Exhibit 99
 
CONTACT:    
Robert F. Mangano
Joseph M. Reardon
 
President & Chief Executive Officer
Sr. Vice President & Treasurer
 
(609) 655-4500
(609) 655-4500

PRESS RELEASE  -  FOR IMMEDIATE RELEASE......

1ST CONSTITUTION BANCORP
REPORTS STRONG FOURTH  QUARTER AND ANNUAL RESULTS
FOR THE YEAR ENDED DECEMBER 31, 2011

Cranbury NJ – January 27, 2012....... 1
ST Constitution Bancorp (NASDAQ:  FCCY), the holding company for 1ST Constitution Bank, reported net income available to common shareholders for the fourth quarter of 2011 of $1.1 million, or $0.22 per diluted common share, compared to net income available to common shareholders for the fourth quarter of 2010 of $441 thousand, or $0.09 per diluted common share.
 
Net income available to common shareholders for the year ended December 31, 2011 was $3.9 million, or $0.77 per diluted common share, compared to $2.3 million, or $0.45 per diluted common share, for the year ended December 31, 2010.  All per share amounts have been adjusted to give effect to a five percent stock dividend declared December 15, 2011, payable on February 2, 2012 to shareholders of record as of the close of business on January 17, 2012.
 
Net income available to common shareholders for the quarter and year ended December 31, 2011, when compared to the same periods in 2010, increased by $658 thousand, or 149.2 percent, for the quarter ended December 31, 2011, and $1.6 million, or 72.0 percent, for the year ended December 31, 2011.  At December 31, 2011, the Company’s tangible book value per common share was $9.73.
 
Robert F. Mangano, President and Chief Executive Officer, said “The increase in net income available to common shareholders for the year ended December 31, 2011 was principally the result of an increase in net-interest income, the continued generation of non-interest income, partially offset by increased non-interest expense on a comparative basis commensurate with the growth of the Company.”
 
Net interest income was $23.1 million for the year ended December 31, 2011, which was 12.6 percent above the $20.5 million reported for the year ended December 31, 2010.  Earnings for the year ended December 31, 2011 were bolstered by the continued generation of non-interest income, which totaled $4.5 million for the year.  On a comparative basis, non-interest income for the year ended December 31, 2011 was up by $279 thousand when compared to results for the 2010 year.
 
The provision for loan losses for the year ended December 31, 2011 totaled $2.6 million, compared to $2.3 million for the year ended December 31, 2010.  Net charge-offs for the year ended December 31, 2011 were $2.8 million, compared to net charge-offs of $1.1 million for the year ended December 31, 2010.
 
 
 

The following information was filed by 1St Constitution Bancorp (FCCY) on Friday, January 27, 2012 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-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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