1. Base your answers on the following document, FORM 10-Q, For the quarterly period ended March 31, 2020, DIME COMMUNITY BANCSHARES, INC. https://www.sec.gov/Archives/edgar/data/1005409/000114036120011124/form10q.htm#CHANGESINSTOCKHOLDERSEQUI

The Net Charge-Offs for the three months ended March 31st, 20202 were between 3 and 3.5 times larger than the 3-month period ending March 31st 2019.

True/ False

2.Base your answers on the following document, FORM 10-Q, For the quarterly period ended March 31, 2020, DIME COMMUNITY BANCSHARES, INC.

https://www.sec.gov/Archives/edgar/data/1005409/000114036120011124/form10q.htm#CHANGESINSTOCKHOLDERSEQUI

According to the management of Dime Community Bancshares the reduction in the federal funds rate in response to the COVID-19 crisis will make the bank more profitable as the cost of funds declines.

True

False

3.Base your answers on the following document, FORM 10-Q, For the quarterly period ended March 31, 2020, DIME COMMUNITY BANCSHARES, INC.

https://www.sec.gov/Archives/edgar/data/1005409/000114036120011124/form10q.htm#CHANGESINSTOCKHOLDERSEQUI

The fee income of Dime Community Bancshares is likely going to increase because the CARES program entitles the bank to fee of 100 basis points per $1,000,000 of PPP loans made.

True

False

4.Base your answers on the following document, FORM 10-Q, For the quarterly period ended March 31, 2020, DIME COMMUNITY BANCSHARES, INC.

https://www.sec.gov/Archives/edgar/data/1005409/000114036120011124/form10q.htm#CHANGESINSTOCKHOLDERSEQUI

The operating expenses of Dime Community Bancshares will decline due to the COVID-19 crisis since the bank closed its branches to protect its employees.

True

False

5.Base your answers on the following document, FORM 10-Q, For the quarterly period ended March 31, 2020, DIME COMMUNITY BANCSHARES, INC.

https://www.sec.gov/Archives/edgar/data/1005409/000114036120011124/form10q.htm#CHANGESINSTOCKHOLDERSEQUI

Management of Dime Community Bancshares has enabled borrowers who have been adversely affected by the to defer interest and principal payments on their loans. This is consistent with he CARES ACT legislation. Borrowers are not obligated to make the deferred payments.

True

False