Shore Community Bank Announces Second Quarter Earnings TOMS RIVER, N.J., July 15 /PRNewswire-FirstCall/ -- Shore Community Bank (OTC:SHRC) (BULLETIN BOARD: SHRC) today reported net income of $255,867 for the second quarter of 2005, a 31.2 percent increase in earnings over the $195,033 reported in the second quarter of 2004. On a diluted basis, earnings per share for the second quarter of 2005 were 21 cents compared to 16 cents for the second quarter of 2004. The Bank also reported net income of $453,844 for the six months ended June 30, 2005, a 35.4 percent increase over the $335,191 reported in the same period a year ago. On a diluted basis, earnings per share for the first half of 2005 were 37 cents compared to 28 cents reported in the first half of 2004. Theodore D. Bessler, President and Chief Executive Officer stated, "The first half of the year has produced the best earnings record thus far. We have exceeded all budgetary goals. Thanks to the outstanding performance of our associates, advisory board and board of directors who contribute their time, energy and professionalism in making our financial results exceed our expectations." The Bank's total assets at June 30, 2005 were $151.5 million compared to $116.9 million at June 30, 2004, representing a 29.6 percent increase in total assets. Total loans at June 30, 2005 stood at $103.5 million compared to $73.8 million at June 30, 2004, an increase of 40.2 percent. Total deposits grew 33.3 percent to $132.3 million at June 30, 2005 compared to $99.2 million at June 30, 2004. Mr. Bessler stated, "Our new corporate headquarters has moved the bank to another level of service. Loan and deposit growth, along with strong banking relationships with our local customers who demand the attention they deserve, has definitely helped us succeed in a very competitive marketplace. The Bank will continue to focus on 'one-on-one' banking and future branch sites to expand our market share within the county." Shore Community Bank is traded on the OTCBB (Over the Counter Bulletin Board) under the symbol SHRC. Shore Community Bank operates four banking offices, three located in Toms River and one in Ortley Beach. The Bank was founded in 1997 by a group of local business leaders to return community-based banking to the Toms River area. Information in this release relating to Shore Community Bank's future prospects which are forward-looking statements involve risks and uncertainties that could cause actual results to differ materially, including, but not limited to, the following: (1) operating, legal and regulatory risks, such as continued levels of loan quality and origination volume, continued relationships with major customers and technological changes; (2) economic, political and competitive forces affecting our banking business, such us changes in economic conditions, especially in our market area, interest rate fluctuations, competitive product and pricing pressures within our market, personal and corporate bankruptcies, monetary policy and inflation; (3) our ability to grow internally or through acquisitions; and (4) the risk that management's analyses of these risks and forces could be incorrect and/or that the strategies developed to address them could be unsuccessful. Forward- looking statements may be identified by the use of words such as "expects," "believe," "will," "intends," "will be" or "would." Shore Community Bank assumes no obligation to update the forward-looking information in this announcement, except as required under applicable law. DATASOURCE: Shore Community Bank CONTACT: Robert T. English, EVP/CFO/COO, Shore Community Bank, +1-732-240-5800 Web site: http://www.shorecommunitybank.com/

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