|   | OF THE SECURITIES EXCHANGE   ACT OF 1934 |
|--------|---------------------------------------------------------|

|   | For the quarterly period ended March 31, 2011 |
|--------|-----------------------------------------------|

|   | OR |
|--------|----|

|   | [   ]        TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) |
|--------|-----------------------------------------------------------------------------------------------------------------------|

|   | OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|----------------------------------------|

|   | For the transition period from _____________ to _____________ |
|--------|---------------------------------------------------------------|

| Tennessee(State or other jurisdiction ofincorporation or organization)                    | 26-0401680(I.R.S. Employer Identification No.) |
|-------------------------------------------------------------------------------------------|------------------------------------------------|
| 1430 Madison Street, Clarksville, Tennessee (Address of principal executive offices) | 37040(Zip Code)                                |

----

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | Page     |
|----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------|
|     | Part I. Financial Information                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |     |
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |     |
| Item 1.  | Condensed Consolidated Balance Sheets as of March 31, 2011 (unaudited) and December 31, 2010                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | 1        |
|     | Unaudited - Condensed Consolidated Statements of Operations for the Three Months   Ended March 31, 2011 and 2010                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | 2        |
|     | Unaudited - Condensed Consolidated Statements of Changes in Shareholders’ Equity for the Three Months Ended March 31, 2011 and 2010                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 3        |
|     | Unaudited - Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2011 and 2010                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | 4        |
|     | Notes to Condensed Consolidated Financial Statements (unaudited)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | 5        |
| Item 2.  | Management’s Discussion and Analysis of Financial Condition and Results of Operations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |  26 |
| Item 3.  | Quantitative and Qualitative Disclosures About Market Risk                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | 34       |
| Item 4.  | Controls and Procedures                                                                                                              | 34       |
|     | Part II.  Other Information                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |     |
| Item 1.  | Legal Proceedings                                                                                                                    | 34       |
| Item 1A. | Risk Factors                                                                                                                         | 34       |
| Item 2.  | Unregistered Sales of Equity Securities and Use of Proceeds                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | 35  |
| Item 3.  | Defaults Upon Senior Securities                                                                                                      | 35  |
| Item 4.  | (Removed and Reserved)                                                                                                               | 35       |
| Item 5.  | Other Information                                                                                                                    | 35       |
| Item 6.  | Exhibits                                                                                                                             | 36       |
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |     |
|     | SIGNATURES                                                                                                                           | 37       |

----

| First Advantage Bancorp                                                                                                                                                                                                                                                                                          |   |        |    |   |         |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------|---------|--------|--------------|--------|
| Condensed Consolidated Balance Sheets                                                                                                                                                                                                                                                                            |   |        |    |   |
| (Dollars in thousands, except share and per share amounts)                                                                                                                                                                                                                                                       |   |        |    |   |
|                                                                                                                                                                                                                                                                                                             |   | March 31,   |    |   | December 31, |   |
|                                                                                                                                                                                                                                                                                                             |   | 2011        |    |   | 2010         |   |
|                                                                                                                                                                                                                                                                                                             |   | (Unaudited) |    |   |         |   |
| Assets                                                                                                                                                                                                                                                                                                           |   |        |    |   |         |   |
| Cash and due from banks                                                                                                                                                                                                                                                                                          |   | $           | 4,391   |   |         | $      | 4,151 |   |
| Interest-bearing demand deposits with banks                                                                                                                                                                                                                                                                      |   |        | 6,904   |   |         |   | 1,387 |   |
| Federal funds sold                                                                                                                                                                                                                                                                                               |   |        | 425     |   |         |   | 2,250 |   |
| Cash and cash equivalents                                                                                                                                                                                                                                                                                        |   |        | 11,720  |   |         |   | 7,788 |   |
|                                                                                                                                                                                                                                                                                                             |   |        |    |   |         |   |   |   |
| Available-for-sale securities, at fair value                                                                                                                                                                                                                                                                     |   |        | 69,004  |   |         |   | 74,214 |   |
| Other investments                                                                                                                                                                                                                                                                                                |   |        | 1,992   |   |         |   | 3,486 |   |
| Loans held for sale                                                                                                                                                                                                                                                                                              |   |        | 1,239   |   |         |   | 3,155 |   |
| Loans, net of allowance for loan losses of $3,911 and $3,649 at       March 31, 2011 and December 31, 2010, respectively                                                                                                                                                           |   |        | 239,088 |   |         |   | 238,346 |   |
| Premises and equipment, net                                                                                                                                                                                                                                                                                      |   |        | 7,538   |   |         |   | 7,553 |   |
| Other real estate owned and repossessed assets                                                                                                                                                                                                                                                                   |   |        | 115     |   |         |   | 663 |   |
| Federal Home Loan Bank stock                                                                                                                                                                                                                                                                                     |   |        | 2,988   |   |         |   | 2,988 |   |
| Accrued interest receivable                                                                                                                                                                                                                                                                                      |   |        | 1,435   |   |         |   | 1,420 |   |
| Income taxes receivable                                                                                                                                                                                                                                                                                          |   |        | 1,977   |   |         |   | 1,515 |   |
| Deferred tax asset                                                                                                                                                                                                                                                                                               |   |        | 2,158   |   |         |   | 2,199 |   |
| Other assets                                                                                                                                                                                                                                                                                                     |   |        | 2,434   |   |         |   | 1,925 |   |
| Total assets                                                                                                                                                                                                                                                                                                     |   | $           | 341,688 |   |         | $      | 345,252 |   |
|                                                                                                                                                                                                                                                                                                             |   |        |    |   |         |   |   |   |
| Liabilities and Shareholders' Equity                                                                                                                                                                                                                                                                             |   |        |    |   |         |   |   |   |
|                                                                                                                                                                                                                                                                                                             |   |        |    |   |         |   |   |   |
| Liabilities                                                                                                                                                                                                                                                                                                      |   |        |    |   |         |   |   |   |
| Deposits                                                                                                                                                                                                                                                                                                         |   |        |    |   |         |   |   |   |
| Demand                                                                                                                                                                                                                                                                                                           |   | $           | 22,605  |   |         | $      | 19,681 |   |
| Savings, checking and money market                                                                                                                                                                                                                                                                               |   |        | 122,123 |   |         |   | 120,859 |   |
| Time certificates                                                                                                                                                                                                                                                                                                |   |        | 74,271  |   |         |   | 78,964 |   |
| Total deposits                                                                                                                                                                                                                                                                                                   |   |        | 218,999 |   |         |   | 219,504 |   |
|                                                                                                                                                                                                                                                                                                             |   |        |    |   |         |   |   |   |
| Securities sold under agreement to repurchase                                                                                                                                                                                                                                                                    |   |        | 5,425   |   |         |   | 6,215 |   |
| Federal Home Loan Bank advances                                                                                                                                                                                                                                                                                  |   |        | 13,000  |   |         |   | 13,000 |   |
| Borrowings with other banks                                                                                                                                                                                                                                                                                      |   |        | 35,000  |   |         |   | 35,000 |   |
| Interest payable and other liablilities                                                                                                                                                                                                                                                                          |   |        | 2,050   |   |         |   | 4,806 |   |
| Total liabilities                                                                                                                                                                                                                                                                                                |   |        | 274,474 |   |         |   | 278,525 |   |
| Commitments and contingencies                                                                                                                                                                                                                                                                                    |   |        | -       |   |         |   | - |   |
|                                                                                                                                                                                                                                                                                                             |   |        |    |   |         |   |   |   |
| Shareholders' Equity                                                                                                                                                                                                                                                                                             |   |        |    |   |         |   |   |   |
| Preferred stock, $0.01 par value, 10,000,000 shares authorized       no shares outstanding at March 31, 2011 or December 31, 2010                                                                                                                                                  |   |        | -       |   |         |   | - |   |
| Common stock, $0.01 par value 50,000,000 shares authorized,      4,632,494 shares issued and 4,107,361 outstanding at       March 31, 2011 and 4,632,494 shares issued and       4,107,818 outstanding at December 31, 2010 |   |        | 46      |   |         |   | 46 |   |
| Additional paid-in-capital                                                                                                                                                                                                                                                                                       |   |        | 46,953  |   |         |   | 46,626 |   |
| Common stock acquired by benefit plans:                                                                                                                                                                                                                                                                          |   |        |    |   |         |   |   |   |
| Restricted stock                                                                                                                                                                                                                                                                                                 |   |        | (1,107  | )      |         |   | (1,085 | ) |
| Common stock held by:                                                                                                                                                                                                                                                                                            |   |        |    |   |         |   |   |   |
| Employee Stock Ownership Plan trust                                                                                                                                                                                                                                                                              |   |        | (3,198  | )      |         |   | (3,198 | ) |
| Benefit plans                                                                                                                                                                                                                                                                                                    |   |        | (2,166  | )      |         |   | (2,159 | ) |
| Retained earnings                                                                                                                                                                                                                                                                                                |   |        | 24,047  |   |         |   | 23,923 |   |
| Accumulated other comprehensive income                                                                                                                                                                                                                                                                           |   |        | 2,639   |   |         |   | 2,574 |   |
| Total shareholders' equity                                                                                                                                                                                                                                                                                       |   |        | 67,214  |   |         |   | 66,727 |   |
| Total liabilities and shareholders' equity                                                                                                                                                                                                                                                                       |   | $           | 341,688 |   |         | $      | 345,252 |   |
| See accompanying notes to unaudited condensed consolidated financial statements.                                                                                                                                                                                                                                 |   |

----

| First Advantage Bancorp                                                          |   |               |      |   |   |   |
|----------------------------------------------------------------------------------|--------|--------------------|-----------|--------|--------|--------|
| Unaudited - Condensed Consolidated Statements of Income                          |   |
| (Dollars in thousands, except share and per share data)                          |   |
|                                                                             |   | Three Months Ended |      |
|                                                                             |   | March 31,          |      |
|                                                                             |   | 2011               |      |   | 2010   |   |
| Interest and dividend income                                                     |   |               |      |   |   |   |
| Loans                                                                            |   | $                  | 3,527     |   |   | $      | 3,220 |   |
| Investment securities                                                            |   |               | 777       |   |   |   | 1,090 |   |
| Other                                                                            |   |               | 66        |   |   |   | 55 |   |
| Total interest and dividend income                                               |   |               | 4,370     |   |   |   | 4,365 |   |
| Interest expense                                                                 |   |               |      |   |   |   |   |   |
| Deposits                                                                         |   |               | 591       |   |   |   | 914 |   |
| Borrowings                                                                       |   |               | 438       |   |   |   | 443 |   |
| Total interest expense                                                           |   |               | 1,029     |   |   |   | 1,357 |   |
| Net interest income                                                              |   |               | 3,341     |   |   |   | 3,008 |   |
| Provision for loan losses                                                        |   |               | 255       |   |   |   | 227 |   |
| Net interest income after provision for loan losses                              |   |               | 3,086     |   |   |   | 2,781 |   |
| Noninterest income                                                               |   |               |      |   |   |   |   |   |
| Service charges on deposit accounts and other fees                               |   |               | 282       |   |   |   | 306 |   |
| Loan servicing and other fees                                                    |   |               | 17        |   |   |   | 21 |   |
| Net gains on sales of mortgage loans held for sale                               |   |               | 207       |   |   |   | 221 |   |
| Net realized gain on sales of available-for-sale securities                      |   |               | -         |   |   |   | 7 |   |
| Insurance and brokerage commissions                                              |   |               | 26        |   |   |   | 45 |   |
| Other                                                                            |   |               | 47        |   |   |   | 4 |   |
| Total noninterest income                                                         |   |               | 579       |   |   |   | 604 |   |
| Noninterest expense                                                              |   |               |      |   |   |   |   |   |
| Salaries and employee benefits                                                   |   |               | 1,732     |   |   |   | 1,543 |   |
| Net occupancy expense                                                            |   |               | 166       |   |   |   | 168 |   |
| Equipment expense                                                                |   |               | 187       |   |   |   | 176 |   |
| Data processing fees                                                             |   |               | 223       |   |   |   | 227 |   |
| Professional fees                                                                |   |               | 184       |   |   |   | 101 |   |
| Marketing expense                                                                |   |               | 76        |   |   |   | 65 |   |
| Office expense                                                                   |   |               | 72        |   |   |   | 72 |   |
| Loan collection and repossession expense                                         |   |               | -         |   |   |   | 77 |   |
| Other                                                                            |   |               | 477       |   |   |   | 453 |   |
| Total noninterest expense                                                        |   |               | 3,117     |   |   |   | 2,882 |   |
| Income before income taxes                                                       |   |               | 548       |   |   |   | 503 |   |
| Provision for income taxes                                                       |   |               | 190       |   |   |   | 176 |   |
| Net income                                                                       |   | $                  | 358       |   |   | $      | 327 |   |
| Per common share:                                                                |   |               |      |   |   |   |   |   |
| Basic net income per common share                                                |   | $                  | 0.09      |   |   | $      | 0.07 |   |
| Diluted net income per common share                                              |   | $                  | 0.08      |   |   | $      | 0.07 |   |
| Dividends declared per common share                                              |   | $                  | 0.05      |   |   | $      | 0.05 |   |
| Basic weighted average common shares outstanding                                 |   |               | 4,107,813 |   |   |   | 4,507,228 |   |
| Diluted weighted average common shares outstanding                               |   |               | 4,260,723 |   |   |   | 4,535,405 |   |
| See accompanying notes to unaudited condensed consolidated financial statements. |   |

----

| First Advantage Bancorp                                                                                                                   |   |          |   |   |         |      |      |   |   |   |       |   |   |     |   |   |          |   |   |          |   |   |          |   |
|-------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------|--------|--------|--------------|-----------|-----------|--------|--------|--------|------------|--------|--------|----------|--------|--------|---------------|--------|--------|---------------|--------|--------|---------------|--------|
| Unaudited - Condensed Consolidated Statements of Shareholders' Equity                                                                     |   |          |   |   |         |      |      |   |   |   |       |   |   |     |   |   |          |   |   |
| Three Months Ended March 31, 2011 and 2010                                                                                                |   |          |   |   |         |      |      |   |   |   |       |   |   |     |   |   |          |   |   |          |   |   |
| (Dollars in thousands, except share and per share amounts)                                                                                |   |          |   |   |         |      |      |   |   |   |       |   |   |     |   |   |          |   |   |          |   |   |
|                                                                                                                                      |   |          |   |   |         |      |      |   |   |   |       |   |   |     |   |   | Common        |   |   | Accumulated   |   |   |          |   |
|                                                                                                                                      |   |          |   |   |         |      |      |   |   |   | Additional |   |   |     |   |   | Stock         |   |   | Other         |   |   | Total         |   |
|                                                                                                                                      |   | Comprehensive |   |   | Common Stock |      |      |   |   |   | Paid-in    |   |   | Retained |   |   | Acquired by   |   |   | Comprehensive |   |   | Shareholders' |   |
|                                                                                                                                      |   | Income        |   |   | Shares       |      |      | Stock  |   |   | Capital    |   |   | Earnings |   |   | Benefit Plans |   |   | Income        |   |   | Equity        |   |
| Balance at January 1, 2010                                                                                                                |   |          |   |   |         | 5,171,395 |      |   | $      | 52     |       |   | $      | 51,915   |   |   | $             | 23,210 |   |          | $      | (7,106 | )             |   | $ | 2,455 |   |   | $ | 70,526 |   |
| Comprehensive income, net of tax:                                                                                                         |   |          |   |   |         |      |      |   |   |   |       |   |   |     |   |   |          |   |   |          |   |   |          |   |   |   |   |   |   |   |   |
|   Net income                                                                                                                    |   | $             | 327    |   |         |      |      |   |   |   | -          |   |   |     | -      |   |          |   | 327    |          |   |   | -             |   |   |   | - |   |   |   | 327 |   |
|      Change in unrealized appreciation of     available-for-sale securities, net of tax |   |          | 100    |   |         |      |      |   |   |   | -          |   |   |     |   |   |          |   | -      |          |   |   | -             |   |   |   | 100 |   |   |   | 100 |   |
| Total comprehensive income                                                                                                                |   | $             | 427    |   |         |      |      |   |   |   | -          |   |   |     | -      |   |          |   | -      |          |   |   | -             |   |   |   | - |   |   |   | 427 |   |
| Treasury stock purchase/retire                                                                                                            |   |          |   |   |         |      | (203,900  | )      |   |   | (2         | )      |   |     | (2,164 | )      |          |   |   |          |   |   |          |   |   |   |   |   |   |   | (2,166 | ) |
| Dividends paid ($0.05 per common share)                                                                                                   |   |          |   |   |         |      |      |   |   |   | -          |   |   |     |   |   |          |   | (261   | )             |   |   | -             |   |   |   | - |   |   |   | (261 | ) |
| Stock-based compensation                                                                                                                  |   |          |   |   |         |      |      |   |   |   | -          |   |   |     | 284    |   |          |   | -      |          |   |   | -             |   |   |   | - |   |   |   | 284 |   |
| Balance at March 31, 2010                                                                                                                 |   |          |   |   |         |      | 4,967,495 |   |   | $      | 50         |   |   | $        | 50,035 |   |          | $      | 23,276 |          |   | $      | (7,106        | )      |   | $ | 2,555 |   |   | $ | 68,810 |   |
|                                                                                                                                      |   |          |   |   |         |      |      |   |   |   |       |   |   |     |   |   |          |   |   |          |   |   |          |   |   |   |   |   |   |   |   |   |
| Balance at January 1, 2011                                                                                                                |   |          |   |   |         |      | 4,632,494 |   |   | $      | 46         |   |   | $        | 46,626 |   |          | $      | 23,923 |          |   | $      | (6,442        | )      |   | $ | 2,574 |   |   | $ | 66,727 |   |
| Comprehensive income, net of tax:                                                                                                         |   |          |   |   |         |      |      |   |   |   |       |   |   |     |   |   |          |   |   |          |   |   |          |   |   |   |   |   |   |   |   |   |
|   Net income                                                                                                                    |   | $             | 358    |   |         |      |      |   |   |   | -          |   |   |     | -      |   |          |   | 358    |          |   |   | -             |   |   |   | - |   |   |   | 358 |   |
|    Change in unrealized appreciation of   available-for-sale securities, net of tax                         |   |          | 65     |   |         |      |      |   |   |   |       |   |   |     |   |   |          |   |   |          |   |   |          |   |   |   | 65 |   |   |   | 65 |   |
| Total comprehensive income                                                                                                                |   | $             | 423    |   |         |      |      |   |   |   | -          |   |   |     | -      |   |          |   | -      |          |   |   | -             |   |   |   | - |   |   |   | 423 |   |
| Dividends paid ($0.05 per common share)                                                                                                   |   |          |   |   |         |      |      |   |   |   | -          |   |   |     | -      |   |          |   | (234   | )             |   |   | -             |   |   |   | - |   |   |   | (234 | ) |
| Stock-based compensation                                                                                                                  |   |          |   |   |         |      |      |   |   |   |       |   |   |     | 327    |   |          |   |   |          |   |   |          |   |   |   |   |   |   |   | 327 |   |
| Purchase of restricted stock plan shares                                                                                                  |   |          |   |   |         |      |      |   |   |   | -          |   |   |     | -      |   |          |   | -      |          |   |   | (29           | )      |   |   | - |   |   |   | (29 | ) |
| Balance at March 31, 2011                                                                                                                 |   |          |   |   |         |      | 4,632,494 |   |   | $      | 46         |   |   | $        | 46,953 |   |          | $      | 24,047 |          |   | $      | (6,471        | )      |   | $ | 2,639 |   |   | $ | 67,214 |   |
| See accompanying notes to unaudited condensed financial statements.                                                                       |   |          |   |   |         |      |      |   |   |   |       |   |   |     |   |   |          |   |   |          |   |

----

| First Advantage Bancorp                                                                               |   |                                                                                                                |   |                                                                                        |
|-------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------|
| Unaudited - Condensed Consolidated Statements of Cash Flows                                           |   |                                                                                                                |   |                                                                                        |
| (Dollars in thousands)                                                                                |   |                                                                                                                |   |                                                                                        |
|                                                                                                  |   | Three Months Ended                                                                                                  |
|                                                                                                  |   | March 31,                                                                                                           |
|                                                                                                  |   | 2011                                                                                                                |   | 2010                                                                                        |
| Operating activities                                                                                  |   |                                                                                                                |   |                                                                                        |
| Net income                                                                                            |   |  $          358                                              |   |  $      327                                              |
| Adjustments to reconcile net income to net cash  provided by (used in) operating activities |   |                                                                                                                |   |
| Provision for loan losses                                                                             |   | 255                                                                                                                 |   | 227                                                                                         |
| Depreciation, amortization and accretion                                                              |   | 201                                                                                                                 |   | 202                                                                                         |
| Funding of mortgage loans held for sale                                                               |   |         (8,699)                                                             |   |   (10,304)                                                                        |
| Proceeds from sales of mortgage loans held for sale                                                   |   | 10,822                                                                                                              |   | 11,367                                                                                      |
| Net gains on sales of mortgage loans held for sale                                                    |   |            (207)                                             |   | (221)                                                                                       |
| Net realized gain on available-for-sale securities                                                    |   |                    - |   |             (7)                 |
| Stock-based compensation                                                                              |   | 327                                                                                                                 |   |          284                                   |
| (Increase) decrease in other assets                                                                   |   | (3,171)                                                                                                             |   | 18                                                                                          |
| (Decrease) increase in other liabilities                                                              |   | (36)                                                                                                                |   | 2,550                                                                                       |
| Net cash (used in) provided by operating activities                                                   |   | (150)                                                                                                               |   | 4,443                                                                                       |
|                                                                                                  |   |                                                                                                                |   |                                                                                        |
| Investing activities                                                                                  |   |                                                                                                                |   |                                                                                        |
| Purchases of securities available for sale                                                            |   |                    - |   |     (3,000)                                                             |
| Proceeds from sales of securities available-for-sale                                                  |   |                    - |   | 4,323                                                                                       |
| Proceeds from maturities of other investments                                                         |   |           1,494                                                   |   |                - |
| Proceeds from call/maturities and repayments of securities available-for-sale                         |   | 5,271                                                                                                               |   |       9,171                                                   |
| Net increase in loans                                                                                 |   | (997)                                                                                                               |   | (17,059)                                                                                    |
| Purchases of premises and equipment                                                                   |   | (141)                                                                                                               |   | (67)                                                                                        |
| Proceeds from sale of other real estate owned and repossessed assets                                  |   |                 13                  |   |          168                                   |
| Net cash provided by (used in)  investing activities                                        |   | 5,640                                                                                                               |   | (6,464)                                                                                     |
|                                                                                                  |   |                                                                                                                |   |                                                                                        |
| Financing activities                                                                                  |   |                                                                                                                |   |                                                                                        |
| Net increase in demand deposits, money market, checking and  savings accounts               |   | 4,188                                                                                                               |   | 3,637                                                                                       |
| Net decrease in time deposits                                                                         |   | (4,693)                                                                                                             |   | (2,659)                                                                                     |
| Net decrease in repurchase agreement and other short-term borrowings                                  |   | (790)                                                                                                               |   | (1,121)                                                                                     |
| Cash paid for dividends                                                                               |   | (234)                                                                                                               |   | (261)                                                                                       |
| Stock repurchased/retired  - repurchase program                                             |   |                    - |   | (2,166)                                                                                     |
| Stock purchased - restricted stock compensation plans                                                 |   | (29)                                                                                                                |   |                - |
| Net cash used in financing activities                                                                 |   | (1,558)                                                                                                             |   | (2,570)                                                                                     |
| Increase (decrease) in cash and cash equivalents                                                      |   | 3,932                                                                                                               |   | (4,591)                                                                                     |
| Cash and cash equivalents, beginning of period                                                        |   | 7,788                                                                                                               |   | 11,865                                                                                      |
| Cash and cash equivalents, end of period                                                              |   |  $     11,720                                                                         |   |  $   7,274                                                              |
| Supplemental cash flow information:                                                                   |   |                                                                                                                |   |                                                                                        |
| Other real estate owned acquired through foreclosure of real estate loans                             |   |                    - |   | 647                                                                                         |
|                                                                                                  |   |                                                                                                                |   |                                                                                        |
| See accompanying notes to unaudited condensed consolidated financial statements.                      |   |                                                                                                                |   |                                                                                        |

----

----

| (Dollars in thousands, except share and per share amounts) |   | Three Months Ended March 31, |      |
|------------------------------------------------------------|--------|------------------------------|-----------|
|                                                       |   | 2011                         |      |   | 2010 |   |
|                                                       |   |                         |      |   |   |   |
| Net income                                                 |   | $                            | 358       |   |   | $ | 327 |   |
|                                                       |   |                         |      |   |   |   |   |   |
|                                                       |   |                         |      |   |   |   |   |   |
| Weighted-average shares - Basic EPS                        |   |                         | 4,107,813 |   |   |   | 4,507,228 |   |
| Weighted-average restricted shares -                       |   |                         |      |   |   |   |   |   |
| 2007 Deferred Compensation Plan                            |   |                         | 12,007    |   |   |   | 1,090 |   |
| 2008 Equity Incentive Plan                                 |   |                         | 43,327    |   |   |   | - |   |
| Weighted-average shares -                                  |   |                         |      |   |   |   |   |   |
| ESOP committed to be released - diluted EPS                |   |                         | 97,576    |   |   |   | 27,087 |   |
| Weighted-average shares - Diluted EPS                      |   |                         | 4,260,723 |   |   |   | 4,535,405 |   |
| Basic earnings per common share                            |   | $                            | 0.09      |   |   | $ | 0.07 |   |
| Diluted earnings per common share                          |   | $                            | 0.08      |   |   | $ | 0.07 |   |

----

|                                  |   |                   |    |   |              |   |   |   |   |   |    |   |
|---------------------------------------|--------|------------------------|---------|--------|-------------------|--------|--------|--------|--------|--------|---------|--------|
|                                  |   | March 31, 2011         |    |   | December 31, 2010 |   |
|                                  |   | Amount                 |    |   | Percent           |   |   | Amount |   |   | Percent |   |
|                                  |   | (Dollars in thousands) |    |
| Real estate loans:                    |   |                   |    |   |              |   |   |   |   |   |    |   |
| Permanent loans:                      |   |                   |    |   |              |   |   |   |   |   |    |   |
| One-to-four family                    |   | $                      | 44,248  |   |              |   | 18.2   | %      |   | $      | 43,695  |   |   |   | 18.1 | % |
| Multi-family                          |   |                   | 12,275  |   |              |   | 5.1    |   |   |   | 13,592  |   |   |   | 5.6 |   |
| Nonresidential                        |   |                   | 82,082  |   |              |   | 33.8   |   |   |   | 77,089  |   |   |   | 31.9 |   |
| Construction loans:                   |   |                   |    |   |              |   |   |   |   |   |    |   |   |   |   |   |
| One-to-four family                    |   |                   | 21,494  |   |              |   | 8.8    |   |   |   | 20,373  |   |   |   | 8.4 |   |
| Multi-family                          |   |                   | 639     |   |              |   | 0.3    |   |   |   | 357     |   |   |   | 0.1 |   |
| Nonresidential                        |   |                   | 7,278   |   |              |   | 3.0    |   |   |   | 5,929   |   |   |   | 2.5 |   |
| Land loans                            |   |                   | 25,998  |   |              |   | 10.7   |   |   |   | 26,394  |   |   |   | 10.9 |   |
| Total real estate loans               |   |                   | 194,014 |   |              |   | 79.9   |   |   |   | 187,429 |   |   |   | 77.5 |   |
|                                  |   |                   |    |   |              |   |   |   |   |   |    |   |   |   |   |   |
| Consumer:                             |   |                   |    |   |              |   |   |   |   |   |    |   |   |   |   |   |
| Home equity loans and lines of credit |   |                   | 18,948  |   |              |   | 7.8    |   |   |   | 18,761  |   |   |   | 7.7 |   |
| Auto loans                            |   |                   | 585     |   |              |   | 0.2    |   |   |   | 639     |   |   |   | 0.3 |   |
| Deposit loans                         |   |                   | 406     |   |              |   | 0.2    |   |   |   | 377     |   |   |   | 0.2 |   |
| Overdrafts                            |   |                   | 31      |   |              |   | -      |   |   |   | 47      |   |   |   | - |   |
| Other                                 |   |                   | 2,110   |   |              |   | 0.9    |   |   |   | 2,193   |   |   |   | 0.9 |   |
| Total consumer loans                  |   |                   | 22,080  |   |              |   | 9.1    |   |   |   | 22,017  |   |   |   | 9.1 |   |
|                                  |   |                   |    |   |              |   |   |   |   |   |    |   |   |   |   |   |
| Commercial loans                      |   |                   | 26,810  |   |              |   | 11.0   |   |   |   | 32,460  |   |   |   | 13.4 |   |
|                                  |   |                   |    |   |              |   |   |   |   |   |    |   |   |   |   |   |
| Total loans                           |   |                   | 242,904 |   |              |   | 100.0  | %      |   |   | 241,906 |   |   |   | 100.0 | % |
| Allowance for loan losses             |   |                   | (3,911  | )      |              |   |   |   |   |   | (3,649  | )      |   |   |   |   |
| Net deferred loan costs               |   |                   | 95      |   |              |   |   |   |   |   | 89      |   |   |   |   |   |
| Loans receivable, net                 |   | $                      | 239,088 |   |              |   |   |   |   | $      | 238,346 |   |   |   |   |   |

----

|                                  | .      |   |   | At March 31, 2011      |                                                                                                        |
|---------------------------------------|--------|--------|--------|------------------------|-------------------------------------------------------------------------------------------------------------|
|                                  |   |   |   |                   |                 Multi-family and |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                  |   |   |   | One- to                |                                                                                                        |   |          Nonresidential |   |   |   |   |   |   |   |   |   |   |   | Total |   |
|                                  |   |   |   | Four-Family            |                                                                                                        |   | Real Estate |   |   | Construction |   |   | Land |   |   | Consumer |   |   | Commercial |   |   | Loans |   |
|                                  |   |   |   | (Dollars in thousands) |
|                                  |   |   |   |                   |                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Amounts due in:                       |   |   |   |                   |                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| One year or less                      |   |   | $      | 9,721                  |                                                                                                        |   | $ | 11,749 |   |   | $ | 29,173 |   |   | $ | 13,838 |   |   | $ | 13,595 |   |   | $ | 13,351 |   |   | $ | 91,427 |   |
| More than one year to three years     |   |   |   | 16,396                 |                                                                                                        |   |   | 47,934 |   |   |   | 238 |   |   |   | 7,854 |   |   |   | 1,501 |   |   |   | 6,938 |   |   |   | 80,861 |   |
| More than three years to five years   |   |   |   | 4,322                  |                                                                                                        |   |   | 30,809 |   |   |   | - |   |   |   | 3,711 |   |   |   | 1,267 |   |   |   | 2,943 |   |   |   | 43,052 |   |
| More than five years to fifteen years |   |   |   | 6,020                  |                                                                                                        |   |   | 3,865 |   |   |   | - |   |   |   | 595 |   |   |   | 5,717 |   |   |   | 3,578 |   |   |   | 19,775 |   |
| More than fifteen years               |   |   |   | 7,789                  |                                                                                                        |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 7,789 |   |
| Total                                 |   |   | $      | 44,248                 |                                                                                                        |   | $ | 94,357 |   |   | $ | 29,411 |   |   | $ | 25,998 |   |   | $ | 22,080 |   |   | $ | 26,810 |   |   | $ | 242,904 |   |
|                                  |   |   |   |                   |                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                  |   |   |   |                   |                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                  |   |   |   | At December 31, 2010   |                                                                                                        |
|                                  |   |   |   |                   |                                                                                                        |   |              Multi-family and |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                  |   |   |   | One- to                |                                                                                                        |   |           Nonresidential |   |   |   |   |   |   |   |   |   |   |   |   |   |   | Total |   |
|                                  |   |   |   | Four-Family            |                                                                                                        |   | Real Estate |   |   | Construction |   |   | Land |   |   | Consumer |   |   | Commercial |   |   | Loans |   |
|                                  |   |   |   | (Dollars in thousands) |
|                                  |   |   |   |                   |                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Amounts due in:                       |   |   |   |                   |                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| One year or less                      |   |   | $      | 10,016                 |                                                                                                        |   | $ | 9,952 |   |   | $ | 26,373 |   |   | $ | 12,650 |   |   | $ | 13,344 |   |   | $ | 13,730 |   |   | $ | 86,065 |   |
| More than one year to three years     |   |   |   | 15,737                 |                                                                                                        |   |   | 49,584 |   |   |   | 286 |   |   |   | 9,497 |   |   |   | 1,929 |   |   |   | 10,789 |   |   |   | 87,822 |   |
| More than three years to five years   |   |   |   | 3,760                  |                                                                                                        |   |   | 27,483 |   |   |   | - |   |   |   | 4,030 |   |   |   | 1,333 |   |   |   | 3,678 |   |   |   | 40,284 |   |
| More than five years to fifteen years |   |   |   | 5,849                  |                                                                                                        |   |   | 3,662 |   |   |   | - |   |   |   | 217 |   |   |   | 5,411 |   |   |   | 4,263 |   |   |   | 19,402 |   |
| More than fifteen years               |   |   |   | 8,333                  |                                                                                                        |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 8,333 |   |
| Total                                 |   |   | $      | 43,695                 |                                                                                                        |   | $ | 90,681 |   |   | $ | 26,659 |   |   | $ | 26,394 |   |   | $ | 22,017 |   |   | $ | 32,460 |   |   | $ | 241,906 |   |

----

| As of March 31, 2011            |   |                   |    |   | Floating or      |        |   |   |   |
|---------------------------------|--------|------------------------|---------|--------|------------------|-------------|--------|--------|--------|
|                            |   | Fixed Rates            |    |   | Adjustable Rates |        |   | Total  |   |
|                            |   | (Dollars in thousands) |    |
| One-to-four family              |   | $                      | 33,163  |   |             | $           | 1,364  |   |   | $ | 34,527 |   |
| Multi-family and nonresidential |   |                   | 74,155  |   |             |        | 8,453  |   |   |   | 82,608 |   |
| Construction                    |   |                   | -       |   |             |        | 238    |   |   |   | 238 |   |
| Land                            |   |                   | 2,566   |   |             |        | 9,594  |   |   |   | 12,160 |   |
| Consumer                        |   |                   | 3,910   |   |             |        | 4,575  |   |   |   | 8,485 |   |
| Commercial                      |   |                   | 11,093  |   |             |        | 2,366  |   |   |   | 13,459 |   |
| Total                           |   | $                      | 124,887 |   |             | $           | 26,590 |   |   | $ | 151,477 |   |
|                            |   |                   |    |   |             |        |   |   |   |   |   |   |
|                            |   |                   |    |   |             |        |   |   |   |   |   |   |
|  As of December 31, 2010   |   |                   |    |   |             | Floating or |   |   |   |   |   |
|                            |   | Fixed Rates            |    |   | Adjustable Rates |        |   | Total  |   |
|                            |   | (Dollars in thousands) |    |
| One-to-four family              |   | $                      | 32,364  |   |             | $           | 1,315  |   |   | $ | 33,679 |   |
| Multi-family and nonresidential |   |                   | 69,632  |   |             |        | 11,097 |   |   |   | 80,729 |   |
| Construction                    |   |                   | -       |   |             |        | 286    |   |   |   | 286 |   |
| Land                            |   |                   | 2,112   |   |             |        | 11,632 |   |   |   | 13,744 |   |
| Consumer                        |   |                   | 4,053   |   |             |        | 4,620  |   |   |   | 8,673 |   |
| Commercial                      |   |                   | 12,079  |   |             |        | 6,651  |   |   |   | 18,730 |   |
| Total                           |   | $                      | 120,240 |   |             | $           | 35,601 |   |   | $ | 155,841 |   |

----

| Nonperforming Assets                                                                        |   | At March 31,           |   |   | At December 31, |   |
|---------------------------------------------------------------------------------------------|--------|------------------------|--------|--------|-----------------|--------|
|                                                                                        |   | 2011                   |   |   | 2010            |   |
|                                                                                        |   | (Dollars in thousands) |   |
|                                                                                        |   |                   |   |   |            |   |
| Non-accrual loans:                                                                          |   |                   |   |   |            |   |
|    One- to four-family                                                       |   | $                      | 1,415  |   |            | $      | 1,266 |   |
|    Multi-family and nonresidential                                           |   |                   | 315    |   |            |   | 541 |   |
|    Construction                                                              |   |                   | -      |   |            |   | - |   |
|    Land                                                                      |   |                   | 583    |   |            |   | 541 |   |
|    Consumer                                                                  |   |                   | 228    |   |            |   | 240 |   |
|    Commercial                                                                |   |                   | 922    |   |            |   | 397 |   |
|       Total                                                   |   |                   | 3,463  |   |            |   | 2,985 |   |
|                                                                                        |   |                   |   |   |            |   |   |   |
| Accruing loans past due 90 days or more:                                                    |   |                   |   |   |            |   |   |   |
|    One- to four-family                                                       |   |                   | -      |   |            |   | - |   |
|    Multi-family and nonresidential                                           |   |                   | -      |   |            |   | - |   |
|    Construction                                                              |   |                   | -      |   |            |   | - |   |
|    Land                                                                      |   |                   | -      |   |            |   | - |   |
|    Consumer                                                                  |   |                   | -      |   |            |   | - |   |
|    Commercial                                                                |   |                   | -      |   |            |   | - |   |
|       Total                                                   |   |                   | -      |   |            |   | - |   |
|          Total of non-accrual and 90 days or   |   |                   | 3,463  |   |            |   | 2,985 |   |
|             more past due loans |   |                   |   |   |            |   |   |   |
|                                                                                        |   |                   |   |   |            |   |   |   |
| Real estate owned                                                                           |   |                   | 115    |   |            |   | 115 |   |
| Other nonperforming assets                                                                  |   |                   | -      |   |            |   | 16 |   |
|          Total nonperforming assets            |   | $                      | 3,578  |   |            | $      | 3,116 |   |
|                                                                                        |   |                   |   |   |            |   |   |   |
| Total nonperforming loans to total loans                                                    |   |                   | 1.43   | %      |            |   | 1.23 | % |
| Total nonperforming loans to total assets                                                   |   |                   | 1.01   | %      |            |   | 0.86 | % |
| Total nonperforming assets to total assets                                                  |   |                   | 1.05   | %      |            |   | 0.90 | % |

----

|                            |   | At March 31,           |   |   | At December 31,        |   |
|---------------------------------|--------|------------------------|--------|--------|------------------------|--------|
|                            |   | 2011                   |   |   | 2010                   |   |
|                            |   |                   |   |   |                   |   |   | % of |   |   |   |   |   |   |   |   | % of |   |
|                            |   |                   |   |   | % of                   |   |   | Loans in |   |   |   |   |   | % of |   |   | Loans in |   |
|                            |   |                   |   |   | Allowance              |   |   | Category |   |   |   |   |   | Allowance |   |   | Category |   |
|                            |   |                   |   |   | to Total               |   |   | to Total |   |   |   |   |   | to Total |   |   | to Total |   |
|                            |   | Amount                 |   |   | Allowance              |   |   | Loans |   |   | Amount |   |   | Allowance |   |   | Loans |   |
|                            |   | (Dollars in thousands) |   |   | (Dollars in thousands) |   |
| One-to-four family              |   | $                      | 566    |   |                   |   | 14.5 | % |   |   | 18.2 | % |   | $ | 545 |   |   |   | 14.9 | % |   |   | 18.1 | % |
| Multi-family and nonresidential |   |                   | 990    |   |                   |   | 25.3 |   |   |   | 38.9 |   |   |   | 1,061 |   |   |   | 29.1 |   |   |   | 37.5 |   |
| Construction                    |   |                   | 325    |   |                   |   | 8.3 |   |   |   | 12.1 |   |   |   | 325 |   |   |   | 8.9 |   |   |   | 11.0 |   |
| Land                            |   |                   | 681    |   |                   |   | 17.4 |   |   |   | 10.7 |   |   |   | 730 |   |   |   | 20.0 |   |   |   | 10.9 |   |
| Consumer                        |   |                   | 250    |   |                   |   | 6.4 |   |   |   | 9.1 |   |   |   | 250 |   |   |   | 6.9 |   |   |   | 9.1 |   |
| Commercial                      |   |                   | 1,099  |   |                   |   | 28.1 |   |   |   | 11.0 |   |   |   | 738 |   |   |   | 20.2 |   |   |   | 13.4 |   |
| Total allowance for loan losses |   | $                      | 3,911  |   |                   |   | 100.0 | % |   |   | 100.0 | % |   | $ | 3,649 |   |   |   | 100.0 | % |   |   | 100.0 | % |

----

| Allowance for Loan Losses and Recorded Investment in Loans      |   |
|-----------------------------------------------------------------|--------|
| For the Year Ended March 31, 2011                               |   |
| (Dollars in thousands)                                          |   |
|                                                            |   | One-to-Four |   |   | Multi-family/ |   |   |   |   |   |   |   |   | Consumer |   |   |   |   |   |   |   |   |   |   |
|                                                            |   | Family |   |   | Nonresidential |   |   | Construction |   |   | Land |   |   | and Other |   |   | Commercial |   |   | Unallocated |   |   | Total |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Allowance for loan losses:                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Beginning balance                                               |   | $ | 545 |   |   | $ | 1,061 |   |   | $ | 325 |   |   | $ | 730 |   |   | $ | 250 |   |   | $ | 738 |   |   | $ | - |   |   | $ | 3,649 |   |
| Charge offs                                                     |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (5 | ) |   |   | - |   |   |   | - |   |   |   | (5 | ) |
| Recoveries                                                      |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 3 |   |   |   | 9 |   |   |   | - |   |   |   | 12 |   |
| Provision (Credit)                                              |   |   | 21 |   |   |   | (71 | ) |   |   | - |   |   |   | (49 | ) |   |   | 2 |   |   |   | 352 |   |   |   | - |   |   |   | 255 |   |
| Ending balance                                                  |   | $ | 566 |   |   | $ | 990 |   |   | $ | 325 |   |   | $ | 681 |   |   | $ | 250 |   |   | $ | 1,099 |   |   | $ | - |   |   | $ | 3,911 |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ending balance individually  evaluated for impairment |   | $ | 216 |   |   | $ | - |   |   | $ | - |   |   | $ | 71 |   |   | $ | - |   |   | $ | 238 |   |   | $ | - |   |   | $ | 525 |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ending balance collectively  evaluated for impairment |   | $ | 350 |   |   | $ | 990 |   |   | $ | 325 |   |   | $ | 610 |   |   | $ | 250 |   |   | $ | 861 |   |   | $ | - |   |   | $ | 3,386 |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans:                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ending balance                                                  |   | $ | 44,248 |   |   | $ | 94,357 |   |   | $ | 29,411 |   |   | $ | 25,998 |   |   | $ | 22,080 |   |   | $ | 26,810 |   |   | $ | - |   |   | $ | 242,904 |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ending balance individually  evaluated for impairment |   | $ | 501 |   |   | $ | 249 |   |   | $ | - |   |   | $ | 292 |   |   | $ | 160 |   |   | $ | 748 |   |   | $ | - |   |   | $ | 1,950 |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ending balance collectively  evaluated for impairment |   | $ | 43,747 |   |   | $ | 94,108 |   |   | $ | 29,411 |   |   | $ | 25,706 |   |   | $ | 21,920 |   |   | $ | 26,062 |   |   | $ | - |   |   | $ | 240,954 |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| Allowance for Loan Losses and Recorded Investment in Loans      |   |
|-----------------------------------------------------------------|--------|
| For the Year Ended March 31, 2010                               |   |
| (Dollars in thousands)                                          |   |
|                                                            |   | One-to-Four |   |   | Multi-family/ |   |   |   |   |   |   |   |   | Consumer |   |   |   |   |   |   |   |   |   |   |
|                                                            |   | Family |   |   | Nonresidential |   |   | Construction |   |   | Land |   |   | and Other |   |   | Commercial |   |   | Unallocated |   |   | Total |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Allowance for loan losses:                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Beginning balance                                               |   | $ | 280 |   |   | $ | 1,125 |   |   | $ | 160 |   |   | $ | 286 |   |   | $ | 200 |   |   | $ | 762 |   |   | $ | - |   |   | $ | 2,813 |   |
| Charge offs                                                     |   |   | (240 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (4 | ) |   |   | - |   |   |   | - |   |   |   | (244 | ) |
| Recoveries                                                      |   |   | 3 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 2 |   |   |   | 9 |   |   |   | - |   |   |   | 14 |   |
| Provision (Credit)                                              |   |   | 237 |   |   |   | (45 | ) |   |   | - |   |   |   | 9 |   |   |   | 2 |   |   |   | 17 |   |   |   | - |   |   |   | 220 |   |
| Ending balance                                                  |   | $ | 280 |   |   | $ | 1,080 |   |   | $ | 160 |   |   | $ | 295 |   |   | $ | 200 |   |   | $ | 788 |   |   | $ | - |   |   | $ | 2,803 |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ending balance individually  evaluated for impairment |   | $ | - |   |   | $ | 48 |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | 48 |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ending balance collectively  evaluated for impairment |   | $ | 280 |   |   | $ | 1,032 |   |   | $ | 160 |   |   | $ | 295 |   |   | $ | 200 |   |   | $ | 788 |   |   | $ | - |   |   | $ | 2,755 |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans:                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ending balance                                                  |   | $ | 44,106 |   |   | $ | 93,208 |   |   | $ | 26,953 |   |   | $ | 21,355 |   |   | $ | 20,606 |   |   | $ | 23,854 |   |   | $ | - |   |   | $ | 230,082 |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ending balance individually  evaluated for impairment |   | $ | - |   |   | $ | 188 |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | 188 |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ending balance collectively  evaluated for impairment |   | $ | 44,106 |   |   | $ | 93,020 |   |   | $ | 26,953 |   |   | $ | 21,355 |   |   | $ | 20,606 |   |   | $ | 23,854 |   |   | $ | - |   |   | $ | 229,894 |   |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| Credit Quality Indicators as of March 31, 2011         |   |
|--------------------------------------------------------|--------|
| (Dollars in thousands)                                 |   |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                   |   | One-to-Four |   |        Multi-family/ |   |   |   |   |   |         Consumer |   |   |   |   |
|                                                   |   | Family |   |   | Nonresidential |   | Construction |   |   | Land |   |   | and Other |   |   | Commercial |   |   | Total |   |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Corporate Credit Exposures                             |
| Credit Risk Profile by  Internally Assigned Grade |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Grade:                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Pass                                                   |   | $ | 41,441 |   |   | $ | 91,935 |   |   | $ | 27,859 |   |   | $ | 25,220 |   |   | $ | 21,702 |   |   | $ | 25,537 |   |   | $ | 233,694 |   |
| Special mention                                        |   |   | 851 |   |   |   | 1,966 |   |   |   | 1,189 |   |   |   | 191 |   |   |   | 58 |   |   |   | 88 |   |   |   | 4,343 |   |
| Substandard                                            |   |   | 1,956 |   |   |   | 456 |   |   |   | 363 |   |   |   | 587 |   |   |   | 320 |   |   |   | 973 |   |   |   | 4,655 |   |
| Doubtful                                               |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 212 |   |   |   | 212 |   |
| Total                                                  |   | $ | 44,248 |   |   | $ | 94,357 |   |   | $ | 29,411 |   |   | $ | 25,998 |   |   | $ | 22,080 |   |   | $ | 26,810 |   |   | $ | 242,904 |   |

----

| Credit Quality Indicators as of December 31, 2010      |   |
|--------------------------------------------------------|--------|
| (Dollars in thousands)                                 |   |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                   |   | One-to-Four |   |   | Multi-family/ |   |   |   |   |   |   |   |   | Consumer |   |   |   |   |   |   |   |
|                                                   |   | Family |   |   | Nonresidential |   |   | Construction |   |   | Land |   |   | and Other |   |   | Commercial |   |   | Total |   |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Corporate Credit Exposures                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Credit Risk Profile by  Internally Assigned Grade |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Grade:                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Pass                                                   |   | $ | 41,389 |   |   | $ | 87,570 |   |   | $ | 25,413 |   |   | $ | 25,864 |   |   | $ | 21,637 |   |   | $ | 31,703 |   |   | $ | 233,576 |   |
| Special mention                                        |   |   | 794 |   |   |   | 1,904 |   |   |   | 720 |   |   |   | 192 |   |   |   | 70 |   |   |   | 103 |   |   |   | 3,783 |   |
| Substandard                                            |   |   | 1,512 |   |   |   | 1,207 |   |   |   | 526 |   |   |   | 338 |   |   |   | 310 |   |   |   | 442 |   |   |   | 4,335 |   |
| Doubtful                                               |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 212 |   |   |   | 212 |   |
| Total                                                  |   | $ | 43,695 |   |   | $ | 90,681 |   |   | $ | 26,659 |   |   | $ | 26,394 |   |   | $ | 22,017 |   |   | $ | 32,460 |   |   | $ | 241,906 |   |

----

| Age Analysis of Past Due Loans |   |
|--------------------------------|--------|
| As of March 31, 2011           |   |
| (Dollars in thousands)         |   |
|                           |   | 30-59 DaysPast Due |   | 60-89 DaysPast Due |   | Greater Than90 Days |   | TotalPast Due |   | Current |   |   | TotalLoans |   | Loans>90 Days andAccruing |   |
| One-to-four family             |   | $ | 1,404 |   |   | $ | - |   |   | $ | 138 |   |   | $ | 1,542 |   |   | $ | 42,706 |   |   | $ | 44,248 |   |   | $ | - |   |
| Multifamily/nonresidential     |   |   | 239 |   |   |   | - |   |   |   | 315 |   |   |   | 554 |   |   |   | 93,803 |   |   |   | 94,357 |   |   |   | - |   |
| Construction                   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 29,411 |   |   |   | 29,411 |   |   |   | - |   |
| Land                           |   |   | - |   |   |   | - |   |   |   | 541 |   |   |   | 541 |   |   |   | 25,457 |   |   |   | 25,998 |   |   |   | - |   |
| Consumer and other             |   |   | 162 |   |   |   | 46 |   |   |   | 695 |   |   |   | 903 |   |   |   | 21,177 |   |   |   | 22,080 |   |   |   | - |   |
| Commercial                     |   |   | 221 |   |   |   | - |   |   |   | 879 |   |   |   | 1,100 |   |   |   | 25,710 |   |   |   | 26,810 |   |   |   | - |   |

| Age Analysis of Past Due Loans |   |
|--------------------------------|--------|
| As of December 31, 2010        |   |
| (Dollars in thousands)         |   |
|                           |   | 30-59 DaysPast Due |   | 60-89 DaysPast Due |   | Greater Than90 Days |   | TotalPast Due |   | Current |   |   | TotalLoans |   | Loans>90 Days andAccruing |   |
| One-to-four family             |   | $ | 675 |   |   | $ | 168 |   |   | $ | 693 |   |   | $ | 1,536 |   |   | $ | 42,159 |   |   | $ | 43,695 |   |   | $ | - |   |
| Multifamily/nonresidential     |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 90,681 |   |   |   | 90,681 |   |   |   | - |   |
| Construction                   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 26,659 |   |   |   | 26,659 |   |   |   | - |   |
| Land                           |   |   | - |   |   |   | - |   |   |   | 541 |   |   |   | 541 |   |   |   | 25,853 |   |   |   | 26,394 |   |   |   | - |   |
| Consumer and other             |   |   | 661 |   |   |   | 137 |   |   |   | 436 |   |   |   | 1,234 |   |   |   | 20,783 |   |   |   | 22,017 |   |   |   | - |   |
| Commercial                     |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 32,460 |   |   |   | 32,460 |   |   |   | - |   |

----

| Impaired Loans                            |   |
|-------------------------------------------|--------|
| For the Three Months Ended March 31, 2011 |   |
| (Dollars in thousands)                    |   |
|                                      |   | Recorded Investment |   |   | Unpaid Principal Blance |   |   | Related Allowance |   |   | Average Recorded Investment |   |   | Interest Income Recognized |   |
| With no related allowance recorded:       |   |   |   |   |   |   |   |   |   |   |
| One-to-four family                        |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |
| Multifamily/nonresidential                |   |   | 249 |   |   |   | 249 |   |   |   | - |   |   |   | 249 |   |   |   | - |   |
| Construction                              |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Land                                      |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Consumer and other                        |   |   | 160 |   |   |   | 160 |   |   |   | - |   |   |   | 160 |   |   |   | - |   |
| Commercial                                |   |   | 212 |   |   |   | 212 |   |   |   | - |   |   |   | 212 |   |   |   | - |   |
| Subtotal                                  |   |   | 621 |   |   |   | 621 |   |   |   | - |   |   |   | 621 |   |   |   | - |   |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| With an allowance recorded:               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| One-to-four family                        |   |   | 501 |   |   |   | 501 |   |   |   | 216 |   |   |   | 501 |   |   |   | - |   |
| Multifamily/nonresidential                |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Construction                              |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Land                                      |   |   | 292 |   |   |   | 292 |   |   |   | 71 |   |   |   | 292 |   |   |   | - |   |
| Consumer and other                        |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Commercial                                |   |   | 536 |   |   |   | 536 |   |   |   | 238 |   |   |   | 536 |   |   |   | - |   |
| Subtotal                                  |   |   | 1,329 |   |   |   | 1,329 |   |   |   | 525 |   |   |   | 1,329 |   |   |   | - |   |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total:                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| One-to-four family                        |   |   | 501 |   |   |   | 501 |   |   |   | 216 |   |   |   | 501 |   |   |   | - |   |
| Multifamily/nonresidential                |   |   | 249 |   |   |   | 249 |   |   |   | - |   |   |   | 249 |   |   |   | - |   |
| Construction                              |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Land                                      |   |   | 292 |   |   |   | 292 |   |   |   | 71 |   |   |   | 292 |   |   |   | - |   |
| Consumer and other                        |   |   | 160 |   |   |   | 160 |   |   |   | - |   |   |   | 160 |   |   |   | - |   |
| Commercial                                |   |   | 748 |   |   |   | 748 |   |   |   | 238 |   |   |   | 748 |   |   |   | - |   |
| Total                                     |   | $ | 1,950 |   |   | $ | 1,950 |   |   | $ | 525 |   |   | $ | 1,950 |   |   | $ | - |   |

----

| Impaired Loans                                |   |
|-----------------------------------------------|--------|
| For the Twelve Months Ended December 31, 2010 |   |
| (Dollars in thousands)                        |   |
|                                          |   | Recorded Investment |   |   | Unpaid Principal Blance |   |   | Related Allowance |   |   | Average Recorded Investment |   |   | Interest Income Recognized |   |
| With no related allowance recorded:           |   |   |   |   |   |   |   |   |   |   |
| One-to-four family                            |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |
| Multifamily/nonresidential                    |   |   | 249 |   |   |   | 249 |   |   |   | - |   |   |   | 252 |   |   |   | 5 |   |
| Construction                                  |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Land                                          |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Consumer and other                            |   |   | 160 |   |   |   | 160 |   |   |   | - |   |   |   | 160 |   |   |   | 6 |   |
| Commercial                                    |   |   | 212 |   |   |   | 270 |   |   |   | - |   |   |   | 251 |   |   |   | 5 |   |
| Subtotal                                      |   |   | 621 |   |   |   | 679 |   |   |   | - |   |   |   | 663 |   |   |   | 16 |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| With an allowance recorded:                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| One-to-four family                            |   |   | 461 |   |   |   | 461 |   |   |   | 195 |   |   |   | 465 |   |   |   | 23 |   |
| Multifamily/nonresidential                    |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Construction                                  |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Land                                          |   |   | 292 |   |   |   | 292 |   |   |   | 71 |   |   |   | 292 |   |   |   | 5 |   |
| Consumer and other                            |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Commercial                                    |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Subtotal                                      |   |   | 753 |   |   |   | 753 |   |   |   | 266 |   |   |   | 757 |   |   |   | 28 |   |
|                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total:                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| One-to-four family                            |   |   | 461 |   |   |   | 461 |   |   |   | 195 |   |   |   | 465 |   |   |   | 23 |   |
| Multifamily/nonresidential                    |   |   | 249 |   |   |   | 249 |   |   |   | - |   |   |   | 252 |   |   |   | 5 |   |
| Construction                                  |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Land                                          |   |   | 292 |   |   |   | 292 |   |   |   | 71 |   |   |   | 292 |   |   |   | 5 |   |
| Consumer and other                            |   |   | 160 |   |   |   | 160 |   |   |   | - |   |   |   | 160 |   |   |   | 6 |   |
| Commercial                                    |   |   | 212 |   |   |   | 270 |   |   |   | - |   |   |   | 251 |   |   |   | 5 |   |
| Total                                         |   | $ | 1,374 |   |   | $ | 1,432 |   |   | $ | 266 |   |   | $ | 1,420 |   |   | $ | 44 |   |

----

| Modifications                                            |   |
|----------------------------------------------------------|--------|
| As of March 31, 2011                                     |   |
| (Dollars in thousands)                                   |   |
|                                                     |   | Number ofContracts |   | Pre-ModificationOutstandingRecordedInvestment |   | Post-ModificationOutstandingRecordedInvestment |   |
| Troubled debt restructurings                             |   |   |   |   |   |   |   |   |   |
| Commercial                                               |   |   | 1 |   |   | $ | 178 |   |   | $ | 178 |   |
|                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
| Troubled Debt Restructurings That Subsequently Defaulted |   | Number ofContracts |   | Pre-ModificationOutstandingRecordedInvestment |   |
| Troubled debt restructurings                             |   |   |   |   |   |   |   |   |
| Commercial                                               |   |   | - |   |   | $ | - |   |
|                                                     |   |   |   |   |   |   |   |   |

----

|                                       |   |      |   |   |       |   |   |       |   |   |        |        |
|--------------------------------------------|--------|-----------|--------|--------|------------|--------|--------|------------|--------|--------|-------------|-------------|
| March 31, 2011                             |   |
| (Dollars in thousands)                     |
|                                       |   |      |   |   | Gross      |   |   | Gross      |   |   | Approximate |        |
|                                       |   | Amortized |   |   | Unrealized |   |   | Unrealized |   |   | Fair        |        |
| Available-for-sale                         |   | Cost      |   |   | Gains      |   |   | Losses     |   |   | Value       |        |
| U. S. Treasury                             |   | $         | 4,721  |   |       | $      | 1,271  |       |   | $      | -           |        |   | $ | 5,992 |   |
| U. S. Government agencies and corporations |   |      | 7,999  |   |       |   | 21     |       |   |   | (133        | )           |   |   | 7,887 |   |
| Mortgage-backed securities                 |   |      | 39,339 |   |       |   | 2,449  |       |   |   | -           |        |   |   | 41,788 |   |
| Collateralized mortgage obligations        |   |      | 3,687  |   |       |   | 82     |       |   |   | -           |        |   |   | 3,769 |   |
| State and political subdivisions           |   |      | 8,966  |   |       |   | 243    |       |   |   | (1          | )           |   |   | 9,208 |   |
| Corporate debt securities                  |   |      | 15     |   |       |   | 345    |       |   |   | -           |        |   |   | 360 |   |
|      Total        |   | $         | 64,727 |   |       | $      | 4,411  |       |   | $      | (134        | )           |   | $ | 69,004 |   |
|                                       |   |      |   |   |       |   |   |       |   |   |        |        |   |   |   |   |
| December 31, 2010                          |   |
| (Dollars in thousands)                     |
|                                       |   |      |   |   |       | Gross  |   |       | Gross  |   |        | Approximate |   |
|                                       |   | Amortized |   |   | Unrealized |   |   | Unrealized |   |   | Fair        |        |
| Available-for-sale                         |   | Cost      |   |   | Gains      |   |   | Losses     |   |   | Value       |        |
| U. S. Treasury                             |   | $         | 4,730  |   |       | $      | 1,363  |       |   | $      | -           |        |   | $ | 6,093 |   |
| U. S. Government agencies and corporations |   |      | 7,999  |   |       |   | 38     |       |   |   | (119        | )           |   |   | 7,918 |   |
| Mortgage-backed securities                 |   |      | 43,748 |   |       |   | 2,603  |       |   |   | (2          | )           |   |   | 46,349 |   |
| Collateralized mortgage obligations        |   |      | 3,993  |   |       |   | 87     |       |   |   | -           |        |   |   | 4,080 |   |
| State and political subdivisions           |   |      | 9,555  |   |       |   | 180    |       |   |   | (18         | )           |   |   | 9,717 |   |
| Corporate debt securities                  |   |      | 18     |   |       |   | 39     |       |   |   | -           |        |   |   | 57 |   |
|      Total        |   | $         | 70,043 |   |       | $      | 4,310  |       |   | $      | (139        | )           |   | $ | 74,214 |   |

|                       |   | March 31, 2011         |   |
|----------------------------|--------|------------------------|--------|
|                       |   | Amortized              |   |   | Fair |   |
|                       |   | Cost                   |   |   | Value |   |
|                       |   | (Dollars in thousands) |   |
| Within one year            |   | $                      | -      |   |   | $ | - |   |
| One to five years          |   |                   | 5,020  |   |   |   | 6,306 |   |
| Five to 10 years           |   |                   | 5,309  |   |   |   | 5,475 |   |
| After 10 years             |   |                   | 11,372 |   |   |   | 11,666 |   |
|                       |   |                   | 21,701 |   |   |   | 23,447 |   |
| Mortgage-backed securities |   |                   | 43,026 |   |   |   | 45,557 |   |
| Total                      |   | $                      | 64,727 |   |   | $ | 69,004 |   |

----

|                                                  |   | March 31, 2011         |   |
|-------------------------------------------------------|--------|------------------------|--------|
|                                                  |   | (Dollars in thousands) |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                  |   | Less Than 12 months    |   |   | 12 months or more |   |   | Total |   |   |   |   |
|                                                  |   | Approximate            |   |   | Gross |   |   | Approximate |   | Gross |   |   | Approximate |   | Gross |   |
|                                                  |   | Fair                   |   |   | Unrealized |   |   | Fair |   |   | Unrealized |   |   | Fair |   |   | Unrealized |   |
| Available-for-sale                                    |   | Value                  |   |   | Losses |   |   | Value |   |   | Losses |   |   | Value |   |   | Losses |   |
| U. S. Government  agencies and corporations |   | $                      | 6,867  |   |   | $ | (133 | ) |   | $ | - |   |   | $ | - |   |   | $ | 6,867 |   |   | $ | (133 | ) |
| Mortgage-backed securities                            |   |                   | -      |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Collateralized mortgage obligations                   |   |                   | -      |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| State and political subdivisions                      |   |                   | 400    |   |   |   | (1 | ) |   |   | - |   |   |   | - |   |   |   | 400 |   |   |   | (1 | ) |
| Trust preferred securities                            |   |                   | -      |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|      Total                   |   | $                      | 7,267  |   |   | $ | (134 | ) |   | $ | - |   |   | $ | - |   |   | $ | 7,267 |   |   | $ | (134 | ) |
|                                                  |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                  |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                  |   | December 31, 2010      |   |
|                                                  |   | (Dollars in thousands) |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                  |   | Less Than 12 months    |   |   | 12 months or more |   |   | Total |   |   |   |   |   |
|                                                  |   | Approximate            |   |   | Gross |   |   | Approximate |   | Gross |   |   | Approximate |   | Gross |   |
|                                                  |   | Fair                   |   |   | Unrealized |   |   | Fair |   |   | Unrealized |   |   | Fair |   |   | Unrealized |   |
| Available-for-sale                                    |   | Value                  |   |   | Losses |   |   | Value |   |   | Losses |   |   | Value |   |   | Losses |   |
| U. S. Government  agencies and corporations |   | $                      | 6,881  |   |   | $ | (119 | ) |   | $ | - |   |   | $ | - |   |   | $ | 6,881 |   |   | $ | (119 | ) |
| Mortgage-backed securities                            |   |                   | 3,598  |   |   |   | (2 | ) |   |   | - |   |   |   | - |   |   |   | 3,598 |   |   |   | (2 | ) |
| Collateralized mortgage obligations                   |   |                   | -      |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| State and political subdivisions                      |   |                   | 1,252  |   |   |   | (18 | ) |   |   | - |   |   |   | - |   |   |   | 1,252 |   |   |   | (18 | ) |
| Trust preferred securities                            |   |                   | -      |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|      Total                   |   | $                      | 11,731 |   |   | $ | (139 | ) |   | $ | - |   |   | $ | - |   |   | $ | 11,731 |   |   | $ | (139 | ) |

----

|                                                        |   |                   |   |   |                                                          |   |
|-------------------------------------------------------------|--------|------------------------|--------|--------|---------------------------------------------------------------|--------|
| March 31, 2011                                              |   | Total                  |   |   | Quoted Prices in Active Markets for Identical Assets(Level 1) |   |   | Significant Other Observable Inputs(Level 2) |   |   | Significant Unobservable Inputs(Level 3) |   |
|                                                        |   | (Dollars in thousands) |   |
| Assets:                                                     |   |                   |   |   |                                                          |   |   |   |   |   |   |   |
|      Available for sale securities |   |                   |   |   |                                                          |   |   |   |   |   |   |   |
| U. S. Treasury                                              |   | $                      | 5,992  |   |                                                          | $      | 5,992 |   |   | $ | - |   |   | $ | - |   |
| U. S. Government                                            |   |                   | 7,887  |   |                                                          |   |   |   |   |   | 7,887 |   |   |   |   |   |
| Mortgage-backed securities                                  |   |                   | 41,788 |   |                                                          |   |   |   |   |   | 41,788 |   |   |   |   |   |
| Collateralized mortgage obligations                         |   |                   | 3,769  |   |                                                          |   |   |   |   |   | 3,769 |   |   |   |   |   |
| State and political subdivisions                            |   |                   | 9,208  |   |                                                          |   |   |   |   |   | 9,208 |   |   |   |   |   |
| Corporate debt securities                                   |   |                   | 360    |   |                                                          |   |   |   |   |   |   |   |   |   | 360 |   |

| Activity in assets measured using Level 3 inputs during the year was as follows: |   |   |   |
|----------------------------------------------------------------------------------|--------|--------|--------|
| Balance, January 1, 2011                                                         |   | $      | 57     |   |
| Paydowns                                                                         |   |   | (2     | ) |
| Unrealized gains included in other comprehensive income                          |   |   | 305    |   |
| Balance, March 31, 2011                                                          |   | $      | 360    |   |

----

|                                                              |   |                   |   |   |                                                          |   |
|-------------------------------------------------------------------|--------|------------------------|--------|--------|---------------------------------------------------------------|--------|
| December 31, 2010                                                 |   | Total                  |   |   | Quoted Prices in Active Markets for Identical Assets(Level 1) |   |   | Significant Other Observable Inputs (Level 2) |   |   | Significant Unobservable Inputs (Level 3) |   |
|                                                              |   | (Dollars in thousands) |   |
| Assets:                                                           |   |                   |   |   |                                                          |   |   |   |   |   |   |   |
|   Available for sale securities:                        |   |                   |   |   |                                                          |   |   |   |   |   |   |   |
|      U.S. Treasury                       |   | $                      | 6,093  |   |                                                          | $      | 6,093 |   |   | $ | - |   |   | $ | - |   |
|      U.S. Government agencies            |   |                   | 7,918  |   |                                                          |   | - |   |   |   | 7,918 |   |   |   | - |   |
|      Mortgage-backed securities          |   |                   | 46,349 |   |                                                          |   | - |   |   |   | 46,349 |   |   |   | - |   |
|      Collateralized mortgage obligations |   |                   | 4,080  |   |                                                          |   | - |   |   |   | 4,080 |   |   |   | - |   |
|      State and political subdivisions    |   |                   | 9,717  |   |                                                          |   | - |   |   |   | 9,717 |   |   |   | - |   |
|      Corporate debt securities           |   |                   | 57     |   |                                                          |   | - |   |   |   | - |   |   |   | 57 |   |

| Activity in assets measured using Level 3 inputs during the year was as follows: |   |   |   |
|----------------------------------------------------------------------------------|--------|--------|--------|
| Balance, January 1, 2010                                                         |   | $      | 30     |   |
| Paydowns                                                                         |   |   | (12    | ) |
| Unrealized gains included in other comprehensive income                          |   |   | 39     |   |
| Balance, December 31, 2010                                                       |   | $      | 57     |   |

| March 31, 2011         |   | Level 1 |   |   | Level 2 |   |   | Level 3 |   |   | Nonrecurring Fair Value Adjustments Three Months Ended March 31, 2011 |   |
|------------------------|--------|---------|--------|--------|---------|--------|--------|---------|--------|--------|-----------------------------------------------------------------------|--------|
| (Dollars in thousands) |   |
| Impaired loans         |   |    | --     |   |    |   | --     |    |   | $      | 600                                                                   |   |   | $ | (295 | ) |
|                   |   |    |   |   |    |   |   |    |   |   |                                                                  |   |   |   |   |   |

| December 31, 2010       |   | Level 1 |   |   | Level 2 |   |   | Level 3 |   |   | Nonrecurring Fair Value Adjustments Twelve Months Ended December 31, 2010 |   |
|-------------------------|--------|---------|--------|--------|---------|--------|--------|---------|--------|--------|---------------------------------------------------------------------------|--------|
| (Dollars in thousands)  |   |
| Impaired loans          |   |    | --     |   |    |   | --     |    |   | $      | 1,432                                                                     |   |   | $ | (58 | ) |
| Other real estate owned |   |    | --     |   |    |   | --     |    |   |   | 115                                                                       |   |   |   | ( 38 | ) |
|                    |   |    |   |   |    |   |   |    |   |   |                                                                      |   |   |   |   |   |

----

----

|                                          |   |                   |    |   |                 |   |    |           |   |   |      |   |
|-----------------------------------------------|--------|------------------------|---------|--------|----------------------|--------|---------|----------------|--------|--------|-----------|--------|
|                                          |   | At March 31, 2011      |    |   | At December 31, 2010 |   |
|                                          |   | CarryingAmount         |    |   | FairValue            |   |    | CarryingAmount |   |   | FairValue |   |
|                                          |   |                   |    |   |                 |   |    |           |   |   |      |   |
|                                          |   | (Dollars in thousands) |
| Financial assets                              |   |                   |    |   |                 |   |    |           |   |   |      |   |
| Cash and cash equivalents                     |   | $                      | 11,720  |   |                 | $      | 11,720  |           |   | $      | 7,788     |   |   | $ | 7,788 |   |
| Other investments                             |   |                   | 1,992   |   |                 |   | 1,992   |           |   |   | 3,486     |   |   |   | 3,485 |   |
| Available-for-sale securities                 |   |                   | 69,004  |   |                 |   | 69,004  |           |   |   | 74,214    |   |   |   | 74,214 |   |
| Loans held for sale                           |   |                   | 1,239   |   |                 |   | 1,239   |           |   |   | 3,155     |   |   |   | 3,155 |   |
| Loans, net of allowance for loan losses       |   |                   | 239,088 |   |                 |   | 238,474 |           |   |   | 238,346   |   |   |   | 237,770 |   |
| FHLB stock                                    |   |                   | 2,988   |   |                 |   | 2,988   |           |   |   | 2,988     |   |   |   | 2,988 |   |
| Forward sale commitments                      |   |                   | 50      |   |                 |   | 50      |           |   |   | 21        |   |   |   | 21 |   |
|                                          |   |                   |    |   |                 |   |    |           |   |   |      |   |   |   |   |   |
| Financial liabilities                         |   |                   |    |   |                 |   |    |           |   |   |      |   |   |   |   |   |
| Deposits                                      |   | $                      | 218,999 |   |                 | $      | 219,227 |           |   | $      | 219,504   |   |   | $ | 219,808 |   |
| Securities sold under agreement to repurchase |   |                   | 5,425   |   |                 |   | 5,425   |           |   |   | 6,215     |   |   |   | 6,215 |   |
| FHLB advances                                 |   |                   | 13,000  |   |                 |   | 13,681  |           |   |   | 13,000    |   |   |   | 13,790 |   |
| Other borrowings                              |   |                   | 35,000  |   |                 |   | 37,384  |           |   |   | 35,000    |   |   |   | 37,455 |   |
| Interest rate lock commitments                |   |                   | 50      |   |                 |   | 50      |           |   |   | 21        |   |   |   | 21 |   |

----

----

----

----

----

----

|                                  |                                  |                                                   |                                                            | Average Balance Sheet for the       |         |
|---------------------------------------|---------------------------------------|--------------------------------------------------------|-----------------------------------------------------------------|-------------------------------------|--------------|
|                                  |                                  |                                                   |                                                            |   Three Months Ended March 31, |         |
|                                  |                                  |                                                   |                                                            | 2011                                |         |   |   | 2010 |   |
|                                  |                                  |                                                   |                                                            |                                |         |   |   |   |   |
|                                  |                                  |                                                   |                                                            |  Interest                      |         |   |   |  Interest |   |
|                                  |                                  |                                                   | Average                                                         | Income/                             |  Yield/ |   | Average | Income/ |  Yield/ |
|                                  |                                  |                                                   | Balance                                                         | Expense                             | Rate         |   | Balance | Expense | Rate |
|                                  |                                  |                                                   |   (Dollars in thousands)                                   |
| ASSETS:                               |                                  |                                                   |                                                            |                                |         |   |   |   |
|                                  |                                  |                                                   |                                                            |                                |         |   |   |   |   |
| Interest-earning assets:              |                                  |                                                   |                                                            |                                |         |   |   |
|                                  | Interest-earning deposits             |  $       8,513 |  $         11 | 0.52%                               |         |  $     4,809 |  $          3 | 0.25% |
|                                  | Loans                                 |                                                   | 239,298                                                         | 3,527                               | 5.98%        |   | 217,019 | 3,220 | 6.02% |
|                                  | Investment securities                 | 71,770                                                 | 777                                                             | 4.39%                               |         | 94,112 | 1,090 | 4.70% |
|                                  | Other interest-earning assets         | 4,731                                                  | 55                                                              | 4.71%                               |         | 4,412 | 52 | 4.78% |
|                                  | Total interest-earning assets         | 324,312                                                | 4,370                                                           | 5.46%                               |         | 320,352 | 4,365 | 5.53% |
|                                  |                                  |                                                   |                                                            |                                |         |   |   |   |   |
| Noninterest-earning assets            | 15,475                                |                                                   |                                                            |                                | 22,896       |   |   |
| Total                                 |                                  |  $   339,787                       |                                                            |                                |         |  $ 343,248 |   |   |
|                                  |                                  |                                                   |                                                            |                                |         |   |   |   |   |
|                                  |                                  |                                                   |                                                            |                                |         |   |   |   |   |
| LIABILITIES AND SHAREHOLDERS' EQUITY: |                                  |                                                   |                                                            |                                |         |   |   |
|                                  | Interest-bearing deposits             | 196,197                                                | 591                                                             | 1.22%                               |         | 198,990 | 914 | 1.86% |
|                                  | FHLB advances and other borrowings    | 17,852                                                 | 117                                                             | 2.66%                               |         | 19,297 | 125 | 2.63% |
|                                  | Long-term borrowings at other banks   | 35,000                                                 | 321                                                             | 3.72%                               |         | 35,000 | 318 | 3.68% |
| Total Interest-Bearing Liabilities    | 249,049                               | 1,029                                                  | 1.68%                                                           |                                | 253,287      | 1,357 | 2.17% |
|                                  |                                  |                                                   |                                                            |                                |         |   |   |   |   |
|                                  | Noninterest-bearing deposits          | 21,674                                                 |                                                            |                                |         | 17,105 |   |   |
|                                  | Other noninterest-bearing liabilities | 2,061                                                  |                                                            |                                |         | 2,458 |   |   |
|                                  | Shareholders' equity                  | 67,003                                                 |                                                            |                                |         | 70,398 |   |   |
|                                  |                                  |                                                   |                                                            |                                |         |   |   |   |   |
| Total                                 |                                  |  $   339,787                       |                                                            |                                |         |  $ 343,248 |   |   |
|                                  |                                  |                                                   |                                                            |                                |         |   |   |   |   |
|                                  |                                  |                                                   |                                                            |                                |         |   |   |   |   |
| Net Interest Income                   |                                  |  $    3,341                   |                                                            |                                |         |  $  3,008 |   |
|                                  |                                  |                                                   |                                                            |                                |         |   |   |   |   |
|                                  |                                  |                                                   |                                                            |                                |         |   |   |   |   |
| Net Yield on Earning Assets           |                                  |                                                   | 4.18%                                                           |                                |         |   | 3.81% |
|                                  |                                  |                                                   |                                                            |                                |         |   |   |   |   |
|                                  |                                  |                                                   |                                                            |                                |         |   |   |   |   |
| Interest rate spread                  |                                  |                                                   | 3.79%                                                           |                                |         |   | 3.35% |
|                                  |                                  |                                                   |                                                            |                                |         |   |   |   |   |
| Average interest-earning assets to    |                                  |                                                   |                                                            |                                |         |   |   |
|                                  | average interest-bearing liabilities  |                                                   |                                                            | 130.22%                             |         |   |   | 126.48% |

----

|                                                                                   |   |                                      |   |   |   |   |   |   |   |
|----------------------------------------------------------------------------------------|--------|-------------------------------------------|--------|--------|--------|--------|--------|--------|--------|
|                                                                                   |   | Three Months Ended                        |   |
|                                                                                   |   | March 31, 2011 Compared to March 31, 2010 |   |
|                                                                                   |   | Increase (Decrease) Due To                |   |
|                                                                                   |   | Volume                                    |   |   | Rate   |   |   | Net    |   |
|                                                                                   |   | (Dollars in thousands)                    |   |
|                                                                                   |   |                                      |   |   |   |   |   |   |   |
|     Interest earned on:                                            |   |                                      |   |   |   |   |   |   |   |
|        Interest-earning assets:                     |   |                                      |   |   |   |   |   |   |   |
|          Interest-earning demand deposits |   | $                                         | 60     |   |   | $      | (52    | )      |   | $ | 8 |   |
|          Loans                            |   |                                      | 392    |   |   |   | (85    | )      |   |   | 307 |   |
|          Investment securities            |   |                                      | (74    | )      |   |   | (239   | )      |   |   | (313 | ) |
|          Other interest-earning assets    |   |                                      | 6      |   |   |   | (3     | )      |   |   | 3 |   |
|      Total Earning Assets                                     |   |                                      | 384    |   |   |   | (379   | )      |   |   | 5 |   |
|                                                                                   |   |                                      |   |   |   |   |   |   |   |   |   |   |
|     Interest paid on:                                              |   |                                      |   |   |   |   |   |   |   |   |   |   |
|        Interest bearing deposits                    |   |                                      | 884    |   |   |   | (1,207 | )      |   |   | (323 | ) |
|        FHLB advances and other borrowings           |   |                                      | (14    | )      |   |   | 6      |   |   |   | (8 | ) |
|        Long-term borrowings at other banks          |   |                                      | (8     | )      |   |   | 11     |   |   |   | 3 |   |
|     Total Interest-Bearing Liabilities                             |   |                                      | 862    |   |   |   | (1,190 | )      |   |   | (328 | ) |
|     Change in Net Interest Income                                  |   | $                                         | (478   | )      |   | $      | 811    |   |   | $ | 333 |   |

|                                                        |   | Three Months Ended March 31,                                                                                                                                                                                                                   |   |
|-------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                        |   | 2011                                                                                                                                                                                                                                           |   |   | 2010 |   |   | % Change |   |
|                                                        |   |                                     (Dollars in thousands) |   |
| Non-interest income                                         |   |                                                                                                                                                                                                                                           |   |   |   |   |   |   |   |
| Service charges on deposit accounts and other fees          |   |                                                                                                                                                                                                                                           | 282    |   |   |   | 306 |   |   |   | (7.84 | ) % |
| Loan servicing and other fees                               |   |                                                                                                                                                                                                                                           | 17     |   |   |   | 21 |   |   |   | (19.05 | ) % |
| Net gains on sales of mortgage loans held for sale          |   |                                                                                                                                                                                                                                           | 207    |   |   |   | 221 |   |   |   | (6.33 | ) % |
| Net realized gain on sales of available-for-sale securities |   |                                                                                                                                                                                                                                           | -      |   |   |   | 7 |   |   |   | (100.00 | ) % |
| Insurance and brokerage commissions                         |   |                                                                                                                                                                                                                                           | 26     |   |   |   | 45 |   |   |   | (42.22 | ) % |
| Other                                                       |   |                                                                                                                                                                                                                                           | 47     |   |   |   | 4 |   |   |   | 1075.00 | % |
| Total noninterest income                                    |   | $                                                                                                                                                                                                                                              | 579    |   |   | $ | 604 |   |   |   | (4.14 | ) % |

----

|                                     |   | Three Months Ended March 31, |
|------------------------------------------|--------|------------------------------|
|                                     |   | 2011                         |   |   | 2010 |   |   | % Change |   |
|                                     |   |  (Dollars in thousands) |
| Non-interest Expense                     |   |                         |   |   |   |   |   |   |   |
| Salaries and employee benefits           |   | $                            | 1,732 |   |   | $ | 1,543 |   |   |   | 12.25 | % |
| Net occupancy expense                    |   |                         | 166 |   |   |   | 168 |   |   |   | (1.19 | ) % |
| Equipment expense                        |   |                         | 187 |   |   |   | 176 |   |   |   | 6.25 | % |
| Data processing fees                     |   |                         | 223 |   |   |   | 227 |   |   |   | (1.76 | ) % |
| Professional fees                        |   |                         | 184 |   |   |   | 101 |   |   |   | 82.18 | % |
| Marketing expense                        |   |                         | 76 |   |   |   | 65 |   |   |   | 16.92 | % |
| Office expense                           |   |                         | 72 |   |   |   | 72 |   |   |   | 0.00 | % |
| Loan collection and repossession expense |   |                         | - |   |   |   | 77 |   |   |   | (100.00 | ) % |
| Other                                    |   |                         | 477 |   |   |   | 453 |   |   |   | 5.30 | % |
| Total non-interest expense               |   | $                            | 3,117 |   |   | $ | 2,882 |   |   |   | 8.15 | % |

----

|                                                |   | March 31, 2011 |   |   | December 31, 2010 |   |
|-----------------------------------------------------|--------|----------------|--------|--------|-------------------|--------|
| Tier 1 Core Capital (to adjusted total assets)      |   |           | 14.24  | %      |              |   | 13.89 | % |
| Tangible Equity Ratio (to tangible assets)          |   |           | 14.24  | %      |              |   | 13.89 | % |
| Tier 1 Risk-Based Capital (to risk-weighted assets) |   |           | 18.46  | %      |              |   | 18.20 | % |
| Total Risk-Based Capital (to risk-weighted assets)  |   |           | 19.51  | %      |              |   | 19.24 | % |

----

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| Period                                |   | Total Number ofShares Purchased |   |   | Average PricePaid Per Share |   |   | Total Number ofShares Purchasedas Part of PubliclyAnnounced Programs |   |   | MaximumNumber of SharesThat May Yet BePurchased Underthe Programs at theEnd of the Period |   |
|---------------------------------------|--------|---------------------------------|--------|--------|-----------------------------|--------|--------|----------------------------------------------------------------------|--------|--------|-------------------------------------------------------------------------------------------|--------|
| January 1, 2011 to January 31, 2011   |   |                            | -      |   |                        | $      | -      |                                                                 |   |   | -                                                                                         |   |   |   | 369,817 |   |
| February 1, 2011 to February 28, 2011 |   |                            | -      |   |                        |   | -      |                                                                 |   |   | -                                                                                         |   |   |   | 369,817 |   |
| March 1, 2011 to March 31, 2011       |   |                            | -      |   |                        |   | -      |                                                                 |   |   | -                                                                                         |   |   |   | 369,817 |   |
| Total                                 |   |                            | -      |   |                        | $      | -      |                                                                 |   |   | -                                                                                         |   |   |   | 369,817 |   |
|                                  |   |                            |   |   |                        |   |   |                                                                 |   |   |                                                                                      |   |   |   |   |   |

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| 3.1    | Charter of First Advantage Bancorp (1)                                                                                                                                                                                  |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.2    | Bylaws of First Advantage Bancorp (1)                                                                                                                                                                                   |
| 4.0    | Form of Stock Certificate of First Advantage Bancorp (1)                                                                                                                                                                |
| 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 1350 Certification                                                                                                                                                                                              |
|   |                                                                                                                                                                                                                    |
| (1)    | Incorporated herein by reference to the exhibits to the Company’s Registration Statement on Form S-1 (File 333-144454), as amended, initially filed with the Securities and Exchange Commission on July 10, 2007. |

----

| Dated:  May 16, 2011 | By: /s/ Earl O. Bradley, III |
|--------------------------------|------------------------------|
|                           | Earl O. Bradley, III         |
|                           | Chief Executive Officer      |
|                           |                         |
|                           |                         |
|                           |                         |
| Dated:  May 16, 2011      | By: /s/ Patrick C. Greenwell |
|                           | Patrick C. Greenwell         |
|                           | Chief Financial Officer      |