November 17, 2009


Dear Shareholders and Customers:

Above is the summary financial report for Northwest Community Bancorp, including its wholly-owned subsidiary Shoreline Bank, as of and for the nine months ended September 30, 2009. 2009 continues to be a challenging year. The unemployment rate has been increasing, commercial and residential real estate markets remain unstable and when we will “reach the bottom” is anyone’s guess.

We have had some success addressing problems in our loan portfolio but we have much more work to do. Between December 31, 2008 and September 30, 2009 our residential construction and land development loans loan balances have been reduced by $25 million. We believe that further meaningful reductions are achievable over the next twelve months through sales of loans or loan workouts . For additional information about bank-owned real estate, please view the “bank-owned real estate” link on our main page or call me directly.

The continuing weakness in real estate values has resulted in significant increases in our provisions for loan losses, loan collection and disposition costs and legal expenses related to the foreclosure process. The Company’s net loss for the nine months ended September 30, 2009 was $6.7 million compared to a loss of $865,000 for the nine months ended September 30, 2008. At September 30, 2009, the Bank’s Tier One capital ratio was 6.42%. The Company’s Board of Directors and management are working on plans to strengthen our capital base. We are examining all strategies and will keep you informed of our progress.

While new commercial loan demand has been lower because of the economy, our deposit growth has been very respectable. Each of our three branches and our business banking staff has made great strides in broadening account relationships within the community. We continue to appreciate and welcome new account holders. Remember that deposit accounts are fully insured up to $250,000 and that this amount can be increased depending on the structure of the deposit relationship. We are working with our customers on how to maximize their FDIC insurance coverage.

As I have previously indicated, our Bank and many others are subject to heightened scrutiny by bank regulators. Your Board and management are actively engaged in productive dialogue with the FDIC and State regulators to identify strategies to improve the financial condition of the Bank. We expect to soon announce plans confirming our resolve to strengthen our capital position, improve asset quality, reduce operating expenses further, maintain strong liquidity, and return the Bank to profitability within a reasonable period of time. We remain totally committed to adopt such plans and take action. We will do this all the while being mindful of our commitment to customer service and to this community.

These are difficult times. We appreciate your continued support and welcome any questions you may have.

Sincerely,

Jeffrey P. Lewis

President and CEO