##### 



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 WASHINGTON, D.C. 20549
 
 FORM 10-Q
 
 þ
    
    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
 For the Quarterly Period ended June 30, 2007or
 o
    
    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
 For transition period from            to
 Commission File Number 1-33732
 
 NORTHFIELD BANCORP, INC.
 (Exact Name of Registrant as Specified in Charter)
 
 United States of America
    
    42-1572539(State or Other Jurisdiction of Incorporation)
    
    (I.R.S. Employer Identification No.)1410 St. Georges Avenue, Avenel, New Jersey
    
    07001(Address of principal executive offices)
    
    (Zip Code)
 Registrants telephone number, including area code: (732) 499-7200
 Not Applicable
(Former name or former address, if changed since last report)
 
 o þ
  o o þ
 þ o




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##### 



NORTHFIELD BANCORP, INC.
   PageNumberPART I  FINANCIAL INFORMATIONItem 1. Financial Statements
    
    
    2Item 2. Managements Discussion and Analysis of Financial Condition and Results of Operations
    
    
    11Item 3. Quantitative and Qualitative Disclosures About Market Risk
    
    
    20Item 4. Controls and Procedures
    
    
    22Item 4T. Controls and Procedures
    
    
    22PART II  OTHER INFORMATIONItem 1. Legal Proceedings
    
    
    23Item 1A. Risk Factors
    
    
    23Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
    
    
    23Item 3. Defaults Upon Senior Securities
    
    
    23Item 4. Submission of Matters to a Vote of Security Holders
    
    
    23Item 5. Other Information
    
    
    23Item 6. Exhibits
    
    
    25Signatures
    
    
    24
 1




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##### 



PART I
 ITEM 1. FINANCIAL STATEMENTS
 NORTHFIELD BANCORP, INC.
(A NEW YORK CORPORATION)
CONSOLIDATED BALANCE SHEETS
 June 30,
    
    December 31,2007
    
    2006(Unaudited)ASSETSCash and due from banks
    
    $
    10,221
    
    
    $
    8,293Interest-bearing deposits in other financial institutions
    
    
    39,654
    
    
    
    38,331Federal funds sold
    
    
    1,800
    
    
    
    14,000Total cash and cash equivalents
    
    
    51,675
    
    
    
    60,624Certificates of deposit
    
    
    4,200
    
    
    
    5,200Trading securities
    
    
    3,463
    
    
    
    2,667Securities available-for-sale, at estimated market value
    
    
    696,615
    
    
    
    713,498Securities held-to-maturity, at amortized cost (estimated market value of $21,833
and $25,519 in 2007 (unaudited) and 2006, respectively)
    
    
    22,669
    
    
    
    26,169Loans held-for-sale
    
    
    469
    
    
    
    125Loans held-for-investment, net
    
    
    424,236
    
    
    
    409,189Allowance for loan losses
    
    
    (4,731
    )
    
    
    (5,030
    )Net loans held-for-investment
    
    
    419,505
    
    
    
    404,159Accrued interest receivable
    
    
    5,229
    
    
    
    5,624Bank owned life insurance
    
    
    40,687
    
    
    
    32,866Federal Home Loan Bank of New York stock, at cost
    
    
    6,117
    
    
    
    7,186Premises and equipment, net
    
    
    7,854
    
    
    
    8,232Goodwill
    
    
    16,159
    
    
    
    16,159Other assets
    
    
    12,918
    
    
    
    12,238Total assets
    
    $
    1,287,560
    
    
    $
    1,294,747LIABILITIES AND STOCKHOLDERS EQUITYLiabilitiesDeposits
    
    
    971,613
    
    
    
    989,789Securities sold under repurchase agreements
    
    
    109,000
    
    
    
    106,000Other borrowings
    
    
    22,479
    
    
    
    22,534Advance payments by borrowers for taxes and insurance
    
    
    1,639
    
    
    
    783Accrued expenses and other liabilities
    
    
    12,741
    
    
    
    11,647Total liabilities
    
    
    1,117,472
    
    
    
    1,130,753Stockholders equityCommon stock, $0.001 par value, shares authorized: 20,000,000; 100 shares
issued and outstanding
    
    
    
    
    
    
    Additional paid-in capital
    
    
    1,010
    
    
    
    510Retained earnings
    
    
    184,691
    
    
    
    177,731Accumulated other comprehensive loss
    
    
    (15,613
    )
    
    
    (14,247
    )Total stockholders equity
    
    
    170,088
    
    
    
    163,994Total liabilities and stockholders equity
    
    $
    1,287,560
    
    
    $
    1,294,747
  2




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##### 



NORTHFIELD BANCORP, INC.
(A NEW YORK CORPORTATION)
CONSOLIDATED STATEMENTS OF INCOME
 Three months ended
    
    Six months endedJune 30,
    
    June 30,2007
    
    2006
    
    2007
    
    2006Interest income:Loans
    
    $
    7,133
    
    
    $
    6,905
    
    
    $
    14,046
    
    
    $
    13,346Mortgage-backed securities
    
    
    7,234
    
    
    
    8,389
    
    
    
    14,433
    
    
    
    17,271Other securities
    
    
    388
    
    
    
    556
    
    
    
    1,063
    
    
    
    933Federal Home Loan Bank of New York dividends
    
    
    128
    
    
    
    147
    
    
    
    268
    
    
    
    306Deposits in other financial institutions
    
    
    761
    
    
    
    332
    
    
    
    1,336
    
    
    
    578Total interest income
    
    
    15,644
    
    
    
    16,329
    
    
    
    31,146
    
    
    
    32,434Interest expense:Deposits
    
    
    6,043
    
    
    
    5,191
    
    
    
    12,108
    
    
    
    9,698Borrowings
    
    
    1,354
    
    
    
    1,728
    
    
    
    2,533
    
    
    
    3,630Total interest expense
    
    
    7,397
    
    
    
    6,919
    
    
    
    14,641
    
    
    
    13,328Net interest income before provision for loan losses
    
    
    8,247
    
    
    
    9,410
    
    
    
    16,505
    
    
    
    19,106Provision for loan losses
    
    
    97
    
    
    
    60
    
    
    
    537
    
    
    
    210Net interest income after provision for loan losses
    
    
    8,150
    
    
    
    9,350
    
    
    
    15,968
    
    
    
    18,896Non-interest income:Fees and service charges for customer services
    
    
    652
    
    
    
    690
    
    
    
    1,367
    
    
    
    1,349Income on bank owned life insurance
    
    
    432
    
    
    
    309
    
    
    
    821
    
    
    
    618Gain on securities transactions, net
    
    
    180
    
    
    
    (109
    )
    
    
    244
    
    
    
    (9
    )Gain on sale of premises and equipment and
deposit relationships
    
    
    
    
    
    
    
    
    
    
    4,308
    
    
    
    Other
    
    
    106
    
    
    
    64
    
    
    
    232
    
    
    
    125Total non-interest income
    
    
    1,370
    
    
    
    954
    
    
    
    6,972
    
    
    
    2,083Non-interest expense:Compensation and employee benefits
    
    
    3,227
    
    
    
    2,821
    
    
    
    6,524
    
    
    
    5,936Occupancy
    
    
    818
    
    
    
    786
    
    
    
    1,705
    
    
    
    1,587Furniture and equipment
    
    
    209
    
    
    
    196
    
    
    
    421
    
    
    
    394Data processing
    
    
    521
    
    
    
    626
    
    
    
    1,155
    
    
    
    1,221Professional fees
    
    
    268
    
    
    
    320
    
    
    
    450
    
    
    
    494Other
    
    
    954
    
    
    
    904
    
    
    
    1,768
    
    
    
    1,666Total non-interest expense
    
    
    5,997
    
    
    
    5,653
    
    
    
    12,023
    
    
    
    11,298Income before income tax expense
    
    
    3,523
    
    
    
    4,651
    
    
    
    10,917
    
    
    
    9,681Income tax expense
    
    
    1,256
    
    
    
    1,690
    
    
    
    3,957
    
    
    
    3,540Net income
    
    $
    2,267
    
    
    $
    2,961
    
    
    $
    6,960
    
    
    $
    6,141
  3




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##### 



NORTHFIELD BANCORP, INC.
(A NEW YORK CORPORATION)
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS EQUITY
 AccumulatedCommon Stock
    
    Additional
    
    
    
    
    
    Other
    
    TotalPar
    
    Paid-in
    
    Retained
    
    Comprehensive
    
    StockholdersShares
    
    value
    
    Capital
    
    Earnings
    
    (Loss)
    
    EquityBalance at December
31, 2005
    
    
    100
    
    
    $
    
    
    
    $
    510
    
    
    $
    166,889
    
    
    $
    (15,640
    )
    
    $
    151,759Comprehensive income:Net income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    6,141
    
    
    
    
    
    
    
    6,141Change in other
comprehensive loss,
net of tax of $5,553
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (8,329
    )
    
    
    (8,329
    )Total comprehensive
loss
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (2,188
    )Balance at June 30,
2006
    
    
    100
    
    
    $
    
    
    
    $
    510
    
    
    $
    173,030
    
    
    $
    (23,969
    )
    
    $
    149,571Balance at December
31, 2006
    
    
    100
    
    
    $
    
    
    
    $
    510
    
    
    $
    177,731
    
    
    $
    (14,247
    )
    
    $
    163,994Comprehensive income:Net income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    6,960
    
    
    
    
    
    
    
    6,960Change in other
comprehensive loss,
net of tax of $910
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (1,366
    )
    
    
    (1,366
    )Total comprehensive
income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    5,594Capital contribution
from NSB Holding
Corp.
    
    
    
    
    
    
    
    
    
    
    500
    
    
    
    
    
    
    
    
    
    
    
    500Balance at June 30,
2007
    
    
    100
    
    
    $
    
    
    
    $
    1,010
    
    
    $
    184,691
    
    
    $
    (15,613
    )
    
    $
    170,088
  4




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##### 



NORTHFIELD BANCORP, INC.
(A NEW YORK CORPORATION)
CONSOLIDATED STATEMENTS OF CASH FLOWS
 Six months endedJune 30,2007
    
    2006Cash flows from operating activities:Net income
    
    $
    6,960
    
    
    $
    6,141Adjustments to reconcile to net income to net cash provided by operating activitiesProvision for loan losses
    
    
    537
    
    
    
    210Depreciation and amortization
    
    
    658
    
    
    
    633Amortization of premiums, net of accretion of discounts, and deferred loan fees
    
    
    175
    
    
    
    425Amortization of mortgage servicing rights
    
    
    84
    
    
    
    106Income on bank owned life insurance
    
    
    (821
    )
    
    
    (618
    )Net gain on sale of loans
    
    
    (27
    )
    
    
    (16
    )Proceeds from sale of loans
    
    
    2,925
    
    
    
    626Origination of mortgage loans held-for-sale
    
    
    (3,242
    )
    
    
    (610
    )Gain on securities transactions, net
    
    
    (244
    )
    
    
    9Gain on sale of deposit relationships
    
    
    (3,660
    )
    
    
    Gain on sale of premises and equipment, net
    
    
    (648
    )
    
    
    Purchases of trading securities
    
    
    (557
    )
    
    
    (431
    )Decrease (increase) in accrued interest receivable
    
    
    395
    
    
    
    (596
    )Decrease (increase) in other assets
    
    
    1,236
    
    
    
    (981
    )Deferred taxes
    
    
    (111
    )
    
    
    (234
    )Increase (decrease) in accrued expenses and other liabilities
    
    
    1,094
    
    
    
    (3,761
    )Amortization of core deposit intangible
    
    
    189
    
    
    
    179Net cash provided by operating activities
    
    
    4,943
    
    
    
    1,082Cash flows from investing activities:Net increase in loans receivable
    
    
    (14,054
    )
    
    
    (22,766
    )Redemption of Federal Home Loan Bank of New York stock, net
    
    
    1,069
    
    
    
    1,598Purchases of securities available-for-sale
    
    
    (95,733
    )
    
    
    (12,650
    )Principal payments and maturities of securities available-for-sale
    
    
    106,286
    
    
    
    79,512Principal payments and maturities of securities held-to-maturity
    
    
    3,496
    
    
    
    4,798Proceeds from sale of securities available-for-sale
    
    
    3,726
    
    
    
    Purchases of certificate of deposits
    
    
    (26,000
    )
    
    
    (20,000
    )Proceeds from maturities of certificates of deposits
    
    
    27,000
    
    
    
    10Purchase of bank owned life insurance
    
    
    (7,000
    )
    
    
    Additions to premises and equipment
    
    
    (280
    )
    
    
    (692
    )Proceeds from sale of premises and equipment
    
    
    1,473
    
    
    
    -Net cash (used in) provided by investing activities
    
    
    (17
    )
    
    
    29,810
 (Continued)
 5




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##### 



NORTHFIELD
BANCORP, INC.(A NEW YORK CORPORATION)
CONSOLIDATED STATEMENTS OF CASH FLOWS
 Six months endedJune 30,2007
    
    2006Cash flows from financing activities:Net increase (decrease) in deposits
    
    
    4,809
    
    
    
    (5,854
    )Deposit relationships sold, net
    
    
    (22,985
    )
    
    
    Increase in advance payments by borrowers for taxes and insurance
    
    
    856
    
    
    
    448Repayment under capital lease obligations
    
    
    (55
    )
    
    
    (45
    )Proceeds from securities sold under repurchase agreements
    
    
    20,000
    
    
    
    3,000Repayments related to securities sold under repurchase agreements
    
    
    (17,000
    )
    
    
    (42,000
    )Repayments of Federal Home Loan Bank of New York advances
    
    
    
    
    
    
    (5,000
    )Capital contribution from NSB Holding Corp.
    
    
    500
    
    
    
    Net cash used in financing activities
    
    
    (13,875
    )
    
    
    (49,451
    )Net decrease in cash and cash equivalents
    
    
    (8,949
    )
    
    
    (18,559
    )Cash and cash equivalents at beginning of period
    
    
    60,624
    
    
    
    38,368Cash and cash equivalents at end of period
    
    $
    51,675
    
    
    $
    19,809Supplemental cash flow information:Cash paid during the period for:Interest
    
    $
    14,703
    
    
    $
    13,438Income taxes
    
    
    2,891
    
    
    
    6,204
  6




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##### 



Note 1  Basis of Presentation
     Note 2 Stock Offering
  7




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##### 



Note 3  Loans Held-for-Investment
  June 30,
    
    December 31,2007
    
    2006Real estate loansCommercial mortgage
    
    $
    241,058
    
    
    $
    207,680One -to- four family residential mortgage
    
    
    98,803
    
    
    
    107,572Home equity and line of credit
    
    
    12,273
    
    
    
    13,922Construction and land
    
    
    45,435
    
    
    
    52,124Multifamily
    
    
    13,088
    
    
    
    13,276Total real estate loans
    
    
    410,657
    
    
    
    394,574Commercial and industrial loans
    
    
    11,109
    
    
    
    11,022Other loans
    
    
    2,464
    
    
    
    3,597Total commercial and industrial and other loans
    
    
    13,573
    
    
    
    14,619Total loans held -for- investment
    
    
    424,230
    
    
    
    409,193Deferred loan cost (fees), net
    
    
    6
    
    
    
    (4
    )Loans held -for- investment, net
    
    
    424,236
    
    
    
    409,189Allowance for loan losses
    
    
    (4,731
    )
    
    
    (5,030
    )Net loans held -for- investment
    
    $
    419,505
    
    
    $
    404,159
  At or for thesix months endedJune 30,2007
    
    2006Beginning balance
    
    $
    5,030
    
    
    $
    4,795Provision for loan losses
    
    
    537
    
    
    
    210Charge-offs
    
    
    (836
    )
    
    
    Recoveries
    
    
    
    
    
    
    Ending balance
    
    $
    4,731
    
    
    $
    5,005
  8




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##### 



Note 4  Deposits
  June 30,
    
    
    December 31,2007
    
    
    2006Non-interest-bearing demand
    
    $
    96,182
    
    
    $
    95,339Interest-bearing NOW
    
    
    49,302
    
    
    
    40,852Money market accounts
    
    
    13,224
    
    
    
    14,258Savings
    
    
    327,051
    
    
    
    342,927Certificates of deposit
    
    
    485,854
    
    
    
    496,413$
    971,613
    
    
    $
    989,789
  Three months ended
    
    
    Six months endedJune 30,
    
    
    June 30,2007
    
    
    2006
    
    
    2007
    
    
    2006Negotiable orders of withdrawal
    
    $
    200
    
    
    $
    60
    
    
    $
    350
    
    
    $
    104Money market
    
    
    25
    
    
    
    31
    
    
    
    51
    
    
    
    67Savings
    
    
    560
    
    
    
    686
    
    
    
    1,128
    
    
    
    1,393Certificates of deposit
    
    
    5,258
    
    
    
    4,414
    
    
    
    10,579
    
    
    
    8,134$
    6,043
    
    
    $
    5,191
    
    
    $
    12,108
    
    
    $
    9,698
 Note 5  Other Postretirement Benefits
  Three months ended
    
    
    Six months endedJune 30,
    
    
    June 30,2007
    
    
    2006
    
    
    2007
    
    
    2006Service cost
    
    $
    1
    
    
    $
    1
    
    
    $
    2
    
    
    $
    2Interest cost
    
    
    17
    
    
    
    22
    
    
    
    34
    
    
    
    43Amortization of transition obligation
    
    
    4
    
    
    
    4
    
    
    
    9
    
    
    
    8Amortization of prior service costs
    
    
    4
    
    
    
    4
    
    
    
    8
    
    
    
    8Amortization of unrecognized (gain) loss
    
    
    (4
    )
    
    
    9
    
    
    
    (8
    )
    
    
    18$
    22
    
    
    $
    40
    
    
    $
    45
    
    
    $
    79
 Note 6  Income Taxes
  9




---



##### 



10




---



##### 



ITEM 2.
    
    MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS
 Cautionary Statement Regarding Forward-Looking Information
 Forward Looking Statements
  
    
    statements of our goals, intentions and expectations;
    
    statements regarding our business plans and prospects and growth and operating
strategies;
    
    statements regarding the asset quality of our loan and investment portfolios; and
    
    estimates of our risks and future costs and benefits.
  
    
    significantly increased competition among depository and other financial
institutions;
    
    inflation and changes in the interest rate environment that reduce our interest
margins or reduce the fair value of financial instruments;
    
    general economic conditions, either nationally or in our market areas, that are
worse than expected;
    
    adverse changes in the securities markets;
    
    legislative or regulatory changes that adversely affect our business;
    
    our ability to enter new markets successfully and take advantage of growth
opportunities, and the possible dilutive effect of potential acquisitions or de novo
branches, if any;
    
    changes in consumer spending, borrowing and savings habits;
    
    changes in accounting policies and practices, as may be adopted by bank regulatory
agencies and the Financial Accounting Standards Board and other promulgating
authorities;
    
    inability of third-party providers to perform their obligations to us; and
    
    changes in our organization, compensation and benefit plans.
  11




---



##### 



Critical Accounting Policies
  Overview
    Comparison of Financial Condition at June 30, 2007 and December 31, 2006
   12




---



##### 



Comparison of Operating Results for the Three Months Ended June 30, 2007 and 2006
 General.
 Interest Income.
 13




---



##### 



Interest Expense.
   Net Interest Income.
 14




---



##### 



Provision for Loan Losses.
   Non-interest Income.
 Non-interest Expense.
 Income Tax Expense.
 15




---



##### 



Comparison of Operating Results for the Six Months Ended June 30, 2007 and 2006
 General.
 Interest Income.
   Interest Expense.
  16




---



##### 



Net Interest Income.
 Provision for Loan Losses.
  Non-interest Income.
 Non-interest Expense.
 17




---



##### 



Income Tax Expense.
  Liquidity and Capital Resources
 Liquidity
  Capital Resources
  Minimum
    
    Minimum Required toRequired for
    
    Be Well CapitalizedCapital
    
    Under PromptAdequacy
    
    Corrective ActionActual Ratio
    
    Purposes
    
    ProvisionsJune 30, 2007Total capital (to risk- weighted assets)
    
    
    25.59
    %
    
    
    8.00
    %
    
    
    10.00
    %Tier 1 (core) capital (to risk-weighted assets)
    
    
    24.87
    
    
    
    4.00
    
    
    
    6.00Tier 1 (core) capital (to adjusted total assets)
    
    
    13.23
    
    
    
    4.00
    
    
    
    5.00December 31, 2006Total capital (to risk- weighted assets)
    
    
    25.03
    %
    
    
    8.00
    %
    
    
    10.00
    %Tier 1 (core) capital (to risk-weighted assets)
    
    
    24.25
    
    
    
    4.00
    
    
    
    6.00Tier 1 (core) capital (to adjusted total assets)
    
    
    12.38
    
    
    
    4.00
    
    
    
    5.00
 18




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##### 



Off-Balance Sheet Arrangements and Contractual Obligations
   MoreLess than
    
    
    
    
    
    
    
    
    
    than 5Contractual Obligation
    
    Total
    
    One year
    
    1-3 years
    
    3-5 Years
    
    yearsDebt Obligations (excluding capitalized leases)
    
    $
    129,000
    
    
    $
    74,000
    
    
    $
    55,000
    
    
    $
    
    
    
    $
    Commitments to Originate Loans
    
    $
    35,076
    
    
    $
    35,076Commitments to Fund Unused Lines of Credit
    
    $
    13,517
    
    
    $
    13,517
    19




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##### 



ITEM 3.
    
    QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
   
    
    originating commercial real estate loans and multifamily loans that generally tend
to have shorter maturities and higher interest rates that generally reset at five
years;
    
    investing in shorter duration investment grade corporate securities and
mortgage-backed securities; and
    
    obtaining general financing through lower cost deposits and longer-term Federal Home
Loan Bank advances and repurchase agreements.
  Net Portfolio Value Analysis .
 Net Interest Income Analysis.
 20




---



##### 



NPV
    
    Net Interest IncomeChange in
    
    
    
    
    
    Estimated Increase (Decrease)
    
    Estimated
    
    Increase (Decrease) inInterest Rates
    
    Estimated
    
    in NPV
    
    Net Interest
    
    Estimated Net Interest Income(basis points)
    
    NPV
    
    Amount
    
    Percent
    
    Income
    
    Amount
    
    Percent(Dollars in thousands)+300
    
    $
    171,277
    
    
    $
    (50,667
    )
    
    
    (22.8
    )%
    
    $
    30,323
    
    
    $
    (5,669
    )
    
    
    (15.8
    )%+200
    
    
    187,302
    
    
    
    (36,642
    )
    
    
    (15.6
    )
    
    
    32,229
    
    
    
    (3,763
    )
    
    
    (10.5
    )+100
    
    
    204,139
    
    
    
    (17,805
    )
    
    
    (8.0
    )
    
    
    34,115
    
    
    
    (1,877
    )
    
    
    (5.2
    )0
    
    
    221,944
    
    
    
    
    
    
    
    
    
    
    
    35,992
    
    
    
    
    
    
    
    -100
    
    
    239,368
    
    
    
    17,424
    
    
    
    7.9
    
    
    
    37,669
    
    
    
    1,677
    
    
    
    4.7-200
    
    
    252,983
    
    
    
    31,039
    
    
    
    14.0
    
    
    
    38,478
    
    
    
    2,486
    
    
    
    6.9
   21




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##### 



ITEM 4.
    
    CONTROLS AND PROCEDURES
  ITEM 4T.
    
    CONTROLS AND PROCEDURES
   22




---



##### 



PART II
 ITEM 1.
    
    LEGAL PROCEEDINGS
  ITEM 1A.
    
    RISK FACTORS
  ITEM 2.
    
    UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
 (a)
    
    Unregistered Sale of Equity Securities. There were no sales of unregistered securities
during the period covered by this report.(b)
    
    Use of Proceeds. The Registrant commenced its initial stock offering on or about
August 23, 2007. Subscriptions received in the offering earn interest at Northfield Banks
passbook savings rate. There have been no material changes in the Registrants projected
use of the offering proceeds as from what was disclosed in the section entitled How We
Intend to Use the Proceeds from the Stock Offering in the Registrants Registration
Statement on Form S-1 (Commission File No. 333-143643)(c)
    
    Repurchases of Our Equity Securities. There were no issuer repurchases of securities
during the period covered.
 ITEM 3.
    
    DEFAULTS UPON SENIOR SECURITIES
  ITEM 4.
    
    SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
  ITEM 5.
    
    OTHER INFORMATION
  ITEM 6.
    
    EXHIBITS
  23




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##### 



SIGNATURES
  NORTHFIELD BANCORP, INC.(Registrant)Date:
October 10, 2007/s/ John W. AlexanderJohn W. AlexanderChairman, President and Chief Executive Officer/s/ Steven M. KleinSteven M. KleinExecutive Vice President and Chief Financial Officer(Principal Financial and Accounting Officer)
 24




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##### 



ExhibitNumber
    
    Description31.1
    
    Certification of John W. Alexander, Chairman, President and Chief Executive Officer,
Pursuant to Rule 13a-14(a) and Rule 15d-14(a).31.2
    
    Certification of Steven M. Klein, Executive Vice President and Chief Financial Officer,
Pursuant to Rule 13a-14(a) and Rule 15d-14(a).32
    
    Certification of John W. Alexander, Chairman, President and Chief Executive Officer,
and Steven M. Klein, Executive Vice President and Chief Financial Officer, Pursuant to
18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act
of 2002.
 25