----

| Delaware(State or other jurisdiction of incorporation or organization)           |   | 11-3297463(I.R.S. employer identification number) |
|----------------------------------------------------------------------------------|--------|---------------------------------------------------|
|  209 Havemeyer Street, Brooklyn, NY(Address of principal executive offices) |   |  11211(Zip Code)                             |

| LARGE ACCELERATED FILER ___ | ACCELERATED FILER    X    |     NON -ACCELERATED FILER  ___ | SMALLER REPORTING COMPANY ___ |
|-----------------------------|---------------------------------------------------------|----------------------------------------------------------|-------------------------------|

|                                  Classes of Common Stock                                 |   | Number of Shares Outstanding at May 7, 2010 |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------|
|                                        $.01 Par Value |   | 34,541,714                                  |
|                                                                                                                                                                                                                                                     |   |                                        |

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|     |                                                                                                                                                                |                     Page |
|----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------|
|     | PART I - FINANCIAL INFORMATION                                                                                                                                      |                                                                                                                    |
| Item 1.  | Unaudited Condensed Consolidated Financial Statements                                                                                                               |                                                                                                                    |
|     | Condensed Consolidated Statements of Financial Condition at March 31, 2010 and December 31, 2009                                                                    | 3                                                                                                                       |
|     | Condensed Consolidated Statements of Operations for the Three-Months Ended March 31, 2010 and 2009                                                                  | 4                                                                                                                       |
|     |     Condensed Consolidated Statements of Changes in Stockholders' Equity and Comprehensive Income for the Three Months Ended March 31, 2010 and 2009 | 5                                                                                                                       |
|     | Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2010 and 2009                                                                  | 6                                                                                                                       |
|     | Notes to Consolidated Financial Statements                                                                                                                          | 7-19                                                                                                                    |
| Item 2.  | Management's Discussion and Analysis of Financial Condition and Results of Operations                                                                               | 19-32                                                                                                                   |
| Item 3.  | Quantitative and Qualitative Disclosures About Market Risk                                                                                                          | 32-34                                                                                                                   |
| Item 4.  | Controls and Procedures                                                                                                                                             | 34                                                                                                                      |
|     | PART II - OTHER INFORMATION                                                                                                                                         |                                                                                                                    |
| Item 1.  | Legal Proceedings                                                                                                                                                   | 34                                                                                                                      |
| Item 1A. | Risk Factors                                                                                                                                                        | 34                                                                                                                      |
| Item 2.  | Unregistered Sales of Equity Securities and Use of Proceeds                                                                                                         | 34                                                                                                                      |
| Item 3.  | Defaults Upon Senior Securities                                                                                                                                     | 34                                                                                                                      |
| Item 5.  | Other Information                                                                                                                                                   | 34                                                                                                                      |
| Item 6.  | Exhibits                                                                                                                                                            | 34-36                                                                                                                   |
|     | Signatures                                                                                                                                                          | 37                                                                                                                      |

| · | the timing and occurrence or non-occurrence of events may be subject to circumstances beyond the Company's control;                                                                                                                   |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| · | there may be increases in competitive pressure among financial institutions or from non-financial institutions;                                                                                                                       |
| · | changes in the interest rate environment may reduce interest margins;                                                                                                                                                                 |
| · | changes in deposit flows, loan demand or real estate values may adversely affect the business of The Dime Savings Bank of Williamsburgh (the"Bank");                                                                                  |
| · | changes in accounting principles, policies or guidelines may cause the Company's financial condition to be perceived differently;                                                                                                     |
| · | changes in corporate and/or individual income tax laws may adversely affect the Company's business or financial condition;                                                                                                            |
| · | general economic conditions, either nationally or locally in some or all areas in which the Company conducts business, or conditions in the securities markets or banking industry, may be less favorable than currently anticipated; |
| · | legislation or regulatory changes may adversely affect the Company's business;                                                                                                                                                        |
| · | technological changes may be more difficult or expensive than the Company anticipates;                                                                                                                                                |
| · | success or consummation of new business initiatives may be more difficult or expensive than the Company anticipates;                                                                                                                  |
| · | litigation or other matters before regulatory agencies, whether currently existing or commencing in the future, may delay the occurrence or non-occurrence of events longer than the Company anticipates; and                         |
| · | the risks referred to in the section entitled "Risk Factors."                                                                                                                                                                         |

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|                                                                                                                                                                                                                                                                | March 31, 2010    | December 31, 2009    |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------|-------------------------------------|
| ASSETS:                                                                                                                                                                                                                                                             |                             |                                |
| Cash and due from banks                                                                                                                                                                                                                                             | $114,069                    | $39,338                        |
| Federal funds sold and other short-term investments                                                                                                                                                                                                                 | 5,847                       | 3,785                          |
| Investment securities held-to-maturity (estimated fair value of $6,106 and $5,330 at March 31, 2010 and December 31, 2009, respectively) (Fully unencumbered)                                                                                                       | 7,306                       | 7,240                          |
| Investment securities available-for-sale, at fair value ($33,992 and $27,646 encumbered at March 31, 2010 and December 31, 2009, respectively)                                                                                                                      | 53,193                      | 43,162                         |
| Mortgage-backed securities available-for-sale, at fair value ($178,235 and $221,048 encumbered at March 31, 2010 and December 31, 2009, respectively)                                                                                                               | 200,610                     | 224,773                        |
| Trading securities                                                                                                                                                                                                                                                  | 1,390                       | -                         |
| Loans:                                                                                                                                                                                                                                                              |                             |                                |
|     Real estate, net                                                                                                                                                                                                                            | 3,485,176                   | 3,392,038                      |
|     Other loans                                                                                                                                                                                                                                 | 2,551                       | 3,221                          |
|     Less allowance for loan losses                                                                                                                                                                                                              | (24,620)                         | (21,505)                            |
|    Total loans, net                                                                                                                                                                                                                                  | 3,463,107                   | 3,373,754                      |
| Loans held for sale                                                                                                                                                                                                                                                 | -                      | 416                            |
| Premises and fixed assets, net                                                                                                                                                                                                                                      | 29,897                      | 29,841                         |
| Federal Home Loan Bank of New York ("FHLBNY") capital stock                                                                                                                                                                                                         | 54,983                      | 54,083                         |
| Other real estate owned ("OREO")                                                                                                                                                                                                                                    | 707                         | 755                            |
| Goodwill                                                                                                                                                                                                                                                            | 55,638                      | 55,638                         |
| Other assets                                                                                                                                                                                                                                                        | 127,193                     | 119,489                        |
| Total Assets                                                                                                                                                                                                                                                        | $4,113,940                  | $3,952,274                     |
| LIABILITIES AND STOCKHOLDERS' EQUITY                                                                                                                                                                                                                                |                             |                                |
| Liabilities:                                                                                                                                                                                                                                                        |                             |                                |
| Due to depositors:                                                                                                                                                                                                                                                  |                             |                                |
| Interest bearing deposits                                                                                                                                                                                                                                           | $2,208,934                  | $2,110,387                     |
| Non-interest bearing deposits                                                                                                                                                                                                                                       | 103,676                     | 106,449                        |
| Total deposits                                                                                                                                                                                                                                                      | 2,312,610                   | 2,216,836                      |
| Escrow and other deposits                                                                                                                                                                                                                                           | 99,187                      | 65,895                         |
| Securities sold under agreements to repurchase                                                                                                                                                                                                                      | 195,000                     | 230,000                        |
| FHLBNY advances                                                                                                                                                                                                                                                     | 1,064,675                   | 1,009,675                      |
| Subordinated notes payable                                                                                                                                                                                                                                          | 25,000                      | 25,000                         |
| Trust Preferred securities payable                                                                                                                                                                                                                                  | 70,680                      | 70,680                         |
| Other liabilities                                                                                                                                                                                                                                                   | 38,248                      | 39,415                         |
| Total Liabilities                                                                                                                                                                                                                                                   | $3,805,400                  | $3,657,501                     |
| Commitments and Contingencies                                                                                                                                                                                                                                       |                             |                                |
| Stockholders' Equity:                                                                                                                                                                                                                                               |                             |                                |
| Preferred stock ($0.01 par, 9,000,000 shares authorized, none issued or outstanding at March 31, 2010 and December 31, 2009)                                                                                                                                        | -                      | -                         |
| Common stock ($0.01 par, 125,000,000 shares authorized, 51,131,784 shares issued at March 31, 2010 and December 31, 2009, respectively, and 34,385,355 shares    and 34,395,531 shares outstanding at March 31, 2010 and December 31, 2009, respectively) | 511                         | 511                            |
| Additional paid-in capital                                                                                                                                                                                                                                          | 223,046                     | 214,654                        |
| Retained earnings                                                                                                                                                                                                                                                   | 311,748                     | 306,787                        |
| Accumulated other comprehensive loss, net of deferred taxes                                                                                                                                                                                                         | (4,992)                          | (5,082)                             |
| Unallocated common stock of Employee Stock Ownership Plan ("ESOP")                                                                                                                                                                                                  | (3,644)                          | (3,701)                             |
| Unearned Restricted Stock Award common stock                                                                                                                                                                                                                        | (2,114)                          | (2,505)                             |
| Common stock held by Benefit Maintenance Plan ("BMP")                                                                                                                                                                                                               | (7,979)                          | (8,007)                             |
| Treasury stock, at cost (16,746,429 shares and 16,736,253 shares at March 31, 2010 and December 31, 2009, respectively)                                                                                                                                             | (208,036)                        | (207,884)                           |
| Total Stockholders' Equity                                                                                                                                                                                                                                          | $308,540                    | $294,773                       |
| Total Liabilities And Stockholders' Equity                                                                                                                                                                                                                          | $4,113,940                  | $3,952,274                     |

----

|                                                                                              |                                          Three Months Ended March 31, |
|---------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                              | 2010                                                                                                                                                                                                                                                           | 2009    |
| Interest income:                                                                                  |                                                                                                                                                                                                                                                                          |   |
| Loans secured by real estate                                                                      | $50,122                                                                                                                                                                                                                                                        | $48,329    |
| Other loans                                                                                       | 39                                                                                                                                                                                                                                                             | 37    |
| Mortgage-backed securities                                                                        | 2,271                                                                                                                                                                                                                                                          | 3,280    |
| Investment securities                                                                             | 407                                                                                                                                                                                                                                                            | 245    |
| Federal funds sold and other short-term investments                                               | 742                                                                                                                                                                                                                                                            | 503    |
| Total interest  income                                                                  | 53,581                                                                                                                                                                                                                                                         | 52,394    |
|                                                                                              |                                                                                                                                                                                                                                                                          |   |
| Interest expense:                                                                                 |                                                                                                                                                                                                                                                                          |   |
| Deposits and escrow                                                                               | 7,593                                                                                                                                                                                                                                                          | 14,212    |
| Borrowed funds                                                                                    | 13,222                                                                                                                                                                                                                                                         | 14,042    |
| Total interest expense                                                                            | 20,815                                                                                                                                                                                                                                                         | 28,254    |
| Net interest income                                                                               | 32,766                                                                                                                                                                                                                                                         | 24,140    |
| Provision for loan losses                                                                         | 3,447                                                                                                                                                                                                                                                          | 2,640    |
| Net interest income after provision for loan losses                                               | 29,319                                                                                                                                                                                                                                                         | 21,500    |
|                                                                                              |                                                                                                                                                                                                                                                                          |   |
| Non-interest income:                                                                              |                                                                                                                                                                                                                                                                          |   |
| Total other than temporary impairment ("OTTI") losses                                             | (216)                                                                                                                                                                                                                                                               | (6,104)   |
| Less:  Non-credit portion of OTTI recorded in other comprehensive income (before taxes) | 50                                                                                                                                                                                                                                                             | 1,064    |
| Net OTTI recognized in earnings                                                                   | (166)                                                                                                                                                                                                                                                               | (5,040)   |
| Service charges and other fees                                                                    | 936                                                                                                                                                                                                                                                            | 858    |
| Net mortgage banking (loss) income                                                                | 211                                                                                                                                                                                                                                                            | (1,169)   |
| Net gain on sales of investment securities                                                        | 569                                                                                                                                                                                                                                                            | 431    |
| Income from bank owned life insurance                                                             | 504                                                                                                                                                                                                                                                            | 493    |
| Other                                                                                             | 456                                                                                                                                                                                                                                                            | 381    |
| Total non-interest income (loss)                                                                  | 2,510                                                                                                                                                                                                                                                          | (4,046)   |
|                                                                                              |                                                                                                                                                                                                                                                                          |   |
| Non-interest expense:                                                                             |                                                                                                                                                                                                                                                                          |   |
| Salaries and employee benefits                                                                    | 7,979                                                                                                                                                                                                                                                          | 6,874    |
| Stock benefit plan amortization expense                                                           | 907                                                                                                                                                                                                                                                            | 927    |
| Occupancy and equipment                                                                           | 2,258                                                                                                                                                                                                                                                          | 2,086    |
| Federal deposit insurance premiums                                                                | 992                                                                                                                                                                                                                                                            | 809    |
| Data processing costs                                                                             | 759                                                                                                                                                                                                                                                            | 754    |
| Provision for losses on OREO                                                                      | 200                                                                                                                                                                                                                                                            | -     |
| Other                                                                                             | 2,597                                                                                                                                                                                                                                                          | 2,158    |
| Total non-interest expense                                                                        | 15,692                                                                                                                                                                                                                                                         | 13,608    |
|                                                                                              |                                                                                                                                                                                                                                                                          |   |
| Income before income taxes                                                                        | 16,137                                                                                                                                                                                                                                                         | 3,846    |
| Income tax expense                                                                                | 6,667                                                                                                                                                                                                                                                          | 996    |
| Net income                                                                                        | $9,470                                                                                                                                                                                                                                                         | $2,850    |
|                                                                                              |                                                                                                                                                                                                                                                                          |   |
| Earnings per Share:                                                                               |                                                                                                                                                                                                                                                                          |   |
| Basic                                                                                             | $0.29                                                                                                                                                                                                                                                               | $0.09   |
| Diluted                                                                                           | $0.28                                                                                                                                                                                                                                                               | $0.09   |

----

|                                                                                                                                                                                                                                   | Three Months Ended March 31,    |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------|
|                                                                                                                                                                                                                                   | 2010                            | 2009    |
| STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY                                                                                                                                                                                          |                                           |   |
| Common Stock (Par Value $0.01):                                                                                                                                                                                                        |                                           |   |
| Balance at beginning of period                                                                                                                                                                                                         | $511                                      | $511  |
| Balance at end of period                                                                                                                                                                                                               | 511                                       | 511  |
| Additional Paid-in Capital:                                                                                                                                                                                                            |                                           |   |
| Balance at beginning of period                                                                                                                                                                                                         | 214,654                                   | 213,917  |
| Forfeited restricted stock award shares returned to treasury stock                                                                                                                                                                     | 3                                         | -   |
| Tax (expense) benefit of stock plans                                                                                                                                                                                                   | (5)                                            | (11) |
| BMP award distribution                                                                                                                                                                                                                 | (28)                                           | -   |
| BMP reclassification                                                                                                                                                                                                                   | 8,007                                     | -   |
| Amortization of excess fair value over cost – ESOP stock and stock options expense                                                                                                                                               | 415                                       | 451  |
| Balance at end of period                                                                                                                                                                                                               | 223,046                                   | 214,357  |
| Retained Earnings:                                                                                                                                                                                                                     |                                           |   |
| Balance at beginning of period                                                                                                                                                                                                         | 306,787                                   | 297,848  |
| Net income for the period                                                                                                                                                                                                              | 9,470                                     | 2,850  |
| Cash dividends declared and paid                                                                                                                                                                                                       | (4,642)                                        | (4,603) |
| Cumulative effect adjustment for the adoption of ASC 320-10-65,  net of taxes of $1,034                                                                                                                                      | -                                    | 1,255  |
| BMP reclassification                                                                                                                                                                                                                   | 133                                       | -   |
| Balance at end of period                                                                                                                                                                                                               | 311,748                                   | 297,350  |
| Accumulated Other Comprehensive Loss, net of tax:                                                                                                                                                                                      |                                           |   |
| Balance at beginning of period                                                                                                                                                                                                         | (5,082)                                        | (11,111) |
| Cumulative effect adjustment for the adoption of ASC 320-10-65, net of taxes of $1,034                                                                                                                                                 | -                                    | (1,255) |
| Amortization and reversal of net unrealized loss on securities transferred from available-for- sale to held-to-maturity, net of tax                                                                                                    | 169                                       | 891  |
| Non-credit component of OTTI charge recognized during the period, net of tax                                                                                                                                                           | (28)                                           | (583) |
| (Increase) Decrease in unrealized loss on available-for-sale securities during the period                                                                                                                                              | (21)                                           | 3,474  |
| Adjustments related to defined benefit plans, net of tax                                                                                                                                                                               | (30)                                           | -   |
| Balance at end of period                                                                                                                                                                                                               | (4,992)                                        | (8,584) |
| ESOP:                                                                                                                                                                                                                                  |                                           |   |
| Balance at beginning of period                                                                                                                                                                                                         | (3,701)                                        | (3,933) |
| Amortization of earned portion of ESOP stock                                                                                                                                                                                           | 57                                        | 58  |
| Balance at end of period                                                                                                                                                                                                               | (3,644)                                        | (3,875) |
| Unearned Restricted Stock Award Common Stock                                                                                                                                                                                           |                                           |   |
| Balance at beginning of period                                                                                                                                                                                                         | (2,505)                                        | (1,790) |
| Amortization of earned portion of restricted stock awards                                                                                                                                                                              | 242                                       | 231  |
| Forfeited restricted stock award shares returned to treasury stock                                                                                                                                                                     | 149                                       | -   |
| Balance at end of period                                                                                                                                                                                                               | (2,114)                                        | (1,559) |
| Treasury Stock, at cost                                                                                                                                                                                                                |                                           |   |
| Balance at beginning of period                                                                                                                                                                                                         | (207,884)                                      | (210,471) |
| Forfeited restricted stock award shares returned to treasury stock                                                                                                                                                                     | (152)                                          | -   |
| Balance at end of period                                                                                                                                                                                                               | (208,036)                                      | (210,471) |
| Common Stock Held by BMP                                                                                                                                                                                                               |                                           |   |
| Balance at beginning of period                                                                                                                                                                                                         | (8,007)                                        | (8,007) |
| BMP award distribution                                                                                                                                                                                                                 | 28                                        | -   |
| Balance at end of period                                                                                                                                                                                                               | (7,979)                                        | (8,007) |
|                                                                                                                                                                                                                                   |                                           |   |
| Total Stockholders' Equity                                                                                                                                                                                                             | 308,540                                   | 279,722  |
| STATEMENTS OF COMPREHENSIVE INCOME                                                                                                                                                                                                     |                                           |   |
| Net Income                                                                                                                                                                                                                             | $9,470                                    | $2,850  |
| Amortization and reversal of net unrealized loss on securities transferred from available-for- sale to held-to-maturity, net of taxes of $12 and $734 during the three months    ended March 31, 2010 and 2009, respectively | 15                                        | 891  |
| Reduction in non-credit component of OTTI charge, net of taxes of $(127) during the three months ended March 31, 2010                                                                                                                  | 154                                       | -   |
| Non-credit component of OTTI charge recognized during the period, net of tax benefit of $(22) and $(479) during the three months ended March 31, 2010 and 2009, respectively                                                           | (28)                                           | (583) |
| Reclassification adjustment for securities gains recognized during the period, net of taxes of $257 and $195 during the three months ended March 31, 2010 and 2009, respectively                                                       | (312)                                          | (236) |
| Net unrealized securities gains arising during the period, net of taxes of $240 and $3,054 during the three months ended March 31, 2010 and 2009, respectively                                                                         | 291                                       | 3,710  |
| Defined benefit plan adjustments, net of tax benefit of $(25) during the three months ended March 31, 2010                                                                                                                             | (30)                                           | -   |
| Comprehensive Income                                                                                                                                                                                                                   | $9,560                                    | $6,632  |

----

|                                                                                                  |                                             Three Months Ended March 31, |
|-------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                  | 2010                                                                                                                                                                                                                                                                             | 2009    |
| CASH FLOWS FROM OPERATING ACTIVITIES:                                                                 |                                                                                                                                                                                                                                                                                            |   |
| Net Income                                                                                            | $9,470                                                                                                                                                                                                                                                                                     | $2,850  |
| Adjustments to reconcile net income to net cash provided by  operating activities:          |                                                                                                                                                                                                                                                                                            |   |
| Net gain on sale of loans originated for sale                                                         | (42)                                                                                                                                                                                                                                                                                            | (1) |
| Net gain on sale of investment securities available-for-sale                                          | (327)                                                                                                                                                                                                                                                                                           | (431) |
| Net gain recognized on the transfer of securities from available-for-sale into trading                | (242)                                                                                                                                                                                                                                                                                           | -   |
| Net depreciation and amortization                                                                     | 649                                                                                                                                                                                                                                                                                        | 670  |
| ESOP compensation expense                                                                             | 223                                                                                                                                                                                                                                                                                        | 200  |
| Stock plan compensation (excluding ESOP)                                                              | 491                                                                                                                                                                                                                                                                                        | 540  |
| Provision for loan losses                                                                             | 3,447                                                                                                                                                                                                                                                                                      | 2,640  |
| Provision for losses on OREO                                                                          | 200                                                                                                                                                                                                                                                                                        | -   |
| Provision to increase the liability for loans sold with recourse                                      | -                                                                                                                                                                                                                                                                                     | 1,424  |
| Recovery of write down of mortgage servicing asset                                                    | -                                                                                                                                                                                                                                                                                     | (60) |
| OTTI charge for investment securities recognized in earnings                                          | 166                                                                                                                                                                                                                                                                                        | 5,040  |
| Increase in cash surrender value of Bank Owned Life Insurance                                         | (504)                                                                                                                                                                                                                                                                                           | (493) |
| Deferred income tax credit                                                                            | (1,538)                                                                                                                                                                                                                                                                                         | (2,804) |
| Excess tax cost (benefit) of stock plans                                                              | 5                                                                                                                                                                                                                                                                                          | 11  |
| Changes in assets and liabilities:                                                                    |                                                                                                                                                                                                                                                                                            |   |
| Origination of loans held for sale                                                                    | (1,102)                                                                                                                                                                                                                                                                                         | (8,106) |
| Proceeds from sale of loans held for sale                                                             | 1,560                                                                                                                                                                                                                                                                                      | 7,730  |
| Decrease (Increase) in other assets                                                                   | (5,849)                                                                                                                                                                                                                                                                                         | 291  |
| (Decrease) Increase in other liabilities                                                              | 7,026                                                                                                                                                                                                                                                                                      | (737) |
| Net cash provided by operating activities                                                             | 13,633                                                                                                                                                                                                                                                                                     | 8,764  |
| CASH FLOWS FROM INVESTING ACTIVITIES:                                                                 |                                                                                                                                                                                                                                                                                            |   |
| Net (increase) decrease in federal funds sold and other short term investments                        | (2,062)                                                                                                                                                                                                                                                                                         | (20,230) |
| Proceeds from principal repayments of investment securities held-to-maturity                          | 32                                                                                                                                                                                                                                                                                         | 49  |
| Proceeds from maturities of investment securities available-for-sale                                  | -                                                                                                                                                                                                                                                                                     | -   |
| Proceeds from calls and principal repayments of investment securities available-for-sale              | -                                                                                                                                                                                                                                                                                | -    |
| Proceeds from sales of investment securities available-for-sale                                       | 1,095                                                                                                                                                                                                                                                                                      | 10,359  |
| Purchases of investment securities available-for-sale                                                 | (12,000)                                                                                                                                                                                                                                                                                        | -   |
| Principal collected on mortgage backed securities available-for-sale                                  | 24,056                                                                                                                                                                                                                                                                                     | 17,946  |
| Purchases of mortgage backed securities available-for-sale                                            | -                                                                                                                                                                                                                                                                                     | -   |
| Net increase in loans                                                                                 | (93,120)                                                                                                                                                                                                                                                                                        | (8,210) |
| Proceeds from the sale of OREO                                                                        | 168                                                                                                                                                                                                                                                                                        |   |
| Purchases of fixed assets, net                                                                        | (590)                                                                                                                                                                                                                                                                                           | (241) |
| Redemption (Purchase) of FHLBNY capital stock                                                         | (900)                                                                                                                                                                                                                                                                                           | 2,700  |
| Net cash provided by (used in) investing activities                                                   | (83,321)                                                                                                                                                                                                                                                                                        | 2,373  |
| CASH FLOWS FROM FINANCING ACTIVITIES:                                                                 |                                                                                                                                                                                                                                                                                            |   |
| Net increase in due to depositors                                                                     | 95,774                                                                                                                                                                                                                                                                                     | 75,473  |
| Net (decrease) increase in escrow and other deposits                                                  | 33,292                                                                                                                                                                                                                                                                                     | (33,698) |
| Increase in securities sold under agreements to repurchase                                            | (35,000)                                                                                                                                                                                                                                                                                        | -   |
| (Decrease) Increase in FHLBNY advances                                                                | 55,000                                                                                                                                                                                                                                                                                     | (60,000) |
| Cash dividends paid                                                                                   | (4,642)                                                                                                                                                                                                                                                                                         | (4,603) |
| Exercise of stock options                                                                             | -                                                                                                                                                                                                                                                                                     | -   |
| Excess tax (cost) benefit of stock plans                                                              | (5)                                                                                                                                                                                                                                                                                             | (11) |
| Purchase of treasury stock                                                                            | -                                                                                                                                                                                                                                                                                     | -   |
| Net cash (used in) provided by financing activities                                                   | 144,419                                                                                                                                                                                                                                                                                    | (22,839) |
| (DECREASE) INCREASE IN CASH AND DUE FROM BANKS                                                        | 74,731                                                                                                                                                                                                                                                                                     | (11,702) |
| CASH AND DUE FROM BANKS, BEGINNING OF PERIOD                                                          | 39,338                                                                                                                                                                                                                                                                                     | 211,020  |
| CASH AND DUE FROM BANKS, END OF PERIOD                                                                | $114,069                                                                                                                                                                                                                                                                                   | $199,318  |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:                                                     |                                                                                                                                                                                                                                                                                            |   |
| Cash paid for income taxes                                                                            | $2,284                                                                                                                                                                                                                                                                                     | $691  |
| Cash paid for interest                                                                                | 20,247                                                                                                                                                                                                                                                                                     | 28,224  |
| Loans transferred to OREO                                                                             | 320                                                                                                                                                                                                                                                                                        | -   |
| Amortization of unrealized loss on securities transferred from available-for-sale to held-to-maturity | 27                                                                                                                                                                                                                                                                                         | 53  |
| Reversal of unrealized loss on securities transferred from available-for-sale to held-to-maturity     | -                                                                                                                                                                                                                                                                                     | 1,572  |
| Net (decrease) increase in non-credit component of OTTI                                               | (230)                                                                                                                                                                                                                                                                                           | 3,351  |
| Adjustments to other comprehensive income from defined benefit plans, net of tax                      | $(30)                                                                                                                                                                                                                                                                                           | -   |

----

----

|                                                                                                    |                        Three Months Ended March 31,           |
|---------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                    | 2010                                                                                                                                                                                                           |   | 2009    |
|                                                                                                    | (Dollars in Thousands)                                                                                                                                                                                                   |
| Numerator:                                                                                              |                                                                                                                                                                                                                     |   |   |
| Net Income per the Condensed Consolidated Statements of Operations                                      | $9,470                                                                                                                                                                                                              |   | $2,850  |
| Denominator:                                                                                            |                                                                                                                                                                                                                     |   |   |
| Weighted-average number of shares outstanding utilized in the calculation of basic EPS                  | 33,169,263                                                                                                                                                                                                          |   | 32,883,077  |
|                                                                                                    |                                                                                                                                                                                                                     |   |   |
| Common stock equivalents resulting from the dilutive effect of "in-the-money" outstanding stock options | 92,332                                                                                                                                                                                                              |   | 5,242  |
| Anti-dilutive effect of tax benefits associated with "in-the-money" outstanding stock options           |  (12,513)                                                                                                                                                                                                           |   |  -   |
| Weighted average number of shares outstanding utilized in the calculation of diluted EPS                | 33,249,082                                                                                                                                                                                                          |   | 32,888,319  |

----

|                                                                                                 | At or for the Three Months Ended March 31,                                                                                                                     |
|------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                 | 2010                                                                                                                                                                          | 2009     |
|                                                                                                 |                        (Dollars in Thousands Except Option Price Amounts) |
| Options outstanding – beginning of period                                                      | 3,266,920                                                                                                                                                                          | 3,116,564  |
| Options granted                                                                                      | -                                                                                                                                                                        | -    |
| Weighted average exercise price of grants                                                            | -                                                                                                                                                                        | -    |
| Options exercised                                                                                    | -                                                                                                                                                                        | -    |
| Weighted average exercise price of exercised options                                                 | -                                                                                                                                                                        | -    |
| Options forfeited                                                                                    | 8,149                                                                                                                                                                              | -    |
| Weighted average exercise price of forfeited options                                                 | $14.91                                                                                                                                                                             | -    |
| Options outstanding – end of period                                                            | 3,258,771                                                                                                                                                                          | 3,116,564  |
| Weighted average exercise price of outstanding options at the end of period                          | $14.56                                                                                                                                                                             | $14.97  |
| Remaining options available for grant                                                                | 774,158                                                                                                                                                                            | 1,133,027  |
| Exercisable options at end of period                                                                 | 2,539,516                                                                                                                                                                          | 2,261,198  |
| Weighted average exercise price of exercisable options at the end of period                          | $15.16                                                                                                                                                                             | $15.18  |
| Cash received for option exercise cost                                                               | -                                                                                                                                                                        | -    |
| Income tax benefit (cost) recognized                                                                 | -                                                                                                                                                                        | -    |
| Compensation expense recognized                                                                      | 237                                                                                                                                                                                | 310  |
| Remaining unrecognized compensation expense                                                          | 1,108                                                                                                                                                                              | 2,419  |
| Weighted average remaining years for which compensation   expense is to be recognized | 1.6                                                                                                                                                                                | 2.4  |

|                           | Outstanding Options as of March 31, 2010 |                                                   |
|--------------------------------|------------------------------------------|--------------------------------------------------------|
|  Range of Exercise Prices | Amount                         | Weighted AverageExercise Price     | Weighted Average Contractual Years Remaining | Vested Options as ofMarch 31, 2010   |
| $8.00 - $8.50                  | 205,633                        | $ 8.34                                       | 9.1 | -     |
| $10.50 - $11.00                | 378,101                        | 10.91                                        | 1.6 | 378,101   |
| $13.00-$13.50                  | 526,566                        | 13.16                                        | 2.8 | 526,566   |
| $13.51-$14.00                  | 938,875                        | 13.74                                        | 7.1 | 496,875   |
| $14.50-$15.00                  | 34,425                         | 14.92                                        | 7.9 | 8,606   |
| $15.01-$15.50                  | 318,492                        | 15.10                                        | 5.2 | 318,492   |
| $16.00-$16.50                  | 76,320                         | 16.45                                        | 4.8 | 76,320   |
| $16.51-$17.00                  | 61,066                         | 16.73                                        | 8.3 | 15,263   |
| $18.00-$18.50                  | 80,000                         | 18.18                                        | 8.2 | 80,000   |
| $19.50-$20.00                  | 639,293                        | 19.90                                        | 3.8 | 639,293   |
|    Total        | 3,258,771                      | $14.56                                       | 5.1 | 2,539,516   |

----

|                                                  |   At or for the Three Months Ended March 31,                                                                                                       |
|-------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                  | 2010                                                                                                                                                         | 2009   |
|                                                  | (Dollars in Thousands)                         |
| Unvested allocated shares – beginning of period | 295,066                                                                                                                                                                | 141,710 |
| Shares granted                                        | -                                                                                                                                                                 | -  |
| Shares vested                                         | 9,067                                                                                                                                                                  | 6,000 |
| Shares forfeited                                      | 10,176                                                                                                                                                                 | -  |
| Unvested allocated shares – end of period       | 275,823                                                                                                                                                                | 135,710 |
| Unallocated shares - end of period                    | -                                                                                                                                                            | -   |
| Compensation recorded to expense                      | $255                                                                                                                                                                   | $231 |

|                                       |   Three Months Ended March 31,                                   |
|--------------------------------------------|------------------------------------------------------------------------------------------------|
|                                       | 2010                                                                                 | 2009    |
|                                       | (Dollars in Thousands)             |
| Balance at beginning of period             | $21,505                                                                                   | $17,454  |
| Provision for loan losses                  | 3,447                                                                                     | 2,640  |
| Charge-offs                                | (769)                                                                                          | (1,876) |
| Recoveries                                 | -                                                                                    | -   |
| Transfer from reserves on loan commitments | 437                                                                                       | 133  |
| Balance at end of period                   | $24,620                                                                                   | $18,351  |

----

|                                                                     | At or for the Three Months Ended March 31,                                                                                                                                                                                                                                                                                                                               |
|--------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                     | 2010                                                                                                                                                                                                                                                                                                                                                                     | 2009   |
|                                                                     |                                                           (Dollars in Thousands) |
| Outstanding balance of multifamily loans serviced for FNMA at period end | $428,044                                                                                                                                                                                                                                                                                                                                                                      | $507,476  |
| Total First Loss Position  at end of period                    | 18,697                                                                                                                                                                                                                                                                                                                                                                        | 21,865  |
| Reserve Liability on the First Loss Position                             |                                                                                                                                                                                                                                                                                                                                                                               |   |
| Balance at beginning of period                                           | $4,373                                                                                                                                                                                                                                                                                                                                                                        | $5,573  |
| Transfer of specific reserve for serviced loans re-acquired by the Bank  | -                                                                                                                                                                                                                                                                                                                                                                        | (3,025) |
| Provision for losses on problem loans(1)                                 | -                                                                                                                                                                                                                                                                                                                                                                        | 1,424  |
| Charge-offs and other net reductions in balance                          | (152)                                                                                                                                                                                                                                                                                                                                                                              | (9) |
| Balance at period end                                                    | $4,221                                                                                                                                                                                                                                                                                                                                                                        | $3,963  |

|                                                                                    |                                                                                            |                                                                                                                  | Unrealized Gains or Losses Recognized in Accumulated Other Comprehensive Loss |                              |                                                   |             |
|-----------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------|-----------------------------------|--------------------------------------------------------|------------------|
|                                                                                    | Purchase      Amortized /    Historical Cost  | Recorded        Amortized/       Historical Cost (1) | Non-CreditOTTI                                            | UnrealizedGains    | Unrealized     Losses    | Book Value  | Other Unrealized Losses        | Fair Value |
|                                                                                    |                                                                                            |                                                                                                                  | (Dollars in Thousands)                                                        |                              |                                                   |             |
| Held-to-Maturity:                                                                       |                                                                                            |                                                                                                                  |                                                                          |                              |                                                   |             |   |   |
| Pooled bank trust preferred securities                                                  | $19,511                                                                                         | $13,573                                                                                                               | $(4,194)                                                                      | -                       | $(2,073)(2)                                            | $7,306           | $(1,200) | $6,106 |
| Available-for-sale:                                                                     |                                                                                            |                                                                                                                  |                                                                          |                              |                                                   |             |   |   |
| Mutual fund investments                                                                 | 5,243                                                                                           | 3,201                                                                                                                 | -                                                                   | 1,031                             | -                                            | 4,232            | -   | 4,232 |
| Agency notes                                                                            | 48,898                                                                                          | 48,898                                                                                                                | -                                                                   | 74                                | (11)                                         | 48,961           | -   | 48,961 |
| Pass-through MBS issued by GSEs                                                         | 136,002                                                                                         | 136,002                                                                                                               | -                                                                   | 6,248                             | -                                            | 142,250          |   | 142,250 |
| Collateralized mortgage obligations   ("CMOs")  issued by GSEs | 51,072                                                                                          | 51,072                                                                                                                | -                                                                   | 1,694                             | -                                            | 52,766           | -   | 52,766 |
| Private issuer pass through MBS                                                         | 2,931                                                                                           | 2,931                                                                                                                 | -                                                                   | -                       | (198)                                                  | 2,733            | -   | 2,733 |
| Private issuer CMOs                                                                     | 2,883                                                                                           | 2,883                                                                                                                 | -                                                                   | -                       | (22)                                                   | 2,861            | -   | 2,861 |
| Total                                                                                   | $266,540                                                                                        | $258,560                                                                                                              | $(4,194)                                                                      | $9,047                            | $(2,304)                                               | $261,109         | $(1,200) | $259,909 |

|                                   | Amortized Cost                                                                                                                                                                                                                                                                                                                                                          | EstimatedFair Value |
|----------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------|
|                                   |                                                          (Dollars in Thousands) |
| Due after one year through five years  | $47,998                                                                                                                                                                                                                                                                                                                                                                      | $48,056             |
| Due after five years through ten years | 900                                                                                                                                                                                                                                                                                                                                                                          | 905                 |
|                                   | $48,898                                                                                                                                                                                                                                                                                                                                                                      | $48,961             |

----

|                                                   | At or for the Three Months Ended March 31, 2010 |                                                               | At or for the Three Months Ended March 31, 2009 |
|--------------------------------------------------------|-------------------------------------------------|--------------------------------------------------------------------|-------------------------------------------------|
|                                                   | Credit Related OTTI Recognized in Earnings      | Non-Credit OTTI Recognized in Accumulated Other Comprehensive Loss | Total OTTI                                      |   | Credit Related OTTI Recognized in Earnings | Non-Credit OTTI Recognized in Accumulated Other Comprehensive Loss | Total OTTI |
|                                                   | (Dollars in Thousands)                          |
| Cumulative balance at the beginning of the period      | $5,772                                     | $4,425                                                        | $10,197                                    |   | $3,209  | $-   | $3,209 |
| Cumulative effect adjustment of adopting ASC 320-10-65 | -                                | -                                                   | -                                     |   | (2,287) | 2,287 | -   |
| OTTI recognized during the period                      | 166                                        | 50                                                            | 216                                        |   | 1,977  | 1,064 | 3,041 |
| Reductions and transfers to credit-related OTTI        | -                                     | (254)                                                              | (254)                                           |   | -    | -    | -   |
| Amortization of previously recognized OTTI             | -                                     | (26)                                                               | (26)                                            |   | -    | -    | -   |
| Cumulative balance at end of the period                | $5,938                                     | $4,195                                                        | $10,133                                    |   | $2,899  | $3,351 | $6,250 |

----

|                                                                     | At or for the Three Months Ended March 31, 2010 |                                                               | At or for the Three Months Ended March 31, 2009 |
|--------------------------------------------------------------------------|-------------------------------------------------|--------------------------------------------------------------------|-------------------------------------------------|
|                                                                     | Credit Related OTTI Recognized in Earnings      | Non-Credit OTTI Recognized in Accumulated Other Comprehensive Loss | Total OTTI Charge                               |   | Credit Related OTTI Recognized in Earnings | Non-Credit OTTI Recognized in Accumulated Other Comprehensive Loss | Total OTTI Charge |
| Cumulative balance at the beginning of the period                        | $3,063                                     | $-                                                  | $3,063                                     |   | $-   | $-    | $-   |
| OTTI recognized during the period                                        | -                                     | -                                                   | -                                     |   | 3,063  | -   | 3,063  |
| Recovery of OTTI for securities sold during the period                   | (685)                                           | -                                                   | (685)                                           |   | -   | -   | -   |
| Recovery of OTTI for securities transferred to trading during the period | (336)                                           | -                                                   | (336)                                           |   |   |   |   |
| Cumulative balance at end of the period                                  | $2,042                                     | $-                                                  | $2,042                                     |   | $3,063  | $-   | $3,063  |

|                                       | Total            | 12 or More Consecutive Monthsof Unrealized Losses | Less than 12 Consecutive Monthsof Unrealized Losses |
|--------------------------------------------|------------------|---------------------------------------------------|-----------------------------------------------------|
|                                       |  Fair Value | Unrealized Losses                            |  Fair Value                               | Unrealized Losses  |  Fair Value  | Unrealized Losses  |
|                                       |             |                                              | (Dollars in thousands)                              |   |   |
| Held-to-Maturity Securities:               |             |                                              |                                                |   |   |   |
| Pooled bank trust preferred securities (a) | $6,106           | $7,467                                            | $6,106                                              | $7,467 | $-   | $-   |
| Available-for-Sale Securities:             |             |                                              |                                                |   | -   | -   |
| Agency notes                               | 11,987           | 11                                                | -                                         | -   | 11,987 | 11 |
| Private issuer pass through MBS            | 2,733            | 198                                               | 2,963                                               | 198 |   |   |
| Private issuer CMOs                        | 2,861            | 22                                                | 2,861                                               | 22 | -   | -   |
| Total                                      | $23,687          | $7,698                                            | $11,930                                             | $7,687 | $11,987 | $11 |

----

| Assets Measured at Fair Value on a Recurring Basis at March 31, 2010 |
|----------------------------------------------------------------------|
|                                                                 |   |   |   | Fair Value Measurements Using |   |   |
| Description                                                          |   | Total at March 31, 2010 |   | Level 1  |   | Level 2   | Level 3  |   | Losses for the Three Months Ended March 31, 2010    |
|                                                                 |   | (Dollars in Thousands) |
| Trading securities                                                   |   | $1,390 |   | $1,390 |   | $-   | $-  |   | $-(1) |
| Investment securities available-for-sale                             |   | 53,193 |   | 4,232 |   | 48,961 | -  |   | -   |
| MBS available-for-sale                                               |   | 200,610 |   | -  |   | 200,610 | -  |   | -   |

----

| Assets Measured at Fair Value on a Recurring Basis at March 31, 2009 |
|----------------------------------------------------------------------|
|                                                                 |   |   |   | Fair Value Measurements Using |   |   |
| Description                                                          |   | Total at March 31, 2009  |   | Level 1  |   | Level 2   | Level 3   |   | Losses for the Three Months Ended March 31, 2009    |
|                                                                 |   | (Dollars in Thousands) |
| Investment securities available-for-sale                             |   | $5,966 |   | $4,944 |   | $1,022 | $-  |   | $3,063 |
| MBS available-for-sale                                               |   | 287,335 |   | -  |   | 287,335 | -  |   | -   |

| Investment Category                                         |   | Percentage of Total    |   |         Valuation Level Under ASC 820-10 |
|-------------------------------------------------------------|--------|---------------------------------------|--------|-----------------------------------------------------------------------------|
| Pass Through MBS or CMOs issued by GSEs                     |   | 76.8%                                 |   | Two                                                                         |
| Agency notes                                                |   | 19.3                   |   | Two                                                                         |
| Pass Through MBS or CMOs issued by entities other than GSEs |   | 2.2                    |   | Two                                                                         |
| Mutual fund investments                                     |   | 1.7                    |   | One                                                                         |

----

| Assets Measured at Fair Value on a Non-Recurring Basis at March 31, 2010 |
|--------------------------------------------------------------------------|
|                                                                     |   |   |   | Fair Value Measurements Using |   |   |
| Description                                                              |   | Total at March 31, 2010   |   | Level 1    |   | Level 2  | Level 3   |   | Losses for the Three Months Ended March 31, 2010      |
|                                                                     |   | (Dollars in Thousands) |
| Pooled trust preferred securities(1)                                     |   | $847 |   | $-   |   | $-   | $847 |   | $211(2) |
| Impaired loans                                                           |   | 43,176 |   | -   |   | -   | 43,176 |   | 769(3) |
| OREO                                                                     |   | 707 |   |   |   |   | 707 |   | 200 |

| (2)   | Amount represents the total OTTI (credit or non-credit related) recognized on trust preferred securities during the three months ended March 31, 2010. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3)   | Amount represents total charge-offs on impaired loans during the three months ended March 31, 2010. |
|-----------------|-----------------------------------------------------------------------------------------------------|

| Assets Measured at Fair Value on a Non-Recurring Basis at March 31, 2009 |
|--------------------------------------------------------------------------|
|                                                                     |   |   |   | Fair Value Measurements Using |   |   |
| Description                                                              |   | Total at March 31, 2009  |   | Level 1    |   | Level 2   | Level 3  |   | Losses for the Three Months Ended March 31, 2009     |
|                                                                     |   | (Dollars in Thousands) |
| Pooled trust preferred securities(1)                                     |   | $2,095 |   | $-   |   | $-   | $2,095 |   | $3,039(2) |
| Impaired loans                                                           |   | 3,965 |   | -   |   | -   | 3,965 |   | 495(3) |
| Loans held for sale                                                      |   | 377 |   | -   |   | 377 | -   |   | 7     |

| (1)   | Amount represents the fair value of three held-to-maturity trust preferred securities that were deemed other-than temporarily impaired at |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | Amount represents the total OTTI (credit or non-credit related) recognized during the three months ended March 31, 2009. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------|

| (3)   | Amount represents charge-offs recognized on these loans during the period. |
|-----------------|----------------------------------------------------------------------------|

----

----

| At March 31, 2010                                                          | Carrying Amount   | Fair Value    |
|----------------------------------------------------------------------------|-----------------------------|------------------------------|
|                                                                       | (Dollars in Thousands)      |
| Assets:                                                                    |                        |                         |
| Cash and due from banks                                                    | $114,069                    | $114,069                     |
| Investment securities held to maturity (pooled trust preferred securities) | 7,306                       | 6,106                        |
| Available-for-sale securities:                                             | 53,193                      | 53,193                       |
|    Mutual fund investments                                  | 4,232                       | 4,232                        |
|    Agency notes                                             | 48,961                      | 48,961                       |
|    Pass-through MBS issued by GSEs                          | 142,250                     | 142,250                      |
|   CMOs  issued by GSEs                                 | 52,766                      | 52,766                       |
|    Private issuer pass-through MBS                          | 2,733                       | 2,733                        |
|    Private issuer CMOs                                      | 2,861                       | 2,861                        |
| Trading securities                                                         | 1,390                       | 1,390                        |
| Loans, net                                                                 | 3,463,107                   | 3,575,352                    |
| Mortgage Servicing Rights ("MSR")                                          | 2,560                       | 2,916                        |
| FHLBNY capital stock                                                       | 54,983                      | N/A                          |
| Liabilities:                                                               |                        |                         |
| Savings, money market and checking accounts                                | 1,253,482                   | 1,253,482                    |
| CDs                                                                        | 1,059,128                   | 1,068,905                    |
| Escrow and other deposits                                                  | 99,187                      | 99,187                       |
| Securities sold under agreements to repurchase                             | 195,000                     | 212,372                      |
| FHLBNY advances                                                            | 1,064,675                   | 1,104,561                    |
| Subordinated notes payable1                                                | 25,000                      | 25,000                       |
| Trust Preferred securities payable1                                        | 70,680                      | 56,544                       |
| Commitments to extend credit                                               | 544                         | 544                          |

|                                |                                    Three Months Ended March31, 2010 |                            |                                    Three Months Ended March31, 2009 |
|-------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                | BMP, Employee and     Outside Director        Retirement Plans                                                                                                | Postretirement Plan             |                                                                                                                                                                                                                                          | BMP, Employee and Outside DirectorRetirement Plans | Postretirement Plan |
|                                | (Dollars in thousands)                                                                                                                                                                                                                        |
| Service cost                        | $-                                                                                                                                                                                                                   | $29         |                                                                                                                                                                                                                                          | $-      | $29     |
| Interest cost                       | 336                                                                                                                                                                                                                       | 79          |                                                                                                                                                                                                                                          | 340     | 76     |
| Expected return on assets           | (325)                                                                                                                                                                                                                          | -      |                                                                                                                                                                                                                                          | (297)    | -      |
| Unrecognized past service liability | -                                                                                                                                                                                                                    | 14          |                                                                                                                                                                                                                                          | -      | 14     |
| Amortization of unrealized loss     | 232                                                                                                                                                                                                                       | -      |                                                                                                                                                                                                                                          | 291     | -      |
| Net periodic (credit) cost          | $243                                                                                                                                                                                                                      | $122        |                                                                                                                                                                                                                                          | $334     | $119     |

----

|                                                           | Three Months Ended March 31,                      |
|----------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                           | 2010                                                                                                                                             | 2009   |
|                                                           | (Dollars in Thousands)                                                                                                                                     |
| Gain on the sale of loans originated for sale                  | $42                                                                                                                                                        | $1  |
| Provision to increase the reserve for loans sold with recourse | -                                                                                                                                                     | (1,424) |
| Recovery of write down of mortgage servicing asset             | -                                                                                                                                                     | 60  |
| Mortgage banking fees                                          | 169                                                                                                                                                        | 194  |
| Net mortgage banking (loss) income                             | $211                                                                                                                                                       | $(1,169) |

----

----

|                                                                    | For the Three Months Ended March 31,     |
|-------------------------------------------------------------------------|--------------------------------------------------------------|
|                                                                    | 2010                           |   | 2009     |
| Performance and Other Selected Ratios:                                  |                                                         |   |   |
| Return on Average Assets                                                | 0.94%                                                        |   | 0.28% |
| Return on Average Stockholders' Equity                                  | 12.59                                         |   | 4.08    |
| Stockholders' Equity to Total Assets                                    | 7.50                                          |   | 6.92    |
| Tangible Equity to Total Tangible Assets (1)                            | 6.35                                          |   | 5.83    |
| Loans to Deposits at End of Period                                      | 150.81                                        |   | 141.23    |
| Loans to Earning Assets at End of Period                                | 91.52                                         |   | 89.82    |
| Net Interest Spread                                                     | 3.23                                          |   | 2.21    |
| Net Interest Margin                                                     | 3.46                                          |   | 2.51    |
| Average Interest Earning Assets to Average Interest Bearing Liabilities | 108.79                                        |   | 108.65    |
| Non-Interest Expense to Average Assets                                  | 1.56                                          |   | 1.35    |
| Efficiency Ratio                                                        | 45.00                                         |   | 55.09    |
| Effective Tax Rate                                                      | 41.31                                         |   | 25.90    |
| Dividend Payout Ratio                                                   | 50.00                                         |   | 155.56    |
| Average Tangible Equity                                                 | $249,781                                      |   | $233,200    |
| Per Share Data:                                                         |                                                         |   |   |
| Reported EPS (Diluted)                                                  | $0.28                                         |   | $0.09    |
| Cash Dividends Paid Per Share                                           | 0.14                                          |   | 0.14    |
| Stated Book Value                                                       | 8.97                                          |   | 8.18    |
| Tangible Book Value                                                     | 7.49                                          |   | 6.80    |
| Asset Quality Summary:                                                  |                                                         |   |   |
| Net Charge-offs                                                         | $769                                          |   | $1,876    |
| Non-performing Loans                                                    | 29,520                                        |   | 13,123    |
| Non-performing Loans/Total Loans                                        | 0.85%                                                        |   | 0.40% |
| Non-performing Assets                                                   | $30,936                                       |   | $13,423    |
| Non-performing Assets/Total Assets                                      | 0.75%                                                        |   | 0.33% |
| Allowance for Loan Loss/Total Loans                                     | 0.71                                          |   | 0.56    |
| Allowance for Loan Loss/Non-performing Loans                            | 83.40                                         |   | 139.84    |
| Regulatory Capital Ratios (Bank Only):                                  |                                                         |   |   |
| Tangible Capital                                                        | 7.77%                                                        |   | 7.85% |
| Leverage Capital                                                        | 7.77                                          |   | 7.85    |
| Tier 1 Risk-based Capital                                               | 10.90                                         |   | 11.14    |
| Total Risk-based Capital                                                | 11.79                                         |   | 11.83    |
| Earnings to Fixed Charges Ratios (2)                                    |                                                         |   |   |
| Including Interest on Deposits                                          | 1.75x                                                        |   | 1.13x |
| Excluding Interest on Deposits                                          | 2.15                                               |   | 1.26   |

----

----

----

----

----

|                                          | Less than One Year     | One Year to Three Years | Over Three Years to Five Years     | Over Five Years  |   | Total   |
|-----------------------------------------------|------------------------|-------------------------|--------------------------------------------------------|-----------------------|--------|-------------------|
|                                          | (Dollars in thousands) |
| Credit Commitments:                           |                   |                    |                                                   |                  |   |              |
| Available lines of credit                     | $42,949                | $-                 | $-                                                | $-                    |   | $42,949           |
| Other loan commitments (1)                    | 31,508                 | -                  | -                                                 | -                     |   | 31,508            |
| Other Commitments:                            |                   |                    |                                                   |                  |   |              |
| First Loss Position on loans sold to FNMA (1) | 18,697                 | -                  | -                                                 | -                     |   | 18,697            |
| Total Commitments                             | $93,154                | $-                 | $-                                                | $-                    |   | $93,154           |

----

----

|                                                          | At March 31, 2010                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | At December 31, 2009   |
|---------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------|
|                                                          |                                                                                          (Dollars in Thousands) |
| Non-accrual loans                                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                             |
|    One- to four-family                         | $634                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | $371                             |
|    Multifamily residential                     | 22,101                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 5,885                            |
|    Commercial real estate                      | 4,694                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | 3,070                            |
|    Mixed Use                                   | 1,998                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | 1,935                            |
|    Cooperative apartment                       | 71                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | 26                               |
|    Other                                       | 22                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | 7                                |
| Total non-accrual loans                                       | $29,520                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | $11,294                          |
| OREO                                                          | 707                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 688                              |
| Non-performing investment securities                          | 709                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 755                              |
| Total non-performing assets                                   | $30,936                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | $12,737                          |
| Ratios:                                                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                             |
|    Total non-accrual loans to total loans      | 0.85%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | 0.33%                            |
|    Total non-performing assets to total assets | 0.75                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 0.32              |

----

----

|                                                             | Three Months Ended March 31, |
|------------------------------------------------------------------|------------------------------|
|                                                             |                         | 2010 |   |   | 2009 |   |   |
|                                                             |                         |   | Average |   |   | Average |   |
|                                                             | Average                      |   | Yield/ | Average |   | Yield/ |   |
|                                                             | Balance                      | Interest | Cost | Balance | Interest | Cost |   |
| Assets:                                                          | (Dollars In Thousands)       |   |
| Interest-earning assets:                                         |                         |   |   |   |   |   |   |
| Real estate loans                                                | $3,446,103                   | $50,122 | 5.82% | $3,309,307 | $48,329 | 5.84% |   |
| Other loans                                                      | 1,426                        | 39 | 10.94    | 1,699 | 37 | 8.71    |   |
| MBS                                                              | 206,466                      | 2,271 | 4.40    | 292,865 | 3,280 | 4.48    |   |
| Investment securities                                            | 57,159                       | 407 | 2.85    | 22,806 | 245 | 4.30    |   |
| Federal funds sold and other short-term investments              | 78,860                       | 742 | 3.76    | 227,015 | 503 | 0.89    |   |
| Total interest-earning assets                                    | 3,790,014                    | $53,581 | 5.65% | 3,853,692 | $52,394 | 5.44% |   |
| Non-interest earning assets                                      | 225,414                      |   |   | 186,070 |   |   |   |
| Total assets                                                     | $4,015,428                   |   |   | $4,039,762 |   |   |   |
|                                                             |                         |   |   |   |   |   |   |
| Liabilities and Stockholders' Equity:                            |                         |   |   |   |   |   |   |
| Interest-bearing liabilities:                                    |                         |   |   |   |   |   |   |
| Interest bearing checking accounts                               | $104,117                     | $182 | 0.71% | $109,621 | $407 | 1.51% |   |
| Money Market accounts                                            | 716,696                      | 1,710 | 0.97    | 712,311 | 3,596 | 2.05    |   |
| Savings accounts                                                 | 302,151                      | 200 | 0.27    | 272,893 | 353 | 0.52    |   |
| CDs                                                              | 1,015,951                    | 5,501 | 2.20    | 1,130,672 | 9,856 | 3.54    |   |
| Borrowed Funds                                                   | 1,344,911                    | 13,222 | 3.99    | 1,321,340 | 14,042 | 4.31    |   |
| Total interest-bearing liabilities                               | 3,483,826                    | $20,815 | 2.42% | 3,546,837 | $28,254 | 3.23% |   |
| Non-interest bearing checking accounts                           | 109,070                      |   |   | 96,116 |   |   |   |
| Other non-interest-bearing liabilities                           | 121,658                      |   |   | 117,737 |   |   |   |
| Total liabilities                                                | 3,714,554                    |   |   | 3,760,690 |   |   |   |
| Stockholders' equity                                             | 300,874                      |   |   | 279,072 |   |   |   |
| Total liabilities and stockholders' equity                       | $4,015,428                   |   |   | $4,039,762 |   |   |   |
| Net interest income                                              |                         | $32,766 |   |   | $24,140 |   |   |
| Net interest spread                                              |                         |   | 3.23% |   |   | 2.21% |   |
| Net interest-earning assets                                      | $306,188                     |   |   | $306,855 |   |   |   |
| Net interest margin                                              |                         |   | 3.46% |   |   | 2.51% |   |
| Ratio of interest-earning assets to interest-bearing liabilities |                         |   | 108.79% |   |   | 108.65% |   |

----

|                                                |                                                                                                                                                                                                                                                                                                                       |
|-----------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                |                                             Three Months Ended March 31, 2010                       |
|                                                |                                         Compared to Three Months Ended March 31, 2009  Increase/(Decrease) Due to: |
|                                                | Volume                                                                                                                                                                                                                                                                                                           | Rate   | Total    |
|                                                |                                              (Dollars In thousands)                            |
| Interest-earning assets:                            |                                                                                                                                                                                                                                                                                                                       |   |   |
| Real Estate Loans                                   | $1,978                                                                                                                                                                                                                                                                                                                | ($185) | $1,793  |
| Other loans                                         | (8)                                                                                                                                                                                                                                                                                                                        | 10  | 2  |
| MBS                                                 | (959)                                                                                                                                                                                                                                                                                                                      | (50) | (1,009) |
| Investment securities                               | 307                                                                                                                                                                                                                                                                                                                        | (145) | 162  |
| Federal funds sold and other short-term investments | (859)                                                                                                                                                                                                                                                                                                                      | 1,098 | 239  |
| Total                                               | $459                                                                                                                                                                                                                                                                                                                  | $728  | $1,187  |
|                                                |                                                                                                                                                                                                                                                                                                                       |   |   |
| Interest-bearing liabilities:                       |                                                                                                                                                                                                                                                                                                                       |   |   |
|  Interest bearing checking accounts            | ($13)                                                                                                                                                                                                                                                                                                                      | ($212) | ($225) |
| Money market accounts                               | $27                                                                                                                                                                                                                                                                                                                        | ($1,913) | ($1,886) |
| Savings accounts                                    | 28                                                                                                                                                                                                                                                                                                                    | (181) | (153) |
| CDs                                                 | (794)                                                                                                                                                                                                                                                                                                                      | (3,561) | (4,355) |
| Borrowed funds                                      | 244                                                                                                                                                                                                                                                                                                                   | (1,064) | (820) |
| Total                                               | ($508)                                                                                                                                                                                                                                                                                                                     | ($6,931) | ($7,439) |
| Net change in net interest income                   | $967                                                                                                                                                                                                                                                                                                                  | $7,659  | $8,626  |

----

----

|                | At March 31, 2010      |                                        |                                      |   |
|---------------------|------------------------|---------------------------------------------|-------------------------------------------|--------|
|                | Net Portfolio Value    |                                        |                                      |   |   |            At December 31, 2009 |   |
|                | DollarAmount      | Dollar    Change   | Percentage Change     |   | NPV     Ratio    | Basis Point Change in NPV Ratio |   | NPV DollarAmount     | NPV     Ratio    | Basis Point Change in NPV Ratio       | Board Approved NPV Ratio Limit   |
|                | (Dollars in thousands) |                                        |
| Rate Shock Scenario |                   |                                        |                                      |   |   |   |   |   |   |   |   |
| + 200 Basis Points  | $399,489               | $(27,932)                                   | -6.54%                                    |   | 9.74% | (39) |   | $373,349 | 9.48% | (68) | 5.0% |
| + 100 Basis Points  | 421,164                | (6,257)                                     | -1.46                      |   | 10.11    | (2) |   | 401,595 | 10.03    | (13) | 6.0    |
| Pre-Shock Scenario  | 427,421                | -                                 | -                |   | 10.13    | -   |   | 412,478 | 10.16    | -   | 7.0    |
| - 100 Basis Points  | 418,521                | (8,900)                                     | -2.08                      |   | 9.81    | (32) |   | 403,261 | 9.84    | (32) | 7.0    |
| - 200 Basis Points  | N/A                    | N/A                               | N/A                        |   | N/A    | N/A |   | N/A | N/A    | N/A  | 7.0    |

----

| (c)   | The Holding Company did not repurchase any shares of its common stock into treasury during the three months ended March 31, 2010.  No existing repurchase programs expired during the three months ended March 31, 2010, nor did the Company terminate any repurchase programs prior to expiration during the quarter.  As of March 31, 2010,the Company had an additional 1,124,549 shares remaining eligible for repurchase under its twelfth stock repurchase program, which was publicly announced in June 2007. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3(i)  |   | Amended and Restated Certificate of Incorporation of Dime Community Bancshares, Inc. (1)                                                                                                                                                                                                                                                                                                                                          |
|-------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3(ii) |   | Amended and Restated Bylaws of Dime Community Bancshares, Inc. (16)                                                                                                                                                                                                                                                                                                                                                               |
| 4.1   |   | Amended and Restated Certificate of Incorporation of Dime Community Bancshares, Inc. [See Exhibit 3(i) hereto]                                                                                                                                                                                                                                                                                                                    |
| 4.2   |   | Amended and Restated Bylaws of Dime Community Bancshares, Inc. (16)                                                                                                                                                                                                                                                                                                                                                               |
| 4.3   |   | Draft Stock Certificate of Dime Community Bancshares, Inc.  (2)                                                                                                                                                                                                                                                                                                                                                         |
| 4.4   |   | Certificate of Designations, Preferences and Rights of Series A Junior Participating Preferred Stock (3)                                                                                                                                                                                                                                                                                                                          |
| 4.7   |   | Second Amended and Restated Declaration of Trust, dated as of July 29, 2004, by and among Wilmington Trust Company, as Delaware Trustee, Wilmington Trust Company as Institutional Trustee, Dime Community    Bancshares, Inc., as Sponsor, the Administrators of Dime Community Capital Trust I and the holders from time to time of undivided beneficial interests in the assetsof Dime Community Capital Trust I (8) |
| 4.8   |   | Indenture, dated as of March 19, 2004, between Dime Community Bancshares, Inc. and Wilmington Trust Company, as trustee (8)                                                                                                                                                                                                                                                                                                       |

----

| 4.9     |   | Series B Guarantee Agreement, dated as of July 29, 2004, executed and delivered by Dime Community Bancshares, Inc., as Guarantor and Wilmington Trust Company, as Guarantee Trustee, for the benefit of the holders     from time to time of the Series B Capital Securities of Dime Community Capital Trust I (8) |
|---------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.1    |   | Amended and Restated Employment Agreement between The Dime Savings Bank of Williamsburgh and Vincent F. Palagiano (15)                                                                                                                                                                                                            |
| 10.2    |   | Amended and Restated Employment Agreement between The Dime Savings Bank of Williamsburgh and Michael P. Devine (15)                                                                                                                                                                                                               |
| 10.3    |   | Amended and Restated Employment Agreement between The Dime Savings Bank of Williamsburgh and Kenneth J. Mahon (15)                                                                                                                                                                                                                |
| 10.4    |   | Employment Agreement between Dime Community Bancorp, Inc. and Vincent F. Palagiano (15)                                                                                                                                                                                                                                           |
| 10.5    |   | Employment Agreement between Dime Community Bancorp, Inc. and Michael P. Devine  (15)                                                                                                                                                                                                                                   |
| 10.6    |   | Employment Agreement between Dime Community Bancorp, Inc. and Kenneth J. Mahon (15)                                                                                                                                                                                                                                               |
| 10.7    |   | Form of Employee Retention Agreement by and among The Dime Savings Bank of Williamsburgh, Dime Community Bancorp, Inc. and certain officers (4)                                                                                                                                                                                   |
| 10.7(i) |   | Amendment to Form of Employee Retention Agreement by and among The Dime Savings Bank of Williamsburgh, Dime Community Bancorp, Inc. and certain officers (15)                                                                                                                                                                     |
| 10.8    |   | The Benefit Maintenance Plan of Dime Community Bancorp, Inc.                                                                                                                                                                                                                                                                      |
| 10.9    |   | Severance Pay Plan of The Dime Savings Bank of Williamsburgh (15)                                                                                                                                                                                                                                                                 |
| 10.10   |   | Retirement Plan for Board Members of Dime Community Bancorp, Inc. (15)                                                                                                                                                                                                                                                            |
| 10.11   |   | Dime Community Bancorp, Inc. 1996 Stock Option Plan for Outside Directors, Officers and Employees, as amended by amendments number 1 and 2 (5)                                                                                                                                                                                    |
| 10.12   |   | Recognition and Retention Plan for Outside Directors, Officers and Employees of Dime Community Bancorp, Inc., as amended by amendments number 1 and 2 (5)                                                                                                                                                                         |
| 10.13   |   | Form of stock option agreement for Outside Directors under Dime Community Bancshares, Inc. 1996 and 2001 Stock Option Plans for Outside Directors, Officers and Employees and the 2004 Stock Incentive Plan. (5)                                                                                                                  |
| 10.14   |   | Form of stock option agreement for officers and employees under Dime Community Bancshares, Inc. 1996 and 2001 Stock Option Plans for Outside Directors, Officers and Employees and the 2004 Stock Incentive Plan (5)                                                                                                              |
| 10.15   |   | Form of award notice for outside directors under the Recognition and Retention Plan for Outside Directors, Officers and Employees of Dime Community Bancorp, Inc. (5)                                                                                                                                                             |
| 10.16   |   | Form of award notice for officers and employees under the Recognition and Retention Plan for Outside Directors, Officers and Employees of Dime Community Bancorp, Inc. (5)                                                                                                                                                        |
| 10.17   |   | Financial Federal Savings Bank Incentive Savings Plan in RSI Retirement Trust (6)                                                                                                                                                                                                                                                 |
| 10.18   |   | Financial Federal Savings Bank Employee Stock Ownership Plan (6)                                                                                                                                                                                                                                                                  |
| 10.20   |   | Dime Community Bancshares, Inc. 2001 Stock Option Plan for Outside Directors, Officers and Employees (7)                                                                                                                                                                                                                          |
| 10.21   |   | Dime Community Bancshares, Inc. 2004 Stock Incentive Plan for Outside Directors, Officers and Employees (14)                                                                                                                                                                                                                      |
| 10.22   |   | Waiver executed by Vincent F. Palagiano (11)                                                                                                                                                                                                                                                                                      |
| 10.23   |   | Waiver executed by Michael P. Devine (11)                                                                                                                                                                                                                                                                                         |
| 10.24   |   | Waiver executed by Kenneth J. Mahon (11)                                                                                                                                                                                                                                                                                          |
| 10.25   |   | Form of restricted stock award notice for officers and employees under the 2004 Stock Incentive Plan (10)                                                                                                                                                                                                                         |
| 10.26   |   | Employee Retention Agreement between The Dime Savings Bank of Williamsburgh, Dime Community Bancshares, Inc. and Christopher D. Maher (15)                                                                                                                                                                                        |
| 10.27   |   | Form of restricted stock award notice for outside directors under the 2004 Stock Incentive Plan (10)                                                                                                                                                                                                                              |
| 10.28   |   | Employee Retention Agreement between The Dime Savings Bank of Williamsburgh, Dime Community Bancshares, Inc.  and Daniel Harris (15)                                                                                                                                                                                    |
| 10.29   |   | Dime Community Bancshares, Inc. Annual Incentive Plan (15)                                                                                                                                                                                                                                                                        |
| 10.30   |   | The Dime Savings Bank of Williamsburgh 401(K) Plan (Amended and Restated Effective January 1, 2010)                                                                                                                                                                                                                               |
| 10.31   |   | Employee Stock Ownership Plan of Dime Community Bancshares, Inc. and Certain Affiliates (15)                                                                                                                                                                                                                                      |
| 12.1    |   | Computation of ratios of earnings to fixed charges.                                                                                                                                                                                                                                                                               |
| 31(i).1 |   | Certification of Chief Executive Officer Pursuant to Rule 13a-14(a)/15d-14(a)                                                                                                                                                                                                                                                     |
| 31(i).2 |   | Certification of Chief Financial Officer Pursuant to Rule 13a-14(a)/15d-14(a)                                                                                                                                                                                                                                                     |
| 32.1    |   | Certification of Chief Executive Officer Pursuant to 18 U.S.C. 1350                                                                                                                                                                                                                                                               |
| 32.2    |   | Certification of Chief Financial Officer Pursuant to 18 U.S.C. 1350                                                                                                                                                                                                                                                               |

| (1) | Incorporated by reference to the registrant's Transition Report on Form 10-K for the transition period ended December 31, 2002 filed on March 28, 2003.   |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Incorporated by reference to the registrant's Annual Report on Form 10-K for the fiscal year ended June 30, 1998 filed on September 28, 1998.             |
| (3) | Incorporated by reference to the registrant's Current Report on Form 8-K dated April 9, 1998 and filed on April 16, 1998.                                 |
| (4) | Incorporated by reference to Exhibits to the registrant's Annual Report on Form 10-K for the fiscal year ended June 30, 1997 filed on September 26, 1997. |

----

| (5)  | Incorporated by reference to the registrant's Annual Report on Form 10-K for the fiscal year ended June 30, 1997 filed on September 26, 1997, and the Current Reports on Form 8-K filed on March 22, 2004 and March 29, 2005. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (6)  | Incorporated by reference to the registrant's Annual Report on Form 10-K for the fiscal year ended June 30, 2000 filed on September 28, 2000.                                                                                 |
| (7)  | Incorporated by reference to the registrant's Quarterly Report on Form 10-Q for the quarter ended September 30, 2003 filed on November 14, 2003.                                                                              |
| (8)  | Incorporated by reference to Exhibits to the registrant’s Registration Statement No. 333-117743 on Form S-4 filed on July 29, 2004.                                                                                     |
| (9)  | Incorporated by reference to the registrant's Annual Report on Form 10-K for the fiscal year ended December 31, 2003 filed on March 15, 2004.                                                                                 |
| (10) | Incorporated by reference to the registrant's Current Report on Form 8-K filed on March 22, 2005.                                                                                                                             |
| (11) | Incorporated by reference to the registrant's Quarterly Report on Form 10-Q for the quarter ended March 31, 2005 filed on May 10, 2005.                                                                                       |
| (12) | Incorporated by reference to the registrant's Quarterly Report on Form 10-Q for the quarter ended September 30, 2006 filed on November 9, 2006.                                                                               |
| (13) | Incorporated by reference to the registrant's Quarterly Report on Form 10-Q for the quarter ended March 31, 2008 filed on May 12, 2008.                                                                                       |
| (14) | Incorporated by reference to the registrant's Quarterly Report on Form 10-Q for the quarter ended June 30, 2008 filed on August 8, 2008.                                                                                      |
| (15) | Incorporated by reference to the registrant's Annual Report on Form 10-K for the fiscal year ended December 31, 2008 filed on March 16, 2009.                                                                                 |
| (16) | Incorporated by reference to the registrant's Quarterly Report on Form 10-Q for the quarter ended March 31, 2009 filed on May 11, 2009                                                                                        |

----

| Dime Community Bancshares, Inc. |
|---------------------------------|

| Dated: May 10, 2010 |   | By: /s/ VINCENT F. PALAGIANO                      |
|---------------------|--------|---------------------------------------------------|
|                |   | Vincent F. Palagiano                              |
|                |   | Chairman of the Board and Chief Executive Officer |

| Dated: May 10, 2010 |   | By: /s/ KENNETH J. MAHON                                                                  |
|---------------------|--------|-------------------------------------------------------------------------------------------|
|                |   | Kenneth J. Mahon                                                                          |
|                |   | First Executive Vice President and Chief Financial Officer (Principal Accounting Officer) |