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NATIONAL COMMUNITY BANKS REPORTS EARNINGS

 NATIONAL COMMUNITY BANKS REPORTS EARNINGS
 WEST PATERSON, N.J., Oct. 7 /PRNewswire/ -- National Community


Banks, Inc. (NASDAQ: NCBR) reported that third quarter earnings increased 112 percent to $6.6 million or 56 cents per common share on a fully diluted basis, as compared with $3.1 million or 30 cents per common share for the third quarter of 1991. For the full nine months of 1992, earnings were $16.7 million or $1.52 per common share on a fully diluted basis as compared with $9.2 million or 89 cents per share for the same period in 1991. On a fully diluted basis, earnings per share for the nine months and three months ended Sept. 30, 1992 increased 71 percent and 87 percent, respectively, over the comparable prior year periods.
 Robert M. Kossick, chairman of the board and chief executive officer, stated "NCBR's improved performance primarily resulted from an increase in core earnings which reached historical highs. These earnings stem from: a strong, lower cost deposit base which generated a net-interest margin of 5.14 percent for the third quarter of 1992; service fee income growth of 9 percent over the third quarter of last year; and continued effective control of operating costs. Earnings were also enhanced by a reduction in the provision for loan losses made possible by an improvement in asset quality."
 Mr. Kossick further stated "We are pleased with our third quarter results in that NCBR demonstrated progress in terms of earnings, asset quality and growth of capital." From Sept. 30, 1991 to Sept. 30, 1992, non-performing assets declined from $184 million to $156 million, a 15 percent decrease. The ratio of non-performing assets to total assets declined to 3.9 percent at Sept. 30, 1992, the lowest level since Dec. 31, 1990. Non-performing loans declined from $93 million at Sept. 30, 1991 to $73 million at Sept. 30, 1992, a 21 percent decrease. The Allowance for Loan and Lease Loss coverage of non-performing loans increased from 84 percent one year ago to 104 percent at Sept. 30, 1992. The allowance stood at 3.34 percent of total loans as compared with 3.07 one year ago.
 At Sept. 30, 1992, total assets were $4.003 billion as compared with $3.949 billion one year ago. Loans decreased 11 percent from a year ago, while deposits remained relatively level at $3.637 billion. Deposit composition remained favorable as demand deposits and "core deposits" were 31 percent and 97 percent, respectively, of total deposits at Sept. 30, 1992 as compared with 28 percent and 96 percent , respectively, one year ago. "Core deposits" consist of demand, money market, savings, and time deposits of less than $100 thousand.
 Over the last 12 months, NCBR's capital grew 20 percent to $255 million. At Sept. 30, 1992, the company's leverage capital ratio of equity capital to average quarterly assets stood at 6.44 percent as compared with 5.37 percent one year ago. Tier I and combined Tier I and Tier II risk adjusted capital ratios at Sept. 30, 1992 were 10.27 percent and 11.55 percent, respectively, versus 7.64 percent and 8.91 percent, respectively, at Sept. 30, 1991. Book value per common share increased by 5 percent from $20.46 on Sept. 30, 1991 to $21.39 on Sept. 30, 1992.
 National Community Banks, Inc. serves New Jersey with 117 facilities in 13 counties.
 -0- 10/7/92
 /CONTACT: Anthony J. Franchina (financial), executive vice president and treasurer, 201-357-7106, or Arthur C. Ramirez (media), first senior vice president, 201-357-7109, both of National Community Banks/
 (NCBR) CO: National Community Banks, Inc. ST: New Jersey IN: FIN SU: ERN


LD-SH -- NY047 -- 7567 10/07/92 16:10 EDT
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Date:Oct 7, 1992
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