |   |                                                                            |   |    |                                                  |   |   |                                         |   |
| Available-for-sale      securities |   | $         | 10,359 |   |                                                                            | $      | 244     |                                                  |   | $      | 10,115                                       |   |   | $ | — |   |
| Impaired      Loans                |   |      | 269    |   |                                                                            |   | — |                                                  |   |   | —                                      |   |   |   | 269 |   |
| Total                              |   | $         | 10,628 |   |                                                                            | $      | 244     |                                                  |   | $      | 10,115                                       |   |   | $ | 269 |   |

|   |                            |   |                                                 |    |   |                                                |   |    |   |
|--------|---------------------------------|--------|------------------------------------------------------|---------|--------|-----------------------------------------------------|--------|---------|--------|
|   |                            |   | Three      Months Ended      September 30,      2008 |    |   | Nine      Months Ended      September 30,      2008 |   |
|   |                            |   | (In      thousands)                                  |    |
|   |                            |   |                                                 |    |   |                                                |   |    |   |
|   | Beginning      balance          |   | $                                                    | 345     |   |                                                | $      | 351     |   |
|   | Additions                       |   |                                                 | 19      |   |                                                |   | 19      |   |
|   | Payments      and other credits |   |                                                 | — |   |                                                |   | — |   |
|   | Reserve      for loss           |   |                                                 | (95     | )      |                                                |   | (101    | )      |
|   | Ending      Balance             |   | $                                                    | 269     |   |                                                | $      | 269     |   |

----

|                        |   |                                         |   |   |                                         |   |   |                                        |   |   |                                        |   |   |   |   |   |
|-----------------------------|--------|----------------------------------------------|--------|--------|----------------------------------------------|--------|--------|---------------------------------------------|--------|--------|---------------------------------------------|--------|--------|--------|--------|--------|
|                        |   | Three      MonthsEndedSeptember      30,2008 |   |   | Three      MonthsEndedSeptember      30,2007 |   |   | Nine      MonthsEndedSeptember      30,2008 |   |   | Nine      MonthsEndedSeptember      30,2007 |   |
|                        |   |                                         |   |   |                                         |   |   |                                        |   |   |                                        |   |
|                        |   |                                         |   |   | (In      thousands)                          |   |   |                                        |
|                        |   |                                         |   |   |                                         |   |   |                                        |
| Service      Cost           |   | $                                            | 4      |   |                                         | $      | 3      |                                        |   | $      | 11                                          |   |   | $      | 7      |   |
| Interest      Cost          |   |                                         | 6      |   |                                         |   | 5      |                                        |   |   | 18                                          |   |   |   | 15     |   |
| Past      Service Liability |   |                                         | 7      |   |                                         |   | 7      |                                        |   |   | 22                                          |   |   |   | 22     |   |
| Total                       |   | $                                            | 17     |   |                                         | $      | 15     |                                        |   | $      | 51                                          |   |   | $      | 44     |   |

----

----

----

----

----

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|   | ● | We maintain moderate      levels of short-term liquid assets. At September 30, 2008, our short-term      liquid assets totaled $5.2 million;                                                                                                                                    |
|--------|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |    |                                                                                                                                                                                                                                                                                 |
|   | ● | We originate for      portfolio adjustable-rate mortgage loans and adjustable home equity lines      of credit. At September 30, 2008, our adjustable-rate mortgage loans      totaled $11.5 million and our adjustable home equity lines of credit      totaled $6.0 million;  |

----

|   |    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|--------|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | ● | We      attempt to increase the maturity of our liabilities as market conditions      allow. In particular, since 2004, we have emphasized intermediate- to      long-term FHLB advances as a source of funds. At September 30, 2008, we      had $40.5 million of FHLB advances with terms to maturity of greater than      three to thirteen years. The following table sets forth the Bank’s      advances from the Federal Home Loan Bank of New York, grouped by maturity      date at September 30, 2008: |

|                                |   | Amount              |   |   | WeightedAverageRate |   |
|-------------------------------------|--------|---------------------|--------|--------|---------------------|--------|
|                                |   | (In      thousands) |   |
|                                |   |                |   |   |                |   |   |   |
| One      year or less               |   |                | 8,516  |   |                |   | 2.72 | % |
| One      year through three years   |   |                | 6,035  |   |                |   | 4.00 | % |
| Three      years through five years |   |                | 21,951 |   |                |   | 3.88 | % |
| Over      five years                |   |                | 18,521 |   |                |   | 3.57 | % |
| Total                               |   |                | 55,023 |   |                |   | 3.61 | % |

|   | ● | We      invest in securities with step-up rate features providing for increased      interest rates prior to maturity according to a pre-determined schedule      and formula. However, these step-up rates may not keep pace with rising      interest rates in the event of a rapidly rising rate environment. In      addition, these investments may be called at the option of the      issuer. |
|--------|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                |   |         |                     |                 |                                     |                  |                            |                        |   |                       |   |   |   |   |                      |   |
|---------------------|--------|--------------|--------------------------|----------------------|------------------------------------------|-----------------------|---------------------------------|-----------------------------|--------|----------------------------|--------|--------|--------|--------|---------------------------|--------|
| Change      in      |   |         | Net      Portfolio Value |                 | Net      Portfolio Value as a Percentage |
| Interest      Rates |   |         |                     |                 |                                     |                  | of      Present Value of Assets |
| (basis      points) |   |         |                     |                 |                                     |                  |                            |                        |   |                       |   |
|                |   | EstimatedNPV |                     | Amount      ofChange |                                     | Percent      ofChange |                            | NPVRatio                    |   | Change      in BasisPoints |   |
|                |   |         |                     |                 |                                     |                  |                            | (Dollars      in Thousands) |   |                       |   |   |   |   |
| +200                |   | $            | 14,965                   |                 | $                                        | (2,613                | )                               | (14.87                      | )%     |                       | 12.91  | %      |   |   | (142)      basis points   |   |
| 0                   |   |         | 17,578                   |                 |                                     | —               |                            | —                     |   |                       | 14.33  |   |   |   | —      basis points |   |
| -200                |   |         | 18,981                   |                 |                                     | 1,403                 |                            | 7.98                        |   |                       | 14.74  |   |   |   | 41      basis points      |   |

----

|                           |   | Actual                      |   |   | Minimum      CapitalRequirements |   |   | To      Be WellCapitalizedUnder      PromptCorrectiveActions      Provisions |   |
|--------------------------------|--------|-----------------------------|--------|--------|----------------------------------|--------|--------|------------------------------------------------------------------------------|--------|
|                           |   | Amount                      |   |   | Ratio                            |   |   | Amount                                                                       |   |   | Ratio |   |   | Amount |   |   | Ratio |   |
|                           |   |                        |   |   |                             |   |   |                                                                         |   |   |   |   |   |   |   |   |   |   |
|                           |   | (Dollars      in thousands) |   |
| Total      Risk Based Capital  |   |                        |   |   |                             |   |   |                                                                         |   |   |   |   |   |   |   |   |   |   |
| (to      risk-weighted assets) |   | $                           | 11,686 |   |                             |   | 17.88  | %                                                                            |   | $ | 5,227 |   |   |   | 8.00 | % |   | $ | 6,534 |   |   |   | 10.00 | % |
|                           |   |                        |   |   |                             |   |   |                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tier      1 Capital            |   |                        |   |   |                             |   |   |                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (to      risk-weighted assets) |   |                        | 11,390 |   |                             |   | 17.43  | %                                                                            |   |   | 2,614 |   |   |   | 4.00 | % |   |   | 3,921 |   |   |   | 6.00 | % |
|                           |   |                        |   |   |                             |   |   |                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Core      (Tier 1) Capital     |   |                        |   |   |                             |   |   |                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (to      average total assets) |   |                        | 11,390 |   |                             |   | 8.86   | %                                                                            |   |   | 5,140 |   |   |   | 4.00 | % |   |   | 6,425 |   |   |   | 5.00 | % |
|                           |   |                        |   |   |                             |   |   |                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tangible      Capital          |   |                        |   |   |                             |   |   |                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (to      average total assets) |   |                        | 11,390 |   |                             |   | 8.86   | %                                                                            |   |   | 1,927 |   |   |   | 1.50 | % |   |   | — |   |   |   | — |   |

----

----

|                                                                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                                                                                                             |
|-------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                          | Lincoln      Park Savings has, on September 13, 2007, been served with a Summons and      Complaint in the matter of Donald      Hom v. Lincoln Park Savings Bank and The Board of Directors of Lincoln      Park Savings Bank, Superior Court of New Jersey, Law Division,      Morris County, Docket No., MRS-L-1548-07. The complaint by Donald Hom,      former President and CEO of Lincoln Park Savings, alleges an employment      related claim pursuant to the New Jersey Conscientious Employee Protection      Act (N.J.S. 34:19-1 et      seq.) The complaint has been referred to special counsel for Lincoln Park      Savings for defense. |
|                                                                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                                                                                                             |
|                                                                          | Except      as noted above, neither the Company nor the Bank is involved in any      pending legal proceedings other than routine legal proceedings occurring      in the ordinary course of business, which involve amounts in the aggregate      believed by management to be immaterial to the financial condition of the      Company and the Bank.                                                                                                                                                                                                                                                                                                   |
|                                                                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                                                                                                             |
| ITEM      1A. Risk      Factors                                               |
|                                                                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                                                                                                             |
|                                                                          | Not      applicable.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                                                                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                                                                                                             |
| ITEM      2. Unregistered Sales of Equity      Securities and Use of Proceeds |
|                                                                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                                                                                                             |
|                                                                          | a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | Not      applicable                                                                                                                                                              |
|                                                                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                                                                                                             |
|                                                                          | b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | Not      applicable                                                                                                                                                              |
|                                                                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                                                                                                             |
|                                                                          | c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | Information      regarding the Company’s purchases of its equity securities (common stock)      during the three months ended September 30, 2008 is summarized      below: |

|                           |   | Total      Numberof      SharesPurchased |   |   | Average      PricePaid      ForShares |   |   | Total      Number ofShares      PurchasedUnder      a PubliclyAnnouncedRepurchase      Plan |   |   | Maximum      Numberof      Shares ThatMay      Yet BePurchased      UnderRepurchase      Plan |   |
|--------------------------------|--------|------------------------------------------|--------|--------|---------------------------------------|--------|--------|---------------------------------------------------------------------------------------------|--------|--------|-----------------------------------------------------------------------------------------------|--------|
| July      1- July 31           |   |  —                            |   |   |  —                         |   |   | 25,655                                                                                      |   |   | 57,905                                                                                        |   |
| August      1- August 31       |   | 13,100                                   |   |   | $ 6.80                           |   |   | 38,755                                                                                      |   |   | 44,805                                                                                        |   |
| September      1- September 30 |   |  —                            |   |   |  —                         |   |   | 38,755                                                                                      |   |   | 44,805                                                                                        |   |

----

|                                                                              |                                                          |   |                                                                                                                                     |
|-----------------------------------------------------------------------------------|---------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------|
| ITEM      3.   Defaults Upon Senior      Securities                     |
|                                                                              |
|                                                                              | Not      applicable.                                          |
|                                                                              |                                                          |
| ITEM      4.   Submission of Matters      to a Vote of Security Holders |
|                                                                              |
|                                                                              | Not      applicable.                                          |
|                                                                              |                                                          |
| ITEM      5.   Other      Information                                   |
|                                                                              |
|                                                                              | Not      applicable.                                          |
|                                                                              |                                                          |
| ITEM      6.   Exhibits                                                 |
|                                                                              |
|                                                                              | The      following Exhibits are filed as part of this report. |
|                                                                              |                                                          |
|                                                                              |                                                          | 31.1   | Certification      of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley      Act of 2002.                            |
|                                                                              |                                                          | 31.2   | Certification      of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley      Act of 2002.                            |
|                                                                              |                                                          | 32     | Certification      of Chief Executive Officer and Chief Financial Officer Pursuant to Section      906 of the Sarbanes-Oxley Act of2002. |

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|   |                   |   |                      |                                       |   |
|--------|------------------------|--------|---------------------------|--------------------------------------------|--------|
|   |                   |   | LINCOLN      PARK BANCORP |
|   |                   |   |                      |                                       |   |
| Date:  | November      14, 2008 |   |                      | /s/      David G. Baker                    |   |
|   |                   |   |                      | David      G. Baker                        |   |
|   |                   |   |                      | President      and Chief Executive Officer |
|   |                   |   |                      |                                       |   |
| Date:  | November      14, 2008 |   |                      | /s/      Nandini Mallya                    |   |
|   |                   |   |                      | Nandini      Mallya                        |   |
|   |                   |   |                      | Vice      President and Treasurer          |
|   |                   |   |                      | (Chief      Financial Officer)             |