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

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

| Federal                                 | 20-2107839          |
|-----------------------------------------|---------------------|
| (State or other jurisdiction of         | (I.R.S. Employer    |
| incorporation or organization)          | Identification No.) |
|                                    |                |
| 2 East Main Street, Georgetown, MA      | 01833               |
| (Address of principal executive office) | (Zip Code)          |
|                                    |                |

| Large accelerated filer |  ̈ | Accelerated filer         |  ̈ |
|-------------------------|--------|---------------------------|--------|
| Non-accelerated filer   |  ̈ | Smaller reporting company | ý |

----

| Part I.    | Financial Information                                                                                                | Page   |
|------------|----------------------------------------------------------------------------------------------------------------------|--------|
|       |                                                                                                                 |   |
| Item 1:    | Financial Statements (Unaudited)                                                                                     |   |
|       |                                                                                                                 |   |
|       | Consolidated Statements of Financial Condition at December 31, 2009 and June 30, 2009                                | 1      |
|       |                                                                                                                 |   |
|       | Consolidated Statements of Income for the Three and Six Months Ended December 31, 2009 and 2008                      | 2      |
|       |                                                                                                                 |   |
|       | Consolidated Statements of Changes in Stockholders’ Equity for the Six Months Ended December 31, 2009 and 2008 | 3      |
|       |                                                                                                                 |   |
|       | Consolidated Statements of Cash Flows for the Six Months Ended December 31, 2009 and 2008                            | 4      |
|       |                                                                                                                 |   |
|       | Notes to Consolidated Financial Statements                                                                           | 6      |
|       |                                                                                                                 |   |
| Item 2:    | Management’s Discussion and Analysis of Financial Condition and Results of Operations                          | 12     |
|       |                                                                                                                 |   |
| Item 3:    | Quantitative and Qualitative Disclosures About Market Risk                                                           | 23     |
|       |                                                                                                                 |   |
| Item 4T:   | Controls and Procedures                                                                                              | 23     |
|       |                                                                                                                 |   |
| Part II.   | Other Information                                                                                                    |   |
|       |                                                                                                                 |   |
| Item 1:    | Legal Proceedings                                                                                                    | 23     |
| Item 1A:   | Risk Factors                                                                                                         | 23     |
| Item 2:    | Unregistered Sales of Equity Securities and Use of Proceeds                                                          | 23     |
| Item 3:    | Defaults upon Senior Securities                                                                                      | 23     |
| Item 4:    | Submission of Matters to a Vote of Security Holders                                                                  | 23     |
| Item 5:    | Other Information                                                                                                    | 24     |
| Item 6:    | Exhibits                                                                                                             | 24     |
|       |                                                                                                                 |   |
| SIGNATURES | 25                                                                                                                   |
|       |                                                                                                                 |   |
|       |                                                                                                                 |   |

----

| GEORGETOWN BANCORP, INC.                                               |
|------------------------------------------------------------------------|
| CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION                         |
| ---------------------------------------------------------------------- |
| (unaudited)                                                            |
|                                                                   |   |   |   |
| ASSETS                                                                 |

|                                                                                                                                 |   |           |    |   |     |   |
|--------------------------------------------------------------------------------------------------------------------------------------|--------|----------------|---------|--------|----------|--------|
|                                                                                                                                 |   | At             |    |   | At       |   |
|                                                                                                                                 |   | December 31,   |    |   | June 30, |   |
|                                                                                                                                 |   | 2009           |    |   | 2009     |   |
|                                                                                                                                 |   | (In thousands) |    |
|                                                                                                                                 |   |           |    |   |     |   |
| Cash and due from banks                                                                                                              |   | $              | 2,058   |   |     | $      | 3,355 |   |
| Short-term investments                                                                                                               |   |           | 1,587   |   |     |   | 8,001 |   |
|                Total cash and cash equivalents            |   |           | 3,645   |   |     |   | 11,356 |   |
|                                                                                                                                 |   |           |    |   |     |   |   |   |
| Securities available for sale, at fair value                                                                                         |   |           | 11,830  |   |     |   | 9,528 |   |
| Securities held to maturity, at amortized cost                                                                                       |   |           | 4,290   |   |     |   | 4,959 |   |
| Federal Home Loan Bank stock, at cost                                                                                                |   |           | 3,111   |   |     |   | 3,111 |   |
| Loans held for sale                                                                                                                  |   |           | 521     |   |     |   | 269 |   |
| Loans, net of allowance for loan losses of $1,594,000                                                                                |   |           |    |   |     |   |   |   |
|     at December 31, 2009 and $1,455,000 at June 30, 2009                                                         |   |           | 166,838 |   |     |   | 163,825 |   |
| Premises and equipment, net                                                                                                          |   |           | 4,091   |   |     |   | 4,212 |   |
| Accrued interest receivable                                                                                                          |   |           | 804     |   |     |   | 714 |   |
| Bank-owned life insurance                                                                                                            |   |           | 2,496   |   |     |   | 2,414 |   |
| Prepaid FDIC insurance                                                                                                               |   |           | 719     |   |     |   | - |   |
| Other assets                                                                                                                         |   |           | 982     |   |     |   | 803 |   |
|                                                                                                                                 |   |           |    |   |     |   |   |   |
|                Total assets                               |   | $              | 199,327 |   |     | $      | 201,191 |   |
|                                                                                                                                 |   |           |    |   |     |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY                                                                                                 |
|                                                                                                                                 |   |           |    |   |     |   |   |   |
| Deposits                                                                                                                             |   | $              | 136,630 |   |     | $      | 141,126 |   |
| Securities sold under agreements to repurchase                                                                                       |   |           | 417     |   |     |   | 520 |   |
| Short-term Federal Home Loan Bank advances                                                                                           |   |           | 6,050   |   |     |   | - |   |
| Long-term Federal Home Loan Bank advances                                                                                            |   |           | 36,740  |   |     |   | 40,268 |   |
| Mortgagors' escrow accounts                                                                                                          |   |           | 412     |   |     |   | 407 |   |
| Accrued expenses and other liabilities                                                                                               |   |           | 1,432   |   |     |   | 1,553 |   |
|                Total liabilities                          |   |           | 181,681 |   |     |   | 183,874 |   |
|                                                                                                                                 |   |           |    |   |     |   |   |   |
| Commitments and contingencies                                                                                                        |   |           |    |   |     |   |   |   |
|                                                                                                                                 |   |           |    |   |     |   |   |   |
| Stockholders' equity:                                                                                                                |   |           |    |   |     |   |   |   |
| Preferred stock, $0.10 par value per share:  1,000,000                                                                     |   |           |    |   |     |   |   |   |
| shares authorized; none outstanding                                                                                                  |   |           | -       |   |     |   | - |   |
| Common stock, $0.10 par value per share: 10,000,000                                                                                  |   |           |    |   |     |   |   |   |
| shares authorized; 2,777,250 shares issued                                                                                           |   |           | 278     |   |     |   | 278 |   |
| Additional paid-in capital                                                                                                           |   |           | 11,329  |   |     |   | 11,350 |   |
| Retained earnings                                                                                                                    |   |           | 7,546   |   |     |   | 7,228 |   |
| Accumulated other comprehensive income                                                                                               |   |           | 127     |   |     |   | 136 |   |
| Unearned compensation - ESOP (44,982 and 49,078 shares unallocated                                                                   |   |           |    |   |     |   |   |   |
|     at December 31, 2009 and June 30, 2009, respectively)                                                        |   |           | (450    | )      |     |   | (491 | ) |
| Treasury stock, at cost (138,863 shares)                                                                                             |   |           | (1,184  | )      |     |   | (1,184 | ) |
|                Total stockholders' equity                 |   |           | 17,646  |   |     |   | 17,317 |   |
|                                                                                                                                 |   |           |    |   |     |   |   |   |
|                Total liabilities and stockholders' equity |   | $              | 199,327 |   |     | $      | 201,191 |   |
|                                                                                                                                 |   |           |    |   |     |   |   |   |
| See accompanying notes to consolidated financial statements.                                                                         |   |           |    |   |     |   |   |   |
|                                                                                                                                 |   |           |    |   |     |   |   |   |

----

| GEORGETOWN BANCORP, INC.                                               |
|------------------------------------------------------------------------|
| CONSOLIDATED STATEMENTS OF INCOME                                      |
| ---------------------------------------------------------------------- |
| (unaudited)                                                            |
|                                                                   |   |   |   |   |   |   |   |

|                                                                                                                         |   | Three Months Ended                |      |   | Six Months Ended |   |
|------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------|-----------|--------|------------------|--------|
|                                                                                                                         |   | December 31,                      |      |   | December 31,     |   |
|                                                                                                                         |   | 2009                              |      |   | 2008             |   |   | 2009 |   |   | 2008 |   |
|                                                                                                                         |   | (In thousands, except share data) |      |
|                                                                                                                         |   |                              |      |   |             |   |   |   |   |   |   |   |
| Interest and dividend income:                                                                                                |   |                              |      |   |             |   |   |   |   |   |   |   |
|     Loans, including fees                                                                                |   | $                                 | 2,457     |   |             | $      | 2,463 |   |   | $ | 4,917 |   |   | $ | 4,785 |   |
|     Securities                                                                                           |   |                              | 164       |   |             |   | 222 |   |   |   | 316 |   |   |   | 445 |   |
|     Short-term investments                                                                               |   |                              | 1         |   |             |   | 1 |   |   |   | 1 |   |   |   | 6 |   |
|                Total interest and dividend income |   |                              | 2,622     |   |             |   | 2,686 |   |   |   | 5,234 |   |   |   | 5,236 |   |
|                                                                                                                         |   |                              |      |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Interest expense:                                                                                                            |   |                              |      |   |             |   |   |   |   |   |   |   |   |   |   |   |
|     Deposits                                                                                             |   |                              | 536       |   |             |   | 653 |   |   |   | 1,153 |   |   |   | 1,216 |   |
|     Securities sold under agreements to repurchase                                                       |   |                              | -         |   |             |   | 1 |   |   |   | 1 |   |   |   | 2 |   |
|     Short-term Federal Home Loan Bank advances                                                           |   |                              | 1         |   |             |   | 30 |   |   |   | 1 |   |   |   | 106 |   |
|     Long-term Federal Home Loan Bank advances                                                            |   |                              | 376       |   |             |   | 520 |   |   |   | 789 |   |   |   | 1,048 |   |
|                Total interest expense             |   |                              | 913       |   |             |   | 1,204 |   |   |   | 1,944 |   |   |   | 2,372 |   |
|                                                                                                                         |   |                              |      |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Net interest income                                                                                                          |   |                              | 1,709     |   |             |   | 1,482 |   |   |   | 3,290 |   |   |   | 2,864 |   |
| Provision for loan losses                                                                                                    |   |                              | 163       |   |             |   | 91 |   |   |   | 196 |   |   |   | 178 |   |
| Net interest income, after provision for loan losses                                                                         |   |                              | 1,546     |   |             |   | 1,391 |   |   |   | 3,094 |   |   |   | 2,686 |   |
|                                                                                                                         |   |                              |      |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Non-interest income:                                                                                                         |   |                              |      |   |             |   |   |   |   |   |   |   |   |   |   |   |
|     Customer service fees                                                                                |   |                              | 166       |   |             |   | 171 |   |   |   | 332 |   |   |   | 331 |   |
|     Net gain on sale of loans                                                                            |   |                              | 95        |   |             |   | - |   |   |   | 176 |   |   |   | - |   |
|     Income (loss) from bank-owned life insurance                                                         |   |                              | 25        |   |             |   | 9 |   |   |   | 10 |   |   |   | (5 | ) |
|     Other, net                                                                                           |   |                              | (1        | )      |             |   | 5 |   |   |   | 6 |   |   |   | 7 |   |
|                Total non-interest income          |   |                              | 285       |   |             |   | 185 |   |   |   | 524 |   |   |   | 333 |   |
|                                                                                                                         |   |                              |      |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Non-interest expenses:                                                                                                       |   |                              |      |   |             |   |   |   |   |   |   |   |   |   |   |   |
|     Salaries and employee benefits                                                                       |   |                              | 889       |   |             |   | 788 |   |   |   | 1,726 |   |   |   | 1,573 |   |
|     Occupancy and equipment expenses                                                                     |   |                              | 191       |   |             |   | 198 |   |   |   | 381 |   |   |   | 390 |   |
|     Data processing expenses                                                                             |   |                              | 121       |   |             |   | 91 |   |   |   | 223 |   |   |   | 180 |   |
|     Professional fees                                                                                    |   |                              | 97        |   |             |   | 81 |   |   |   | 207 |   |   |   | 151 |   |
|     Advertising expenses                                                                                 |   |                              | 59        |   |             |   | 53 |   |   |   | 104 |   |   |   | 115 |   |
|     FDIC insurance                                                                                       |   |                              | 49        |   |             |   | 26 |   |   |   | 97 |   |   |   | 48 |   |
|     Other general and administrative expenses                                                            |   |                              | 191       |   |             |   | 179 |   |   |   | 387 |   |   |   | 364 |   |
|                Total non-interest expenses        |   |                              | 1,597     |   |             |   | 1,416 |   |   |   | 3,125 |   |   |   | 2,821 |   |
|                                                                                                                         |   |                              |      |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Income before income taxes                                                                                                   |   |                              | 234       |   |             |   | 160 |   |   |   | 493 |   |   |   | 198 |   |
|                                                                                                                         |   |                              |      |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Income tax provision                                                                                                         |   |                              | 74        |   |             |   | 53 |   |   |   | 175 |   |   |   | 79 |   |
|                                                                                                                         |   |                              |      |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Net income                                                                                                                   |   | $                                 | 160       |   |             | $      | 107 |   |   | $ | 318 |   |   | $ | 119 |   |
|                                                                                                                         |   |                              |      |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Weighted-average number of common shares outstanding:                                                                        |   |                              |      |   |             |   |   |   |   |   |   |   |   |   |   |   |
|    Basic and diluted                                                                                          |   |                              | 2,592,062 |   |             |   | 2,583,869 |   |   |   | 2,591,035 |   |   |   | 2,582,842 |   |
|                                                                                                                         |   |                              |      |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Net income per share:                                                                                                        |   |                              |      |   |             |   |   |   |   |   |   |   |   |   |   |   |
|    Basic and diluted                                                                                          |   | $                                 | 0.06      |   |             | $      | 0.04 |   |   | $ | 0.12 |   |   | $ | 0.05 |   |
|                                                                                                                         |   |                              |      |   |             |   |   |   |   |   |   |   |   |   |   |   |
| See accompanying notes to consolidated financial statements.                                                                 |   |                              |      |   |             |   |   |   |   |   |   |   |   |

----

| GEORGETOWN BANCORP, INC.                                               |
|------------------------------------------------------------------------|
| CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY       |
| ---------------------------------------------------------------------- |
| (unaudited)                                                            |

|                                                                                                                             |   |           |   |   |       |   |   |     |   |   |          |   |   |          |   |   |     |   |   |   |   |
|----------------------------------------------------------------------------------------------------------------------------------|--------|----------------|--------|--------|------------|--------|--------|----------|--------|--------|---------------|--------|--------|---------------|--------|--------|----------|--------|--------|--------|--------|
|                                                                                                                             |   |           |   |   |       |   |   |     |   |   | Accumulated   |   |   |          |   |   |     |   |   |   |   |
|                                                                                                                             |   |           |   |   | Additional |   |   |     |   |   | Other         |   |   | Unearned      |   |   |     |   |   |   |   |
|                                                                                                                             |   | Common         |   |   | Paid-in    |   |   | Retained |   |   | Comprehensive |   |   | Compensation- |   |   | Treasury |   |   |   |   |
|                                                                                                                             |   | Stock          |   |   | Capital    |   |   | Earnings |   |   | Income (Loss) |   |   | ESOP          |   |   | Stock    |   |   | Total  |   |
|                                                                                                                             |   | (In thousands) |   |
|                                                                                                                             |   |           |   |   |       |   |   |     |   |   |          |   |   |          |   |   |     |   |   |   |   |
| Balance at June 30, 2008                                                                                                         |   | $              | 278    |   |       | $      | 11,393 |     |   | $      | 6,878         |   |   | $             | (19    | )      |     | $      | (573   | )      |   | $ | (1,184 | ) |   | $ | 16,773 |   |
|                                                                                                                             |   |           |   |   |       |   |   |     |   |   |          |   |   |          |   |   |     |   |   |   |   |   |   |   |   |   |   |   |
| Comprehensive income:                                                                                                            |   |           |   |   |       |   |   |     |   |   |          |   |   |          |   |   |     |   |   |   |   |   |   |   |   |   |   |   |
|     Net income                                                                                               |   |           | -      |   |       |   | -      |     |   |   | 119           |   |   |          | -      |   |     |   | -      |   |   |   | - |   |   |   | 119 |   |
|     Net unrealized gain on securities                                                                        |   |           |   |   |       |   |   |     |   |   |          |   |   |          |   |   |     |   |   |   |   |   |   |   |   |   |   |   |
|         available for sale, net of related                                               |   |           |   |   |       |   |   |     |   |   |          |   |   |          |   |   |     |   |   |   |   |   |   |   |   |   |   |   |
|         tax effects of $101,000                                                          |   |           | -      |   |       |   | -      |     |   |   | -             |   |   |          | 169    |   |     |   | -      |   |   |   | - |   |   |   | 169 |   |
|                  Total comprehensive income |   |           |   |   |       |   |   |     |   |   |          |   |   |          |   |   |     |   |   |   |   |   |   |   |   |   | 288 |   |
|                                                                                                                             |   |           |   |   |       |   |   |     |   |   |          |   |   |          |   |   |     |   |   |   |   |   |   |   |   |   |   |   |
| Common stock held by ESOP allocated or                                                                                           |   |           |   |   |       |   |   |     |   |   |          |   |   |          |   |   |     |   |   |   |   |   |   |   |   |   |   |   |
| committed to be allocated (4,097 shares)                                                                                         |   |           | -      |   |       |   | (18    | )        |   |   | -             |   |   |          | -      |   |     |   | 41     |   |   |   | - |   |   |   | 23 |   |
|                                                                                                                             |   |           |   |   |       |   |   |     |   |   |          |   |   |          |   |   |     |   |   |   |   |   |   |   |   |   |   |   |
| Balance at December 31, 2008                                                                                                     |   | $              | 278    |   |       | $      | 11,375 |     |   | $      | 6,997         |   |   | $             | 150    |   |     | $      | (532   | )      |   | $ | (1,184 | ) |   | $ | 17,084 |   |
|                                                                                                                             |   |           |   |   |       |   |   |     |   |   |          |   |   |          |   |   |     |   |   |   |   |   |   |   |   |   |   |   |
| Balance at June 30, 2009                                                                                                         |   | $              | 278    |   |       | $      | 11,350 |     |   | $      | 7,228         |   |   | $             | 136    |   |     | $      | (491   | )      |   | $ | (1,184 | ) |   | $ | 17,317 |   |
|                                                                                                                             |   |           |   |   |       |   |   |     |   |   |          |   |   |          |   |   |     |   |   |   |   |   |   |   |   |   |   |   |
| Comprehensive income:                                                                                                            |   |           |   |   |       |   |   |     |   |   |          |   |   |          |   |   |     |   |   |   |   |   |   |   |   |   |   |   |
|     Net income                                                                                               |   |           | -      |   |       |   | -      |     |   |   | 318           |   |   |          | -      |   |     |   | -      |   |   |   | - |   |   |   | 318 |   |
|     Net unrealized loss on securities                                                                        |   |           |   |   |       |   |   |     |   |   |          |   |   |          |   |   |     |   |   |   |   |   |   |   |   |   |   |   |
|         available for sale, net of related                                               |   |           |   |   |       |   |   |     |   |   |          |   |   |          |   |   |     |   |   |   |   |   |   |   |   |   |   |   |
|         tax effects of $4,000                                                            |   |           | -      |   |       |   | -      |     |   |   | -             |   |   |          | (9     | )      |     |   | -      |   |   |   | - |   |   |   | (9 | ) |
|                  Total comprehensive income |   |           |   |   |       |   |   |     |   |   |          |   |   |          |   |   |     |   |   |   |   |   |   |   |   |   | 309 |   |
|                                                                                                                             |   |           |   |   |       |   |   |     |   |   |          |   |   |          |   |   |     |   |   |   |   |   |   |   |   |   |   |   |
| Common stock held by ESOP allocated or                                                                                           |   |           |   |   |       |   |   |     |   |   |          |   |   |          |   |   |     |   |   |   |   |   |   |   |   |   |   |   |
| committed to be allocated (4,096 shares)                                                                                         |   |           | -      |   |       |   | (21    | )        |   |   | -             |   |   |          | -      |   |     |   | 41     |   |   |   | - |   |   |   | 20 |   |
|                                                                                                                             |   |           |   |   |       |   |   |     |   |   |          |   |   |          |   |   |     |   |   |   |   |   |   |   |   |   |   |   |
| Balance at December 31, 2009                                                                                                     |   | $              | 278    |   |       | $      | 11,329 |     |   | $      | 7,546         |   |   | $             | 127    |   |     | $      | (450   | )      |   | $ | (1,184 | ) |   | $ | 17,646 |   |
|                                                                                                                             |   |           |   |   |       |   |   |     |   |   |          |   |   |          |   |   |     |   |   |   |   |   |   |   |   |   |   |   |
| See accompanying notes to consolidated financial statements.                                                                     |   |           |   |   |       |   |   |     |   |   |          |   |   |          |   |   |     |   |   |   |   |   |   |   |   |

----

| GEORGETOWN BANCORP, INC.                                               |
|------------------------------------------------------------------------|
| CONSOLIDATED STATEMENTS OF CASH FLOWS                                  |
| ---------------------------------------------------------------------- |
| (unaudited)                                                            |
|                                                                   |   |   |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                          |   | Six Months Ended |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                          |   | December 31,     |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                          |   | 2009             |   |   | 2008 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                          |   | (In thousands)   |   |
| Cash flows from operating activities:                                                                                                                                                                                                                                                                                                                                                                                         |   |             |   |   |   |   |
| Net income                                                                                                                                                                                                                                                                                                                                                                                                                    |   | $                | 318    |   |   | $ | 119 |   |
|     Adjustments to reconcile net income to net cash                                                                                                                                                                                                                                                                                                                                                       |   |             |   |   |   |   |   |   |
|         provided (used) by operating activities:                                                                                                                                                                                                                                                                                                                                      |   |             |   |   |   |   |   |   |
|             Provision for loan losses                                                                                                                                                                                                                                                                                                                             |   |             | 196    |   |   |   | 178 |   |
|             Accretion of securities, net                                                                                                                                                                                                                                                                                                                          |   |             | (14    | ) |   |   | (17 | ) |
|             Accretion of deferred loan fees and costs, net                                                                                                                                                                                                                                                                                                        |   |             | (3     | ) |   |   | (35 | ) |
|             Depreciation and amortization expense                                                                                                                                                                                                                                                                                                                 |   |             | 175    |   |   |   | 189 |   |
|             Increase in accrued interest receivable                                                                                                                                                                                                                                                                                                               |   |             | (90    | ) |   |   | (63 | ) |
|             (Income) loss from bank-owned life insurance                                                                                                                                                                                                                                                                                                          |   |             | (10    | ) |   |   | 5 |   |
|             ESOP compensation expense                                                                                                                                                                                                                                                                                                                             |   |             | 20     |   |   |   | 23 |   |
|             Increase in accrual for supplemental retirement agreement liability                                                                                                                                                                                                                                                                                   |   |             | 51     |   |   |   | 51 |   |
|             Loans originated for sale                                                                                                                                                                                                                                                                                                                             |   |             | (8,014 | ) |   |   | - |   |
|             Loan sale proceeds                                                                                                                                                                                                                                                                                                                                    |   |             | 7,857  |   |   |   | - |   |
|             Cash gain on sale of loans                                                                                                                                                                                                                                                                                                                            |   |             | (95    | ) |   |   | - |   |
|             Prepaid FDIC insurance                                                                                                                                                                                                                                                                                                                                |   |             | (719   | ) |   |   | - |   |
|             Net change in other assets and liabilities                                                                                                                                                                                                                                                                                                            |   |             | (347   | ) |   |   | (205 | ) |
|                   Net cash (used) provided by operating activities                                                                                                                                                                                                                                                                  |   |             | (675   | ) |   |   | 245 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                          |   |             |   |   |   |   |   |   |
| Cash flows from investing activities:                                                                                                                                                                                                                                                                                                                                                                                         |   |             |   |   |   |   |   |   |
|     Activity in available-for-sale securities:                                                                                                                                                                                                                                                                                                                                                            |   |             |   |   |   |   |   |   |
|          Maturities, prepayments and calls                                                                                                                                                                                                                                                                                                                                       |   |             | 1,193  |   |   |   | 1,814 |   |
|          Purchases                                                                                                                                                                                                                                                                                                                                                               |   |             | (3,500 | ) |   |   | (1,000 | ) |
|     Maturities, prepayments and calls                                                                                                                                                                                                                                                                                                                                                                     |   |             |   |   |   |   |   |   |
|         of held-to-maturity securities                                                                                                                                                                                                                                                                                                                                                |   |             | 675    |   |   |   | 586 |   |
|     Purchase of Federal Home Loan Bank stock                                                                                                                                                                                                                                                                                                                                                              |   |             | -      |   |   |   | (103 | ) |
|     Loan principal originations, net                                                                                                                                                                                                                                                                                                                                                                      |   |             | (4,213 | ) |   |   | (17,001 | ) |
|     Proceeds from sales of portfolio loans                                                                                                                                                                                                                                                                                                                                                                |   |             | 1,007  |   |   |   | - |   |
|     Purchase of premises and equipment                                                                                                                                                                                                                                                                                                                                                                    |   |             | (54    | ) |   |   | (69 | ) |
|     Proceeds from redemption of bank-owned life insurance                                                                                                                                                                                                                                                                                                                                                 |   |             | 112    |   |   |   | - |   |
|     Purchase of bank-owned life insurance                                                                                                                                                                                                                                                                                                                                                                 |   |             | (184   | ) |   |   | - |   |
|                  Net cash used by investing activities                                                                                                                                                                                                                                                                                   |   |             | (4,964 | ) |   |   | (15,773 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                          |   |             |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                          |   |             |   |   |   |   |   |   |
|                                                                    (continued) |   |             |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                          |   |             |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                          |   |             |   |   |   |   |   |   |
| See accompanying notes to consolidated financial statements.                                                                                                                                                                                                                                                                                                                                                                  |   |             |   |   |   |   |   |   |

----

| GEORGETOWN BANCORP, INC.                                               |
|------------------------------------------------------------------------|
| CONSOLIDATED STATEMENTS OF CASH FLOWS                                  |
| ---------------------------------------------------------------------- |
| (unaudited)                                                            |
| (concluded)                                                            |
|                                                                   |   |   |   |

|                                                                                                                                                         |   | Six Months Ended |    |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------|---------|
|                                                                                                                                                         |   | December 31,     |
|                                                                                                                                                         |   | 2009             |    |   | 2008 |   |
|                                                                                                                                                         |   | (In thousands)   |    |
| Cash flows from financing activities:                                                                                                                        |   |             |    |   |   |   |
|     Net change in deposits                                                                                                               |   |             | (4,496  | ) |   |   | 24,422 |   |
|     Net change in securities sold under agreements                                                                                       |   |             |    |   |   |   |   |   |
|         to repurchase                                                                                                |   |             | (103    | ) |   |   | (64 | ) |
|     Net change in Federal Home Loan Bank advances with                                                                                   |   |             |    |   |   |   |   |   |
|         maturities of  three months or less                                                                |   |             | 6,050   |   |   |   | (11,000 | ) |
|     Proceeds of Federal Home Loan Bank advances with                                                                                     |   |             |    |   |   |   |   |   |
|         maturities greater than three months                                                                         |   |             | 7,000   |   |   |   | 15,500 |   |
|     Repayments of Federal Home Loan Bank advances                                                                                        |   |             |    |   |   |   |   |   |
|         with maturities greater than three months                                                                    |   |             | (10,528 | ) |   |   | (11,376 | ) |
|     Net change in mortgagors' escrow accounts                                                                                            |   |             | 5       |   |   |   | 33 |   |
|                   Net cash (used) provided by financing activities |   |             | (2,072  | ) |   |   | 17,515 |   |
|                                                                                                                                                         |   |             |    |   |   |   |   |   |
| Net change in cash and cash equivalents                                                                                                                      |   |             | (7,711  | ) |   |   | 1,987 |   |
|                                                                                                                                                         |   |             |    |   |   |   |   |   |
| Cash and cash equivalents at beginning of period                                                                                                             |   |             | 11,356  |   |   |   | 5,455 |   |
|                                                                                                                                                         |   |             |    |   |   |   |   |   |
| Cash and cash equivalents at end of period                                                                                                                   |   | $                | 3,645   |   |   | $ | 7,442 |   |
|                                                                                                                                                         |   |             |    |   |   |   |   |   |
| Supplementary information:                                                                                                                                   |   |             |    |   |   |   |   |   |
| Interest paid on deposit accounts                                                                                                                            |   | $                | 1,157   |   |   | $ | 1,221 |   |
| Interest paid on borrowings                                                                                                                                  |   |             | 825     |   |   |   | 1,152 |   |
| Income taxes paid                                                                                                                                            |   |             | 128     |   |   |   | 27 |   |
|                                                                                                                                                         |   |             |    |   |   |   |   |   |
|                                                                                                                                                         |   |             |    |   |   |   |   |   |
|                                                                                                                                                         |   |             |    |   |   |   |   |   |
|                                                                                                                                                         |   |             |    |   |   |   |   |   |
|                                                                                                                                                         |   |             |    |   |   |   |   |   |
|                                                                                                                                                         |   |             |    |   |   |   |   |   |
| See accompanying notes to consolidated financial statements.                                                                                                 |   |             |    |   |   |   |   |   |

----

----

|                                        |   | Three Months Ended |      |   | Six Months Ended |   |
|---------------------------------------------|--------|--------------------|-----------|--------|------------------|--------|
|                                        |   | December 31,       |      |   | December 31,     |   |
|                                        |   | 2009               |      |   | 2008             |   |   | 2009 |   |   | 2008 |   |
|                                        |   |               |      |   |             |   |   |   |   |   |   |   |
| Net income available to common stockholders |   | $                  | 160,000   |   |             | $      | 107,000 |   |   | $ | 318,000 |   |   | $ | 119,000 |   |
|                                        |   |               |      |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Basic common shares:                        |   |               |      |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average shares outstanding         |   |               | 2,638,387 |   |             |   | 2,638,387 |   |   |   | 2,638,387 |   |   |   | 2,638,387 |   |
| Weighted average unallocated ESOP shares    |   |               | (46,325   | )      |             |   | (54,518 | ) |   |   | (47,352 | ) |   |   | (55,545 | ) |
| Basic weighted average shares outstanding   |   |               | 2,592,062 |   |             |   | 2,583,869 |   |   |   | 2,591,035 |   |   |   | 2,582,842 |   |
|                                        |   |               |      |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Dilutive potential common shares            |   |               | ----      |   |             |   | ---- |   |   |   | ---- |   |   |   | ---- |   |
|                                        |   |               |      |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Diluted weighted average shares outstanding |   |               | 2,592,062 |   |             |   | 2,583,869 |   |   |   | 2,591,035 |   |   |   | 2,582,842 |   |
|                                        |   |               |      |   |             |   |   |   |   |   |   |   |   |   |   |   |
|                                        |   |               |      |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Basic and diluted EPS                       |   | $                  | 0.06      |   |             | $      | 0.04 |   |   | $ | 0.12 |   |   | $ | 0.05 |   |

----

|                                                                                                         |   |           |   |   | Gross      |   |   | Gross      |   |   |   |   |
|--------------------------------------------------------------------------------------------------------------|--------|----------------|--------|--------|------------|--------|--------|------------|--------|--------|--------|--------|
|                                                                                                         |   | Amortized      |   |   | Unrealized |   |   | Unrealized |   |   | Fair   |   |
|                                                                                                         |   | Cost           |   |   | Gains      |   |   | Losses     |   |   | Value  |   |
|                                                                                                         |   | (In thousands) |   |
|                                                                                                         |   |           |   |   |       |   |   |       |   |   |   |   |
| At December 31, 2009                                                                                         |   |           |   |   |       |   |   |       |   |   |   |   |
|                                                                                                         |   |           |   |   |       |   |   |       |   |   |   |   |
| Securities available for sale                                                                                |   |           |   |   |       |   |   |       |   |   |   |   |
|                                                                                                         |   |           |   |   |       |   |   |       |   |   |   |   |
|     Government-sponsored                                                                 |   |           |   |   |       |   |   |       |   |   |   |   |
|         enterprise obligations                                       |   | $              | 5,000  |   |       | $      | 5      |       |   | $      | (30    | )      |   | $ | 4,975 |   |
|     Residential mortgage-backed                                                          |   |           |   |   |       |   |   |       |   |   |   |   |   |   |   |   |
|   securities                                                                                       |   |           | 6,634  |   |       |   | 221    |       |   |   | -      |   |   |   | 6,855 |   |
|                                                                                                         |   |           |   |   |       |   |   |       |   |   |   |   |   |   |   |   |
|            Total securities                           |   |           |   |   |       |   |   |       |   |   |   |   |   |   |   |   |
|                available for sale |   | $              | 11,634 |   |       | $      | 226    |       |   | $      | (30    | )      |   | $ | 11,830 |   |
|                                                                                                         |   |           |   |   |       |   |   |       |   |   |   |   |   |   |   |   |
| Securities held to maturity                                                                                  |   |           |   |   |       |   |   |       |   |   |   |   |   |   |   |   |
|                                                                                                         |   |           |   |   |       |   |   |       |   |   |   |   |   |   |   |   |
|     Residential mortgage-backed                                                          |   |           |   |   |       |   |   |       |   |   |   |   |   |   |   |   |
|   securities                                                                                       |   | $              | 4,290  |   |       | $      | 173    |       |   | $      | -      |   |   | $ | 4,463 |   |
|                                                                                                         |   |           |   |   |       |   |   |       |   |   |   |   |   |   |   |   |
|                                                                                                         |   |           |   |   |       |   |   |       |   |   |   |   |   |   |   |   |
|                                                                                                         |   |           |   |   |       | Gross  |   |       | Gross  |   |   |   |   |   |
|                                                                                                         |   | Amortized      |   |   | Unrealized |   |   | Unrealized |   |   | Fair   |   |
|                                                                                                         |   | Cost           |   |   | Gains      |   |   | Losses     |   |   | Value  |   |
|                                                                                                         |   | (In thousands) |   |
|                                                                                                         |   |           |   |   |       |   |   |       |   |   |   |   |   |   |   |   |
| At June 30, 2009                                                                                             |   |           |   |   |       |   |   |       |   |   |   |   |   |   |   |   |
|                                                                                                         |   |           |   |   |       |   |   |       |   |   |   |   |   |   |   |   |
| Securities available for sale                                                                                |   |           |   |   |       |   |   |       |   |   |   |   |   |   |   |   |
|                                                                                                         |   |           |   |   |       |   |   |       |   |   |   |   |   |   |   |   |
|     Government-sponsored                                                                 |   |           |   |   |       |   |   |       |   |   |   |   |   |   |   |   |
|         enterprise obligations                                       |   | $              | 1,500  |   |       | $      | -      |       |   | $      | (2     | )      |   | $ | 1,498 |   |
|     Residential mortgage-backed                                                          |   |           |   |   |       |   |   |       |   |   |   |   |   |   |   |   |
|   securities                                                                                       |   |           | 7,819  |   |       |   | 216    |       |   |   | (5     | )      |   |   | 8,030 |   |
|                                                                                                         |   |           |   |   |       |   |   |       |   |   |   |   |   |   |   |   |
|            Total securities                           |   |           |   |   |       |   |   |       |   |   |   |   |   |   |   |   |
|                available for sale |   | $              | 9,319  |   |       | $      | 216    |       |   | $      | (7     | )      |   | $ | 9,528 |   |
|                                                                                                         |   |           |   |   |       |   |   |       |   |   |   |   |   |   |   |   |
| Securities held to maturity                                                                                  |   |           |   |   |       |   |   |       |   |   |   |   |   |   |   |   |
|                                                                                                         |   |           |   |   |       |   |   |       |   |   |   |   |   |   |   |   |
|     Residential mortgage-backed                                                          |   |           |   |   |       |   |   |       |   |   |   |   |   |   |   |   |
|   securities                                                                                       |   | $              | 4,959  |   |       | $      | 142    |       |   | $      | -      |   |   | $ | 5,101 |   |
|                                                                                                         |   |           |   |   |       |   |   |       |   |   |   |   |   |   |   |   |

----

|                               |   | Available for Sale |   |   | Held to Maturity |   |
|------------------------------------|--------|--------------------|--------|--------|------------------|--------|
|                               |   | Amortized          |   |   | Fair             |   |   | Amortized |   |   | Fair |   |
|                               |   | Cost               |   |   | Value            |   |   | Cost |   |   | Value |   |
|                               |   | (In thousands)     |   |
| After 1 year through               |   |               |   |   |             |   |   |   |   |   |   |   |
|     5 years    |   | $                  | 1,500  |   |             | $      | 1,503 |   |   | $ | - |   |   | $ | - |   |
| After 5 years through              |   |               |   |   |             |   |   |   |   |   |   |   |   |   |   |   |
|     10 years   |   |               | 3,500  |   |             |   | 3,472 |   |   |   | - |   |   |   | - |   |
|                               |   |               | 5,000  |   |             |   | 4,975 |   |   |   | - |   |   |   | - |   |
| Residential mortgage-backed        |   |               |   |   |             |   |   |   |   |   |   |   |   |   |   |   |
|     securities |   |               | 6,634  |   |             |   | 6,855 |   |   |   | 4,290 |   |   |   | 4,463 |   |
|                               |   |               |   |   |             |   |   |   |   |   |   |   |   |   |   |   |
|                               |   | $                  | 11,634 |   |             | $      | 11,830 |   |   | $ | 4,290 |   |   | $ | 4,463 |   |

|                                                                                                 |   | Less Than Twelve Months |   |   | Greater Than Twelve Months |   |
|------------------------------------------------------------------------------------------------------|--------|-------------------------|--------|--------|----------------------------|--------|
|                                                                                                 |   | Gross                   |   |   |                       |   |   | Gross |   |   |   |   |
|                                                                                                 |   | Unrealized              |   |   | Fair                       |   |   | Unrealized |   |   | Fair |   |
|                                                                                                 |   | Losses                  |   |   | Value                      |   |   | Losses |   |   | Value |   |
|                                                                                                 |   | (In thousands)          |   |
| At December 31, 2009:                                                                                |   |                    |   |   |                       |   |   |   |   |   |   |   |
|                                                                                                 |   |                    |   |   |                       |   |   |   |   |   |   |   |
| Securities available for sale                                                                        |   |                    |   |   |                       |   |   |   |   |   |   |   |
|                                                                                                 |   |                    |   |   |                       |   |   |   |   |   |   |   |
|     Government-sponsored                                                         |   |                    |   |   |                       |   |   |   |   |   |   |   |
|         enterprise obligations                               |   | $                       | 30     |   |                       | $      | 2,470 |   |   | $ | - |   |   | $ | - |   |
|     Residential mortgage-backed                                                  |   |                    |   |   |                       |   |   |   |   |   |   |   |   |   |   |   |
|   securities                                                                               |   |                    | -      |   |                       |   | - |   |   |   | - |   |   |   | - |   |
|            Total temporarily impaired         |   |                    |   |   |                       |   |   |   |   |   |   |   |   |   |   |   |
|                securities |   | $                       | 30     |   |                       | $      | 2,470 |   |   | $ | - |   |   | $ | - |   |
|                                                                                                 |   |                    |   |   |                       |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                 |   |                    |   |   |                       |   |   |   |   |   |   |   |   |   |   |   |
| At June 30, 2009:                                                                                    |   |                    |   |   |                       |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                 |   |                    |   |   |                       |   |   |   |   |   |   |   |   |   |   |   |
| Securities available for sale                                                                        |   |                    |   |   |                       |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                 |   |                    |   |   |                       |   |   |   |   |   |   |   |   |   |   |   |
|     Government-sponsored                                                         |   |                    |   |   |                       |   |   |   |   |   |   |   |   |   |   |   |
|         enterprise obligations                               |   | $                       | 2      |   |                       | $      | 1,498 |   |   | $ | - |   |   | $ | - |   |
|     Residential mortgage-backed                                                  |   |                    |   |   |                       |   |   |   |   |   |   |   |   |   |   |   |
|   securities                                                                               |   |                    | 5      |   |                       |   | 1,455 |   |   |   | - |   |   |   | - |   |
|            Total temporarily impaired         |   |                    |   |   |                       |   |   |   |   |   |   |   |   |   |   |   |
|                securities |   | $                       | 7      |   |                       | $      | 2,953 |   |   | $ | - |   |   | $ | - |   |

----

|                                            |   |           |   |   |    |   |   |    |   |   | Assets        |   |
|-------------------------------------------------|--------|----------------|--------|--------|---------|--------|--------|---------|--------|--------|---------------|--------|
|                                            |   | Level 1        |   |   | Level 2 |   |   | Level 3 |   |   | at Fair Value |   |
|                                            |   | (In thousands) |   |
| December 31, 2009:                              |   |           |   |   |    |   |   |    |   |   |          |   |
|    Securities available for sale |   | $              | -      |   |    | $      | 11,830 |    |   | $      | -             |   |   | $ | 11,830 |   |
|                                            |   |           |   |   |    |   |   |    |   |   |          |   |   |   |   |   |
| June 30, 2009:                                  |   |           |   |   |    |   |   |    |   |   |          |   |   |   |   |   |
|    Securities available for sale |   | $              | -      |   |    | $      | 9,528  |    |   | $      | -             |   |   | $ | 9,528 |   |

----

|           |   |                 |   |   |         |   |   |    |   |   | Fair Value        |   |
|----------------|--------|----------------------|--------|--------|--------------|--------|--------|---------|--------|--------|-------------------|--------|
|           |   |                 |   |   |         |   |   |    |   |   | Adjustments       |   |
|           |   |                 |   |   |         |   |   |    |   |   | For the Six       |   |
|           |   | At December 31, 2009 |   |   | Months Ended |   |
|           |   | Level 1              |   |   | Level 2      |   |   | Level 3 |   |   | December 31, 2009 |   |
|           |   | (In thousands)       |   |   |         |   |
|           |   |                 |   |   |         |   |   |    |   |   |              |   |
| Impaired loans |   | $                    | -      |   |         | $      | -      |    |   | $      | 76                |   |   | $ | 32 |   |
|           |   |                 |   |   |         |   |   |    |   |   |              |   |   |   |   |   |
|           |   |                 |   |   |         |   |   |    |   |   |              |   |   |   |   |   |
|           |   |                 |   |   |         |   |   |    |   |   |              |   |   | Fair Value |   |
|           |   |                 |   |   |         |   |   |    |   |   |              |   |   | Adjustments |   |
|           |   | At June 30, 2009     |   |   | Year Ended   |   |
|           |   | Level 1              |   |   | Level 2      |   |   | Level 3 |   |   | June 30, 2009     |   |
|           |   | (In thousands)       |   |   |         |   |   |
|           |   |                 |   |   |         |   |   |    |   |   |              |   |   |   |   |   |
| Impaired loans |   | $                    | -      |   |         | $      | -      |    |   | $      | 357               |   |   | $ | (51 | ) |

|                                                          |   | December 31, 2009 |    |   | June 30, 2009 |   |
|---------------------------------------------------------------|--------|-------------------|---------|--------|---------------|--------|
|                                                          |   | Carrying          |    |   | Fair          |   |   | Carrying |   |   | Fair |   |
|                                                          |   | Amount            |    |   | Value         |   |   | Amount |   |   | Value |   |
|                                                          |   | (In thousands)    |    |
| Financial assets:                                             |   |              |    |   |          |   |   |   |   |   |   |   |
|     Cash and cash equivalents             |   | $                 | 3,645   |   |          | $      | 3,645 |   |   | $ | 11,356 |   |   | $ | 11,356 |   |
|     Securities available for sale         |   |              | 11,830  |   |          |   | 11,830 |   |   |   | 9,528 |   |   |   | 9,528 |   |
|     Securities held to maturity           |   |              | 4,290   |   |          |   | 4,463 |   |   |   | 4,959 |   |   |   | 5,101 |   |
|     FHLB stock                            |   |              | 3,111   |   |          |   | 3,111 |   |   |   | 3,111 |   |   |   | 3,111 |   |
|     Loans held for sale                   |   |              | 521     |   |          |   | 521 |   |   |   | 269 |   |   |   | 274 |   |
|     Loans, net                            |   |              | 166,838 |   |          |   | 168,028 |   |   |   | 163,825 |   |   |   | 163,345 |   |
|     Accrued interest receivable           |   |              | 804     |   |          |   | 804 |   |   |   | 714 |   |   |   | 714 |   |
|     Capitalized mortgage servicing rights |   |              | 183     |   |          |   | 198 |   |   |   | 116 |   |   |   | 119 |   |
|                                                          |   |              |    |   |          |   |   |   |   |   |   |   |   |   |   |   |
| Financial liabilities:                                        |   |              |    |   |          |   |   |   |   |   |   |   |   |   |   |   |
|     Deposits                              |   |              | 136,630 |   |          |   | 138,024 |   |   |   | 141,126 |   |   |   | 143,018 |   |
|     Securities sold under agreements      |   |              |    |   |          |   |   |   |   |   |   |   |   |   |   |   |
|       to repurchase             |   |              | 417     |   |          |   | 417 |   |   |   | 520 |   |   |   | 520 |   |
|     Short-term FHLB advances              |   |              | 6,050   |   |          |   | 6,050 |   |   |   | - |   |   |   | - |   |
|     Long-term FHLB advances               |   |              | 36,740  |   |          |   | 37,371 |   |   |   | 40,268 |   |   |   | 40,967 |   |
|     Accrued interest payable              |   |              | 110     |   |          |   | 110 |   |   |   | 148 |   |   |   | 148 |   |

----

----

|                                                   |   | At                     |    |   | At       |   |
|--------------------------------------------------------|--------|------------------------|---------|--------|----------|--------|
|                                                   |   | December 31,           |    |   | June 30, |   |
|                                                   |   | 2009                   |    |   | 2009     |   |
|                                                   |   | Amount                 |    |   | Percent  |   |   | Amount |   |   | Percent |   |
|                                                   |   | (Dollars in thousands) |    |
|                                                   |   |                   |    |   |     |   |   |   |   |   |   |   |
| Residential loans:                                     |   |                   |    |   |     |   |   |   |   |   |   |   |
|     One-to-four family             |   | $                      | 77,350  |   |     |   | 45.96 | % |   | $ | 82,140 |   |   |   | 49.73 | % |
|     Home equity loans              |   |                   |    |   |     |   |   |   |   |   |   |   |   |   |   |   |
|      and lines of credit      |   |                   | 16,550  |   |     |   | 9.83 |   |   |   | 16,592 |   |   |   | 10.05 |   |
| Total residential mortgage loans                       |   |                   | 93,900  |   |     |   | 55.79 |   |   |   | 98,732 |   |   |   | 59.78 |   |
|                                                   |   |                   |    |   |     |   |   |   |   |   |   |   |   |   |   |   |
| Commercial loans:                                      |   |                   |    |   |     |   |   |   |   |   |   |   |   |   |   |   |
|     One-to-four family real estate |   |                   | 5,298   |   |     |   | 3.15 |   |   |   | 4,795 |   |   |   | 2.90 |   |
|     Multi-family real estate       |   |                   | 10,134  |   |     |   | 6.02 |   |   |   | 8,226 |   |   |   | 4.98 |   |
|     Commercial real estate         |   |                   | 25,523  |   |     |   | 15.16 |   |   |   | 21,525 |   |   |   | 13.04 |   |
|     Commercial                     |   |                   | 11,412  |   |     |   | 6.78 |   |   |   | 8,364 |   |   |   | 5.07 |   |
| Total commercial loans                                 |   |                   | 52,367  |   |     |   | 31.11 |   |   |   | 42,910 |   |   |   | 25.99 |   |
|                                                   |   |                   |    |   |     |   |   |   |   |   |   |   |   |   |   |   |
| Construction loans:                                    |   |                   |    |   |     |   |   |   |   |   |   |   |   |   |   |   |
|     One-to-four family             |   |                   | 9,594   |   |     |   | 5.70 |   |   |   | 13,327 |   |   |   | 8.07 |   |
|     Multi-family                   |   |                   | 6,732   |   |     |   | 4.00 |   |   |   | 2,786 |   |   |   | 1.69 |   |
|     Commercial real estate         |   |                   | 5,350   |   |     |   | 3.18 |   |   |   | 7,042 |   |   |   | 4.26 |   |
| Total construction loans                               |   |                   | 21,676  |   |     |   | 12.88 |   |   |   | 23,155 |   |   |   | 14.02 |   |
|                                                   |   |                   |    |   |     |   |   |   |   |   |   |   |   |   |   |   |
| Consumer                                               |   |                   | 374     |   |     |   | 0.22 |   |   |   | 353 |   |   |   | 0.21 |   |
|                                                   |   |                   |    |   |     |   |   |   |   |   |   |   |   |   |   |   |
| Total loans:                                           |   |                   | 168,317 |   |     |   | 100.00 | % |   |   | 165,150 |   |   |   | 100.00 | % |
|                                                   |   |                   |    |   |     |   |   |   |   |   |   |   |   |   |   |   |
| Other items:                                           |   |                   |    |   |     |   |   |   |   |   |   |   |   |   |   |   |
| Net deferred loan costs                                |   |                   | 115     |   |     |   |   |   |   |   | 130 |   |   |   |   |   |
| Allowance for loan losses                              |   |                   | (1,594  | )      |     |   |   |   |   |   | (1,455 | ) |   |   |   |   |
|                                                   |   |                   |    |   |     |   |   |   |   |   |   |   |   |   |   |   |
| Total loans, net                                       |   | $                      | 166,838 |   |     |   |   |   |   | $ | 163,825 |   |   |   |   |   |

----

|                                        |   | At December 31,        |   |   | At June 30, |   |
|---------------------------------------------|--------|------------------------|--------|--------|-------------|--------|
|                                        |   | 2009                   |   |   | 2009        |   |
|                                        |   | (Dollars in thousands) |   |
|                                        |   |                   |   |   |        |   |
| Non-accrual loans:                          |   |                   |   |   |        |   |
| Residential mortgage loans                  |   | $                      | 460    |   |        | $      | 671 |   |
| Commercial loans                            |   |                   | -      |   |        |   | - |   |
| Construction loans                          |   |                   | -      |   |        |   | 66 |   |
| Consumer                                    |   |                   | -      |   |        |   | - |   |
|                                        |   |                   |   |   |        |   |   |   |
| Total non-accrual loans                     |   |                   | 460    |   |        |   | 737 |   |
|                                        |   |                   |   |   |        |   |   |   |
| Loans greater than 90 days delinquent       |   |                   |   |   |        |   |   |   |
| and still accruing:                         |   |                   |   |   |        |   |   |   |
| Residential mortgage loans                  |   |                   | -      |   |        |   | - |   |
| Commercial loans                            |   |                   | -      |   |        |   | - |   |
| Construction loans                          |   |                   | -      |   |        |   | - |   |
| Consumer                                    |   |                   | -      |   |        |   | - |   |
|                                        |   |                   |   |   |        |   |   |   |
| Total loans greater than 90 days delinquent |   |                   |   |   |        |   |   |   |
|    and still accruing        |   |                   | -      |   |        |   | - |   |
|                                        |   |                   |   |   |        |   |   |   |
| Restructured loans                          |   |                   | 213    |   |        |   | - |   |
|                                        |   |                   |   |   |        |   |   |   |
| Total non-performing loans                  |   |                   | 673    |   |        |   | 737 |   |
|                                        |   |                   |   |   |        |   |   |   |
| Real estate owned                           |   |                   | 66     |   |        |   | - |   |
|                                        |   |                   |   |   |        |   |   |   |
| Total non-performing assets                 |   | $                      | 739    |   |        | $      | 737 |   |
|                                        |   |                   |   |   |        |   |   |   |
| Ratios:                                     |   |                   |   |   |        |   |   |   |
| Non-performing loans to total loans         |   |                   | 0.40   | %      |        |   | 0.45 | % |
| Non-performing assets to total assets       |   |                   | 0.37   | %      |        |   | 0.37 | % |

----

----

----

|                                                        |   | At December 31, |    |   | Three Months Ended December 31, |   |
|-------------------------------------------------------------|--------|-----------------|---------|--------|---------------------------------|--------|
|                                                        |   | 2009            |    |   | 2009                            |   |   | 2008 |   |
|                                                        |   |            |    |   | Weighted                        |   |   | Average |   |   |   |   |   |   |   |   | Average |   |   |   |   |   |   |   |
|                                                        |   | Outstanding     |    |   | Average                         |   |   | Outstanding |   |   |   |   |   | Yield/ |   |   | Outstanding |   |   |   |   |   | Yield/ |   |
|                                                        |   | Balance         |    |   | Rate                            |   |   | Balance |   |   | Interest |   |   | Rate |   |   | Balance |   |   | Interest |   |   | Rate |   |
|                                                        |   |            |    |   |                            |   |   | (Dollars in thousands) |   |
| Interest-earning assets:                                    |   |            |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans                                                       |   | $               | 168,953 |   |                            |   | 5.91 | % |   | $ | 164,834 |   |   | $ | 2,457 |   |   |   | 5.96 | % |   | $ | 160,573 |   |   | $ | 2,463 |   |   |   | 6.14 | % |
| Investment securities (1)                                   |   |            | 19,231  |   |                            |   | 3.38 | % |   |   | 19,167 |   |   |   | 164 |   |   |   | 3.42 | % |   |   | 20,946 |   |   |   | 222 |   |   |   | 4.24 | % |
| Short-term investments                                      |   |            | 1,587   |   |                            |   | 0.05 | % |   |   | 1,702 |   |   |   | 1 |   |   |   | 0.24 | % |   |   | 874 |   |   |   | 1 |   |   |   | 0.46 | % |
|      Total interest-earning assets |   |            | 189,771 |   |                            |   | 5.60 | % |   |   | 185,703 |   |   |   | 2,622 |   |   |   | 5.65 | % |   |   | 182,393 |   |   |   | 2,686 |   |   |   | 5.89 | % |
| Non-interest-earning assets                                 |   |            | 9,556   |   |                            |   |   |   |   |   | 9,415 |   |   |   | - |   |   |   |   |   |   |   | 11,266 |   |   |   | - |   |   |   |   |   |
| Total assets                                                |   | $               | 199,327 |   |                            |   |   |   |   | $ | 195,118 |   |   |   | 2,622 |   |   |   |   |   |   | $ | 193,659 |   |   |   | 2,686 |   |   |   |   |   |
|                                                        |   |            |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing liabilities:                               |   |            |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Savings deposits                                            |   | $               | 11,746  |   |                            |   | 0.15 | % |   | $ | 11,479 |   |   | $ | 3 |   |   |   | 0.10 | % |   | $ | 10,034 |   |   | $ | 3 |   |   |   | 0.12 | % |
| NOW accounts                                                |   |            | 11,437  |   |                            |   | 0.17 | % |   |   | 10,407 |   |   |   | 2 |   |   |   | 0.08 | % |   |   | 9,473 |   |   |   | 3 |   |   |   | 0.13 | % |
| Money market accounts                                       |   |            | 39,530  |   |                            |   | 0.92 | % |   |   | 40,750 |   |   |   | 94 |   |   |   | 0.92 | % |   |   | 36,441 |   |   |   | 224 |   |   |   | 2.46 | % |
| Certificates of deposit                                     |   |            | 57,442  |   |                            |   | 2.80 | % |   |   | 56,325 |   |   |   | 437 |   |   |   | 3.10 | % |   |   | 48,424 |   |   |   | 423 |   |   |   | 3.49 | % |
| Total interest-bearing deposits                             |   |            | 120,155 |   |                            |   | 1.67 | % |   |   | 118,961 |   |   |   | 536 |   |   |   | 1.80 | % |   |   | 104,372 |   |   |   | 653 |   |   |   | 2.50 | % |
| FHLB advances                                               |   |            | 42,790  |   |                            |   | 3.38 | % |   |   | 39,051 |   |   |   | 377 |   |   |   | 3.86 | % |   |   | 56,332 |   |   |   | 550 |   |   |   | 3.91 | % |
| Repurchase agreements                                       |   |            | 417     |   |                            |   | 0.50 | % |   |   | 510 |   |   |   | - |   |   |   | 0.00 | % |   |   | 506 |   |   |   | 1 |   |   |   | 0.79 | % |
|     Total interest-bearing liabilities  |   |            | 163,362 |   |                            |   | 2.11 | % |   |   | 158,522 |   |   |   | 913 |   |   |   | 2.30 | % |   |   | 161,210 |   |   |   | 1,204 |   |   |   | 2.99 | % |
| Non-interest-bearing liabilities:                           |   |            |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Demand deposits                                             |   |            | 16,475  |   |                            |   |   |   |   |   | 17,501 |   |   |   |   |   |   |   |   |   |   |   | 14,021 |   |   |   |   |   |   |   |   |   |
| Other non-interest-bearing liabilities                      |   |            | 1,844   |   |                            |   |   |   |   |   | 1,520 |   |   |   |   |   |   |   |   |   |   |   | 1,425 |   |   |   |   |   |   |   |   |   |
| Total liabilities                                           |   |            | 181,681 |   |                            |   |   |   |   |   | 177,543 |   |   |   |   |   |   |   |   |   |   |   | 176,656 |   |   |   |   |   |   |   |   |   |
| Stockholders' equity                                        |   |            | 17,646  |   |                            |   |   |   |   |   | 17,575 |   |   |   |   |   |   |   |   |   |   |   | 17,003 |   |   |   |   |   |   |   |   |   |
|      Total liabilities and equity  |   | $               | 199,327 |   |                            |   |   |   |   | $ | 195,118 |   |   |   |   |   |   |   |   |   |   | $ | 193,659 |   |   |   |   |   |   |   |   |   |
|                                                        |   |            |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net interest income                                         |   |            |    |   |                            |   |   |   |   |   |   |   |   | $ | 1,709 |   |   |   |   |   |   |   |   |   |   | $ | 1,482 |   |   |   |   |   |
| Net interest rate spread (2)                                |   |            |    |   |                            |   | 3.49 | % |   |   |   |   |   |   |   |   |   |   | 3.35 | % |   |   |   |   |   |   |   |   |   |   | 2.90 | % |
| Net interest-earning assets (3)                             |   | $               | 26,409  |   |                            |   |   |   |   | $ | 27,181 |   |   |   |   |   |   |   |   |   |   | $ | 21,183 |   |   |   |   |   |   |   |   |   |
| Net interest margin (4)                                     |   |            |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |   |   | 3.68 | % |   |   |   |   |   |   |   |   |   |   | 3.25 | % |
| Average of interest-earning                                 |   |            |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      assets to interest-bearing    |   |            |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|       liabilities             |   |            |    |   |                            |   | 116.17 | % |   |   |   |   |   |   |   |   |   |   | 117.15 | % |   |   |   |   |   |   |   |   |   |   | 113.14 | % |
|                                                        |   |            |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
| (1)  Consists entirely of taxable investment securities.                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (2)  Net interest rate spread represents the difference between the yield on average interest-earning assets and the cost of average |   |   |   |   |   |   |
|        interest-bearing liabilities.                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (3)  Net interest-earning assets represents total interest-earning assets less total interest-bearing liabilities.                   |   |   |   |   |   |   |   |   |
| (4)  Net interest margin represents net interest income divided by average total interest-earning assets.                            |   |   |   |   |   |   |   |   |
|                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                        |   | For the Three Months Ended December 31, 2009 |   |
|-------------------------------------------------------------|--------|----------------------------------------------|--------|
|                                                        |   | Compared to the Three Months Ended           |   |
|                                                        |   | December 31, 2008                            |   |
|                                                        |   | Increase (Decrease) Due to                   |   |   |   |   |
|                                                        |   | Volume                                       |   |   | Rate |   |   | Net |   |
|                                                        |   | (In thousands)                               |   |
|                                                        |   |                                         |   |   |   |   |   |   |   |
| Interest-earning assets:                                    |   |                                         |   |   |   |   |   |   |   |
| Loans                                                       |   | $                                            | 65     |   |   | $ | (71 | ) |   | $ | (6 | ) |
| Investment securities                                       |   |                                         | (19    | ) |   |   | (39 | ) |   |   | (58 | ) |
| Short-term investments                                      |   |                                         | 1      |   |   |   | (1 | ) |   |   | - |   |
|                                                        |   |                                         |   |   |   |   |   |   |   |   |   |   |
|      Total interest-earning assets |   |                                         | 47     |   |   |   | (111 | ) |   |   | (64 | ) |
|                                                        |   |                                         |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing liabilities:                               |   |                                         |   |   |   |   |   |   |   |   |   |   |
| Savings deposits                                            |   |                                         | -      |   |   |   | - |   |   |   | - |   |
| NOW accounts                                                |   |                                         | -      |   |   |   | (1 | ) |   |   | (1 | ) |
| Money market accounts                                       |   |                                         | 26     |   |   |   | (156 | ) |   |   | (130 | ) |
| Certificates of deposit                                     |   |                                         | 69     |   |   |   | (55 | ) |   |   | 14 |   |
|                                                        |   |                                         |   |   |   |   |   |   |   |   |   |   |
| Total interest-bearing deposits                             |   |                                         | 95     |   |   |   | (212 | ) |   |   | (117 | ) |
|                                                        |   |                                         |   |   |   |   |   |   |   |   |   |   |
| FHLB advances                                               |   |                                         | (169   | ) |   |   | (4 | ) |   |   | (173 | ) |
| Repurchase agreements                                       |   |                                         | -      |   |   |   | (1 | ) |   |   | (1 | ) |
|                                                        |   |                                         |   |   |   |   |   |   |   |   |   |   |
|     Total interest-bearing liabilities  |   |                                         | (74    | ) |   |   | (217 | ) |   |   | (291 | ) |
|                                                        |   |                                         |   |   |   |   |   |   |   |   |   |   |
| Change in net interest income                               |   | $                                            | 121    |   |   | $ | 106 |   |   | $ | 227 |   |

----

----

|                                                        |   | At December 31, |    |   | Six Months Ended December 31, |   |
|-------------------------------------------------------------|--------|-----------------|---------|--------|-------------------------------|--------|
|                                                        |   | 2009            |    |   | 2009                          |   |   | 2008 |   |
|                                                        |   |            |    |   | Weighted                      |   |   | Average |   |   |   |   |   |   |   |   | Average |   |   |   |   |   |   |   |
|                                                        |   | Outstanding     |    |   | Average                       |   |   | Outstanding |   |   |   |   |   | Yield/ |   |   | Outstanding |   |   |   |   |   | Yield/ |   |
|                                                        |   | Balance         |    |   | Rate                          |   |   | Balance |   |   | Interest |   |   | Rate |   |   | Balance |   |   | Interest |   |   | Rate |   |
|                                                        |   |            |    |   |                          |   |   | (Dollars in thousands) |   |
| Interest-earning assets:                                    |   |            |    |   |                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans                                                       |   | $               | 168,953 |   |                          |   | 5.91 | % |   | $ | 164,703 |   |   | $ | 4,917 |   |   |   | 5.97 | % |   | $ | 156,646 |   |   | $ | 4,785 |   |   |   | 6.11 | % |
| Investment securities (1)                                   |   |            | 19,231  |   |                          |   | 3.38 | % |   |   | 18,476 |   |   |   | 316 |   |   |   | 3.42 | % |   |   | 20,900 |   |   |   | 445 |   |   |   | 4.26 | % |
| Short-term investments                                      |   |            | 1,587   |   |                          |   | 0.05 | % |   |   | 2,336 |   |   |   | 1 |   |   |   | 0.09 | % |   |   | 970 |   |   |   | 6 |   |   |   | 1.24 | % |
|      Total interest-earning assets |   |            | 189,771 |   |                          |   | 5.60 | % |   |   | 185,515 |   |   |   | 5,234 |   |   |   | 5.64 | % |   |   | 178,516 |   |   |   | 5,236 |   |   |   | 5.87 | % |
| Non-interest-earning assets                                 |   |            | 9,556   |   |                          |   |   |   |   |   | 11,077 |   |   |   | - |   |   |   |   |   |   |   | 10,747 |   |   |   | - |   |   |   |   |   |
| Total assets                                                |   | $               | 199,327 |   |                          |   |   |   |   | $ | 196,592 |   |   |   | 5,234 |   |   |   |   |   |   | $ | 189,263 |   |   |   | 5,236 |   |   |   |   |   |
|                                                        |   |            |    |   |                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing liabilities:                               |   |            |    |   |                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Savings deposits                                            |   | $               | 11,746  |   |                          |   | 0.15 | % |   | $ | 11,240 |   |   | $ | 7 |   |   |   | 0.12 | % |   | $ | 10,117 |   |   | $ | 6 |   |   |   | 0.12 | % |
| NOW accounts                                                |   |            | 11,437  |   |                          |   | 0.17 | % |   |   | 10,461 |   |   |   | 3 |   |   |   | 0.06 | % |   |   | 9,248 |   |   |   | 6 |   |   |   | 0.13 | % |
| Money market accounts                                       |   |            | 39,530  |   |                          |   | 0.92 | % |   |   | 43,068 |   |   |   | 232 |   |   |   | 1.08 | % |   |   | 35,614 |   |   |   | 435 |   |   |   | 2.44 | % |
| Certificates of deposit                                     |   |            | 57,442  |   |                          |   | 2.80 | % |   |   | 56,452 |   |   |   | 911 |   |   |   | 3.23 | % |   |   | 43,698 |   |   |   | 769 |   |   |   | 3.52 | % |
| Total interest-bearing deposits                             |   |            | 120,155 |   |                          |   | 1.67 | % |   |   | 121,221 |   |   |   | 1,153 |   |   |   | 1.90 | % |   |   | 98,677 |   |   |   | 1,216 |   |   |   | 2.46 | % |
| FHLB advances                                               |   |            | 42,790  |   |                          |   | 3.38 | % |   |   | 39,006 |   |   |   | 790 |   |   |   | 4.05 | % |   |   | 57,789 |   |   |   | 1,154 |   |   |   | 3.99 | % |
| Repurchase agreements                                       |   |            | 417     |   |                          |   | 0.50 | % |   |   | 529 |   |   |   | 1 |   |   |   | 0.38 | % |   |   | 581 |   |   |   | 2 |   |   |   | 0.69 | % |
|     Total interest-bearing liabilities  |   |            | 163,362 |   |                          |   | 2.11 | % |   |   | 160,756 |   |   |   | 1,944 |   |   |   | 2.42 | % |   |   | 157,047 |   |   |   | 2,372 |   |   |   | 3.02 | % |
| Non-interest-bearing liabilities:                           |   |            |    |   |                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Demand deposits                                             |   |            | 16,475  |   |                          |   |   |   |   |   | 16,840 |   |   |   |   |   |   |   |   |   |   |   | 13,821 |   |   |   |   |   |   |   |   |   |
| Other non-interest-bearing liabilities                      |   |            | 1,844   |   |                          |   |   |   |   |   | 1,496 |   |   |   |   |   |   |   |   |   |   |   | 1,396 |   |   |   |   |   |   |   |   |   |
| Total liabilities                                           |   |            | 181,681 |   |                          |   |   |   |   |   | 179,092 |   |   |   |   |   |   |   |   |   |   |   | 172,264 |   |   |   |   |   |   |   |   |   |
| Stockholders' equity                                        |   |            | 17,646  |   |                          |   |   |   |   |   | 17,500 |   |   |   |   |   |   |   |   |   |   |   | 16,999 |   |   |   |   |   |   |   |   |   |
|      Total liabilities and equity  |   | $               | 199,327 |   |                          |   |   |   |   | $ | 196,592 |   |   |   |   |   |   |   |   |   |   | $ | 189,263 |   |   |   |   |   |   |   |   |   |
|                                                        |   |            |    |   |                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net interest income                                         |   |            |    |   |                          |   |   |   |   |   |   |   |   | $ | 3,290 |   |   |   |   |   |   |   |   |   |   | $ | 2,864 |   |   |   |   |   |
| Net interest rate spread (2)                                |   |            |    |   |                          |   | 3.49 | % |   |   |   |   |   |   |   |   |   |   | 3.22 | % |   |   |   |   |   |   |   |   |   |   | 2.85 | % |
| Net interest-earning assets (3)                             |   | $               | 26,409  |   |                          |   |   |   |   | $ | 24,759 |   |   |   |   |   |   |   |   |   |   | $ | 21,469 |   |   |   |   |   |   |   |   |   |
| Net interest margin (4)                                     |   |            |    |   |                          |   |   |   |   |   |   |   |   |   |   |   |   |   | 3.55 | % |   |   |   |   |   |   |   |   |   |   | 3.21 | % |
| Average of interest-earning                                 |   |            |    |   |                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      assets to interest-bearing    |   |            |    |   |                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|       liabilities             |   |            |    |   |                          |   | 116.17 | % |   |   |   |   |   |   |   |   |   |   | 115.40 | % |   |   |   |   |   |   |   |   |   |   | 113.67 | % |
|                                                        |   |            |    |   |                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
| (1)  Consists entirely of taxable investment securities.                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (2)  Net interest rate spread represents the difference between the yield on average interest-earning assets and the cost of average |   |   |   |   |   |   |
|        interest-bearing liabilities.                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (3)  Net interest-earning assets represents total interest-earning assets less total interest-bearing liabilities.                   |   |   |   |   |   |   |   |   |
| (4)  Net interest margin represents net interest income divided by average total interest-earning assets.                            |   |   |   |   |   |   |   |   |
|                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                        |   | For the Six Months Ended December 31, 2009 |   |
|-------------------------------------------------------------|--------|--------------------------------------------|--------|
|                                                        |   | Compared to the Six Months Ended           |   |
|                                                        |   | December 31, 2008                          |   |
|                                                        |   | Increase (Decrease) Due to                 |   |   |   |   |
|                                                        |   | Volume                                     |   |   | Rate |   |   | Net |   |
|                                                        |   | (In thousands)                             |   |
|                                                        |   |                                       |   |   |   |   |   |   |   |
| Interest-earning assets:                                    |   |                                       |   |   |   |   |   |   |   |
| Loans                                                       |   | $                                          | 246    |   |   | $ | (114 | ) |   | $ | 132 |   |
| Investment securities                                       |   |                                       | (52    | ) |   |   | (77 | ) |   |   | (129 | ) |
| Short-term investments                                      |   |                                       | 8      |   |   |   | (13 | ) |   |   | (5 | ) |
|                                                        |   |                                       |   |   |   |   |   |   |   |   |   |   |
|      Total interest-earning assets |   |                                       | 202    |   |   |   | (204 | ) |   |   | (2 | ) |
|                                                        |   |                                       |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing liabilities:                               |   |                                       |   |   |   |   |   |   |   |   |   |   |
| Savings deposits                                            |   |                                       | 1      |   |   |   | - |   |   |   | 1 |   |
| NOW accounts                                                |   |                                       | 1      |   |   |   | (4 | ) |   |   | (3 | ) |
| Money market accounts                                       |   |                                       | 91     |   |   |   | (294 | ) |   |   | (203 | ) |
| Certificates of deposit                                     |   |                                       | 224    |   |   |   | (82 | ) |   |   | 142 |   |
|                                                        |   |                                       |   |   |   |   |   |   |   |   |   |   |
| Total interest-bearing deposits                             |   |                                       | 317    |   |   |   | (380 | ) |   |   | (63 | ) |
|                                                        |   |                                       |   |   |   |   |   |   |   |   |   |   |
| FHLB advances                                               |   |                                       | (375   | ) |   |   | 11 |   |   |   | (364 | ) |
| Repurchase agreements                                       |   |                                       | -      |   |   |   | (1 | ) |   |   | (1 | ) |
|                                                        |   |                                       |   |   |   |   |   |   |   |   |   |   |
|     Total interest-bearing liabilities  |   |                                       | (58    | ) |   |   | (370 | ) |   |   | (428 | ) |
|                                                        |   |                                       |   |   |   |   |   |   |   |   |   |   |
| Change in net interest income                               |   | $                                          | 260    |   |   | $ | 166 |   |   | $ | 426 |   |

----

----

|   | a) Not applicable |
|--------|-------------------|

|   | b) Not applicable |
|--------|-------------------|

|   | c) The Company did not repurchase any shares during the quarter ended December 31, 2009. |
|--------|------------------------------------------------------------------------------------------|

|   | None |
|--------|------|

| Election to the Board of Directors | For       | Withheld |
|------------------------------------|-----------|----------|
|                               |      |     |
| Anthony S. Conte, Jr.              | 2,379,144 | 124,578  |
|                               |      |     |
| Marybeth McInnis                   | 2,377,620 | 126,102  |
|                               |      |     |
| John H. Yeaton                     | 2,377,720 | 126,002  |
|                               |      |     |
| Mary L. Williams                   | 2,379,044 | 124,678  |

----

| The Approval of the Georgetown Bancorp, Inc. 2009 Equity Incentive Plan                                                       |
|------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                               |   |   |   |   |
|                                                                                                                               | Abstain  | For  | Against  | Broker non-vote  |
|                                                                                                                               |   |   |   |   |
| Number of votes                                                                                                               | 7,100  | 1,990,435  | 249,625  | 256,562  |
|                                                                                                                               |   |   |   |   |
| Ratification of appointment of Wolf & Company, P.C. as auditors for the Company for the fiscal year ending June 30, 2010  |
|                                                                                                                               |
|                                                                                                                               | Abstain  | For  | Against  | Broker non-vote  |
|                                                                                                                               |   |   |   |   |
| Number of votes                                                                                                               | 2,850  | 2,498,701  | 2,171  | 0  |

|   | a)  Not applicable |
|--------|------------------------------|

| 31.1 | Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act                             |
|------|------------------------------------------------------------------------------------------------------------------------|
| 31.2 | Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act                             |
| 32   | Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act |

----

|                    | GEORGETOWN BANCORP, INC.                   (Registrant)     |
|-------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Date: February 11, 2010 | /s/ Robert E. Balletto                                                                                                                                                         |
|                    | Robert E. Balletto                                                                                                                                                             |
|                    | President and Chief Executive Officer                                                                                                                                          |
|                    | (Principal Executive Officer)                                                                                                                                                  |
|                    |                                                                                                                                                                           |
|                    |                                                                                                                                                                           |
|                    | /s/ Joseph W. Kennedy                                                                                                                                                          |
|                    | Joseph W. Kennedy                                                                                                                                                              |
|                    | Senior Vice President, Chief Financial Officer and Treasurer                                                                                                                   |
|                    | (Principal Accounting and Financial Officer)                                                                                                                                   |