1ST Constitution Bancorp Reports Operating Results for the Third Quarter and Nine Months Ended September 30, 2009

CRANBURY, NJ, Nov 02 (MARKET WIRE) --
1ST Constitution Bancorp (NASDAQ: FCCY), the parent company of 1ST
Constitution Bank, reported net income of $621,234 for the quarter ended
September 30, 2009, or $0.10 per diluted common share, compared to net
income of $782,394 for the quarter ended September 30, 2008, or $0.18 per
diluted common share.

For the nine months ended September 30, 2009, the Company reported net
income of $1,632,534, or $0.26 per diluted common share, compared with net
income of $2,302,437, or $0.54 per diluted common share, for the first
nine months of 2008.

At September 30, 2009, the Company's tangible book value per common share
was $10.73, up from $10.11 at September 30, 2008.

Earnings per common share for the third quarter of 2009 and for the nine
months ended September 30, 2009 reflect the impact of accrued dividends
and discount accretion on the preferred stock issued to the United States
Treasury on December 23, 2008. The 2008 per common share amounts have been
restated to give effect to a 5 percent stock dividend paid on common
shares on February 2, 2009.

Robert F. Mangano, President and Chief Executive Officer, said, "The
decline in net income for the quarter ended September 30, 2009 as compared
to the same quarter in 2008 was principally the result of increases in
non-interest expenses relating primarily to FDIC insurance premiums,
salaries and employee benefits, and an increased provision for loan
losses."

Interest income for the quarter ended September 30, 2009 increased to
$7,467,175, up $77,922, or 10.5 percent, from the $7,389,253 reported for
the third quarter of 2008. Further supporting earnings for the quarter was
the continued generation of non-interest income, which reached $1,233,197,
up $276,423, or 28.9 percent, above the same prior year quarter.

The provision for loan losses for the quarter ended September 30, 2009
totaled $505,000 compared to $175,000 for the same period last year. Net
charge-offs for the nine months ended September 30, 2009 were $865,850,
compared to $303,316 for the year ended December 31, 2008.

At September 30, 2009, the allowance for loan losses was $4,111,914, an
increase of $427,150 from December 31, 2008. The ratio of the allowance
for loan losses to total loans was 1.09 percent at September 30, 2009, and
0.98 percent at December 31, 2008.

Total assets at September 30, 2009 reached $667.6 million, representing an
increase of $121.3 million compared to total assets of $546.3 million at
December 31, 2008. Deposits at September 30, 2009 grew to $556.2 million,
up from $414.7 million at December 31, 2008.

At September 30, 2009 1ST Constitution Bank's capital ratios were all
above the levels required to be categorized as "well capitalized." The
Bank's total risk-based capital, Tier I risk-based capital, and leverage
capital ratios were 17.81 percent, 16.86 percent, and 11.09 percent,
respectively, at September 30, 2009. The regulatory requirements to be
considered "well capitalized" for total risk-based capital, Tier I
risk-based capital, and leverage capital ratios are 10 percent, 6
percent, and 5 percent, respectively.

1ST Constitution Bancorp, through its primary subsidiary, 1ST Constitution
Bank, operates eleven branch banking offices in Cranbury (2), Fort Lee,
Hamilton, Hightstown, Jamesburg, Montgomery, Perth Amboy, Plainsboro, West
Windsor and Princeton, New Jersey.

1ST Constitution Bancorp common stock is traded on the Nasdaq Global
Market under the trading symbol "FCCY." Information about 1ST Constitution
Bancorp can be accessed via the Internet at www.1STCONSTITUTION.com.

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, a higher level of net
loan charge-offs and delinquencies than anticipated, passage by Congress
of a law which unilaterally amends the terms of the Treasury's preferred
stock investment in 1ST Constitution Bancorp in a way that adversely
affects 1ST Constitution Bancorp, bank regulatory rules, regulations or
policies that restrict or direct certain actions, the adoption,
interpretation and implementation of new or pre-existing accounting
pronouncements, a change in legal and regulatory barriers including
issues related to compliance with anti-money laundering and bank secrecy
act laws, as well as the effects of general economic conditions and legal
and regulatory barriers and structure. 1ST Constitution Bancorp assumes
no obligation for updating any such forward-looking statements at any
time, except as required by law.

1st Constitution Bancorp
Selected Consolidated Financial Data
(unaudited)

($ in thousands except per
share amounts) Three Months Ended Nine Months Ended
September 30, September 30,
2009 2008 2009 2008
--------- --------- --------- ---------
Income Statement Data:
Interest income $ 7,467 $ 7,389 $ 22,473 $ 21,748
Interest expense 3,117 3,202 9,404 9,547
--------- --------- --------- ---------
Net interest income 4,350 4,187 13,069 12,201
Provision for loan losses 505 175 1,293 535
--------- --------- --------- ---------
Net interest income after
prov. for loan losses 3,845 4,012 11,776 11,666
Non-interest income 1,233 957 3,023 2,548
Non-interest expenses 4,350 3,909 13,162 10,940
--------- --------- --------- ---------
Income before income taxes 728 1,060 1,637 3,274
Income tax expense 107 278 4 972
--------- --------- --------- ---------
Net income 621 782 1,633 2,302
Preferred stock dividends and
accretion 177 0 543 0
--------- --------- --------- ---------
Net income available to common
shareholders $ 444 $ 782 $ 1,090 $ 2,302
========= ========= ========= =========

Balance Sheet Data:
Total Assets $ 667,641 $ 513,562
Loans, including loans held
for sale 392,510 374,934
Allowance for loan losses (4,112) (3,729)
Securities available for sale 133,257 87,064
Securities held to maturity 36,139 16,131
Deposits 556,173 390,577
Shareholders' Equity 57,903 43,069

Performance Ratios:
Return on average assets 0.38% 0.62% 0.36% 0.64%
Return on average equity 4.34% 7.39% 3.89% 7.36%
Net interest margin
(tax-equivalent basis) 2.87% 3.61% 3.09% 3.69%
Efficiency ratio 77.9% 76.0% 81.8% 74.2%

Asset Quality:
Loans past due over 90 days
and still accruing $ 6 $ 0
Nonaccrual loans 5,015 2,482
OREO property 2,711 5,007
Net charge-offs (recoveries) 866 154
Allowance for loan losses to
total loans 1.09% 1.03%
Nonperforming loans to total
loans 1.34% 0.66%

Per Common Share Data:
Earnings per share - Basic $ 0.10 $ 0.19 $ 0.26 $ 0.55
Earnings per share - Diluted $ 0.10 $ 0.18 $ 0.26 $ 0.54
Book value per share $ 10.89 $ 10.27
Tangible book value per share $ 10.73 $ 10.11

CONTACT:

Robert F. Mangano
President & Chief Executive Officer
(609) 655-4500

Joseph M. Reardon
Senior Vice President & Treasurer
(609) 655-4500

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