Peoples Community Capital (PPLM) 8-K Financial statements and exhibits

Exhibit 99.1

PEOPLE’S COMMUNITY CAPITAL CORPORATION (PPLM)

July 20, 2004	FOR MORE INFORMATION, CALL
FOR IMMEDIATE RELEASE	TOMMY B. WESSINGER, CEO or
	THOMAS H. LYLES, PRESIDENT
	AT (803) 641-0142

PEOPLE’S COMMUNITY CAPITAL CORPORATION REPORTS 24% INCREASE IN SECOND QUARTER EARNINGS

AIKEN, SOUTH CAROLINA, July 20, 2004 – – PEOPLE’S COMMUNITY CAPITAL CORPORATION (OTCBB:PPLM), holding company for PEOPLE’S COMMUNITY BANK, announced that for the three months ended June 30, 2004 net income increased to $366,739, or $0.31 per basic common share, compared to $296,494, or $0.26 per basic common share for 2003, an increase of 24%. For the six month period ended June 30, 2004, net income was $685,234, or $0.59 per basic common share, compared to $528,672, or $0.46 per basic common share for the same period in 2003, an increase of 30%. All per share amounts have been adjusted for stock dividends paid.

Total assets for the company were $121 million at June 30, 2004, an 11% increase over December 31, 2003 and June 30, 2003 amounts. Net loans grew to $71 million, representing a 9% increase since last year-end and an increase of 14% since June 30, 2003. Deposits were at $105 million, a 13% increase since December 31, 2003 and a 12% increase over the same quarter last year.

The company’s allowance for credit losses was increased by $62,000 for the quarter ended June 30, 2004, bringing the ending reserve to $1,030,000, or 1.42% of loans. There were $57,000 of net loans charged off in the second quarter of 2004 compared to net recoveries of $800 in the second quarter of 2003. Total net charge-offs for the first half of 2004 were $28,000 (including $29,000 in net recoveries from the first quarter) compared to net recoveries of $800 through June 30, 2003. There were no loans classified as non-performing at June 30, 2004 compared to $1,861 of non-performing loans at June 30, 2003.

People’s Community Capital Corporation is a bank holding company for People’s Community Bank of South Carolina in Aiken with three principal banking offices at 1715 Whiskey Road and 125 Park Avenue in Aiken and 518 Georgia Avenue in North Augusta. The Company’s stock is quoted on the OTC Bulletin Board under the symbol PPLM. Internet banking is offered through the bank’s web site atwww.pcbOnline.net.

Certain statements in this news release contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to future growth and expectations, and are thus prospective. Such forward-looking statements are subject to risks, uncertainties, and other factors, such as a downturn in the economy, greater than expected noninterest expenses or excessive loan losses which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements.

Although we believe that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove to be inaccurate. Therefore, we can give no assurance that the results contemplated in the forward-looking statements will be realized. The inclusion of this forward-looking information should not be construed as a representation by our company or any person that the future events, plans, or expectations contemplated by our company will be achieved. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

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PEOPLE’S COMMUNITY CAPITAL CORPORATION

Selected Financial Information
(In thousands, except per share data)

	Three Months Ended				Six Months Ended
	June 30				June 30
	(unaudited)				(unaudited)
Condensed Results of Operations	2004		2003		2004		2003
Interest income	$	1,461	$	1,258	$	2,812	$	2,470
Interest expense		282		352		541		712
Net interest income		1,179		906		2,271		1,758
Provision for possible loan losses		62		29		118		59
Non-interest income		216		277		424		563
Salaries and employee benefits expense		467		396		896		846
Occupancy and equipment expense		80		92		157		174
Other non-interest expense		226		212		481		452
Operating income before provision for taxes		560		454		1,043		790
Provision for income taxes		193		157		358		261
Net income	$	367	$	297	$	685	$	529
Income per share of common stock : (See note)
Basic	$	0.31	$	0.26	$	0.59	$	0.46
Diluted	$	0.29	$	0.24	$	0.54	$	0.43
Weighted average shares outstanding :
Basic		1,165,898		1,153,197		1,152,405		1,144,736
Diluted		1,282,508		1,254,171		1,267,678		1,234,408

Other Data
Average interest-earning assets	$	115,439		$	101,395		$	110,967		$	98,863
Average interest-bearing liabilities	$	92,401		$	80,829		$	88,330		$	79,171
Net interest margin		4.08	%		3.59	%		4.09	%		3.59	%
Return on average equity		11.36	%		10.02	%		10.55	%		9.00	%
Return on average assets		1.20	%		1.10	%		1.17	%		1.01	%

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	June 30			December 31			June 30
Selected Balance Sheet Data	2004			2003			2003
	(unaudited)			(audited)			(unaudited)
Total assets	$	121,460		$	109,128		$	109,485
Loans receivable,		71,179			65,301			62,288
Federal funds sold		39			659			6,414
Short-term investments		2,096			1,721			2,925
Investment securities		41,175			35,257			29,812
Deposits		105,111			93,238			93,890
Shareholders' equity		12,722			12,366			12,191
Shareholders' equity per common share (See note)	$	10.79		$	10.86		$	10.57
Loan allowance to loans and leases		1.42	%		1.42	%		1.42	%
Net loans to deposits		67.70	%		70.04	%		66.34	%
Net charge-offs to average loans		0.04	%		0.02	%		0.00	%

NOTE:  Per share data has been adjusted to reflect all stock dividends paid

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