COMMUNITY BANK OF BERGEN COUNTY, NJ REPORTS FIRST QUARTER 2016 NET INCOME OF $0.23 PER SHARE

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1 COMMUNITY BANK OF BERGEN COUNTY, NJ REPORTS FIRST QUARTER 2016 NET INCOME OF $0.23 PER SHARE MAYWOOD, N.J., April 21, 2016 Community Bank of Bergen County, NJ (OTCPink: CMTB) reported net income for the first quarter of 2016 of $401,000, or $0.23 per diluted share, a slight increase over net income of $384,000, or $0.22 per diluted share, for the first quarter of Net interest income for the first quarter of 2016 increased by $168,000 over the same period last year. Total interest income rose $155,000 over the first quarter of 2015, largely the result of several non-accruing loans being brought current. In addition, interest expense decreased by $13,000 this quarter in comparison to the first quarter of While the average balances of interest paying deposits increased this quarter over the same quarter in 2015 ($232,294,000 for the first quarter of 2016 vs. $215,220,000 for the first quarter of 2015), the cost of funds was significantly less (0.82 percent in 2016 vs percent in 2015). Additionally, average non-interest paying deposits grew from $52,626,000 for the first quarter of 2015 to an average of $57,126,000. First quarter 2016 results included: a $75,000 increase in the provision for loan losses over the same quarter last year; $14,000 lower deposit account fee income; $26,000 increased losses on the disposition of OREO properties; increases of $76,000 in salaries and benefits; and an increase of $24,000, all of which more than offset the increase in net interest income in the first quarter of However, a $53,000 reduction in the cost of maintaining premises and fixed assets due to a mild winter and a slight reduction in income taxes allowed net income to improve compared to first quarter We are very pleased with our quarterly results, and once again, we exceeded our plan goals in this extremely competitive local banking environment, said Peter A. Michelotti, the Bank s President & CEO. Loan demand remains strong, and we continue to achieve smart, steady growth. The Bank s total assets at March 31, 2016 increased by $2.4 million from December 31, 2015 mainly due to increases in loans of $4.7 million offset by reductions of $2.0 million in borrowed funds.

2 Beginning at December 31, 2015 the OREO portfolio listed six properties totaling $1.1 million. During the first quarter of 2016, one property was sold at a total loss of $44,000, a second property was sold after sustaining a write-down to the allowance for loan losses of $64,000, and an additional loss of $5,000 was incurred on a property sold during the fourth quarter of In addition, the Bank is continuing to mitigate its high level of problem loans with a diligent work out process. During the quarter, there was a decrease in total delinquent loans from $9.4 million at year end 2015 to $7.5 million at March 31, At March 31, 2016, the ratio of non-accruing loans to total loans was 2.07 percent compared to 3.30 percent reported at December 31, During the first quarter of 2016, we continued to resolve more of our legacy problem assets, and we experienced strong improvement in all of our capital ratios and asset quality metrics, said Michelotti. The Bank s capital closed this quarter at $28,651,000, up from the $27,949,000, reported at December 31, 2015, with book value per share at $16.43 as compared to $16.03 at December 31, The Bank remains well capitalized as defined under all regulatory guidance.

3 COMMUNITY BANK OF BERGEN COUNTY, NJ AND SUBSIDARIES SUMMARY FINANCIAL HIGHLIGHTS ( in Thousands, Except Percentages and Per Share Data) Financial Highlights: Symbol CMTB 52 week range Financial Data - Year to date $9.87-$12.60 At March 31, At December 31, Balance Sheet Highlights Total securities $65,425 $66,078 Total loans $235,933 $231,233 Allowance for loan losses $3,086 $3,413 Total assets $328,691 $326,259 Total deposits $290,401 $290,803 Total liabilities $300,040 $298,310 Total shareholders' equity $28,651 $27,949 Financial data -Year to date For the three months ended March 31, 2016 For the three months ended March 31, 2015 Net Interest income $2,743 $2,575 Provision for loan losses $100 $25 Loss on sale of OREO ($49) ($23) Total other income $145 $161 Total other expenses $2,196 $2,149 Income before provision for income taxes $543 $539 Provision for income taxes $142 $155 Net income after tax $401 $384 Other Earnings Information Earnings per share $0.23 $0.22 Return on Assets 0.49% 0.47% Share Information At March 31, At December 31, Market price per share $11.40 $11.00 Book Value per common share $16.43 $16.03 Outstanding Shares -period ending 1,743,618 1,743,618 Capital ratios Total equity to total assets 8.72% 8.57% Tier 1 leverage ratio 8.29% 7.85% Common equity tier 1 capital ratio 13.42% 12.88% Tier 1 capital ratio 13.42% 12.88% Total capital ratio 14.68% 14.15% Asset Quality and Ratios Other Real Estate Owned (OREO) $542 $1,134 Non-acccrual loans $4,892 $7,630 Troubled debt restructured loans ("TDRs") $2,558 $2,716 Non-accruing loans/total loans 2.07% 3.30% Allowance for loan loss/total loans 1.31% 1.47% Allowance for loan loss/non-accrual loans 63% 45% 1

4 COMMUNITY BANK OF BERGEN COUNTY, NJ AND SUBSIDIARY CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION March 31, 2016 December 31, 2015 () () Assets Cash and balances due from depository institutions: Dollars in Thousands Dollars in Thousands Non-interest-bearing balances and currency and coin... $ 3,197 $ 2,825 Interest-bearing balances... 8,104 9,451 Securities Available-for-sale securities... 65,425 66,078 Loans and lease financing receivables: Loans and leases, net of unearned income... $ 235,933 $ 231,233 LESS: Allowance for loan and lease losses... 3,086 3,413 Loans and leases, net of allowance , ,820 Premises and fixed assets (including capitalized leases)... 5,878 5,942 Other Real Estate Owned ,134 Other assets... 12,698 13,009 Total Assets... $ 328,691 $ 326,259 Liabilities Deposits: Interest-bearing... $ 230,959 $ 236,395 Non-interest-bearing... 59,442 54,408 Total deposits , ,803 Borrowed funds... 8,000 6,000 Other liabilities... 1,639 1,507 Total Liabilities , ,310 Equity Capital Common Stock: par value $5.00; 5,000,000 and 1,800,000 shares authorized; 1,743,618 shares issued and outstanding, respectively 8,718 8,718 Surplus... 4,170 4,170 Retained earnings... 15,220 14,819 Accumulated other comprehensive income Total Equity Capital... 28,651 27,949 Total Liabilities, and Equity Capital... $ 328,691 $ 326,259 Capital Ratios: Capital to Asset ratio 8.72% 8.57% Tier 1 leverage ratio 8.29% 7.85% Common equity tier 1 capital ratio 13.42% 12.88% Tier 1 risk-based capital ratio 13.42% 12.88% Total risk-based capital ratio 14.68% 14.15% 1

5 COMMUNITY BANK OF BERGEN COUNTY, NJ AND SUBSIDIARY CONSOLIDATED STATEMENTS OF INCOME Quarters Ended March 31, () Income Statement Dollars in Thousands Interest and fee income: Interest and fee income on loans... $ 2,959 $ 2,877 Interest income on balances due from depository institution 13 2 Interest and dividend income on securities Other interest income Total Interest and fee income... 3,232 3,077 Interest Expense: Interest on deposits Interest on borrowed funds Total Interest expense Net Interest Income... 2,743 2,575 Provision for Loan Losses Non-Interest Income: Service charges on deposit accounts Net loss on sale of real estate owned... (49) (23) Income on bank owned life insurance Other non-interest income Total non-interest income Realized gains on securities Non-interest expenses Salaries and employee benefits... 1,164 1,088 Expenses on premises and fixed assets Other non-interest expenses Total non-interest expenses... 2,196 2,149 Income before Income taxes: Income taxes Net Income... $ 401 $ 384 Earnings per Share. $ 0.23 $

6 About Community Bank of Bergen County Established in 1928, Community Bank of Bergen County, NJ (CBBC) serves the northern New Jersey community with three locations in Rochelle Park, Maywood and Fair Lawn. Dedicated to superior service, the bank offers a range of customized personal and business banking products and the convenience of 24-hour ATMs and online banking. With lending decisions made locally, and a responsive management team, Community Bank of Bergen County is committed to providing an exceptional banking experience. CBBC is a member of the Federal Deposit Insurance Corporation (FDIC) and an Equal Housing Lender. CBBC makes loans without regard to race, color, religion, national origin, sex, handicap, or familial status. For more information, visit the Bank s web site at and to view CBBC s 2015 Audited Financial Statements, visit: Forward-Looking Statements This press release and other statements made from time to time by Community Bank of Bergen County's management contain express and implied statements relating to our future financial condition, results of operations, credit quality, corporate objectives, capital, liquidity and other financial and business matters, which are considered forward-looking statements. These forward-looking statements are necessarily speculative and speak only as of the date made, and are subject to numerous assumptions, risks and uncertainties, all of which may change over time. Actual results could differ materially from those expected or implied by such forward-looking statements. The words may, could, should, would, will, project, continue, believe, anticipate, expect, intend, plan, and similar expressions are intended to identify forward-looking statements. All such statements are made in good faith by the Bank pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of Risks and uncertainties which could cause our actual results to differ materially and adversely from such forward-looking statements include the current economy, both nationally and locally, and how it is affecting the financial industry specifically; volatility in interest rates and the shape of the yield curve; increased credit risks and risks associated with the real estate market; the potential for increased non-performing loans; operating, legal, and regulatory risk; economic, political, and competitive forces affecting the Bank's lines of business; the extent and timing of actions of the Federal Reserve Board; customer acceptance of our products and services; the inability to resolve our problem loans as expected; and other risks and uncertainties. Any statements made that are not historical facts should be considered to be forward-looking statements. You should not place undue reliance on any forward-looking statements. We undertake no obligation to update forward-looking statements or to make any public announcement when we consider forward-looking statements to no longer be accurate, whether as a result of new information or the occurrence of future events, except as may be required by applicable law or regulation. Media Contacts: Peter A. Michelotti President and CEO, Community Bank of Bergen County, NJ (201) investorrelations@cbbcnj.com ###