**THIRD      CENTURY BANCORP**

**THIRD      CENTURY BANCORP RELEASES SECOND QUARTER EARNINGS**

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**Selected      Consolidated Financial Data**

|                                                               |   | **At                June 30,**    |    | **At                December 31,** |   |
|--------------------------------------------------------------------|--------|-----------------------------------|---------|------------------------------------|--------|
|                                                               |   | **2006**                          |    | **2005**                           |   |
| **Selected                Consolidated Financial Condition Data**: |   | **(In                Thousands)** |    |
| Assets                                                             |   | $                                 | 130,180 |                               | $      | 128,147 |   |
| Loans                receivable-net                                |   |                              | 111,337 |                               |   | 105,557 |   |
| Cash                and cash equivalents                           |   |                              | 5,927   |                               |   | 7,853 |   |
| Interest-earning                time deposits                      |   |                              | --      |                               |   | 200 |   |
| Investment                securities                               |   |                              | 6,599   |                               |   | 9,210 |   |
| Deposits                                                           |   |                              | 86,069  |                               |   | 88,608 |   |
| FHLB                advances and other borrowings                  |   |                              | 24,100  |                               |   | 16,500 |   |
| Stockholders’                equity-net                      |   |                              | 19,279  |                               |   | 22,350 |   |
|                                                               |   |                              |    |                               |   |   |   |

|                                                                                                  |   | **For                the Three Months Ended June 30,**       |     |
|-------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------|----------|
|                                                                                                  |   | **2006**                                                     |     | **2005** |   |
|                                                                                                  |   | **(Dollars                In Thousands, Except Share Data)** |     |
| **Selected                Consolidated Earnings Data**:                                               |   |                                                         |
| Total                interest income                                                                  |   | $                                                            | 1,939    |   | $ | 1,711 |   |
| Total                interest expense                                                                 |   |                                                         | 743      |   |   | 525 |   |
| Net                interest income                                                                    |   |                                                         | 1,196    |   |   | 1,186 |   |
| Provision                of losses on loans                                                           |   |                                                         | 15       |   |   | (20 | ) |
| Net                interest income after provision for losses on                loans                 |   |                                                         | 1,181    |   |   | 1,206 |   |
| Total                other income                                                                     |   |                                                         | 253      |   |   | 164 |   |
| General,                administrative and other expenses                                             |   |                                                         | 1,203    |   |   | 1,169 |   |
| Income                tax expense                                                                     |   |                                                         | 93       |   |   | 80 |   |
| Net                income                                                                             |   |                                                         | 138      |   |   | 121 |   |
| Earnings                per share - basic                                                             |   | $                                                            | 0.09     |   | $ | 0.08 |   |
| Earnings                per share - diluted                                                           |   | $                                                            | 0.09     |   | $ | 0.08 |   |
|                                                                                                  |   |                                                         |     |   |   |   |   |
| **Selected                Financial Ratios and Other Data**:                                          |   |                                                         |     |   |   |   |   |
| Interest                rate spread during period                                                     |   |                                                         | 3.16     | % |   | 3.35 | % |
| Net                yield on interest-earning assets                                                   |   |                                                         | 3.84     |   |   | 3.86 |   |
| Return                on average assets                                                               |   |                                                         | 0.43     |   |   | 0.39 |   |
| Return                on average equity                                                               |   |                                                         | 2.69     |   |   | 2.10 |   |
| Equity                to assets                                                                       |   |                                                         | 14.81    |   |   | 18.06 |   |
| Average                interest-earning assets to average interest-bearing                liabilities |   |                                                         | 128.57   |   |   | 130.01 |   |
| Non-performing                assets to total assets                                                  |   |                                                         | 0.07     |   |   | 0.08 |   |
| Allowance                for loan losses to total loans outstanding                                   |   |                                                         | 0.83     |   |   | 0.93 |   |
| Net                charge-offs to average total loans outstanding                                     |   |                                                         | 0.02     |   |   | 0.00 |   |
| General,                administrative and other expense to average assets                            |   |                                                         | 0.93     |   |   | 0.95 |   |
| Effective                income tax rate                                                              |   |                                                         | 40.26    |   |   | 39.80 |   |
| Dividend                payout ratio 1                                            |   |                                                         | 2,266.67 |   |   | n/a |   |
| Dividend                payout ratio 2                                                           |   |                                                         | 44.44    |   |   | 50.00 |   |
| Number                of full service offices                                                         |   |                                                         | 6        |   |   | 5 |   |

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|                                                                                                  |   | **For                the Six Months Ended June 30,**         |     |
|-------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------|----------|
|                                                                                                  |   | **2006**                                                     |     | **2005** |   |
|                                                                                                  |   | **(Dollars                In Thousands, Except Share Data)** |     |
| **Selected                Consolidated Earnings Data**:                                               |   |                                                         |
| Total                interest income                                                                  |   | $                                                            | 3,774    |   | $ | 3,352 |   |
| Total                interest expense                                                                 |   |                                                         | 1,383    |   |   | 998 |   |
| Net                interest income                                                                    |   |                                                         | 2,391    |   |   | 2,354 |   |
| Provision                of losses on loans                                                           |   |                                                         | 30       |   |   | (20 | ) |
| Net                interest income after provision for losses on                loans                 |   |                                                         | 2,361    |   |   | 2,374 |   |
| Total                other income                                                                     |   |                                                         | 474      |   |   | 332 |   |
| General,                administrative and other expenses                                             |   |                                                         | 2,370    |   |   | 2,373 |   |
| Income                tax expense                                                                     |   |                                                         | 184      |   |   | 132 |   |
| Net                income                                                                             |   |                                                         | 281      |   |   | 201 |   |
| Earnings                per share - basic                                                             |   | $                                                            | 0.19     |   | $ | 0.13 |   |
| Earnings                per share - diluted                                                           |   | $                                                            | 0.19     |   | $ | 0.13 |   |
|                                                                                                  |   |                                                         |     |   |   |   |   |
| **Selected                Financial Ratios and Other Data**:                                          |   |                                                         |     |   |   |   |   |
| Interest                rate spread during period                                                     |   |                                                         | 3.21     | % |   | 3.35 | % |
| Net                yield on interest-earning assets                                                   |   |                                                         | 3.86     |   |   | 3.84 |   |
| Return                on average assets                                                               |   |                                                         | 0.44     |   |   | 0.32 |   |
| Return                on average equity                                                               |   |                                                         | 2.61     |   |   | 1.75 |   |
| Equity                to assets                                                                       |   |                                                         | 14.81    |   |   | 18.06 |   |
| Average                interest-earning assets to average interest-bearing                liabilities |   |                                                         | 130.74   |   |   | 129.70 |   |
| Non-performing                assets to total assets                                                  |   |                                                         | 0.07     |   |   | 0.08 |   |
| Allowance                for loan losses to total loans outstanding                                   |   |                                                         | 0.83     |   |   | 0.93 |   |
| Net                charge-offs to average total loans outstanding                                     |   |                                                         | 0.02     |   |   | 0.01 |   |
| General,                administrative and other expense to average assets                            |   |                                                         | 1.85     |   |   | 1.91 |   |
| Effective                income tax rate                                                              |   |                                                         | 39.57    |   |   | 39.64 |   |
| Dividend                payout ratio 3                                                           |   |                                                         | 1,094.74 |   |   | n/a |   |
| Dividend                payout ratio 4                                                           |   |                                                         | 42.11    |   |   | 61.54 |   |
| Number                of full service offices                                                         |   |                                                         | 6        |   |   | 5 |   |