Hudson City Bancorp Inc.'s fourth-quarter earnings rose 9.9% although nonperforming loans, charge-offs and provisions for credit losses all rose, but deposits rose by a third from a year ago, while borrowings declined slightly.

Chief Executive Ronald E. Hermance Jr. said the company is well-positioned in 2010 for improvement in financial and housing markets and the economy overall. The New Jersey-based bank for the most part weathered the financial crisis by avoiding writing the risky loans that lead to high default rates for many of its competitors.

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