Shore Community Bank Announces Second Quarter Earnings

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,

[phone]



Web site:  http://www.shorecommunitybank.com/ 

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