Rate and Volume Analysis

Rate/Volume Analysis The following table presents the extent to which changes in interest rates and changes in the volume of interest-earning assets and interest-bearing liabilities have affected our interest income and interest expense during the periods indicated. Information is provided in each category with respect to (1) the changes attributable to changes in volume (changes in volume multiplied by prior rate), (2) the changes attributable to changes in rate (changes in rate multiplied by prior volume), and (3) the net change. The changes attributable to the combined impact of volume and rate have been allocated proportionately to the changes due to volume and the changes due to rate.
Year Ended December 31, 2007 Compared to Year Ended December 31, 2006 Increase (Decrease) Volume Rate Net Year Ended December 31, 2006 Compared to Year Ended December 31, 2005 Increase (Decrease) Volume Rate Net

(In Thousands) Interest-earning assets: Mortgage loans: One-to-four family Multi-family, commercial real estate and construction Consumer and other loans Mortgage-backed and other securities Federal funds sold and repurchase agreements Federal Home Loan Bank stock Total Interest-bearing liabilities: Savings Money market NOW and demand deposit Liquid CDs Certificates of deposit Borrowings Total Net change in net interest income

$ 53,118 (1,923) (6,124) (49,675) (4,735) 1,487 (7,852) (1,236) (1,561) (21) 21,660 12,333 (20,885) 10,290 $(18,142)

$ 24,640 (2,783) 567 1,180 396 2,360 26,360 54 95 1,232 38,713 24,981 65,075 $(38,715)

$ 77,758 (4,706) (5,557) (48,495) (4,339) 3,847 18,508 (1,236) (1,507) 74 22,892 51,046 4,096 75,365 $(56,857)

$ 26,008 20,906 (3,014) (77,631) (2,433) 596 (35,568) (1,653) (2,674) (51) 31,966 14,476 (53,396) (11,332) $(24,236)

$ 24,168 (783) 7,589 4,540 2,720 1,161 39,395 448 7,786 53,073 42,247 103,554 $(64,159)

$ 50,176 20,123 4,575 (73,091) 287 1,757 3,827 (1,653) (2,226) (51) 39,752 67,549 (11,149) 92,222 $(88,395)