Investor Relations AMERICAN COMMUNITY BANCORP, INC. & SUBSIDIARY CONSOLIDATED STATEMENTS OF INCOME (Unaudited)   Three months ended March 30,   2005 2004 INTEREST INCOME: Interest and fees on loans $     2,148,664 $     1,313,625 Securities 138,953 160,582 Interest bearing balances with other banks 5,266 13,532 Federal funds sold 21,870 5,407 TOTAL INTEREST INCOME 2,314,753 1,493,146   INTEREST EXPENSE: Deposits 794,836 485,164 Federal funds purchased 855 123 FHLB advances 2,984 - TOTAL INTEREST EXPENSE 798,675 485,287     NET INTEREST INCOME 1,516,078 1,007,859 Provision for loan losses 125,200 140,000     NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 1,390,878 867,859   NON-INTEREST INCOME: Service charges on deposit accounts 36,172 20,442 Gain on sale of loans 142,794 77,379 Gain on sale of securities - 7,215 Other 127,855 49,232 TOTAL NON-INTEREST INCOME 306,821 154,268   NON-INTEREST EXPENSE: Salaries and benefits 648,479 521,514 Occupancy and equipment 129,964 95,839 Marketing 20,261 17,107 Data processing 70,409 58,597 Supplies, printing and delivery expense 24,739 16,091 Legal and professional 57,736 88,549 Other 230,785 104,083 TOTAL NON-INTEREST EXPENSE 1,182,373 901,780     INCOME BEFORE INCOME TAXES 515,326 120,347 Income taxes - -     NET INCOME $     515,326 $     120,347     BASIC EARNINGS PER SHARE $     0.33 $     0.08 DILUTED EARNINGS PER SHARE $     0.31 $     0.08   AVERAGE SHARES OUTSTANDING 1,582,417 1,499,042 AVERAGE DILUTED SHARES OUTSTANDING 1,653,930 1,526,809