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MORTGAGE, HOME EQUITY AND AUTO LOAN RATES

Effective Date: July 15, 2008

First Mortgages

TERM	POINTS	RATE	APR**
"80-10-10" 30 Year	0	6.500%	6.548%
	1	6.250%	6.394%
	2	6.000%	6.238%
	3	5.750%	6.080%
15 Year Fixed	0	5.875%	5.953%
	1	5.625%	5.859%
	2	5.375%	5.766%
	3	5.125%	5.672%
20 Year Fixed	0	6.000%	6.062%
	1	5.750%	5.936%
	2	5.500%	5.810%
	3	5.250%	5.683%
25 Year Fixed	0	6.250%	6.304%
	1	6.000%	6.160%
	2	5.750%	6.015%
	3	5.500%	5.870%
30 Year Fixed	0	6.500%	6.548%
	1	6.250%	6.394%
	2	6.000%	6.238%
	3	5.750%	6.080%
40 Year Fixed	0	6.750%	6.792%
	1	6.500%	6.625%
	2	6.250%	6.456%
	3	6.000%	6.284%

30 Year Adjustable Rate Mortgages

TERM	POINTS	RATE	APR**
1 Year ARM	0	5.500%	5.431%
	1	5.250%	5.500%
	2	5.000%	5.700%
	3	4750%	5.642%
3/1 Year ARM	0	5.625%	5.481%
	1	5.375%	5.511%
	2	5.125%	5.542%
	3	4.875%	5.572%
5/1 Year ARM	0	5.750%	5.564%
	1	5.500%	5.560%
	2	5.250%	5.555%
	3	5.000%	5.551%
7/1 Year ARM	0	6.000%	5.737%
	1	5.750%	5.702%
	2	5.500%	5.668%
	3	5.250%	5.634%
10/1 Year Arm	0	6.250%	5.996%
	1	6.000%	5.924%
	2	5.750%	5.853%
	3	5.500%	5.781%

40 Year Adjustable Rate Mortgages

TERM	POINTS	RATE	APR**
1 Year ARM	0	5.750%	5.440%
	1	5.500%	5.498%
	2	5.250%	5.557%
	3	5.000%	5.617%
3/1 Year ARM	0	5.875%	5.517%
	1	5.625%	5.541%
	2	5.375%	5.566%
	3	5.125%	5.592%
5/1 Year ARM	0	6.000%	5.618%
	1	5.750%	5.613%
	2	5.500%	5.608%
	3	5.250%	5.603%
7/1 Year ARM	0	6.250%	5.796%
	1	6.000%	5.764%
	2	5.750%	5.733%
	3	5.500%	5.701%
10/1 Year Arm	0	6.500%	6.065%
	1	6.250%	5.998%
	2	6.000%	5.931%
	3	5.750%	5.865%

ALL ADJUSTABLE RATE MORTGAGES ABOVE HAVE A MARGIN OF 2.75% ADDED TO THE INDEX.

FEE SCHEDULE:

One Family - $500.00

2-4 Family - $650.00

Attorney Review Fee - $200.00 (Payable at closing)

NEW PRODUCT - PURCHASE ONLY -

10% DOWN & 10% WITH A HOME EQUITY LOAN AS A SECOND MORTGAGE TO AVOID PMI.

RATE FOR 2ND WILL BE 1 1/2% OVER THE CURRENT 30 YEAR HOME EQUITY LOAN

Purchases - 10% minimum down payment

PMI required on all loans above 80% loan to value.

Refinances - 80% loan to value required.

Condominium loans

Bi-weekly mortgages available - 15, 20, 30 year fixed rate terms. Payment deducted every 14 days from a Glen Rock Savings Bank checking account.

Investment Property Loans Available - Call for Rates.

Adjustable Rate Mortgages - All loans must be owner occupied 1-4 family dwellings.

All Adjustable Rate Mortgage loans have a margin of 2.75% added to index rate

$5,000 - $200,000 - 80% LTV less 1st Mortgage

$201,000 - $500,000 - 1st Lien - 75% LTV ~~~ Combined 1st & 2nd Lien - 70% LTV. Owner occupied only.

1st time homebuyer and affordable housing loans available.

Home Equity Loans

TERM	RATE	APR**	RATE PER $1000
5 Year Fixed	5.990%	6.115%	$19.33
10 Year Fixed	6.090%	6.157%	$11.15
15 Year Fixed	6.190%	6.237%	$ 8.54
20 Year Fixed	6.400%	6.438%	$ 7.40
25 Year Fixed-New	6.600%	6.633%	$ 6.81
30 Year Fixed-New	6.700%	6.729%	$ 6.45

**Calculation based on $100,000 loan

Home Equity Line of Credit

1% below prime with a floor of 4.00%**

**New Customers Only**

Current Prime Rate: 5.000%

Term of Loan: 15 year payout

New Product: Introducing our HELOC with new term of 240months

Maximum loan amount $200,000.

Loan up to 80% value of home, less first mortgage

Owner occupied only

$5,000 - $200,000 - 80% LTV less 1st Mortgage

$201,000 - $500,000 - 1st Lien - 75% LTV ~~~ Combined 1st & 2nd Lien - 70% LTV. Owner occupied only.

Investment Property Loans Available - Call for Rates.

AUTO LOANS

Maximum of $50,000.00

NEW	RATE	USED	RATE
3 Years	6.250%*	2 Years	6.750%*
4 Years	6.375%*	3 Years	7.000%*
5 Years	6.500%*	4 Years	7.250%*

NO APPLICATION OR PROCESSING FEES 15% DOWN PAYMENT ON NEW VEHICLES.

LOAN AMOUNT TO 75% LOWER OF COST OR BOOK VALUE

*THESE RATES ALSO REDUCED BY 1/4% IF PAYMENT IS AUTOMATICALLY DEDUCTED FROM A GRSB ACCOUNT.

Please note: The rates listed above are subject to change at any time without notice.