----

|   | Delaware                                  |   |                                                              |   |   | 04-3445675             |   |
|--------|-------------------------------------------|--------|-------------------------------------------------------------------|--------|--------|------------------------|--------|
|   | (State or Other Jurisdiction of           |   |                                                              |   |   | (I.R.S. Employer       |   |
|   | Incorporation or Organization)            |   |                                                              |   |   | Identification No.)    |   |
|   |                                      |   |                                                              |   |   |                   |   |
|   | One Conant Street, Danvers, Massachusetts |   |                                                              |   |   | 01923                  |   |
|   | (Address of Principal Executive Officers) |   |                                                              |   |   |   (Zip Code) |   |
|   |                                      |   |                                                              |   |   |                   |   |
|   |                                      |   |  (978) 777-2200                                              |   |   |                   |
|   |                                      |   |   (Registrant’s telephone number, including area code) |   |   |                   |
|   |                                      |   |                                                              |   |

| Large accelerated filer o | Accelerated filer x |
|---------------------------|---------------------|

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

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TABLE

|                                     |                                                                             |
|------------------------------------------|----------------------------------------------------------------------------------|
|                                     |                                                                             |   | Page |
| PART I.  FINANCIAL INFORMATION |                                                                             |
|                                     |                                                                             |   |   |
| Item 1.                                  | Financial Statements (Unaudited)                                                 |   |
|                                     | -                                                                                | Consolidated Balance Sheets as of March 31, 2011 and December 31, 2010 | 3 |
|                                     |                                                                             |   |   |
|                                     | -                                                                                | Consolidated Statements of Income for the Three Months Ended |   |
|                                     |                                                                             | March 31, 2011 and 2010 | 4 |
|                                     |                                                                             |   |   |
|                                     | -                                                                                | Consolidated Statements of Changes in Stockholders' Equity for the |   |
|                                     |                                                                             | Three Months Ended March 31, 2011 and 2010 | 5 |
|                                     |                                                                             |   |   |
|                                     | -                                                                                | Consolidated Statements of Cash Flows for the Three Months Ended |   |
|                                     |                                                                             | March 31, 2011 and 2010 | 6 |
|                                     |                                                                             |   |   |
|                                     | -                                                                                | Notes to Unaudited Consolidated Financial Statements | 8 |
|                                     |                                                                             |   |   |
| Item 2.                                  | Management’s Discussion and Analysis of Financial Condition and Results of |   |
|                                     | Operations                                                                       | 31 |
|                                     |                                                                             |   |   |
| Item 3.                                  | Quantitative and Qualitative Disclosures About Market Risk                       | 41 |
|                                     |                                                                             |   |   |
| Item 4.                                  | Controls and Procedures                                                          | 42 |
|                                     |                                                                             |   |   |
| PART II.  OTHER INFORMATION    |                                                                             |
|                                     |                                                                             |   |   |
| Item 1.                                  | Legal Proceedings                                                                | 43 |
|                                     |                                                                             |   |   |
| Item 1A.                                 | Risk Factors                                                                     | 44 |
|                                     |                                                                             |   |   |
| Item 2.                                  | Unregistered Sales of Equity Securities and Use of Proceeds                      | 44 |
|                                     |                                                                             |   |   |
| Item 3.                                  | Defaults Upon Senior Securities                                                  | 44 |
|                                     |                                                                             |   |   |
| Item 4.                                  | [Removed and Reserved]                                                           | 45 |
|                                     |                                                                             |   |   |
| Item 5.                                  | Other Information                                                                | 45 |
|                                     |                                                                             |   |   |
| Item 6.                                  | Exhibits                                                                         | 46 |

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Table of Contents

PART

Item

|                                                                           |   | March 31,      |      |   | December 31, |   |
|--------------------------------------------------------------------------------|--------|----------------|-----------|--------|--------------|--------|
|                                                                           |   | 2011           |      |   | 2010         |   |
|                                                                           |   | (In thousands) |      |
| ASSETS                                                                         |   |
| Cash and cash equivalents                                                      |   | $              | 30,292    |   |         | $      | 30,282 |   |
| Securities available for sale, at fair value                                   |   |           | 641,332   |   |         |   | 723,610 |   |
| Securities held to maturity, at cost                                           |   |           | 148,267   |   |         |   | 152,731 |   |
| Loans held for sale                                                            |   |           | 192       |   |         |   | 2,881 |   |
| Loans                                                                          |   |           | 1,791,291 |   |         |   | 1,782,741 |   |
| Less allowance for loan losses                                                 |   |           | (18,930   | )      |         |   | (17,900 | ) |
| Loans, net                                                                     |   |           | 1,772,361 |   |         |   | 1,764,841 |   |
|                                                                           |   |           |      |   |         |   |   |   |
| Restricted stock, at cost                                                      |   |           | 18,172    |   |         |   | 18,172 |   |
| Premises and equipment, net                                                    |   |           | 41,198    |   |         |   | 39,793 |   |
| Bank-owned life insurance                                                      |   |           | 34,533    |   |         |   | 34,250 |   |
| Other real estate owned                                                        |   |           | 1,506     |   |         |   | 832 |   |
| Accrued interest receivable                                                    |   |           | 10,453    |   |         |   | 9,845 |   |
| Deferred tax asset, net                                                        |   |           | 16,977    |   |         |   | 15,675 |   |
| Goodwill and intangible assets                                                 |   |           | 32,616    |   |         |   | 33,119 |   |
| Prepaid FDIC assessment                                                        |   |           | 5,539     |   |         |   | 6,215 |   |
| Other assets                                                                   |   |           | 20,987    |   |         |   | 21,099 |   |
|                                                                           |   | $              | 2,774,425 |   |         | $      | 2,853,345 |   |
|                                                                           |   |           |      |   |         |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY                                           |   |
| Deposits:                                                                      |   |           |      |   |         |   |   |   |
| Demand deposits                                                                |   | $              | 258,426   |   |         | $      | 246,973 |   |
| Savings and NOW accounts                                                       |   |           | 455,084   |   |         |   | 449,036 |   |
| Money market accounts                                                          |   |           | 860,203   |   |         |   | 837,647 |   |
| Term certificates over $100,000                                                |   |           | 336,895   |   |         |   | 344,165 |   |
| Other term certificates                                                        |   |           | 214,629   |   |         |   | 222,205 |   |
| Total deposits                                                                 |   |           | 2,125,237 |   |         |   | 2,100,026 |   |
| Short-term borrowings                                                          |   |           | 131,440   |   |         |   | 214,330 |   |
| Long-term debt                                                                 |   |           | 187,946   |   |         |   | 196,778 |   |
| Subordinated debt                                                              |   |           | 19,655    |   |         |   | 29,965 |   |
| Accrued expenses and other liabilities                                         |   |           | 24,032    |   |         |   | 26,972 |   |
| Total liabilities                                                              |   |           | 2,488,310 |   |         |   | 2,568,071 |   |
|                                                                           |   |           |      |   |         |   |   |   |
| Commitments and contingencies                                                  |   |           |      |   |         |   |   |   |
|                                                                           |   |           |      |   |         |   |   |   |
| Stockholders' equity:                                                          |   |           |      |   |         |   |   |   |
| Preferred stock; $0.01 par value, 10,000,000 shares authorized;                |   |           |      |   |         |   |   |   |
| none issued                                                                    |   |           | -         |   |         |   | - |   |
| Common stock; $0.01 par value, 60,000,000 shares authorized; 22,316,125 shares |   |           |      |   |         |   |   |   |
| issued                                                                         |   |           | 223       |   |         |   | 223 |   |
| Additional paid-in capital                                                     |   |           | 239,665   |   |         |   | 239,163 |   |
| Retained earnings                                                              |   |           | 90,489    |   |         |   | 88,067 |   |
| Accumulated other comprehensive loss                                           |   |           | (3,975    | )      |         |   | (2,102 | ) |
| Unearned restricted shares - 398,861 and 530,558 shares at March 31, 2011      |   |           |      |   |         |   |   |   |
| and December 31, 2010, respectively                                            |   |           | (4,902    | )      |         |   | (5,331 | ) |
| Unearned compensation - ESOP; 1,195,447 and 1,213,290 shares at                |   |           |      |   |         |   |   |   |
| March 31, 2011 and December 31, 2010, respectively                             |   |           | (11,954   | )      |         |   | (12,133 | ) |
| Treasury stock, at cost; 1,629,533 and 1,592,382 shares at March 31, 2011      |   |           |      |   |         |   |   |   |
| and December 31, 2010, respectively                                            |   |           | (23,431   | )      |         |   | (22,613 | ) |
| Total stockholders' equity                                                     |   |           | 286,115   |   |         |   | 285,274 |   |
|                                                                           |   | $              | 2,774,425 |   |         | $      | 2,853,345 |   |

----

Table of Contents

CON

|                                                          |   | Three Months Ended            |       |
|---------------------------------------------------------------|--------|-------------------------------|------------|
|                                                          |   | March 31,                     |       |
|                                                          |   | 2011                          |       |   | 2010 |   |
|                                                          |   | (Dollars in thousands, except |       |
| Interest and dividend income:                                 |   | per share amounts)            |       |
| Interest and fees on loans                                    |   | $                             | 24,161     |   |   | $ | 23,389 |   |
| Interest on debt securities:                                  |   |                          |       |   |   |   |   |   |
| Taxable                                                       |   |                          | 6,357      |   |   |   | 5,381 |   |
| Non-taxable                                                   |   |                          | 580        |   |   |   | 242 |   |
| Dividends on equity securities                                |   |                          | 14         |   |   |   | - |   |
| Interest on cash equivalents and certificates of deposit      |   |                          | 3          |   |   |   | 47 |   |
| Total interest and dividend income                            |   |                          | 31,115     |   |   |   | 29,059 |   |
|                                                          |   |                          |       |   |   |   |   |   |
| Interest expense:                                             |   |                          |       |   |   |   |   |   |
| Interest on deposits:                                         |   |                          |       |   |   |   |   |   |
| Savings and NOW accounts                                      |   |                          | 1,235      |   |   |   | 1,053 |   |
| Money market accounts                                         |   |                          | 2,105      |   |   |   | 2,255 |   |
| Term certificates                                             |   |                          | 2,476      |   |   |   | 2,597 |   |
| Interest on short-term borrowings                             |   |                          | 171        |   |   |   | 96 |   |
| Interest on long-term debt and subordinated debt              |   |                          | 2,084      |   |   |   | 2,277 |   |
| Total interest expense                                        |   |                          | 8,071      |   |   |   | 8,278 |   |
| Net interest income                                           |   |                          | 23,044     |   |   |   | 20,781 |   |
| Provision for loan losses                                     |   |                          | 1,200      |   |   |   | 1,200 |   |
| Net interest income, after provision for loan losses          |   |                          | 21,844     |   |   |   | 19,581 |   |
|                                                          |   |                          |       |   |   |   |   |   |
| Non-interest income:                                          |   |                          |       |   |   |   |   |   |
| Service charges on deposits                                   |   |                          | 1,113      |   |   |   | 1,084 |   |
| Loan servicing fees                                           |   |                          | 119        |   |   |   | 58 |   |
| Net gain on sales of loans                                    |   |                          | 330        |   |   |   | 99 |   |
| Net gain on sales of securities                               |   |                          | 300        |   |   |   | 71 |   |
| Loss on limited partnerships, net                             |   |                          | (180       | ) |   |   | (34 | ) |
| Increase in cash surrender value of bank-owned life insurance |   |                          | 283        |   |   |   | 316 |   |
| Trust services                                                |   |                          | 404        |   |   |   | 393 |   |
| Other operating income                                        |   |                          | 954        |   |   |   | 675 |   |
| Total non-interest income                                     |   |                          | 3,323      |   |   |   | 2,662 |   |
|                                                          |   |                          |       |   |   |   |   |   |
| Non-interest expenses:                                        |   |                          |       |   |   |   |   |   |
| Salaries and employee benefits                                |   |                          | 10,459     |   |   |   | 9,856 |   |
| Occupancy                                                     |   |                          | 2,531      |   |   |   | 2,089 |   |
| Equipment                                                     |   |                          | 1,022      |   |   |   | 1,020 |   |
| Outside services                                              |   |                          | 819        |   |   |   | 546 |   |
| Other real estate owned expense                               |   |                          | 108        |   |   |   | 186 |   |
| Deposit insurance expense                                     |   |                          | 729        |   |   |   | 582 |   |
| Advertising expense                                           |   |                          | 138        |   |   |   | 209 |   |
| Merger expense                                                |   |                          | 2,288      |   |   |   | - |   |
| Other operating expense                                       |   |                          | 3,188      |   |   |   | 2,998 |   |
| Total non-interest expenses                                   |   |                          | 21,282     |   |   |   | 17,486 |   |
| Income before income taxes                                    |   |                          | 3,885      |   |   |   | 4,757 |   |
| Provision for income taxes                                    |   |                          | 684        |   |   |   | 506 |   |
| Net income                                                    |   | $                             | 3,201      |   |   | $ | 4,251 |   |
|                                                          |   |                          |       |   |   |   |   |   |
| Weighted-average shares outstanding:                          |   |                          |       |   |   |   |   |   |
| Basic                                                         |   |                          | 19,495,533 |   |   |   | 20,423,418 |   |
| Diluted                                                       |   |                          | 19,843,457 |   |   |   | 20,423,418 |   |
|                                                          |   |                          |       |   |   |   |   |   |
| Earnings per share:                                           |   |                          |       |   |   |   |   |   |
| Basic                                                         |   | $                             | 0.16       |   |   | $ | 0.21 |   |
| Diluted                                                       |   | $                             | 0.16       |   |   | $ | 0.21 |   |

----

Table of Contents

CON

|                              |                   |       |    |   |       |   |          |    | Accumulated   |   |           |   |     |     |   |   |          |   |   |    |
|-----------------------------------|------------------------|------------|---------|--------|------------|--------|---------------|---------|---------------|--------|----------------|--------|----------|----------|--------|--------|---------------|--------|--------|---------|
|                              |                   |       |    |   | Additional |   |          |    | Other         |   | Unearned       |   | Unearned |     |   |   |          |   | Total  |    |
|                              | Common Stock           |       | Paid-In |   | Retained   |   | Comprehensive |    | Restricted    |   | Compensation - |   |     | Treasury |   |   | Stockholders' |   |
|                              | Shares                 |       | Amount  |   | Capital    |   | Earnings      |    | Income (Loss) |   | Shares         |   | ESOP     |     |   | Stock  |          |   | Equity |    |
|                              | (Dollars in thousands) |       |
|                              |                   |       |    |   |       |   |          |    |          |   |           |   |     |     |   |   |          |   |   |    |
| Balance at December 31, 2009      |                   | 22,316,125 |    | $      | 223        |   | $             | 237,577 |          | $      | 71,864         |   | $        | 3,650    |   | $      | (6,793        | )      | $      | (12,846 | ) |   | $ | (8,009 | ) |   | $ | 285,666 |   |
| Comprehensive income:             |                   |       |    |   |       |   |          |    |          |   |           |   |     |     |   |   |          |   |   |    |   |   |   |   |   |   |   |   |   |
| Net income                        |                   | -          |    |   | -          |   |          | -       |          |   | 4,251          |   |     | -        |   |   | -             |   |   | -       |   |   |   | - |   |   |   | 4,251 |   |
| Net unrealized gain on securities |                   |       |    |   |       |   |          |    |          |   |           |   |     |     |   |   |          |   |   |    |   |   |   |   |   |   |   |
| available for sale, net of        |                   |       |    |   |       |   |          |    |          |   |           |   |     |     |   |   |          |   |   |    |   |   |   |   |   |   |   |   |   |
| reclassification adjustments      |                   |       |    |   |       |   |          |    |          |   |           |   |     |     |   |   |          |   |   |    |   |   |   |   |   |   |   |   |   |
| and tax effect                    |                   | -          |    |   | -          |   |          | -       |          |   | -              |   |     | 674      |   |   | -             |   |   | -       |   |   |   | - |   |   |   | 674 |   |
| Change in fair value and          |                   |       |    |   |       |   |          |    |          |   |           |   |     |     |   |   |          |   |   |    |   |   |   |   |   |   |   |   |   |
| amortization of derivative used   |                   |       |    |   |       |   |          |    |          |   |           |   |     |     |   |   |          |   |   |    |   |   |   |   |   |   |   |
| for cash flow hedge, net of       |                   |       |    |   |       |   |          |    |          |   |           |   |     |     |   |   |          |   |   |    |   |   |   |   |   |   |   |   |   |
| tax effect                        |                   | -          |    |   | -          |   |          | -       |          |   | -              |   |     | (1       | )      |   | -             |   |   | -       |   |   |   | - |   |   |   | (1 | ) |
| Total comprehensive income        |                   |       |    |   |       |   |          |    |          |   |           |   |     |     |   |   |          |   |   |    |   |   |   |   |   | 4,924 |   |
| Restricted stock awards           |                   |       |    |   |       |   |          |    |          |   |           |   |     |     |   |   |          |   |   |    |   |   |   |   |   |   |   |   |   |
| (33,715 shares)                   |                   | -          |    |   | -          |   |          | (12     | )             |   | -              |   |     | -        |   |   | (444          | )      |   | -       |   |   |   | 456 |   |   |   | - |   |
| Purchase of shares for stock      |                   |       |    |   |       |   |          |    |          |   |           |   |     |     |   |   |          |   |   |    |   |   |   |   |   |   |   |   |   |
| repurchase plan (67,340 shares)   |                   | -          |    |   | -          |   |          | -       |          |   | -              |   |     | -        |   |   | -             |   |   | -       |   |   |   | (951 | ) |   |   | (951 | ) |
| Equity incentive shares earned    |                   |       |    |   |       |   |          |    |          |   |           |   |     |     |   |   |          |   |   |    |   |   |   |   |   |   |   |
| (81,002 shares)                   |                   | -          |    |   | -          |   |          | 307     |          |   | -              |   |     | -        |   |   | 431           |   |   | -       |   |   |   | - |   |   |   | 738 |   |
| Common stock held by ESOP         |                   |       |    |   |       |   |          |    |          |   |           |   |     |     |   |   |          |   |   |    |   |   |   |   |   |   |   |   |   |
| committed to be released          |                   |       |    |   |       |   |          |    |          |   |           |   |     |     |   |   |          |   |   |    |   |   |   |   |   |   |   |   |   |
| (17,843 shares)                   |                   | -          |    |   | -          |   |          | 70      |          |   | -              |   |     | -        |   |   | -             |   |   | 178     |   |   |   | - |   |   |   | 248 |   |
| Dividends paid                    |                   |       |    |   |       |   |          |    |          |   |           |   |     |     |   |   |          |   |   |    |   |   |   |   |   |   |   |   |   |
| ($.02 per share)                  |                   | -          |    |   | -          |   |          | -       |          |   | (411           | )      |     | -        |   |   | -             |   |   | -       |   |   |   | - |   |   |   | (411 | ) |
| Balance at March 31, 2010         |                   | 22,316,125 |    | $      | 223        |   | $             | 237,942 |          | $      | 75,704         |   | $        | 4,323    |   | $      | (6,806        | )      | $      | (12,668 | ) |   | $ | (8,504 | ) |   | $ | 290,214 |   |
|                              |                   |       |    |   |       |   |          |    |          |   |           |   |     |     |   |   |          |   |   |    |   |   |   |   |   |   |   |   |   |
| Balance at December 31, 2010      |                   | 22,316,125 |    | $      | 223        |   | $             | 239,163 |          | $      | 88,067         |   | $        | (2,102   | )      | $      | (5,331        | )      | $      | (12,133 | ) |   | $ | (22,613 | ) |   | $ | 285,274 |   |
| Comprehensive income:             |                   |       |    |   |       |   |          |    |          |   |           |   |     |     |   |   |          |   |   |    |   |   |   |   |   |   |   |   |   |
| Net income                        |                   | -          |    |   | -          |   |          | -       |          |   | 3,201          |   |     | -        |   |   | -             |   |   | -       |   |   |   | - |   |   |   | 3,201 |   |
| Net unrealized loss on securities |                   |       |    |   |       |   |          |    |          |   |           |   |     |     |   |   |          |   |   |    |   |   |   |   |   |   |   |
| available for sale, net of        |                   |       |    |   |       |   |          |    |          |   |           |   |     |     |   |   |          |   |   |    |   |   |   |   |   |   |   |   |   |
| reclassification adjustments      |                   |       |    |   |       |   |          |    |          |   |           |   |     |     |   |   |          |   |   |    |   |   |   |   |   |   |   |   |   |
| and tax effect                    |                   | -          |    |   | -          |   |          | -       |          |   | -              |   |     | (1,872   | )      |   | -             |   |   | -       |   |   |   | - |   |   |   | (1,872 | ) |
| Change in fair value and          |                   |       |    |   |       |   |          |    |          |   |           |   |     |     |   |   |          |   |   |    |   |   |   |   |   |   |   |   |   |
| amortization of derivative used   |                   |       |    |   |       |   |          |    |          |   |           |   |     |     |   |   |          |   |   |    |   |   |   |   |   |   |   |
| for cash flow hedge, net of       |                   |       |    |   |       |   |          |    |          |   |           |   |     |     |   |   |          |   |   |    |   |   |   |   |   |   |   |   |   |
| tax effect                        |                   | -          |    |   | -          |   |          | -       |          |   | -              |   |     | (1       | )      |   | -             |   |   | -       |   |   |   | - |   |   |   | (1 | ) |
| Total comprehensive income        |                   |       |    |   |       |   |          |    |          |   |           |   |     |     |   |   |          |   |   |    |   |   |   |   |   | 1,328 |   |
| Purchase of shares for stock      |                   |       |    |   |       |   |          |    |          |   |           |   |     |     |   |   |          |   |   |    |   |   |   |   |   |   |   |   |   |
| repurchase plan (37,151 shares)   |                   | -          |    |   | -          |   |          | -       |          |   | -              |   |     | -        |   |   | -             |   |   | -       |   |   |   | (818 | ) |   |   | (818 | ) |
| Equity incentive shares earned    |                   |       |    |   |       |   |          |    |          |   |           |   |     |     |   |   |          |   |   |    |   |   |   |   |   |   |   |
| (82,385 shares)                   |                   | -          |    |   | -          |   |          | 311     |          |   | -              |   |     | -        |   |   | 429           |   |   | -       |   |   |   | - |   |   |   | 740 |   |
| Common stock held by ESOP         |                   |       |    |   |       |   |          |    |          |   |           |   |     |     |   |   |          |   |   |    |   |   |   |   |   |   |   |   |   |
| committed to be released          |                   |       |    |   |       |   |          |    |          |   |           |   |     |     |   |   |          |   |   |    |   |   |   |   |   |   |   |   |   |
| (17,843 shares)                   |                   | -          |    |   | -          |   |          | 191     |          |   | -              |   |     | -        |   |   | -             |   |   | 179     |   |   |   | - |   |   |   | 370 |   |
| Dividends paid                    |                   |       |    |   |       |   |          |    |          |   |           |   |     |     |   |   |          |   |   |    |   |   |   |   |   |   |   |   |   |
| ($.04 per share)                  |                   | -          |    |   | -          |   |          | -       |          |   | (779           | )      |     | -        |   |   | -             |   |   | -       |   |   |   | - |   |   |   | (779 | ) |
| Balance at March 31, 2011         |                   | 22,316,125 |    | $      | 223        |   | $             | 239,665 |          | $      | 90,489         |   | $        | (3,975   | )      | $      | (4,902        | )      | $      | (11,954 | ) |   | $ | (23,431 | ) |   | $ | 286,115 |   |

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Table of Contents

CON

|                                                                                    |   | Three Months Ended |    |
|-----------------------------------------------------------------------------------------|--------|--------------------|---------|
|                                                                                    |   | March 31,          |    |
|                                                                                    |   | 2011               |    |   | 2010 |   |
|                                                                                    |   | (In thousands)     |    |
| Cash flows from operating activities:                                                   |   |               |    |   |   |   |
| Net income                                                                              |   | $                  | 3,201   |   |   | $ | 4,251 |   |
| Adjustments to reconcile net income to net cash provided by                             |   |               |    |   |   |   |   |   |
| operating activities:                                                                   |   |               |    |   |   |   |   |   |
| Provision for loan losses                                                               |   |               | 1,200   |   |   |   | 1,200 |   |
| Depreciation and amortization of premises and equipment and acquisition accounting, net |   |               | 842     |   |   |   | 543 |   |
| Accretion of net deferred loan fees and costs                                           |   |               | (237    | ) |   |   | (291 | ) |
| Deferred tax provision                                                                  |   |               | -       |   |   |   | 3,973 |   |
| Amortization of core deposit intangible and servicing rights                            |   |               | 486     |   |   |   | 596 |   |
| Amortization of stock-based compensation and ESOP expense                               |   |               | 1,110   |   |   |   | 986 |   |
| Amortization of securities, net                                                         |   |               | 225     |   |   |   | 227 |   |
| Net gain on sales of securities                                                         |   |               | (300    | ) |   |   | (71 | ) |
| Change in fair value of derivative financial instruments                                |   |               | (2      | ) |   |   | 3 |   |
| Net loss on sales of other real estate owned                                            |   |               | -       |   |   |   | 72 |   |
| Loans originated for sale                                                               |   |               | (26,625 | ) |   |   | (5,103 | ) |
| Proceeds from sales of loans originated for sale                                        |   |               | 29,314  |   |   |   | 6,836 |   |
| Changes in other assets and liabilities:                                                |   |               |    |   |   |   |   |   |
| Accrued interest receivable                                                             |   |               | (608    | ) |   |   | 556 |   |
| Other assets and bank-owned life insurance                                              |   |               | 385     |   |   |   | (4,585 | ) |
| Accrued expenses and other liabilities                                                  |   |               | (2,803  | ) |   |   | (5,832 | ) |
| Net cash provided by operating activities                                               |   |               | 6,188   |   |   |   | 3,361 |   |
|                                                                                    |   |               |    |   |   |   |   |   |
| Cash flows from investing activities:                                                   |   |               |    |   |   |   |   |   |
| Purchases of certificates of deposit                                                    |   |               | -       |   |   |   | (119 | ) |
| Maturities of certificates of deposit                                                   |   |               | -       |   |   |   | 10,798 |   |
| Activity in available-for-sale securities:                                              |   |               |    |   |   |   |   |   |
| Sales                                                                                   |   |               | 33,210  |   |   |   | 5,769 |   |
| Maturities, prepayments and calls                                                       |   |               | 46,093  |   |   |   | 57,919 |   |
| Purchases                                                                               |   |               | -       |   |   |   | (47,688 | ) |
| Activity in held-to-maturity securities:                                                |   |               |    |   |   |   |   |   |
| Maturities, prepayments and calls                                                       |   |               | 4,341   |   |   |   | 7,883 |   |
| Purchases                                                                               |   |               | -       |   |   |   | (5,743 | ) |
| Proceeds from sales of other real estate owned                                          |   |               | -       |   |   |   | 647 |   |
| Net loan payments (originations)                                                        |   |               | (9,150  | ) |   |   | 5,817 |   |
| Purchase of premises and equipment                                                      |   |               | (2,558  | ) |   |   | (1,746 | ) |
| Net cash provided by investing activities                                               |   |               | 71,936  |   |   |   | 33,537 |   |

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Table of Contents

|                                               |   | Three Months Ended |    |
|----------------------------------------------------|--------|--------------------|---------|
|                                               |   | March 31,          |    |
|                                               |   | 2011               |    |   | 2010 |   |
|                                               |   | (In thousands)     |    |
| Cash flows from financing activities:              |   |               |    |   |   |   |
| Net increase (decrease) in:                        |   |               |    |   |   |   |
| Term certificates                                  |   |               | (14,846 | ) |   |   | 25,704 |   |
| Other deposits                                     |   |               | 40,057  |   |   |   | 72,163 |   |
| Short-term borrowings                              |   |               | (82,890 | ) |   |   | (133,099 | ) |
| Activity in long-term debt:                        |   |               |    |   |   |   |   |   |
| Proceeds from advances                             |   |               | -       |   |   |   | 1,080 |   |
| Payment of advances                                |   |               | (8,528  | ) |   |   | (8,884 | ) |
| Purchase of shares for incentive plans             |   |               | (818    | ) |   |   | (951 | ) |
| Repayment of subordinated debt                     |   |               | (10,310 | ) |   |   | - |   |
| Dividends paid                                     |   |               | (779    | ) |   |   | (411 | ) |
| Net cash used in financing activities              |   |               | (78,114 | ) |   |   | (44,398 | ) |
| Change in cash and cash equivalents                |   |               | 10      |   |   |   | (7,500 | ) |
| Cash and cash equivalents at beginning of period   |   |               | 30,282  |   |   |   | 71,757 |   |
| Cash and cash equivalents at end of period         |   | $                  | 30,292  |   |   | $ | 64,257 |   |
|                                               |   |               |    |   |   |   |   |   |
| Supplementary disclosure of cash flow information: |   |               |    |   |   |   |   |   |
| Cash paid during the period for:                   |   |               |    |   |   |   |   |   |
| Interest                                           |   | $                  | 7,836   |   |   | $ | 7,923 |   |
| Income taxes                                       |   |               | 1,435   |   |   |   | 1,000 |   |
| Non-cash financing and investing activities:       |   |               |    |   |   |   |   |   |
| Transfers from loans to other real estate owned    |   |               | 674     |   |   |   | 563 |   |

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Table of Contents

NOTES

| 1. | Basis of Presentation |
|----|-----------------------|

| 2. | Derivative Financial Instruments and Hedging Activities |
|----|---------------------------------------------------------|

----

Table of Contents

|                                  | Balance Sheet  |   | Fair   |   | Balance Sheet |              | Fair   |   |
|---------------------------------------|----------------|--------|--------|--------|---------------|-------------------|--------|--------|
|                                  | Location       |   | Value  |   | Location      |              | Value  |   |
|                                  | (In thousands) |   |
| Derivatives not designated as hedging |           |   |   |   |          |              |   |   |
| instruments:                          |           |   |   |   |          |              |   |   |
|                                  |           |   |   |   |          |              |   |   |
| March 31, 2011:                       |           |   |   |   |          |              |   |   |
| Interest rate swap agreements         | Other assets   |   | $      | 605    |          | Other liabilities |   | $      | 609 |   |
| Interest rate cap agreements          | Other assets   |   |   | 1      |          | Other liabilities |   |   | 1 |   |
| Total interest rate products          |           |   | $      | 606    |          |              |   | $      | 610 |   |
|                                  |           |   |   |   |          |              |   |   |   |   |
| December 31, 2010:                    |           |   |   |   |          |              |   |   |   |   |
| Interest rate swap agreements         | Other assets   |   | $      | 737    |          | Other liabilities |   | $      | 743 |   |
| Interest rate cap agreements          | Other assets   |   |   | 4      |          | Other liabilities |   |   | 4 |   |
| Total interest rate products          |           |   | $      | 741    |          |              |   | $      | 747 |   |

|                                                |   |                    |   | Gain (Loss)         |   |
|-----------------------------------------------------|--------|-------------------------|--------|---------------------|--------|
|                                                |   |                    |   | Recognized          |   |
|                                                |   |                    |   | in Income on        |   |
|                                                |   |                    |   | Derivatives for the |   |
|                                                |   | Location of Gain (Loss) |   | Quarter Ended       |   |
| Derivatives Not Designated                          |   | Recognized in           |   | March 31,           |   |
| as Hedging Instruments                              |   | Income on Derivatives   |   | 2011                |   |   | 2010 |   |
|                                                |   |                    |   | (In thousands)      |   |
|  Interest rate swap agreements                 |   |  Other income      |   | $                   | 2      |   |   | $ | (1 | ) |
|  Interest rate cap agreements                  |   |  Other income      |   |                | -      |   |   |   | (2 | ) |
|  Total income (loss) on interest rate products |   |                    |   | $                   | 2      |   |   | $ | (3 | ) |

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Table of Contents

| 3. | Securities |
|----|------------|

|                                     |   |           |    |   | Gross      |   |   | Gross      |   |   |       |   |
|------------------------------------------|--------|----------------|---------|--------|------------|--------|--------|------------|--------|--------|------------|--------|
|                                     |   | Amortized      |    |   | Unrealized |   |   | Unrealized |   |   |       |   |
|                                     |   | Cost           |    |   | Gains      |   |   | Losses     |   |   | Fair Value |   |
|                                     |   | (In thousands) |    |
| March 31, 2011:                          |   |           |    |   |       |   |   |       |   |   |       |   |
| Securities Available for Sale            |   |           |    |   |       |   |   |       |   |   |       |   |
| Debt securities:                         |   |           |    |   |       |   |   |       |   |   |       |   |
| Government-sponsored enterprises:        |   |           |    |   |       |   |   |       |   |   |       |   |
| Federal National Mortgage Association    |   | $              | 1,235   |   |       | $      | -      |       |   | $      | (55        | )      |   | $ | 1,180 |   |
| Federal Home Loan Bank                   |   |           | 252,854 |   |       |   | 637    |       |   |   | (5,607     | )      |   |   | 247,884 |   |
| Federal Farm Credit Bank                 |   |           | 88,120  |   |       |   | 287    |       |   |   | (2,208     | )      |   |   | 86,199 |   |
| Residential mortgage-backed:             |   |           |    |   |       |   |   |       |   |   |       |   |   |   |   |   |
| Federal Home Loan Mortgage Corporation   |   |           | 78,829  |   |       |   | 1,430  |       |   |   | (763       | )      |   |   | 79,496 |   |
| Federal National Mortgage Association    |   |           | 116,290 |   |       |   | 2,764  |       |   |   | (2,452     | )      |   |   | 116,602 |   |
| Government National Mortgage Association |   |           | 55,855  |   |       |   | 1,503  |       |   |   | (163       | )      |   |   | 57,195 |   |
| Municipal bonds                          |   |           | 53,624  |   |       |   | 349    |       |   |   | (2,076     | )      |   |   | 51,897 |   |
| Other bonds and notes                    |   |           | 250     |   |       |   | -      |       |   |   | -          |   |   |   | 250 |   |
| Total debt securities                    |   |           | 647,057 |   |       |   | 6,970  |       |   |   | (13,324    | )      |   |   | 640,703 |   |
| Marketable equity securities:            |   |           |    |   |       |   |   |       |   |   |       |   |   |   |   |   |
| Mutual funds                             |   |           | 612     |   |       |   | 17     |       |   |   | -          |   |   |   | 629 |   |
| Total securities available for sale      |   | $              | 647,669 |   |       | $      | 6,987  |       |   | $      | (13,324    | )      |   | $ | 641,332 |   |

| Securities Held to Maturity              |   |   |    |   |   |   |   |   |   |   |   |   |
|------------------------------------------|--------|--------|---------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
| Debt securities:                         |   |   |    |   |   |   |   |   |   |   |   |   |
| Government-sponsored enterprises:        |   |   |    |   |   |   |   |   |   |   |   |   |
| Federal Home Loan Bank                   |   | $      | 60,698  |   |   | $      | 33     |   |   | $      | (2,370 | )      |   | $ | 58,361 |   |
| Federal Farm Credit Bank                 |   |   | 26,940  |   |   |   | 98     |   |   |   | (991   | )      |   |   | 26,047 |   |
| Residential mortgage-backed:             |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Federal Home Loan Mortgage Corporation   |   |   | 18,649  |   |   |   | 55     |   |   |   | (93    | )      |   |   | 18,611 |   |
| Federal National Mortgage Association    |   |   | 25,548  |   |   |   | 200    |   |   |   | (164   | )      |   |   | 25,584 |   |
| Government National Mortgage Association |   |   | 16,232  |   |   |   | 105    |   |   |   | (31    | )      |   |   | 16,306 |   |
| Other bonds                              |   |   | 200     |   |   |   | -      |   |   |   | -      |   |   |   | 200 |   |
| Total securities held to maturity        |   | $      | 148,267 |   |   | $      | 491    |   |   | $      | (3,649 | )      |   | $ | 145,109 |   |

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Table of Contents

|                                     |   |           |    |   | Gross      |   |   | Gross      |   |   |       |   |
|------------------------------------------|--------|----------------|---------|--------|------------|--------|--------|------------|--------|--------|------------|--------|
|                                     |   | Amortized      |    |   | Unrealized |   |   | Unrealized |   |   |       |   |
|                                     |   | Cost           |    |   | Gains      |   |   | Losses     |   |   | Fair Value |   |
|                                     |   | (In thousands) |    |
| December 31, 2010:                       |   |           |    |   |       |   |   |       |   |   |       |   |
| Securities Available for Sale            |   |           |    |   |       |   |   |       |   |   |       |   |
| Debt securities:                         |   |           |    |   |       |   |   |       |   |   |       |   |
| Government-sponsored enterprises:        |   |           |    |   |       |   |   |       |   |   |       |   |
| Federal National Mortgage Association    |   | $              | 1,235   |   |       | $      | -      |       |   | $      | (52        | )      |   | $ | 1,183 |   |
| Federal Home Loan Bank                   |   |           | 300,922 |   |       |   | 1,362  |       |   |   | (4,348     | )      |   |   | 297,936 |   |
| Federal Farm Credit Bank                 |   |           | 104,670 |   |       |   | 598    |       |   |   | (1,767     | )      |   |   | 103,501 |   |
| Residential mortgage-backed:             |   |           |    |   |       |   |   |       |   |   |       |   |   |   |   |   |
| Federal Home Loan Mortgage Corporation   |   |           | 83,460  |   |       |   | 1,618  |       |   |   | (450       | )      |   |   | 84,628 |   |
| Federal National Mortgage Association    |   |           | 122,674 |   |       |   | 3,053  |       |   |   | (1,906     | )      |   |   | 123,821 |   |
| Government National Mortgage Association |   |           | 59,375  |   |       |   | 1,665  |       |   |   | (133       | )      |   |   | 60,907 |   |
| Municipal bonds                          |   |           | 53,576  |   |       |   | 197    |       |   |   | (3,016     | )      |   |   | 50,757 |   |
| Other bonds and notes                    |   |           | 250     |   |       |   | -      |       |   |   | -          |   |   |   | 250 |   |
| Total debt securities                    |   |           | 726,162 |   |       |   | 8,493  |       |   |   | (11,672    | )      |   |   | 722,983 |   |
| Marketable equity securities:            |   |           |    |   |       |   |   |       |   |   |       |   |   |   |   |   |
| Mutual funds                             |   |           | 612     |   |       |   | 15     |       |   |   | -          |   |   |   | 627 |   |
| Total securities available for sale      |   | $              | 726,774 |   |       | $      | 8,508  |       |   | $      | (11,672    | )      |   | $ | 723,610 |   |

| Securities Held to Maturity              |   |   |    |   |   |   |   |   |   |   |   |   |
|------------------------------------------|--------|--------|---------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
| Debt securities:                         |   |   |    |   |   |   |   |   |   |   |   |   |
| Government-sponsored enterprises:        |   |   |    |   |   |   |   |   |   |   |   |   |
| Federal Home Loan Bank                   |   | $      | 64,727  |   |   | $      | 126    |   |   | $      | (2,020 | )      |   | $ | 62,833 |   |
| Federal Farm Credit Bank                 |   |   | 23,912  |   |   |   | 68     |   |   |   | (836   | )      |   |   | 23,144 |   |
| Residential mortgage-backed:             |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Federal Home Loan Mortgage Corporation   |   |   | 19,708  |   |   |   | 74     |   |   |   | (56    | )      |   |   | 19,726 |   |
| Federal National Mortgage Association    |   |   | 27,093  |   |   |   | 289    |   |   |   | (123   | )      |   |   | 27,259 |   |
| Government National Mortgage Association |   |   | 17,091  |   |   |   | 186    |   |   |   | (12    | )      |   |   | 17,265 |   |
| Other bonds and notes                    |   |   | 200     |   |   |   | -      |   |   |   | -      |   |   |   | 200 |   |
| Total securities held to maturity        |   | $      | 152,731 |   |   | $      | 743    |   |   | $      | (3,047 | )      |   | $ | 150,427 |   |

----

Table of Contents

|                                     |   | Less Than Twelve Months |   |   | Over Twelve Months |   |
|------------------------------------------|--------|-------------------------|--------|--------|--------------------|--------|
|                                     |   | Gross                   |   |   |               |   |   | Gross |   |   |   |   |
|                                     |   | Unrealized              |   |   | Fair               |   |   | Unrealized |   |   | Fair |   |
|                                     |   | Losses                  |   |   | Value              |   |   | Losses |   |   | Value |   |
|                                     |   | (In thousands)          |   |
| March 31, 2011:                          |   |                    |   |   |               |   |   |   |   |   |   |   |
| Securities Available for Sale            |   |                    |   |   |               |   |   |   |   |   |   |   |
| Debt securities:                         |   |                    |   |   |               |   |   |   |   |   |   |   |
| Government-sponsored enterprises:        |   |                    |   |   |               |   |   |   |   |   |   |   |
| Federal National Mortgage Association    |   | $                       | 55     |   |               | $      | 1,180 |   |   | $ | - |   |   | $ | - |   |
| Federal Home Loan Bank                   |   |                    | 5,607  |   |               |   | 207,168 |   |   |   | - |   |   |   | - |   |
| Federal Farm Credit Bank                 |   |                    | 2,208  |   |               |   | 73,555 |   |   |   | - |   |   |   | - |   |
| Residential mortgage-backed:             |   |                    |   |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Federal Home Loan Mortgage Corporation   |   |                    | 760    |   |               |   | 30,594 |   |   |   | 3 |   |   |   | 778 |   |
| Federal National Mortgage Association    |   |                    | 2,452  |   |               |   | 45,246 |   |   |   | - |   |   |   | - |   |
| Government National Mortgage Association |   |                    | 163    |   |               |   | 17,437 |   |   |   | - |   |   |   | - |   |
| Municipal bonds                          |   |                    | 1,766  |   |               |   | 29,622 |   |   |   | 310 |   |   |   | 6,579 |   |
|                                     |   | $                       | 13,011 |   |               | $      | 404,802 |   |   | $ | 313 |   |   | $ | 7,357 |   |
|                                     |   |                    |   |   |               |   |   |   |   |   |   |   |   |   |   |   |
|                                     |   |                    |   |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Securities Held to Maturity              |   |                    |   |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Debt securities:                         |   |                    |   |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Government-sponsored enterprises:        |   |                    |   |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Federal Home Loan Bank                   |   | $                       | 2,370  |   |               | $      | 56,828 |   |   | $ | - |   |   | $ | - |   |
| Federal Farm Credit Bank                 |   |                    | 991    |   |               |   | 20,884 |   |   |   | - |   |   |   | - |   |
| Residential mortgage-backed:             |   |                    |   |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Federal Home Loan Mortgage Corporation   |   |                    | 93     |   |               |   | 12,269 |   |   |   | - |   |   |   | - |   |
| Federal National Mortgage Association    |   |                    | 164    |   |               |   | 8,121 |   |   |   |   |   |   |   |   |   |
| Government National Mortgage Association |   |                    | 31     |   |               |   | 3,524 |   |   |   | - |   |   |   | - |   |
|                                     |   | $                       | 3,649  |   |               | $      | 101,626 |   |   | $ | - |   |   | $ | - |   |

----

Table of Contents

|                                     |   | Less Than Twelve Months |   |   | Over Twelve Months |   |
|------------------------------------------|--------|-------------------------|--------|--------|--------------------|--------|
|                                     |   | Gross                   |   |   |               |   |   | Gross |   |   |   |   |
|                                     |   | Unrealized              |   |   | Fair               |   |   | Unrealized |   |   | Fair |   |
|                                     |   | Losses                  |   |   | Value              |   |   | Losses |   |   | Value |   |
|                                     |   | (In thousands)          |   |
| December 31, 2010:                       |   |                    |   |   |               |   |   |   |   |   |   |   |
| Securities Available for Sale            |   |                    |   |   |               |   |   |   |   |   |   |   |
| Debt securities:                         |   |                    |   |   |               |   |   |   |   |   |   |   |
| Government-sponsored enterprises:        |   |                    |   |   |               |   |   |   |   |   |   |   |
| Federal National Mortgage Association    |   | $                       | 52     |   |               | $      | 1,183 |   |   | $ | - |   |   | $ | - |   |
| Federal Home Loan Bank                   |   |                    | 4,348  |   |               |   | 190,677 |   |   |   | - |   |   |   | - |   |
| Federal Farm Credit Bank                 |   |                    | 1,767  |   |               |   | 74,747 |   |   |   | - |   |   |   | - |   |
| Residential mortgage-backed:             |   |                    |   |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Federal Home Loan Mortgage Corporation   |   |                    | 448    |   |               |   | 24,892 |   |   |   | 2 |   |   |   | 921 |   |
| Federal National Mortgage Association    |   |                    | 1,906  |   |               |   | 43,822 |   |   |   | - |   |   |   | - |   |
| Government National Mortgage Association |   |                    | 133    |   |               |   | 20,825 |   |   |   | - |   |   |   | - |   |
| Municipal bonds                          |   |                    | 2,854  |   |               |   | 41,198 |   |   |   | 162 |   |   |   | 1,214 |   |
|                                     |   | $                       | 11,508 |   |               | $      | 397,344 |   |   | $ | 164 |   |   | $ | 2,135 |   |
|                                     |   |                    |   |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Securities Held to Maturity              |   |                    |   |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Debt securities:                         |   |                    |   |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Government-sponsored enterprises:        |   |                    |   |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Federal Home Loan Bank                   |   | $                       | 2,020  |   |               | $      | 58,178 |   |   | $ | - |   |   | $ | - |   |
| Federal Farm Credit Bank                 |   |                    | 836    |   |               |   | 21,038 |   |   |   | - |   |   |   | - |   |
| Residential mortgage-backed:             |   |                    |   |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Federal Home Loan Mortgage Corporation   |   |                    | 56     |   |               |   | 14,109 |   |   |   | - |   |   |   | - |   |
| Federal National Mortgage Association    |   |                    | 123    |   |               |   | 12,057 |   |   |   | - |   |   |   | - |   |
| Government National Mortgage Association |   |                    | 12     |   |               |   | 3,604 |   |   |   | - |   |   |   | - |   |
|                                     |   | $                       | 3,047  |   |               | $      | 108,986 |   |   | $ | - |   |   | $ | - |   |

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Table of Contents

|                      |   | March 31, 2011         |      |   | December 31, 2010 |   |
|---------------------------|--------|------------------------|-----------|--------|-------------------|--------|
|                      |   | Amount                 |      |   | Percent           |   |   | Amount |   |   | Percent |   |
|                      |   | (Dollars in thousands) |      |
| Real estate mortgages:    |   |                   |      |   |              |   |   |   |   |   |   |   |
| Construction              |   | $                      | 121,891   |   |              |   | 6.8 | % |   | $ | 122,550 |   |   |   | 6.9 | % |
| Residential               |   |                   | 294,398   |   |              |   | 16.4 |   |   |   | 305,233 |   |   |   | 17.1 |   |
| Commercial                |   |                   | 402,592   |   |              |   | 22.4 |   |   |   | 403,937 |   |   |   | 22.6 |   |
| Home equity               |   |                   | 82,641    |   |              |   | 4.6 |   |   |   | 83,837 |   |   |   | 4.7 |   |
| C&I                   |   |                   | 889,490   |   |              |   | 49.6 |   |   |   | 866,445 |   |   |   | 48.5 |   |
| Consumer                  |   |                   | 2,941     |   |              |   | 0.2 |   |   |   | 3,355 |   |   |   | 0.2 |   |
| Total loans               |   |                   | 1,793,953 |   |              |   | 100.0 | % |   |   | 1,785,357 |   |   |   | 100.0 | % |
| Allowance for loan losses |   |                   | (18,930   | )      |              |   |   |   |   |   | (17,900 | ) |   |   |   |   |
| Net deferred loan fees    |   |                   | (2,662    | )      |              |   |   |   |   |   | (2,616 | ) |   |   |   |   |
| Loans, net                |   | $                      | 1,772,361 |   |              |   |   |   |   | $ | 1,764,841 |   |   |   |   |   |

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Table of Contents

|                                             |   | At or For the Three Months Ended March 31, |    |
|--------------------------------------------------|--------|--------------------------------------------|---------|
|                                             |   | 2011                                       |    |   | 2010 |   |
|                                             |   | Real Estate Mortgages                      |    | Other |   |   |   |   |   |   |   |   |   |
|                                             |   | Construction                               |    | Residential |   | Commercial |   | Home Equity |   | C&I |   | Consumer |   | Unallocated |   |   | Total |   |   | Amount |   |
|                                             |   | (In thousands)                             |    |   |   |   |
| Allowance for loan losses:                       |   |                                       |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance at beginning of period                   |   | $                                          | 2,134   |   | $ | 824 |   | $ | 4,267 |   | $ | 343 |   | $ | 9,826 |   | $ | 25 |   | $ | 481 |   |   | $ | 17,900 |   |   | $ | 14,699 |   |
| Provisions                                       |   |                                       | (12     | ) |   | 347 |   |   | 414 |   |   | 4 |   |   | 404 |   |   | (6 | ) |   | 49 |   |   |   | 1,200 |   |   |   | 1,200 |   |
| Recoveries of loans previously charged-off       |   |                                       | -       |   |   | 2 |   |   | 1 |   |   | - |   |   | 10 |   |   | 7 |   |   | - |   |   |   | 20 |   |   |   | 5 |   |
|                                             |   |                                       | 2,122   |   |   | 1,173 |   |   | 4,682 |   |   | 347 |   |   | 10,240 |   |   | 26 |   |   | 530 |   |   |   | 19,120 |   |   |   | 15,904 |   |
| Loans charged off                                |   |                                       | -       |   |   | (143 | ) |   | (42 | ) |   | - |   |   | - |   |   | (5 | ) |   | - |   |   |   | (190 | ) |   |   | (395 | ) |
| Balance at end of period                         |   | $                                          | 2,122   |   | $ | 1,030 |   | $ | 4,640 |   | $ | 347 |   | $ | 10,240 |   | $ | 21 |   | $ | 530 |   |   | $ | 18,930 |   |   | $ | 15,509 |   |
|                                             |   |                                       |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Individually evaluated for impairment            |   | $                                          | -       |   | $ | 400 |   | $ | 1,060 |   | $ | - |   | $ | 605 |   | $ | 9 |   | $ | - |   |   | $ | 2,074 |   |   |   | N/A |   |
| Collectively evaluated for impairment            |   |                                       | 2,122   |   |   | 610 |   |   | 3,580 |   |   | 299 |   |   | 9,635 |   |   | 12 |   |   | 530 |   |   |   | 16,788 |   |   |   | N/A |   |
| Acquired with deteriorated credit quality        |   |                                       | -       |   |   | 20 |   |   | - |   |   | 48 |   |   | - |   |   | - |   |   | - |   |   |   | 68 |   |   |   | N/A |   |
|                                             |   | $                                          | 2,122   |   | $ | 1,030 |   | $ | 4,640 |   | $ | 347 |   | $ | 10,240 |   | $ | 21 |   | $ | 530 |   |   | $ | 18,930 |   |   |   | N/A |   |
|                                             |   |                                       |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Principal balance of loan financing receivables: |   |                                       |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Individually evaluated for impairment            |   | $                                          | -       |   | $ | 6,496 |   | $ | 1,202 |   | $ | 1,031 |   | $ | 4,417 |   | $ | 10 |   |   |   |   |   | $ | 13,156 |   |   |   | N/A |   |
| Collectively evaluated for impairment            |   |                                       | 120,061 |   |   | 243,875 |   |   | 325,355 |   |   | 59,802 |   |   | 801,079 |   |   | 2,358 |   |   |   |   |   |   | 1,552,530 |   |   |   | N/A |   |
|                                             |   | $                                          | 120,061 |   | $ | 250,371 |   | $ | 326,557 |   | $ | 60,833 |   | $ | 805,496 |   | $ | 2,368 |   |   |   |   |   | $ | 1,565,686 |   |   |   | N/A |   |
|                                             |   |                                       |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Acquired with deteriorated credit quality        |   | $                                          | -       |   | $ | 419 |   | $ | - |   | $ | 48 |   | $ | - |   | $ | - |   |   |   |   |   | $ | 467 |   |   |   | N/A |   |

|                                             |   | December 31, 2010     |    |
|--------------------------------------------------|--------|-----------------------|---------|
|                                             |   | Real Estate Mortgages |    | Other |   |   |   |   |   |   |
|                                             |   | Construction          |    | Residential |   | Commercial |   | Home Equity |   | C&I |   | Consumer |   | Unallocated |   |   | Total |   |
|                                             |   | (In thousands)        |    |
| Allowance for loan losses:                       |   |                  |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Individually evaluated for impairment            |   | $                     | -       |   | $ | 125 |   | $ | 656 |   | $ | - |   | $ | 474 |   | $ | 13 |   | $ | - |   |   | $ | 1,268 |   |
| Collectively evaluated for impairment            |   |                  | 2,134   |   |   | 629 |   |   | 3,611 |   |   | 296 |   |   | 9,337 |   |   | 12 |   |   | 481 |   |   |   | 16,500 |   |
| Acquired with deteriorated credit quality        |   |                  | -       |   |   | 70 |   |   | - |   |   | 47 |   |   | 15 |   |   | - |   |   | - |   |   |   | 132 |   |
|                                             |   | $                     | 2,134   |   | $ | 824 |   | $ | 4,267 |   | $ | 343 |   | $ | 9,826 |   | $ | 25 |   | $ | 481 |   |   | $ | 17,900 |   |
|                                             |   |                  |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Principal balance of loan financing receivables: |   |                  |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Individually evaluated for impairment            |   | $                     | -       |   | $ | 5,497 |   | $ | 1,204 |   | $ | 975 |   | $ | 3,829 |   | $ | 13 |   |   |   |   |   | $ | 11,518 |   |
| Collectively evaluated for impairment            |   |                  | 120,954 |   |   | 251,644 |   |   | 328,203 |   |   | 59,180 |   |   | 775,388 |   |   | 2,499 |   |   |   |   |   |   | 1,537,868 |   |
|                                             |   | $                     | 120,954 |   | $ | 257,141 |   | $ | 329,407 |   | $ | 60,155 |   | $ | 779,217 |   | $ | 2,512 |   |   |   |   |   | $ | 1,549,386 |   |
|                                             |   |                  |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Acquired with deteriorated credit quality        |   | $                     | -       |   | $ | 2,168 |   | $ | - |   | $ | 68 |   | $ | 175 |   | $ | - |   |   |   |   |   | $ | 2,411 |   |

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Table of Contents

|                                            |   |                   |      |   |         |   |      | At or For the |   |
|-------------------------------------------------|--------|------------------------|-----------|--------|--------------|--------|-----------|---------------|--------|
|                                            |   | At or For the Three    |      |   | Year Ended   |   |
|                                            |   | Months Ended March 31, |      |   | December 31, |   |
|                                            |   | 2011                   |      |   | 2010         |   |      | 2010          |   |
|                                            |   | (Dollars in thousands) |      |
|                                            |   |                   |      |   |         |   |      |          |   |
| Total loans outstanding (1)                     |   | $                      | 1,794,145 |   |         | $      | 1,662,202 |          |   | $ | 1,785,622 |   |
| Average loans outstanding                       |   | $                      | 1,802,824 |   |         | $      | 1,662,729 |          |   | $ | 1,691,942 |   |
|                                            |   |                   |      |   |         |   |      |          |   |   |   |   |
| Allowance for loan losses as a percent of total |   |                   |      |   |         |   |      |          |   |   |   |   |
| loans outstanding                               |   |                   | 1.06      | %      |         |   | 0.93      | %             |   |   | 1.00 | % |
| Net loans charged off as a percent of average   |   |                   |      |   |         |   |      |          |   |   |   |   |
| loans outstanding (2)                           |   |                   | 0.04      | %      |         |   | 0.09      | %             |   |   | 0.12 | % |
| Allowance for loan losses to non-performing     |   |                   |      |   |         |   |      |          |   |   |   |   |
| loans                                           |   |                   | 138.22    | %      |         |   | 99.80     | %             |   |   | 127.75 | % |

| (2) | Ratios for the three months ended March 31, 2011 and 2010 are annualized. |
|-----|---------------------------------------------------------------------------|

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Table of Contents

|                                          |   | March 31, 2011 |   |   | December 31, 2010 |   |
|-----------------------------------------------|--------|----------------|--------|--------|-------------------|--------|
|                                          |   |           |   |   | Unpaid            |   |   | Related |   |   |   |   |   | Unpaid |   |   | Related |   |
|                                          |   | Recorded       |   |   | Principal         |   |   | Valuation |   |   | Recorded |   |   | Principal |   |   | Valuation |   |
|                                          |   | Investment     |   |   | Balance           |   |   | Allowance |   |   | Investment |   |   | Balance |   |   | Allowance |   |
|                                          |   | (In thousands) |   |
| Impaired loans without a valuation allowance: |   |           |   |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Construction                                  |   | $              | -      |   |              | $      | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |
| Residential real estate                       |   |           | 5,170  |   |              |   | 5,119 |   |   |   | - |   |   |   | 5,694 |   |   |   | 5,644 |   |   |   | - |   |
| Commercial real estate                        |   |           | 51     |   |              |   | 51 |   |   |   | - |   |   |   | 456 |   |   |   | 457 |   |   |   | - |   |
| Home equity real estate                       |   |           | 1,031  |   |              |   | 1,031 |   |   |   | - |   |   |   | 995 |   |   |   | 995 |   |   |   | - |   |
| C&I                                       |   |           | 3,433  |   |              |   | 3,432 |   |   |   | - |   |   |   | 3,339 |   |   |   | 3,337 |   |   |   | - |   |
| Consumer                                      |   |           | -      |   |              |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                          |   | $              | 9,685  |   |              | $      | 9,633 |   |   | $ | - |   |   | $ | 10,484 |   |   | $ | 10,433 |   |   | $ | - |   |
|                                          |   |           |   |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Impaired loans with a valuation allowance:    |   |           |   |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Construction                                  |   | $              | -      |   |              | $      | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |
| Residential real estate                       |   |           | 1,819  |   |              |   | 1,796 |   |   |   | 420 |   |   |   | 2,054 |   |   |   | 2,021 |   |   |   | 195 |   |
| Commercial real estate                        |   |           | 1,151  |   |              |   | 1,151 |   |   |   | 1,060 |   |   |   | 747 |   |   |   | 747 |   |   |   | 656 |   |
| Home equity real estate                       |   |           | 47     |   |              |   | 48 |   |   |   | 48 |   |   |   | 47 |   |   |   | 48 |   |   |   | 47 |   |
| C&I                                       |   |           | 985    |   |              |   | 985 |   |   |   | 604 |   |   |   | 667 |   |   |   | 667 |   |   |   | 489 |   |
| Consumer                                      |   |           | 10     |   |              |   | 10 |   |   |   | 10 |   |   |   | 13 |   |   |   | 13 |   |   |   | 13 |   |
|                                          |   | $              | 4,012  |   |              | $      | 3,990 |   |   | $ | 2,142 |   |   | $ | 3,528 |   |   | $ | 3,496 |   |   | $ | 1,400 |   |
|                                          |   |           |   |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total impaired loans:                         |   |           |   |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Construction                                  |   | $              | -      |   |              | $      | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |
| Residential real estate                       |   |           | 6,989  |   |              |   | 6,915 |   |   |   | 420 |   |   |   | 7,748 |   |   |   | 7,665 |   |   |   | 195 |   |
| Commercial real estate                        |   |           | 1,202  |   |              |   | 1,202 |   |   |   | 1,060 |   |   |   | 1,203 |   |   |   | 1,204 |   |   |   | 656 |   |
| Home equity real estate                       |   |           | 1,078  |   |              |   | 1,079 |   |   |   | 48 |   |   |   | 1,042 |   |   |   | 1,043 |   |   |   | 47 |   |
| C&I                                       |   |           | 4,418  |   |              |   | 4,417 |   |   |   | 604 |   |   |   | 4,006 |   |   |   | 4,004 |   |   |   | 489 |   |
| Consumer                                      |   |           | 10     |   |              |   | 10 |   |   |   | 10 |   |   |   | 13 |   |   |   | 13 |   |   |   | 13 |   |
|                                          |   | $              | 13,697 |   |              | $      | 13,623 |   |   | $ | 2,142 |   |   | $ | 14,012 |   |   | $ | 13,929 |   |   | $ | 1,400 |   |

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Table of Contents

|                                          |   | Three Months Ended March 31, 2011 |   |   | Year Ended December 31, 2010 |   |
|-----------------------------------------------|--------|-----------------------------------|--------|--------|------------------------------|--------|
|                                          |   | Average                           |   |   |                         |   |   |   |   |   | Average |   |   |   |   |   |   |   |
|                                          |   | Recorded                          |   |   | Interest Income Recognized   |   |   | Recorded |   |   | Interest Income Recognized |   |
|                                          |   | Investment                        |   |   | Total                        |   |   | Cash Basis |   |   | Investment |   |   | Total |   |   | Cash Basis |   |
|                                          |   | (In thousands)                    |   |
| Impaired loans without a valuation allowance: |   |                              |   |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Construction                                  |   | $                                 | -      |   |                         | $      | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |
| Residential real estate                       |   |                              | 5,536  |   |                         |   | 66 |   |   |   | 66 |   |   |   | 5,131 |   |   |   | 237 |   |   |   | 237 |   |
| Commercial real estate                        |   |                              | 52     |   |                         |   | 1 |   |   |   | 1 |   |   |   | 2,867 |   |   |   | 192 |   |   |   | 6 |   |
| Home equity real estate                       |   |                              | 1,008  |   |                         |   | 9 |   |   |   | 9 |   |   |   | 1,201 |   |   |   | 35 |   |   |   | 35 |   |
| C&I                                       |   |                              | 3,961  |   |                         |   | 16 |   |   |   | 3 |   |   |   | 4,897 |   |   |   | 137 |   |   |   | 15 |   |
| Consumer                                      |   |                              | -      |   |                         |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                          |   | $                                 | 10,557 |   |                         | $      | 92 |   |   | $ | 79 |   |   | $ | 14,096 |   |   | $ | 601 |   |   | $ | 293 |   |
|                                          |   |                              |   |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Impaired loans with a valuation allowance:    |   |                              |   |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Construction                                  |   | $                                 | -      |   |                         | $      | - |   |   | $ | - |   |   | $ | 182 |   |   | $ | - |   |   | $ | - |   |
| Residential real estate                       |   |                              | 1,797  |   |                         |   | 10 |   |   |   | 10 |   |   |   | 1,098 |   |   |   | 58 |   |   |   | 54 |   |
| Commercial real estate                        |   |                              | 1,151  |   |                         |   | 24 |   |   |   | 24 |   |   |   | 738 |   |   |   | 44 |   |   |   | 5 |   |
| Home equity real estate                       |   |                              | 48     |   |                         |   | 1 |   |   |   | 1 |   |   |   | 195 |   |   |   | 2 |   |   |   | 2 |   |
| C&I                                       |   |                              | 318    |   |                         |   | 1 |   |   |   | 1 |   |   |   | 1,237 |   |   |   | 18 |   |   |   | 8 |   |
| Consumer                                      |   |                              | 1,349  |   |                         |   | - |   |   |   | - |   |   |   | 56 |   |   |   | 2 |   |   |   | 2 |   |
|                                          |   | $                                 | 4,663  |   |                         | $      | 36 |   |   | $ | 36 |   |   | $ | 3,506 |   |   | $ | 124 |   |   | $ | 71 |   |
|                                          |   |                              |   |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total impaired loans:                         |   |                              |   |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Construction                                  |   | $                                 | -      |   |                         | $      | - |   |   | $ | - |   |   | $ | 182 |   |   | $ | - |   |   | $ | - |   |
| Residential real estate                       |   |                              | 7,333  |   |                         |   | 76 |   |   |   | 76 |   |   |   | 6,229 |   |   |   | 295 |   |   |   | 291 |   |
| Commercial real estate                        |   |                              | 1,203  |   |                         |   | 25 |   |   |   | 25 |   |   |   | 3,605 |   |   |   | 236 |   |   |   | 11 |   |
| Home equity real estate                       |   |                              | 1,056  |   |                         |   | 10 |   |   |   | 10 |   |   |   | 1,396 |   |   |   | 37 |   |   |   | 37 |   |
| C&I                                       |   |                              | 4,279  |   |                         |   | 17 |   |   |   | 4 |   |   |   | 6,134 |   |   |   | 155 |   |   |   | 23 |   |
| Consumer                                      |   |                              | 1,349  |   |                         |   | - |   |   |   | - |   |   |   | 56 |   |   |   | 2 |   |   |   | 2 |   |
|                                          |   | $                                 | 15,220 |   |                         | $      | 128 |   |   | $ | 115 |   |   | $ | 17,602 |   |   | $ | 725 |   |   | $ | 364 |   |

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Table of Contents

|                        |   | March 31, 2011 |   |
|-----------------------------|--------|----------------|--------|
|                        |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | Recorded |   |   |   |   |
|                        |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | Investment |   |   |   |   |
|                        |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | Greater than |   |   |   |   |
|                        |   |           |   |   |   |   |   | Greater than |   |   |   |   |   |   |   |   |   |   |   | 90 Days |   |   | Total |   |
|                        |   | 30-59 Days     |   |   | 60-89 Days |   |   | 90 Days |   |   | Total |   |   |   |   |   | Total |   |   | Past Due and |   |   | Non-Accrual |   |
|                        |   | Past Due       |   |   | Past Due |   |   | Past Due |   |   | Past Due |   |   | Current |   |   | Loans |   |   | Still Accruing |   |   | Loans |   |
|                        |   | (In thousands) |   |   |   |   |
| Real estate mortgages       |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Construction                |   | $              | 395    |   |   | $ | - |   |   | $ | - |   |   | $ | 395 |   |   | $ | 121,496 |   |   | $ | 121,891 |   |   | $ | - |   |   | $ | - |   |
| Residential                 |   |           | 2,892  |   |   |   | 5 |   |   |   | 3,356 |   |   |   | 6,253 |   |   |   | 288,145 |   |   |   | 294,398 |   |   |   | - |   |   |   | 6,989 |   |
| Commercial                  |   |           | 625    |   |   |   | 51 |   |   |   | - |   |   |   | 676 |   |   |   | 401,916 |   |   |   | 402,592 |   |   |   | - |   |   |   | 1,202 |   |
| Home equity real estate     |   |           | 356    |   |   |   | 28 |   |   |   | 38 |   |   |   | 422 |   |   |   | 82,219 |   |   |   | 82,641 |   |   |   | - |   |   |   | 1,078 |   |
| Total real estate mortgages |   |           | 4,268  |   |   |   | 84 |   |   |   | 3,394 |   |   |   | 7,746 |   |   |   | 893,776 |   |   |   | 901,522 |   |   |   | - |   |   |   | 9,269 |   |
| C&I                     |   |           | 2,045  |   |   |   | 2,058 |   |   |   | 2,496 |   |   |   | 6,599 |   |   |   | 882,891 |   |   |   | 889,490 |   |   |   | - |   |   |   | 3,539 |   |
| Consumer                    |   |           | 6      |   |   |   | 1 |   |   |   | - |   |   |   | 7 |   |   |   | 2,934 |   |   |   | 2,941 |   |   |   | - |   |   |   | 9 |   |
|                        |   | $              | 6,319  |   |   | $ | 2,143 |   |   | $ | 5,890 |   |   | $ | 14,352 |   |   | $ | 1,779,601 |   |   | $ | 1,793,953 |   |   | $ | - |   |   | $ | 12,817 |   |

|                        |   | December 31, 2010 |   |
|-----------------------------|--------|-------------------|--------|
|                        |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | Recorded |   |   |   |   |
|                        |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | Investment |   |   |   |   |
|                        |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | Greater than |   |   |   |   |
|                        |   |              |   |   |   |   |   | Greater than |   |   |   |   |   |   |   |   |   |   |   | 90 Days |   |   | Total |   |
|                        |   | 30-59 Days        |   |   | 60-89 Days |   |   | 90 Days |   |   | Total |   |   |   |   |   | Total |   |   | Past Due and |   |   | Non-Accrual |   |
|                        |   | Past Due          |   |   | Past Due |   |   | Past Due |   |   | Past Due |   |   | Current |   |   | Loans |   |   | Still Accruing |   |   | Loans |   |
|                        |   | (In thousands)    |   |
| Real estate mortgages       |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Construction                |   | $                 | -      |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | 122,550 |   |   | $ | 122,550 |   |   | $ | - |   |   | $ | - |   |
| Residential                 |   |              | 2,872  |   |   |   | 714 |   |   |   | 3,710 |   |   |   | 7,296 |   |   |   | 297,937 |   |   |   | 305,233 |   |   |   | - |   |   |   | 7,748 |   |
| Commercial                  |   |              | -      |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 403,937 |   |   |   | 403,937 |   |   |   | - |   |   |   | 1,203 |   |
| Home equity real estate     |   |              | 64     |   |   |   | 427 |   |   |   | - |   |   |   | 491 |   |   |   | 83,346 |   |   |   | 83,837 |   |   |   | - |   |   |   | 1,042 |   |
| Total real estate mortgages |   |              | 2,936  |   |   |   | 1,141 |   |   |   | 3,710 |   |   |   | 7,787 |   |   |   | 907,770 |   |   |   | 915,557 |   |   |   | - |   |   |   | 9,993 |   |
| C&I                     |   |              | 143    |   |   |   | 82 |   |   |   | 2,787 |   |   |   | 3,012 |   |   |   | 863,433 |   |   |   | 866,445 |   |   |   | - |   |   |   | 3,079 |   |
| Consumer                    |   |              | 10     |   |   |   | - |   |   |   | 1 |   |   |   | 11 |   |   |   | 3,344 |   |   |   | 3,355 |   |   |   | - |   |   |   | 13 |   |
|                        |   | $                 | 3,089  |   |   | $ | 1,223 |   |   | $ | 6,498 |   |   | $ | 10,810 |   |   | $ | 1,774,547 |   |   | $ | 1,785,357 |   |   | $ | - |   |   | $ | 13,085 |   |

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|                                                                                                                                    |   | March 31, 2011                                         |      |
|-----------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------|-----------|
|                                                                                                                                    |   |                                                   |      |   |   |   |   |   |   | Credit Risk Profile |   |   |   |
|                                                                                                                                    |   | Credit Risk Profile Based on Internally Assigned Grade |      | Based on Payment Activity |   | Total |   |
|                                                                                                                                    |   |                                                   |      |   |   |   |   |   |   |   |   | Non- |   |   |   |
|                                                                                                                                    |   |                                                   | 1 - 6     |   |   | 7 |   |   | 8 |   |   | 9 |   | Performing |   | Performing |   |   |   |
|                                                                                                                                    |   | (In thousands)                                         |      |
| Commercial Credit Exposure:                                                                                                             |   |                                                   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Construction                                                                                                                            |   | $                                                      | 102,325   |   | $ | 17,504 |   | $ | 2,062 |   | $ | - |   | $ | - |   | $ | - |   | $ | 121,891 |   |
| Commercial real estate                                                                                                                  |   |                                                   | 390,006   |   |   | 5,347 |   |   | 7,239 |  (1) |   | - |   |   | - |   |   | - |   |   | 402,592 |   |
| C&I                                                                                                                                 |   |                                                   | 859,497   |  (2) |   | 19,526 |   |   | 10,467 |  (3) |   | - |   |   | - |   |   | - |   |   | 889,490 |   |
| Total commercial credit exposure                                                                                                        |   |                                                   | 1,351,828 |   |   | 42,377 |   |   | 19,768 |   |   | - |   |   | - |   |   | - |   |   | 1,413,973 |   |
|                                                                                                                                    |   |                                                   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Consumer Credit Exposure:                                                                                                               |   |                                                   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Residential real estate                                                                                                                 |   |                                                   | -         |   |   | - |   |   | - |   |   | - |   |   | 287,409 |   |   | 6,989 |   |   | 294,398 |   |
| Home equity real estate                                                                                                                 |   |                                                   | -         |   |   | - |   |   | - |   |   | - |   |   | 81,563 |   |   | 1,078 |   |   | 82,641 |   |
| Consumer                                                                                                                                |   |                                                   | -         |   |   | - |   |   | - |   |   | - |   |   | 2,932 |   |   | 9 |   |   | 2,941 |   |
| Total consumer credit exposure                                                                                                          |   |                                                   | -         |   |   | - |   |   | - |   |   | - |   |   | 371,904 |   |   | 8,076 |   |   | 379,980 |   |
| Total commercial and consumer                                                                                                           |   |                                                   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| credit exposure                                                                                                                         |   | $                                                      | 1,351,828 |   | $ | 42,377 |   | $ | 19,768 |   | $ | - |   | $ | 371,904 |   | $ | 8,076 |   | $ | 1,793,953 |   |
|                                                                                                                                    |   |                                                   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (1) Included in commercial real estate loans risk rated 8 are non-performing loans in the amount of $1,202,000, at March 31, 2011. |   |                                                   |      |   |   |   |   |
| (2) Included in C&I loans risk rated 5-6 are non-performing loans in the amount of $204,000 at March 31 2011.                  |   |                                                   |      |   |   |   |   |   |   |   |
| (3) Included in C&I loans risk rated 8 are non-performing loans in the amount of $3,335,000 at March 31 2011.                  |   |                                                   |      |   |   |   |   |   |   |   |

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|                                            |   | March 31,              |   |   | December 31, |   |
|-------------------------------------------------|--------|------------------------|--------|--------|--------------|--------|
|                                            |   | 2011                   |   |   | 2010         |   |
|                                            |   | (Dollars in thousands) |   |
| Non-accrual loans:                              |   |                   |   |   |         |   |
| Real estate mortgages:                          |   |                   |   |   |         |   |
| Construction                                    |   | $                      | -      |   |         | $      | - |   |
| Residential                                     |   |                   | 6,989  |   |         |   | 7,748 |   |
| Commercial                                      |   |                   | 1,071  |   |         |   | 1,072 |   |
| Home equity                                     |   |                   | 1,078  |   |         |   | 1,042 |   |
| Total real estate mortgages                     |   |                   | 9,138  |   |         |   | 9,862 |   |
| C&I                                         |   |                   | 2,725  |   |         |   | 2,263 |   |
| Consumer                                        |   |                   | 10     |   |         |   | 13 |   |
| Troubled debt restructured loans - non-accrual  |   |                   | 945    |   |         |   | 947 |   |
| Total non-accrual loans (1)                     |   | $                      | 12,818 |   |         | $      | 13,085 |   |
| Troubled debt restructured loans - accruing (2) |   | $                      | 879    |   |         | $      | 927 |   |
| Total non-performing loans                      |   | $                      | 13,697 |   |         | $      | 14,012 |   |
| Other real estate owned                         |   |                   | 1,506  |   |         |   | 832 |   |
| Total non-performing assets                     |   | $                      | 15,203 |   |         | $      | 14,844 |   |
| Total non-performing loans to total loans (3)   |   |                   | 0.76   | %      |         |   | 0.78 | % |
| Total non-performing loans to total assets      |   |                   | 0.49   | %      |         |   | 0.49 | % |
| Total non-performing assets to total assets     |   |                   | 0.55   | %      |         |   | 0.52 | % |

| (1) | All loans on non-accrual status are considered non-performing. |
|-----|----------------------------------------------------------------|

| (2) | Troubled debt restructured loans that have been performing in accordance with their modified terms for a period of less than 12 months are considered non-performing. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Total loans include loans held for sale. |
|-----|------------------------------------------|

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| 5. | Fair Value of Assets and Liabilities |
|----|--------------------------------------|

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----

Table of Contents

|                                     |   | March 31, 2011 |   |
|------------------------------------------|--------|----------------|--------|
|                                     |   | Level 1        |   |   | Level 2 |   |   | Level 3 |   |   | Fair Value |   |
|                                     |   | (In thousands) |   |
| Assets                                   |   |           |   |   |   |   |   |   |   |   |   |   |
| Securities Available for Sale:           |   |           |   |   |   |   |   |   |   |   |   |   |
| Debt securities:                         |   |           |   |   |   |   |   |   |   |   |   |   |
| Government-sponsored enterprises:        |   |           |   |   |   |   |   |   |   |   |   |   |
| Federal National Mortgage Association    |   | $              | -      |   |   | $ | 1,180 |   |   | $ | - |   |   | $ | 1,180 |   |
| Federal Home Loan Bank                   |   |           | -      |   |   |   | 247,884 |   |   |   | - |   |   |   | 247,884 |   |
| Federal Farm Credit Bank                 |   |           | -      |   |   |   | 86,199 |   |   |   | - |   |   |   | 86,199 |   |
| Residential mortgage-backed:             |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Federal Home Loan Mortgage Corporation   |   |           | -      |   |   |   | 79,496 |   |   |   | - |   |   |   | 79,496 |   |
| Federal National Mortgage Association    |   |           | -      |   |   |   | 116,602 |   |   |   | - |   |   |   | 116,602 |   |
| Government National Mortgage Association |   |           | -      |   |   |   | 57,195 |   |   |   | - |   |   |   | 57,195 |   |
| Municipal bonds                          |   |           | -      |   |   |   | 51,897 |   |   |   | - |   |   |   | 51,897 |   |
| Other bonds and notes                    |   |           | -      |   |   |   | 250 |   |   |   | - |   |   |   | 250 |   |
| Marketable equity securities:            |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Mutual funds                             |   |           | -      |   |   |   | 629 |   |   |   | - |   |   |   | 629 |   |
| Other:                                   |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest rate products                   |   |           | -      |   |   |   | 606 |   |   |   | - |   |   |   | 606 |   |
| Total assets                             |   | $              | -      |   |   | $ | 641,938 |   |   | $ | - |   |   | $ | 641,938 |   |
|                                     |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Liabilities                              |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest rate products                   |   | $              | -      |   |   | $ | 610 |   |   | $ | - |   |   | $ | 610 |   |

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Table of Contents

|                                     |   | December 31, 2010 |   |
|------------------------------------------|--------|-------------------|--------|
|                                     |   | Level 1           |   |   | Level 2 |   |   | Level 3 |   |   | Fair Value |   |
|                                     |   | (In thousands)    |   |
| Assets                                   |   |              |   |   |   |   |   |   |   |   |   |   |
| Securities Available for Sale:           |   |              |   |   |   |   |   |   |   |   |   |   |
| Debt securities:                         |   |              |   |   |   |   |   |   |   |   |   |   |
| Other government-sponsored enterprises:  |   |              |   |   |   |   |   |   |   |   |   |   |
| Federal Home Loan Mortgage Corporation   |   | $                 | -      |   |   | $ | 1,183 |   |   | $ | - |   |   | $ | 1,183 |   |
| Federal Home Loan Bank                   |   |              | -      |   |   |   | 297,936 |   |   |   | - |   |   |   | 297,936 |   |
| Federal Farm Credit Bank                 |   |              | -      |   |   |   | 103,501 |   |   |   | - |   |   |   | 103,501 |   |
| Residential mortgage-backed:             |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Federal Home Loan Mortgage Corporation   |   |              | -      |   |   |   | 84,628 |   |   |   | - |   |   |   | 84,628 |   |
| Federal National Mortgage Association    |   |              | -      |   |   |   | 123,821 |   |   |   | - |   |   |   | 123,821 |   |
| Government National Mortgage Association |   |              | -      |   |   |   | 60,907 |   |   |   | - |   |   |   | 60,907 |   |
| Municipal bonds                          |   |              | -      |   |   |   | 50,757 |   |   |   | - |   |   |   | 50,757 |   |
| Other bonds and notes                    |   |              | -      |   |   |   | 250 |   |   |   | - |   |   |   | 250 |   |
| Marketable equity securities:            |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Mutual funds                             |   |              | -      |   |   |   | 627 |   |   |   | - |   |   |   | 627 |   |
| Other:                                   |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest rate products                   |   |              | -      |   |   |   | 741 |   |   |   | - |   |   |   | 741 |   |
| Total assets                             |   | $                 | -      |   |   | $ | 724,351 |   |   | $ | - |   |   | $ | 724,351 |   |
|                                     |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Liabilities                              |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest rate products                   |   | $                 | -      |   |   | $ | 747 |   |   | $ | - |   |   | $ | 747 |   |

|                                                              |   | Assets         |   |
|-------------------------------------------------------------------|--------|----------------|--------|
|                                                              |   | Securities     |   |
|                                                              |   | Available      |   |
|                                                              |   | for Sale       |   |
|                                                              |   | (In thousands) |   |
|                                                              |   |           |   |
| Balance as of December 31, 2009                                   |   | $              | 692    |   |
| Total unrealized losses included in other comprehensive income    |   |           | (108   | ) |
| Purchases                                                         |   |           | -      |   |
| Balance as of March 31, 2010                                      |   | $              | 584    |   |
|                                                              |   |           |   |   |
| Change in unrealized losses relating to instruments still held at |   |           |   |   |
| March 31, 2010                                                    |   | $              | (108   | ) |

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Table of Contents

|                    |   |           |   |   |    |   |   |    |   |   | Three Months |   |
|-------------------------|--------|----------------|--------|--------|---------|--------|--------|---------|--------|--------|--------------|--------|
|                    |   |           |   |   |    |   |   |    |   |   | Ended        |   |
|                    |   |           |   |   |    |   |   |    |   |   | March 31,    |   |
|                    |   | March 31, 2011 |   |   | 2011    |   |
|                    |   |           |   |   |    |   |   |    |   |   | Total        |   |
|                    |   | Level 1        |   |   | Level 2 |   |   | Level 3 |   |   | Losses       |   |
|                    |   | (In thousands) |   |
| Assets                  |   |           |   |   |    |   |   |    |   |   |         |   |
| Other real estate owned |   | $              | -      |   |    | $      | -      |    |   | $      | 1,506        |   |   | $ | 23 |   |
| Impaired loans          |   |           | -      |   |    |   | -      |    |   |   | 1,847        |   |   |   | 1,029 |   |
|                    |   | $              | -      |   |    | $      | -      |    |   | $      | 3,353        |   |   | $ | 1,052 |   |

|                    |   |              |   |   |    |   |   |    |   |   | Three Months |   |
|-------------------------|--------|-------------------|--------|--------|---------|--------|--------|---------|--------|--------|--------------|--------|
|                    |   |              |   |   |    |   |   |    |   |   | Ended        |   |
|                    |   |              |   |   |    |   |   |    |   |   | March 31,    |   |
|                    |   | December 31, 2010 |   |   | 2010    |   |
|                    |   |              |   |   |    |   |   |    |   |   | Total        |   |
|                    |   | Level 1           |   |   | Level 2 |   |   | Level 3 |   |   | Losses       |   |
|                    |   | (In thousands)    |   |
| Assets                  |   |              |   |   |    |   |   |    |   |   |         |   |
| Other real estate owned |   | $                 | -      |   |    | $      | -      |    |   | $      | 832          |   |   | $ | - |   |
| Impaired loans          |   |              | -      |   |    |   | -      |    |   |   | 2,128        |   |   |   | 677 |   |
|                    |   | $                 | -      |   |    | $      | -      |    |   | $      | 2,960        |   |   | $ | 677 |   |

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|                               |   | March 31, 2011 |      |   | December 31, 2010 |   |
|------------------------------------|--------|----------------|-----------|--------|-------------------|--------|
|                               |   | Carrying       |      |   | Fair              |   |   | Carrying |   |   | Fair |   |
|                               |   | Amount         |      |   | Value             |   |   | Amount |   |   | Value |   |
|                               |   | (In thousands) |      |
| Financial assets:                  |   |           |      |   |              |   |   |   |   |   |   |   |
| Cash and cash equivalents          |   | $              | 30,292    |   |              | $      | 30,292 |   |   | $ | 30,282 |   |   | $ | 30,282 |   |
| Securities available for sale      |   |           | 641,332   |   |              |   | 641,332 |   |   |   | 723,610 |   |   |   | 723,610 |   |
| Securities held to maturity        |   |           | 148,267   |   |              |   | 145,109 |   |   |   | 152,731 |   |   |   | 150,427 |   |
| Restricted stock                   |   |           | 18,172    |   |              |   | 18,172 |   |   |   | 18,172 |   |   |   | 18,172 |   |
| Loans and loans held for sale, net |   |           | 1,772,553 |   |              |   | 1,773,733 |   |   |   | 1,767,722 |   |   |   | 1,764,429 |   |
| Accrued interest receivable        |   |           | 10,453    |   |              |   | 10,453 |   |   |   | 9,845 |   |   |   | 9,845 |   |
|                               |   |           |      |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Financial liabilities:             |   |           |      |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Deposits:                          |   |           |      |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Demand deposits                    |   |           | 258,426   |   |              |   | 258,426 |   |   |   | 246,973 |   |   |   | 246,973 |   |
| Savings and NOW accounts           |   |           | 445,084   |   |              |   | 445,084 |   |   |   | 449,036 |   |   |   | 449,036 |   |
| Money market accounts              |   |           | 860,203   |   |              |   | 860,203 |   |   |   | 837,647 |   |   |   | 837,647 |   |
| Term certificates                  |   |           | 551,524   |   |              |   | 558,375 |   |   |   | 566,370 |   |   |   | 571,849 |   |
| Short-term borrowings              |   |           | 131,440   |   |              |   | 131,440 |   |   |   | 214,330 |   |   |   | 214,330 |   |
| Long-term debt                     |   |           | 187,946   |   |              |   | 189,113 |   |   |   | 196,778 |   |   |   | 200,628 |   |
| Subordinated debt                  |   |           | 19,655    |   |              |   | 18,688 |   |   |   | 29,965 |   |   |   | 29,228 |   |
| Accrued interest payable           |   |           | 1,470     |   |              |   | 1,470 |   |   |   | 1,235 |   |   |   | 1,235 |   |
|                               |   |           |      |   |              |   |   |   |   |   |   |   |   |   |   |   |
| On-balance sheet derivative        |   |           |      |   |              |   |   |   |   |   |   |   |   |   |   |   |
| financial instruments:             |   |           |      |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Interest rate products:            |   |           |      |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Assets                             |   |           | 606       |   |              |   | 606 |   |   |   | 741 |   |   |   | 741 |   |
| Liabilities                        |   |           | 610       |   |              |   | 610 |   |   |   | 747 |   |   |   | 747 |   |

| 6. | Goodwill and Intangible Assets |
|----|--------------------------------|

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|                                           |   |           |   |   |         |   |   |     |   | Weighted     |
|------------------------------------------------|--------|----------------|--------|--------|--------------|--------|--------|----------|--------|--------------|
|                                           |   |           |   |   |         |   |   | Net      |   | Average      |
|                                           |   | Gross Carrying |   |   | Accumulated  |   |   | Carrying |   | Amortization |
|                                           |   | Amount         |   |   | Amortization |   |   | Amount   |   | Period       |
|                                           |   | (In thousands) |   |   |
| March 31, 2011:                                |   |           |   |   |         |   |   |     |   |         |
| Revere acquisition, September 26, 2001         |   | $              | 1,603  |   |         | $      | (1,514 | )        |   | $            | 89 |   | 10 years |
| Beverly National acquisition, October 30, 2009 |   |           | 11,561 |   |         |   | (2,891 | )        |   |         | 8,670 |   | 10 years |
|                                           |   | $              | 13,164 |   |         | $      | (4,405 | )        |   | $            | 8,759 |   |   |
|                                           |   |           |   |   |         |   |   |     |   |         |   |   |   |
| December 31, 2010:                             |   |           |   |   |         |   |   |     |   |         |   |   |   |
| Revere acquisition, September 26, 2001         |   | $              | 1,603  |   |         | $      | (1,485 | )        |   | $            | 118 |   | 10 years |
| Beverly National acquisition, October 30, 2009 |   |           | 11,561 |   |         |   | (2,417 | )        |   |         | 9,144 |   | 10 years |
|                                           |   | $              | 13,164 |   |         | $      | (3,902 | )        |   | $            | 9,262 |   |   |

|   |                                      |   | Three          |   |
|--------|-------------------------------------------|--------|----------------|--------|
|   |                                      |   | Months Ended   |   |
|   | Aggregate Amortization Expense:           |   | March 31, 2011 |   |
|   |                                      |   | (In thousands) |   |
|   | Amortization expense                      |   | $              | 503    |   |
|   |                                      |   |           |   |   |
|   | Remaining Estimated Amortization          |   |           |   |   |
|   | Expense for the Years Ending December 31, |   | Amount         |   |
|   |                                      |   | (In thousands) |   |
|   | 2011                                      |   | $              | 1,473  |   |
|   | 2012                                      |   |           | 1,647  |   |
|   | 2013                                      |   |           | 1,436  |   |
|   | 2014                                      |   |           | 1,226  |   |
|   | 2015                                      |   |           | 1,016  |   |
|   | Thereafter                                |   |           | 1,961  |   |
|   |                                      |   | $              | 8,759  |   |

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| 7. | Securities Sold Under Agreements to Repurchase |
|----|------------------------------------------------|

| 8. | Post Retirement Benefits |
|----|--------------------------|

|                           |   | Three Months    |   |
|--------------------------------|--------|-----------------|--------|
|                           |   | Ended March 31, |   |
|                           |   | 2011            |   |   | 2010 |   |
|                           |   | (In thousands)  |   |
| Interest cost                  |   | $               | 123    |   |   | $ | 124 |   |
| Expected return on plan assets |   |            | (135   | ) |   |   | (128 | ) |
| Net pension benefit            |   | $               | (12    | ) |   | $ | (4 | ) |

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|                           |   | Three Months    |   |
|--------------------------------|--------|-----------------|--------|
|                           |   | Ended March 31, |   |
|                           |   | 2011            |   |   | 2010 |   |
|                           |   | (In thousands)  |   |
| Interest cost                  |   | $               | 13     |   |   | $ | 15 |   |
| Expected return on plan assets |   |            | -      |   |   |   | - |   |
| Net pension expense            |   | $               | 13     |   |   | $ | 15 |   |

| 9. | Earnings Per Share |
|----|--------------------|

|                                                |   | Three Months Ended |       |
|-----------------------------------------------------|--------|--------------------|------------|
|                                                |   | March 31,          |       |
|                                                |   | 2011               |       |   | 2010 |   |
|                                                |   |               |       |
| Average number of common shares issued              |   |               | 22,316,125 |   |   |   | 22,316,125 |   |
| Less:  Average treasury shares            |   |               | (1,613,448 | ) |   |   | (614,193 | ) |
| Less:  Average unallocated ESOP shares    |   |               | (1,207,144 | ) |   |   | (1,278,514 | ) |
| Average number of common shares outstanding used to |   |               |       |   |   |   |   |   |
| calculate basic earnings per common share           |   |               | 19,495,533 |   |   |   | 20,423,418 |   |
| Effect of dilutive unvested stock awards            |   |               | 347,924    |   |   |   | - |   |
| Average number of common shares outstanding used to |   |               |       |   |   |   |   |   |
| calculate diluted earnings per common share         |   |               | 19,843,457 |   |   |   | 20,423,418 |   |

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| 10. | Dividend Declared |
|-----|-------------------|

Item

|   | · | statements of our goals, intentions and expectations; |
|--------|--------|-------------------------------------------------------|

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|   | · | statements regarding our business plans and prospects and growth and operating strategies; |
|--------|--------|--------------------------------------------------------------------------------------------|

|   | · | statements regarding the asset quality of our loan and investment portfolios; and |
|--------|--------|-----------------------------------------------------------------------------------|

|   | · | estimates of our risks and future costs and benefits. |
|--------|--------|-------------------------------------------------------|

|   | · | significantly increased competition among depository and other financial institutions; |
|--------|--------|----------------------------------------------------------------------------------------|

|   | · | inflation and changes in the interest rate environment that reduce our margins or reduce the fair value of financial instruments; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------|

|   | · | general economic conditions, whether national or regional, and conditions in the real estate markets that could affect the demand for our loans and other products and ability of borrowers to repay loans, lead to further declines in credit quality and increased loan losses, and continue to negatively affect the value and salability of the real estate that is the collateral for many of our loans or that we own directly; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | changing business, banking, or regulatory conditions or policies, or new legislation affecting the financial services industry, such as the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, that could lead to changes in the competitive balance among financial institutions, restrictions on bank activities, changes in costs (including deposit insurance premiums), increased regulatory scrutiny, declines in consumer confidence in depository institutions or changes in the secondary market for bank loan and other products; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | our ability to enter new markets successfully and take advantage of growth opportunities; |
|--------|--------|-------------------------------------------------------------------------------------------|

|   | · | changes in consumer spending, borrowing and savings habits; |
|--------|--------|-------------------------------------------------------------|

|   | · | changes in accounting policies and practices, as may be adopted by the bank regulatory agencies and the FASB; and |
|--------|--------|-------------------------------------------------------------------------------------------------------------------|

|   | · | changes in our organization, compensation and benefit plans. |
|--------|--------|--------------------------------------------------------------|

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|                            |   | March 31, 2011         |      |   | December 31, 2010 |   |
|---------------------------------|--------|------------------------|-----------|--------|-------------------|--------|
|                            |   | Amount                 |      |   | Percent           |   |   | Amount |   |   | Percent |   |
|                            |   | (Dollars in thousands) |      |
|                            |   |                   |      |   |              |   |   |   |   |   |   |   |
| Demand deposits                 |   | $                      | 258,426   |   |              |   | 12.2 | % |   | $ | 246,973 |   |   |   | 11.7 | % |
| Savings and NOW accounts        |   |                   | 455,084   |   |              |   | 21.4 |   |   |   | 449,036 |   |   |   | 21.4 |   |
| Money market accounts           |   |                   | 860,203   |   |              |   | 40.5 |   |   |   | 837,647 |   |   |   | 39.9 |   |
| Total non-certificate accounts  |   |                   | 1,573,713 |   |              |   | 74.1 |   |   |   | 1,533,656 |   |   |   | 73.0 |   |
| Term certificates over $100,000 |   |                   | 336,895   |   |              |   | 15.8 |   |   |   | 344,165 |   |   |   | 16.4 |   |
| Other term certificates         |   |                   | 214,629   |   |              |   | 10.1 |   |   |   | 222,205 |   |   |   | 10.6 |   |
| Total certificate accounts      |   |                   | 551,524   |   |              |   | 25.9 |   |   |   | 566,370 |   |   |   | 27.0 |   |
| Total deposits                  |   | $                      | 2,125,237 |   |              |   | 100.0 | % |   | $ | 2,100,026 |   |   |   | 100.0 | % |

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|                        |   | March 31,      |    |   | December 31, |   |
|-----------------------------|--------|----------------|---------|--------|--------------|--------|
|                        |   | 2011           |    |   | 2010         |   |
|                        |   | (In thousands) |    |
| Short-term borrowings:      |   |           |    |   |         |   |
| Repurchase agreements       |   | $              | 33,440  |   |         | $      | 45,330 |   |
| FHLB advances               |   |           | 98,000  |   |         |   | 168,000 |   |
| Federal Reserve Bank        |   |           | -       |   |         |   | 1,000 |   |
| Total short-term borrowings |   |           | 131,440 |   |         |   | 214,330 |   |
|                        |   |           |    |   |         |   |   |   |
| Long-term debt:             |   |           |    |   |         |   |   |   |
| FHLB advances               |   |           | 187,946 |   |         |   | 196,778 |   |
| Total borrowed funds        |   | $              | 319,386 |   |         | $      | 411,108 |   |

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|                                                                                                                                      |   |                         |      |    |     |   |   |     |   |   |        |   |   |     |      |    |     |   |
|-------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------|-----------|---------|----------|--------|--------|----------|--------|--------|-------------|--------|--------|----------|-----------|---------|----------|--------|
|                                                                                                                                      |   | Three Months Ended March 31, |      |
|                                                                                                                                      |   | 2011                         |      |    | 2010     |   |
|                                                                                                                                      |   | Average                      |      |    | Interest |   |   | Average  |   |   | Average     |   |   | Interest |      |    | Average  |   |
|                                                                                                                                      |   | Outstanding                  |      |    | Earned/  |   |   | Yield/   |   |   | Outstanding |   |   | Earned/  |      |    | Yield/   |   |
|                                                                                                                                      |   | Balance                      |      |    | Paid     |   |   | Rate (1) |   |   | Balance     |   |   | Paid     |      |    | Rate (1) |   |
|                                                                                                                                      |   | (Dollars in thousands)       |      |
|  Interest-earning assets:                                                                                                            |   |                         |      |    |     |   |   |     |   |   |        |   |   |     |      |    |     |   |
|  Interest-earning cash equivalents and                                                                                               |   |                         |      |    |     |   |   |     |   |   |        |   |   |     |      |    |     |   |
| certificates of deposit                                                                                                                   |   | $                            | 7,055     |    |     | $      | 3      |     |   |   | 0.17        | %      |   | $        | 27,052    |    |     | $      | 47 |   |   |   | 0.69 | % |
|  Debt securities: (2)                                                                                                                |   |                         |      |    |     |   |   |     |   |   |        |   |   |     |      |    |     |   |   |   |   |   |   |   |
|  U.S. Government                                                                                                                     |   |                         | -         |    |     |   | -      |     |   |   | -           |   |   |     | 15,493    |    |     |   | 6 |   |   |   | 0.15 |   |
|  Gov't-sponsored enterprises                                                                                                         |   |                         | 480,766   |    |     |   | 3,506  |     |   |   | 2.92        |   |   |     | 218,927   |    |     |   | 1,943 |   |   |   | 3.55 |   |
|  Mortgage-backed                                                                                                                     |   |                         | 321,165   |    |     |   | 2,848  |     |   |   | 3.55        |   |   |     | 294,141   |    |     |   | 3,129 |   |   |   | 4.26 |   |
|  Municipal bonds                                                                                                                     |   |                         | 53,593    |    |     |   | 580    |     |   |   | 4.33        |   |   |     | 24,417    |    |     |   | 242 |   |   |   | 3.96 |   |
|  Other                                                                                                                               |   |                         | 1,062     |    |     |   | 3      |     |   |   | 1.13        |   |   |     | 10,310    |    |     |   | 303 |   |   |   | 11.76 |   |
|  Restricted stock                                                                                                                    |   |                         | 18,172    |    |     |   | 14     |     |   |   | 0.31        |   |   |     | 18,951    |    |     |   | - |   |   |   | - |   |
|  Real estate mortgages (3)                                                                                                           |   |                         | 918,151   |    |     |   | 12,548 |     |   |   | 5.47        |   |   |     | 967,439   |    |     |   | 13,650 |   |   |   | 5.64 |   |
|  C&I loans (3)                                                                                                                   |   |                         | 693,367   |    |     |   | 9,556  |     |   |   | 5.51        |   |   |     | 567,021   |    |     |   | 8,215 |   |   |   | 5.80 |   |
|  IRBs (3)                                                                                                                            |   |                         | 188,201   |    |     |   | 2,022  |     |   |   | 4.30        |   |   |     | 124,625   |    |     |   | 1,468 |   |   |   | 4.71 |   |
|  Consumer loans  (3)                                                                                                       |   |                         | 3,105     |    |     |   | 35     |     |   |   | 4.51        |   |   |     | 3,644     |    |     |   | 56 |   |   |   | 6.15 |   |
|  Total interest-earning assets                                                                                                       |   |                         | 2,684,637 |    |     |   | 31,115 |     |   |   | 4.64        |   |   |     | 2,272,020 |    |     |   | 29,059 |   |   |   | 5.12 |   |
|  Allowance for loan losses                                                                                                           |   |                         | (18,258   | )       |     |   |   |     |   |   |        |   |   |     | (15,083   | )       |     |   |   |   |   |   |   |   |
|  Total earning assets less allowance                                                                                                 |   |                         |      |    |     |   |   |     |   |   |        |   |   |     |      |    |     |   |   |   |   |   |   |   |
|   for loan losses                                                                                                               |   |                         | 2,666,379 |    |     |   |   |     |   |   |        |   |   |     | 2,256,937 |    |     |   |   |   |   |   |   |   |
|  Non-interest-earning assets                                                                                                         |   |                         | 183,187   |    |     |   |   |     |   |   |        |   |   |     | 206,360   |    |     |   |   |   |   |   |   |   |
|  Total assets                                                                                                                        |   | $                            | 2,849,566 |    |     |   |   |     |   |   |        |   |   | $        | 2,463,297 |    |     |   |   |   |   |   |   |   |
|                                                                                                                                      |   |                         |      |    |     |   |   |     |   |   |        |   |   |     |      |    |     |   |   |   |   |   |   |   |
|  Interest-bearing liabilities:                                                                                                       |   |                         |      |    |     |   |   |     |   |   |        |   |   |     |      |    |     |   |   |   |   |   |   |   |
|  Deposits:                                                                                                                           |   |                         |      |    |     |   |   |     |   |   |        |   |   |     |      |    |     |   |   |   |   |   |   |   |
|  Savings and NOW accounts                                                                                                            |   | $                            | 454,208   |    |     |   | 1,235  |     |   |   | 1.09        |   |   | $        | 396,621   |    |     |   | 1,053 |   |   |   | 1.06 |   |
|  Money market accounts                                                                                                               |   |                         | 842,058   |    |     |   | 2,105  |     |   |   | 1.00        |   |   |     | 653,047   |    |     |   | 2,255 |   |   |   | 1.38 |   |
|  Term certificates                                                                                                                   |   |                         | 561,103   |    |     |   | 2,476  |     |   |   | 1.77        |   |   |     | 558,538   |    |     |   | 2,597 |   |   |   | 1.86 |   |
|  Total deposits                                                                                                                      |   |                         | 1,857,369 |    |     |   | 5,816  |     |   |   | 1.25        |   |   |     | 1,608,206 |    |     |   | 5,905 |   |   |   | 1.47 |   |
|  Borrowed funds:                                                                                                                     |   |                         |      |    |     |   |   |     |   |   |        |   |   |     |      |    |     |   |   |   |   |   |   |   |
|  Short-term borrowings                                                                                                               |   |                         | 213,672   |    |     |   | 171    |     |   |   | 0.32        |   |   |     | 86,494    |    |     |   | 96 |   |   |   | 0.44 |   |
|  Long-term debt                                                                                                                      |   |                         | 193,914   |    |     |   | 1,654  |     |   |   | 3.41        |   |   |     | 216,992   |    |     |   | 1,835 |   |   |   | 3.38 |   |
|  Subordinated debt                                                                                                                   |   |                         | 24,008    |    |     |   | 430    |     |   |   | 7.16        |   |   |     | 29,965    |    |     |   | 442 |   |   |   | 5.90 |   |
|  Total interest-bearing liabilities                                                                                                  |   |                         | 2,288,963 |    |     |   | 8,071  |     |   |   | 1.41        |   |   |     | 1,941,657 |    |     |   | 8,278 |   |   |   | 1.71 |   |
|  Non-interest-bearing deposits                                                                                                       |   |                         | 252,534   |    |     |   |   |     |   |   |        |   |   |     | 213,156   |    |     |   |   |   |   |   |   |   |
| Other non-interest-bearing liabilities                                                                                                    |   |                         | 21,992    |    |     |   |   |     |   |   |        |   |   |     | 20,612    |    |     |   |   |   |   |   |   |   |
| Total non-interest-bearing liabilities                                                                                                    |   |                         | 274,526   |    |     |   |   |     |   |   |        |   |   |     | 233,768   |    |     |   |   |   |   |   |   |   |
|  Total liabilities                                                                                                                   |   |                         | 2,563,489 |    |     |   |   |     |   |   |        |   |   |     | 2,175,425 |    |     |   |   |   |   |   |   |   |
|  Stockholders' equity                                                                                                                |   |                         | 286,077   |    |     |   |   |     |   |   |        |   |   |     | 287,872   |    |     |   |   |   |   |   |   |   |
| Total liabilities and stockholders' equity                                                                                                |   | $                            | 2,849,566 |    |     |   |   |     |   |   |        |   |   | $        | 2,463,297 |    |     |   |   |   |   |   |   |   |
|                                                                                                                                      |   |                         |      |    |     |   |   |     |   |   |        |   |   |     |      |    |     |   |   |   |   |   |   |   |
|  Net interest income                                                                                                                 |   |                         |      |    |     | $      | 23,044 |     |   |   |        |   |   |     |      |    |     | $      | 20,781 |   |   |   |   |   |
|  Net interest rate spread (4)                                                                                                        |   |                         |      |    |     |   |   |     |   |   | 3.23        | %      |   |     |      |    |     |   |   |   |   |   | 3.41 | % |
|  Net interest-earning assets (5)                                                                                                     |   | $                            | 395,674   |    |     |   |   |     |   |   |        |   |   | $        | 330,363   |    |     |   |   |   |   |   |   |   |
|  Net interest margin (6)                                                                                                             |   |                         |      |    |     |   |   |     |   |   | 3.43        | %      |   |     |      |    |     |   |   |   |   |   | 3.66 | % |
|  Ratio of interest-earning assets                                                                                                    |   |                         |      |    |     |   |   |     |   |   |        |   |   |     |      |    |     |   |   |   |   |   |   |   |
| to total interest-bearing liabilities                                                                                                     |   |                         | 1.17      |  x |     |   |   |     |   |   |        |   |   |     | 1.17      |  x |     |   |   |   |   |   |   |   |
|                                                                                                                                      |   |                         |      |    |     |   |   |     |   |   |        |   |   |     |      |    |     |   |   |   |   |   |   |   |
|                                                                                                                                      |   |                         |      |    |     |   |   |     |   |   |        |   |   |     |      |    |     |   |   |   |   |   |   |   |
| (1) Yields are annualized.                                                                                                           |   |
| (2) Average balances are presented at average amortized cost.                                                                        |   |
| (3) Average loans include non-accrual loans and are net of average deferred loan fees/costs.                                         |   |
| (4) Net interest rate spread represents the difference between the yield on interest-earning assets and the cost of interest-bearing |   |
| liabilities.                                                                                                                              |   |
| (5) Net interest-earning assets represent total interest-earning assets less total interest-bearing liabilities.                     |   |
| (6) Net interest margin represents net interest income divided by average total interest-earning assets.                             |   |

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|                                                                                        |   | Three Months Ended March 31, |   |
|---------------------------------------------------------------------------------------------|--------|------------------------------|--------|
|                                                                                        |   | 2011 vs. 2010                |   |
|                                                                                        |   | Increase (Decrease)          |   |   | Total |   |
|                                                                                        |   | Due to                       |   |   | Increase |   |
|                                                                                        |   | Volume                       |   |   | Rate |   |   | (Decrease) |   |
|                                                                                        |   | (In thousands)               |   |
| Interest-earning assets:                                                                    |   |                         |   |   |   |   |   |   |   |
| Interest-earning cash equivalents and certificates of deposit                               |   | $                            | (35    | ) |   | $ | (9 | ) |   | $ | (44 | ) |
| Debt securities (1):                                                                        |   |                         |   |   |   |   |   |   |   |   |   |   |
| U.S. Government                                                                             |   |                         | (6     | ) |   |   | - |   |   |   | (6 | ) |
| Gov't-sponsored enterprises and FHLMC                                                       |   |                         | 2,324  |   |   |   | (761 | ) |   |   | 1,563 |   |
| Mortgage-backed                                                                             |   |                         | 287    |   |   |   | (568 | ) |   |   | (281 | ) |
| Municipal bonds                                                                             |   |                         | 289    |   |   |   | 49 |   |   |   | 338 |   |
| Other                                                                                       |   |                         | (272   | ) |   |   | (28 | ) |   |   | (300 | ) |
| Equity securities                                                                           |   |                         | -      |   |   |   | 14 |   |   |   | 14 |   |
| Real estate mortgages (2)                                                                   |   |                         | (695   | ) |   |   | (407 | ) |   |   | (1,102 | ) |
| C&I loans (2)                                                                           |   |                         | 1,831  |   |   |   | (490 | ) |   |   | 1,341 |   |
| IRBs (2)                                                                                    |   |                         | 749    |   |   |   | (195 | ) |   |   | 554 |   |
| Consumer loans (2)                                                                          |   |                         | (8     | ) |   |   | (13 | ) |   |   | (21 | ) |
| Total interest-earning assets                                                               |   |                         | 4,464  |   |   |   | (2,408 | ) |   |   | 2,056 |   |
|                                                                                        |   |                         |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing liabilities:                                                               |   |                         |   |   |   |   |   |   |   |   |   |   |
| Deposits:                                                                                   |   |                         |   |   |   |   |   |   |   |   |   |   |
| Savings and NOW accounts                                                                    |   |                         | 153    |   |   |   | 29 |   |   |   | 182 |   |
| Money market accounts                                                                       |   |                         | 653    |   |   |   | (803 | ) |   |   | (150 | ) |
| Term certificates                                                                           |   |                         | 12     |   |   |   | (133 | ) |   |   | (121 | ) |
| Total deposits                                                                              |   |                         | 818    |   |   |   | (907 | ) |   |   | (89 | ) |
| Borrowed funds:                                                                             |   |                         |   |   |   |   |   |   |   |   |   |   |
| Short-term borrowings                                                                       |   |                         | 141    |   |   |   | (66 | ) |   |   | 75 |   |
| Long-term debt                                                                              |   |                         | (195   | ) |   |   | 14 |   |   |   | (181 | ) |
| Subordinated debt                                                                           |   |                         | (88    | ) |   |   | 76 |   |   |   | (12 | ) |
| Total interest-bearing liabilities                                                          |   |                         | 676    |   |   |   | (883 | ) |   |   | (207 | ) |
|                                                                                        |   |                         |   |   |   |   |   |   |   |   |   |   |
| Increase in net interest income                                                             |   | $                            | 3,788  |   |   | $ | (1,525 | ) |   | $ | 2,263 |   |
|                                                                                        |   |                         |   |   |   |   |   |   |   |   |   |   |
|                                                                                        |   |                         |   |   |   |   |   |   |   |   |   |   |
| (1)Average balances are presented at average amortized cost.                                |   |
| (2)Average loans include non-accrual loans and are net of average deferred loan fees/costs. |   |

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|                            |   | March 31, 2011 |    |
|---------------------------------|--------|----------------|---------|
|                            |   |           |    |   | More than |   |   | More than |   |   |   |   |   |   |   |
|                            |   |           |    |   | One Year |   |   | Three Years |   |   |   |   |   |   |   |
|                            |   | One Year       |    |   | Through |   |   | Through |   |   | Over |   |   |   |   |
|                            |   | or Less        |    |   | Three Years |   |   | Five Years |   |   | Five Years |   |   | Total |   |
|                            |   | (In thousands) |    |
| Federal Home Loan Bank advances |   | $              | 134,515 |   |   | $ | 28,159 |   |   | $ | 54,835 |   |   | $ | 68,437 |   |   | $ | 285,946 |   |
| Repurchase agreements (1)       |   |           | 33,440  |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 33,440 |   |
| Subordinated debt               |   |           | -       |   |   |   | - |   |   |   | - |   |   |   | 19,655 |   |   |   | 19,655 |   |
| Operating leases                |   |           | 3,557   |   |   |   | 6,480 |   |   |   | 5,701 |   |   |   | 16,389 |   |   |   | 32,127 |   |
| Total contractual obligations   |   | $              | 171,512 |   |   | $ | 34,639 |   |   | $ | 60,536 |   |   | $ | 104,481 |   |   | $ | 371,168 |   |

| (1) | All repurchase agreements mature on a daily basis and are secured by obligations of government-sponsored enterprises. |
|-----|-----------------------------------------------------------------------------------------------------------------------|

|                                       |   | March 31, 2011 |    |
|--------------------------------------------|--------|----------------|---------|
|                                       |   |           |    |   | More than |   |   | More than |   |   |   |   |   |   |   |
|                                       |   |           |    |   | One Year |   |   | Three Years |   |   |   |   |   |   |   |
|                                       |   | One Year       |    |   | Through |   |   | Through |   |   | Over |   |   |   |   |
|                                       |   | or Less        |    |   | Three Years |   |   | Five Years |   |   | Five Years |   |   | Total |   |
|                                       |   | (In thousands) |    |
| Commitments to grant loans                 |   | $              | 15,519  |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | 15,519 |   |
| Unfunded commitments under lines of credit |   |           | 405,722 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 405,722 |   |
| Unadvanced funds on construction loans     |   |           | 20,456  |   |   |   | 14,826 |   |   |   | - |   |   |   | - |   |   |   | 35,282 |   |
| Commercial and standby letters of credit   |   |           | 4,041   |   |   |   | 211 |   |   |   | 44 |   |   |   | 148 |   |   |   | 4,444 |   |
| Total contractual obligations              |   | $              | 445,738 |   |   | $ | 15,037 |   |   | $ | 44 |   |   | $ | 148 |   |   | $ | 460,967 |   |

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|              |                               |          | Net Portfolio Value(2) |    |                          | Net Interest Income |   |
|-------------------|------------------------------------|---------------|------------------------|---------|-------------------------------|---------------------|--------|
|              |                               |          |                   |    |                          |                |   |   |   |   |   |   |   |   |   |   |   |   |   |
|              |                               |          |                   |    |                          |                |   |   |   |   |   |   |   |   | Increase (Decrease) |   |
| Change in         |                               | Estimated     |                   |    |                          |                |   |   |   |   | Estimated |   |   | in Estimated |   |
| Interest Rates    |                               | Net Portfolio |                   |    | Estimated Increase (Decrease) |                |   | Net Interest |   |   | Net Interest Income |   |
| (basis points)(1) |                               | Value         |                   |    | Amount                        |                |   | Percent |   |   | Income |   |   | Amount |   |   | Percent |   |
|              |                               |          | (Dollars in thousands) |    |
|              |                               |          |                   |    |                          |                |   |   |   |   |   |   |   |   |   |   |   |   |   |
|              | +300bp                             |          | $                      | 129,019 |                          |                | $      | (131,596 | ) |   |   | -50.5 | % |   | $ | 76,258 |   |   | $ | (14,539 | ) |   |   | -16.0 | % |
|              | +200bp                             |          |                   | 177,774 |                          |                |   | (82,841 | ) |   |   | -31.8 | % |   |   | 82,835 |   |   |   | (7,962 | ) |   |   | -8.8 | % |
|              | +100bp                             |          |                   | 224,539 |                          |                |   | (36,076 | ) |   |   | -13.8 | % |   |   | 86,423 |   |   |   | (4,374 | ) |   |   | -4.8 | % |
|              |       0bp |          |                   | 260,615 |                          |                |   | - |   |   |   | 0.0 | % |   |   | 90,797 |   |   |   | - |   |   |   | 0.0 | % |
|              | -100bp                             |          |                   | 295,629 |                          |                |   | 35,014 |   |   |   | 13.4 | % |   |   | 90,851 |   |   |   | 54 |   |   |   | 0.1 | % |

| (1) | Assumes an instantaneous uniform change in interest rates at all maturities. |
|-----|------------------------------------------------------------------------------|

| (2) | Net portfolio value is the discounted present value of expected cash flows from interest-earning assets, interest-bearing liabilities and off-balance sheet contracts. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|          |   |      |   |   |       |   |   | Total Number of     |   |   | Maximum Number of |   |
|---------------|--------|-----------|--------|--------|------------|--------|--------|---------------------|--------|--------|-------------------|--------|
|          |   | Total     |   |   |       |   |   | Shares Purchased    |   |   | Shares That May   |   |
|          |   | Number    |   |   | Average    |   |   | as Part of Publicly |   |   | Yet be Purchased  |   |
|          |   | of Shares |   |   | Price Paid |   |   | Announced Plans     |   |   | Under the Plans   |   |
| Period        |   | Purchased |   |   | per Share  |   |   | or Programs         |   |   | or Programs       |   |
|          |   |      |   |   |       |   |   |                |   |   |              |   |
| January 1-31  |   |      | -      |   |       | $      | -      |                |   |   | -                 |   |   |   | 260,651 |   |
|          |   |      |   |   |       |   |   |                |   |   |              |   |   |   |   |   |
| February 1-28 |   |      | 37,151 |   |       | $      | 22.02  |                |   |   | 37,151            |   |   |   | 223,500 |   |
|          |   |      |   |   |       |   |   |                |   |   |              |   |   |   |   |   |
| March 1-31    |   |      | -      |   |       | $      | -      |                |   |   | -                 |   |   |   | 223,500 |   |
| Total         |   |      | 37,151 |   |       | $      | 22.02  |                |   |   | 37,151            |   |   |   |   |   |

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| Exhibit No.                              |   | Description                                                                         |
|------------------------------------------|--------|-------------------------------------------------------------------------------------|
|                                     |   |                                                                                |
| 31.1                                     |   | Section 302 Certification of President and Chief Executive Officer*                 |
| 31.2                                     |   | Section 302 Certification of Executive Vice President and Chief Operating Officer*  |
| 31.3                                     |   | Section 302 Certification of Executive Vice President and Chief Financial Officer*  |
| 32.1                                     |   | Section 906 Certification of President and Chief Executive Officer**                |
| 32.2                                     |   | Section 906 Certification of Executive Vice President and Chief Operating Officer** |
| 32.3                                     |   | Section 906 Certification of Executive Vice President and Chief Financial Officer** |
|                                     |   |                                                                                |
|                                     |   |                                                                                |
| *    Filed herewith. |
| ** Furnished herewith.                   |

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|   |         |   |   |   |   |   |                                  |
|--------|--------------|--------|--------|--------|--------|--------|---------------------------------------|
| Date:  | May 10, 2011 |   |   |   | By:    | /s/    | Kevin T. Bottomley                    |
|   |         |   |   |   |   |   | Kevin T. Bottomley                    |
|   |         |   |   |   |   |   | President and Chief Executive Officer |
|   |         |   |   |   |   |   |                                  |
|   |         |   |   |   |   |   |                                  |
| Date:  | May 10, 2011 |   |   |   | By:    | /s/    | James J. McCarthy                     |
|   |         |   |   |   |   |   | James J. McCarthy                     |
|   |         |   |   |   |   |   | Executive Vice President and Chief    |
|   |         |   |   |   |   |   | Operating Officer                     |
|   |         |   |   |   |   |   |                                  |
|   |         |   |   |   |   |   |                                  |
| Date:  | May 10, 2011 |   |   |   | By:    | /s/    | L. Mark Panella                       |
|   |         |   |   |   |   |   | L. Mark Panella                       |
|   |         |   |   |   |   |   | Executive Vice President and Chief    |
|   |         |   |   |   |   |   | Financial Officer                     |

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