PRESS RELEASE

FOR IMMEDIATE RELEASE

For Further Information Contact

American Community Bancshares, Inc.

Mr. Randy P. Helton, President and CEO

Phone: 704-225-8444

AMERICAN COMMUNITY BANCSHARES, INC. ANNOUNCES

A QUARTERLY EARNINGS INCREASE OF ONE HUNDRED

TWENTY-NINE PERCENT

October 22, 2007. Charlotte, North Carolina: American Community Bancshares, Inc. (NASDAQ Stock Market: ACBA), the holding company for American Community Bank, announced unaudited earnings for the three months ended September 30, 2007 of $1,400,000, a 129.1% increase from unaudited earnings for the same period in 2006. Earnings for the third quarter 2007 were positively impacted by a $24.2 million increase in average earning assets. The Company continued to show a solid net interest margin at 4.22% for the quarter ended September 30, 2007 although it decreased slightly from 4.25% in 2006. Diluted earnings per share increased to $0.21 per share for the three months ended September 30, 2007 from $0.09 per share for the same period in 2006. The annualized return on average assets for the three months ending September 30, 2007 was 1.11% with a return on average equity of 10.28% as compared to 0.52% and 4.59%, respectively for the same period in 2006.

Earnings in the third quarter were also positively impacted as the Company recorded a $1,374,000 decrease in its provision for loan losses for the quarter ended September 30, 2007 as compared to the same period in 2006. The provision for loan losses for the third quarter of 2006 was primarily related to losses in the Bank’s discontinued leasing portfolio. Since that time, the leasing portfolio has paid down to a balance of approximately $4.9 million at September 30, 2007 from $10.0 million at September 30, 2006. In addition, nonperforming loans and leases (defined as non-accrual loans and leases plus loans and leases 90 days delinquent and still accruing) decreased 55.2% to a balance of $1.4 million at September 30, 2007 from a balance of $3.1 million at September 30, 2006. Nonperforming loans and leases as a percentage of total loans decreased to 0.37% at September 30, 2007 from 0.84% at September 30, 2006.


The following information was filed by American Community Bancshares Inc on Friday, October 26, 2007 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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