American Community Bancorp Inc. expected to Report Fiscal Year 2009 Results on February 1, 2010. This event was calculated by Capital IQ (Created on October 30, 2009).

American Community Bancorp Inc. announced consolidated unaudited earnings results for the third quarter and nine months ended September 30, 2009. The company reported consolidated net income for the third quarter of 2009 of $335,779, a decrease of 47.8% over the same quarter in 2008. During the third quarter of 2008, the Company sold its merchant processing line of business for a pre-tax gain of $675,000. Adjusted for the one-time gain in 2008, net income was $90,484, or 36.9% higher than the same quarter a year ago. Diluted earnings per share were $0.16 and $0.32 for the third quarter of 2009 and 2008, respectively. Total revenues, consisting of net interest income and non interest income, were $2,499,100 for the third quarter of 2009, which was $905,844, or 26.6%, lower than the same period last year. Excluding 2008 merchant processing related revenue, total revenues for the third quarter were only $29,490, or 1.2%, less than the same quarter last year. Net interest income was $2,249,474 for the third quarter of 2009, decreasing $70,787, or 3.1%, over the same quarter of 2008. The increase is primarily from higher gains on the sale of loans resulting from residential mortgage refinancing activity. Income before income taxes was $569,379 compared to $1,094,445 for the same period a year ago. For the first nine months of 2009, consolidated net income was $648,377 compared to net income of $1,478,125 for the first nine months of 2008. Net income for 2009 includes $133,215 in pre-tax expense related to the FDIC's special deposit insurance assessment levied on all FDIC-insured financial institutions. Diluted earnings per share for the first nine months of 2009 and 2008 were $0.32 and $0.73, respectively. Exclusive of the merchant processing line of business, diluted earnings per share for the first nine months of 2008 would have been $0.53. Total revenues for the first nine months of 2009 were $7,290,927, decreasing $1,312,816, or 15.3%, compared to the same period in the prior year. Net interest income for the first nine months of 2009 was $6,447,492, which was $281,208, or 4.2%, lower than the $6,728,700 reported for the first nine months of 2008. Year over year comparisons for total revenues and non interest income are similarly impacted to the quarter over quarter comparisons as a result of the sale of the merchant processing portfolio in 2008. Income before income taxes was $1,115,477 compared to $2,503,425 for the same period a year ago.

American Community Bancorp Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported net income of $8,636 compared to net income of $472,995 for the same quarter in 2008. Diluted earnings per share, adjusted for the 5% stock dividend declared in April 2009, were $0.00 and $0.23 for the second quarter of 2009 and 2008, respectively. The company's earnings for the second quarter of 2009 were negatively impacted by two transactions. First, the company expensed $133,215 in June on a pre-tax basis to record the Federal Deposit Insurance Corporation's special deposit insurance assessment levied on all FDIC-insured financial institutions. The assessment amount is different for all banks, and is calculated by the FDIC based on a formula that considers levels of deposits, assets, and capital. Second, as previously disclosed in the company's 2008 annual report, the company was involved in litigation over disputed ownership of certain certificates of deposit owned by loan customers of the Bank, and pledged to secure loans through the Bank and another creditor. Income before income taxes was $28,736 compared to $794,095 reported a year ago. Total revenues, consisting of net interest income and non interest income, were $2,495,767, which was $237,988 or 8.7% lower than the same period last year. Net interest income was $2,182,072, decreasing $157,009 or 6.7% over $2,339,081 for the same quarter of 2008. The decrease in net interest income for the second quarter of 2009 over the same quarter in the prior year was attributable to the historically low interest rate environment that currently exists, the reduction in average loan balances outstanding during the current quarter compared to the same quarter last year, and an increase in non-performing loans. The company reported return on average assets of 0.01% and return on average common equity of 0.16% compared to return on average assets of 0.67% and return on average common equity of 9.27% reported a year ago. Total interest income was $3,430,131 compared to $4,096,211 reported a year ago. For the first six months of 2009, net income was $312,598 compared to $834,580 for the first six months of 2008, a decrease of 62.5%. Diluted earnings per share, adjusted for the 5% stock dividend declared in April 2009, were $0.15, compared to $0.41 for the same period in 2008. Total revenues were $4,791,827, decreasing $406,972 or 7.8% compared to the same period in the prior year. After adjusting for the sold merchant processing line of business, the decrease was only $12,087 or 0.3%. Net interest income was $4,198,018, which was $210,421 or 4.8% lower than the $4,408,439 reported for the first six months of 2008. Income before income taxes was $546,098 compared to $1,408,980 reported a year ago. Total interest income was $6,873,345 compared to $8,344,848 reported a year ago.