1st Colonial Bancorp Fourth Quarter Profit Up 52 Percent.

COLLINGSWOOD, N.J. -- 1st Colonial Bancorp, Inc. (OTC: FCOB), holding company of 1st Colonial National Bank, today announced that fourth quarter 2006 earnings rose 52.4% or $75,000. Net income for the three months ended December 31, 2006 was $218,000 compared to $143,000 for the three months ended December 31, 2005. Additionally, diluted earnings per share increased to $0.08 for the three month period ended December 31, 2006 from $0.06 for the three month period ended December 31, 2005. Earnings per share for 2005 has been adjusted to reflect the 5% stock dividend paid on April 15, 2006.

For the quarter, 1st Colonial's other expenses were $104,000 less than the fourth quarter of 2005 due to increased emphasis on cost controls. Advertising expense decreased by 131.0%, accounting for $48,000 of the decrease. In addition, net interest income increased $72,000 due to increased loan balances, and 1st Colonial decreased its loan loss provision by $44,000 as a result of the effects of the Bank's continued attention to credit quality.

At December 31, 2006, 1st Colonial reported $184.8 million in assets and $111.5 million in loans. These amounts reflect an increase of $20.6 million in assets and $18.3 million in loans from December 31, 2005. Deposits were $156.8 million, an increase of $22.6 million or 16.9% from December 31, 2005.

For the year ended December 31, 2006, 1st Colonial reported net income of $769,000, representing a $57,000 or 8.0% increase over the prior year. Diluted earnings per share for the years ended December 31, 2006 and December 31, 2005 were $0.28. The earnings per share numbers for both periods have been adjusted to reflect the 5% stock dividend paid on April 15, 2006.

For the year ended December 31, 2006, net interest income increased by $346,000, or 7.4%, as average loan balances for the year increased by $18.0 million. Other income also increased by $98,000. The increase in income from bank-owned life insurance accounted for $95,200 of this amount. Other expenses increased 8.5% or $324,000 for the year ended December 31, 2006. Our Cinnaminson office was opened for the entire year in 2006 compared to four months in 2005. This accounted for $174,300 of the increase. The remaining increases were growth and volume related. Data processing increased 19.0% or $63,900 from the prior period. Salaries and benefits for the non-Cinnaminson staff increased $128,000 or 7.8%.

Highlights as of December 31, 2006 and December 31, 2005, and comparing the three and twelve months ended December 31, 2006 to the three and twelve months ended December 31, 2005, respectively, include the following (dollars in thousands, except per share data):

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(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 [phone] 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.