----

----

|            |                                                                                                                                                               |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (Mark      One) |
|            |                                                                                                                                                               |
| x               | QUARTERLY      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE      ACT OF 1934                                                             |
|            | For      the quarterly period ended June 30, 2009                                                                                                             |
|            | OR                                                                                                                                                                 |
| o               | TRANSITION      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE      ACT OF 1934                                                            |
|            | For      the transition period      from                    to |
|            | Commission      file number: 000-51214                                                                                                                             |

| Pennsylvania                                                        | 68-0593604                                |
|---------------------------------------------------------------------|-------------------------------------------|
| (State      or Other Jurisdiction of Incorporation or Organization) | (I.R.S.      Employer Identification No.) |
| 1834      Oregon Avenue                                             |                                      |
| Philadelphia,      Pennsylvania                                     | 19145                                     |
| (Address      of Principal Executive Offices)                       | (Zip      Code)                           |
| (215)      755-1500                                                 |
| (Registrant’s      Telephone Number, Including AreaCode)      |

|   | o      Yes   o No |
|--------|---------------------------------------|

|                                                                          |                             |
|-------------------------------------------------------------------------------|----------------------------------|
| Large      accelerated filer o                                                | Accelerated      filer o         |
| Non-accelerated      filer o (Do      not check if smaller reporting company) | Smaller      reporting company x |

|   | o      Yes   x No |
|--------|---------------------------------------|

----

|         |                        |                                                                                                                                                                              |   |   |   |
|--------------|-----------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|
|         |                        |                                                                                                                                                                              |   | PAGE   |
|         |                        |                                                                                                                                                                              |   |   |   |
| PART      I  | FINANCIAL      INFORMATION: |                                                                                                                                                                              |   |   |
|         |                        |                                                                                                                                                                              |   |   |   |
|         | Item      1.                | Consolidated      Financial Statements                                                                                                                                            |   |   |   |
|         |                        |                                                                                                                                                                              |   |   |   |
|         |                        | Unaudited      Consolidated Statements of Financial Condition June 30, 2009 and September      30, 2008 (as restated)                                                             |   | 2      |   |
|         |                        |                                                                                                                                                                              |   |   |   |
|         |                        | Unaudited      Consolidated Statements of Operations for the Three And Nine Months Ended      June 30, 2009 and 2008 (as restated)                                                |   | 3      |   |
|         |                        |                                                                                                                                                                              |   |   |   |
|         |                        | Unaudited      Consolidated Statements of Changes in Stockholders’ Equity and      Comprehensive Income for the Nine Months Ended June 30, 2009 and 2008 (as      restated) |   | 4      |   |
|         |                        |                                                                                                                                                                              |   |   |   |
|         |                        | Unaudited      Consolidated Statements of Cash Flows for the Nine Months Ended June 30,      2009 and 2008 (as restated)                                                          |   | 5      |   |
|         |                        |                                                                                                                                                                              |   |   |   |
|         |                        | Notes      to Unaudited Consolidated Financial Statements                                                                                                                         |   | 6      |   |
|         |                        |                                                                                                                                                                              |   |   |   |
|         | Item      2.                | Management’s      Discussion and Analysis of Financial Condition and Results of      Operations                                                                             |   | 29     |   |
|         |                        |                                                                                                                                                                              |   |   |   |
|         | Item      3.                | Quantitative      and Qualitative Disclosures About Market Risk                                                                                                                   |   | 40     |   |
|         |                        |                                                                                                                                                                              |   |   |   |
|         | Item      4T.               | Controls      and Procedures                                                                                                                                                      |   | 43     |   |
|         |                        |                                                                                                                                                                              |   |   |   |
| PART      II | OTHER      INFORMATION      |                                                                                                                                                                              |   |   |
|         |                        |                                                                                                                                                                              |   |   |   |
|         | Item      1.                | Legal      Proceedings                                                                                                                                                            |   | 44     |   |
|         |                        |                                                                                                                                                                              |   |   |   |
|         | Item      1A.               | Risk      Factors                                                                                                                                                                 |   | 44     |   |
|         |                        |                                                                                                                                                                              |   |   |   |
|         | Item      2.                | Unregistered      Sales of Equity Securities and Use of Proceeds                                                                                                                  |   | 44     |   |
|         |                        |                                                                                                                                                                              |   |   |   |
|         | Item      3.                | Defaults      Upon Senior Securities                                                                                                                                              |   | 45     |   |
|         |                        |                                                                                                                                                                              |   |   |   |
|         | Item      4.                | Submission      of Matters to a Vote of Security Holders                                                                                                                          |   | 45     |   |
|         |                        |                                                                                                                                                                              |   |   |   |
|         | Item      5.                | Other      Information                                                                                                                                                            |   | 45     |   |
|         |                        |                                                                                                                                                                              |   |   |   |
|         | Item      6.                | Exhibits                                                                                                                                                                          |   | 45     |   |
|         |                        |                                                                                                                                                                              |   |   |   |
|         | SIGNATURES                  |                                                                                                                                                                              | 46     |   |

----

| PRUDENTIAL      BANCORP, INC. OF PENNSYLVANIA AND SUBSIDIARIES |
|----------------------------------------------------------------|
|                                                           |
| UNAUDITED      CONSOLIDATED STATEMENTS OF FINANCIALCONDITION   |

|                                                                                                                                                                      |   | June      30,2009           |    |   | September      30,2008(as      restatedSee      Note 10) |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------|---------|--------|----------------------------------------------------------|--------|
|                                                                                                                                                                      |   | (Dollars      in Thousands) |    |
| ASSETS                                                                                                                                                                    |   |                        |    |   |                                                     |   |
| Cash      and amounts due from depository institutions                                                                                                                    |   | $                           | 5,164   |   |                                                     | $      | 4,318 |   |
| Interest-bearing      deposits                                                                                                                                            |   |                        | 11,010  |   |                                                     |   | 5,136 |   |
|                                                                                                                                                                      |   |                        |    |   |                                                     |   |   |   |
| Total      cash and cash equivalents                                                                                                                                      |   |                        | 16,174  |   |                                                     |   | 9,454 |   |
| Investment      and mortgage-backed securities held to maturity (estimated fair value—June      30, 2009, $166,447; September 30, 2008, $160,522)                   |   |                        | 166,346 |   |                                                     |   | 163,303 |   |
| Investment      and mortgage-backed securities available for sale (amortized cost—June 30,      2009, $59,217; September 30, 2008, $56,152)                         |   |                        | 56,926  |   |                                                     |   | 55,106 |   |
| Loans      receivable—net of allowance for loan losses (June 30, 2009, $2,502;      September 30, 2008, $1,591)                                                     |   |                        | 252,615 |   |                                                     |   | 243,969 |   |
| Accrued      interest receivable:                                                                                                                                         |   |                        |    |   |                                                     |   |   |   |
| Loans      receivable                                                                                                                                                     |   |                        | 1,335   |   |                                                     |   | 1,291 |   |
| Mortgage-backed      securities                                                                                                                                           |   |                        | 384     |   |                                                     |   | 393 |   |
| Investment      securities                                                                                                                                                |   |                        | 1,623   |   |                                                     |   | 1,493 |   |
| Real      estate owned                                                                                                                                                    |   |                        | 4,444   |   |                                                     |   | 1,488 |   |
| Federal      Home Loan Bank stock—at cost                                                                                                                           |   |                        | 3,545   |   |                                                     |   | 2,620 |   |
| Office      properties and equipment—net                                                                                                                            |   |                        | 1,953   |   |                                                     |   | 2,182 |   |
| Prepaid      expenses and other assets                                                                                                                                    |   |                        | 7,047   |   |                                                     |   | 7,147 |   |
| Deferred      tax asset-net                                                                                                                                               |   |                        | 2,338   |   |                                                     |   | 1,091 |   |
| TOTAL      ASSETS                                                                                                                                                         |   | $                           | 514,730 |   |                                                     | $      | 489,537 |   |
|                                                                                                                                                                      |   |                        |    |   |                                                     |   |   |   |
| LIABILITIES      AND STOCKHOLDERS’ EQUITY                                                                                                                           |   |                        |    |   |                                                     |   |   |   |
|                                                                                                                                                                      |   |                        |    |   |                                                     |   |   |   |
| LIABILITIES:                                                                                                                                                              |   |                        |    |   |                                                     |   |   |   |
| Deposits:                                                                                                                                                                 |   |                        |    |   |                                                     |   |   |   |
| Noninterest-bearing                                                                                                                                                       |   | $                           | 2,766   |   |                                                     | $      | 4,327 |   |
| Interest-bearing                                                                                                                                                          |   |                        | 429,451 |   |                                                     |   | 372,503 |   |
| Total      deposits                                                                                                                                                       |   |                        | 432,217 |   |                                                     |   | 376,830 |   |
| Advances      from Federal Home Loan Bank                                                                                                                                 |   |                        | 19,670  |   |                                                     |   | 31,701 |   |
| Accrued      interest payable                                                                                                                                             |   |                        | 3,100   |   |                                                     |   | 3,471 |   |
| Advances      from borrowers for taxes and insurance                                                                                                                      |   |                        | 1,919   |   |                                                     |   | 1,348 |   |
| Accounts      payable and accrued expenses                                                                                                                                |   |                        | 2,761   |   |                                                     |   | 7,169 |   |
| Accrued      dividend payable                                                                                                                                             |   |                        | 491     |   |                                                     |   | 531 |   |
| Total      liabilities                                                                                                                                                    |   |                        | 460,158 |   |                                                     |   | 421,050 |   |
|                                                                                                                                                                      |   |                        |    |   |                                                     |   |   |   |
| COMMITMENTS      AND CONTINGENCIES (Note 8)                                                                                                                               |   |                        |    |   |                                                     |   |   |   |
|                                                                                                                                                                      |   |                        |    |   |                                                     |   |   |   |
| STOCKHOLDERS’      EQUITY:                                                                                                                                          |   |                        |    |   |                                                     |   |   |   |
| Preferred      stock, $.01 par value, 10,000,000 shares authorized, none      issued                                                                                      |   |                        | — |   |                                                     |   | — |   |
| Common      stock, $.01 par value, 40,000,000 shares authorized, issued 12,563,750;      outstanding - 10,331,866 at June 30, 2009: 11,069,866 at September 30,      2008 |   |                        | 126     |   |                                                     |   | 126 |   |
| Additional      paid-in capital                                                                                                                                           |   |                        | 52,775  |   |                                                     |   | 54,925 |   |
| Unearned      ESOP shares                                                                                                                                                 |   |                        | (3,513  | )      |                                                     |   | (3,680 | ) |
| Treasury      stock, at cost: 2,231,884 shares at June 30, 2009: 1,493,884 shares at      September 30, 2008                                                              |   |                        | (28,652 | )      |                                                     |   | (19,481 | ) |
| Retained      earnings                                                                                                                                                    |   |                        | 35,348  |   |                                                     |   | 37,288 |   |
| Accumulated      other comprehensive loss                                                                                                                                 |   |                        | (1,512  | )      |                                                     |   | (691 | ) |
|                                                                                                                                                                      |   |                        |    |   |                                                     |   |   |   |
| Total      stockholders’ equity                                                                                                                                     |   |                        | 54,572  |   |                                                     |   | 68,487 |   |
|                                                                                                                                                                      |   |                        |    |   |                                                     |   |   |   |
| TOTAL      LIABILITIES AND STOCKHOLDERS’ EQUITY                                                                                                                     |   | $                           | 514,730 |   |                                                     | $      | 489,537 |   |

----

| PRUDENTIAL      BANCORP, INC. OF PENNSYLVANIA AND SUBSIDIARIES |
|----------------------------------------------------------------|
|                                                           |
| UNAUDITED      CONSOLIDATED STATEMENTS OFOPERATIONS            |

|                                                                           |   | Three      Months EndedJune      30,                     |    |   | Nine      Months EndedJune      30,                      |   |
|--------------------------------------------------------------------------------|--------|----------------------------------------------------------|---------|--------|----------------------------------------------------------|--------|
|                                                                           |   | 2009                                                     |    |   | 2008(as      restatedsee      Note 10)                   |   |   | 2009 |   |   | 2008(as      restatedsee      Note 10) |   |
|                                                                           |   | (Dollars      in Thousands Except PerShare      Amounts) |    |   | (Dollars      in Thousands Except PerShare      Amounts) |   |
| INTEREST      INCOME:                                                          |   |                                                     |    |   |                                                     |   |   |   |   |   |   |   |
| Interest      on loans                                                         |   | $                                                        | 3,806   |   |                                                     | $      | 3,539 |   |   | $ | 11,396 |   |   | $ | 10,764 |   |
| Interest      on mortgage-backed securities                                    |   |                                                     | 1,329   |   |                                                     |   | 895 |   |   |   | 4,648 |   |   |   | 2,375 |   |
| Interest      and dividends on investments                                     |   |                                                     | 1,485   |   |                                                     |   | 2,031 |   |   |   | 4,708 |   |   |   | 6,552 |   |
|                                                                           |   |                                                     |    |   |                                                     |   |   |   |   |   |   |   |   |   |   |   |
| Total      interest income                                                     |   |                                                     | 6,620   |   |                                                     |   | 6,465 |   |   |   | 20,752 |   |   |   | 19,691 |   |
|                                                                           |   |                                                     |    |   |                                                     |   |   |   |   |   |   |   |   |   |   |   |
| INTEREST      EXPENSE:                                                         |   |                                                     |    |   |                                                     |   |   |   |   |   |   |   |   |   |   |   |
| Interest      on deposits                                                      |   |                                                     | 2,972   |   |                                                     |   | 3,247 |   |   |   | 9,333 |   |   |   | 10,220 |   |
| Interest      on borrowings                                                    |   |                                                     | 216     |   |                                                     |   | 256 |   |   |   | 743 |   |   |   | 945 |   |
|                                                                           |   |                                                     |    |   |                                                     |   |   |   |   |   |   |   |   |   |   |   |
| Total      interest expense                                                    |   |                                                     | 3,188   |   |                                                     |   | 3,503 |   |   |   | 10,076 |   |   |   | 11,165 |   |
|                                                                           |   |                                                     |    |   |                                                     |   |   |   |   |   |   |   |   |   |   |   |
| NET      INTEREST INCOME                                                       |   |                                                     | 3,432   |   |                                                     |   | 2,962 |   |   |   | 10,676 |   |   |   | 8,526 |   |
|                                                                           |   |                                                     |    |   |                                                     |   |   |   |   |   |   |   |   |   |   |   |
| PROVISION      FOR LOAN LOSSES                                                 |   |                                                     | 810     |   |                                                     |   | 112 |   |   |   | 1,173 |   |   |   | 262 |   |
|                                                                           |   |                                                     |    |   |                                                     |   |   |   |   |   |   |   |   |   |   |   |
| NET      INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES                       |   |                                                     | 2,622   |   |                                                     |   | 2,850 |   |   |   | 9,503 |   |   |   | 8,264 |   |
|                                                                           |   |                                                     |    |   |                                                     |   |   |   |   |   |   |   |   |   |   |   |
| NON-INTEREST      INCOME (LOSS):                                               |   |                                                     |    |   |                                                     |   |   |   |   |   |   |   |   |   |   |   |
| Fees      and other service charges                                            |   |                                                     | 114     |   |                                                     |   | 136 |   |   |   | 369 |   |   |   | 411 |   |
| Loss      on redemption of investment securities, net                          |   |                                                     | — |   |                                                     |   | (4,016 | ) |   |   | — |   |   |   | (4,016 | ) |
| Other                                                                          |   |                                                     | 87      |   |                                                     |   | 82 |   |   |   | 251 |   |   |   | 242 |   |
|                                                                           |   |                                                     |    |   |                                                     |   |   |   |   |   |   |   |   |   |   |   |
| Total      other-than-temporary impairment losses                              |   |                                                     | (28     | )      |                                                     |   | — |   |   |   | (5,338 | ) |   |   | (1,492 | ) |
| Portion      of loss recognized in other comprehensive income, before    taxes |   |                                                     | (228    | )      |                                                     |   | — |   |   |   | 2,281 |   |   |   | — |   |
| Net      impairment losses recognized in earnings                              |   |                                                     | (256    | )      |                                                     |   | — |   |   |   | (3,057 | ) |   |   | (1,492 | ) |
|                                                                           |   |                                                     |    |   |                                                     |   |   |   |   |   |   |   |   |   |   |   |
| Total      non-interest loss                                                   |   |                                                     | (55     | )      |                                                     |   | (3,798 | ) |   |   | (2,437 | ) |   |   | (4,855 | ) |
|                                                                           |   |                                                     |    |   |                                                     |   |   |   |   |   |   |   |   |   |   |   |
| NON-INTEREST      EXPENSE:                                                     |   |                                                     |    |   |                                                     |   |   |   |   |   |   |   |   |   |   |   |
| Salaries      and employee benefits                                            |   |                                                     | 1,249   |   |                                                     |   | 1,109 |   |   |   | 3,578 |   |   |   | 3,409 |   |
| Data      processing                                                           |   |                                                     | 126     |   |                                                     |   | 124 |   |   |   | 427 |   |   |   | 377 |   |
| Professional      services                                                     |   |                                                     | 159     |   |                                                     |   | (130 | ) |   |   | 578 |   |   |   | 427 |   |
| Office      occupancy                                                          |   |                                                     | 89      |   |                                                     |   | 90 |   |   |   | 294 |   |   |   | 275 |   |
| Depreciation                                                                   |   |                                                     | 79      |   |                                                     |   | 84 |   |   |   | 245 |   |   |   | 250 |   |
| Payroll      taxes                                                             |   |                                                     | 63      |   |                                                     |   | 62 |   |   |   | 205 |   |   |   | 209 |   |
| Director      compensation                                                     |   |                                                     | 80      |   |                                                     |   | 77 |   |   |   | 201 |   |   |   | 206 |   |
| Other                                                                          |   |                                                     | 937     |   |                                                     |   | 491 |   |   |   | 2,386 |   |   |   | 1,268 |   |
|                                                                           |   |                                                     |    |   |                                                     |   |   |   |   |   |   |   |   |   |   |   |
| Total      non-interest expense                                                |   |                                                     | 2,782   |   |                                                     |   | 1,907 |   |   |   | 7,914 |   |   |   | 6,421 |   |
|                                                                           |   |                                                     |    |   |                                                     |   |   |   |   |   |   |   |   |   |   |   |
| LOSS      BEFORE INCOME TAXES                                                  |   |                                                     | (215    | )      |                                                     |   | (2,855 | ) |   |   | (848 | ) |   |   | (3,012 | ) |
|                                                                           |   |                                                     |    |   |                                                     |   |   |   |   |   |   |   |   |   |   |   |
| INCOME      TAXES:                                                             |   |                                                     |    |   |                                                     |   |   |   |   |   |   |   |   |   |   |   |
| Current      expense                                                           |   |                                                     | 259     |   |                                                     |   | 339 |   |   |   | 1,112 |   |   |   | 599 |   |
| Deferred      (benefit) expense                                                |   |                                                     | (248    | )      |                                                     |   | 366 |   |   |   | (693 | ) |   |   | 14 |   |
|                                                                           |   |                                                     |    |   |                                                     |   |   |   |   |   |   |   |   |   |   |   |
| Total      income tax expense                                                  |   |                                                     | 11      |   |                                                     |   | 705 |   |   |   | 419 |   |   |   | 613 |   |
|                                                                           |   |                                                     |    |   |                                                     |   |   |   |   |   |   |   |   |   |   |   |
| NET      LOSS                                                                  |   | $                                                        | (226    | )      |                                                     | $      | (3,560 | ) |   | $ | (1,267 | ) |   | $ | (3,625 | ) |
|                                                                           |   |                                                     |    |   |                                                     |   |   |   |   |   |   |   |   |   |   |   |
| BASIC      LOSS PER SHARE                                                      |   | $                                                        | (0.02   | )      |                                                     | $      | (0.33 | ) |   | $ | (0.12 | ) |   | $ | (0.33 | ) |
|                                                                           |   |                                                     |    |   |                                                     |   |   |   |   |   |   |   |   |   |   |   |
| DILUTED      LOSS PER SHARE                                                    |   | $                                                        | (0.02   | )      |                                                     | $      | (0.33 | ) |   | $ | (0.12 | ) |   | $ | (0.33 | ) |
|                                                                           |   |                                                     |    |   |

----

| PRUDENTIAL      BANCORP, INC. OF PENNSYLVANIA AND SUBSIDIARIES                                                                          |
|-----------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                    |
| UNAUDITED      CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY AND      COMPREHENSIVE INCOME (AS RESTATED, SEE NOTE10) |

|                                                                                                                                                  |   | CommonStock                                          |    |   | AdditionalPaid-InCapital |   |   | UnearnedESOPShares |   |   | TreasuryStock |   |   | RetainedEarnings |    |   | AccumulatedOtherComprehensiveLoss |   |    | TotalStockholders’Equity |   |   | ComprehensiveLoss |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------|---------|--------|--------------------------|--------|--------|--------------------|--------|--------|---------------|--------|--------|------------------|---------|--------|-----------------------------------|--------|---------|--------------------------------|--------|--------|-------------------|--------|
|                                                                                                                                                  |   | (Dollars      in Thousands except per share amounts) |    |
| BALANCE,      OCTOBER 1, 2008                                                                                                                         |   | $                                                    | 126     |   |                     | $      | 54,925 |               |   | $      | (3,680        | )      |   | $                | (19,481 | )      |                              | $      | 37,288  |                           |   | $      | (691              | )      |   | $ | 68,487 |   |   |   |   |
| (As      restated - see Note 10)                                                                                                                      |   |                                                 |    |   |                     |   |   |               |   |   |          |   |   |             |    |   |                              |   |    |                           |   |   |              |   |   |   |   |   |   |   |   |
|                                                                                                                                                  |   |                                                 |    |   |                     |   |   |               |   |   |          |   |   |             |    |   |                              |   |    |                           |   |   |              |   |   |   |   |   |   |   |   |
| Cumulative      adjustment related to the adoption of EITF 06-10, net of    tax                                                                       |   |                                                 |    |   |                     |   |   |               |   |   |          |   |   |             |    |   |                              |   | (256    | )                              |   |   |              |   |   |   | (256 | ) |   |   |   |   |
|                                                                                                                                                  |   |                                                 |    |   |                     |   |   |               |   |   |          |   |   |             |    |   |                              |   |    |                           |   |   |              |   |   |   |   |   |   |   |   |   |
| Comprehensive      income:                                                                                                                            |   |                                                 |    |   |                     |   |   |               |   |   |          |   |   |             |    |   |                              |   |    |                           |   |   |              |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                  |   |                                                 |    |   |                     |   |   |               |   |   |          |   |   |             |    |   |                              |   |    |                           |   |   |              |   |   |   |   |   |   |   |   |   |
| Cumulative      adjustment related to the adoption of FSP SFAS 115-2 and SFAS 124-2, net      of income tax benefit of $390 (see Note 1)              |   |                                                 |    |   |                     |   |   |               |   |   |          |   |   |             |    |   |                              |   | 1,148   |                           |   |   | (758              | )      |   |   | 390 |   |   |   | 390 |   |
|                                                                                                                                                  |   |                                                 |    |   |                     |   |   |               |   |   |          |   |   |             |    |   |                              |   |    |                           |   |   |              |   |   |   |   |   |   |   |   |   |
| Net      loss                                                                                                                                         |   |                                                 |    |   |                     |   |   |               |   |   |          |   |   |             |    |   |                              |   | (1,267  | )                              |   |   |              |   |   |   | (1,267 | ) |   |   | (1,267 | ) |
|                                                                                                                                                  |   |                                                 |    |   |                     |   |   |               |   |   |          |   |   |             |    |   |                              |   |    |                           |   |   |              |   |   |   |   |   |   |   |   |   |
| Net      unrealized holding loss on available for sale securities arising during      the period, net of income tax benefit of $1,072 (See Note    1) |   |                                                 |    |   |                     |   |   |               |   |   |          |   |   |             |    |   |                              |   |    |                           |   |   | (2,081            | )      |   |   | (2,081 | ) |   |   | (2,081 | ) |
|                                                                                                                                                  |   |                                                 |    |   |                     |   |   |               |   |   |          |   |   |             |    |   |                              |   |    |                           |   |   |              |   |   |   |   |   |   |   |   |   |
| Reclassification      adjustment for other than temporary impairment recognized in earnings net      of tax of $1,039 (See Note 1)                    |   |                                                 |    |   |                     |   |   |               |   |   |          |   |   |             |    |   |                              |   |    |                           |   |   | 2,018             |   |   |   | 2,018 |   |   |   | 2,018 |   |
| Comprehensive      loss                                                                                                                               |   |                                                 |    |   |                     |   |   |               |   |   |          |   |   |             |    |   |                              |   |    |                           |   |   |              |   |   |   |   |   |   | $ | (940 | ) |
|                                                                                                                                                  |   |                                                 |    |   |                     |   |   |               |   |   |          |   |   |             |    |   |                              |   |    |                           |   |   |              |   |   |   |   |   |   |   |   |   |
| Treasury      stock purchased (738,000 shares)                                                                                                        |   |                                                 |    |   |                     |   |   |               |   |   |          |   |   |             | (9,171  | )      |                              |   |    |                           |   |   |              |   |   |   | (9,171 | ) |   |   |   |   |
|                                                                                                                                                  |   |                                                 |    |   |                     |   |   |               |   |   |          |   |   |             |    |   |                              |   |    |                           |   |   |              |   |   |   |   |   |   |   |   |   |
| Cash      dividend declared ($.15 per share)                                                                                                          |   |                                                 |    |   |                     |   |   |               |   |   |          |   |   |             |    |   |                              |   | (1,565  | )                              |   |   |              |   |   |   | (1,565 | ) |   |   |   |   |
|                                                                                                                                                  |   |                                                 |    |   |                     |   |   |               |   |   |          |   |   |             |    |   |                              |   |    |                           |   |   |              |   |   |   |   |   |   |   |   |   |
| Excess      tax benefit from stock compensation                                                                                                       |   |                                                 |    |   |                     |   | 72     |               |   |   |          |   |   |             |    |   |                              |   |    |                           |   |   |              |   |   |   | 72 |   |   |   |   |   |
|                                                                                                                                                  |   |                                                 |    |   |                     |   |   |               |   |   |          |   |   |             |    |   |                              |   |    |                           |   |   |              |   |   |   |   |   |   |   |   |   |
| Stock      option expense                                                                                                                             |   |                                                 |    |   |                     |   | 105    |               |   |   |          |   |   |             |    |   |                              |   |    |                           |   |   |              |   |   |   | 105 |   |   |   |   |   |
|                                                                                                                                                  |   |                                                 |    |   |                     |   |   |               |   |   |          |   |   |             |    |   |                              |   |    |                           |   |   |              |   |   |   |   |   |   |   |   |   |
| Recognition      and Retention Plan expense                                                                                                           |   |                                                 |    |   |                     |   | 121    |               |   |   |          |   |   |             |    |   |                              |   |    |                           |   |   |              |   |   |   | 121 |   |   |   |   |   |
|                                                                                                                                                  |   |                                                 |    |   |                     |   |   |               |   |   |          |   |   |             |    |   |                              |   |    |                           |   |   |              |   |   |   |   |   |   |   |   |   |
| Nonvested      share grant APIC adjustment                                                                                                            |   |                                                 |    |   |                     |   | (2,465 | )                  |   |   |          |   |   |             |    |   |                              |   |    |                           |   |   |              |   |   |   | (2,465 | ) |   |   |   |   |
|                                                                                                                                                  |   |                                                 |    |   |                     |   |   |               |   |   |          |   |   |             |    |   |                              |   |    |                           |   |   |              |   |   |   |   |   |   |   |   |   |
| ESOP      shares committed to be released                                                                                                             |   |                                                 | — |   |                     |   | 17     |               |   |   | 167           |   |   |             | — |   |                              |   | — |                           |   |   | —           |   |   |   | 184 |   |   |   |   |   |
|                                                                                                                                                  |   |                                                 |    |   |                     |   |   |               |   |   |          |   |   |             |    |   |                              |   |    |                           |   |   |              |   |   |   |   |   |   |   |   |   |
| BALANCE,      June 30, 2009                                                                                                                           |   | $                                                    | 126     |   |                     | $      | 52,775 |               |   | $      | (3,513        | )      |   | $                | (28,652 | )      |                              | $      | 35,348  |                           |   | $      | (1,512            | )      |   | $ | 54,572 |   |   |   |   |   |

|                                                                                                                                            |   | CommonStock                                          |    |   | AdditionalPaid-InCapital |   |   | UnearnedESOPShares |   |   | TreasuryStock |   |   | RetainedEarnings |    |   | AccumulatedOtherComprehensiveIncome      (Loss) |   |    | TotalStockholders’Equity |   |   | ComprehensiveIncome |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------|---------|--------|--------------------------|--------|--------|--------------------|--------|--------|---------------|--------|--------|------------------|---------|--------|-------------------------------------------------|--------|---------|--------------------------------|--------|--------|---------------------|--------|
|                                                                                                                                            |   | (Dollars      in Thousands except per share amounts) |    |
| BALANCE,      OCTOBER 1, 2007 (as originally stated)                                                                                            |   | $                                                    | 126     |   |                     | $      | 54,880 |               |   | $      | (3,903        | )      |   | $                | (14,372 | )      |                                            | $      | 43,971  |                           |   | $      | 259                 |   |   | $ | 80,961 |   |   |   |   |
|                                                                                                                                            |   |                                                 |    |   |                     |   |   |               |   |   |          |   |   |             |    |   |                                            |   |    |                           |   |   |                |   |   |   |   |   |   |   |   |
| Restatement      - See note 10                                                                                                                  |   |                                                 |    |   |                     |   |   |               |   |   |          |   |   |             |    |   |                                            |   | (403    | )                              |   |   |                |   |   |   | (403 | ) |   |   |   |
|                                                                                                                                            |   |                                                 |    |   |                     |   |   |               |   |   |          |   |   |             |    |   |                                            |   |    |                           |   |   |                |   |   |   |   |   |   |   |   |
| BALANCE,      OCTOBER 1, 2007 (as restated)                                                                                                     |   | $                                                    | 126     |   |                     | $      | 54,880 |               |   | $      | (3,903        | )      |   | $                | (14,372 | )      |                                            | $      | 43,568  |                           |   | $      | 259                 |   |   | $ | 80,558 |   |   |   |   |
|                                                                                                                                            |   |                                                 |    |   |                     |   |   |               |   |   |          |   |   |             |    |   |                                            |   |    |                           |   |   |                |   |   |   |   |   |   |   |   |
| Comprehensive      income:                                                                                                                      |   |                                                 |    |   |                     |   |   |               |   |   |          |   |   |             |    |   |                                            |   |    |                           |   |   |                |   |   |   |   |   |   |   |   |
|                                                                                                                                            |   |                                                 |    |   |                     |   |   |               |   |   |          |   |   |             |    |   |                                            |   |    |                           |   |   |                |   |   |   |   |   |   |   |   |   |
| Net      loss                                                                                                                                   |   |                                                 |    |   |                     |   |   |               |   |   |          |   |   |             |    |   |                                            |   | (3,625  | )                              |   |   |                |   |   |   | (3,625 | ) |   |   | (3,625 | ) |
|                                                                                                                                            |   |                                                 |    |   |                     |   |   |               |   |   |          |   |   |             |    |   |                                            |   |    |                           |   |   |                |   |   |   |   |   |   |   |   |   |
| Net      unrealized holding loss on available for sale securities arising during      the period, net of income tax benefit of $669 (see Note1) |   |                                                 |    |   |                     |   |   |               |   |   |          |   |   |             |    |   |                                            |   |    |                           |   |   | (1,297              | )      |   |   | (1,297 | ) |   |   | (1,297 | ) |
|                                                                                                                                            |   |                                                 |    |   |                     |   |   |               |   |   |          |   |   |             |    |   |                                            |   |    |                           |   |   |                |   |   |   |   |   |   |   |   |   |
| Reclassification      adjustment for other than temporary impairment net of tax of $507 (see      Note 1)                                       |   |                                                 |    |   |                     |   |   |               |   |   |          |   |   |             |    |   |                                            |   |    |                           |   |   | 985                 |   |   |   | 985 |   |   |   | 985 |   |
| Comprehensive      income                                                                                                                       |   |                                                 |    |   |                     |   |   |               |   |   |          |   |   |             |    |   |                                            |   |    |                           |   |   |                |   |   |   |   |   |   | $ | (3,937 | ) |
|                                                                                                                                            |   |                                                 |    |   |                     |   |   |               |   |   |          |   |   |             |    |   |                                            |   |    |                           |   |   |                |   |   |   |   |   |   |   |   |   |
| Treasury      stock purchased (408,500 shares)                                                                                                  |   |                                                 |    |   |                     |   |   |               |   |   |          |   |   |             | (5,109  | )      |                                            |   |    |                           |   |   |                |   |   |   | (5,109 | ) |   |   |   |   |
|                                                                                                                                            |   |                                                 |    |   |                     |   |   |               |   |   |          |   |   |             |    |   |                                            |   |    |                           |   |   |                |   |   |   |   |   |   |   |   |   |
| Cash      dividend declared ($.15 per share)                                                                                                    |   |                                                 |    |   |                     |   |   |               |   |   |          |   |   |             |    |   |                                            |   | (1,616  | )                              |   |   |                |   |   |   | (1,616 | ) |   |   |   |   |
|                                                                                                                                            |   |                                                 |    |   |                     |   |   |               |   |   |          |   |   |             |    |   |                                            |   |    |                           |   |   |                |   |   |   |   |   |   |   |   |   |
| ESOP      shares committed to be released                                                                                                       |   |                                                 | — |   |                     |   | 43     |               |   |   | 167           |   |   |             | — |   |                                            |   | — |                           |   |   | —             |   |   |   | 210 |   |   |   |   |   |
|                                                                                                                                            |   |                                                 |    |   |                     |   |   |               |   |   |          |   |   |             |    |   |                                            |   |    |                           |   |   |                |   |   |   |   |   |   |   |   |   |
| BALANCE,      June 30, 2008                                                                                                                     |   | $                                                    | 126     |   |                     | $      | 54,923 |               |   | $      | (3,736        | )      |   | $                | (19,481 | )      |                                            | $      | 38,327  |                           |   | $      | (53                 | )      |   | $ | 70,106 |   |   |   |   |   |

----

| PRUDENTIAL      BANCORP, INC. OF PENNSYLVANIA AND SUBSIDIARIES |
|----------------------------------------------------------------|
|                                                           |
| UNAUDITED      CONSOLIDATED STATEMENTS OF CASHFLOWS            |

|                                                                                |   | Nine      Months Ended June 30, |    |
|-------------------------------------------------------------------------------------|--------|---------------------------------|---------|
|                                                                                |   | 2009                            |    |   | 2008(As      restatedsee      note 10) |   |
|                                                                                |   | (Dollars      in Thousands)     |    |
|                                                                                |   |                            |    |   |   |   |
| OPERATING      ACTIVITIES:                                                          |   |                            |    |   |   |   |
| Net      loss                                                                       |   | $                               | (1,267  | ) |   | $ | (3,625 | ) |
| Adjustments      to reconcile net loss to net cash (used in)                        |   |                            |    |   |   |   |   |   |
| provided      by operating activities:                                              |   |                            |    |   |   |   |   |   |
| Provision      for loan losses                                                      |   |                            | 1,173   |   |   |   | 262 |   |
| Depreciation                                                                        |   |                            | 245     |   |   |   | 250 |   |
| Net      accretion of premiums/discounts                                            |   |                            | (1,127  | ) |   |   | (80 | ) |
| Net      accretion of deferred loan fees and costs                                  |   |                            | (90     | ) |   |   | (228 | ) |
| Impairment      charge on investment securities                                     |   |                            | 3,057   |   |   |   | 1,492 |   |
| Loss      on redemption of investment securitiies                                   |   |                            |    |   |   |   | 4,016 |   |
| Share-based      compensation expense                                               |   |                            | 298     |   |   |   | — |   |
| Real      estate owned writedown                                                    |   |                            | 186     |   |   |   | — |   |
| Amortization      of ESOP                                                           |   |                            | 184     |   |   |   | 210 |   |
| Income      from bank owned life insurance                                          |   |                            | (156    | ) |   |   | (149 | ) |
| Deferred      income tax (benefit) expense                                          |   |                            | (693    | ) |   |   | 14 |   |
| Excess      tax benefit related to stock compensation                               |   |                            | (72     | ) |   |   | — |   |
| Changes      in assets and liabilities which used cash:                             |   |                            |    |   |   |   |   |   |
| Accrued      interest receivable                                                    |   |                            | (165    | ) |   |   | 38 |   |
| Prepaid      expenses and other assets                                              |   |                            | 256     |   |   |   | 345 |   |
| Accrued      interest payable                                                       |   |                            | (371    | ) |   |   | (148 | ) |
| Accounts      payable and accrued expenses                                          |   |                            | (4,796  | ) |   |   | (303 | ) |
| Net      cash (used in) provided by operating activities                            |   |                            | (3,338  | ) |   |   | 2,094 |   |
| INVESTING      ACTIVITIES:                                                          |   |                            |    |   |   |   |   |   |
| Purchase      of investment and mortgage-backed securities held to    maturity      |   |                            | (91,992 | ) |   |   | (74,923 | ) |
| Purchase      of investment and mortgage-backed securities available for      sale  |   |                            | (10,792 | ) |   |   | (18,634 | ) |
| Loans      originated or acquired                                                   |   |                            | (51,453 | ) |   |   | (53,384 | ) |
| Principal      collected on loans                                                   |   |                            | 38,582  |   |   |   | 37,367 |   |
| Principal      payments received on investment and mortgage-backed      securities: |   |                            |    |   |   |   |   |   |
| held-to-maturity                                                                    |   |                            | 89,079  |   |   |   | 89,729 |   |
| available-for-sale                                                                  |   |                            | 6,807   |   |   |   | 3,655 |   |
| Proceeds      from redemption of investment securities available forsale            |   |                            | — |   |   |   | 4,367 |   |
| Acquisition      of FHLB stock, net                                                 |   |                            | (925    | ) |   |   | (110 | ) |
| Purchases      of equipment                                                         |   |                            | (16     | ) |   |   | (99 | ) |
| Net      cash used in investing activities                                          |   |                            | (20,710 | ) |   |   | (12,032 | ) |
| FINANCING      ACTIVITIES:                                                          |   |                            |    |   |   |   |   |   |
| Net      increase in demand deposits, NOW accounts, and savings      accounts       |   |                            | 6,980   |   |   |   | 4,137 |   |
| Net      increase in certificates of deposit                                        |   |                            | 48,407  |   |   |   | 16,314 |   |
| Net      repayment of advances from Federal Home Loan Bank                          |   |                            | (12,031 | ) |   |   | (3,032 | ) |
| Increase      in advances from borrowers for taxes and insurance                    |   |                            | 571     |   |   |   | 827 |   |
| Excess      tax benefit related to stock compensation                               |   |                            | 72      |   |   |   | — |   |
| Acquisition      of stock for Recognition and Retention Plan                        |   |                            | (2,465  | ) |   |   | — |   |
| Cash      dividend paid                                                             |   |                            | (1,595  | ) |   |   | (1,637 | ) |
| Purchase      of treasury stock                                                     |   |                            | (9,171  | ) |   |   | (5,109 | ) |
| Net      cash provided by financing activities                                      |   |                            | 30,768  |   |   |   | 11,500 |   |
|                                                                                |   |                            |    |   |   |   |   |   |
| NET      INCREASE IN CASH AND CASH EQUIVALENTS                                      |   |                            | 6,720   |   |   |   | 1,562 |   |
|                                                                                |   |                            |    |   |   |   |   |   |
| CASH      AND CASH EQUIVALENTS—Beginning of period                            |   |                            | 9,454   |   |   |   | 12,269 |   |
|                                                                                |   |                            |    |   |   |   |   |   |
| CASH      AND CASH EQUIVALENTS—End of period                                  |   | $                               | 16,174  |   |   | $ | 13,831 |   |
|                                                                                |   |                            |    |   |   |   |   |   |
| SUPPLEMENTAL      DISCLOSURES OF CASH FLOW INFORMATION:                             |   |                            |    |   |   |   |   |   |
| Interest      paid on deposits and advances from Federal Home Loan Bank             |   | $                               | 10,447  |   |   | $ | 11,313 |   |
|                                                                                |   |                            |    |   |   |   |   |   |
| Income      taxes paid                                                              |   | $                               | 1,779   |   |   | $ | 767 |   |
|                                                                                |   |                            |    |   |   |   |   |   |
|                                                                                |   |                            |    |   |   |   |   |   |
| SUPPLEMENTAL      DISCLOSURES OF NONCASH ITEMS:                                     |   |                            |    |   |   |   |   |   |
| Real      estate acquired in settlement of loans                                    |   | $                               | 3,142   |   |   | $ | 1,651 |   |
|                                                                                |   |                            |    |   |   |   |   |   |
| Mortgage-backed      securities received through redemption in kind                 |   | $                               | — |   |   | $ | 24,755 |   |
|                                                                                |   |                            |    |   |   |   |   |   |
| Impact      of adoption of EITF 06-10 on other liabilities                          |   | $                               | 388     |   |   | $ | — |   |

----

|                                                     |
|----------------------------------------------------------|
| NOTES      TO UNAUDITED CONSOLIDATED FINANCIALSTATEMENTS |

| 1.     | SIGNIFICANT      ACCOUNTING POLICIES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   | Basis      of presentation –The      accompanying unaudited consolidated financial statements were prepared      pursuant to the rules and regulations of the United States Securities and      Exchange Commission (“SEC”) for interim information and therefore do not      include all the information or footnotes necessary for a complete      presentation of financial condition, results of operations, changes in      equity and cash flows in conformity with accounting principles generally      accepted in the United States of America (“GAAP”). However, all normal      recurring adjustments that, in the opinion of management, are necessary      for a fair presentation of the financial statements have been included.      Certain financial information from the prior period has been condensed to      conform to the current presentation. The results for the three and nine      months ended June 30, 2009 are not necessarily indicative of the results      that may be expected for the fiscal year ending September 30, 2009, or any      other period. These financial statements should be read in conjunction      with the audited consolidated financial statements of Prudential Bancorp,      Inc. of Pennsylvania (the “Company”) and the accompanying notes thereto      for the year ended September 30, 2008 included in the Company’s Annual      Report on Form 10-K for the fiscal year ended September 30,      2008.                                                         |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   | Use      of Estimates in the Preparation of Financial Statements—The      preparation of financial statements in conformity with GAAP in the United      States of America requires management to make estimates and assumptions      that affect the reported amounts of assets and liabilities and the      disclosure of contingent assets and liabilities at the date of the      financial statements and the reported amounts of income and expenses      during the reporting period. The most significant estimates and      assumptions in the Company’s consolidated financial statements are      recorded in the allowance for loan losses, deferred income taxes, and the      fair value measurement for investment securities available for sale.      Actual results could differ from those      estimates.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   | Dividend      Payable – On June 17, 2009, the Company’s Board of Directors      declared a quarterly cash dividend of $.05 on the common stock of the      Company payable on July 27, 2009 to the shareholders of record at the      close of business on July 13, 2009 which resulted in a payable of $491,000      at June 30, 2009. A portion of the cash dividend was payable to Prudential      Mutual Holding Company (the “MHC”) due to its ownership of shares of the      Company’s common stock and totaled  $365,000.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   | Employee      Stock Ownership Plan –      The Company maintains an employee stock ownership plan (“ESOP”) for      substantially all of its full-time employees. The ESOP purchased 452,295      shares of the Company’s common stock for an aggregate cost of      approximately $4.5 million in fiscal 2005. Shares of the Company’s common      stock purchased by the ESOP are held in a suspense account until released      for allocation to participants. Shares are allocated to each eligible      participant based on the ratio of each such participant’s compensation, as      defined in the ESOP, to the total compensation of all eligible plan      participants. As the unearned shares are released from the suspense      account, the Company recognizes compensation expense equal to the fair      value of the ESOP shares during the periods in which they become committed      to be released. To the extent that the fair value of the ESOP shares      released differs from the cost of such shares, the difference is charged      or credited to equity as additional paid-in capital. As of June 30, 2009,      the Company had allocated a total of 84,825 shares from the suspense      account to participants and committed to release an additional 11,310      shares. In addition, at such date of the total number of shares of Company      common stock held by the ESOP was 450,200. For the nine months ended June      30, 2009, the Company recognized $170,000 in compensation      expense. |

----

|   | Share-Based Compensation– The      Company accounts for stock-based compensation issued to employees, and      where appropriate non-employees, in accordance with the fair value      recognition provisions of SFAS No. 123(R), Share-Based      Payment. Under the fair value provisions of Statement of Financial      Accounting Standards (“SFAS”) No. 123(R), stock-based compensation cost is      measured at the grant date based on the fair value of the award and is      recognized as expense over the appropriate vesting period using the      straight-line method. However, consistent with SFAS No. 123(R), the amount      of stock-based compensation recognized at any date must at least equal the      portion of the grant date value of the award that is vested at that date      and as a result it may be necessary to recognize the expense using a      ratable method. Although the provisions of SFAS No. 123(R) should      generally be applied to non-employees, Emerging Issues Task Force (“EITF”)      No. 96-18, “Accounting for Equity Instruments That Are Issued to Other      Than Employees,” is used in determining the measurement date of the      compensation expense for non-employees. Determining the fair value of      stock-based awards at the date of grant requires judgment, including      estimating the expected term of the stock options and the expected      volatility of the Company’s stock. In addition, judgment is required in      estimating the amount of stock-based awards that are expected to be      forfeited. If actual results differ significantly from these estimates or      different key assumptions were used, it could have a material effect on      the Company’s Consolidated Financial Statements. See Note 7 of the Notes      to Consolidated Financial Statements for additional information regarding      stock-based compensation. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   | Dividends      with respect to non-vested share awards are held by the Company’s      Recognition and Retention Plan (“Plan”) Trust (the “Trust”) for the      benefit of the recipients and will be paid out proportionately by the      Trust to the recipients of stock awards granted pursuant to the Plan as      soon as practicable after the stock awards are earned.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   | Treasury      Stock –      Stock held in treasury by the Company is accounted for using the      cost method, which treats stock held in treasury as a reduction to total      stockholders’ equity. On January 21, 2009, the Company announced its      seventh stock repurchase program to repurchase up to 198,000 shares or      approximately 5% of the Company’s outstanding common stock held by      shareholders other than the MHC. The average cost per share of the      approximately 1.5 million shares which have been repurchased by the      Company was $12.84 for purchases through June 30, 2009. In addition, the      MHC also announced on January 21, 2009 that its Board of Directors      approved its second stock purchase plan to purchase up to 198,000 shares      or approximately 5% of the Company’s common stock held by shareholders      other than the MHC. As of June 30, 2009, the MHC had purchased 390,652      shares at an average cost of $11.31 per share. The repurchased shares are      available for general corporate purposes.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   | Comprehensive      Income (Loss) —The      Company presents in the unaudited consolidated statement of changes in      stockholders’ equity and comprehensive income those amounts arising from      transactions and other events which currently are excluded from the      statements of operations and are recorded directly to stockholders’      equity. For the nine months ended June 30, 2009 and 2008, the only      components of comprehensive income were net loss, unrealized holding gains      and losses, net of income tax expense and benefit, on available for sale      securities and reclassifications related to realized loss due to other      than temporary impairment, net of tax. Reclassifications are made to avoid      double counting in comprehensive income (loss) items which are displayed      as part of net income for the period. These reclassifications are as      follows:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   | Disclosure      of Reclassification Amounts, Net ofTax                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |

|                                                                                                  |   | For      the nine months ended June 30, |   |
|-------------------------------------------------------------------------------------------------------|--------|-----------------------------------------|--------|
|                                                                                                  |   | 2009                                    |   |   | 2008 |   |
|                                                                                                  |   | Pre-tax                                 |   |   | Tax |   |   | After-tax |   |   | Pre-tax |   |   | Tax |   |   | After-tax |   |
| Beginning      accumulated other comprehensive (loss) income                                          |   | $                                       | (1,047 | ) |   | $ | 356 |   |   | $ | (691 | ) |   | $ | 392 |   |   | $ | (133 | ) |   | $ | 259 |   |
|                                                                                                  |   |                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      unrealized holding loss on available for sale securities arising during      the period      |   |                                    | (3,153 | ) |   |   | 1,072 |   |   |   | (2,081 | ) |   |   | (1,966 | ) |   |   | 669 |   |   |   | (1,297 | ) |
|                                                                                                  |   |                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Reclassification      adjustment for other-than-temporary impairment recognized in      earnings      |   |                                    | 3,057  |   |   |   | (1,039 | ) |   |   | 2,018 |   |   |   | 1,492 |   |   |   | (507 | ) |   |   | 985 |   |
|                                                                                                  |   |                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cumulative      adjustment for portion of impairment loss recognized in other      comprehensive loss |   |                                    | (1,148 | ) |   |   | 390 |   |   |   | (758 | ) |   |   | — |   |   |   | — |   |   |   | — |   |
|                                                                                                  |   |                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ending      accumulated other comprehensive (loss) income                                             |   | $                                       | (2,291 | ) |   | $ | 779 |   |   | $ | (1,512 | ) |   | $ | (82 | ) |   | $ | 29 |   |   | $ | (53 | ) |

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|   | FHLB      Stock –      Federal Home Loan Bank      (“FHLB”) stock is classified as a restricted equity security      because ownership is restricted and there is not an established market for      its resale. FHLB stock is carried at cost and is evaluated for impairment      when certain conditions warrant further consideration. The Company has      been informed that the FHLB of Pittsburgh has ceased paying dividends on      shares of stock and repurchasing shares thereof. While certain conditions      are noted that required management to evaluate the stock for impairment it      is currently not probable that the Company will not realize its cost      basis. Management concluded that no impairment existed as of June 30,      2009.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
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|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   | Recent      Accounting Pronouncements –      In March 2007, the Financial Accounting Standards Board (“FASB”)      ratified EITF Issue No. 06-10, Accounting      for Collateral Assignment Split-Dollar Life Insurance Agreement,      (EITF 06-10). EITF 06-10 provides guidance for determining a liability for      the postretirement benefit obligation as well as recognition and      measurement of the associated asset on the basis of the terms of the      collateral assignment agreement. EITF 06-10 is effective for fiscal years      beginning after December 15, 2007. Upon adoption of the accounting      guidance under EITF 06-10 as of October 1, 2008, the Company recognized a      liability of $388,000 in accordance with Accounting Principles Board      Opinion (“APB”) No. 12, Omnibus Opinion—1967 and recorded a corresponding      reduction to retained earnings, net of tax, representing the cumulative      effect of the change in accounting  principle.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   | In      February 2008, the FASB issued FASB Staff Position (“FSP”) No. 157-2,      Effective      Date of FASB Statement No. 157. The FSP delays the effective date      of SFAS No. 157 for nonfinancial assets and nonfinancial liabilities,      except for items that are recognized or disclosed at fair value in an      entity’s financial statements on a recurring basis (at least annually), to      fiscal years beginning after November 15, 2008. The Company is currently      evaluating the impact of the FSP on its financial    statements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   | In      March 2008, the FASB issued FAS No. 161, Disclosures      about Derivative Instruments and Hedging Activities, to require      enhanced disclosures about derivative instruments and hedging activities.      The new standard has revised financial reporting for derivative      instruments and hedging activities by requiring more transparency about      how and why an entity uses derivative instruments, how derivative      instruments and related hedged items are accounted for under FAS No. 133,      Accounting      for Derivative Instruments and Hedging Activities; and how      derivative instruments and related hedged items affect an entity’s      financial position, financial performance, and cash flows. FAS No. 161      requires disclosure of the fair values of derivative instruments and their      gains and losses in a tabular format. It also requires entities to provide      more information about their liquidity by requiring disclosure of      derivative features that are credit risk-related. Further, it requires      cross-referencing within footnotes to enable financial statement users to      locate important information about derivative instruments. FAS No. 161 is      effective for financial statements issued for fiscal years and interim      periods beginning after November 15, 2008, with early application      encouraged. The adoption of this standard did not have a material effect      on the Company’s results of operations or financial    position                                                                                                                                                                                                             |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   | In      April 2009, the FASB issued FSP SFAS No. 107-1 and APB 28-1, Interim      Disclosures about Fair Value of Financial Instrument. FSP SFAS No.      107-1 and APB 28-1 require a public entity to provide disclosures about      fair value of financial instruments in interim financial information. FSP      SFAS No. 107-1 and APB 28-1 is effective for interim and annual financial      periods ending after June 15, 2009, with early adoption permitted for      periods ending after March 15, 2009. An entity adopting this FSP early      must also adopt FSP SFAS No. 157-4 and FSP SFAS No. 115-2 and SFAS No.      124-2. The Company adopted FSP SFAS No. 107-1 as of June 30, 2009. Since      FSP SFAS No. 107-1 amends only the disclosure requirements of financial      instruments, the adoption of FSP SFAS No. 107-1 did not impact the      Company’s financial condition or results of operations.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   | In      April 2009, the FASB issued FSP SFAS No. 115-2 and SFAS No. 124-2, Recognition      and Presentation of Other-Than-Temporary Impairment. FSP SFAS No.      115-2 and SFAS No. 124-2 amends existing guidance for determining whether      an impairment is other than temporary to debt securities and replaces the      existing requirement that the entity’s management assert it has both the      intent and ability to hold an impaired security until recovery with a      requirement that management assert: (a) it does not have the intent to      sell the security; and (b) it is more likely than not it will not have to      sell the security before recovery of its cost basis. Under FSP SFAS No.      115-2 and SFAS No. 124-2, declines in the fair value of held-to-maturity      and available-for-sale securities below their cost that are deemed to be      other than temporary are reflected in earnings as realized losses to the      extent the impairment is related to credit losses. The amount of      impairment related to other factors is recognized in other comprehensive      income. FSP SFAS No. 115-2 and SFAS No. 124-2 is effective for interim and      annual periods ending after June 15, 2009, with early adoption permitted      for periods ending after March 15, 2009. An entity adopting FSP SFAS No.      115-2 and SFAS No. 124-2 early must also adopt FSP SFAS 157-4. The Company      has chosen to early adopt FSP SFAS No. 115-2 and SFAS No. 124-2. As a      result, provisions of the guidance are applicable to the Company as of      January 1, 2009. See note 3 for discussion of the impact of adoption on      the Company’s financial condition and results of    operations. |

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|   | In      April 2009, the FASB issued FSP SFAS No. 157-4, Determining      Fair Value When the Volume and Level of Activity for the Asset or      Liability Have Significantly Decreased and Identifying Transactions That      Are Not Orderly. FSP SFAS No. 157-4 includes additional factors for      determining whether there has been a significant decrease in market      activity, affirms the objective of fair value when a market is not active,      eliminates the presumption that all transactions are not orderly unless      proven otherwise, and requires an entity to disclose inputs and valuation      techniques, and changes therein, used to measure fair value. FSP SFAS No.      157-4 is effective for interim and annual periods ending after June 15,      2009, with early adoption permitted for periods ending after March 15,      2009. An entity adopting FSP SFAS No. 157-4 early must also adopt FSP SFAS      No. 115-2 and SFAS No. 124-2. The Company adopted the requirements of FSP      No. 157-4 as of January 1, 2009; the adoption did not have a material      impact on the Company’s financial condition or results of      operations.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
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|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | In      January 2009, the FASB issued final FSP No. EITF 99-20-1, Amendments      to the Impairment Guidance of EITF Issue No. 99-20. The FSP amends      the impairment guidance in EITF Issue No. 99-20, Recognition      of Interest Income and Impairment on Purchased Beneficial Interests and      Beneficial Interests That Continue to Be Held by a Transferor in      Securitized Financial Assets, to achieve more consistent      determination of whether an other-than-temporary impairment (OTTI) has      occurred. The FSP retains and emphasizes the OTTI guidance and required      disclosures in Statement 115, FSP FAS 115-1 and SFAS 124-1, The      Meaning of Other-Than-Temporary Impairment and Its Application to Certain      Investments, SEC Staff Accounting Bulletin (SAB) Topic 5M,      Other Than Temporary Impairment of Certain Investments in Debt and Equity      Securities, and other related literature. The FSP is effective for      interim and annual reporting periods ending after December 15, 2008, and      is to be applied prospectively. Retrospective application to a prior      interim or annual reporting period is not permitted. Consistent with      paragraph 15 of FSP FAS 115-1 and SFAS 124-1, any other-than temporary      impairment resulting from the application of Statement 115 or Issue 99-20      shall be recognized in earnings, following applicable provisions for      recognition of the OTTI under FSP SFAS 115-2 and SFAS 124-2 at the balance      sheet date of the reporting period for which the assessment is made. The      adoption of the requirements of FSP No. EITF 99-20-1 by the Company did      not have a material impact on its financial condition or results of      operations. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | In      June 2008, the FASB issued FSP No. EITF 03-6-1 Determining      Whether Instruments Granted in Share-Based Payment Transactions Are      Participating Securities. This FSP addresses whether instruments      granted in share-based payment transactions are participating securities      prior to vesting and, therefore, need to be included in the earnings      allocation in computing earnings per share (EPS) under the two-class      method described in paragraphs 60 and 61 of SFAS No. 128, Earnings      per Share. The FSP is effective for fiscal years beginning after      December 15, 2008 and is to be applied retrospectively. The Company is      currently evaluating the requirements of FSP No. EITF 03-6-1 and has not      yet determined the impact, if any, on the Company’s financial condition or      results of operations.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | In      May 2009, the FASB issued SFAS No. 165, Subsequent      Events, which requires companies to evaluate events and      transactions that occur after the balance sheet date but before the date      the financial statements are issued, or available to be issued in the case      of non-public entities. SFAS No. 165 requires entities to recognize in the      financial statements the effect of all events or transactions that provide      additional evidence of conditions that existed at the balance sheet date,      including the estimates inherent in the financial preparation process.      Entities shall not recognize the impact of events or transactions that      provide evidence about conditions that did not exist at the balance sheet      date but arose after that date. SFAS No. 165 also requires entities to      disclose the date through which subsequent events have been evaluated.      SFAS No. 165 was effective for interim and annual reporting periods ending      after June 15, 2009. The Company adopted the provisions of FAS No. 165 for      the quarter ended June 30, 2009, as required, and adoption did not have a      material impact on Company’s results of operations or financial      position.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |

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|   | In      June 2009, the FASB issued SFAS No. 166, Accounting      for Transfers of Financial Assets. SFAS 166 removes the concept of      a qualifying special-purpose entity (QSPE) from SFAS No. 140, Accounting      for Transfers and Servicing of Financial Assets and Extinguishment of      Liabilities, and removes the exception from applying FIN 46(R).      This statement also clarifies the requirements for isolation and      limitations on portions of financial assets that are eligible for sale      accounting. This statement is effective for fiscal years beginning after      November 15, 2009. The adoption of this standard is not expected to have a      material effect on the Company’s results of operations or financial      position.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
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|   | In      June 2009, the FASB issued SFAS No. 167, Amendments      to FASB Interpretation No. 46(R). FAS 167, which amends FASB      Interpretation No. 46 (revised December 2003), Consolidation      of Variable Interest Entities, (FIN 46(R)), prescribes a      qualitative model for identifying whether a company has a controlling      financial interest in a variable interest entity (VIE) and eliminates the      quantitative model prescribed by FIN 46(R). The new model identifies two      primary characteristics of a controlling financial interest: (1) provides      a company with the power to direct significant activities of the VIE, and      (2) obligates a company to absorb losses of and/or provides rights to      receive benefits from the VIE. SFAS No. 167 requires a company to reassess      on an ongoing basis whether it holds a controlling financial interest in a      VIE. A company that holds a controlling financial interest is deemed to be      the primary beneficiary of the VIE and is required to consolidate the VIE.      This statement is effective for fiscal years beginning after November 15,      2009. The adoption of this standard is not expected to have a material      effect on the Company’s results of operations or financial      position.                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|   | In      June 2009, the FASB issued SFAS No. 168, The      ‘FASB Accounting Standards Codification’ and the Hierarchy of Generally      Accepted Accounting Principles. SFAS No. 168 establishes the FASB      Accounting Standards Codification (Codification), which was      officially launched on July 1, 2009, and became the primary source of      authoritative U.S. GAAP recognized by the FASB to be applied by      nongovernmental entities. Rules and interpretive releases of the      Securities and Exchange Commission (SEC) under the authority of Federal      securities laws are also sources of authoritative GAAP for SEC      registrants. The subsequent issuances of new standards will be in the form      of Accounting Standards Updates that will be included in the Codification.      SFAS No. 168 is effective for financial statements issued for interim and      annual periods ending after September 15, 2009. As the Codification is      neither expected nor intended to change GAAP, the adoption of FAS No.168      will not have a material impact on its results of operations or financial      position.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|   | In      April 2009, the FASB issued FSP No. SFAS 141(R)-1, Accounting      for Assets Acquired and Liabilities Assumed in a Business Combination That      Arise from Contingencies. This FSP requires companies acquiring      contingent assets or assuming contingent liabilities in business      combination to either (a) if the assets’ or liabilities’ fair value can be      determined, recognize them at fair value, at the acquisition date, or (b)      if the assets’ or liabilities’ fair value cannot be determined, but (i) it      is probable that an asset existed or that a liability had been incurred at      the acquisition date and (ii) the amount of the asset or liability can be      reasonably estimated, recognize them at their estimated amount, at the      acquisition date. If the fair value of these contingencies cannot be      determined and they are not probable or cannot be reasonably estimated,      then companies should not recognize these contingencies as of the      acquisition date and instead should account for them in subsequent periods      by following other applicable GAAP. This FSP also eliminates the FAS 141R      requirement of disclosing in the footnotes to the financial statements the      range of expected outcomes for a recognized contingency. This FSP shall be      effective for assets or liabilities arising from contingencies in business      combinations for which the acquisition date is on or after the beginning      of the first annual reporting period beginning on or after December 15,      2008. The adoption of this FSP is not expected to have a material effect      on the Company’s results of operations or financial    position. |

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| 2.     | EARNINGS      PER SHARE                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   | Basic      earnings per common share is computed by dividing net income available to      common shareholders by the weighted average number of shares of common      stock outstanding, net of any treasury shares, during the period. Diluted      earnings per share is calculated by dividing net income available to      common shareholders by the weighted average number of shares of common      stock outstanding, net of any treasury shares, after consideration of the      potential dilutive effect of common stock equivalents (“CSEs”), based upon      the treasury stock method using an average market price for the      period. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   | The      calculated basic and diluted earnings per share are as      follows:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |

|   |                                                                            |   |         Quarter      Ended June 30,           |       |
|--------|---------------------------------------------------------------------------------|--------|---------------------------------------------------------|------------|
|   |                                                                            |   |                                                    |       |
|   |                                                                            |   |  2009                                              |       |   | 2008 |   |
|   |                                                                            |   |  Basic                                             |       |   |  Diluted |   |   |  Basic |   |   |  Diluted |   |
|   |                                                                            |   |  (Dollars      in Thousands Except Per Share Data) |       |
|   |                                                                            |   |                                                    |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   | Net      loss                                                                   |   | $                                                       | (226       | ) |   | $ | (226 | ) |   | $ | (3,560 | ) |   | $ | (3,560 | ) |
|   | Weighted      average shares outstanding                                        |   |                                                    | 10,359,243 |   |   |   | 10,359,243 |   |   |   | 10,812,296 |   |   |   | 10,812,296 |   |
|   | Effect      of common stock equivalents                                         |   |                                                    | —    |   |   |   | 200,852 |   |   |   | — |   |   |   | — |   |
|   | Adjusted      weighted average shares used in earnings per share    computation |   | $                                                       | 10,359,243 |   |   | $ | 10,560,095 |   |   | $ | 10,812,296 |   |   | $ | 10,812,296 |   |
|   | Loss      per share - basic and diluted                                         |   | $                                                       | (0.02      | ) |   | $ | (0.02 | ) |   | $ | (0.33 | ) |   | $ | (0.33 | ) |

|   |                                                                            |                                              |                                  |       |   |    |   |       |        |   |   |       |   |
|--------|---------------------------------------------------------------------------------|---------------------------------------------------|---------------------------------------|------------|--------|---------|--------|------------|-------------|--------|--------|------------|--------|
|   |                                                                            |                                              |  Nine      Months Ended June 30, |       |
|   |                                                                            |                                              |                                  |       |
|   |                                                                            |                                              | 2009                                  |       |   | 2008    |   |
|   |                                                                            |                                              | Basic                                 |       |   | Diluted |   |       |  Basic |   |   | Diluted    |   |
|   |                                                                            | (Dollars      in Thousands Except Per Share Data) |                                  |
|   |                                                                            |                                              |                                  |       |   |    |   |       |        |   |   |       |   |
|   | Net      loss                                                                   |                                              | $                                     | (1,267     | )      |    | $      | (1,267     | )           |   | $      | (3,625     | )      |   | $ | (3,625 | ) |
|   | Weighted      average shares outstanding                                        |                                              |                                  | 10,530,671 |   |    |   | 10,530,671 |        |   |   | 10,879,946 |   |   |   | 10,879,946 |   |
|   | Effect      of common stock equivalents                                         |                                              |                                  | —    |   |    |   | 87,266     |        |   |   | —    |   |   |   | — |   |
|   | Adjusted      weighted average shares used in earnings per share    computation |                                              | $                                     | 10,530,671 |   |    | $      | 10,617,937 |        |   | $      | 10,879,946 |   |   | $ | 10,879,946 |   |
|   | Loss      per share - basic and diluted                                         |                                              | $                                     | (0.12      | )      |    | $      | (0.12      | )           |   | $      | (0.33      | )      |   | $ | (0.33 | ) |

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| 3.     | INVESTMENT      AND MORTGAGE-BACKED SECURITIES                                                                                                         |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                   |
|   | The      amortized cost and fair value of investment and mortgage-backed      securities, with gross unrealized gains and losses, are as      follows: |

|   |                                                                                            |   | June      30, 2009          |    |
|--------|-------------------------------------------------------------------------------------------------|--------|-----------------------------|---------|
|   |                                                                                            |   | AmortizedCost               |    |   | GrossUnrealizedGains |   |   | GrossUnrealizedLosses |   |   | EstimatedFairValue |   |
|   |                                                                                            |   | (Dollars      in Thousands) |    |
|   | Securities      held to maturity:                                                               |   |                        |    |   |   |   |   |   |   |   |   |   |
|   | Debt      securities - U.S. Treasury securities and securities of U.S. Government      agencies |   | $                           | 127,911 |   |   | $ | 543 |   |   | $ | (1,378 | ) |   | $ | 127,076 |   |
|   | Debt      securities - Municipal bonds                                                          |   |                        | 2,345   |   |   |   | 3 |   |   |   | — |   |   |   | 2,348 |   |
|   | Mortgage-backed      securities - U.S. Government agencies                                      |   |                        | 36,090  |   |   |   | 933 |   |   |   | — |   |   |   | 37,023 |   |
|   |                                                                                            |   |                        |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   | Total      securities held to maturity                                                          |   | $                           | 166,346 |   |   | $ | 1,479 |   |   | $ | (1,378 | ) |   | $ | 166,447 |   |
|   |                                                                                            |   |                        |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   | Securities      available for sale:                                                             |   |                        |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   | Debt      securities - U.S. Treasury securities and securities of U.S. Government      agencies |   | $                           | 2,000   |   |   | $ | — |   |   | $ | (33 | ) |   | $ | 1,967 |   |
|   | FHLMC      preferred stock                                                                      |   |                        | 16      |   |   |   | — |   |   |   | — |   |   |   | 16 |   |
|   | Mortgage-backed      securities - U.S. Government agencies                                      |   |                        | 45,995  |   |   |   | 1,373 |   |   |   | (376 | ) |   |   | 46,992 |   |
|   | Mortgage-backed      securities - Non-agency (1)                                                |   |                        | 11,206  |   |   |   | 6 |   |   |   | (3,261 | ) |   |   | 7,951 |   |
|   |                                                                                            |   |                        |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   | Total      securities available for sale                                                        |   | $                           | 59,217  |   |   | $ | 1,379 |   |   | $ | (3,670 | ) |   | $ | 56,926 |   |

|   | (1) | As      a result of the adoption of FSP SFAS 115-2 and SFAS 124-2, $2.3 million of      the unrealized loss is applicable to the non-credit component of      securities in which an OTTI charge has been  incurred. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |                                                                                            |   | September      30, 2008     |    |
|--------|-------------------------------------------------------------------------------------------------|--------|-----------------------------|---------|
|   |                                                                                            |   | AmortizedCost               |    |   | GrossUnrealizedGains |   |   | GrossUnrealizedLosses |   |   | EstimatedFairValue |   |
|   |                                                                                            |   | (Dollars      in Thousands) |    |
|   | Securities      held to maturity:                                                               |   |                        |    |   |   |   |   |   |   |   |   |   |
|   | Debt      securities - U.S. Treasury securities and securities of U.S. Government      agencies |   | $                           | 120,572 |   |   | $ | 112 |   |   | $ | (2,377 | ) |   | $ | 118,307 |   |
|   | Debt      securities - Municipal bonds                                                          |   |                        | 2,450   |   |   |   | — |   |   |   | (16 | ) |   |   | 2,434 |   |
|   | Mortgage-backed      securities - U.S. Government agencies                                      |   |                        | 40,281  |   |   |   | 95 |   |   |   | (565 | ) |   |   | 39,811 |   |
|   |                                                                                            |   |                        |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   | Total      securities held to maturity                                                          |   | $                           | 163,303 |   |   | $ | 207 |   |   | $ | (2,958 | ) |   | $ | 160,552 |   |
|   |                                                                                            |   |                        |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   | Securities      available for sale:                                                             |   |                        |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   | Debt      securities - U.S. Treasury securities and securities of U.S. Government      agencies |   | $                           | 3,000   |   |   | $ | — |   |   | $ | (124 | ) |   | $ | 2,876 |   |
|   | FNMA      stock                                                                                 |   |                        | — |   |   |   | 1 |   |   |   | — |   |   |   | 1 |   |
|   | FHLMC      preferred stock                                                                      |   |                        | 26      |   |   |   | 19 |   |   |   | — |   |   |   | 45 |   |
|   | Mortgage-backed      securities - U.S. Government agencies                                      |   |                        | 38,078  |   |   |   | 501 |   |   |   | (160 | ) |   |   | 38,419 |   |
|   | Mortgage-backed      securities - Non-agency                                                    |   |                        | 15,048  |   |   |   | 32 |   |   |   | (1,315 | ) |   |   | 13,765 |   |
|   |                                                                                            |   |                        |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   | Total      securities available for sale                                                        |   | $                           | 56,152  |   |   | $ | 553 |   |   | $ | (1,599 | ) |   | $ | 55,106 |   |

----

|   | The      following table shows the gross unrealized losses and related estimated      fair values of the Company’s investment securities, aggregated by      investment category and length of time that individual securities had been      in a continuous loss position at June 30,2009: |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |                                                                                            |   | Less      than 12 months    |    |   | More      than 12 months |   |
|--------|-------------------------------------------------------------------------------------------------|--------|-----------------------------|---------|--------|--------------------------|--------|
|   |                                                                                            |   | GrossUnrealizedLosses       |    |   | EstimatedFairValue       |   |   | GrossUnrealizedLosses |   |   | EstimatedFairValue |   |
|   |                                                                                            |   | (Dollars      in thousands) |    |
|   | Securities      held to maturity:                                                               |   |                        |    |   |                     |   |   |   |   |   |   |   |
|   | Debt      securities - U.S. Treasury securities and securities of U.S. Government      agencies |   | $                           | 1,354   |   |                     | $      | 74,135 |   |   | $ | 24 |   |   | $ | 1,972 |   |
|   |                                                                                            |   |                        |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |
|   | Total      securities held to maturity                                                          |   |                        | 1,354   |   |                     |   | 74,135 |   |   |   | 24 |   |   |   | 1,972 |   |
|   |                                                                                            |   |                        |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |
|   | Securities      available for sale:                                                             |   |                        |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |
|   | Debt      securities - U.S. Treasury securities and securities of U.S. Government      agencies |   |                        | — |   |                     |   | — |   |   |   | 33 |   |   |   | 1,967 |   |
|   | Mortgage-backed      securities - U.S. Government agencies                                      |   |                        | 376     |   |                     |   | 11,691 |   |   |   | — |   |   |   | — |   |
|   | Mortgage-backed      securities - Non-agency                                                    |   |                        | 3,261   |   |                     |   | 7,545 |   |   |   | — |   |   |   | — |   |
|   |                                                                                            |   |                        |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |
|   | Total      securities available for sale                                                        |   |                        | 3,637   |   |                     |   | 19,236 |   |   |   | 33 |   |   |   | 1,967 |   |
|   |                                                                                            |   |                        |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |
|   | Total                                                                                           |   | $                           | 4,991   |   |                     | $      | 93,371 |   |   | $ | 57 |   |   | $ | 3,939 |   |

|   | All      municipal bonds and mortgage-backed securities held to maturity were in an      unrealized gain position as of June 30, 2009.                                                                                                                                                                   |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                     |
|   | The      following table shows the gross unrealized losses and related estimated      fair values of the Company’s investment securities, aggregated by      investment category and length of time that individual securities had been      in a continuous loss position at September 30,  2008: |

|   |                                                                                            |   | Less      than 12 months    |   |   | More      than 12 months |   |
|--------|-------------------------------------------------------------------------------------------------|--------|-----------------------------|--------|--------|--------------------------|--------|
|   |                                                                                            |   | GrossUnrealizedLosses       |   |   | EstimatedFairValue       |   |   | GrossUnrealizedLosses |   |   | EstimatedFairValue |   |
|   |                                                                                            |   | (Dollars      in thousands) |   |
|   | Securities      held to maturity:                                                               |   |                        |   |   |                     |   |   |   |   |   |   |   |
|   | Debt      securities - U.S. Treasury securities and securities of U.S. government      agencies |   | $                           | 2,377  |   |                     | $      | 99,203 |   |   | $ | — |   |   | $ | — |   |
|   | Debt      securities - municipal bonds                                                          |   |                        | 9      |   |                     |   | 1,280 |   |   |   | 7 |   |   |   | 343 |   |
|   | Mortgage-backed      securities - U.S. government agencies                                      |   |                        | 308    |   |                     |   | 23,803 |   |   |   | 257 |   |   |   | 5,778 |   |
|   |                                                                                            |   |                        |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |
|   | Total      securities held to maturity                                                          |   |                        | 2,694  |   |                     |   | 124,286 |   |   |   | 264 |   |   |   | 6,121 |   |
|   |                                                                                            |   |                        |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |
|   | Securities      available for sale:                                                             |   |                        |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |
|   | Debt      securities - U.S. Treasury securities and securities of U.S. government      agencies |   |                        | 124    |   |                     |   | 2,876 |   |   |   | — |   |   |   | — |   |
|   | Mortgage-backed      securities - U.S. government agencies                                      |   |                        | 160    |   |                     |   | 14,701 |   |   |   |   |   |   |   |   |   |
|   | Mortgage-backed      securities - Non-agency                                                    |   |                        | 1,315  |   |                     |   | 8,276 |   |   |   | — |   |   |   | — |   |
|   |                                                                                            |   |                        |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |
|   | Total      securities available for sale                                                        |   |                        | 1,599  |   |                     |   | 25,853 |   |   |   | — |   |   |   | — |   |

----

|   | Management      has reviewed its investment securities and determined that for the nine      month period ended June 30, 2009 unrealized losses of $5.3 million on a      pre-tax basis for certain securities in the non-agency mortgage-backed      portfolio classified as available for sale were deemed other than      temporary.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|   | Management      evaluates securities for other-than-temporary impairment (“OTTI”) at least      on a quarterly basis, and more frequently when economic or market concerns      warrant such evaluation. The Company determines whether the unrealized      losses are temporary in accordance with EITF 99-20, Recognition      of Interest Income and Impairment on Purchased Retained Beneficial      Interests in Securitized Financial Asset as amended by FSP EITF      99-20-1, Amendments      to the Impairment Guidance of EITF Issue No. 99-20,when applicable,      and FSP SFAS No. 115-1 and SFAS No. 124-1,The      Meaning of Other-Than-Temporary Impairment and Its Application to Certain      Investments and FSP SFAS No. 115-2 and SFAS No. 124-2, Recognition      and Presentation of Other-Than-Temporary Impairments. The      evaluation is based upon factors such as the creditworthiness of the      issuers/guarantors, the underlying collateral, if applicable, and the      continuing performance of the securities. Management also evaluates other      facts and circumstances that may be indicative of an OTTI condition. This      includes, but is not limited to, an evaluation of the type of security,      length of time and extent to which the fair value has been less than cost,      and near-term prospects of the issuer.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|   | FSP      SFAS No. 115-2 and SFAS No. 124-2 requires the Company to assess whether      the credit loss existed by considering whether (1) the Company has the      intent to sell the security, (2) it is more likely than not that it will      be required to sell the security before recovery, or (3) it does not      expect to recover the entire amortized cost basis of the security. The      guidance allows the Company to bifurcate the OTTI impact on impaired      securities where impairment in value was deemed to be other than temporary      between the component representing credit loss and the component      representing loss related to other factors. The portion of the fair value      decline attributable to credit loss must be recognized through a charge to      earnings. Credit component is determined by comparing the present value of      the cash flows expected to be collected, discounted at the rate in effect      before recognizing any OTTI with the amortized cost basis of the debt      security. The Company uses the cash flow expected to be realized from the      security, which includes assumptions about interest rates, timing and      severity of defaults, estimates of potential recoveries, the cash flow      distribution from the bond indenture and other factors, then applies a      discount rate equal to the effective yield of the security. The difference      between the present value of the expected cash flows and the amortized      book value is considered a credit loss. The fair market value of the      security is determined using the same expected cash flows; the discount      rate is a rate the Company determines from open market and other sources      as appropriate for the security. The difference between the fair market      value and the security’s remaining amortized cost is recognized in other      comprehensive income. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|   | FSP      SFAS 115-2 and SFAS 124-2 were adopted by the Company for the quarter      ended March 31, 2009. Upon adoption, a cumulative effect adjustment was      recorded in the amount of $1.1 million to increase retained earnings with      an increase to unrealized losses in accumulated other comprehensive income      (loss). This amount represented the non-credit related impairment charge      related to the non-agency mortgage-backed securities discussed below. This      adjustment was made because the Company does not intend to sell and      more-likely-than-not will not be required to sell the security before      recovery of its amortized cost basis (i.e., the impairment does not meet      the new definition of other-than-temporary). The cumulative effect      adjustment is determined based on the difference between the present value      of the cash flows expected to be collected and the amortized cost basis of      the debt security as of the beginning of the interim period in which the      FSP is adopted. The cumulative effect adjustment includes the related tax      effects.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|   | For      the quarter ended June 30, 2009, the Company updated its assessment of the      unrealized losses with respect to the securities and whether the losses      were temporary in nature. Upon completion of this review, additional      credit losses of $243,000 were incurred related to securities that the      Company had previously recorded an OTTI charge in prior periods and a      $13,000 OTTI charge was recognized related to securities that were not      other-than-temporarily impaired prior to the current quarter. Application      of the guidance did not have a significant impact on other securities      which were in unrealized loss positions at June 30,  2009.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |

----

|   | The      following is a rollforward for the three months ended June 30, 2009 of the      amounts recognized in earnings related to credit losses on securities      which the Company has recorded other than temporary impairment charges      through earnings and other comprehensiveincome. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |                                                                                                                                   |   | (Dollars      in thousands) |   |
|--------|----------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------|--------|
|   | Credit      component of OTTI as of April 1, 2009                                                                                      |   | $                           | 2,379  |   |
|   |                                                                                                                                   |   |                        |   |   |
|   | Additions      for credit-related OTTI charges on previously unimpaired      securities                                                |   |                        | 243    |   |
|   |                                                                                                                                   |   |                        |   |   |
|   | Additional      increases as a result of impairment charges recognized on investments for      which an OTTI was previously recognized |   |                        | 13     |   |
|   |                                                                                                                                   |   |                        |   |   |
|   | Credit      component of OTTI as of June 30, 2009                                                                                      |   | $                           | 2,635  |   |

|   | Six      non-agency mortgage-backed securities have been determined to be      other-than-temporarily impaired due solely to credit related factors.      These securities have S&P credit ratings ranging from below investment      grade to AAA at June 30, 2009. Each of these securities holds various      levels of credit subordination. The underlying mortgage loans that      comprise these investment securities were originated in years 2004 through      2007 and consist of 87% interest only loans and 53% limited documentation      loans. A summary of key assumptions utilized to forecast future expected      cash flows on the securities determined to have OTTI were as follows as of      June 30, 2009: |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |                                      |   | June      30, 2009 |   |
|--------|-------------------------------------------|--------|--------------------|--------|
|   | Loss      severity                        |   |               | 50     | % |
|   | Expected      cumulative loss percentage  |   |               | 15     | % |
|   | Cumulative      loss percentage to date   |   |               | 0      | % |
|   | Weighted      average FICO score          |   |               | 731    |   |
|   | Weighted      average loan-to-value ratio |   |               | 72     | % |

|   | United      States Treasury and Government Sponsored Enterprise and Agency      Notes - The Company’s investments in the preceding table in United      States Government sponsored enterprise notes consist of debt obligations      of the Federal Home Loan Bank (“FHLB”), Federal Home Loan Mortgage      Corporation (“FHLMC”), Federal National Mortgage Association (“FNMA”), and      Federal Farm Credit System (“FFCS”). FHLB debt securities are rated by      both Moody’s and Standard & Poor’s. All long-term debt issued by the      FHLB banks is rated Aaa by Moody’s and AAA by Standard and Poor’s. All      short-term debt is rated “Prime-1” by Moody’s and A-1+ by Standard &      Poor’s. FNMA and FHLMC senior debt securities are also currently rated      “Aaa” by Moody’s , short-term debt is rated “Prime-1”, subordinated debt      is rated “Aa2” and preferred stock ratings are currently “Aa3” with      “Stable” outlooks. Farm Credit Designated Bonds are high credit quality,      liquid, non-callable and callable securities. The securities are Aaa rated      by Moody’s, AAA by Standard & Poor’s, and AAA by Fitch. At June 30,      2009, securities in a gross unrealized loss for less than twelve months      consist of 42 securities having an aggregate depreciation of 1.8% from the      Company’s amortized cost basis. Securities in a gross unrealized loss for      more than twelve months consisted of 3 securities having an aggregate      depreciation of 1.4% from the Company’s amortized cost basis. The      unrealized losses on these debt securities relates principally to the      changes in market interest rates and a lack of liquidity currently in the      financial markets and are not as a result of projected shortfall of cash      flows. In addition, the Company does not intend to sell these securities      and it is more likely than not that the Company will not be required to      sell the securities. As such, the Company anticipates it will recover the      entire amortized cost basis of the securities. As a result, the Company      does not consider these investments to be other-than-temporarily impaired      at June 30, 2009. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|   | State      and Municipal Obligations – The municipal bonds consist of      obligations of entities located in Pennsylvania. None of the municipal      bonds were in an unrealized loss position as of June 30,      2009.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |

----

|   | US      Agency Issued Mortgage-Backed Securities - At June 30, 2009, there      were no unrealized losses in the category of 12 months or longer. The      gross unrealized loss in the category of less than 12 months      was $376,000 or 0.8% and consisted of 13 securities that represent      asset-backed issues that are issued or guaranteed by a U.S. Government      sponsored agency or carry the full faith and credit of the United States      through a government agency and are currently rated AAA by at least one      bond credit rating agency. In September 2008, the U.S. Department of the      Treasury announced the establishment of the Government-Sponsored      Enterprise Credit Facility to ensure credit availability to Fannie Mae and      Freddie Mac. The Treasury also entered into senior preferred stock      purchase agreements, which ensure that each entity maintains a positive      net worth and effectively support the holders of debt and mortgage-backed      securities (“MBS”) issued or guaranteed by Fannie Mae and Freddie Mac. The      Agreements enhance market stability by providing additional security to      debt holders, senior and subordinated, thereby alleviating the concern of      the credit driven impairment of the securities. The unrealized loss on      these debt securities relates principally to the changes in market      interest rates and a lack of liquidity currently in the financial markets      and are not as a result of projected shortfall in cash flows. In addition,      the Company does not intend to sell the securities and it is more likely      than not that the Company will not be required to sell the securities. As      such, the Company expects to recover the entire amortized cost basis of      the securities. As a result, the Company does not consider these      investments to be other-than-temporarily impaired at June 30,      2009.                                                                                                                                                                                                                                                                                                                          |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|   | Non-Agency      Issued Mortgage-Backed Securities and Collateralized Mortgage      Obligations - This portfolio was acquired through the      redemption-in-kind of a mutual fund during 2008 and includes 75      collateralized mortgage obligations (“CMO”) and MBS securities issued by      large commercial financial institutions. These securities were performing      in accordance with their contractual terms as of June 30, 2009, and had      paid all contractual cash flows since the Company’s initial investment.      For the nine month period ended June 30, 2009 management recognized an      other than temporary impairment charge related to a portfolio of 61      securities in the amount of $5.3 million on a pre-tax basis due to the      fact that, in management’s judgment, the credit quality of the collateral      pool underlying such securities had deteriorated during the most recent      quarter to the point that full recovery of the entire amortized cost of      the investment was considered to be uncertain. This portfolio consists      primarily of the securities with underlying collateral of Alt-A loans and      those collateralized by home equity lines of credit and other receivables      as well as whole loans with more significant exposure to the declining      markets accountable for the balance of the other than temporary impairment      charges. 77% or $6.1 million of the portfolio is collateralized by      adjustable rate whole loans, 4.6% or $365,000 is collateralized by      Alternative A-paper (Alt-A) mortgages, with remainder of the securities      collateralized by the home equity lines of credit and other receivables.      For the overall portfolio of the securities, the Company’s exposure to the      declining real estate markets such as California and Florida is      approximately 39%. Consequently, an other-than- temporary impairment      charge was deemed to be warranted as of June 30, 2009. Of the recorded      charge, a total of $3.1 million was concluded to be credit related and      recognized currently in earnings and $2.3 million was concluded to be      attributable to other factors and recognized in other comprehensive      income. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|   | As      of January 1, 2009, as a result of adoption of FSP SFAS 115-2 and SFAS      124-2, $1.1 million of the other-than-temporary impairment loss was deemed      to be attributable to other factors and reclassified from beginning      retained earnings to accumulated other comprehensive income at January 1,      2009. The Company also recognized a reduction to our deferred tax      valuation allowance of $390,000.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|   | With      respect to the remainder of the securities in the non-agency MBS      portfolio, there were no unrealized losses in the category of 12 months or      longer in any of the Company’s investments and the gross unrealized loss      in the category of less than 12 months was $974,000 and consisted of 19      securities issued by non-agency issuers with the book value of $3.0      million of the total portfolio of MBS available for sale of $56.9 million.      In the portfolio of unrealized losses, 14 of the securities with the      aggregate decline of $761,000 are at least “AA” rated by at least one      nationally recognized rating agency. Remaining securities in the portfolio      are “B” rated by at least one nationally recognized rating agency. As of      June 30, 2009, with the exception of 61 securities discussed above, there      are no securities for which the Company currently believes it is not      probable that it will collect all amounts due according to the contractual      terms of the investment. Management concluded that an other-than-temporary      impairment did not exist and the decline in value was attributed to the      illiquidity in the financial markets. In addition, the Company does not      intend to sell these securities and it is more likely than not that the      Company will not be required to sell these  securities.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |

----

|   | The      amortized cost and estimated fair value of debt securities, by contractual      maturity, are shown below. Expected maturities will differ from      contractual maturities because borrowers may have the right to call or      prepay obligations with or without call or prepayment      penalties. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |                                  |                        | June      30, 2009          |    |
|--------|---------------------------------------|-----------------------------|-----------------------------|---------|
|   |                                  |                        |  Held      to Maturity |    |   |  Available      for Sale |   |
|   |                                  |                        | AmortizedCost               |    |   | EstimatedFairValue |   |   | AmortizedCost |   |   | EstimatedFairValue |   |
|   |                                  | (Dollars      in thousands) |                        |
|   | Due      within one year              |                        | $                           | 2,000   |   |   | $ | 2,068 |   |   | $ | — |   |   | $ | — |   |
|   | Due      after one through five years |                        |                        | 1,165   |   |   |   | 1,166 |   |   |   | — |   |   |   | — |   |
|   | Due      after five through ten years |                        |                        | 47,662  |   |   |   | 47,382 |   |   |   | — |   |   |   | — |   |
|   | Due      after ten years              |                        |                        | 79,429  |   |   |   | 78,808 |   |   |   | 2,000 |   |   |   | 1,967 |   |
|   |                                  |                        |                        |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   | Total                                 |                        | $                           | 130,256 |   |   | $ | 129,424 |   |   | $ | 2,000 |   |   | $ | 1,967 |   |

|   | The      maturity table above excludes mortgage-backed securities because the      contractual maturities are not indicative of actual maturities due to      significant prepayments. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                   |
| 4.     | LOANS      RECEIVABLE                                                                                                                                                                  |
|   |                                                                                                                                                                                   |
|   | Loans      receivable consist of thefollowing:                                                                                                                                         |

|   |                                         |   | June      30,2009           |    |   | September      30,2008 |   |
|--------|----------------------------------------------|--------|-----------------------------|---------|--------|------------------------|--------|
|   |                                         |   | (Dollars      in Thousands) |    |
|   | One-to-four      family residential          |   | $                           | 199,176 |   |                   | $      | 191,344 |   |
|   | Multi-family      residential                |   |                        | 2,599   |   |                   |   | 2,801 |   |
|   | Commercial      real estate                  |   |                        | 20,516  |   |                   |   | 20,518 |   |
|   | Construction      and land development       |   |                        | 37,887  |   |                   |   | 42,634 |   |
|   | Commercial      business                     |   |                        | 1,598   |   |                   |   | 465 |   |
|   | Consumer                                     |   |                        | 694     |   |                   |   | 739 |   |
|   |                                         |   |                        |    |   |                   |   |   |   |
|   | Total      loans                             |   |                        | 262,470 |   |                   |   | 258,501 |   |
|   |                                         |   |                        |    |   |                   |   |   |   |
|   | Undisbursed      portion of loans-in-process |   |                        | (7,996  | )      |                   |   | (13,515 | ) |
|   | Deferred      loan costs, net                |   |                        | 643     |   |                   |   | 574 |   |
|   | Allowance      for loan losses               |   |                        | (2,502  | )      |                   |   | (1,591 | ) |
|   |                                         |   |                        |    |   |                   |   |   |   |
|   | Net                                          |   | $                           | 252,615 |   |                   | $      | 243,969 |   |

----

|   | The      following schedule summarizes the changes in the allowance for loan      losses: |
|--------|-------------------------------------------------------------------------------------------|

|   |                              |   | Nine      Months Ended June 30, |    |
|--------|-----------------------------------|--------|---------------------------------|---------|
|   |                              |   | 2009                            |    |   | 2008 |   |
|   |                              |   | (Dollars      in Thousands)     |    |
|   |                              |   |                            |    |   |   |   |
|   | Balance,      beginning of period |   | $                               | 1,591   |   |   | $ | 1,011 |   |
|   | Provision      for loan losses    |   |                            | 1,173   |   |   |   | 262 |   |
|   | Charge-offs                       |   |                            | (262    | ) |   |   | (503 | ) |
|   | Recoveries                        |   |                            | — |   |   |   | — |   |
|   |                              |   |                            |    |   |   |   |   |   |
|   | Balance,      end of period       |   | $                               | 2,502   |   |   | $ | 770 |   |

|   | The      Company established a provision for loan losses of $810,000 for the      quarter ended June 30, 2009 and $1.2 million for the nine month period      ended June 30, 2009 as compared to $112,000 and $262,000 for the      comparable periods in 2008. The largest factor in the increase of the loan      loss provision for the 2009 periods related to a $294,000 specific reserve      established in the third quarter of fiscal 2009 on a $1.0 million      construction loan for a 17 unit townhouse project in Philadelphia.      Although the loan is performing according to contractual terms and the      project is substantially complete, the loan balance exceeds the current      market value of the collateral securing the loan. In addition, sales of      the townhouses in the project have been much slower than initially      anticipated. Furthermore, due to the decline in market values and slower      than anticipated sales, three construction loans with unpaid principal      balances totaling $5.9 million were internally downgraded to substandard      status from a special mention category necessitating an increase in our      loan loss reserve. These three loans were, however, performing in      accordance with their contractual terms as of June 30, 2009. At June 30,      2009, the Company’s non-performing assets totaled $6.1 million or 1.2% of      total assets as compared to $5.5 million at September 30, 2008. At June      30, 2009, non-performing assets consisted of one construction loan      totaling $640,000, eight one-to four-family residential mortgage loans      totaling $980,000 and three real estate owned (“REO”) properties totaling      $4.4 million. The largest REO was a construction loan for a condominium      project in which another bank acted as the lead lender. The lead lender      took possession of the property in March 2009. The Company’s REO balance      for the property is $2.8 million. The allowance for loan losses totaled      $2.5 million, or 1.0% of total loans and 154.4% of non-performing loans at      June 30, 2009. At September 30, 2008 the allowance for loan losses totaled      $1.6 million, or 0.6% of total loans and 39.0% of non-performing      loans. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|   | An      impaired loan generally is one for which it is probable, based on current      information, that the lender will not collect all the amounts due under      the contractual terms of the loan. Large groups of smaller balance,      homogeneous loans are collectively evaluated for impairment. Loans      collectively evaluated for impairment include smaller balance commercial      real estate loans, residential real estate loans and consumer loans. These      loans are evaluated as a group because they have similar characteristics      and performance experience. Larger commercial real estate, construction      and commercial business loans are individually evaluated for      impairment.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|   | As      of June 30, 2009 and September 30, 2008, the recorded investment in loans      that are considered to be impaired was as  follows:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |

|   |                                                              |   | June      30,               |    |   | September      30, |   |
|--------|-------------------------------------------------------------------|--------|-----------------------------|---------|--------|--------------------|--------|
|   |                                                              |   | 2009                        |    |   | 2008               |   |
|   |                                                              |   | (Dollars      in thousands) |    |
|   | Impaired      colateral-dependent loans with related allowance    |   | $                           | 1,639   |   |               | $      | 3,640 |   |
|   | Impaired      colateral-dependent loans with no related allowance |   | $                           | — |   |               | $      | — |   |

----

|   | Other      data for impaired loans as of June 30, 2009 and 2008 is as      follow: |
|--------|------------------------------------------------------------------------------------|

|   |                                              |   | For      the Nine Months Ended June 30, |   |
|--------|---------------------------------------------------|--------|-----------------------------------------|--------|
|   |                                              |   | 2009                                    |   |   | 2008 |   |
|   |                                              |   | (Dollars      in thousands)             |   |
|   | Average      impaired loans                       |   | $                                       | 3,678  |   |   | $ | 2,022 |   |
|   | Interest      income recognized on impaired loans |   | $                                       | 54     |   |   | $ | — |   |

| 5.     | DEPOSITS                                                     |
|--------|--------------------------------------------------------------|
|   |                                                         |
|   | Deposits      consist of the following majorclassifications: |

|   |                                               |   |  June      30,2009     |    |   |  September      30,2008 |   |
|--------|----------------------------------------------------|--------|-----------------------------|---------|--------|------------------------------|--------|
|   |                                               |   |                        |    |   |                         |   |   |   |   |   |   |   |
|   |                                               |   | Amount                      |    |   | Percent                      |   |   | Amount |   |   | Percent |   |
|   |                                               |   | (Dollars      in Thousands) |    |
|   | Money      market deposit accounts                 |   | $                           | 74,639  |   |                         |   | 17.3 | % |   | $ | 66,484 |   |   |   | 17.6 | % |
|   | NOW      accounts                                  |   |                        | 28,640  |   |                         |   | 6.6 |   |   |   | 27,335 |   |   |   | 7.3 |   |
|   | Passbook,      club and statement savings          |   |                        | 65,441  |   |                         |   | 15.1 |   |   |   | 67,921 |   |   |   | 18.0 |   |
|   | Certificates      maturing in six months or less   |   |                        | 127,292 |   |                         |   | 29.5 |   |   |   | 93,141 |   |   |   | 24.7 |   |
|   | Certificates      maturing in more than six months |   |                        | 136,205 |   |                         |   | 31.5 |   |   |   | 121,949 |   |   |   | 32.4 |   |
|   |                                               |   |                        |    |   |                         |   |   |   |   |   |   |   |   |   |   |   |
|   | Total                                              |   | $                           | 432,217 |   |                         |   | 100.0 | % |   | $ | 376,830 |   |   |   | 100.0 | % |

|   | At      June 30, 2009 and September 30, 2008, the weighted average rate paid on      deposits was 2.63% and 3.34%, respectively. |
|--------|----------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                             |
|   | Certificates      $100,000 and over totaled $92.0 million as of June 30, 2009 and $66.7      million as of September 30,2008.    |

----

| 6.     | INCOME      TAXES                                                                               |
|--------|-------------------------------------------------------------------------------------------------|
|   |                                                                                            |
|   | Items      that gave rise to significant portions of deferred income taxes are as      follows: |

|   |                                                       |   | June      30,2009           |   |   | September      30,2008(As      restated,See      Note 10) |   |
|--------|------------------------------------------------------------|--------|-----------------------------|--------|--------|-----------------------------------------------------------|--------|
|   |                                                       |   | (Dollars      in thousands) |   |
|   | Deferred      tax assets:                                  |   |                        |   |   |                                                      |   |
|   | Unrealized      loss on available for sale securities      |   | $                           | 779    |   |                                                      | $      | 356 |   |
|   | Deposit      premium                                       |   |                        | 179    |   |                                                      |   | 216 |   |
|   | Allowance      for loan losses                             |   |                        | 896    |   |                                                      |   | 594 |   |
|   | Real      estate owned expenses                            |   |                        | 178    |   |                                                      |   | 99 |   |
|   | Nonaccrual      interest                                   |   |                        | 12     |   |                                                      |   | 21 |   |
|   | Accrued      vacation                                      |   |                        | 45     |   |                                                      |   | 34 |   |
|   | Capital      loss carryforward                             |   |                        | 1,873  |   |                                                      |   | 1,873 |   |
|   | Impairment      loss                                       |   |                        | 1,286  |   |                                                      |   | 247 |   |
|   | Split      dollar life insurance                           |   |                        | 122    |   |                                                      |   | — |   |
|   | Post-retirement      benefits                              |   |                        | 198    |   |                                                      |   | 200 |   |
|   | Employee      benefit plans                                |   |                        | 203    |   |                                                      |   | 110 |   |
|   | Total      deferred tax assets                             |   |                        | 5,771  |   |                                                      |   | 3,750 |   |
|   | Valuation      allowance                                   |   |                        | (2,734 | )      |                                                      |   | (1,991 | ) |
|   | Total      deferred tax assets, net of valuation allowance |   |                        | 3,037  |   |                                                      |   | 1,759 |   |
|   |                                                       |   |                        |   |   |                                                      |   |   |   |
|   | Deferred      tax liabilities:                             |   |                        |   |   |                                                      |   |   |   |
|   | Property                                                   |   |                        | 477    |   |                                                      |   | 467 |   |
|   | Mortgage      servicing rights                             |   |                        | 4      |   |                                                      |   | 6 |   |
|   | Deferred      loan fees                                    |   |                        | 218    |   |                                                      |   | 195 |   |
|   | Total      deferred tax liabilities                        |   |                        | 699    |   |                                                      |   | 668 |   |
|   |                                                       |   |                        |   |   |                                                      |   |   |   |
|   | Net      deferred tax asset                                |   | $                           | 2,338  |   |                                                      | $      | 1,091 |   |

|   | The      Company establishes a valuation allowance for deferred tax assets when      management believes that the deferred tax assets are not likely to be      realized either through a carryback to taxable income in prior years,      future reversals of existing taxable temporary differences, and, to a      lesser extent, future taxable income. The tax deduction generated by the      mutual fund sale and impairment charge on certain non-agency      mortgage-backed securities are considered capital losses and can only be      utilized to the extent of realized capital gains over a five year period      subsequent to the year in which the capital loss occurred, resulting in      the establishment of a valuation allowance in the amount of $2.7 million      for the carryforward period.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   | The      Company accounts for income taxes in accordance with SFAS 109, Accounting      For Income Taxes, and      FIN No. 48, Accounting for Uncertainty in Income Taxes - an interpretation      of FASB Statement No. 109. FIN No. 48 clarifies the accounting for      income taxes by prescribing a minimum probability threshold that a tax      position must meet before a financial statement benefit is recognized. The      minimum threshold is defined in FIN No. 48 as a tax position that is more      likely than not to be sustained upon examination by the applicable taxing      authority, including resolution of any related appeals or litigation      processes, based on the technical merits of the position. The tax benefit      to be recognized is measured as the largest amount of benefit that has      greater than fifty percent likelihood of being realized upon ultimate      settlement. FIN No. 48 was applied to all existing tax positions upon      initial adoption. There is currently no liability for uncertain tax      positions and no known unrecognized tax benefits. The Company recognizes,      when applicable, interest and penalties related to unrecognized tax      benefits in the provision for income taxes in the Unaudited Consolidated      Statement of Operations. As of June 30, 2009, the Internal Revenue Service      is in the process of an audit of the Company’s tax returns for the year      ended September 30, 2007. No findings have been communicated to the      Company. The Company’s federal and state income tax returns for taxable      years through September 30, 2005 have been closed for purposes of      examination by the Internal Revenue Service and the Pennsylvania      Department of Revenue. |

----

| 7.     | STOCK      COMPENSATION PLANS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   | The      Company accounts for its share-based compensation in accordance with SFAS      No. 123R (revised 2004), Share-Based      Payment. This statement requires an entity to recognize the cost of      employee services received in share-based payment transactions and      measures the cost using the grant-date fair value of the award. The cost      is recognized over the period during which an employee is required to      provide service in exchange for the award.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   | In      December 2008, the shareholders of the Company approved the adoption of      the 2008 Recognition and Retention Plan (“RRP”). A committee of the Board      of Directors of the Company administers the RRP. The RRP provides for the      grant of shares of common stock of the Company to certain officers,      employees and directors of the Company. In order to fund the grant of      shares under the RRP, the RRP Trust purchased 226,148 shares of the      Company’s common stock in the open market for approximately $2.5 million,      at an average price per share of $10.85. The Company made sufficient      contributions to the RRP Trust to fund these purchases. No additional      purchases are expected to be made by the RRP Trust under this plan. During      January 2009, grants covering 173,228 shares were awarded as part of the      RRP. The remaining shares in the RRP Trust will be available for future      awards. Shares subject to awards under the RRP will generally vest at the      rate of 20% per year over five years. As of June 30, 2009, no awards had      become fully or partially vested and no shares were    forfeited. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   | Compensation      expense related to the shares subject to awards granted is recognized      ratably over the five-year vesting period in an amount which totals the      share price at the grant date. During the three and nine months ended June      30, 2009, approximately $97,000 and $184,000, respectively, was recognized      in compensation expense for the RRP. Tax benefits of $33,000 and $63,000,      respectively, were recognized during the three and nine months ended June      30, 2009. There was no compensation expense recognized related to the RRP      during the comparable periods in 2008. At June 30, 2009, approximately      $1.7 million in additional compensation expense for the shares awarded      related to the RRP remained unrecognized.                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   | A      summary of the Company’s non-vested stock award activity for the nine      months ended June 30, 2009 is presented in the following      table:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |

|   |                                                 |   |  Nine      Months EndedJune      30, 2009 |    |
|--------|------------------------------------------------------|--------|------------------------------------------------|---------|
|   |                                                 |   | Number      ofShares                           |    |   | Weighted      AverageGrant      Date FairValue |   |
|   |                                                 |   |                                           |    |   |   |   |
|   | Nonvested      stock awards at beginning of year     |   |                                           | — |   |   | $ | — |   |
|   | Issued                                               |   |                                           | 173,228 |   |   |   | 11.17 |   |
|   | Vested                                               |   |                                           | — |   |   |   | — |   |
|   | Nonvested      stock awards at the end of the period |   |                                           | 173,228 |   |   | $ | 11.17 |   |

----

|   | In      December 2008, the shareholders of the Company also approved the adoption      of the 2008 Stock Option Plan. The Stock Option Plan authorizes the grant      of stock options to officers, employees and directors of the Company to      acquire shares of common stock with an exercise price at least equal to      the market value of the common stock on the grant date. Options will      generally become vested and exercisable at the rate of 20% per year over      five years and are generally exercisable for a period of ten years after      the grant date. A total of 565,369 shares of common stock are available      for future issuance pursuant to the Stock Option Plan. There were 315,194      incentive stock options and 113,072 non-qualified stock options awarded      during January 2009. As of June 30, 2009, no options were vested or had      been forfeited. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   | A      summary of the status of the Company’ stock options under the Stock Option      Plan as of June 30, 2009 and changes during the nine month period ended      June 30, 2009 are presentedbelow:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |

|   |                                      |   |  Nine      Months EndedJune      30, 2009 |    |
|--------|-------------------------------------------|--------|------------------------------------------------|---------|
|   |                                      |   | Number      ofShares                           |    |   | Weighted      AverageExercise      Price |   |
|   |                                      |   |                                           |    |   |   |   |
|   | Outstanding      at beginning of year     |   |                                           | — |   |   | $ | — |   |
|   | Granted                                   |   |                                           | 428,266 |   |   |   | 11.17 |   |
|   | Exercised                                 |   |                                           | — |   |   |   | — |   |
|   | Forfeited                                 |   |                                           | — |   |   |   | — |   |
|   | Outstanding      at the end of the period |   |                                           | 428,266 |   |   | $ | 11.17 |   |
|   | Exercisable      at the end of the period |   |                                           | — |   |   | $ | — |   |

|   | The      weighted average remaining contractual term was approximately 9.5 years      for options outstanding as of June 30, 2009. No options were exercisable      as of June 30, 2009.                                                                                              |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                  |
|   | The      estimated fair value of options granted during fiscal 2009 was $2.81 per      share. The fair value was estimated on the date of grant in accordance      with SFAS No. 123R using the Black-Scholes pricing model with the      following weighted average assumptionsused: |

|   |                          |   | June      30, 2009 |   |
|--------|-------------------------------|--------|--------------------|--------|
|   | Dividend      yield           |   |               | 1.79   | % |
|   | Expected      volatility      |   |               | 27.94  | % |
|   | Risk-free      interest rate  |   |               | 1.96   | % |
|   | Expected      life of options |   | 6.5      years     |   |

|   | During      the three and nine months ended June 30, 2009, $59,000 and $115,000,      respectively, was recognized in compensation expense for the Stock Option      Plan. Tax benefits of $5,000 and $10,000, respectively, were recognized      during the three and nine months ended June 30, 2009. There was no      compensation expense recognized related to the Stock Option Plan during      the comparable periods in 2008. At June 30, 2009, approximately $1.1      million in additional compensation expense for awarded options remained      unrecognized. The weighted average period over which this expense will be      recognized is approximately 4.5 years. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 8.     | COMMITMENTS      AND CONTINGENT LIABILITIES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|   | At      June 30, 2009, the Company had $10.1 million in outstanding commitments to      originate fixed and variable-rate loans with market interest rates ranging      from 5.00% to 6.75%. At September 30, 2008, the Company had $18.6 million      in outstanding commitments to originate fixed and variable-rate loans with      market interest rates ranging from 5.50% to  8.50%.                                                                                                                                                                                                                                                                                          |

----

|   | The      Company also had commitments under unused lines of credit of $7.0 million      and $5.9 million at June 30, 2009 and September 30, 2008, respectively,      and letters of credit outstanding of $95,000 at both June 30, 2009 and      September 30, 2008.                                                                                                                                                                                                                                                                                                                                                                     |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   | Among      the Company’s contingent liabilities are exposures to limited recourse      arrangements with respect to the Company’s sales of whole loans and      participation interests. At June 30, 2009, the exposure, which represents      a portion of credit risk associated with the interests sold, amounted to      $64,000. This exposure is for the life of the related loans and payables,      on our proportionate share, as actual losses are  incurred.                                                                                                                                                      |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   | The      Company is involved in various legal proceedings occurring in the ordinary      course of business. Management of the Company, based on discussions with      litigation counsel, believes that such proceedings will not have a      material adverse effect on the financial condition, operations or cash      flows of the Company. There can be no assurance that any of the      outstanding legal proceedings to which the Company is a party will not be      decided adversely to the Company’s interests and have a material adverse      effect on the financial condition and operations of the      Company. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 9.     | FAIR      VALUE MEASUREMENT                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   | The      following disclosure of the estimated fair value of financial instruments      is made in accordance with the requirements of SFAS No. 107, Disclosure      about Fair Value of Financial Instruments.                                                                                                                                                                                                                                                                                                                                                                                                                          |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   | The      estimated fair value amounts have been determined by the Company using      available market information and appropriate valuation methodologies.      However, considerable judgment is necessarily required to interpret market      data to develop the estimates of fair value.                                                                                                                                                                                                                                                                                                                                             |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   | Accordingly,      the estimates presented herein are not necessarily indicative of the      amounts the Company could realize in a current market exchange. The use of      different market assumptions and/or estimation methodologies may have a      material effect on the estimated fair value  amounts.                                                                                                                                                                                                                                                                                                                           |

|   |                                                                            |   |  June      30,         |    |   |  September      30, |   |
|--------|---------------------------------------------------------------------------------|--------|-----------------------------|---------|--------|--------------------------|--------|
|   |                                                                            |   |  2009                  |    |   |  2008               |   |
|   |                                                                            |   | CarryingAmount              |    |   | EstimatedFairValue       |   |   | CarryingAmount |   |   | EstimatedFairValue |   |
|   |                                                                            |   | (Dollars      in thousands) |    |
|   | Assets:                                                                         |   |                        |    |   |                     |   |   |   |   |   |   |   |
|   | Cash      and cash equivalents                                                  |   | $                           | 16,174  |   |                     | $      | 16,174 |   |   | $ | 9,454 |   |   | $ | 9,454 |   |
|   | Investment      and mortgage-backed securities held to maturity                 |   |                        | 166,346 |   |                     |   | 166,447 |   |   |   | 163,303 |   |   |   | 160,552 |   |
|   | Investment      securities and mortgage-backed securities available for    sale |   |                        | 56,926  |   |                     |   | 56,926 |   |   |   | 55,106 |   |   |   | 55,106 |   |
|   | Loans      receivable, net                                                      |   |                        | 252,615 |   |                     |   | 256,203 |   |   |   | 243,969 |   |   |   | 244,772 |   |
|   | Accrued      interest receivable:                                               |   |                        |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |
|   | Loans      receivable                                                           |   |                        | 1,335   |   |                     |   | 1,335 |   |   |   | 1,291 |   |   |   | 1,291 |   |
|   | Mortgage-backed      securities                                                 |   |                        | 384     |   |                     |   | 384 |   |   |   | 393 |   |   |   | 393 |   |
|   | Investment      securities                                                      |   |                        | 1,623   |   |                     |   | 1,623 |   |   |   | 1,493 |   |   |   | 1,493 |   |
|   | Federal      Home Loan Bank stock                                               |   |                        | 3,545   |   |                     |   | 3,545 |   |   |   | 2,620 |   |   |   | 2,620 |   |
|   |                                                                            |   |                        |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |
|   | Liabilities:                                                                    |   |                        |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |
|   | NOW      accounts                                                               |   |                        | 28,640  |   |                     |   | 28,640 |   |   |   | 27,335 |   |   |   | 27,335 |   |
|   | Money      market deposit accounts                                              |   |                        | 74,639  |   |                     |   | 74,639 |   |   |   | 66,484 |   |   |   | 66,484 |   |
|   | Passbook,      club and statement savings accounts                              |   |                        | 65,441  |   |                     |   | 65,441 |   |   |   | 67,921 |   |   |   | 67,921 |   |
|   | Certificates      of deposit                                                    |   |                        | 263,497 |   |                     |   | 269,590 |   |   |   | 215,090 |   |   |   | 217,290 |   |
|   | Advances      from Federal Home Loan Bank                                       |   |                        | 19,670  |   |                     |   | 20,408 |   |   |   | 31,701 |   |   |   | 32,233 |   |
|   | Accrued      interest payable                                                   |   |                        | 3,100   |   |                     |   | 3,100 |   |   |   | 3,471 |   |   |   | 3,471 |   |

----

|   | Cash      and Cash Equivalents—For cash and cash equivalents, the carrying      amount is a reasonable estimate of fair    value.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   | Investments      and Mortgage-Backed Securities—The      fair value of investment securities and mortgage-backed securities is      based on quoted market prices, dealer quotes, and prices obtained from      independent pricing services that may be derivable from observable and      unobservable market inputs.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   | Loans      Receivable—The      fair value of loans is estimated based on present value using the current      rates at which similar loans would be made to borrowers with similar      credit ratings and for the same remaining      maturities.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   | Accrued      Interest Receivable –      For accrued interest receivable, the carrying amount is a reasonable      estimate of fair value.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   | Federal      Home Loan Bank (FHLB) Stock—Although      FHLB stock is an equity interest in an FHLB, it is carried at cost because      it does not have a readily determinable fair value as its ownership is      restricted and it lacks a market. The estimated fair value approximates      the carrying amount.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   | NOW      Accounts, Money Market Deposit Accounts, Passbook Accounts, Club Accounts,      Statement Savings Accounts, and Certificates of Deposit—The      fair value of passbook accounts, club accounts, statement savings      accounts, NOW accounts, and money market deposit accounts is the amount      reported in the financial statements. The fair value of certificates of      deposit is based on a present value estimate using rates currently offered      for deposits of similar remaining  maturity.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   | Advances      from Federal Home Loan Bank—The      fair value of advances from FHLB is the amount payable on demand at the      reporting date.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   | Accrued      Interest Payable –      For accrued interest payable, the carrying amount is a reasonable estimate      of fair value.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   | Commitments      to Extend Credit and Letters of Credit—The      majority of the Bank’s commitments to extend credit and letters of credit      carry current market interest rates if converted to loans. Because      commitments to extend credit and letters of credit are generally      unassignable by either the Bank or the borrower, they only have value to      the Bank and the borrower. The estimated fair value approximates the      recorded deferred fee amounts, which are not      significant.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   | The      fair value estimates presented herein are based on pertinent information      available to management as of June 30, 2009 and September 30, 2008,      respectively. Although management is not aware of any factors that would      significantly affect the estimated fair value amounts, such amounts have      not been comprehensively revalued for purposes of these financial      statements since that date and, therefore, current estimates of fair value      may differ significantly from the amounts presented  herein.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   | Effective      October 1, 2008, the Company adopted FASB issued SFAS No. 157, Fair      Value Measurements. SFAS No. 157 defines fair value, establishes a      framework for measuring fair value, and expands disclosures about fair      value measurements. SFAS No. 157 does not require any new fair value      measurements. The definition of fair value retains the exchange price      notion in earlier definitions of fair value. SFAS No. 157 clarifies that      the exchange price is the price in an orderly transaction between market      participants to sell the asset or transfer the liability in the market in      which the reporting entity would transact for the asset or liability. The      definition focuses on the price that would be received to sell the asset      or paid to transfer the liability (an exit price), not the price that      would be paid to acquire the asset or received to assume the liability (an      entry price). SFAS No. 157 emphasizes that fair value is a market-based      measurement, not an entity-specific measurement. FSP No. 157-2, Effective      Date of FASB Statement No. 157, issued in February 2008, delays the      effective date of SFAS No. 157 for nonfinancial assets and nonfinancial      liabilities, except for items that are recognized or disclosed at fair      value in an entity’s financial statements on a recurring basis (at least      annually), to fiscal years beginning after November 15,    2008. |

----

|   | In      October 2008, the FASB issued FSP FAS 157-3, Determining      the Fair Value of a Financial Asset When the Market for That Asset Is Not      Active (“FSP FAS 157-3”). The purpose of FSP FAS 157-3 was to      clarify the application of SFAS No. 157, for a market that is not active.      It also allows for the use of management’s internal assumptions about      future cash flows with appropriately risk-adjusted discount rates when      relevant observable market data does not exist. FSP FAS 157-3 did not      change the objective of SFAS No. 157 which is the determination of the      price that would be received in an orderly transaction that is not a      forced liquidation or distressed sale at the measurement date. FSP FAS      157-3 was effective upon issuance, including prior periods for which      financial statements had not been issued. The adoption of FSP FAS 157-3      had no impact on the Company’s financial condition or results of      operations. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
|   | In      April 2009, the FASB issued FSP SFAS No. 157-4, Determining      Fair Value When the Volume and Level of Activity for the Asset or      Liability Have Significantly Decreased and Identifying Transactions That      Are Not Orderly. FSP SFAS No. 157-4 includes additional factors for      determining whether there has been a significant decrease in market      activity, affirms the objective of fair value when a market is not active,      eliminates the presumption that all transactions are not orderly unless      proven otherwise, and requires an entity to disclose inputs and valuation      techniques, and changes therein, used to measure fair value. Provisions of      the FSP SFAS No. 157-4 are to be adopted concurrent with the adoption of      FSP SFAS No. 115-2 and SFAS No. 124-2. The Company adopted the      requirements of FSP No. 157-4 as of January 1, 2009. The adoption did not      have an impact on the Company’s financial condition or results of      operations.       |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
|   | SFAS      No. 157 establishes a fair value hierarchy which requires an entity to      maximize the use of observable inputs and minimize the use of unobservable      inputs when measuring fair value. The standard describes three levels of      inputs that may be used to measure fair value:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
|   | Level      1                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | Quoted      prices in active markets for identical assets or    liabilities. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
|   | Level      2                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | Observable      inputs other than Level 1 prices, such as quoted prices for similar assets      or liabilities; quoted prices in markets that are not active; or other      inputs that are observable or can be corroborated by observable market      data for substantially the full term of the assets or      liabilities. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
|   | Level      3                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | Unobservable      inputs that are supported by little or no market activity and that are      significant to the fair value of the assets or liabilities. Level 3 assets      and liabilities include financial instruments whose value is determined      using pricing models, discounted cash flow methodologies, or similar      techniques, as well as instruments for which the determination of fair      value requires significant management judgment or    estimation. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
|   | Those      assets which will continue to be measured at fair value on a recurring      basis as of June 30, 2009 are asfollows:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |

|   |                                                         |   | Category      Used for Fair Value Measurement |    |
|--------|--------------------------------------------------------------|--------|-----------------------------------------------|---------|
|   |                                                         |   | Level      1                                  |    |   | Level      2 |   |   | Level      3 |   |   | Total |   |
|   |                                                         |   | (Dollars      in Thousands)                   |    |
|   |                                                         |   |                                          |    |   |   |   |   |   |   |   |   |   |
|   | Assets:                                                      |   |                                          |    |   |   |   |   |   |   |   |   |   |
|   | Securities      available for sale:                          |   |                                          |    |   |   |   |   |   |   |   |   |   |
|   | U.S.      Government agencies and mortgage-backed securities |   | $                                             | — |   |   | $ | 48,959 |   |   | $ | — |   |   | $ | 48,959 |   |
|   | Non-agency      mortgage-backed securities                   |   |                                          | — |   |   |   | 7,868 |   |   |   | 83 |   |   |   | 7,951 |   |
|   | FNMA      and FHLMC preferred stock                          |   |                                          | 16      |   |   |   | — |   |   |   | — |   |   |   | 16 |   |
|   | Total                                                        |   | $                                             | 16      |   |   | $ | 56,827 |   |   | $ | 83 |   |   | $ | 56,926 |   |

|   | As      a result of general market conditions and the illiquidity in the market      for certain non-agency mortgage-backed securities, management deemed it      necessary to classify certain securities as Level 3. These securities were      priced by a third party specialist utilizing recent prices for similar      securities as inputs in the standard discounted cash flow model, adjusted      for assumptions unobservable in themarket. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | The      following provides details of the fair value measurement activity for      Level 3 of the three months ended June 30,2009: |
|--------|-------------------------------------------------------------------------------------------------------------------------------------|

|                                                   |   |                                                                     |   |   |
|--------------------------------------------------------|--------|--------------------------------------------------------------------------|--------|--------|
|                                                   |   | Measurements      UsingSignificantUnobservable      Inputs(Level      3) |   |
|                                                   |   | Non-agency      mortgage-backed      securities                          |   |
|                                                   |   | (Dollars      in Thousands)                                              |   |
|                                                   |   |                                                                     |   |   |
| Balance,      April 1, 2009:                           |   | $                                                                        | 882    |   |
| Total      losses, realized/unrealized                 |   |                                                                     |   |   |
| Included      in earnings                              |   |                                                                     | (18    | )      |
| Included      in accumulated other comprehensive loss  |   |                                                                     | 49     |   |
| Purchases,      maturities, prepayments and calls, net |   |                                                                     | (49    | )      |
| Transfers      from Level 3, net                       |   |                                                                     | (781   | )      |
| Total                                                  |   | $                                                                        | 83     |   |

|                                                   |   |                                                                                 |   |   |
|--------------------------------------------------------|--------|--------------------------------------------------------------------------------------|--------|--------|
|                                                   |   | Fair      Value Measurements UsingSignificant      Unobservable Inputs(Level      3) |   |
|                                                   |   | Non      agency mortgage-backedsecurities                                            |   |
|                                                   |   | (Dollars      in Thousands)                                                          |   |
|                                                   |   |                                                                                 |   |   |
| Balance,      October 1, 2008:                         |   | $                                                                                    | 384    |   |
| Total      losses, realized/unrealized                 |   |                                                                                 |   |   |
| Included      in earnings                              |   |                                                                                 | (252   | )      |
| Included      in accumulated other comprehensive loss  |   |                                                                                 | 24     |   |
| Purchases,      maturities, prepayments and calls, net |   |                                                                                 | (115   | )      |
| Transfers      into Level 3, net                       |   |                                                                                 | 42     |   |
| Total                                                  |   | $                                                                                    | 83     |   |

----

|                   |   |                  |   |   |         |   |    |         |   |   |         |   |
|------------------------|--------|-----------------------|--------|--------|--------------|--------|---------|--------------|--------|--------|--------------|--------|
|                   |   | At      June 30, 2009 |   |
|                   |   | Total                 |   |   | Level      1 |   |    | Level      2 |   |   | Level      3 |   |
| Impaired      Loans    |   | $                     | 797    |   |         | $      | — |         |   | $      | —      |   |   | $ | 797 |   |
| Real      estate owned |   |                  | 1,302  |   |         |   | — |         |   |   | 1,302        |   |   |   | — |   |
| Total                  |   | $                     | 2,099  |   |         | $      | — |         |   | $      | 1,302        |   |   | $ | 797 |   |

|                                                                                                                   |   |          |    |   |
|------------------------------------------------------------------------------------------------------------------------|--------|---------------|---------|--------|
| ($      in thousands)                                                                                                  |   | ImpairedLoans |    |
| Balance      at October 1, 2008                                                                                        |   | $             | 3,111   |   |
| Total      net writedowns                                                                                              |   |          | (54     | )      |
| Net      transfers out of Level 3                                                                                      |   |          | (2,260  | )      |
| Balance      at June 30, 2009                                                                                          |   | $             | 797     |   |
| Net      realized gains included in net income for the year to date relating to      sales      of repossessed assets. |   | $             | — |   |

| 10. | FINANCIAL      STATEMENT RESTATEMENT |
|-----|--------------------------------------|

----

|                                                  |                                           |  September      30, 2008 |    |
|-------------------------------------------------------|------------------------------------------------|-------------------------------|---------|
|                                                  |                                           | AsPreviouslyReported          |    |   | Adjustment |   |   | AsRestated |   |
| STATEMENT      OF FINANCIAL CONDITION                 |          (Dollars in thousands) |                          |
| Deferred      income taxes - net                      |                                           | $                             | 891     |   |   | $ | 200 |   |   | $ | 1,091 |   |
| Total      assets                                     |                                           |                          | 489,337 |   |   |   | 200 |   |   |   | 489,537 |   |
| Accounts      payable and accrued expenses            |                                           |                          | 6,581   |   |   |   | 588 |   |   |   | 7,169 |   |
| Total      liabilities                                |                                           |                          | 420,462 |   |   |   | 588 |   |   |   | 421,050 |   |
| Retained      earnings                                |                                           |                          | 37,676  |   |   |   | (388 | ) |   |   | 37,288 |   |
| Total      stockholders’ equity                 |                                           |                          | 68,875  |   |   |   | (388 | ) |   |   | 68,487 |   |
| Total      liabilities and stockholders’ equity |                                           |                          | 489,337 |   |   |   | 200 |   |   |   | 489,537 |   |

|                                      |                                           |  Three      months endedJune      30, 2008 |   |
|-------------------------------------------|------------------------------------------------|-------------------------------------------------|--------|
|                                      |                                           | AsPreviouslyReported                            |   |   | Adjustment |   |   | AsRestated |   |
| Consolidated      Statement of Operations |          (Dollars in thousands) |                                            |
| Salaries      and employee benefits       |                                           | $                                               | 1,115  |   |   | $ | (6 | ) |   | $ | 1,109 |   |
| Total      non-interest expense           |                                           |                                            | 1,913  |   |   |   | (6 | ) |   |   | 1,907 |   |
| Loss      before taxes                    |                                           |                                            | (2,861 | ) |   |   | 6 |   |   |   | (2,855 | ) |
| Deferred      tax espense                 |                                           |                                            | 364    |   |   |   | 2 |   |   |   | 366 |   |
| Total      income tax expense             |                                           |                                            | 703    |   |   |   | 2 |   |   |   | 705 |   |
| Net      loss                             |                                           |                                            | (3,564 | ) |   |   | 4 |   |   |   | (3,560 | ) |

|                                      |                                           |  Nine      months endedJune      30, 2008 |   |
|-------------------------------------------|------------------------------------------------|------------------------------------------------|--------|
|                                      |                                           | AsPreviouslyReported                           |   |   | Adjustment |   |   | AsRestated |   |
| Consolidated      Statement of Operations |          (Dollars in thousands) |                                           |
| Salaries      and employee benefits       |                                           | $                                              | 3,426  |   |   | $ | (17 | ) |   | $ | 3,409 |   |
| Total      non-interest expense           |                                           |                                           | 6,438  |   |   |   | (17 | ) |   |   | 6,421 |   |
| Loss      before taxes                    |                                           |                                           | (3,029 | ) |   |   | 17 |   |   |   | (3,012 | ) |
| Deferred      tax expense                 |                                           |                                           | 8      |   |   |   | 6 |   |   |   | 14 |   |
| Total      income tax expense             |                                           |                                           | 607    |   |   |   | 6 |   |   |   | 613 |   |
| Net      loss                             |                                           |                                           | (3,636 | ) |   |   | 11 |   |   |   | (3,625 | ) |

----

|                                                  |                                           |  Nine      months endedJune      30, 2008 |   |
|-------------------------------------------------------|------------------------------------------------|------------------------------------------------|--------|
|                                                  |                                           | AsPreviouslyReported                           |   |   | Adjustment |   |   | AsRestated |   |
| Consolidated      Statement of Cash Flows             |          (Dollars in thousands) |                                           |
| Net      loss                                         |                                           |                                           | (3,636 | ) |   |   | 11 |   |   |   | (3,625 | ) |
| Deferred      income tax expense                      |                                           |                                           | 8      |   |   |   | 6 |   |   |   | 14 |   |
| Changes      in accounts payable and accrued expenses |                                           |                                           | (286   | ) |   |   | (17 | ) |   |   | (303 | ) |

|   |                   |
|--------|------------------------|
| 11.    | SUBSEQUENT      EVENTS |

----

----

|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ● | Level      1 - Quoted prices (unadjusted) in active markets for identical assets or      liabilities.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| ● | Level      2 - Inputs other than quoted prices included within Level 1 that are      observable for the asset or liability, either directly or indirectly.      Level 2 inputs include: quoted prices for similar assets or liabilities in      active markets; quoted prices for identical or similar assets or      liabilities in markets that are not active; inputs other than quoted      prices that are observable for the asset or liability; and inputs that are      derived principally from or corroborated by observable market data by      correlation or other means. |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| ● | Level      3 - Unobservable inputs that are supported by little or no market activity      and that are significant to the fair value of the assets or liabilities.      Level 3 assets and liabilities include financial instruments whose value      is determined using pricing models, discounted cash flow methodologies, or      similar techniques, as well as instruments for which the determination of      fair value requires significant management judgment or      estimation.                                                                                          |

----

----

----

----

|                                                                              |   |                                 |    |   |                                 |   |   |              |   |   |           |   |   |     |    |   |              |   |
|-----------------------------------------------------------------------------------|--------|--------------------------------------|---------|--------|--------------------------------------|--------|--------|-------------------|--------|--------|----------------|--------|--------|----------|---------|--------|-------------------|--------|
|                                                                              |   | Three      MonthsEnded      June 30, |    |
|                                                                              |   | 2009                                 |    |   | 2008(as      restated - see Note 10) |   |
|                                                                              |   | AverageBalance                       |    |   | Interest                             |   |   | AverageYield/Rate |   |   | AverageBalance |   |   | Interest |    |   | AverageYield/Rate |   |
|                                                                              |   | (Dollars      in Thousands)          |    |
|                                                                              |   |                                 |    |   |                                 |   |   |              |   |   |           |   |   |     |    |   |              |   |
| Interest-earning      assets:                                                     |   |                                 |    |   |                                 |   |   |              |   |   |           |   |   |     |    |   |              |   |
| Investment      securities                                                        |   | $                                    | 125,073 |   |                                 | $      | 1,479  |              |   |   | 4.73           | %      |   | $        | 162,801 |   |              | $      | 2,018 |   |   |   | 4.96 | % |
| Mortgage-backed      securities                                                   |   |                                 | 93,661  |   |                                 |   | 1,329  |              |   |   | 5.68           |   |   |     | 62,567  |   |              |   | 895 |   |   |   | 5.72 |   |
| Loans      receivable(1)                                                          |   |                                 | 253,435 |   |                                 |   | 3,806  |              |   |   | 6.01           |   |   |     | 228,195 |   |              |   | 3,539 |   |   |   | 6.20 |   |
| Other      interest-earning assets (2)                                            |   |                                 | 16,235  |   |                                 |   | 6      |              |   |   | 0.15           |   |   |     | 6,354   |   |              |   | 13 |   |   |   | 0.82 |   |
| Total      interest-earning assets                                                |   |                                 | 488,404 |   |                                 |   | 6,620  |              |   |   | 5.42           |   |   |     | 459,917 |   |              |   | 6,465 |   |   |   | 5.62 |   |
| Cash      and non-interest-bearing balances                                       |   |                                 | 12,502  |   |                                 |   |   |              |   |   |           |   |   |     | 4,432   |   |              |   |   |   |   |   |   |   |
| Other      non-interest-earning assets                                            |   |                                 | 18,454  |   |                                 |   |   |              |   |   |           |   |   |     | 14,936  |   |              |   |   |   |   |   |   |   |
| Total      assets                                                                 |   | $                                    | 519,360 |   |                                 |   |   |              |   |   |           |   |   | $        | 479,285 |   |              |   |   |   |   |   |   |   |
| Interest-bearing      liabilities:                                                |   |                                 |    |   |                                 |   |   |              |   |   |           |   |   |     |    |   |              |   |   |   |   |   |   |   |
| Savings      accounts                                                             |   | $                                    | 65,083  |   |                                 |   | 313    |              |   |   | 1.92           |   |   | $        | 66,353  |   |              |   | 443 |   |   |   | 2.67 |   |
| Money      market deposit and NOW accounts                                        |   |                                 | 98,892  |   |                                 |   | 410    |              |   |   | 1.66           |   |   |     | 94,316  |   |              |   | 627 |   |   |   | 2.66 |   |
| Certificates      of deposit                                                      |   |                                 | 263,173 |   |                                 |   | 2,247  |              |   |   | 3.42           |   |   |     | 208,196 |   |              |   | 2,175 |   |   |   | 4.18 |   |
| Total      deposits                                                               |   |                                 | 427,148 |   |                                 |   | 2,970  |              |   |   | 2.78           |   |   |     | 368,865 |   |              |   | 3,245 |   |   |   | 3.52 |   |
| Advances      from Federal Home Loan Bank                                         |   |                                 | 19,673  |   |                                 |   | 216    |              |   |   | 4.39           |   |   |     | 24,001  |   |              |   | 256 |   |   |   | 4.27 |   |
| Advances      from borrowers for taxes and insurance                              |   |                                 | 1,661   |   |                                 |   | 2      |              |   |   | 0.48           |   |   |     | 1,577   |   |              |   | 2 |   |   |   | 0.51 |   |
| Total      interest-bearing liabilities                                           |   |                                 | 448,482 |   |                                 |   | 3,188  |              |   |   | 2.84           |   |   |     | 394,443 |   |              |   | 3,503 |   |   |   | 3.55 |   |
| Non-interest-bearing      liabilities:                                            |   |                                 |    |   |                                 |   |   |              |   |   |           |   |   |     |    |   |              |   |   |   |   |   |   |   |
| Non-interest-bearing      demand accounts                                         |   |                                 | 3,181   |   |                                 |   |   |              |   |   |           |   |   |     | 4,882   |   |              |   |   |   |   |   |   |   |
| Other      liabilities                                                            |   |                                 | 6,484   |   |                                 |   |   |              |   |   |           |   |   |     | 5,419   |   |              |   |   |   |   |   |   |   |
| Total      liabilities                                                            |   |                                 | 458,147 |   |                                 |   |   |              |   |   |           |   |   |     | 404,744 |   |              |   |   |   |   |   |   |   |
| Stockholders’      equity                                                   |   |                                 | 61,213  |   |                                 |   |   |              |   |   |           |   |   |     | 74,541  |   |              |   |   |   |   |   |   |   |
| Total      liabilities and stockholders’ equity                             |   | $                                    | 519,360 |   |                                 |   |   |              |   |   |           |   |   | $        | 479,285 |   |              |   |   |   |   |   |   |   |
| Net      interest-earning assets                                                  |   | $                                    | 39,922  |   |                                 |   |   |              |   |   |           |   |   | $        | 65,474  |   |              |   |   |   |   |   |   |   |
| Net      interest income; interest rate spread                                    |   |                                 |    |   |                                 | $      | 3,432  |              |   |   | 2.58           | %      |   |     |    |   |              | $      | 2,962 |   |   |   | 2.07 | % |
| Net      interest margin(3)                                                       |   |                                 |    |   |                                 |   |   |              |   |   | 2.81           | %      |   |     |    |   |              |   |   |   |   |   | 2.58 | % |
|                                                                              |   |                                 |    |   |                                 |   |   |              |   |   |           |   |   |     |    |   |              |   |   |   |   |   |   |   |
| Average      interest-earning assets to average interest-bearing      liabilities |   |                                 |    |   |                                 |   | 108.90 | %                 |   |   |           |   |   |     |    |   |              |   | 116.60 | % |   |   |   |   |

----

| (1)    | Includes      non-accrual loans. Calculated net of unamortized deferred fees,      undisbursed portion of loans-in-process and allowance for loan      losses.  |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                            |
| (2)    | Yield      substantially decreased due to declining federal reserve overnight      investment rates during the 2009 period as compared to the 2008      period. |
|   |                                                                                                                                                            |
| (3)    | Equals      net interest income divided by average interest-earning      assets.                                                                                |

----

|                                                                              |   | Nine      MonthsEnded      June 30, |    |
|-----------------------------------------------------------------------------------|--------|-------------------------------------|---------|
|                                                                              |   | 2009                                |    |   | 2008(as      restated - see Note 10) |   |
|                                                                              |   | AverageBalance                      |    |   | Interest |   |   | AverageYield/Rate |   |   | AverageBalance |   |   | Interest |   |   | AverageYield/Rate |   |
|                                                                              |   | (Dollars      in Thousands)         |    |
|                                                                              |   |                                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-earning      assets:                                                     |   |                                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Investment      securities                                                        |   | $                                   | 124,396 |   |   | $ | 4,583 |   |   |   | 4.91 | % |   | $ | 167,463 |   |   | $ | 6,427 |   |   |   | 5.12 | % |
| Mortgage-backed      securities(1)                                                |   |                                | 92,687  |   |   |   | 4,648 |   |   |   | 6.69 |   |   |   | 58,076 |   |   |   | 2,375 |   |   |   | 5.45 |   |
| Loans      receivable(2)                                                          |   |                                | 252,597 |   |   |   | 11,396 |   |   |   | 6.02 |   |   |   | 224,195 |   |   |   | 10,764 |   |   |   | 6.40 |   |
| Other      interest-earning assets(3)                                             |   |                                | 13,896  |   |   |   | 125 |   |   |   | 1.20 |   |   |   | 7,476 |   |   |   | 125 |   |   |   | 2.23 |   |
| Total      interest-earning assets                                                |   |                                | 483,576 |   |   |   | 20,752 |   |   |   | 5.72 |   |   |   | 457,210 |   |   |   | 19,691 |   |   |   | 5.74 |   |
| Cash      and non-interest-bearing balances                                       |   |                                | 7,449   |   |   |   |   |   |   |   |   |   |   |   | 4,396 |   |   |   |   |   |   |   |   |   |
| Other      non-interest-earning assets                                            |   |                                | 15,377  |   |   |   |   |   |   |   |   |   |   |   | 13,334 |   |   |   |   |   |   |   |   |   |
| Total      assets                                                                 |   | $                                   | 506,402 |   |   |   |   |   |   |   |   |   |   | $ | 474,940 |   |   |   |   |   |   |   |   |   |
| Interest-bearing      liabilities:                                                |   |                                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Savings      accounts                                                             |   | $                                   | 64,937  |   |   |   | 1,186 |   |   |   | 2.44 |   |   | $ | 66,788 |   |   |   | 1,219 |   |   |   | 2.43 |   |
| Money      market deposit and NOW accounts                                        |   |                                | 95,054  |   |   |   | 1,552 |   |   |   | 2.18 |   |   |   | 92,312 |   |   |   | 2,175 |   |   |   | 3.14 |   |
| Certificates      of deposit                                                      |   |                                | 242,752 |   |   |   | 6,589 |   |   |   | 3.62 |   |   |   | 202,105 |   |   |   | 6,820 |   |   |   | 4.50 |   |
| Total      deposits                                                               |   |                                | 402,743 |   |   |   | 9,327 |   |   |   | 3.09 |   |   |   | 361,205 |   |   |   | 10,214 |   |   |   | 3.77 |   |
| Advances      from Federal Home Loan Bank                                         |   |                                | 29,770  |   |   |   | 743 |   |   |   | 3.33 |   |   |   | 26,304 |   |   |   | 945 |   |   |   | 4.79 |   |
| Advances      from borrowers for taxes and insurance                              |   |                                | 1,733   |   |   |   | 6 |   |   |   | 0.46 |   |   |   | 1,620 |   |   |   | 6 |   |   |   | 0.49 |   |
| Total      interest-bearing liabilities                                           |   |                                | 434,246 |   |   |   | 10,076 |   |   |   | 3.09 |   |   |   | 389,129 |   |   |   | 11,165 |   |   |   | 3.83 |   |
| Non-interest-bearing      liabilities:                                            |   |                                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-interest-bearing      demand accounts                                         |   |                                | 3,657   |   |   |   |   |   |   |   |   |   |   |   | 4,857 |   |   |   |   |   |   |   |   |   |
| Other      liabilities                                                            |   |                                | 3,890   |   |   |   |   |   |   |   |   |   |   |   | 3,282 |   |   |   |   |   |   |   |   |   |
| Total      liabilities                                                            |   |                                | 441,793 |   |   |   |   |   |   |   |   |   |   |   | 397,268 |   |   |   |   |   |   |   |   |   |
| Stockholders’      equity                                                   |   |                                | 64,609  |   |   |   |   |   |   |   |   |   |   |   | 77,672 |   |   |   |   |   |   |   |   |   |
| Total      liabilities and stockholders’ equity                             |   | $                                   | 506,402 |   |   |   |   |   |   |   |   |   |   | $ | 474,940 |   |   |   |   |   |   |   |   |   |
| Net      interest-earning assets                                                  |   | $                                   | 49,330  |   |   |   |   |   |   |   |   |   |   | $ | 68,081 |   |   |   |   |   |   |   |   |   |
| Net      interest income; interest rate spread                                    |   |                                |    |   |   | $ | 10,676 |   |   |   | 2.63 | % |   |   |   |   |   | $ | 8,526 |   |   |   | 1.91 | % |
| Net      interest margin(4)                                                       |   |                                |    |   |   |   |   |   |   |   | 2.94 | % |   |   |   |   |   |   |   |   |   |   | 2.49 | % |
|                                                                              |   |                                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Average      interest-earning assets to average interest-bearing      liabilities |   |                                |    |   |   |   | 111.36 | % |   |   |   |   |   |   |   |   |   |   | 117.50 | % |   |   |   |   |

| (1)    | The      increase in yield of the Company’s mortgage-backed securities portfolio is      primarily a result of changes in portfolio composition as well as in      estimate of prepayment speed assumptions. The Company employs the      effective yield method of accounting, which requires retrospective      adjustments to the yield on the Company’s assets, which in turn directly      affects earnings. The Company estimates yield at the time of purchase of      each asset. To the extent prepayment speeds assumptions differ from      Company’s estimates at the time of purchase, the Company is required to      adjust the yield on that asset as well as the amortization of premium or      discount taken to date on the asset. This cumulative “true up” of the      amortization is taken through earnings in the current    period. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| (2)    | Includes      non-accrual loans. Calculated net of unamortized deferred fees,      undisbursed portion of loans-in-process and allowance for loan      losses.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| (3)    | Yield      substantially decreased due to declining federal reserve overnight      investment rates during the 2009 period as compared to the 2008      period.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| (4)    | Equals      net interest income divided by average interest-earning      assets.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |

----

----

----

|                                              |   |              |   |                                           |   |                                                                             |   |   |   |   |
|---------------------------------------------------|--------|-------------------|--------|------------------------------------------------|--------|----------------------------------------------------------------------------------|--------|--------|--------|--------|
|                                              |   | Actual      Ratio |   | Required      forCapital      AdequacyPurposes |   | To      BeWell      CapitalizedUnder      PromptCorrective      ActionProvisions |   |
| June      30, 2009:                               |   |              |   |                                           |   |                                                                             |   |   |   |   |
| Tier      1 capital (to average assets)           |   |              |   |                                           |   |                                                                             |   |   |   |   |
| The      Company                                  |   |              | 10.80  | %                                              | 4.0    | %                                                                                |   | N/A    |   |   |
| The      Bank                                     |   |              | 9.83   | %                                              | 4.0    | %                                                                                |   | 5.0    | %      |   |
|                                              |   |              |   |                                           |   |                                                                             |   |   |   |   |
| Tier      1 capital (to risk weighted assets)     |   |              |   |                                           |   |                                                                             |   |   |   |   |
| The      Company                                  |   |              | 24.33  | %                                              | 4.0    | %                                                                                |   | N/A    |   |   |
| The      Bank                                     |   |              | 22.14  | %                                              | 4.0    | %                                                                                |   | 6.0    | %      |   |
|                                              |   |              |   |                                           |   |                                                                             |   |   |   |   |
| Total      capital (to risk weighted assets)      |   |              |   |                                           |   |                                                                             |   |   |   |   |
| The      Company                                  |   |              | 25.41  | %                                              | 8.0    | %                                                                                |   | N/A    |   |   |
| The      Bank                                     |   |              | 23.22  | %                                              | 8.0    | %                                                                                |   | 10.0   | %      |   |
|                                              |   |              |   |                                           |   |                                                                             |   |   |   |   |
| September      30, 2008 (as revised see Note 10): |   |              |   |                                           |   |                                                                             |   |   |   |   |
| Tier      1 capital (to average assets)           |   |              |   |                                           |   |                                                                             |   |   |   |   |
| The      Company                                  |   |              | 14.49  | %                                              | 4.0    | %                                                                                |   | N/A    |   |   |
| The      Bank                                     |   |              | 13.14  | %                                              | 4.0    | %                                                                                |   | 5.0    | %      |   |
|                                              |   |              |   |                                           |   |                                                                             |   |   |   |   |
| Tier      1 capital (to risk weighted assets)     |   |              |   |                                           |   |                                                                             |   |   |   |   |
| The      Company                                  |   |              | 31.20  | %                                              | 4.0    | %                                                                                |   | N/A    |   |   |
| The      Bank                                     |   |              | 28.74  | %                                              | 4.0    | %                                                                                |   | 6.0    | %      |   |
|                                              |   |              |   |                                           |   |                                                                             |   |   |   |   |
| Total      capital (to risk weighted assets)      |   |              |   |                                           |   |                                                                             |   |   |   |   |
| The      Company                                  |   |              | 31.92  | %                                              | 8.0    | %                                                                                |   | N/A    |   |   |
| The      Bank                                     |   |              | 29.46  | %                                              | 8.0    | %                                                                                |   | 10.0   | %      |   |

----

----

|                                                                                                                     |   | 3      Monthsor      Less   |    |   | More      than3      Monthsto      1 Year |   |    | More      than1      Yearto      3 Years |   |   | More      than3      Yearsto      5 Years |   |   | More      than5      Years |    |   | TotalAmount |   |
|--------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------|---------|--------|-------------------------------------------|--------|---------|------------------------------------------|--------|--------|-------------------------------------------|--------|--------|----------------------------|---------|--------|-------------|--------|
|                                                                                                                     |   | (Dollars      in Thousands) |    |
|                                                                                                                     |   |                        |    |   |                                      |   |    |                                     |   |   |                                      |   |   |                       |    |   |        |   |
| Interest-earning      assets(1):                                                                                         |   |                        |    |   |                                      |   |    |                                     |   |   |                                      |   |   |                       |    |   |        |   |
| Investment      and moortgage-backed securities(2)                                                                       |   | $                           | 12,901  |   |                                      | $      | 22,329  |                                     |   | $      | 27,423                                    |   |   | $                          | 14,049  |   |        | $      | 148,861 |   |   | $ | 225,563 |   |
| Loans      receivable(3)                                                                                                 |   |                        | 27,908  |   |                                      |   | 61,492  |                                     |   |   | 73,376                                    |   |   |                       | 40,850  |   |        |   | 50,848 |   |   |   | 254,474 |   |
| Other      interest-earning assets                                                                                       |   |                        | 14,555  |   |                                      |   | — |                                     |   |   | —                                   |   |   |                       | — |   |        |   | — |   |   |   | 14,555 |   |
| Total      interest-earning assets                                                                                       |   | $                           | 55,364  |   |                                      | $      | 83,821  |                                     |   | $      | 100,799                                   |   |   | $                          | 54,899  |   |        | $      | 199,709 |   |   | $ | 494,592 |   |
|                                                                                                                     |   |                        |    |   |                                      |   |    |                                     |   |   |                                      |   |   |                       |    |   |        |   |   |   |   |   |   |   |
| Interest-bearing      liabilities:                                                                                       |   |                        |    |   |                                      |   |    |                                     |   |   |                                      |   |   |                       |    |   |        |   |   |   |   |   |   |   |
| Savings      accounts                                                                                                    |   | $                           | 484     |   |                                      | $      | 51      |                                     |   | $      | 39,365                                    |   |   | $                          | 13,122  |   |        | $      | 13,122 |   |   | $ | 66,144 |   |
| Money      market deposit and NOW accounts                                                                               |   |                        | — |   |                                      |   | 37,320  |                                     |   |   | 52,422                                    |   |   |                       | 5,034   |   |        |   | 5,034 |   |   |   | 99,810 |   |
| Certificates      of deposits                                                                                            |   |                        | 66,477  |   |                                      |   | 117,904 |                                     |   |   | 53,961                                    |   |   |                       | 25,155  |   |        |   | — |   |   |   | 263,497 |   |
| Advances      from Federal Home Loan Bank                                                                                |   |                        | 25      |   |                                      |   | 6,075   |                                     |   |   | 13,203                                    |   |   |                       | 27      |   |        |   | 340 |   |   |   | 19,670 |   |
| Advances      from borrowers for taxes and insurance                                                                     |   |                        | 1,919   |   |                                      |   | — |                                     |   |   | —                                   |   |   |                       | — |   |        |   | — |   |   |   | 1,919 |   |
| Total      interest-bearing liabilities                                                                                  |   | $                           | 68,905  |   |                                      | $      | 161,350 |                                     |   | $      | 158,951                                   |   |   | $                          | 43,338  |   |        | $      | 18,496 |   |   | $ | 451,040 |   |
|                                                                                                                     |   |                        |    |   |                                      |   |    |                                     |   |   |                                      |   |   |                       |    |   |        |   |   |   |   |   |   |   |
| Interest-earning      assets less interest-bearing liabilities                                                           |   | ($                          | 13,541  | )      |                                      | ($     | 77,529  | )                                        |   | ($     | 58,152                                    | )      |   | $                          | 11,561  |   |        | $      | 181,213 |   |   | $ | 43,552 |   |
|                                                                                                                     |   |                        |    |   |                                      |   |    |                                     |   |   |                                      |   |   |                       |    |   |        |   |   |   |   |   |   |   |
| Cumulative      interest-rate sensitivity gap (4)                                                                        |   | ($                          | 13,541  | )      |                                      | ($     | 91,070  | )                                        |   | ($     | 149,222                                   | )      |   | ($                         | 137,661 | )      |        | $      | 43,552 |   |   |   |   |   |
|                                                                                                                     |   |                        |    |   |                                      |   |    |                                     |   |   |                                      |   |   |                       |    |   |        |   |   |   |   |   |   |   |
| Cumulative      interest-rate gap as a percentage of total assets at June 30,      2009                                  |   |                        | -2.63   | %      |                                      |   | -17.69  | %                                        |   |   | -28.99                                    | %      |   |                       | -26.74  | %      |        |   | 8.46 | % |   |   |   |   |
|                                                                                                                     |   |                        |    |   |                                      |   |    |                                     |   |   |                                      |   |   |                       |    |   |        |   |   |   |   |   |   |   |
| Cumulative      interest-earning assets as a percentage of cumulative interest-bearing      liabilities at June 30, 2009 |   |                        | 80.35   | %      |                                      |   | 60.45   | %                                        |   |   | 61.66                                     | %      |   |                       | 68.17   | %      |        |   | 109.66 | % |   |   |   |   |

| (1)    | Interest-earning      assets are included in the period in which the balances are expected to be      redeployed and/or repriced as a result of anticipated prepayments,      scheduled rate adjustments and contractual maturities.           |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                           |
| (2)    | For      purposes of the gap analysis, investment securities are stated at      amortized cost.                                                                                                                                                |
|   |                                                                                                                                                                                                                                           |
| (3)    | For      purposes of the gap analysis, loans receivable includes non-performing      loans and is gross of the allowance for loan losses and unamortized      deferred loan fees, but net of the undisbursed portion of      loans-in-process. |
|   |                                                                                                                                                                                                                                           |
| (4)    | Cumulative      interest-rate sensitivity gap represents the difference between      interest-earning assets and interest-bearing  liabilities.                                                                                                |

----

|                                                                   |   |                        |   |          |   |   |          |    |    |   |                                           |    |   |     |   |   |
|------------------------------------------------------------------------|--------|-----------------------------|--------|---------------|--------|--------|---------------|---------|---------|--------|------------------------------------------------|---------|--------|----------|--------|--------|
| Change      inInterest      RatesIn      Basis Points(Rate      Shock) |   |                        |   |          |   |   |          |    |    |   | NPV      as % of PortfolioValue      of Assets |    |
| Net      Portfolio Value                                               |   |
|                                                                   |   |                        |   |
|                                                                   | Amount |                        |   | $      Change |   |   | %      Change |    |    |   | NPV      Ratio                                 |    |   |     | Change |   |
|                                                                   |   |                        |
|                                                                   |   | (Dollars      in Thousands) |
|                                                                   |   |                        |   |          |   |   |          |    |    |   |                                           |    |   |     |   |   |
|                                                                   | 300    |                        |   | $             | 3,441  |   |          | $       | (52,559 | )      |                                           |    | (93.86 | )      % |   |   | 0.77 | % |   |   | (10.07 | )% |
|                                                                   | 200    |                        |   |          | 19,005 |   |          |    | (36,995 | )      |                                           |    | (66.06 | )      % |   |   | 4.06 | % |   |   | (6.78 | )% |
|                                                                   | 100    |                        |   |          | 36,816 |   |          |    | (19,184 | )      |                                           |    | (34.26 | )      % |   |   | 7.49 | % |   |   | (3.35 | )% |
|            Static                             |   |                        |   | 56,000        |   |   |          | — |    |   |                                           | — |   |     |   | 10.84  | % |   |   | — |   |
|                                                                   | (100)  |                        |   |          | 63,559 |   |          |    | 7,559   |   |                                           |    | 13.50  | %        |   |   | 11.98 | % |   |   | 1.14 | % |
|                                                                   | (200)  |                        |   |          | 64,088 |   |          |    | 8,088   |   |                                           |    | 14.44  | %        |   |   | 11.96 | % |   |   | 1.12 | % |
|                                                                   | (300)  |                        |   |          | 67,616 |   |          |    | 11,616  |   |                                           |    | 20.74  | %        |   |   | 12.49 | % |   |   | 1.65 | % |

----

----

|   |   |                                                                                                                        |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------|
|   | (a)    | Not      applicable                                                                                                         |
|   |   |                                                                                                                        |
|   | (b)    | Not      applicable                                                                                                         |
|   |   |                                                                                                                        |
|   | (c)    | The      Company’s repurchases of its common stock made during the quarter are set      forth in the following table: |

|                                |   |                                     |    |   |                                 |   |    |                                                                                         |   |   |                                                                                             |   |
|-------------------------------------|--------|------------------------------------------|---------|--------|--------------------------------------|--------|---------|----------------------------------------------------------------------------------------------|--------|--------|--------------------------------------------------------------------------------------------------|--------|
| Period                              |   | Total      Numberof      SharesPurchased |    |   | Average      PricePaid      perShare |   |    | TotalNumber      ofSharesPurchased      asPart      ofPubliclyAnnouncedPlans      orPrograms |   |   | Maximum      Numberof      Shares that MayYet      be PurchasedUnder      the Plan orPrograms(1) |   |
| April      1 – April 30, 2009 |   |                                     | — |   |                                 | $      | — |                                                                                         |   |   | —                                                                                          |   |   |   | 198,000 |   |
| May      1 – May 31, 2009 (2) |   |                                     | 438,000 |   |                                 |   | 12.48   |                                                                                         |   |   | 178,000                                                                                          |   |   |   | 20,000 |   |
| June      1 - June 30, 2009 (2)     |   |                                     | 300,000 |   |                                 |   | 12.35   |                                                                                         |   |   | —                                                                                          |   |   |   | 20,000 |   |
|                                |   |                                     |    |   |                                 |   |    |                                                                                         |   |   |                                                                                             |   |   |   |   |   |
| Total                               |   |                                     | 738,000 |   |                                 | $      | 12.43   |                                                                                         |   |   | 178,000                                                                                          |   |   |   | 20,000 |   |

|   | (1)    | On      January 21, 2009, the Company announced its seventh stock repurchase      program to repurchase up to 198,000 shares of the Company’s common stock,      or approximately 5% of the Company’s common stock held by shareholders      other than the MHC. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                         |
|   | (2)    | Such      shares purchased in private transaction other than pursuant to the      publicly announced repurchaseprogram.                                                                                                                                                      |

----

|                                |   |                                     |    |   |                                 |   |    |                                                                                         |   |   |                                                                                             |   |
|-------------------------------------|--------|------------------------------------------|---------|--------|--------------------------------------|--------|---------|----------------------------------------------------------------------------------------------|--------|--------|--------------------------------------------------------------------------------------------------|--------|
| Period                              |   | Total      Numberof      SharesPurchased |    |   | Average      PricePaid      perShare |   |    | TotalNumber      ofSharesPurchased      asPart      ofPubliclyAnnouncedPlans      orPrograms |   |   | Maximum      Numberof      Shares that MayYet      be PurchasedUnder      the Plan orPrograms(1) |   |
| April      1 – April 30, 2009 |   |                                     | 4,500   |   |                                 | $      | 11.55   |                                                                                         |   |   | 4,500                                                                                            |   |   |   | 161,348 |   |
| May      1 – May 31, 2009     |   |                                     | 134,000 |   |                                 |   | 12.45   |                                                                                         |   |   | 134,000                                                                                          |   |   |   | 27,348 |   |
| June      1 - June 30, 2009         |   |                                     | — |   |                                 |   | — |                                                                                         |   |   | —                                                                                          |   |   |   | 27,348 |   |
|                                |   |                                     |    |   |                                 |   |    |                                                                                         |   |   |                                                                                             |   |   |   |   |   |
| Total                               |   |                                     | 138,500 |   |                                 | $      | 12.42   |                                                                                         |   |   | 138,500                                                                                          |   |   |   | 27,348 |   |

|   | (1) | On      January 21, 2009, the MHC announced its second stock purchase plan to      purchase up to 198,000 shares of the Company’s common stock, or      approximately 5% of the Company’s common stock held by shareholders other      than the MHC. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|             |                                                                      |   |   |
|------------------|---------------------------------------------------------------------------|--------|--------|
| Exhibit      No. | Description                                                               |
| 31.1             | Rule      13a-14(a)/15d-14(a) Certification of Chief Executive    Officer |
| 31.2             | Rule      13a-14(a)/15d-14(a) Certification of Chief Financial    Officer |
| 32.0             | Section      1350Certifications                                           |

----

|                                                                                        |                                                           |   |
|---------------------------------------------------------------------------------------------|----------------------------------------------------------------|--------|
| Date:                August 14, 2009      | By:      /s/ Thomas A. Vento                                   |   |
|                                                                                        | Thomas      A. VentoPresident      and Chief Executive Officer |   |
|                                                                                        |                                                           |   |
| Date:                August 14,      2009 | By:      /s/ Joseph R. Corrato                                 |   |
|                                                                                        | Joseph      R. Corrato                                         |   |
|                                                                                        | Executive      Vice President and ChiefFinancial      Officer  |   |