Investor Relations AMERICAN COMMUNITY BANCORP, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) Three Months ended June 30, Six Months ended June 30, 2005 2004 2005 2004 INTEREST INCOME: Interest and fees on loans $2,518,491 $1,431,816 $4,667,154 $2,745,441 Securities 131,549 162,199 270,501 322,781 Interest bearing balances with other banks 22 7,983 5,288 21,515 Federal funds sold 37,135 3,047 59,004 8,454 TOTAL INTEREST INCOME 2,687,197 1,605,045 5,001,947 3,098,191 INTEREST EXPENSE: Deposits 1,034,207 517,655 1,829,043 1,002,819 Federal funds purchased - 297 855 420 Long term debt 41,804 - 41,804 - FHLB advances - 948 2,984 948 TOTAL INTEREST EXPENSE 1,076,011 518,900 1,874,686 1,004,187 NET INTEREST INCOME 1,611,186 1,086,145 3,127,261 2,094,004 Provision for loan losses 259,900 119,179 385,100 259,179 NET INTEREST INCOME AFTER   PROVISION FOR LOAN LOSSES 1,351,286 966,966 2,742,161 1,834,825 NON INTEREST INCOME Service charges on deposit accounts 46,671 24,572 82,844 43,986 Gain on sale of loans 125,035 122,013 267,830 199,392 Gain on sale of securities - - - 7,215 Other 127,395 66,769 255,248 117,029 TOTAL NON INTEREST INCOME 299,101 213,354 605,922 367,622 NON INTEREST EXPENSE Salaries and benefits 639,253 585,319 1,287,732 1,106,833 Occupancy and equipment 138,446 107,895 268,411 203,734 Marketing 18,748 22,454 39,009 39,561 Data processing 70,407 53,471 140,815 105,229 Supplies, printing and delivery expense 17,080 20,013 41,820 36,104 Legal and professional 45,422 61,181 103,159 149,730 Other 228,396 169,515 459,176 280,437 TOTAL NON INTEREST EXPENSE 1,157,752 1,019,848 2,340,122 1,921,628   INCOME BEFORE INCOME TAXES 492,635 160,472 1,007,961 280,819 Income taxes 163,300 - 163,300 - NET INCOME 329,335 160,472 844,661 280,819 BASIC EARNINGS PER SHARE $0.21 $0.11 $0.53 $0.19 DILUTED EARNINGS PER SHARE $0.20 $0.10 $0.51 $0.18 AVERAGE SHARES OUTSTANDING 1,587,256 1,499,042 1,584,836 1,499,042 AVERAGE DILUTED SHARES OUTSTANDING 1,678,257 1,548,577 1,666,093 1,537,683