TOMS RIVER, N.J., Oct. 21 /PRNewswire-FirstCall/ -- Shore Community Bank (OTC:SHRC) (BULLETIN BOARD: SHRC) today reported net income of $262,922 for the third quarter of 2005, an 11.2 percent increase in earnings compared to $236,426 reported in the third quarter of 2004. On a diluted basis, earnings per share for the third quarter of 2005 were 19 cents compared to 20 cents for the third quarter of 2004. The Bank also reported net income of $716,766 for the nine months ended September 30, 2005, a 25.4 percent increase over the $571,617 reported in the same period a year ago. On a diluted basis, earnings per share for the first nine months of 2005 were 56 cents compared to 48 cents reported in the same period of 2004. Earnings per share for the quarter and year-to-date 2005 were impacted by the additional shares we issued as a result of our successful stock offering which was completed on September 1, 2005. Theodore D. Bessler, President and Chief Executive Officer stated, "The first nine months of the year has produced record earnings. Our exceptional loan and deposit growth continues to support our strategic objectives. We continue to be mindful of why we have been so successful in a very competitive environment. Service and paying close attention to our customers' needs, will continue to be our priority." The Bank's total assets at September 30, 2005 were $161.0 million compared to $120.2 million at September 30, 2004, representing a 33.9 percent increase in total assets. Total loans at September 30, 2005 stood at $114.2 million compared to $77.7 million at September 30, 2004, an increase of 47.0 percent. Total deposits grew 33.4 percent to $135.8 million at September 30, 2005 compared to $101.8 million at September 30, 2004. 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 as 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 of Shore Community Bank, +1-732-240-5800 Web site: http://www.shorecommunitybank.com/

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