1st Colonial Bancorp 3rd Quarter Profit up 29 Percent

Share Name	Share Symbol	Market	Type
1st Colonial Bancorp Inc (PK)	USOTC:FCOB	OTCMarkets	Common Stock

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	-0.04	-0.25%	15.95	15.75	16.10	15.99	15.95	15.98	2,215	21:30:00

1st Colonial Bancorp (PK) (USOTC:FCOB)
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1st Colonial Bancorp, Inc. (OTCBB:FCOB), holding company of 1st Colonial National Bank, today announced that Third Quarter 2006 earnings rose 28.8% or $57,000. Net income for the three months ended September 30, 2006 was $255,000, compared to $198,000 for the three months ended September 30, 2005. Additionally, diluted earnings per share increased to $0.09 for the three month period ended September 30, 2006 from $0.07 for the three month period ended September 30, 2005. President Gerard Banmiller attributed the improvement in quarterly earnings to the continuing growth in deposits and loans from all three branch locations and an ongoing emphasis on cost controls to counteract tighter margins. At September 30, 2006, 1st Colonial reported $188.7�million in assets and $108.0�million in loans.�These amounts reflect an increase of $16.6�million in assets and $21.5�million in loans from September 30, 2005. Deposits were $159.8 million, an increase of $13.1 million or 8.9% from September 30, 2005. For the nine months ended September�30, 2006, 1st Colonial reported net income of $550,000, representing a $19,000 or 3.3% decrease over the same nine month period of the prior year. This decrease, which is largely due to increased expenses generated by the opening of our Cinnaminson, New Jersey branch in September 2005, caused diluted earnings per share to drop from $0.22 for the nine months ended September 30, 2005 to $.20 for the nine-month period ended September 30, 2006.�The earnings per share numbers for both periods have been adjusted to reflect the 5% stock dividend paid on April 15, 2006. Highlights as of September 30, 2006 and September 30, 2005, and comparing the three and nine months ended September�30, 2006 to the three and nine months ended September 30, 2005, respectively (all unaudited), include the following (dollars in thousands, except per share data): At September 30, 2006 At September 30, 2005 $ increase/ (decrease) % increase/ (decrease) � Total assets $ 188,694� $ 172,080� $ 16,614� 9.7% � Total loans 108,035� 86,520� 21,515� 24.9% � Total deposits 159,771� 146,711� 13,060� 8.9% � Shareholders' equity 20,477� 18,546� 1,931� 10.4% � � For the three months ended September 30, 2006 September 30, 2005 $ increase/ (decrease) % increase/ (decrease) � Net interest income $ 1,336� $ 1,175� $ 161� 13.7% � Provision for loan losses 65� 25� 40� 160.0% � Other income 140� 121� 19� 15.7% � Other expense 1,042� 980� 62� 6.3% � Net income 255� 198� 57� 28.8% � Earnings per share, diluted $ 0.09� $ 0.07� $ 0.02� 28.6% � � For the nine months ended September 30, 2006 September 30, 2005 $ increase/ (decrease) % increase/ (decrease) � Net interest income $ 3,706� $ 3,432� $ 274� 8.0% � Provision for loan losses 172� 130� 42� 32.3% � Other income 388� 288� 100� 34.7% � Other expense 3,123� 2,695� 428� 15.9% � Net income 550� 569� (19) -3.3% � Earnings per share, diluted $ 0.20� $ 0.22� $ (0.02) -9.1% � � At and for the nine months ended September 30, 2006 September 30, 2005 Key financial ratios Return on average assets (1) 0.41% 0.50% � Return on average equity (1) 3.68% 4.26% � Net interest margin 3.09% 3.26% � Efficiency ratio (1) (2) 76.28% 72.45% � Non-interest income/operating revenue 9.48% 7.74% � Non-performing assets/assets 0.11% 0.02% � Net charge offs/average loans (1) 0.03% 0.00% � Allowance for loan losses/loans 1.21% 1.27% � � (1) Annualized � (2) Efficiency ratio is total other expense divided by the sum of net interest income and total other income. � 1st Colonial National Bank, owned by holding company 1st Colonial Bancorp, opened in Collingswood in June 2000. The bank provides a range of business and consumer financial services, placing emphasis on customer service, access to decision makers and quick turnaround on credit applications. The second branch was opened in Westville in January 2003 and a third branch opened in Cinnaminson in September 2005. To learn more, call (856) 858-1100 or visit www.1stcolonial.com. This Release contains forward-looking statements that are not historical facts and include statements about management�s strategies and expectations about our business. There are risks and uncertainties that may cause our actual results and performance to be materially different from results indicated by these forward-looking statements. Factors that might cause a difference include economic conditions; changes in interest rates, deposit flows, loan demand, and real estate values; competition; changes in accounting principles, policies or guidelines; changes in laws or regulation; new technology and other factors affecting our operations, pricing, products and services. 1st Colonial Bancorp, Inc. (OTCBB:FCOB), holding company of 1st Colonial National Bank, today announced that Third Quarter 2006 earnings rose 28.8% or $57,000. Net income for the three months ended September 30, 2006 was $255,000, compared to $198,000 for the three months ended September 30, 2005. Additionally, diluted earnings per share increased to $0.09 for the three month period ended September 30, 2006 from $0.07 for the three month period ended September 30, 2005. President Gerard Banmiller attributed the improvement in quarterly earnings to the continuing growth in deposits and loans from all three branch locations and an ongoing emphasis on cost controls to counteract tighter margins. At September 30, 2006, 1st Colonial reported $188.7 million in assets and $108.0 million in loans. These amounts reflect an increase of $16.6 million in assets and $21.5 million in loans from September 30, 2005. Deposits were $159.8 million, an increase of $13.1 million or 8.9% from September 30, 2005. For the nine months ended September 30, 2006, 1st Colonial reported net income of $550,000, representing a $19,000 or 3.3% decrease over the same nine month period of the prior year. This decrease, which is largely due to increased expenses generated by the opening of our Cinnaminson, New Jersey branch in September 2005, caused diluted earnings per share to drop from $0.22 for the nine months ended September 30, 2005 to $.20 for the nine-month period ended September 30, 2006. The earnings per share numbers for both periods have been adjusted to reflect the 5% stock dividend paid on April 15, 2006. Highlights as of September 30, 2006 and September 30, 2005, and comparing the three and nine months ended September 30, 2006 to the three and nine months ended September 30, 2005, respectively (all unaudited), include the following (dollars in thousands, except per share data): -0- *T At At September 30, September 30, $ increase/ % increase/ 2006 2005 (decrease) (decrease) ------------- ------------- ------------ ----------- Total assets $188,694 $172,080 $16,614 9.7% Total loans 108,035 86,520 21,515 24.9% Total deposits 159,771 146,711 13,060 8.9% Shareholders' equity 20,477 18,546 1,931 10.4% For the three months ended ---------------------------------------------------- September 30, September 30, $ increase/ % increase/ 2006 2005 (decrease) (decrease) ------------- ------------- ------------ ----------- Net interest income $1,336 $1,175 $161 13.7% Provision for loan losses 65 25 40 160.0% Other income 140 121 19 15.7% Other expense 1,042 980 62 6.3% Net income 255 198 57 28.8% Earnings per share, diluted $0.09 $0.07 $0.02 28.6% For the nine months ended ---------------------------------------------------- September 30, September 30, $ increase/ % increase/ 2006 2005 (decrease) (decrease) ------------- ------------- ------------ ----------- Net interest income $3,706 $3,432 $274 8.0% Provision for loan losses 172 130 42 32.3% Other income 388 288 100 34.7% Other expense 3,123 2,695 428 15.9% Net income 550 569 (19) -3.3% Earnings per share, diluted $0.20 $0.22 $(0.02) -9.1% At and for the nine months ended --------------------------- September 30, September 30, 2006 2005 ------------- ------------- Key financial ratios Return on average assets (1) 0.41% 0.50% Return on average equity (1) 3.68% 4.26% Net interest margin 3.09% 3.26% Efficiency ratio (1) (2) 76.28% 72.45% Non-interest income/operating revenue 9.48% 7.74% Non-performing assets/assets 0.11% 0.02% Net charge offs/average loans (1) 0.03% 0.00% Allowance for loan losses/loans 1.21% 1.27% (1) Annualized (2) Efficiency ratio is total other expense divided by the sum of net interest income and total other income. ---------------------------------------------------------------------- *T 1st Colonial National Bank, owned by holding company 1st Colonial Bancorp, opened in Collingswood in June 2000. The bank provides a range of business and consumer financial services, placing emphasis on customer service, access to decision makers and quick turnaround on credit applications. The second branch was opened in Westville in January 2003 and a third branch opened in Cinnaminson in September 2005. To learn more, call (856) 858-1100 or visit www.1stcolonial.com. This Release contains forward-looking statements that are not historical facts and include statements about management's strategies and expectations about our business. There are risks and uncertainties that may cause our actual results and performance to be materially different from results indicated by these forward-looking statements. Factors that might cause a difference include economic conditions; changes in interest rates, deposit flows, loan demand, and real estate values; competition; changes in accounting principles, policies or guidelines; changes in laws or regulation; new technology and other factors affecting our operations, pricing, products and services.

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FCOB 1st Colonial Bancorp Inc (PK)