Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. YES x NO ¨.

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of “accelerated filer” and “large accelerated filer” in Rule 12b-2 of the Exchange Act.

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YES ¨ NO x.

As of ~~May 7,~~November 6, 2007, there were ~~12,318,370~~12,346,465 shares of the Registrant’s Common Stock, par value $.01 per share, outstanding.

~~CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION~~Consolidated Statements of Financial Condition


	March 31, 2007			December 31, 2006			September 30, 2007			December 31, 2006
	(Unaudited)						(Unaudited)
ASSETS

Cash and due from banks	$	34,955		$	32,204		$	29,456		$	32,204
Investment securities available for sale		72,005			82,384			58,133			82,384
Federal Home Loan Bank of New York stock, at cost		25,319			25,346			22,040			25,346
Mortgage-backed securities available for sale		64,936			68,369			58,285			68,369
Loans receivable, net		1,705,425			1,701,425			1,678,937			1,701,425
Mortgage loans held for sale		60,972			82,943			3,244			82,943
Interest and dividends receivable		8,329			8,083			8,357			8,083
Real estate owned, net		709			288			433			288
Premises and equipment, net		17,899			18,196			17,372			18,196
Servicing asset		9,873			9,787			9,340			9,787
Bank Owned Life Insurance		37,450			37,145			38,087			37,145
Intangible Assets		74			1,114			23			1,114
Other assets		10,339			9,718			13,123			9,718

Total assets	$	2,048,285		$	2,077,002		$	1,936,830		$	2,077,002


LIABILITIES AND STOCKHOLDERS’ EQUITY

Deposits	$	1,352,931		$	1,372,328		$	1,310,941		$	1,372,328
Securities sold under agreements to repurchase with retail customers		61,784			50,982			69,742			50,982
Securities sold under agreements to repurchase with the Federal Home Loan Bank		19,000			34,000			13,000			34,000
Federal Home Loan Bank advances		443,200			430,500			371,500			430,500
Other borrowings		17,500			17,500			27,500			17,500
Advances by borrowers for taxes and insurance		9,007			7,743			8,247			7,743
Other liabilities		19,570			31,629			12,329			31,629

Total liabilities		1,922,992			1,944,682			1,813,259			1,944,682


Stockholders’ equity:
Preferred stock, $.01 par value, 5,000,000 shares authorized, no shares issued		—			—			—			—
Common stock, $.01 par value, 55,000,000 shares authorized, 27,177,372 shares issued and 12,318,370 and 12,262,307 shares outstanding at March 31, 2007 and December 31, 2006, respectively		272			272
Common stock, $.01 par value, 55,000,000 shares authorized, 27,177,372 shares issued and 12,341,915 and 12,262,307 shares outstanding at September 30, 2007 and December 31, 2006, respectively								272			272
Additional paid-in capital		202,438			201,936			203,237			201,936
Retained earnings		155,574			164,121			154,317			164,121
Accumulated other comprehensive loss		(503	)		(470	)		(2,704	)		(470	)
Less: Unallocated common stock held by Employee Stock Ownership Plan		(6,117	)		(6,369	)		(5,612	)		(6,369	)
Treasury stock, 14,859,002 and 14,915,065, shares at March 31, 2007 and December 31, 2006, respectively		(226,371	)		(227,170	)
Treasury stock, 14,835,457 and 14,915,065 shares at September 30, 2007 and December 31, 2006, respectively								(225,939	)		(227,170	)
Common stock acquired by Deferred Compensation Plan		1,414			1,457			1,406			1,457
Deferred Compensation Plan Liability		(1,414	)		(1,457	)		(1,406	)		(1,457	)

Total stockholders’ equity		125,293			132,320			123,571			132,320

Total liabilities and stockholders’ equity	$	2,048,285		$	2,077,002		$	1,936,830		$	2,077,002


	For the three months ended March 31,					For the three months ended September 30,					For the nine months ended September 30,
	2007			2006		2007		2006			2007			2006
	(Unaudited)					(Unaudited)					(Unaudited)
Interest income:
Loans	$	27,344		$	25,019	$	25,945	$	27,825		$	79,528		$	79,051
Mortgage-backed securities		724			874		688		812			2,127			2,518
Investment securities and other		2,304			1,893		1,590		1,679			5,494			5,102

Total interest income		30,372			27,786		28,223		30,316			87,149			86,671

Interest expense:
Deposits		9,329			7,080		9,326		8,939			27,778			24,040
Borrowed funds		6,635			5,289		6,066		6,918			19,431			18,343

Total interest expense		15,964			12,369		15,392		15,857			47,209			42,383

Net interest income		14,408			15,417		12,831		14,459			39,940			44,288
Provision for loan losses		340			50		75		50			525			100

Net interest income after provision for loan losses		14,068			15,367		12,756		14,409			39,415			44,188

Other (loss) income:
Other income (loss):
Loan servicing income		122			126		126		136			356			408
Fees and service charges		2,798			2,347		2,942		2,677			8,724			7,854
Net (loss) gain and lower of cost or market adjustment on sales of loans and securities available for sale		(9,583	)		1,680
Net (loss) income from other real estate operations		(19	)		—
Net gain (loss) and lower of cost or market adjustment on sales of loans and securities available for sale							1,156		3,515			(11,676	)		8,474
Net income (loss) from other real estate operations							8		(60	)		27			(60	)
Income from Bank Owned Life Insurance		305			268		324		291			942			840
Other		5			6		6		44			41			55

Total other (loss) income		(6,372	)		4,427
Total other income (loss)							4,562		6,603			(1,586	)		17,571

Operating expenses:
Compensation and employee benefits		7,859			7,378		6,755		7,497			22,227			22,752
Occupancy		1,206			1,184		1,569		1,244			4,028			3,564
Equipment		553			626		543		767			1,631			1,975
Marketing		316			307		359		531			1,046			1,230
Federal deposit insurance		136			134		168		133			444			400
Data processing		907			906		859		859			2,625			2,569
General and administrative		3,099			2,641		2,357		2,483			8,430			7,735
Goodwill impairment		1,014			—		—		—			1,014			—

Total operating expenses		15,090			13,176		12,610		13,514			41,445			40,225

(Loss) income before (benefit) provision for income taxes		(7,394	)		6,618
(Benefit) provision for income taxes		(1,972	)		2,304
Income (loss) before provision (benefit) for income taxes							4,708		7,498			(3,616	)		21,534
Provision (benefit) for income taxes							1,582		2,592			(1,597	)		7,461

Net (loss) income	$	(5,422	)	$	4,314
Net income (loss)						$	3,126	$	4,906		$	(2,019	)	$	14,073

Basic (loss) earnings per share	$	(0.47	)	$	0.37

Diluted (loss) earnings per share	$	(0.47	)	$	0.36
Basic earnings (loss) per share						$	0.27	$	0.43		$	(0.18	)	$	1.22

Diluted earnings (loss) per share						$	0.27	$	0.42		$	(0.18	)	$	1.18


Average basic shares outstanding		11,486			11,721		11,561		11,465			11,522			11,567

Average diluted shares outstanding		11,486			12,107		11,643		11,689			11,522			11,880


	Common Stock		Additional Paid-In Capital			Retained Earnings			Accumulated Other Comprehensive Loss			Employee Stock Ownership Plan			Treasury Stock			Common Stock Acquired by Deferred Compensation Plan			Deferred Compensation Plan Liability			Total			Common Stock		Additional Paid-In Capital			Retained Earnings			Accumulated Other Comprehensive Loss			Employee Stock Ownership Plan			Treasury Stock			Common Stock Acquired by Deferred Compensation Plan			Deferred Compensation Plan Liability			Total
Balance at December 31, 2005	$	272	$	197,621		$	164,613		$	(1,223	)	$	(7,472	)	$	(215,027	)	$	1,383		$	(1,383	)	$	138,784		$	272	$	197,621		$	164,613		$	(1,223	)	$	(7,472	)	$	(215,027	)	$	1,383		$	(1,383	)	$	138,784

Comprehensive income:
Net income		—		—			4,314			—			—			—			—			—			4,314			—		—			14,073			—			—			—			—			—			14,073
Other comprehensive income:
Unrealized loss on securities (net of tax benefit $174)		—		—			—			(253	)		—			—			—			—			(253	)
Unrealized gain on securities (net of tax expense $244)																												—		—			—			354			—			—			—			—			354

Total comprehensive income																									4,061																										14,427

Stock award		—		29			—			—			—			—			—			—			29			—		278			—			—			—			—			—			—			278
Tax benefit of stock plans		—		293			—			—			—			—			—			—			293			—		2,035			—			—			—			—			—			—			2,035
Purchase 276,298 shares of common stock		—		—			—			—			—			(6,515	)		—			—			(6,515	)
Purchase 669,604 shares of common stock																												—		—			—			—			—			(15,288	)		—			—			(15,288	)
Allocation of ESOP stock		—		—			—			—			276			—			—			—			276			—		—			—			—			827			—			—			—			827
ESOP adjustment		—		496			—			—			—			—			—			—			496			—		1,385			—			—			—			—			—			—			1,385
Cash dividend - $.20 per share		—		—			(2,338	)		—			—			—			—			—			(2,338	)
Cash dividend—$.60 per share																												—		—			(6,897	)		—			—			—			—			—			(6,897	)
Exercise of stock options		—		—			(450	)		—			—			1,200			—			—			750			—		—			(3,720	)		—			—			5,179			—			—			1,459
Purchase of stock for the deferred compensation plan		—		—			—			—			—			—			112			(112	)		—			—		—			—			—			—			—			134			(134	)		—

Balance at March 31, 2006	$	272	$	198,439		$	166,139		$	(1,476	)	$	(7,196	)	$	(220,342	)	$	1,495		$	(1,495	)	$	135,836
Balance at September 30, 2006																											$	272	$	201,319		$	168,069		$	(869	)	$	(6,645	)	$	(225,136	)	$	1,517		$	(1,517	)	$	137,010


Balance at December 31, 2006	$	272	$	201,936		$	164,121		$	(470	)	$	(6,369	)	$	(227,170	)	$	1,457		$	(1,457	)	$	132,320		$	272	$	201,936		$	164,121		$	(470	)	$	(6,369	)	$	(227,170	)	$	1,457		$	(1,457	)	$	132,320

Comprehensive loss:
Net loss		—		—			(5,422	)		—			—			—			—			—			(5,422	)		—		—			(2,019	)		—			—			—			—			—			(2,019	)
Other comprehensive loss:
Unrealized loss on securities (net of tax benefit $23)		—		—			—			(33	)		—			—			—			—			(33	)
Unrealized loss on securities (net of tax benefit $1,543)																												—		—			—			(2,234	)		—			—			—			—			(2,234	)

Total comprehensive loss																									(5,455	)																									(4,253	)

Stock awards		—		96			—			—			—			—			—			—			96			—		354			—			—			—			—			—			—			354
Treasury stock allocated to restricted stock plan		—		(295	)		(3	)		—			—			298			—			—			—			—		(295	)		(3	)		—			—			298			—			—			—
Tax benefit of stock plans		—		320			—			—			—			—			—			—			320			—		337			—			—			—			—			—			—			337
Purchase 49,701 shares of common stock		—		—			—			—			—			(1,112	)		—			—			(1,112	)		—		—			—			—			—			(1,112	)		—			—			(1,112	)
Allocation of ESOP stock		—		—			—			—			252			—			—			—			252			—		—			—			—			757			—			—			—			757
ESOP adjustment		—		381			—			—			—			—			—			—			381			—		905			—			—			—			—			—			—			905
Cash dividend—$.20 per share		—		—			(2,259	)		—			—			—			—			—			(2,259	)
Cash dividend—$.60 per share																												—		—			(6,784	)		—			—			—			—			—			(6,784	)
Exercise of stock options		—		—			(863	)		—			—			1,613			—			—			750			—		—			(998	)		—			—			2,045			—			—			1,047
Sale of stock for the deferred compensation plan		—		—			—			—			—			—			(43	)		43			—			—		—			—			—			—			—			(51	)		51			—

Balance at March 31, 2007	$	272	$	202,438		$	155,574		$	(503	)	$	(6,117	)	$	(226,371	)	$	1,414		$	(1,414	)	$	125,293
Balance at September 30, 2007																											$	272	$	203,237		$	154,317		$	(2,704	)	$	(5,612	)	$	(225,939	)	$	1,406		$	(1,406	)	$	123,571


	For the three months ended March 31,						For the nine months ended September 30,
	2007			2006			2007			2006
	(Unaudited)						(Unaudited)
Cash flows from operating activities:
Net (loss) income	$	(5,422	)	$	4,314		$	(2,019	)	$	14,073

Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Depreciation and amortization of premises and equipment		533			510			1,486			1,531
Amortization of ESOP		252			276			757			827
ESOP adjustment		381			496			905			1,385
Stock award		96			29			354			278
Amortization of servicing asset		562			516			1,648			1,509
Amortization and impairment of intangible assets		1,040			26			1,091			77
Net premium amortization in excess of discount accretion on securities		42			78			81			194
Net amortization of deferred costs and discounts on loans		215			98			729			506
Provision for loan losses		340			50			525			100
Lower of cost or market write-down on loans held for sale		7,078			—			9,400			—
Provision for repurchased loans		3,960			—			3,760			—
Net loss on write-off of fixed assets								21			—
Net loss on sale of real estate owned								(11	)		99
Net gain on sales of loans and securities		(1,455	)		(1,680	)		(1,484	)		(8,474	)
Loans repurchased								(1,012	)		—
Proceeds from sales of mortgage loans held for sale		162,701			97,710			352,373			514,441
Mortgage loans originated for sale		(139,924	)		(95,388	)		(281,342	)		(537,480	)
Increase in value of Bank Owned Life Insurance		(305	)		(268	)		(942	)		(840	)
Increase in interest and dividends receivable		(246	)		(285	)		(274	)		(1,277	)
Increase in other assets		(598	)		(614	)		(1,862	)		(627	)
(Decrease) increase in other liabilities		(12,242	)		1,008			(12,453	)		11,761

Total adjustments		22,430			2,562			73,750			(15,990	)

Net cash provided by operating activities		17,008			6,876
Net cash provided by (used in) operating activities								71,731			(1,917	)


Cash flows from investing activities:
Net increase in loans receivable		(1,856	)		(34,129	)
Net decrease (increase) in loans receivable								15,880			(60,892	)
Loans repurchased		(13,934	)		—			(14,128	)		—
Proceeds from sales of loans repurchased								8,666			—
Proceeds from maturities or calls of investment securities available for sale		10,780			200			20,780			2,584
Purchase of investment securities available for sale		(681	)		(748	)		(681	)		(748	)
Proceeds from sale of investment securities available for sale		—			437			—			437
Proceeds from sale of mortgage-backed securities available for sale		—			6,242			—			6,241
Purchase of mortgage-backed securities available for sale		—			(6,439	)		—			(6,439	)
Principal payments on mortgage-backed securities available for sale		3,616			4,385			10,378			13,480
Decrease (increase) in Federal Home Loan Bank of New York stock		27			(487	)		3,306			(2,842	)
Real estate owned acquired		(41	)		—
Net proceeds (disbursements) from sales and acquisition of real estate owned								638			(39	)
Purchases of premises and equipment		(236	)		(737	)		(683	)		(3,135	)

Net cash used in investing activities		(2,325	)		(31,276	)
Net cash provided by (used in) investing activities								44,156			(51,353	)


	For the three months ended March 31,						For the nine months ended September 30,
	2007			2006			2007			2006
	(Unaudited)						(Unaudited)
Cash flows from financing activities:
(Decrease) increase in deposits	$	(19,397	)	$	16,360		$	(61,387	)	$	15,170
Increase in short-term borrowings		15,502			10,783
Repayments from securities sold under agreements to repurchase with the Federal Home Loan Bank		(15,000	)		—
Increase (decrease) in short-term borrowings								3,760			(3,939	)
Repayments of securities sold under agreements to repurchase with the Federal Home Loan Bank								—			(10,000	)
Proceeds from Federal Home Loan Bank advances		30,000			25,000			20,000			190,000
Repayments of Federal Home Loan Bank advances		(22,000	)		(29,000	)		(85,000	)		(127,000	)
Proceeds from other borrowings		—			800			10,000			12,500
Increase in advances by borrowers for taxes and insurance		1,264			1,169			504			1,089
Exercise of stock options		750			750			1,047			1,459
Dividends paid		(2,259	)		(2,338	)		(6,784	)		(6,897	)
Purchase of treasury stock		(1,112	)		(6,515	)		(1,112	)		(15,288	)
Tax benefit of stock plans		320			293			337			2,035

Net cash (used in) provided by financing activities		(11,932	)		17,302			(118,635	)		59,129

Net increase (decrease) in cash and due from banks		2,751			(7,098	)
Net (decrease) increase in cash and due from banks								(2,748	)		5,859

Cash and due from banks at beginning of period		32,204			31,108			32,204			31,108

Cash and due from banks at end of period	$	34,955		$	24,010		$	29,456		$	36,967


Supplemental Disclosure of Cash Flow
Information:
Cash paid during the period for:
Interest	$	16,253		$	12,606		$	47,590		$	41,689
Income taxes		79			62			227			3,947
Non cash activities:
Transfer of loans receivable to real estate owned		380			—			772			70
Transfer of securities sold under agreements to repurchase to advances								21,000			15,000

~~NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS~~Notes To Unaudited Consolidated Financial Statements

The accompanying unaudited consolidated financial statements include the accounts of OceanFirst Financial Corp. (the “Company”) and its wholly-owned subsidiary, OceanFirst Bank (the “Bank”) and its wholly-owned subsidiaries, Columbia Home Loans, LLC, OceanFirst REIT Holdings, ~~LLC.~~LLC, and OceanFirst Services, LLC. At September 30, 2007 most of the operations of Columbia Home Loans, LLC were discontinued.

The interim consolidated financial statements reflect all normal and recurring adjustments which are, in the opinion of management, considered necessary for a fair presentation of the financial condition and results of operations for the periods presented. The results of operations for the three and nine months ended ~~March 31,~~September 30, 2007 are not necessarily indicative of the results of operations that may be expected for all of 2007.

Certain information and note disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”).

These unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report to Stockholders on Form 10-K for the year ended December 31, 2006.

Certain amounts previously reported have been reclassified to conform to the current period’s classification.

The following reconciles shares outstanding for basic and diluted earnings per share for the three and nine months ended ~~March 31,~~September 30, 2007 and 2006 (in thousands):


	Three months ended March 31,				Three months ended September 30,				Nine months ended September 30,
	2007		2006		2007		2006		2007		2006
Weighted average shares issued net of Treasury shares	12,304		12,669		12,329		12,345		12,317		12,481
Less: Unallocated ESOP shares	(740	)	(870	)	(681	)	(804	)	(710	)	(837	)
Unallocated incentive award shares and shares held by deferred compensation plan	(78	)	(78	)	(87	)	(76	)	(85	)	(77	)

Average basic shares outstanding	11,486		11,721		11,561		11,465		11,522		11,567
Add: Effect of dilutive securities:
Stock options	—		311		15		150		—		240
Incentive awards and shares held by deferred compensation plan	—		75		67		74		—		73

Average diluted shares outstanding	11,486		12,107		11,643		11,689		11,522		11,880

For the three months ended ~~March 31,~~September 30, 2007 and 2006, ~~1,005,000~~1,408,000 and ~~134,000,~~924,000, respectively, antidilutive stock options were excluded from earnings per share calculations. For the nine months ended September 30, 2007 and 2006, 1,312,000 and 659,000, respectively, antidilutive stock options were excluded from earnings per share calculations. In addition, for the ~~quarter~~nine months ended ~~March 31,~~September 30, 2007, ~~133,000~~113,000 antidilutive potential shares of common stock have been excluded from the calculation of average diluted shares outstanding, as the Company incurred a net loss for the period.

For the three month periods ended ~~March 31,~~September 30, 2007 and 2006, total comprehensive ~~(loss)~~ income, representing net income plus or minus the change in unrealized gains or losses on securities available for sale amounted to ~~$(5,455,000)~~$1,224,000 and ~~$4,061,000,~~$5,598,000, respectively. For the nine months ended September 30, 2007 and 2006 total comprehensive (loss) income amounted to $(4,253,000) and $14,427,000.

Loans receivable, net at ~~March 31,~~September 30, 2007 and December 31, 2006 consisted of the following (in thousands):


	March 31, 2007			December 31, 2006			September 30, 2007			December 31, 2006
Real estate:
One- to-four family	$	1,207,982		$	1,231,716
One-to-four family							$	1,104,566		$	1,231,716
Commercial real estate, multi-family and land		319,444			306,288			317,080			306,288
Construction		9,098			13,475			14,172			13,475
Consumer		193,886			190,029			209,232			190,029
Commercial		43,258			49,693			46,532			49,693

Total loans		1,773,668			1,791,201			1,691,582			1,791,201

Loans in process		(2,168	)		(2,318	)		(3,883	)		(2,318	)
Deferred origination costs, net		5,474			5,723			5,169			5,723
Allowance for loan losses		(10,577	)		(10,238	)		(10,687	)		(10,238	)

Total loans, net		1,766,397			1,784,368			1,682,181			1,784,368

Less: Mortgage loans held for sale		60,972			82,943			3,244			82,943

Loans receivable, net	$	1,705,425		$	1,701,425		$	1,678,937		$	1,701,425

An analysis of the ~~Reserve~~reserve for ~~Repurchased Loans~~repurchased loans for the three and nine months ended ~~March 31,~~September 30, 2007 follows (in thousands). There was no balance in the reserve at ~~March 31,~~September 30, 2006. The reserve is included in other liabilities in the accompanying statement of financial condition.


	Three months ended March 31, 2007			Three months ended September 30, 2007			Nine months ended September 30, 2007
Balance at beginning of period	$	9,600		$	5,397		$	9,600
Provision charged to operations		3,960
(Recovery) provision charged to operations					(200	)		3,760
Loss on loans repurchased		(3,777	)		(2,444	)		(10,607	)

Balance at end of period	$	9,783		$	2,753		$	2,753

The reserve for repurchased loans is established to provide for expected losses related to outstanding loan repurchase requests and additional repurchase requests which may be received on loans previously sold to investors. In establishing the reserve for repurchased loans, the Company considered all types of sold loans, however, the actual types of loans which resulted in loss estimates included subprime loans with 100% financing, all other subprime loans and a small amount of ALT-A loans. At ~~March 31,~~September 30, 2007, the ~~Bank had repurchased $13.9~~Company utilized $15.1 million into repurchase loans from investors ~~and~~of which $12.2 million were subsequently resold. Also, at September 30, 2007 the Company had unresolved loan repurchase requests of ~~$40.5 million. The Company is currently evaluating the propriety of these repurchase requests.~~$618,000.

The major types of deposits at ~~March 31,~~September 30, 2007 and December 31, 2006 were as follows (in thousands):


	March 31, 2007		December 31, 2006		September 30, 2007		December 31, 2006
Type of Account

Non-interest-bearing	$	118,491	$	114,950	$	113,488	$	114,950
Interest-bearing checking		421,551		408,666		442,195		408,666
Money market deposit		104,493		105,571		86,442		105,571
Savings		199,979		200,544		193,872		200,544
Time deposits		508,417		542,597		474,944		542,597

	$	1,352,931	$	1,372,328	$	1,310,941	$	1,372,328

In ~~September 2006,~~February 2007, the Financial Accounting Standards Board (“FASB”) issued Statement of Financial Accounting Standards (“SFAS”) No. 157 “Fair Value Measurements.” This Statement defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosures about fair value measurements. This Statement applies under other accounting pronouncements that require or permit fair value measurements, the FASB having previously concluded in those accounting pronouncements that fair value is the relevant measurement attribute. Accordingly, this Statement does not require any new fair value measurements. The Statement is effective for fiscal years beginning after November 15, 2007 and interim periods within those fiscal years. The Company does not expect the adoption of Statement No. 157 to have a material impact on its financial statements.

~~In February 2007, the FASB issued SFAS~~ No. 159, “The Fair Value Option for Financial Assets and Financial Liabilities”. SFAS No. 159 permits entities to choose to measure many financial instruments and certain other items at fair value. The objective is to improve financial reporting by providing entities with the opportunity to mitigate volatility in reported earnings caused by measuring related assets and liabilities differently without having to apply complex hedge accounting provisions. The statement is effective as of the beginning of an entity’s first fiscal year that begins after November 15, 2007 with early adoption permitted as of the beginning of a fiscal year that begins on or before November 15, 2007. The Company does not expect the adoption of statement No. 159 to have a material impact on its financial statements.

In September 2006, the FASB issued SFAS No. 157, “Fair Value Measurements.” This Statement defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosures about fair value measurements. This Statement applies under other accounting pronouncements that require or permit fair value measurements, the FASB having previously concluded in those accounting pronouncements that fair value is the relevant measurement attribute. Accordingly, this Statement does not require any new fair value measurements. The Statement is effective for fiscal years beginning after November 15, 2007 and interim periods within those fiscal years. The Company does not expect the adoption of Statement No. 157 to have a material impact on its financial statements.

In June 2006, the FASB issued FASB Interpretation No. 48, “Accounting for Uncertainty in Income Taxes.” The interpretation clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements in accordance with FASB Statement 109 – “Accounting for Income Taxes.” This Interpretation presents a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The Company adopted the Interpretation effective January 1, 2007. The adoption of Interpretation No. 48 did not have a material impact on the Company’s financial statements.

In March 2006, the FASB issued SFAS No. 156, “Accounting for Servicing of Financial Assets.” SFAS No. 140, “Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities,” establishes, among other things, the accounting for all separately recognized servicing assets and servicing liabilities. SFAS No. 156 amends Statement 140 to require that all separately recognized servicing assets and servicing liabilities be initially measured at fair value, if practicable. This Statement permits, but does not require, the subsequent measurement of separately recognized servicing assets and servicing liabilities at fair value. An entity that uses derivative instruments to mitigate the risks inherent in servicing assets and servicing liabilities is required to account for those derivative instruments at fair value. Under this Statement, an entity can elect subsequent fair value measurement to account for its separately recognized servicing assets and servicing liabilities. By electing that option, an entity may simplify its accounting because this Statement permits income statement recognition of the potential offsetting changes in fair value of those servicing assets and servicing liabilities and derivative instruments in the same accounting period. The Company adopted the Statement effective January 1, 2007. The adoption of SFAS No. 156 did not have a material impact on the Company’s financial statements.

Note 1 to the Company’s Audited Consolidated Financial Statements for the year ended December 31, 2006 included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2006, as supplemented by this report, contains a summary of significant accounting policies. Various elements of these accounting policies, by their nature, are inherently subject to estimation techniques, valuation assumptions and other subjective assessments. Certain assets are carried in the consolidated statements of financial condition at fair value or the lower of cost or fair value. Policies with respect to the methodologies used to determine the allowance for loan losses, the reserve for repurchased loans, the valuation of Mortgage Servicing Rights and judgments regarding securities impairment are the most critical accounting policies because they are important to the presentation of the Company’s financial condition and results of operations, involve a higher degree of complexity and require management to make difficult and subjective judgments

which often require assumptions or estimates about highly uncertain matters. The use of different judgments, assumptions and estimates could result in material differences in the results of operations or financial condition. These critical accounting policies and their application are reviewed periodically and, at least annually, with the Audit Committee of the Board of Directors.

The Company’s results of operations are primarily dependent on net interest income, which is the difference between the interest income earned on interest-earning assets, such as loans and investments, and the interest expense on interest-bearing liabilities, such as deposits and borrowings. The Company also generates non-interest income such as income from loan sales, loan servicing, loan originations, merchant credit card services, deposit accounts, the sale of alternative investments, trust and asset management services and other fees. The Company’s operating expenses primarily consist of compensation and employee benefits, occupancy and equipment, marketing, data processing and general and administrative expenses. The Company’s results of operations are also significantly affected by general economic and competitive conditions, particularly changes in market interest rates, government policies and actions of regulatory agencies.

During the second quarter, the Board of Directors of the Bank decided to discontinue most of the operations of Columbia Homes Loans, LLC, the Bank’s mortgage banking ~~subsidiary, originates~~subsidiary. During the third quarter, the Bank decided to completely shutter all of Columbia’s loan origination activity by discontinuing the two remaining small loan production offices. The Bank is retaining Columbia’s loan servicing portfolio. Columbia originated a full product line of residential mortgage loans including the origination of subprime mortgage loans. These subprime loans were ordinarily sold to investors in the normal course of business. The loan sale agreements ~~may have~~generally required Columbia to repurchase certain loans previously sold in the event of an early payment default, generally defined as the failure by the borrower to make a payment within a designated period early in the loan term. ~~The~~Columbia may also be required to repurchase a loan in the event of a breach to a representation or warranty. Columbia experienced early payment defaults ~~experienced by Columbia~~ primarily ~~relate~~related to ~~the~~ subprime mortgage loans with 100% financing relative to the value of the underlying property. During the first quarter of 2007, Columbia originated $38.2 million in subprime loans of which $8.7 million were loans with 100% financing. In March 2007, the Company discontinued the origination of all subprime loans. ~~For the quarter ended March 31, 2007, Columbia recorded a $4.0 million charge to increase the reserve for loans subject to repurchase. This~~A reserve was established to account for Columbia’s potential obligation to repurchase loans. In establishing the reserve for repurchased loans, the Company considered all types of sold loans, however, the actual types of loans which ~~experienced an early payment default.~~resulted in loss estimates included subprime loans with 100% financing, all other subprime loans and a small amount of ALT-A loans. As a result of the analysis of the reserve for repurchased loans at September 30, 2007, the Company recognized a reversal of the provision for repurchased loans of $200,000 for the quarter ended September 30, 2007. For the nine months ended September 30, 2007, the provision for repurchased loans was $3.8 million which is included as part of the gain (loss) on sale of loans. Columbia also ~~maintains~~maintained an inventory of loans held for sale. ~~Included in the $61.0 million of mortgage loans held for sale at March 31, 2007 is $33.5 million of subprime loans. The~~These loans were originated for sale to investors, however, ~~were~~a large amount of subprime loans remained unsold at March 31, 2007 due to a significant decline in liquidity in the subprime loan market during the first quarter of 2007, primarily related to changes in investor product specifications. The loans were initially underwritten to the specifications of particular investors and were generally intended to be sold in bulk. When the investors’ product specifications changed, there was an absence of traditional buyers for these loans creating athe significant decline in liquidity in the subprime loan market. ~~At March 31,~~During the second quarter of 2007, Columbia ~~recorded~~closed on a ~~$7.1~~bulk sale of subprime loans with a stated principal balance of $42.6 million for which Columbia recognized a loss on sale, net of reserves, of $1.3 million. Additionally, included in the loss on sale of loans for the nine months ended September 30, 2007, is a charge of $9.4 million incurred by Columbia to reduce ~~these~~ loans held for sale to their current fair market value. There was no lower of cost or market value charge for the quarter ended September 30, 2007. At September 30, 2007, Columbia was holding subprime loans with a gross principal balance of $7.2 million and a carrying value, net of reserves and lower of cost or market adjustment, of $4.4 million.

~~Throughout~~The interest rate yield curve began the ~~first~~year in an inverted position and generally remained flat to inverted through most of the second quarter ~~of 2007~~when longer-term rates rose and the interest rate yield curve ~~was inverted.~~had a modest upward slope. During the third quarter shorter-term rates began to decline resulting in a continued upward slope to the interest rate yield curve. The ~~continuation of a~~ flat orto inverted yield curve experienced throughout most of 2006 and through the ~~remainder~~beginning of 2007 ~~is expected to have~~has generally had a negative impact on the Bank’s results of operations and net interest margin as interest-earning assets, both loans and securities, are priced against longer-term indices, while interest-bearing liabilities, primarily deposits and borrowings, are priced against shorter-term indices. The Bank has generally not repriced all core deposits (defined as all deposits other than time deposits) at the same pace as market increases in short-term interest rates. Any upward repricing of core deposits would likely have a negative impact on the Bank’s results of operations and net interest margin. Conversely, a prolonged steepening to the yield curve may have a small positive impact on the Bank’s results of operations and net interest margin in the latter part of 2007 and into 2008.

Net interest income represents the difference between income on interest-earning assets and expense on interest-bearing liabilities. Net interest income depends upon the relative amounts of interest-earning assets and interest-bearing liabilities and the interest rate earned or paid on them.

The following tables set forth certain information relating to the Company for the three and nine months ended ~~March 31,~~September 30, 2007 and 2006. The yields and costs are derived by dividing income or expense by the average balance of assets or liabilities, respectively, for the periods shown except where noted otherwise. Average balances are derived from average daily balances. The yields and costs include certain fees which are considered adjustments to yields.


	FOR THE THREE MONTHS ENDED MARCH 31,												FOR THE NINE MONTHS ENDED SEPTEMBER 30,
	2007						2006					��	2007						2006
	AVERAGE BALANCE		INTEREST		AVERAGE YIELD/ COST		AVERAGE BALANCE		INTEREST		AVERAGE YIELD/ COST		AVERAGE BALANCE		INTEREST		AVERAGE YIELD/ COST		AVERAGE BALANCE		INTEREST		AVERAGE YIELD/ COST
	(Dollars in thousands)												(Dollars in thousands)
Assets
Interest-earnings assets:
Interest-earning deposits and short-term investments	$	8,286	$	108	5.21	%	$	8,174	$	90	4.40	%	$	11,212	$	430	5.11	%	$	8,706	$	315	4.82	%
Investment securities (1)		75,571		1,748	9.25			84,637		1,537	7.26			69,980		3,661	6.98			84,480		3,880	6.12
FHLB stock		25,790		448	6.95			22,478		266	4.73			24,575		1,403	7.61			24,289		907	4.98
Mortgage-backed securities (1)		67,335		724	4.30			84,234		874	4.15			63,912		2,127	4.44			79,506		2,518	4.22
Loans receivable, net (2)		1,779,880		27,344	6.15			1,695,108		25,019	5.90			1,743,488		79,528	6.08			1,751,643		79,051	6.02

Total interest-earning assets		1,956,862		30,372	6.21			1,894,631		27,786	5.87			1,913,167		87,149	6.07			1,948,624		86,671	5.93

Non-interest-earning assets		99,227						94,326						101,345						96,516

Total assets	$	2,056,089					$	1,988,957					$	2,014,512					$	2,045,140

Liabilities and Stockholders’ Equity
Interest-bearing liabilities:
Transaction deposits	$	721,882		3,657	2.03		$	740,520		2,712	1.46		$	723,194		11,116	2.05		$	717,194		8,544	1.59
Time deposits		520,412		5,672	4.36			498,543		4,368	3.50			501,697		16,662	4.43			531,557		15,496	3.89

Total		1,242,294		9,329	3.00			1,239,063		7,080	2.29			1,224,891		27,778	3.02			1,248,751		24,040	2.57
Borrowed funds		549,721		6,635	4.83			483,994		5,289	4.37			529,584		19,431	4.89			526,266		18,343	4.65

Total interest-bearing liabilities		1,792,015		15,964	3.56			1,723,057		12,369	2.87			1,754,475		47,209	3.59			1,775,017		42,383	3.18

Non-interest-bearing deposits		113,007						117,958						115,299						124,508
Non-interest-bearing liabilities		20,382						11,332						19,153						11,563

Total liabilities		1,925,404						1,852,347						1,888,927						1,911,088
Stockholders’ equity		130,685						136,610						125,585						134,052

Total liabilities and stockholders’ equity	$	2,056,089					$	1,988,957					$	2,014,512					$	2,045,140

Net interest income			$	14,408					$	15,417					$	39,940					$	44,288

Net interest rate spread (3)					2.65	%					3.00	%					2.48	%					2.75	%

Net interest margin (4)					2.95	%					3.25	%					2.78	%					3.03	%

Comparison of Financial Condition at ~~March 31,~~September 30, 2007 and December 31, 2006

Total assets at ~~March 31,~~September 30, 2007 were ~~$2.048~~$1.937 billion, a decrease of ~~$28.7~~$140.2 million, compared to $2.077 billion at December 31, 2006.

Investment and mortgage-backed securities available for sale decreased $34.3 million to $116.4 million at September 30, 2007 as compared to $150.8 million at December 31, 2006 due to calls of investment securities and repayment of mortgage-backed securities. Loans receivable, net ~~increased~~decreased by ~~$4.0~~$22.5 million to a balance of ~~$1.705~~$1.679 billion at ~~March 31,~~September 30, 2007, compared to a balance of $1.701 billion at December 31, 2006. Increases of ~~$6.7~~$7.6 million in commercial and commercial real estate loans and ~~$3.9~~$19.2 million in consumer loans were ~~partly~~more than offset by a decline in ~~construction~~one-to-four family mortgage loans. Mortgage loans held for sale decreased ~~$22.0~~$79.7 million to a balance of ~~$61.0~~$3.2 million at ~~March 31,~~September 30, 2007 compared to a balance of $82.9 million at December 31, 2006. The decrease ~~occurred at Columbia due to reduced loan origination volume. Additionally,~~was reflective of the discontinuance of most of Columbia’s mortgage ~~loans held for sale amount is net of a $7.1 million charge to reduce loans held for sale to their current fair market value.~~banking operations.

Deposit balances decreased ~~$19.4~~$61.4 million to ~~$1.353~~$1.311 billion at ~~March 31,~~September 30, 2007 from $1.372 billion at December 31, ~~2006. Time deposits decreased $34.2 million~~2006 as the Bank ~~moderated~~maintained its disciplined pricing ~~for this product. Core deposits (defined~~relating to certificates of deposit. Total Federal Home Loan Bank borrowings decreased by $80.0 million to $384.5 million at September 30, 2007 as ~~all deposits~~compared to $464.5 million at December 31, 2006 due to lower asset balances. Additionally, during the quarter ended June 30, 2007, the Company issued $10.0 million of debt in the form of Trust Preferred Securities which is included in other ~~than time deposits) increased by $14.8 million.~~borrowings.

Stockholders’ equity at ~~March 31,~~September 30, 2007 decreased to ~~$125.3~~$123.6 million, compared to $132.3 million at December 31, 2006. The Company repurchased 49,701 shares of common stock during the ~~three~~nine months ended ~~March 31,~~September 30, 2007 at a total cost of $1.1 million. Stockholders’ equity was further reduced by the net loss, ~~and~~ the cash ~~dividend.~~dividend and an increase in accumulated other comprehensive loss.

Comparison of Operating Results for the Three and Nine Months Ended ~~March 31,~~September 30, 2007 and ~~March 31,~~September 30, 2006

~~The net loss~~Net income for the three months ended ~~March 31,~~September 30, 2007 was ~~$5.4~~$3.1 million, or $.27 per diluted share, as compared to $4.9 million, or $.42 per diluted share, for the corresponding prior year period. For the nine months ended September 30, 2007, the net loss was $2.0 million, or $.18 per diluted share, as compared to net income of ~~$4.3~~$14.1 million, or $1.18 per diluted share, for the ~~same prior year period. Diluted loss per share was $.47 for the three months ended March 31, 2007, as compared to diluted earnings per share of $.36 for the same~~corresponding prior year period.

Interest income for the three and nine months ended ~~March 31,~~September 30, 2007 was ~~$30.4~~$28.2 million and $87.1 million, respectively, compared to ~~$27.8~~$30.3 million and $86.7 million, respectively, for the three and nine months ended ~~March 31,~~September 30, 2006. The yield on interest-earning assets increased to ~~6.21%~~6.07% for both the three and nine months ended ~~March 31,~~September 30, 2007 as compared to ~~5.87%~~6.06% and 5.93%, respectively, for the same prior year ~~period. The asset yield for the current quarter benefited from $681,000 of income relating to an equity investment. The comparable benefit for the prior year period was $463,000.~~periods. Average interest-earning assets ~~increased~~decreased by ~~$62.2~~$139.9 million and $35.5 million, respectively, for the three and nine months ended ~~March 31,~~September 30, 2007 as compared to the same prior year ~~period. The growth was concentrated in average loans receivable which grew $84.8 million, or 5.0%,~~periods partly reflective of the discontinuance of most of Columbia’s mortgage banking operations.

Interest expense for the three and nine months ended ~~March 31,~~September 30, 2007 was $15.4 million and $47.2 million, respectively, compared to $15.9 million and $42.4 million, respectively, for the three and nine months ended September 30, 2006. The cost of interest-bearing liabilities increased to 3.61% and 3.59%, respectively, for the

three and nine months ended September 30, 2007, as compared to 3.47% and 3.18%, respectively, in the same prior year periods. Average interest-bearing liabilities decreased by $122.5 million and $20.5 million, respectively, for the three and nine months ended September 30, 2007 as compared to the same prior year ~~period.~~

Interest expense for the three months ended March 31, 2007 was $16.0 million, compared to $12.4 million for the three months ended March 31, 2006. The cost of interest-bearing liabilities increased to 3.56% for the three months ended March 31, 2007, as compared to 2.87% in the same prior year period. Average interest-bearing liabilities increased by $69.0 million for the three months ended March 31, 2007 as compared to the same prior year period. The growth primarily occurred in average borrowed funds which grew $65.7 million for the three months ended March 31, 2007 as compared to the same prior year period.periods.

Net interest income for the three and nine months ended ~~March 31,~~September 30, 2007 decreased to ~~$14.4~~$12.8 million and $39.9 million, respectively, as compared to ~~$15.4~~$14.5 million and $44.3 million, respectively, in the same prior year ~~period.~~periods. The net interest margin decreased to ~~2.95%~~2.76% and 2.78%, respectively, for the three and nine months ended ~~March 31,~~September 30, 2007 from ~~3.25%~~2.89% and 3.03%, respectively, in the same prior year ~~period.~~periods. The ~~continued inversion~~slope of the interest rate yield curve caused the increase in the cost of interest-bearing liabilities to outpace the increase in the yield on interest-earning assets.

For the three and nine months ended ~~March 31,~~September 30, 2007, the Bank’s provision for loan losses was ~~$340,000~~$75,000 and $525,000, respectively, compared to $50,000 and $100,000, respectively, in the same prior year ~~period. Although nonperforming~~periods. Non-performing loans increased to ~~$18.2~~$9.2 million at ~~March 31,~~September 30, 2007 from $4.5 million at December 31, ~~2006, $10.3~~2006. The non-performing loan total includes $887,000 of repurchased one-to-four family and consumer loans and $3.3 million of ~~this increase relates to~~one-to-four family and consumer loans ~~repurchased by Columbia in the first quarter of 2007 due to an early payment default. These loans~~previously held-for-sale, which were previously written down to their fair market value, ~~on the date of repurchase~~ which included an assessment of ~~the loans~~each loan’s potential credit impairment. As a result, these loans do not currently require an adjustment to the allowance for loan losses. Loans receivable, net ~~grew~~declined modestly during the first ~~quarter~~nine months of 2007 and net charge-offs for the ~~quarter~~three and nine months ended ~~March 31,~~September 30, 2007 were ~~only $1,000.~~$7,000 and $76,000, respectively. The increase in the provision for loan losses was primarily due to the ~~$3.4 million~~ increase in non-performing ~~loans exclusive of the loans repurchased.~~loans.

Other income (loss) ~~income~~ decreased to income of $4.6 million and a loss of ~~$6.4~~$1.6 million, respectively, for the three and nine months ended ~~March 31,~~September 30, 2007, compared to income of ~~$4.4~~$6.6 million and $17.6 million, respectively, for the same prior year ~~period.~~periods. The net gain (loss) on the sale of loans was a gain of $1.2 million and a loss of $11.7 million, respectively, for the three and nine months ended September 30, 2007 as compared to a net gain of $3.5 million and $8.5 million, respectively, for the three and nine months ended September 30, 2006. The decrease in the gain on sale is partly due to the decision to discontinue most operations of Columbia. For the three months ended September 30, 2007, the gain on the sale of loans benefited from a $200,000 reduction to the reserve for repurchased loans. The net loss on the sale of loans ~~was $9.6 million~~ for the ~~three~~nine months ended ~~March 31,~~September 30, 2007 ~~as compared to a net gain of $1.7 million for the three months ended March 31, 2006. The net loss~~ includes a ~~$7.1~~loss of $1.3 million ~~charge~~on the bulk sale of subprime loans and lower of cost or market charges of $9.4 million taken by Columbia to reduce loans held for sale to their current fair market value. Also included in the net loss on the sale of loans for the nine months ended September 30, 2007 is a ~~$4.0~~$3.8 million charge to increase the reserve for repurchased loans.

Fees and service charges increased ~~$451,000,~~$265,000, or ~~19.2%~~9.9%, and $870,000, or 11.1%, respectively, for the three and nine months ended ~~March 31,~~September 30, 2007, as compared to the same prior year ~~period~~periods primarily related to increases in fees generated from ~~reverse mortgage loans,~~ trust services and ~~checking account fees.~~deposit accounts.

Operating expenses were ~~$15.1~~$12.6 million and $41.4 million, respectively, for the three and nine months ended September 30, 2007, as compared to $13.5 million and $40.2 million, respectively, in the same prior year periods. The decrease in operating expenses for the three months ended ~~March 31,~~September 30, 2007 as compared to ~~$13.2 million in~~ the ~~same~~corresponding prior year ~~period. Included~~period was due to the discontinuation of most of the operations at Columbia and lower ESOP expense. These reductions were partly offset by the cost of new branches, higher professional fees and total severance costs at Columbia of $101,000. Total severance costs for the nine months ended September 30, 2007 amounted to $879,000. Additionally, occupancy expense for the three and nine months ended September 30, 2007 includes a $375,000 charge for lease termination costs at Columbia. Additionally, included in operating expenses for the nine months ended September 30, 2007 is $1.0 million representing the write-off of the previously established goodwill on the August 2000 acquisition of Columbia. The Company concluded at March 31, 2007 that as a result of the recent financial performance of Columbia the goodwill was impaired. The increase in operating expenses was also due to the costs related to branch expansion and higher professional fees.

Income tax expense (benefit) was an expense ~~was~~of $1.6 million and a benefit of ~~$2.0~~$1.6 million, respectively, for the three and nine months ended ~~March 31,~~September 30, 2007, as compared to an expense of ~~$2.3~~$2.6 million and $7.5 million, respectively, for the same prior year period. The effective tax rate decreased to 26.7% for the three months ended March 31, 2007 as compared to 34.8% for the same prior year period, partly due to an expected reduction in non-deductible ESOP expense.periods.

The Company’s primary sources of funds are deposits, principal and interest payments on loans and mortgage-backed securities, proceeds from the sale of loans, FHLB and other borrowings and, to a lesser extent, investment maturities. While scheduled amortization of loans is a predictable source of funds, deposit flows and mortgage prepayments are greatly influenced by general interest rates, economic conditions and competition. The Company has other sources of liquidity if a need for additional funds arises, including lines of credit and FHLB advances.

At ~~March 31,~~September 30, 2007 the Company had outstanding overnight borrowings from the FHLB of ~~$47.2~~$27.5 million as compared to $42.5 million in overnight borrowings at December 31, 2006. The Company utilizes the overnight line ~~from time-to-time~~ to fund short-term liquidity needs. The Company had total FHLB borrowings, including overnight borrowings, of ~~$462.2~~$384.5 million at ~~March 31,~~September 30, 2007, a decrease from $464.5 million at December 31, 2006.

The Company’s cash needs for the ~~three~~nine months ended ~~March 31,~~September 30, 2007 were primarily satisfied by principal payments on loans and mortgage-backed securities, maturities or calls of investment securities, ~~and~~ proceeds from the sale of mortgage loans held for ~~sale.~~sale and the issuance of debt in the form of trust preferred securities. The cash was principally utilized for loan originations and repurchases, to fund deposit ~~outflows.~~outflows and reduce Federal Home Loan Bank borrowings. For the ~~three~~nine months ended ~~March 31,~~September 30, 2006, the cash needs of the Company were primarily satisfied by principal payments on loans and mortgage-backed securities, increased deposits and borrowings, and proceeds from the sale of mortgage loans held for sale. The cash provided was principally used for the origination of loans and the repurchase of common stock.

In the normal course of business, the Company routinely enters into various off-balance sheet commitments, primarily relating to the origination and sale of loans. At ~~March 31,~~September 30, 2007, outstanding commitments to originate loans totaled ~~$128.5~~$62.1 million; outstanding unused lines of credit totaled ~~$181.6~~$188.6 million; and outstanding commitments to sell loans totaled ~~$61.6~~$11.0 million. The Company expects to have sufficient funds available to meet current commitments arising in the normal course of business.

Time deposits scheduled to mature in one year or less totaled ~~$402.8~~$422.8 million at ~~March 31,~~September 30, 2007. Based upon historical experience management estimates that a significant portion of such deposits will remain with the Company.

Under the Company’s stock repurchase programs, shares of OceanFirst Financial Corp. common stock may be purchased in the open market and through other privately-negotiated transactions, from time-to-time, depending on market conditions. The repurchased shares are held as treasury stock for general corporate use. For the ~~three~~nine months ended ~~March 31,~~September 30, 2007, the Company purchased 49,701 shares of common stock at a total cost of $1.1 million compared with purchases of ~~276,298~~669,604 shares for the ~~three~~nine months ended ~~March 31,~~September 30, 2006 at a total cost of ~~$6.5~~$15.3 million. At ~~March 31,~~September 30, 2007, there were 489,062 shares remaining to be repurchased under the existing

stock repurchase program. Cash dividends declared and paid during the first ~~three~~nine months of 2007 were ~~$2.3~~$6.8 million, ~~unchanged~~a decrease from $6.9 million in the same prior year ~~amount.~~period. On ~~April 18,~~October 17, 2007, the Board of Directors declared a quarterly cash dividend of twenty cents ($.20) per common share. The dividend is payable on ~~May 11,~~November 16, 2007 to stockholders of record at the close of business on ~~April 27,~~November 2, 2007.

The primary sources of liquidity for OceanFirst Financial Corp., the holding company of OceanFirst Bank, are capital distributions from the banking subsidiary and the issuance of debt instruments. For the first ~~three~~nine months of 2007, OceanFirst Financial Corp. received no dividend payments from OceanFirst ~~Bank and the ability~~Bank. The Office of ~~the Bank to pay dividends to OceanFirst Financial Corp. is currently limited by capital constraints. The OTS~~Thrift Supervision (“OTS”) has previously notified the Bank that it does not object to the payment of capital dividends, so long as the Bank remains well capitalized after each capital distribution, and also maintains a tier one core leverage ratio above 6.0% and a total risk-based capital ratio above 10.5% after each capital distribution. The Bank’s tier one core leverage ratio and total risk-based capital ratio at ~~March 31,~~September 30, 2007 were ~~6.3%~~6.9% and ~~10.0%~~10.9%, respectively. Applicable Federal law or the ~~Bank’s regulator,~~OTS, may further limit the amount of capital distributions OceanFirst

Bank may make. OceanFirst Financial Corp.’s ability to continue to pay dividends and repurchase stock is partly dependent upon capital distributions from OceanFirst Bank and may be adversely affected by the Bank’s current capital constraints. The Company raised $10.0 million during the second quarter of 2007 from the issuance of trust preferred securities. The trust preferred securities carry a floating rate of 175 basis points over 3 month LIBOR and adjust quarterly. Accrued interest is due quarterly with principal due at the maturity date of September 1, 2037. At ~~March 31,~~September 30, 2007, OceanFirst Financial Corp. held ~~$2.3~~$6.4 million in cash and $6.3 million in investment securities available for sale. Additionally, OceanFirst Financial Corp. has an available line of credit for up to $4.0 ~~million and has, in the past, issued trust preferred securities and subordinated debt to fund its activities.~~million.

At ~~March 31,~~September 30, 2007, the Bank exceeded all of its regulatory capital requirements with tangible capital of ~~$128.1~~$134.0 million, or ~~6.3%~~6.9% of total adjusted assets, which is above the required level of ~~$30.7~~$29.1 million or 1.5%; core capital of ~~$128.1~~$134.0 million or ~~6.3%~~6.9% of total adjusted assets, which is above the required level of ~~$61.4~~$58.1 million, or 3.0%; and risk-based capital of ~~$138.0~~$144.3 million, or ~~10.0%~~10.9% of risk-weighted assets, which is above the required level of ~~$110.1~~$105.5 million or 8.0%. The Bank is considered a “well-capitalized” institution under the Office of Thrift Supervision’s Prompt Corrective Action Regulations.

In the normal course of operations, the Company engages in a variety of financial transactions that, in accordance with generally accepted accounting principles, are not recorded in the financial statements. These transactions involve, to varying degrees, elements of credit, interest rate, and liquidity risk. Such transactions are used for general corporate purposes or for customer needs. Corporate purpose transactions are used to help manage credit, interest rate, and liquidity risk or to optimize capital. Customer transactions are used to manage customers’ requests for funding. These financial instruments and commitments include unused consumer lines of credit and commitments to extend credit. The Company also has outstanding commitments to sell loans amounting to ~~$61.6~~$11.0 million.

The following table shows the contractual obligations of the Company by expected payment period as of ~~March 31,~~September 30, 2007 (in thousands):


Contractual Obligation	Total		Less than One year		1-3 years		3-5 years		More than 5 years		Total		Less than One year		1-3 years		3-5 years		More than 5 years
Debt Obligations	$	541,484	$	204,984	$	226,000	$	93,000	$	17,500	$	481,742	$	198,242	$	218,000	$	38,000	$	27,500
Commitments to Originate Loans	$	128,529	$	128,529							$	62,060	$	62,060		—		—		—
Commitments to Fund Unused Lines of Credit	$	181,619	$	181,619							$	188,559	$	188,559		—		—		—

Debt obligations include borrowings from the FHLB, Securities Sold under Agreements to Repurchase and other borrowings. The borrowings have defined terms and, under certain circumstances, ~~$55.0~~$40.0 million of the borrowings are callable at the option of the lender.

Commitments to originate loans and commitments to fund unused lines of credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since some of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company’s exposure to credit risk is represented by the contractual amount of the instruments.

The following table sets forth information regarding the Company’s non-performing assets consisting of non-accrual loans and Real Estate Owned (“REO”). It is the policy of the Company to cease accruing interest on loans 90 days or more past due or in the process of foreclosure.


	March 31, 2007			December 31, 2006			September 30, 2007			December 31, 2006
	(dollars in thousands)						(dollars in thousands)
Non-accrual loans:
Real estate - One- to- four family	$	12,940		$	2,703
Real estate – One-to-four family							$	6,144		$	2,703
Commercial Real Estate		3,185			286			1,739			286
Consumer		766			281			414			281
Commercial		1,306			1,255			865			1,255

Total non-performing loans		18,197			4,525			9,162			4,525
REO, net		709			288			433			288

Total non-performing assets	$	18,906		$	4,813		$	9,595		$	4,813


Allowance for loan losses as a percent of total loans receivable		.60	%		.57	%		.63	%		.57	%
Allowance for loan losses as percent of total non-performing loans		58.12			226.25			116.64			226.25
Non-performing loans as a percent of total loans receivable		1.03			.25			.54			.25
Non-performing assets as a percent of total assets		.92			.23			.50			.23

The non-performing loan total includes ~~$10.3 million~~$887,000 of repurchased one-to-four family and consumer loans and $3.3 million of one-to-four family and consumer loans previously held for sale, which ~~have been~~were previously written down to their fair market value. The commercial real estate category includes ~~a $2.3 million~~an $883,000 relationship for the construction of townhouses which has experienced sales delays. The Company also classifies assets in accordance with certain regulatory guidelines. At ~~March 31,~~September 30, 2007 the Company had ~~$12.1~~$10.2 million designated as Special Mention, ~~$18.2~~$11.9 million classified as Substandard and ~~$60,000~~$105,000 classified as Doubtful as compared to $18.2 million, $8.2 million and $185,000, respectively, designated as Special Mention and classified as Substandard and Doubtful at December 31, 2006. The largest Substandard relationship at September 30, 2007 is comprised of two loans totaling $2.2 million for a start-up business for which operating revenue is not currently supporting the debt obligation. The loans are current as to payments. The largest Special Mention relationship at ~~March 31,~~September 30, 2007 comprised several credit facilities to a large, real estate agency with an aggregate balance of $4.4 million which was current as to payments, but ~~classified~~criticized due to declining revenue and net income of the borrower. The ~~loan is~~loans are secured by commercial real estate and corporate assets and the personal guarantee of the principals. Included in the ~~substandard~~Substandard and ~~doubtful~~Doubtful categories are all of the non-performing loans noted above.

In addition to historical information, this quarterly report contains certain forward-looking statements which are based on certain assumptions and describe future plans, strategies and expectations of the Company. These forward-looking statements are generally identified by use of the words “believe,” “expect,” “intend,” “anticipate,” “estimate,” “project,” or similar expressions. The Company’s ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on the operations of the Company and the subsidiaries include, but are not limited to, changes in interest rates, general economic conditions, legislative/regulatory changes, monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and the Board of Governors of the Federal Reserve System, the quality or composition of the loan or investment portfolios, demand for loan products, deposit flows, competition, demand for financial services in the Company’s market area and accounting principles and guidelines. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on statements. The Company does not ~~undertake—~~undertake - and specifically disclaims any ~~obligation—~~obligation - to publicly release the result of any revisions which may be made to any forward-looking

statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. Further description of the risks and uncertainties to the business are included in Item 1, Business and Item 1A, Risk Factors of the Company’s 2006 Form 10-K.

The Company’s interest rate sensitivity is monitored through the use of an interest rate risk (“IRR”) model. The following ~~tables set~~table sets forth the amounts of interest-earning assets and interest-bearing liabilities outstanding at ~~March 31,~~September 30, 2007 which were anticipated by the Company, based upon certain assumptions, to reprice or mature in each of the future time periods shown. At ~~March 31,~~September 30, 2007 the Company’s one-year gap was negative ~~.32%~~12.55% as compared to negative ~~.80%~~0.80% at December 31, 2006.


At March 31, 2007	3 Months or Less			More than 3 Months to 1 Year			More than 1 Year to 3 Years			More than 3 Years to 5 Years			More than 5 Years			Total
At June 30, 2007																			3 Months or Less			More than 3 Months to 1 Year			More than 1 Year to 3 Years			More than 3 Years to 5 Years			More than 5 Years			Total
(dollars in thousands)
Interest-earning assets: (1)
Interest-earning deposits and short- term investments	$	9,360		$	—		$	—		$	—		$	—		$	9,360
Interest-earning deposits and short-term investments																			$	2,942		$	—		$	—		$	—		$	—		$	2,942
Investment securities		64,901			—			292			—			7,333			72,526			54,953			295			—			—			7,333			62,581
FHLB stock		—			—			—			—			25,319			25,319			—			—			—			—			22,040			22,040
Mortgage-backed securities		5,047			19,868			27,171			8,465			4,714			65,265			6,687			13,302			26,471			8,619			3,217			58,296
Loans receivable (2)		307,749			340,977			590,618			270,720			261,436			1,771,500			253,724			330,642			539,429			272,709			291,195			1,687,699

Total interest-earning assets		387,057			360,845			618,081			279,185			298,802			1,943,970			318,306			344,239			565,900			281,328			323,785			1,833,558

Interest-bearing liabilities:
Money market deposit accounts		4,750			14,249			37,998			47,496			—			104,493			3,936			11,808			31,489			39,209			—			86,442
Savings accounts		9,043			28,157			72,346			90,433			—			199,979			10,670			26,172			69,791			87,239			—			193,872
Interest-bearing checking accounts		19,161			57,483			153,289			191,618			—			421,551			155,432			40,965			109,241			136,557			—			442,195
Time deposits		163,079			240,767			90,252			12,695			1,624			508,417			113,030			309,922			41,270			9,692			1,030			474,944
FHLB advances		65,200			75,000			210,000			93,000			—			443,200			37,500			91,000			205,000			38,000			—			371,500
Securities sold under agreements to repurchase		61,784			3,000			16,000			—			—			80,784			69,742			—			13,000			—			—			82,742
Other borrowings		12,500			—			—			—			5,000			17,500			22,500			—			—			—			5,000			27,500

Total interest-bearing liabilities		335,517			418,656			579,885			435,242			6,624			1,775,924			412,810			479,867			469,791			310,697			6,030			1,679,195

Interest sensitivity gap (3)	$	51,540		$	(57,811	)	$	38,196		$	(156,057	)	$	292,178		$	168,046		$	(94,504	)	$	(135,628	)	$	96,109		$	(29,369	)	$	317,755		$	154,363

Cumulative interest sensitivity gap	$	51,540		$	(6,271	)	$	31,925		$	(124,132	)	$	168,046		$	168,046		$	(94,504	)	$	(230,132	)	$	(134,023	)	$	(163,392	)	$	154,363		$	154,363

Cumulative interest sensitivity gap as a percent of total interest- earning assets		2.65	%		(0.32	)%		1.64	%		(6.39	)%		8.64	%		8.64	%
Cumulative interest sensitivity gap as a percent of total interest-earning assets																				(5.15	)%		(12.55	)%		(7.31	)%		(8.91	)%		8.42	%		8.42	%

Additionally, the table below sets forth the Company’s exposure to interest rate risk as measured by the change in net portfolio value (“NPV”) and net interest income under varying rate shocks as of ~~March 31,~~September 30, 2007 and December 31, 2006. All methods used to measure interest rate sensitivity involve the use of assumptions, which may tend to oversimplify the manner in which actual yields and costs respond to changes in market interest rates. The Company’s interest rate sensitivity should be reviewed in conjunction with the financial statements and notes thereto contained in the Company’s Annual Report for the year ended December 31, 2006.


	March 31, 2007										December 31, 2006										September 30, 2007										December 31, 2006
	Net Portfolio Value						Net Interest Income				Net Portfolio Value						Net Interest Income				Net Portfolio Value						Net Interest Income				Net Portfolio Value						Net Interest Income
Change in Interest Rates in Basis Points (Rate Shock)	Amount		% Change		NPV Ratio		Amount		% Change		Amount		% Change		NPV Ratio		Amount		% Change		Amount		% Change		NPV Ratio		Amount		% Change		Amount		% Change		NPV Ratio		Amount		% Change
(dollars in thousands)
200	$	168,169	(16.0	)%	8.6	%	$	51,248	(4.8	)%	$	172,422	(16.0	)%	8.7	%	$	53,028	(4.9	)%	$	129,056	(26.3	)%	7.1	%	$	49,849	(8.4	)%	$	172,422	(16.0	)%	8.7	%	$	53,028	(4.9	)%
100		187,171	(6.5	)	9.3			52,894	(1.7	)		192,040	(6.5	)	9.5			54,748	(1.9	)		154,567	(11.7	)	8.2			52,443	(3.6	)		192,040	(6.5	)	9.5			54,748	(1.9	)
Static		200,097	—		9.8			53,826	—			205,312	—		9.9			55,788	—			175,103	—		9.1			54,399	—			205,312	—		9.9			55,788	—
(100)		199,623	(0.2	)	9.6			53,329	(0.9	)		206,157	0.4		9.8			55,431	(0.6	)		183,784	5.0		9.4			55,110	1.3			206,157	0.4		9.8			55,431	(0.6	)
(200)		183,330	(8.4	)	8.8			50,094	(6.9	)		191,711	(6.6	)	9.1			52,490	(5.9	)		175,944	0.5		9.0			53,240	(2.1	)		191,711	(6.6	)	9.1			52,490	(5.9	)

The Company’s management, including the Company’s principal executive officer and principal financial officer, have evaluated the effectiveness of the Company’s “disclosure controls and procedures,” as such term is defined in Rule 13a-15(e) promulgated under the Securities Exchange Act of 1934, as amended, (the “Exchange Act”). Based upon their evaluation, the principal executive officer and principal financial officer concluded that, as of the end of the period covered by this report, the Company’s disclosure controls and procedures were ~~not effective due to the material weakness discussed below.~~effective. Disclosure controls and procedures are the controls and other procedures that are designed to ensure that the information required to be disclosed in the reports that the Company files or submits under the Exchange Act with the SEC (1) is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and (2) is accumulated and communicated to the Company’s management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure. ~~The~~

At December 31, 2006, the Company’s policies and procedures were not effective to provide for the proper evaluation and assessment of the adequacy of its reserve for repurchased loans at its mortgage banking subsidiary. Specifically, the Company lacked an effective process to ensure that the exercise of loan repurchase requests by purchasers of its loans were timely identified and incorporated properly in the analysis of its reserve for repurchased loans. This deficiency resulted in material misstatements in the Company’s reserve for repurchased loans and amounts recorded as a gain on sales of loans at December 31, 2006 and resulted in more than a remote likelihood that a material misstatement of the Company’s annual or interim consolidated financial statements would not be prevented or detected. These misstatements were corrected in the consolidated financial statements included in the December 31, 2006 Form 10-K. ~~In light of this~~

During 2007, the Company implemented a remediation plan to address the material weakness in preparing its consolidated financial statements as of and for the quarter ended March 31, 2007, the Company performed additional analyses and procedures to ensure that the Company’s consolidated financial statements included in this Form 10-Q for the quarter ended March 31, 2007 have been prepared in accordance with U.S. generally accepted accounting principles.

~~There were no changes in the Company’s~~ internal control over financial reporting ~~during the quarter ended March~~which existed at December 31, ~~2007 that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting except as described below.~~2006. To address the material weakness, ~~identified above,~~ during the first quarter of 2007, the Company enhanced its policies and procedures related to the quarterly evaluation of the adequacy of the reserve for repurchased loans. All repurchase requests received must be reported to a committee of senior officers of the ~~Company~~Bank for evaluation and incorporation into the analysis of the reserve for repurchased loans. The Company proactively monitors the receipt of repurchase requests. Additionally, the Company’s mortgage banking subsidiary modified its mortgage loan product menu to eliminate the origination of subprime loans. Furthermore, the Company has taken disciplinary action against certain officers of the mortgage banking subsidiary responsible for not following established policies and procedures. Finally, the Bank determined to discontinue most of the operations of Columbia while merging the remaining functions into the Bank’s operations.

Except as described above, there were no changes in the Company’s internal control over financial reporting during the quarter ended September 30, 2007 that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

The Company is not engaged in any legal proceedings of a material nature at the present time. From time to time, the Company is a party to routine legal proceedings within the normal course of business. Such routine legal proceedings in the aggregate are believed by management to be immaterial to the Company’s financial condition or results of operations.

Information regarding the Company’s common stock repurchases for the three month period ended ~~March 31,~~September 30, 2007 is as follows:

On July 19, 2006, the Company announced its intention to repurchase up to an additional 615,883 shares, or 5%, of its outstanding common stock.

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


975 Hooper Avenue, Toms River, NJ		08754-2009
(Address of principal executive offices)		(Zip Code)


		PAGE

PART I.I.	FINANCIAL INFORMATION

Item 1.	Consolidated Financial Statements (Unaudited)

	Consolidated Statements of Financial Condition as of ~~March 31,~~September 30, 2007 and December 31, 2006	1

	Consolidated Statements of Operations for the three and nine months ended ~~March 31,~~September 30, 2007 and 2006	2

	Consolidated Statements of Changes in Stockholders’ Equity for the ~~three~~nine months ended ~~March 31,~~September 30, 2007 and 2006	3

	Consolidated Statements of Cash Flows for the ~~three~~nine months ended ~~March 31,~~September 30, 2007 and 2006	4

	Notes to Unaudited Consolidated Financial Statements	6

Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	8

Item 3.	Quantitative and Qualitative Disclosures About Market Risk	1516

Item 4.	Controls and Procedures	1617

PART ~~II.~~II.	OTHER INFORMATION

Item 1.	Legal Proceedings	1617

Item 1A.	Risk Factors	1617

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	1718

Item 3.	Defaults Upon Senior Securities	1718

Item 4.	Submission of Matters to a Vote of Security Holders	1718

Item 5.	Other Information	1718

Item 6.	Exhibits	1718

Signatures			1819


	FOR THE QUARTERS ENDED SEPTEMBER 30,
	2007						2006
	AVERAGE BALANCE		INTEREST		AVERAGE YIELD/ COST		AVERAGE BALANCE		INTEREST		AVERAGE YIELD/ COST
	(Dollars in thousands)
Assets
Interest-earnings assets:
Interest-earning deposits and short-term investments	$	17,191	$	217	5.05	%	$	8,960	$	117	5.22	%
Investment securities (1)		62,836		895	5.70			83,917		1,212	5.78
FHLB stock		22,432		478	8.52			25,940		350	5.40
Mortgage-backed securities (1)		60,539		688	4.55			74,679		812	4.35
Loans receivable, net (2)		1,696,679		25,945	6.12			1,806,060		27,825	6.16

Total interest-earning assets		1,859,677		28,223	6.07			1,999,556		30,316	6.06

Non-interest-earning assets		102,284						99,144

Total assets	$	1,961,961					$	2,098,700

Liabilities and Stockholders’ Equity
Interest-bearing liabilities:
Transaction deposits	$	727,233		3,837	2.11		$	703,986		3,039	1.73
Time deposits		488,688		5,489	4.49			557,093		5,900	4.24

Total		1,215,921		9,326	3.07			1,261,079		8,939	2.84
Borrowed funds		489,662		6,066	4.96			567,003		6,918	4.88

Total interest-bearing liabilities		1,705,583		15,392	3.61			1,828,082		15,857	3.47

Non-interest-bearing deposits		116,895						124,998
Non-interest-bearing liabilities		16,834						12,896

Total liabilities		1,839,312						1,965,976
Stockholders’ equity		122,649						132,724

Total liabilities and stockholders’ equity	$	1,961,961					$	2,098,700

Net interest income			$	12,831					$	14,459

Net interest rate spread (3)					2.46	%					2.59	%

Net interest margin (4)					2.76	%					2.89	%


Period	Total Number of Shares Purchased (1)	Average price Paid per Share	Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs	Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs
January 1, 2007 through January 31, 2007	9,738	22.67	-0-	538,763

February 1, 2007 through February 28, 2007	49,701	22.37	49,701	489,062

March 1, 2007 through March 31, 2007	-0-	-0-	-0-	489,062


Period	Total Number of Shares Purchased	Average price Paid per Share	Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs	Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs
July 1, 2007 through July 31, 2007	0	—	0	489,062
August 1, 2007 through August 31, 2007	0	—	0	489,062
September 1, 2007 through September 30, 2007	0	—	0	489,062


Exhibits:

3.1		Certificate of Incorporation of OceanFirst Financial Corp.*

3.2		Bylaws of OceanFirst Financial Corp.**

4.0		Stock Certificate of OceanFirst Financial Corp.*

31.1		Rule 13a-14(a)/15d-14(c) Certification of Chief Executive Officer

31.2		Rule 13a-14(a)/15d-14(c) Certification of Chief Financial Officer

32.0		Section 1350 Certifications


		OceanFirst Financial Corp.
		Registrant

DATE: ~~May 10,~~November 8, 2007		/s/ John R. Garbarino
		John R. Garbarino
		Chairman of the Board, President
		and Chief Executive Officer

DATE: ~~May 10,~~November 8, 2007		/s/ Michael J. Fitzpatrick
		Michael J. Fitzpatrick
		Executive Vice President and
		Chief Financial Officer


Exhibit	Description	Page	Description	Page
31.1	Rule 13a-14(a)/15d-14(c) Certification of Chief Executive Officer	20	Rule 13a-14(a)/15d-14(c) Certification of Chief Executive Officer	21

31.2	Rule 13a-14(a)/15d-14(c) Certification of Chief Financial Officer	21	Rule 13a-14(a)/15d-14(c) Certification of Chief Financial Officer	22

32.0	Section 1350 Certifications	22	Section 1350 Certifications	23