Robert F. Mangano, President & Chief Executive Officer
Joseph M. Reardon, Senior Vice President & Treasurer

(609) 655-4500



Cranbury NJ – January 25, 2005....... 1ST Constitution Bancorp (NASDAQ: FCCY) reported record net income for the year ended December 31, 2004. For the year ended December 31, 2004, net income reached $3,837,714, or $1.13 cents per diluted share. These results represent a 18.9 percent increase in earnings and a 20.2 percent increase in diluted earnings per share compared to net income of $3,228,500, or $0.94 cents per diluted share reported last year.

For the quarter ending December 31, 2004, net income increased to $1,075,111, or $0.32 cents per diluted share, up 23.2 percent compared to net income of $872,873, or $0.27 cents per diluted share reported in the fourth quarter of last year. All per share amounts have been adjusted to give effect to a five percent stock dividend to stockholders declared December 16, 2004, and a two–for-one common stock split which was declared by 1ST Constitution Bancorp’s Board of Directors on January 20, 2005.

For the year ended December 31, 2004, returns on average equity and average assets were 15.54 percent and 1.22 percent respectively, compared with 14.85 percent and 1.18 percent achieved in 2003.

Net interest income increased by $2,457,693, or 24.5 percent for the year 2004 when compared to last year’s results. Also bolstering earnings for 2004 was a 6.5 percent increase in non-interest income which totaled $2,557,242 for the year, compared to $2,401,349 earned in 2003.

At December 31, 2004, total assets reached $336.8 million, an increase of $43.3 million from total assets at December 31, 2003. Deposits at December 31, 2004 grew to $276.9 million, up from $245.4 million at December 31, 2003.

Robert F. Mangano, President and Chief Executive Officer, attributes higher earnings primarily to management’s ability to broaden its core deposit base, growth in 1ST Constitution Bank’s loan portfolio along all product lines, and continued generation of fee income primarily associated with the company’s residential mortgage origination business and its small business lending activities through the Small Business Loan Administration.

1ST Constitution Bancorp, through its primary subsidiary, 1ST Constitution Bank, has total assets of $336.8 million and operates nine branch banking offices in Cranbury (2), Hamilton, Jamesburg, Montgomery, Perth Amboy, Plainsboro, West Windsor and Princeton, and a loan production office in Fort Lee, New Jersey.

1ST Constitution Bancorp is traded on the Nasdaq National Market under the trading symbol “FCCY”, and can be accessed through the Internet at

The foregoing contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are not historical facts and include expressions about management’s confidence and strategies and management’s expectations about new and existing programs and products, relationships, opportunities, taxation, technology and market conditions. These statements may be identified by such forward-looking terminology as “expect,” “look,” “believe,” “anticipate,” “may,” “will,” or similar statements or variations of such terms. Actual results may differ materially from such forward-looking statements. Factors that may cause results to differ materially from such forward-looking statements include, but are not limited to, changes in the direction of the economy in New Jersey, the direction of interest rates, effective income tax rates, loan prepayment assumptions, continued levels of loan quality and origination volume, continued relationships with major customers including sources for loans, as well as the effects of general economic conditions and legal and regulatory barriers and structure. 1ST Constitution assumes no obligation for updating any such forward-looking statements at any time.

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Deposits at FDIC insured institutions are now insured up to at least $250,000 per depositor through December 31, 2013. On January 1, 2014 the standard insurance amount will return to $100,000 per depositor for all account categories except for IRA's and other certain retirement accounts will remain at $250,000. (This supersedes the October 2, 2008 changes.) 1st Constitution Bank is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 2009, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules.

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