ITEM 2.02. Results of Operations and Financial Condition

On October 22, 2008, Lincoln Bancorp announced by press release its earnings and results of operations as of and for the three and nine months ended September 30, 2008. A copy of the press release is attached as Exhibit 99.1 to this Report and incorporated by reference herein.

Lincoln Bancorp's management believes that the inclusion in the press release of the non-GAAP financial measures of earnings and earnings per share excluding merger related charges and goodwill elimination is useful to investors because it allows investors to draw more meaningful comparisons with Lincoln Bancorp's financial results for the prior year and more accurately evaluate the current performance and condition of the company.