Investor Relations AMERICAN COMMUNITY BANCORP, INC. & SUBSIDIARY CONSOLIDATED BALANCE SHEETS       (Unaudited)     March 31,     2005     December 31,     2004     (Unaudited)     March 31,     2004   ASSETS Cash and due from banks $     5,144,173 $     3,412,850 $     3,073,824 Interest bearing balances with banks - 2,406,076 1,450,000 Federal funds sold 8,230,000 2,412,000 2,050,000     Total cash and cash equivalents 13,374,173 8,230,926 6,573,824 Securities available for sale, at fair value 12,731,521 13,602,753 16,143,825 Nonmarketable equity securities 757,750 677,000 626,600   Gross loans 147,089,114 137,587,122 110,519,779 Allowance for loan losses (2,241,200) (2,116,000) (1,638,500) Net loans 144,847,914 135,471,122 108,881,279   Premises and equipment 5,642,287 5,602,767 5,627,251 Other assets 1,787,053 2,049,534 1,618,728     Total assets $     179,140,698 $     165,634,102 $     139,471,507   LIABILITIES AND SHAREHOLDERS' EQUITY LIABILITIES: Deposits           Non-interest bearing $     18,398,009 $     13,427,677 $     13,903,197     Interest bearing 145,108,647 136,319,224 111,755,780     Total deposits 163,506,656 149,746,901 125,658,977 Federal funds purchased & other borrowed funds - 500,000 - Accrued expenses and other liabilities 312,682 441,468 425,687     Total liabilities 163,819,338 150,688,369 126,084,664   SHAREHOLDERS' EQUITY: Common stock, no par value, 3,000,000 shares authorized;     issued and outstanding 1,582,417, 1582,417 and 1,499,042 15,536,687 15,536,687 14,519,877 Accumulated deficit (28,554) (543,881) (1,241,957) Accumulated other comprehensive income (186,773) (47,073) 108,923     Total shareholders' equity 15,321,360 14,945,733 13,386,843     Total liabilities and shareholders' equity $     179,140,698 $     165,634,102 $     139,471,507