**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

**FORM      10-Q**

**QUARTERLY      REPORT      PURSUANT TO SECTION 13 OR 15(d) OF THE**
**SECURITIES EXCHANGE ACT      OF 1934**

| For                the quarterly period ended | **June                30, 2007** |   |
|-----------------------------------------------|----------------------------------|--------|

**TRANSITION      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934**

| For                  the transition period from |   | to |   |
|-------------------------------------------------|--------|----|--------|

| Commission                File Number: | **0-14294** |   |
|----------------------------------------|-------------|--------|

| **GREATER                COMMUNITY BANCORP**                                         |
|--------------------------------------------------------------------------------------|
| (Exact                name of registrant as specified in its                charter) |

| **New                Jersey**                                                                                    | **22-2545165**                                      |
|------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------|
| (State                or other jurisdiction of incorporation or organization)                                    | (I.R.S.                Employer Identification No.) |
|                                                                                                             |                                                |
|                                                                                                             |                                                |
| **55                Union Boulevard, Totowa, New Jersey**                                                        | **07512**                                           |
| (Address                of principal executive offices)                                                          | (Zip                Code)                           |
|                                                                                                             |
| **(973)                942-1111**                                                                                |
| (Registrant's                telephone number, including area code)                                              |
|                                                                                                             |
|                                                                                                             |
| (Former                name, former address and former fiscal year, if changed since last                report) |

| Large                accelerated filer o | Accelerated                filer      ý | Non-accelerated                filer o |
|------------------------------------------|----------------------------------------------------------------------------|----------------------------------------|

----

**TABLE      OF CONTENTS**

|                                                                                                                                               |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                               | PAGE   |
| **PART                I - FINANCIAL INFORMATION**                                                                                                  |   |
|                                                                                                                                               |   |
| Item                1.  Financial Statements.                                                                                            |   |
|                                                                                                                                               |   |
| Consolidated                Balance Sheets at June 30, 2007 (unaudited) and                December 31, 2006                                       | 1      |
|                                                                                                                                               |   |
| Consolidated                Statements of Income (unaudited), Three and six                months ended June 30, 2007 and 2006                     | 2      |
|                                                                                                                                               |   |
| Consolidated                Statements of Comprehensive Income (unaudited),                Three and six months ended June 30, 2007 and 2006       | 3      |
|                                                                                                                                               |   |
| Consolidated                Statements of Changes in Shareholders’ Equity                (unaudited),Six months ended June 30, 2007 and 2006 | 3      |
|                                                                                                                                               |   |
| Consolidated                Statements of Cash Flows (unaudited), Six months                ended June 30, 2007 and 2006                           | 4      |
|                                                                                                                                               |   |
| Notes                to Consolidated Financial Statements                (unaudited)                                                               | 5      |
|                                                                                                                                               |   |
| Item                2. Management’s Discussion and Analysis of Financial                Condition and Results of Operations                  | 10     |
|                                                                                                                                               |   |
| Item                3. Quantitative and Qualitative Disclosures About Market                Risk                                                   | 18     |
|                                                                                                                                               |   |
| Item                4. Controls and Procedures                                                                                                     | 18     |
|                                                                                                                                               |   |
|                                                                                                                                               |   |
| **PART                II - OTHER INFORMATION**                                                                                                     |   |
|                                                                                                                                               |   |
| Items                1 through 6                                                                                                                   | 19     |
|                                                                                                                                               |   |
| Signatures                                                                                                                                         | 20     |
|                                                                                                                                               |   |
| Exhibit                Index                                                                                                                       | 21     |

----

*Table          of Contents*

**PART      I – FINANCIAL INFORMATION**

**Item      1.  Financial Statements.**

**GREATER      COMMUNITY BANCORP AND SUBSIDIARIES**

**CONSOLIDATED      BALANCE SHEETS**

|                                                                                                                                                      |   | (unaudited)             |    |   |                        |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------|---------|--------|-----------------------------|--------|
|                                                                                                                                                      |   | June                30, |    |   | December                31, |   |
|                                                                                                                                                      |   | 2007                    |    |   | 2006                        |   |
| **ASSETS**                                                                                                                                                |   |                    |    |   |                        |   |
| CASH                AND DUE FROM BANKS - Non interest-bearing                                                                                             |   | $                       | 20,657  |   |                        | $      | 22,269 |   |
| FEDERAL                FUNDS SOLD                                                                                                                         |   |                    | 21,000  |   |                        |   | 31,600 |   |
|                  Total                cash and cash equivalents      |   |                    | 41,657  |   |                        |   | 53,869 |   |
| DUE                FROM BANKS - Interest-bearing                                                                                                          |   |                    | 11,619  |   |                        |   | 26,359 |   |
| INVESTMENT                SECURITIES - Available-for-sale                                                                                                 |   |                    | 83,029  |   |                        |   | 64,942 |   |
| INVESTMENT                SECURITIES - Held-to-maturity (aggregate fair values of                                                                         |   |                    |    |   |                        |   |   |   |
|    $23,328                and $36,225 at June 30, 2007 and December 31, 2006,                respectively)                                 |   |                    | 23,859  |   |                        |   | 36,391 |   |
|                  Total                investment securities          |   |                    | 106,888 |   |                        |   | 101,333 |   |
| LOANS                AND LEASES, net of unearned income                                                                                                   |   |                    | 760,641 |   |                        |   | 721,430 |   |
|   Less:  Allowance                for loan and lease losses                                                                           |   |                    | (10,603 | )      |                        |   | (10,022 | ) |
|                  Net                loans and leases                 |   |                    | 750,038 |   |                        |   | 711,408 |   |
| PREMISES                AND EQUIPMENT, net                                                                                                                |   |                    | 11,898  |   |                        |   | 10,599 |   |
| ACCRUED                INTEREST RECEIVABLE                                                                                                                |   |                    | 4,337   |   |                        |   | 4,091 |   |
| OTHER                REAL ESTATE OWNED                                                                                                                    |   |                    | 349     |   |                        |   | 349 |   |
| BANK-OWNED                LIFE INSURANCE                                                                                                                  |   |                    | 15,706  |   |                        |   | 15,477 |   |
| GOODWILL                                                                                                                                                  |   |                    | 11,574  |   |                        |   | 11,574 |   |
| OTHER                ASSETS                                                                                                                               |   |                    | 16,296  |   |                        |   | 15,910 |   |
|     TOTAL                ASSETS                                                                                                       |   | $                       | 970,362 |   |                        | $      | 950,969 |   |
|                                                                                                                                                      |   |                    |    |   |                        |   |   |   |
| **LIABILITIES                AND SHAREHOLDERS' EQUITY**                                                                                                   |   |                    |    |   |                        |   |   |   |
| DEPOSITS:                                                                                                                                                 |   |                    |    |   |                        |   |   |   |
| Non                interest-bearing                                                                                                                       |   | $                       | 170,652 |   |                        | $      | 169,013 |   |
| Interest-bearing                checking                                                                                                                  |   |                    | 91,289  |   |                        |   | 103,853 |   |
| Money                market                                                                                                                               |   |                    | 239,922 |   |                        |   | 191,912 |   |
| Savings                                                                                                                                                   |   |                    | 67,080  |   |                        |   | 68,659 |   |
| Time                deposits less than $100                                                                                                               |   |                    | 121,448 |   |                        |   | 119,470 |   |
| Time                deposits $100 and over                                                                                                                |   |                    | 70,887  |   |                        |   | 74,405 |   |
|                   Total                deposits                 |   |                    | 761,278 |   |                        |   | 727,312 |   |
| FEDERAL                FUNDS PURCHASED                                                                                                                    |   |                    | -       |   |                        |   | 10,000 |   |
| SECURITIES                SOLD UNDER AGREEMENTS TO REPURCHASE                                                                                             |   |                    | 7,800   |   |                        |   | 8,246 |   |
| FHLB                ADVANCES                                                                                                                              |   |                    | 96,000  |   |                        |   | 96,000 |   |
| SUBORDINATED                DEBENTURES                                                                                                                    |   |                    | 24,743  |   |                        |   | 24,743 |   |
| ACCRUED                INTEREST PAYABLE                                                                                                                   |   |                    | 4,134   |   |                        |   | 3,191 |   |
| OTHER                LIABILITIES                                                                                                                          |   |                    | 6,678   |   |                        |   | 13,902 |   |
|                  Total                liabilities                    |   |                    | 900,633 |   |                        |   | 883,394 |   |
| SHAREHOLDERS'                EQUITY:                                                                                                                      |   |                    |    |   |                        |   |   |   |
| Common                stock, par value $0.50 per share: 20,000,000 shares authorized, 8,438,463                and                                        |   |                    |    |   |                        |   |   |   |
|        8,402,842                shares outstanding at June 30, 2007 and December 31, 2006,                respectively |   |                    | 4,219   |   |                        |   | 4,201 |   |
| Additional                paid-in capital                                                                                                                 |   |                    | 59,199  |   |                        |   | 58,633 |   |
| Retained                earnings                                                                                                                          |   |                    | 6,238   |   |                        |   | 3,963 |   |
| Accumulated                other comprehensive income                                                                                                     |   |                    | 73      |   |                        |   | 778 |   |
|                 Total                shareholders' equity                 |   |                    | 69,729  |   |                        |   | 67,575 |   |
|    TOTAL                LIABILITIES AND SHAREHOLDERS' EQUITY                                                                               |   | $                       | 970,362 |   |                        | $      | 950,969 |   |
|                                                                                                                                                      |   |                    |    |   |                        |   |   |   |
|                                                                                                                                                      |   |                    |    |   |                        |   |   |   |
| See                accompanying notes to consolidated financial statements.                                                                               |   |

----

*Table          of Contents*

**GREATER      COMMUNITY BANCORP AND SUBSIDIARIES**

**CONSOLIDATED      STATEMENTS OF INCOME**

|                                                                                                                                                 |   | Three                Months Ended |   |   | Six                Months Ended |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------|--------|--------|---------------------------------|--------|
|                                                                                                                                                 |   | June                30,           |   |   | June                30,         |   |
|                                                                                                                                                 |   | 2007                              |   |   | 2006                            |   |   | 2007 |   |   | 2006 |   |
| INTEREST                INCOME:                                                                                                                      |   |                              |   |   |                            |   |   |   |   |   |   |   |
|    Loans                and leases                                                                                                    |   | $                                 | 13,185 |   |                            | $      | 11,851 |   |   | $ | 25,800 |   |   | $ | 23,459 |   |
|    Investment                securities                                                                                               |   |                              | 1,343  |   |                            |   | 1,361 |   |   |   | 2,737 |   |   |   | 2,756 |   |
|    Federal                funds sold and deposits with banks                                                                          |   |                              | 671    |   |                            |   | 167 |   |   |   | 1,276 |   |   |   | 496 |   |
|              Total                interest income                                   |   |                              | 15,199 |   |                            |   | 13,379 |   |   |   | 29,813 |   |   |   | 26,711 |   |
|                                                                                                                                                 |   |                              |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| INTEREST                EXPENSE:                                                                                                                     |   |                              |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |
|    Deposits                                                                                                                           |   |                              | 5,646  |   |                            |   | 3,740 |   |   |   | 10,696 |   |   |   | 7,217 |   |
|    Short-term                borrowings                                                                                               |   |                              | 1,273  |   |                            |   | 1,074 |   |   |   | 2,640 |   |   |   | 2,132 |   |
|    Long-term                borrowings                                                                                                |   |                              | 507    |   |                            |   | 507 |   |   |   | 1,014 |   |   |   | 1,014 |   |
|              Total                interest expense                                  |   |                              | 7,426  |   |                            |   | 5,321 |   |   |   | 14,350 |   |   |   | 10,363 |   |
|                                                                                                                                                 |   |                              |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| NET                INTEREST INCOME                                                                                                                   |   |                              | 7,773  |   |                            |   | 8,058 |   |   |   | 15,463 |   |   |   | 16,348 |   |
|                                                                                                                                                 |   |                              |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| PROVISION                FOR LOAN AND LEASE LOSSES                                                                                                   |   |                              | 331    |   |                            |   | 314 |   |   |   | 644 |   |   |   | 314 |   |
|             Net                interest income after provision for loan and lease losses |   |                              | 7,442  |   |                            |   | 7,744 |   |   |   | 14,819 |   |   |   | 16,034 |   |
|                                                                                                                                                 |   |                              |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| NON-INTEREST                INCOME:                                                                                                                  |   |                              |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |
|    Service                charges on deposit accounts                                                                                 |   |                              | 633    |   |                            |   | 739 |   |   |   | 1,314 |   |   |   | 1,417 |   |
|    Commissions                and fees                                                                                                |   |                              | 339    |   |                            |   | 323 |   |   |   | 657 |   |   |   | 602 |   |
|    Loan                fee income                                                                                                     |   |                              | 197    |   |                            |   | 165 |   |   |   | 435 |   |   |   | 282 |   |
|    Gain                on sale of loans                                                                                               |   |                              | 56     |   |                            |   | - |   |   |   | 56 |   |   |   | - |   |
|    Gain                on sale of investment securities                                                                               |   |                              | 19     |   |                            |   | - |   |   |   | 160 |   |   |   | 28 |   |
|    Bank-owned                life insurance                                                                                           |   |                              | 93     |   |                            |   | 115 |   |   |   | 229 |   |   |   | 236 |   |
|    All                other income                                                                                                    |   |                              | 101    |   |                            |   | 199 |   |   |   | 207 |   |   |   | 308 |   |
|              Total                non-interest income                               |   |                              | 1,438  |   |                            |   | 1,541 |   |   |   | 3,058 |   |   |   | 2,873 |   |
|                                                                                                                                                 |   |                              |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| NON-INTEREST                EXPENSE:                                                                                                                 |   |                              |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |
|    Salaries                and employee benefits                                                                                      |   |                              | 3,714  |   |                            |   | 3,910 |   |   |   | 7,460 |   |   |   | 7,308 |   |
|    Occupancy                and equipment                                                                                             |   |                              | 1,058  |   |                            |   | 922 |   |   |   | 2,034 |   |   |   | 1,835 |   |
|    Regulatory,                professional and other fees                                                                             |   |                              | 1,346  |   |                            |   | 547 |   |   |   | 1,888 |   |   |   | 1,109 |   |
|    Computer                services                                                                                                   |   |                              | 224    |   |                            |   | 201 |   |   |   | 477 |   |   |   | 443 |   |
|    Office                expenses                                                                                                     |   |                              | 319    |   |                            |   | 211 |   |   |   | 567 |   |   |   | 529 |   |
|    Interest                on income taxes (recovery)                                                                                 |   |                              | (635   | )      |                            |   | - |   |   |   | (515 | ) |   |   | - |   |
|    Other                operating expenses                                                                                            |   |                              | 523    |   |                            |   | 429 |   |   |   | 1,118 |   |   |   | 956 |   |
|             Total                non-interest expense                                    |   |                              | 6,549  |   |                            |   | 6,220 |   |   |   | 13,029 |   |   |   | 12,180 |   |
|                                                                                                                                                 |   |                              |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| INCOME                BEFORE PROVISION FOR INCOME TAXES                                                                                              |   |                              | 2,331  |   |                            |   | 3,065 |   |   |   | 4,848 |   |   |   | 6,727 |   |
| PROVISION                FOR INCOME TAXES (RECOVERY)                                                                                                 |   |                              | (627   | )      |                            |   | 951 |   |   |   | 162 |   |   |   | 2,151 |   |
|                                                                                                                                                 |   |                              |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| NET                INCOME                                                                                                                            |   | $                                 | 2,958  |   |                            | $      | 2,114 |   |   | $ | 4,686 |   |   | $ | 4,576 |   |
|                                                                                                                                                 |   |                              |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Weighted                average shares outstanding - Basic                                                                                           |   |                              | 8,433  |   |                            |   | 8,341 |   |   |   | 8,423 |   |   |   | 8,322 |   |
| Weighted                average shares outstanding - Diluted                                                                                         |   |                              | 8,451  |   |                            |   | 8,378 |   |   |   | 8,443 |   |   |   | 8,357 |   |
|                                                                                                                                                 |   |                              |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Earnings                per share - Basic                                                                                                            |   | $                                 | 0.35   |   |                            | $      | 0.25 |   |   | $ | 0.56 |   |   | $ | 0.55 |   |
| Earnings                per share - Diluted                                                                                                          |   | $                                 | 0.35   |   |                            | $      | 0.25 |   |   | $ | 0.56 |   |   | $ | 0.55 |   |
|                                                                                                                                                 |   |                              |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| See                accompanying notes to consolidated financial statements.                                                                          |   |

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*Table          of Contents*

**GREATER      COMMUNITY BANCORP AND SUBSIDIARIES**

**CONSOLIDATED      STATEMENTS OF COMPREHENSIVE INCOME**

|                                                                                     |   | Three                Months EndedJune                30, |    | Six                Months EndedJune                30, |   |
|------------------------------------------------------------------------------------------|--------|----------------------------------------------------------|--------------|--------------------------------------------------------|--------|
|                                                                                     |   | 2007                                                     |         |                                                   | 2006   |   |   | 2007 |   |   | 2006 |   |
|                                                                                     |   |                                                     |         |                                                   |   |   |   |   |   |   |   |   |
| NET                INCOME                                                                |   | $                                                        | 2,958        |                                                   |   | $ | 2,114 |   |   | $ | 4,686 |   |   | $ | 4,576 |   |
| OTHER                COMPREHENSIVE INCOME NET OF TAX:                                    |   |                                                     |         |                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Unrealized                securities (losses) arising during period    |   |                                                     | (674         | )                                                      |   |   | (387 | ) |   |   | (599 | ) |   |   | (171 | ) |
|    Less:                reclassification for gains included in net income |   |                                                     | 13           |                                                   |   |   | - |   |   |   | 106 |   |   |   | 18 |   |
| Other                comprehensive income (loss)                                         |   |                                                     | (687         | )                                                      |   |   | (387 | ) |   |   | (705 | ) |   |   | (189 | ) |
| TOTAL                COMPREHENSIVE INCOME                                                |   | $                                                        | 2,271        |                                                   |   | $ | 1,727 |   |   | $ | 3,981 |   |   | $ | 4,387 |   |

**CONSOLIDATED      STATEMENTS OF CHANGES IN SHAREHOLDERS’EQUITY**

|                                                                        |   | CommonStock |   |   | AdditionalPaid-inCapital |   |   | RetaineD Earnings |   |   | AccumulatedOtherComprehensiveIncome |   |   | TotalShareholders'Equity |   |
|-----------------------------------------------------------------------------|--------|-------------|--------|--------|--------------------------|--------|--------|------------------------|--------|--------|-------------------------------------|--------|--------|--------------------------|--------|
|                                                                        |   |        |   |   |                     |   |   |                   |   |   |                                |   |   |
| Six                Months Ended June 30, 2007                               |   |        |   |   |                     |   |   |                   |   |   |                                |   |   |
|                                                                        |   |        |   |   |                     |   |   |                   |   |   |                                |   |   |                     |   |
| BALANCE:   January                1, 2007                    |   | $           | 4,201  |   |                     | $      | 58,633 |                   |   | $      | 3,963                               |   |   | $                        | 778    |   |   | $ | 67,575 |   |
| Net                income                                                   |   |        | -      |   |                     |   | -      |                   |   |   | 4,686                               |   |   |                     | -      |   |   |   | 4,686 |   |
| Exercise                of stock options                                    |   |        | 4      |   |                     |   | 55     |                   |   |   | -                                   |   |   |                     | -      |   |   |   | 59 |   |
| Tax                benefit from exercise of stock options                   |   |        | -      |   |                     |   | 21     |                   |   |   | -                                   |   |   |                     | -      |   |   |   | 21 |   |
| Issuance                of common stock                                     |   |        | 14     |   |                     |   | 466    |                   |   |   | -                                   |   |   |                     | -      |   |   |   | 480 |   |
| Stock-based                compensation                                     |   |        | -      |   |                     |   | 24     |                   |   |   | -                                   |   |   |                     | -      |   |   |   | 24 |   |
| Cash                dividends declared, $0.285 per share                    |   |        | -      |   |                     |   | -      |                   |   |   | (2,411                              | )      |   |                     | -      |   |   |   | (2,411 | ) |
| Other                comprehensive (loss), net of tax                       |   |        | -      |   |                     |   | -      |                   |   |   | -                                   |   |   |                     | (705   | ) |   |   | (705 | ) |
| BALANCE:  June                30, 2007                            |   | $           | 4,219  |   |                     | $      | 59,199 |                   |   | $      | 6,238                               |   |   | $                        | 73     |   |   | $ | 69,729 |   |
|                                                                        |   |        |   |   |                     |   |   |                   |   |   |                                |   |   |                     |   |   |   |   |   |   |
| Six                Months Ended June 30, 2006                               |   |        |   |   |                     |   |   |                   |   |   |                                |   |   |                     |   |   |   |
|                                                                        |   |        |   |   |                     |   |   |                   |   |   |                                |   |   |                     |   |   |   |   |   |   |
| BALANCE:   January                1, 2006                    |   | $           | 3,994  |   |                     | $      | 53,907 |                   |   | $      | 6,216                               |   |   | $                        | 424    |   |   | $ | 64,541 |   |
| Net                income                                                   |   |        | -      |   |                     |   | -      |                   |   |   | 4,576                               |   |   |                     | -      |   |   |   | 4,576 |   |
| Exercise                of stock options                                    |   |        | 68     |   |                     |   | 202    |                   |   |   | -                                   |   |   |                     | -      |   |   |   | 270 |   |
| Issuance                of common stock                                     |   |        | 11     |   |                     |   | 320    |                   |   |   | -                                   |   |   |                     | -      |   |   |   | 331 |   |
| Cash                dividends declared, $0.27 per share                     |   |        | -      |   |                     |   | -      |                   |   |   | (2,242                              | )      |   |                     | -      |   |   |   | (2,242 | ) |
| 2.5%                stock dividend                                          |   |        | 101    |   |                     |   | 3,118  |                   |   |   | (3,219                              | )      |   |                     |   |   |   |   | - |   |
| Other                comprehensive (loss), net of tax                       |   |        | -      |   |                     |   | -      |                   |   |   | -                                   |   |   |                     | (189   | ) |   |   | (189 | ) |
| BALANCE:  June                30, 2006                            |   | $           | 4,174  |   |                     | $      | 57,547 |                   |   | $      | 5,331                               |   |   | $                        | 235    |   |   | $ | 67,287 |   |
|                                                                        |   |        |   |   |                     |   |   |                   |   |   |                                |   |   |                     |   |   |   |   |   |   |
|                                                                        |   |        |   |   |                     |   |   |                   |   |   |                                |   |   |                     |   |   |   |   |   |   |
|                                                                        |   |        |   |   |                     |   |   |                   |   |   |                                |   |   |                     |   |   |   |   |   |   |
|                                                                        |   |        |   |   |                     |   |   |                   |   |   |                                |   |   |                     |   |   |   |   |   |   |
| See                accompanying notes to consolidated financial statements. |   |

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*Table          of Contents*

**GREATER      COMMUNITY BANCORP AND SUBSIDIARIES**

**CONSOLIDATED      STATEMENTS OF CASH FLOWS**

|                                                                                                                                                          |   | Six                Months Ended |    |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------|---------|
|                                                                                                                                                          |   | June                30,         |    |
|                                                                                                                                                          |   | 2007                            |    |   | 2006 |   |
| CASH                FLOWS FROM OPERATING ACTIVITIES:                                                                                                          |   |                            |    |   |   |   |
|                                                                                                                                                          |   |                            |    |   |   |   |
| Net                income                                                                                                                                     |   | $                               | 4,686   |   |   | $ | 4,576 |   |
| Adjustments                to reconcile net income to net cash provided by operating                activities:                                               |   |                            |    |   |   |
|     Depreciation                and amortization                                                                                          |   |                            | 599     |   |   |   | 540 |   |
|     Premium                amortization (discount accretion) on securities, net                                                           |   |                            | (6      | ) |   |   | (15 | ) |
|     Provision                for loan and lease losses                                                                                    |   |                            | 644     |   |   |   | 314 |   |
|     (Gain)                on sale of SBA loans held for sale                                                                              |   |                            | (56     | ) |   |   | - |   |
|     (Origination)                of SBA loans held for sale                                                                               |   |                            | (771    | ) |   |   | - |   |
|     Proceeds                from sale of SBA loans                                                                                        |   |                            | 827     |   |   |   | - |   |
|     (Gain)                on sale of securities, net                                                                                      |   |                            | (160    | ) |   |   | (28 | ) |
|     Stock-based                compensation                                                                                               |   |                            | 24      |   |   |   | - |   |
|     Recognized                loss on impaired securities                                                                                 |   |                            | -       |   |   |   | 23 |   |
|     (Increase)                in accrued interest receivable                                                                              |   |                            | (246    | ) |   |   | (2 | ) |
|     (Increase)                in bank-owned life insurance and other assets                                                               |   |                            | (108    | ) |   |   | (319 | ) |
|     (Decrease)                in accrued expenses and other liabilities                                                                   |   |                            | (6,281  | ) |   |   | (591 | ) |
|           Net                cash (used in) provided by operating activities                                |   |                            | (848    | ) |   |   | 4,498 |   |
|                                                                                                                                                          |   |                            |    |   |   |   |   |   |
| CASH                FLOWS FROM INVESTING ACTIVITIES:                                                                                                          |   |                            |    |   |   |   |   |   |
|                                                                                                                                                          |   |                            |    |   |   |   |   |   |
|     Available-for-sale                investment securities                                                                               |   |                            |    |   |   |   |   |   |
|          Purchases                                                                                               |   |                            | (31,575 | ) |   |   | (1,547 | ) |
|          Sales                                                                                                   |   |                            | 1,248   |   |   |   | 42 |   |
|          Maturities                and principal paydowns                                                        |   |                            | 11,192  |   |   |   | 16,339 |   |
|     Held-to-maturity                investment securities                                                                                 |   |                            |    |   |   |   |   |   |
|          Purchases                                                                                               |   |                            | (5,116  | ) |   |   | (6,896 | ) |
|          Maturities                and principal paydowns                                                        |   |                            | 17,671  |   |   |   | 8,913 |   |
|     Net                decrease in interest-bearing deposits with banks                                                                   |   |                            | 14,740  |   |   |   | 5,901 |   |
|     Net                (increase) in loans and leases                                                                                     |   |                            | (39,274 | ) |   |   | (21,762 | ) |
|     Capital                expenditures                                                                                                   |   |                            | (1,898  | ) |   |   | (385 | ) |
|           Net                cash (used in) provided by investing activities                                |   |                            | (32,956 | ) |   |   | 605 |   |
|                                                                                                                                                          |   |                            |    |   |   |   |   |   |
| CASH                FLOW FROM FINANCING ACTIVITIES:                                                                                                           |   |                            |    |   |   |   |   |   |
|                                                                                                                                                          |   |                            |    |   |   |   |   |   |
|     Net                increase (decrease) in deposit accounts                                                                            |   |                            | 33,966  |   |   |   | (39,263 | ) |
|     (Decrease)                increase in federal funds purchased                                                                         |   |                            | (10,000 | ) |   |   | 4,500 |   |
|     (Decrease)                in securities sold under agreements to repurchase                                                           |   |                            | (446    | ) |   |   | (63 | ) |
|     (Decrease)                in FHLB advances                                                                                            |   |                            | -       |   |   |   | (10,000 | ) |
|     Dividends                paid to common shareholders                                                                                  |   |                            | (2,411  | ) |   |   | (2,242 | ) |
|     Proceeds                from exercise of stock options                                                                                |   |                            | 59      |   |   |   | 270 |   |
|     Proceeds                from issuance of common stock                                                                                 |   |                            | 480     |   |   |   | 331 |   |
|           Net                cash provided by (used in) financing activities                                |   |                            | 21,648  |   |   |   | (46,467 | ) |
|                                                                                                                                                          |   |                            |    |   |   |   |   |   |
| NET                (DECREASE) IN CASH AND CASH EQUIVALENTS                                                                                                    |   | $                               | (12,212 | ) |   | $ | (41,364 | ) |
| CASH                AND CASH EQUIVALENTS, beginning of period                                                                                                 |   |                            | 53,869  |   |   |   | 65,577 |   |
| CASH                AND CASH EQUIVALENTS, end of period                                                                                                       |   | $                               | 41,657  |   |   | $ | 24,213 |   |
|                                                                                                                                                          |   |                            |    |   |   |   |   |   |
| Supplemental                disclosure of cash flow information:                                                                                              |   |                            |    |   |   |   |   |   |
|           Cash                paid during the period for interest on deposits and                borrowings |   | $                               | 13,407  |   |   | $ | 10,200 |   |
|           Cash                paid during the period for federal and state income taxes                     |   |                            | 5,870   |   |   |   | 2,365 |   |
|                                                                                                                                                          |   |                            |    |   |   |   |   |   |
|                                                                                                                                                          |   |                            |    |   |   |   |   |   |
| See                accompanying notes to consolidated financial statements.                                                                                   |   |

----

*Table          of Contents*

**NOTES      TO CONSOLIDATED FINANCIAL STATEMENTS**

**1.    Basis      of Presentation**

**2.    Dividends**

**3.    Earnings      Per Share**

**4.   Stock-Based      Compensation**

| (in                  thousands, except per share data)                  |   | Three                  Months Ended June 30, |   |   | Six                  months Ended June 30, |   |
|-------------------------------------------------------------------------|--------|----------------------------------------------|--------|--------|--------------------------------------------|--------|
|                                                                    |   | 2007                                         |   |   | 2006                                       |   |   | 2007 |   |   | 2006 |   |
| Net                  income available to common stockholders            |   | $                                            | 2,958  |   |                                       | $      | 2,114 |   |   | $ | 4,686 |   |   | $ | 4,576 |   |
|                                                                    |   |                                         |   |   |                                       |   |   |   |   |   |   |   |   |   |   |   |
| Basic                  weighted-average common shares outstanding       |   |                                         | 8,433  |   |                                       |   | 8,341 |   |   |   | 8,423 |   |   |   | 8,322 |   |
|     Plus:                  common stock equivalents |   |                                         | 18     |   |                                       |   | 37 |   |   |   | 20 |   |   |   | 35 |   |
| Diluted                  weighted average common shares outstanding     |   |                                         | 8,451  |   |                                       |   | 8,378 |   |   |   | 8,443 |   |   |   | 8,357 |   |
|                                                                    |   |                                         |   |   |                                       |   |   |   |   |   |   |   |   |   |   |   |
| Earnings                  per share:                                    |   |                                         |   |   |                                       |   |   |   |   |   |   |   |   |   |   |   |
|     Basic                                           |   | $                                            | 0.35   |   |                                       | $      | 0.25 |   |   | $ | 0.56 |   |   | $ | 0.55 |   |
|     Diluted                                         |   | $                                            | 0.35   |   |                                       | $      | 0.25 |   |   | $ | 0.56 |   |   | $ | 0.55 |   |

|   |   |   |
|--------|--------|--------|
|   | § | 2001                Stock Option Plan for Nonemployee Directors (the “2001 Directors                Plan”) |
|--------|--------|------------------------------------------------------------------------------------------------------------------------|

|   | § | 2001                Employee Stock Option Plan (the “2001 Employee                Plan”) |
|--------|--------|------------------------------------------------------------------------------------------------------|

|   | § | 2006                Long-Term Stock Compensation Plan (the “2006                Plan”) |
|--------|--------|----------------------------------------------------------------------------------------------------|

----

*Table          of Contents*

| Stock                Options                                                                                                                                                                          |   | AuthorizedAwards |    |   | Cumulative                Granted,Net                of Cancellations |   |    | Awards                Available                for Grant |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------|---------|--------|-----------------------------------------------------------------------|--------|---------|----------------------------------------------------------|--------|
| 2001                Directors Plan                                                                                                                                                                    |   |             | 68,149  |   |                                                                  |   | 61,288  |                                                     |   |   | - |   |
| 2001                Employee Plan                                                                                                                                                                     |   |             | 365,086 |   |                                                                  |   | 238,057 |                                                     |   |   | - |   |
| 2006                Plan (1)                                                                                                                                                                          |   |             | 307,500 |   |                                                                  |   | 15,400  |                                                     |   |   | 292,100 |   |
|                                                                                                                                                                                                  |   |             |    |   |                                                                  |   |    |                                                     |   |   |   |   |
| Restricted                Stock                                                                                                                                                                       |   |             |    |   |                                                                  |   |    |                                                     |   |   |   |   |
| 2006                Plan (1)                                                                                                                                                                          |   |             | 102,500 |   |                                                                  |   | 24,664  |                                                     |   |   | 77,836 |   |
|                                                                                                                                                                                                  |   |             |    |   |                                                                  |   |    |                                                     |   |   |   |   |
| (1)The                2006                Plan provides for a total of 410,000 authorized awards, of which                a maximum                of 102,500 awards may be in restricted stock. |   |

*Share-Based Payment*

| Stock                Options                                                    |   | Number                  ofShares |    |   | Weighted                  Average                  Exercise                  Price |   |   | Weighted                  Average                  Remaining                  Contractual                  Life                  (years) |   |   | Aggregate                  Intrinsic                  Value |   |
|---------------------------------------------------------------------------------|--------|----------------------------------|---------|--------|------------------------------------------------------------------------------------|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|-------------------------------------------------------------|--------|
| Outstanding                at January 1, 2007                                   |   |                             | 167,997 |   |                                                                               | $      | 14.22  |                                                                                                                                     |   |   |                                                        |   |   |   |
| Granted                                                                         |   |                             | -       |   |                                                                               |   | -      |                                                                                                                                     |   |   |                                                        |   |   |   |
| Exercised                                                                       |   |                             | (19,594 | )      |                                                                               |   | 13.72  |                                                                                                                                     |   |   |                                                        |   | $ | 79,059 |   |
| Terminated                                                                      |   |                             | -       |   |                                                                               |   | -      |                                                                                                                                     |   |   |                                                        |   |   |   |   |
| Outstanding                at June 30, 2007                                     |   |                             | 148,403 |   |                                                                               | $      | 14.28  |                                                                                                                                     |   |   | 4.87                                                        |   |   | $ | 220,289 |   |
| Exercisable                at June 30, 2007                                     |   |                             | 132,803 |   |                                                                               | $      | 14.14  |                                                                                                                                     |   |   | 4.78                                                        |   |   | $ | 213,165 |   |
|                                                                            |   |                             |    |   |                                                                               |   |   |                                                                                                                                     |   |   |                                                        |   |   |   |   |   |
| Weighted                average fair value of options granted during the period |   |                             |    |   |                                                                               | $      | -      |                                                                                                                                     |   |   |                                                        |   |   |   |   |   |

----

*Table          of Contents*

| Restricted                Stock                                                |   | Number                  ofShares |   |   | Weighted                  Average                  Exercise                  Price |   |   | Weighted Average                  RemainingContractual Life                  (years) |   |   | Aggregate                  Intrinsic                  Value |   |
|--------------------------------------------------------------------------------|--------|----------------------------------|--------|--------|------------------------------------------------------------------------------------|--------|--------|------------------------------------------------------------------------------------------------|--------|--------|-------------------------------------------------------------|--------|
| Outstanding                at January 1, 2007                                  |   |                             | 4,500  |   |                                                                               | $      | 17.18  |                                                                                           |   |   |                                                        |   |   |   |
| Granted                                                                        |   |                             | 20,164 |   |                                                                               |   | 17.95  |                                                                                           |   |   |                                                        |   |   |   |
| Exercised                                                                      |   |                             | -      |   |                                                                               |   | -      |                                                                                           |   |   |                                                        |   |   |   |
| Terminated                                                                     |   |                             | -      |   |                                                                               |   | -      |                                                                                           |   |   |                                                        |   |   |   |
| Outstanding                at June 30, 2007                                    |   |                             | 24,664 |   |                                                                               | $      | 17.81  |                                                                                           |   |   | 2.62                                                        |   |   | $ | - |   |
|                                                                           |   |                             |   |   |                                                                               |   |   |                                                                                           |   |   |                                                        |   |   |   |   |   |
| Weighted                average fair value of awards granted during the period |   |                             |   |   |                                                                               | $      | 17.95  |                                                                                           |   |   |                                                        |   |   |   |   |   |
|                                                                           |   |                             |   |   |                                                                               |   |   |                                                                                           |   |   |                                                        |   |   |   |   |   |

|                                                      |                             |   | Options                  Outstanding |   |                                                                                     | Options                  Exercisable |                                           |
|-----------------------------------------------------------|----------------------------------|--------|--------------------------------------|--------|------------------------------------------------------------------------------------------|--------------------------------------|------------------------------------------------|
| Range                  ofExercise                  Prices |                             |   | NumberOutstanding                    |   |  Weighted                  AverageRemaining                  Contractual Life  |                                 | WeightedAverageExercise                  Price |   |   | NumberOutstanding |   |   | WeightedAverageExercisePrice |   |
| $                                                         | 8.21                  to $13.00  |   |                                 |   | 38,178                                                                                   |                                 | 3.16                  years                    |   | $ | 11.90 |   |   |   | 38,028 |   |   | $ | 11.91 |   |
| $                                                         | 14.96                  to $16.27 |   |                                 |   | 110,225                                                                                  |                                 | 5.47                  years                    |   | $ | 15.11 |   |   |   | 94,775 |   |   | $ | 15.04 |   |
|                                                      |                             |   |                                 |   | 148,403                                                                                  |                                 |                                           |   |   |   |   |   |   | 132,803 |   |   |   |   |   |

|                                                             |                             |   | Restricted                  Shares Outstanding |   |
|------------------------------------------------------------------|----------------------------------|--------|------------------------------------------------|--------|
| Range                  of GrantDate                  Fair Values |                             |   | NumberOutstanding                              |   | Weighted                  AverageRemaining                  Contractual Life |   | Weighted                  AverageGrant                  Date Fair Value |   |
|                                                             |                             |   |                                           |   |   |   |   |   |
| $                                                                | 17.15                  to $18.01 |   |                                           |   | 24,664 |   | 2.62                  years |   | $ | 17.81 |   |
|                                                             |                             |   |                                           |   |   |   |   |   |   |   |   |

**5.      Business      Segments**

----

*Table          of Contents*

| (in                        thousands)                           |   | At                        and for the Three Months Ended June 30, 2007 |    |
|-----------------------------------------------------------------|--------|------------------------------------------------------------------------|---------|
|                                                            |   | Total                        Company                                   |    |   | Community Banking |   |   | Leasing |   |   | Corporate                        and                        Other 2 |   |
| Net                        interest income                      |   | $                                                                      | 7,773   |   |   | $ | 7,132 |   |   | $ | 641 |   |   | $ | - |   |
| Non-interest                        income 1                    |   |                                                                   | 1,363   |   |   |   | 1,257 |   |   |   | 123 |   |   |   | (17 | ) |
| Total                        revenue                            |   |                                                                   | 9,136   |   |   |   | 8,389 |   |   |   | 764 |   |   |   | (17 | ) |
| Provision                        for loan and lease losses      |   |                                                                   | 331     |   |   |   | 253 |   |   |   | 78 |   |   |   | - |   |
| Gain                        on sale of loans                    |   |                                                                   | 56      |   |   |   | 56 |   |   |   | - |   |   |   | - |   |
| Gain                        on sale of investment securities    |   |                                                                   | 19      |   |   |   | 19 |   |   |   | - |   |   |   | - |   |
| Non-interest                        expense                     |   |                                                                   | 6,549   |   |   |   | 6,084 |   |   |   | 482 |   |   |   | (17 | ) |
| Income                        before provision for income taxes |   |                                                                   | 2,331   |   |   |   | 2,127 |   |   |   | 204 |   |   |   | - |   |
| Provision                        for income taxes (recovery)    |   |                                                                   | (627    | ) |   |   | (703 | ) |   |   | 76 |   |   |   | - |   |
| Net                        income                               |   | $                                                                      | 2,958   |   |   | $ | 2,830 |   |   | $ | 128 |   |   | $ | - |   |
|                                                            |   |                                                                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                        assets at period-end               |   | $                                                                      | 970,362 |   |   | $ | 963,554 |   |   | $ | 75,479 |   |   | $ | (68,671 | ) |

| (in                        thousands)                           |   | At                        and for the Three Months Ended June 30, 2006 |    |
|-----------------------------------------------------------------|--------|------------------------------------------------------------------------|---------|
|                                                            |   | Total                        Company                                   |    |   | Community                        Banking |   |   | Leasing |   |   | Corporate                        and                        Other 2 |   |
| Net                        interest income                      |   | $                                                                      | 8,058   |   |   | $ | 7,321 |   |   | $ | 737 |   |   | $ | - |   |
| Non-interest                        income 1                    |   |                                                                   | 1,541   |   |   |   | 1,461 |   |   |   | 95 |   |   |   | (15 | ) |
| Total                        revenue                            |   |                                                                   | 9,599   |   |   |   | 8,782 |   |   |   | 832 |   |   |   | (15 | ) |
| Provision                        for loan and lease losses      |   |                                                                   | 314     |   |   |   | 189 |   |   |   | 125 |   |   |   | - |   |
| Non-interest                        expense                     |   |                                                                   | 6,220   |   |   |   | 5,784 |   |   |   | 451 |   |   |   | (15 | ) |
| Income                        before provision for income taxes |   |                                                                   | 3,065   |   |   |   | 2,809 |   |   |   | 256 |   |   |   | - |   |
| Provision                        for income taxes               |   |                                                                   | 951     |   |   |   | 863 |   |   |   | 88 |   |   |   | - |   |
| Net                        income                               |   | $                                                                      | 2,114   |   |   | $ | 1,946 |   |   | $ | 168 |   |   | $ | - |   |
|                                                            |   |                                                                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                        assets at period-end               |   | $                                                                      | 883,127 |   |   | $ | 877,504 |   |   | $ | 63,382 |   |   | $ | (57,759 | ) |

| (in                thousands)                           |   | At                and for the Six Months Ended June 30, 2007 |    |
|---------------------------------------------------------|--------|--------------------------------------------------------------|---------|
|                                                    |   | Total                Company                                 |    |   | Community                Banking |   |   | Leasing |   |   | Corporate                and                Other                2 |   |
| Net                interest income                      |   | $                                                            | 15,463  |   |   | $ | 14,151 |   |   | $ | 1,312 |   |   | $ | - |   |
| Non-interest                income 1                    |   |                                                         | 2,842   |   |   |   | 2,642 |   |   |   | 234 |   |   |   | (34 | ) |
| Total                revenue                            |   |                                                         | 18,305  |   |   |   | 16,793 |   |   |   | 1,546 |   |   |   | (34 | ) |
| Provision                for loan and lease losses      |   |                                                         | 644     |   |   |   | 476 |   |   |   | 168 |   |   |   | - |   |
| Gain                on sale of loans                    |   |                                                         | 56      |   |   |   | 56 |   |   |   | - |   |   |   | - |   |
| Gain                on sale of investment securities    |   |                                                         | 160     |   |   |   | 160 |   |   |   | - |   |   |   | - |   |
| Non-interest                expense                     |   |                                                         | 13,029  |   |   |   | 12,096 |   |   |   | 967 |   |   |   | (34 | ) |
| Income                before provision for income taxes |   |                                                         | 4,848   |   |   |   | 4,437 |   |   |   | 411 |   |   |   | - |   |
| Provision                for income taxes               |   |                                                         | 162     |   |   |   | 9 |   |   |   | 153 |   |   |   | - |   |
| Net                income                               |   | $                                                            | 4,686   |   |   | $ | 4,428 |   |   | $ | 258 |   |   | $ | - |   |
|                                                    |   |                                                         |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                assets at period-end               |   | $                                                            | 970,362 |   |   | $ | 963,554 |   |   | $ | 75,479 |   |   | $ | (68,671 | ) |

| (in                thousands)                           |   | At                and for the Six Months Ended June 30, 2006 |    |
|---------------------------------------------------------|--------|--------------------------------------------------------------|---------|
|                                                    |   | Total                Company                                 |    |   | Community                Banking |   |   | Leasing |   |   | Corporate                and                Other                2 |   |
| Net                interest income                      |   | $                                                            | 16,348  |   |   | $ | 14,941 |   |   | $ | 1,407 |   |   | $ | - |   |
| Non-interest                income 1                    |   |                                                         | 2,845   |   |   |   | 2,696 |   |   |   | 179 |   |   |   | (30 | ) |
| Total                revenue                            |   |                                                         | 19,193  |   |   |   | 17,637 |   |   |   | 1,586 |   |   |   | (30 | ) |
| Provision                for loan and lease losses      |   |                                                         | 314     |   |   |   | 189 |   |   |   | 125 |   |   |   | - |   |
| Gain                on sale of investment securities    |   |                                                         | 28      |   |   |   | 28 |   |   |   | - |   |   |   | - |   |
| Non-interest                expense                     |   |                                                         | 12,180  |   |   |   | 11,280 |   |   |   | 930 |   |   |   | (30 | ) |
| Income                before provision for income taxes |   |                                                         | 6,727   |   |   |   | 6,196 |   |   |   | 531 |   |   |   | - |   |
| Provision                for income taxes               |   |                                                         | 2,151   |   |   |   | 1,969 |   |   |   | 182 |   |   |   | - |   |
| Net                income                               |   | $                                                            | 4,576   |   |   | $ | 4,227 |   |   | $ | 349 |   |   | $ | - |   |
|                                                    |   |                                                         |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                assets at period-end               |   | $                                                            | 883,127 |   |   | $ | 877,504 |   |   | $ | 63,382 |   |   | $ | (57,759 | ) |

----

*Table          of Contents*

**6.    Directors’      Retirement Plan**

| (in                thousands)                                 |   | Six                Months Ended |   |
|---------------------------------------------------------------|--------|---------------------------------|--------|
|                                                          |   | June                30,         |   |
|                                                          |   | 2007                            |   |   | 2006 |   |
| Service                cost                                   |   | $                               | 11     |   |   | $ | 16 |   |
| Interest                cost                                  |   |                            | 8      |   |   |   | 25 |   |
|    Net                periodic benefit expense |   | $                               | 19     |   |   | $ | 41 |   |

**7.   Income      Taxes**

**8.   New      Accounting Pronouncements**

**Fair      Value Measurements**

*Fair Value Measurements*

**Accounting      for Defined Benefit Pension and Other Postretirement Plans**

*Employers’ Accounting for      Defined Benefit Pension and Other Postretirement Plans—an amendment of FASB      Statements No. 87, 88, 106 and 132(R)*

----

*Table          of Contents*

**Fair      Value Option for Financial Assets and Liabilities**

*The Fair Value Option for      Financial Assets and Financial Liabilities—Including an amendment of FASB      Statement No. 115*

**Item      2.  Management's Discussion and Analysis of Financial      Condition and Results of Operations.**

**Significant      Accounting Policies, Judgments and Estimates**

----

*Table          of Contents*

*Goodwill and Intangible Assets*

**Business      Overview**

**Earnings      Summary**

**Consolidated**

----

*Table          of Contents*

**Business      Segments**

**Net      Interest Income**

| (tax                equivalent basis, dollars in thousands)                                                                                                                                                                                                                                                                                                                 |   | Three                Months Ended June 30,  |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                             |   | 2007                                        |   | 2006  |
|                                                                                                                                                                                                                                                                                                                                                                             |   | Average                                          |   |   | Interest |   |   | Yield/  |   | Average |   |   | Interest |   |   | Yield/  |
| **ASSETS**                                                                                                                                                                                                                                                                                                                                                                       |   | Balance                                          |   |   | Earned/Paid |   |   | Rate  |   | Balance |   |   | Earned/Paid |   |   | Rate  |
| Earning                Assets:                                                                                                                                                                                                                                                                                                                                                   |   |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Investment                securities                                                                                                                                                                                                                                                                                                                                             |   | $                                                | 99,342 |   |   | $ | 1,412 |   |   |   | 5.70 | % |   | $ | 120,686 |   |   | $ | 1,434 |   |   |   | 4.77 | % |
| Due                from banks - interest-bearing                                                                                                                                                                                                                                                                                                                                 |   |                                             | 13,102 |   |   |   | 198 |   |   |   | 6.06 | % |   |   | 6,447 |   |   |   | 77 |   |   |   | 4.79 | % |
| Federal                funds sold                                                                                                                                                                                                                                                                                                                                                |   |                                             | 36,179 |   |   |   | 473 |   |   |   | 5.24 | % |   |   | 7,171 |   |   |   | 90 |   |   |   | 5.03 | % |
| Loans                and leases, net unearned income                1                                                                                                                                                                                                                                                                                                            |   |                                             | 757,746 |   |   |   | 13,185 |   |   |   | 6.98 | % |   |   | 677,620 |   |   |   | 11,851 |   |   |   | 7.01 | % |
|             Total                earning assets                                                                                                                                                                                                                                                                      |   |                                             | 906,369 |   |   |   | 15,268 |   |   |   | 6.76 | % |   |   | 811,924 |   |   |   | 13,452 |   |   |   | 6.65 | % |
| Less:                Allowance for loan and lease losses                                                                                                                                                                                                                                                                                                                         |   |                                             | (10,450 | ) |   |   |   |   |   |   |   |   |   |   | (9,535 | ) |   |   |   |   |   |   |   |   |
| All                other assets                                                                                                                                                                                                                                                                                                                                                  |   |                                             | 79,749 |   |   |   |   |   |   |   |   |   |   |   | 74,849 |   |   |   |   |   |   |   |   |   |
|            Total                assets                                                                                                                                                                                                                                                                                    |   | $                                                | 975,668 |   |   |   |   |   |   |   |   |   |   | $ | 877,238 |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                             |   |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **LIABILITIES                AND SHAREHOLDERS’ EQUITY**                                                                                                                                                                                                                                                                                                                    |   |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing                Liabilities:                                                                                                                                                                                                                                                                                                                                     |   |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Int-bearing                checking, money market and savings                                                                                                                                                                                                                                                                                                  |   | $                                                | 386,327 |   |   | $ | 3,281 |   |   |   | 3.41 | % |   | $ | 330,988 |   |   | $ | 2,055 |   |   |   | 2.49 | % |
|    Time                deposits                                                                                                                                                                                                                                                                                                                                   |   |                                             | 201,872 |   |   |   | 2,365 |   |   |   | 4.70 | % |   |   | 186,733 |   |   |   | 1,685 |   |   |   | 3.62 | % |
|    Federal                funds and other borrowings 2                                                                                                                                                                                                                                                                                                            |   |                                             | 104,340 |   |   |   | 1,273 |   |   |   | 4.89 | % |   |   | 87,144 |   |   |   | 1,074 |   |   |   | 4.94 | % |
|    Subordinated                debentures                                                                                                                                                                                                                                                                                                                         |   |                                             | 24,743 |   |   |   | 507 |   |   |   | 8.22 | % |   |   | 24,743 |   |   |   | 507 |   |   |   | 8.22 | % |
|           Total                interest-bearing liabilities                                                                                                                                                                                                                                                                    |   |                                             | 717,282 |   |   |   | 7,426 |   |   |   | 4.15 | % |   |   | 629,608 |   |   |   | 5,321 |   |   |   | 3.39 | % |
| Non                interest-bearing deposits                                                                                                                                                                                                                                                                                                                                     |   |                                             | 176,257 |   |   |   |   |   |   |   |   |   |   |   | 171,577 |   |   |   |   |   |   |   |   |   |
| Other                liabilities                                                                                                                                                                                                                                                                                                                                                 |   |                                             | 13,898 |   |   |   |   |   |   |   |   |   |   |   | 8,583 |   |   |   |   |   |   |   |   |   |
| Shareholders'                equity                                                                                                                                                                                                                                                                                                                                              |   |                                             | 68,231 |   |   |   |   |   |   |   |   |   |   |   | 67,470 |   |   |   |   |   |   |   |   |   |
|           Total                liabilities and shareholders' equity                                                                                                                                                                                                                                                            |   | $                                                | 975,668 |   |   |   |   |   |   |   |   |   |   | $ | 877,238 |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                             |   |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                interest income and rate spread                                                                                                                                                                                                                                                                                                                               |   |                                             |   |   |   |   | 7,842 |   |   |   | 2.60 | % |   |   |   |   |   |   | 8,131 |   |   |   | 3.26 | % |
| Tax                equivalent basis adjustment                                                                                                                                                                                                                                                                                                                                   |   |                                             |   |   |   |   | (69 | ) |   |   |   |   |   |   |   |   |   |   | (73 | ) |   |   |   |   |
| Net                interest income                                                                                                                                                                                                                                                                                                                                               |   |                                             |   |   |   | $ | 7,773 |   |   |   |   |   |   |   |   |   |   | $ | 8,058 |   |   |   |   |   |
| Net                interest margin 3                                                                                                                                                                                                                                                                                                                                             |   |                                             |   |   |   |   |   |   |   |   | 3.47 | % |   |   |   |   |   |   |   |   |   |   | 4.02 | % |
|                                                                                                                                                                                                                                                                                                                                                                             |   |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 1 Includes                nonaccrual loans, the effect of which is to reduce the yield earned                on                loans.2 Includes                federal funds purchased, securities sold under agreements to purchase,                and                FHLB advances. 3 Net                interest income divided by total earning assets. |   |

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*Table          of Contents*

| (tax                equivalent basis, dollars in thousands)                                                                                                                                                                                                                                                                                                                 |   | Six                Months Ended June 30,  |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                             |   | 2007                                      |   | 2006  |
|                                                                                                                                                                                                                                                                                                                                                                             |   | Average                                        |   |   | Interest |   |   | Yield/  |   | Average |   |   | Interest |   |   | Yield/  |
| **ASSETS**                                                                                                                                                                                                                                                                                                                                                                       |   | Balance                                        |   |   | Earned/Paid |   |   | Rate  |   | Balance |   |   | Earned/Paid |   |   | Rate  |
| Earning                Assets:                                                                                                                                                                                                                                                                                                                                                   |   |                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Investment                securities                                                                                                                                                                                                                                                                                                                                             |   | $                                              | 100,822 |   |   | $ | 2,875 |   |   |   | 5.75 | % |   | $ | 126,535 |   |   | $ | 2,890 |   |   |   | 4.61 | % |
| Due                from banks - interest-bearing                                                                                                                                                                                                                                                                                                                                 |   |                                           | 13,804 |   |   |   | 386 |   |   |   | 5.64 | % |   |   | 8,192 |   |   |   | 186 |   |   |   | 4.58 | % |
| Federal                funds sold                                                                                                                                                                                                                                                                                                                                                |   |                                           | 33,865 |   |   |   | 890 |   |   |   | 5.30 | % |   |   | 13,644 |   |   |   | 310 |   |   |   | 4.58 | % |
| Loans                and leases, net unearned income                1                                                                                                                                                                                                                                                                                                            |   |                                           | 744,207 |   |   |   | 25,800 |   |   |   | 6.99 | % |   |   | 671,731 |   |   |   | 23,459 |   |   |   | 7.04 | % |
|             Total                earning assets                                                                                                                                                                                                                                                                      |   |                                           | 892,698 |   |   |   | 29,951 |   |   |   | 6.77 | % |   |   | 820,102 |   |   |   | 26,845 |   |   |   | 6.60 | % |
| Less:                Allowance for loan and lease losses                                                                                                                                                                                                                                                                                                                         |   |                                           | (10,291 | ) |   |   |   |   |   |   |   |   |   |   | (9,553 | ) |   |   |   |   |   |   |   |   |
| All                other assets                                                                                                                                                                                                                                                                                                                                                  |   |                                           | 79,474 |   |   |   |   |   |   |   |   |   |   |   | 76,087 |   |   |   |   |   |   |   |   |   |
|            Total                assets                                                                                                                                                                                                                                                                                    |   | $                                              | 961,881 |   |   |   |   |   |   |   |   |   |   | $ | 886,636 |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                             |   |                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **LIABILITIES                AND SHAREHOLDERS’ EQUITY**                                                                                                                                                                                                                                                                                                                    |   |                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing                Liabilities:                                                                                                                                                                                                                                                                                                                                     |   |                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Int-bearing                checking, money market and savings                                                                                                                                                                                                                                                                                                  |   | $                                              | 375,302 |   |   | $ | 6,192 |   |   |   | 3.33 | % |   | $ | 329,833 |   |   | $ | 3,875 |   |   |   | 2.37 | % |
|    Time                deposits                                                                                                                                                                                                                                                                                                                                   |   |                                           | 197,428 |   |   |   | 4,504 |   |   |   | 4.60 | % |   |   | 191,402 |   |   |   | 3,342 |   |   |   | 3.52 | % |
|    Federal                funds and other borrowings 2                                                                                                                                                                                                                                                                                                            |   |                                           | 108,183 |   |   |   | 2,640 |   |   |   | 4.92 | % |   |   | 88,449 |   |   |   | 2,132 |   |   |   | 4.86 | % |
|    Subordinated                debentures                                                                                                                                                                                                                                                                                                                         |   |                                           | 24,743 |   |   |   | 1,014 |   |   |   | 8.26 | % |   |   | 24,743 |   |   |   | 1,014 |   |   |   | 8.26 | % |
|           Total                interest-bearing liabilities                                                                                                                                                                                                                                                                    |   |                                           | 705,656 |   |   |   | 14,350 |   |   |   | 4.10 | % |   |   | 634,427 |   |   |   | 10,363 |   |   |   | 3.29 | % |
| Non                interest-bearing deposits                                                                                                                                                                                                                                                                                                                                     |   |                                           | 172,920 |   |   |   |   |   |   |   |   |   |   |   | 175,613 |   |   |   |   |   |   |   |   |   |
| Other                liabilities                                                                                                                                                                                                                                                                                                                                                 |   |                                           | 15,393 |   |   |   |   |   |   |   |   |   |   |   | 9,957 |   |   |   |   |   |   |   |   |   |
| Shareholders'                equity                                                                                                                                                                                                                                                                                                                                              |   |                                           | 67,912 |   |   |   |   |   |   |   |   |   |   |   | 66,639 |   |   |   |   |   |   |   |   |   |
|           Total                liabilities and shareholders' equity                                                                                                                                                                                                                                                            |   | $                                              | 961,881 |   |   |   |   |   |   |   |   |   |   | $ | 886,636 |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                             |   |                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                interest income and rate spread                                                                                                                                                                                                                                                                                                                               |   |                                           |   |   |   |   | 15,601 |   |   |   | 2.67 | % |   |   |   |   |   |   | 16,482 |   |   |   | 3.31 | % |
| Tax                equivalent basis adjustment                                                                                                                                                                                                                                                                                                                                   |   |                                           |   |   |   |   | (138 | ) |   |   |   |   |   |   |   |   |   |   | (134 | ) |   |   |   |   |
| Net                interest income                                                                                                                                                                                                                                                                                                                                               |   |                                           |   |   |   | $ | 15,463 |   |   |   |   |   |   |   |   |   |   | $ | 16,348 |   |   |   |   |   |
| Net                interest margin 3                                                                                                                                                                                                                                                                                                                                             |   |                                           |   |   |   |   |   |   |   |   | 3.52 | % |   |   |   |   |   |   |   |   |   |   | 4.05 | % |
|                                                                                                                                                                                                                                                                                                                                                                             |   |                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 1 Includes                nonaccrual loans, the effect of which is to reduce the yield earned                on                loans.2 Includes                federal funds purchased, securities sold under agreements to purchase,                and                FHLB advances. 3 Net                interest income divided by total earning assets. |   |

**Provision      for Loan and Lease Losses**

**Non-Interest      Income**

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*Table          of Contents*

**Non-Interest      Expense**

**Provision      for Income Taxes**

**FINANCIAL      CONDITION**

**ASSETS**

----

*Table          of Contents*

**Loans      and Leases**

| (in                thousands)                                                                               |   | June                30, |    |   | December                31, |   |
|-------------------------------------------------------------------------------------------------------------|--------|-------------------------|---------|--------|-----------------------------|--------|
|                                                                                                        |   | 2007                    |    |   | 2006                        |   |
| Loans                secured by 1 to 4 family residential properties                                        |   | $                       | 146,674 |   |                        | $      | 145,000 |   |
| Loans                secured by multifamily residential properties                                          |   |                    | 44,663  |   |                        |   | 41,749 |   |
| Loans                secured by nonresidential properties                                                   |   |                    | 409,269 |   |                        |   | 381,849 |   |
| Loans                to individuals                                                                         |   |                    | 2,542   |   |                        |   | 2,785 |   |
| Commercial                loans                                                                             |   |                    | 36,307  |   |                        |   | 36,012 |   |
| Construction                loans                                                                           |   |                    | 44,116  |   |                        |   | 43,350 |   |
| Lease                financing receivables, net                                                             |   |                    | 76,194  |   |                        |   | 71,214 |   |
| Other                loans                                                                                  |   |                    | 2,096   |   |                        |   | 651 |   |
|      Total                loans and leases                                         |   |                    | 761,861 |   |                        |   | 722,610 |   |
|           Less:  Unearned                income |   |                    | (1,220  | )      |                        |   | (1,180 | ) |
|      Loans                and leases, net of unearned income                       |   | $                       | 760,641 |   |                        | $      | 721,430 |   |

**Nonperforming      Assets**

| (dollars                in thousands)                                             |   | June                30, |   |   | December                31, |   |
|-----------------------------------------------------------------------------------|--------|-------------------------|--------|--------|-----------------------------|--------|
|                                                                              |   | 2007                    |   |   | 2006                        |   |
| Nonaccruing                loans and leases                                       |   | $                       | 1,977  |   |                        | $      | 987 |   |
| Renegotiated                loans                                                 |   |                    | 63     |   |                        |   | 98 |   |
|      Total                nonperforming loans and leases |   |                    | 2,040  |   |                        |   | 1,085 |   |
| Loans                past due 90 days and accruing                                |   |                    | -      |   |                        |   | - |   |
| Other                real estate owned, net                                       |   |                    | 349    |   |                        |   | 349 |   |
|      Total                nonperforming assets           |   | $                       | 2,389  |   |                        | $      | 1,434 |   |
|                                                                              |   |                    |   |   |                        |   |   |   |
| Nonperforming                assets to total assets                               |   |                    | 0.25%  |   |                        |   | 0.15% |   |
| Nonperforming                loans and leases to total loans and leases           |   |                    | 0.27%  |   |                        |   | 0.15% |   |
| Nonperforming                assets to total loans and leases and                 |   |                    |   |   |                        |   |   |   |
|      other                real estate owned              |   |                    | 0.31%  |   |                        |   | 0.20% |   |

**Impaired      Loans**

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*Table          of Contents*

| (in                thousands)              |   | June                30,                  |   |   | December                31, |   |
|--------------------------------------------|--------|------------------------------------------|--------|--------|-----------------------------|--------|
|                                       |   | 2007                                     |   |   | 2006                        |   |
| Recorded                investment         |   | $                                        | 1,745  |   |                        | $      | 687 |   |
| Valuation                allowance         |   |                                     | 200    |   |                        |   | - |   |
|                                       |   |                                     |   |   |                        |   |   |   |
|                                       |   | Six                Months Ended June 30, |   |
|                                       |   | 2007                                     |   |   | 2006                        |   |
| Average                recorded investment |   | $                                        | 1,517  |   |                        | $      | 828 |   |
| Interest                income recognized  |   |                                     | 76     |   |                        |   | 41 |   |

**Allowance      for Loan and Lease Losses**

| (dollars                in thousands)                                         |   | Six                Months Ended June                30, |   |
|-------------------------------------------------------------------------------|--------|--------------------------------------------------------------|--------|
|                                                                          |   | 2007                                                         |   |   | 2006 |   |
|                                                                          |   |                                                         |   |   |   |   |
| Balance                at January 1                                           |   | $                                                            | 10,022 |   |   | $ | 9,478 |   |
| Charge-offs:                                                                  |   |                                                         |   |   |   |   |   |   |
|      Commercial                                      |   |                                                         | -      |   |   |   | (25 | ) |
|      Lease                financing receivables      |   |                                                         | (147   | ) |   |   | (164 | ) |
|      Credit                cards and related plans   |   |                                                         | -      |   |   |   | (3 | ) |
|                                                                          |   |                                                         | (147   | ) |   |   | (192 | ) |
| Recoveries:                                                                   |   |                                                         |   |   |   |   |   |   |
|      Commercial                                      |   |                                                         | 66     |   |   |   | - |   |
|      Lease                financing receivables      |   |                                                         | 7      |   |   |   | 79 |   |
|      Installment                loans to individuals |   |                                                         | 11     |   |   |   | - |   |
|      Credit                cards and related plans   |   |                                                         | -      |   |   |   | 2 |   |
|                                                                          |   |                                                         | 84     |   |   |   | 81 |   |
| Net                charge-offs                                                |   |                                                         | (63    | ) |   |   | (111 | ) |
| Provision                charged to operations                                |   |                                                         | 644    |   |   |   | 314 |   |
| Balance                at June 30                                             |   | $                                                            | 10,603 |   |   | $ | 9,681 |   |
|                                                                          |   |                                                         |   |   |   |   |   |   |
| Net                charge-offs to average loans and leases (annualized)       |   |                                                         | (0.02% | ) |   |   | (0.03% | ) |

**Investment      Securities**

**LIABILITIES**

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*Table          of Contents*

**Deposits**

**Subordinated      Debentures**

**Liquidity**

**Operating,      Investing and Financing Cash**

**Capital      Adequacy, Regulatory Capital Ratios and Dividends**

----

*Table          of Contents*

|                                                       |   |         |   |                                   |        |             |   |                             |   |                                   |   |   |   | To                Be Well-Capitalized  |
|------------------------------------------------------------|--------|--------------|--------|----------------------------------------|-------------|------------------|--------|----------------------------------|--------|----------------------------------------|--------|--------|--------|---------------------------------------------|
|                                                       |   |         |   |                                   |        |             |   |                             |   |                                   |   |   |   | Under                Prompt            |
|                                                       |   |         |   |                                   |        |             |   | For                Capital  |   | Corrective                Action  |
|  (dollars                in                thousands) |   | Actual  |   | Adequacy                Purposes  |        | Provisions  |
|                                                       |   | Amount       |   |                                   | Ratio  |             | Amount |                             |   | Ratio                             |   | Amount |   |                                        | Ratio  |
| Total                risk-based capital                    |   |         |   |                                   |        |             |   |                             |   |                                   |   |   |   |                                        |   |   |   |   |
|    Greater                Community Bancorp |   | $            | 93,150 |                                   |        |             | 11.73  | %                                |   | $                                      | 63,529 |   |   |                                        | 8.00 | % |   |   | n/a |   |   |   | n/a |
|    Greater                Community Bank    |   |         | 89,220 |                                   |        |             | 11.29  | %                                |   |                                   | 63,221 |   |   |                                        | 8.00 | % |   | $ | 79,026 |   |   |   | 10.00 | % |
|                                                       |   |         |   |                                   |        |             |   |                             |   |                                   |   |   |   |                                        |   |   |   |   |   |   |   |   |   |   |
| Tier                1 risk-based capital                   |   |         |   |                                   |        |             |   |                             |   |                                   |   |   |   |                                        |   |   |   |   |   |   |   |   |   |   |
|    Greater                Community Bancorp |   |         | 80,474 |                                   |        |             | 10.14  | %                                |   |                                   | 31,745 |   |   |                                        | 4.00 | % |   |   | n/a |   |   |   | n/a |   |
|    Greater                Community Bank    |   |         | 79,408 |                                   |        |             | 10.04  | %                                |   |                                   | 31,637 |   |   |                                        | 4.00 | % |   |   | 47,455 |   |   |   | 6.00 | % |
|                                                       |   |         |   |                                   |        |             |   |                             |   |                                   |   |   |   |                                        |   |   |   |   |   |   |   |   |   |   |
| Tier                1 leverage capital                     |   |         |   |                                   |        |             |   |                             |   |                                   |   |   |   |                                        |   |   |   |   |   |   |   |   |   |   |
|    Greater                Community Bancorp |   |         | 80,474 |                                   |        |             | 8.35   | %                                |   |                                   | 38,551 |   |   |                                        | 4.00 | % |   |   | n/a |   |   |   | n/a |
|    Greater                Community Bank    |   |         | 79,408 |                                   |        |             | 8.28   | %                                |   |                                   | 38,361 |   |   |                                        | 4.00 | % |   |   | 47,952 |   |   |   | 5.00 | % |
|                                                       |   |         |   |                                   |        |             |   |                             |   |                                   |   |   |   |                                        |   |   |   |   |   |   |   |   |   |   |
| n/a                =  not applicable             |   |         |   |                                   |        |             |   |                             |   |                                   |   |   |   |                                        |   |   |   |   |   |   |   |   |   |   |

**Some      Specific Factors Affecting Future Results of Operations**

**Item      3.  Quantitative and Qualitative Disclosures About      Market Risk.**

**Item4.  Controls      and Procedures.**

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*Table          of Contents*

**PART      II - OTHER INFORMATION**

**Item      1.  Legal Proceedings.**

**Item      1A.  Risk Factors.**

**Item      2.  Unregistered Sales of Equity Securities and Use of      Proceeds.**

**Item      3.  Defaults Upon Senior Securities.**

**Item      4.  Submission of Matters to a Vote of Security      Holders.**

| Name                of Nominee       | Votes                For | Votes                Withheld |
|--------------------------------------|--------------------------|-------------------------------|
| Anthony                M. Bruno, Jr. | 6,017,371                | 157,028                       |
| Angelo                J. Genova      | 6,017,535                | 156,863                       |
| Alfred                R. Urbano      | 6,016,146                | 158,252                       |

**Item      5.  Other Information.**

**Item      6.  Exhibits.**

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*Table          of Contents*

**SIGNATURES**

|                                                          | **GREATER                COMMUNITY BANCORP** |                                            |
|---------------------------------------------------------------|----------------------------------------------|-------------------------------------------------|
|                                                          |                                         |                                            |   |
|                                                          |                                         |                                            |   |
| Date:                August  9,                2007 | By:                                          | */s/                Stephen J. Mauger*          |   |
|                                                          |                                         | Stephen                J. Mauger                |   |
|                                                          |                                         | Senior                Vice President, Treasurer |   |
|                                                          |                                         | and                Chief Financial Officer      |   |

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*Table          of Contents*

**Exhibit      Index**

| Exhibit No.          |   | Description                of Exhibit                                                                                                                                                                                                                                                                                                           |   |
|---------------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                      |   |                                                                                                                                                                                                                                                                                                                                            |   |
|                  4.7 |   | Junior                Subordinated Indenture between Greater Community Bancorp and Wilmington                Trust Company as Trustee, dated July 2, 2007                                                                                                                                                                                       |   |
|                      |   |                                                                                                                                                                                                                                                                                                                                            |   |
|                  4.8 |   | Amended                and Restated Trust Agreement among Greater Community Bancorp as Depositor,                Wilmington Trust Company as Property Trustee, Wilmington Trust Company                as                Delaware Trustee and the Administrative Trustees named therein, dated                July                2, 2007  |
|                      |   |                                                                                                                                                                                                                                                                                                                                            |   |
|   4.9           |   | Guarantee                Agreement between Greater Community Bancorp as Guarantor and Wilmington                Trust Company as Guarantee Trustee, dated July 2, 2007                                                                                                                                                                          |   |
|                      |   |                                                                                                                                                                                                                                                                                                                                            |   |
| 4.10                      |   | Purchase                Agreement among Greater Community Bancorp, GCB Capital Trust III                and TWE,                Ltd. as Purchaser, dated July 2, 2007                                                                                                                                                                           |   |
|                      |   |                                                                                                                                                                                                                                                                                                                                            |   |
| 31.1                      |   | Certification                of Chief Executive Officer dated August 9, 2007                                                                                                                                                                                                                                                                    |   |
|                      |   |                                                                                                                                                                                                                                                                                                                                            |   |
| 31.2                      |   | Certification                of Chief Financial Officer dated August 9, 2007                                                                                                                                                                                                                                                                    |   |
|                      |   |                                                                                                                                                                                                                                                                                                                                            |   |
| 32.1                      |   | Certification                of Officers pursuant to 18 U.S.C. Section 1350 dated August 9,                2007                                                                                                                                                                                                                                 |   |
|                      |   |                                                                                                                                                                                                                                                                                                                                            |   |
|                      |   |                                                                                                                                                                                                                                                                                                                                            |   |
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