UNDERSTANDING OUR MARKETS enhances our net interest margins. Retail deposits  are also expected to help insulate our overall interest costs in the event that  interest rates rise. As we look to the future, we remain focused on steadily expanding our consumer banking franchise. In order to achieve this goal, we will continue to do the very same things that have made us successful over the past few years, which are to: maintain deep ties with our communities and customers; develop and implement marketing campaigns aimed at gathering retail deposits; maximize the potential of our CRM system; continue our branch renovation program, launched during 2002; and add new product offerings and services to meet the changing needs of our customers. Growth in retail deposits  is important because it  represents a significant source of low-cost funding  for Dime Savings’ lending activities. Relationship Banker Gerie Fairfull (left) and Branch Manager Jean-Marie Augugliaro contribute to the community spirit of the Annual Merrick Street Fair. We’re always proud to be a part of the team, as evidenced by our sponsorship of community basketball tournaments. “ In many respects this was the heart of Brooklyn. Whatever took place  in the rest of the world seemed insignificant, as long 14