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Contacts:
Steven E. Brady, President and CEO
Donald F. Morgenweck, CFO
(609) 399-0012

PRESS RELEASE

OCEAN SHORE HOLDING CO. REPORTS 1ST QUARTER EARNINGS

Ocean City, New Jersey - April 25, 2007 - Ocean Shore Holding Co. (NASDAQ:
OSHC) today announced net income of $501,000 or $.06 per basic and diluted share
for the quarter ended March 31, 2007, as compared to $703,000 or $.08 per basic
and diluted share for the first quarter of 2006.

Ocean Shore Holding Co. (the "Company") is the holding company for Ocean
City Home Bank (the "Bank"), a federal savings bank headquartered in Ocean City,
New Jersey. The Bank operates a total of eight full-service banking offices in
eastern New Jersey.

"While we are pleased to report continued growth of the loan portfolio
funded primarily with core deposits, the current interest rate environment has
narrowed the available spreads resulting in lower net interest income," said
Steven E. Brady, President and CEO. "Although our earnings have been impacted by
this challenging environment, we continue to make progress in growing the Bank
and building our franchise."

TOTAL ASSETS AND DEPOSITS GROW

Total assets grew $12.2 million, or 2.2%, to $574.5 million at March 31,
2007 from December 31, 2006. Loans receivable, net, grew $5.7 million, or 1.3%,
to $439.0 million on steady loan activity, while investment and mortgage-backed
securities remained unchanged at $68 million. Growth in real estate mortgage
loans of $9.3 million and commercial loans of $400,000 was offset by a decline
in consumer loans of $1.4 million and construction loans of $2.6 million.

Deposits grew $11.5 million, or 2.8%, to $428.5 million at March 31, 2007
from December 31, 2006. The Company continued its focus on core deposits, which
increased $10.3 million, or 3.8%, to $277.2 million. Certificates of deposit
increased $1.2 million, or 0.8%, to $151.3 million at March 31, 2007 compared to
year-end 2006. Total borrowings remained virtually unchanged at $76.8 million at
quarter-end.

ASSET QUALITY REMAINS EXCELLENT

The Company's asset quality continues to be excellent. Non-performing
assets totaled only $373,000 at March 31, 2007. The Company experienced no
charge-off activity for the first quarter of 2007, compared to $7,000 in the
same period last year. The allowance for loan losses was 0.48% of total loans at
March 31, 2007 compared to 0.47% at December 31, 2006 and 0.44% of total loans
at March 31, 2006.

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NET INTEREST INCOME DECREASES OVER PRIOR PERIODS

Net interest income decreased $200,000, or 4.2%, to $3.6 million for the
first quarter of 2007 compared to $3.8 million in the first quarter of 2006. Net
interest margin decreased 8 basis points in the quarter ended March 2007 to
2.79% versus 2.87% for the quarter ended December 2006 and 19 basis points from
2.98% for the quarter ended March 2006. The growth in interest income was the
result of an increase in average interest-earning assets of $12.2 million and an
increase of 31 basis points in the average yield to 5.92%. These increases were
offset by an increase in average interest bearing liabilities of $12.1 million
and an increase of 56 basis points in the average cost to 3.53%.

OTHER EXPENSES INCREASE

Other expenses increased $200,000, or 6.4%, to $3.3 million for the first
quarter of 2007 compared to $3.1 million for the first quarter of 2006. Costs
associated with the November 2006 opening of a new branch represent $104,000 of
the increase while the remaining $96,000 increase in 2007 occurred through the
normal course of operation over the comparable period in 2006.

This press release, as well as other written communications made from time
to time by the Company and its subsidiaries and oral communications made from
time to time by authorized officers of the Company, may contain statements
relating to the future results of the Company (including certain projections and
business trends) that are considered "forward-looking statements" as defined in
the Private Securities Litigation Reform Act of 1995 (the PSLRA). Such
forward-looking statements may be identified by the use of such words as
"believe," "expect," "anticipate," "should," "planned," "estimated," "intend"
and "potential." For these statements, the Company claims the protection of the
safe harbor for forward-looking statements contained in the PSLRA.

The Company cautions you that a number of important factors could cause
actual results to differ materially from those currently anticipated in any
forward-looking statement. Such factors include, but are not limited to:
prevailing economic and geopolitical conditions; changes in interest rates, loan
demand, real estate values and competition; changes in accounting principles,
policies, and guidelines; changes in any applicable law, rule, regulation or
practice with respect to tax or legal issues; and other economic, competitive,
governmental, regulatory and technological factors affecting the Company's
operations, pricing, products and services and other factors that may be
described in the Company's annual report on Form 10-K and quarterly reports on
Form 10-Q as filed with the Securities and Exchange Commission. The
forward-looking statements are made as of the date of this release, and, except
as may be required by applicable law or regulation, the Company assumes no
obligation to update the forward-looking statements or to update the reasons why
actual results could differ from those projected in the forward-looking
statements.

SELECTED FINANCIAL CONDITION DATA

MARCH 31, DECEMBER 31,
2007 2006 % CHANGE
------------------- ----------------- ----------------
(DOLLARS IN THOUSANDS)

Total assets....................... $ 574,481 $562,261 2.2%
Cash and cash equivalents.......... 37,639 33,357 12.8
Investment securities.............. 26,155 23,760 10.1
Mortgage-backed securities ........ 42,343 44,371 (4.6)
Loans receivable, net.............. 439,017 433,342 1.3
Deposits........................... 428,503 417,024 2.8
FHLB advances...................... 54,000 54,000 0.0
Subordinated debt.................. 15,464 15,464 0.0
Other borrowings................... 7,320 7,090 3.2
Stockholder's equity............... 62,735 62,551 0.3

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SELECTED OPERATING DATA
THREE MONTHS ENDED
MARCH 31,
---------------------------
2007 2006 % CHANGE
------------- ------------- ------------
(IN THOUSANDS, EXCEPT PER
SHARE AND SHARE AMOUNTS)

Interest and dividend income......... $ 7,729 $ 7,151 8.1%
Interest expense..................... 4,094 3,355 22.0
Net interest income............. 3,635 3,796 (4.2)

Provision for loan losses............ 75 75 0.0

Net interest income after
provision for loan losses......... 3,560 3,721 (4.3)

Other income......................... 598 555 7.8
Other expense........................ 3,332 3,130 6.4

Income before taxes.................. 826 1,145 (27.9)
Provision for income taxes........... 325 442 (26.6)

Net income...................... $ 501 $ 703 (28.7)

Earnings per share basic............. $ 0.06 $ 0.08 (25.0)
Earnings per share diluted........... $ 0.06 $ 0.08 (25.0)

Average shares outstanding basic..... 8,168,162 8,296,606
Average shares outstanding diluted... 8,288,100 8,467,906

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THREE MONTHS ENDED THREE MONTHS ENDED
MARCH 31, 2007 MARCH 31, 2006
------------------------------- -------------------------------
AVERAGE YIELD/COST AVERAGE YIELD/COST
BALANCE BALANCE
----------------------------------------------------------------
(DOLLARS IN THOUSANDS)

Loans $435,904 5.97% $414,104 5.82%
Investment securities 69,303 5.80% 89,604 4.73%
Other interest-earning assets 16,690 5.22% 5,985 4.39%
Interest-bearing deposits 387,240 3.19% 387,233 2.56%
Total borrowings 76,867 5.21% 64,776 5.43%

Interest rate spread 2.40% 2.64%
Net interest margin 2.79% 2.98%

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ASSET QUALITY DATA

THREE MONTHS YEAR ENDED
ENDED DECEMBER 31,
MARCH 31, 2007 2006
--------------------------------------
(DOLLARS IN THOUSANDS)

Allowance for Loan Losses:
Allowance at beginning of period..................... $ 2,050 $ 1,753
Provision for loan losses............................ 75 300
Recoveries........................................... 2 6
Charge-offs.......................................... 0 9
------------ ------------
Net charge-offs...................................... (2) 3
------------ ------------
Allowance at end of period........................... $ 2,127 $ 2,050
Allowance for loan losses as a percent of total
loans............................................... 0.48% 0.47%
Allowance for loan losses as a percent of
nonperforming loans................................. 570.5% 385.5%

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THREE MONTHS YEAR ENDED
ENDED DECEMBER 31,
MARCH 31, 2007 2006
--------------------------------------
(DOLLARS IN THOUSANDS)

Nonperforming Assets:
Nonaccrual loans:
Mortgage loans...................................... $ 137 $ 416
Commercial business loans........................... 0 0
Consumer loans...................................... 236 116
------------ ------------
Total............................................. 373 532

Real estate owned.................................... 0 0
Other nonperforming assets........................... 0 0
------------ ------------

Total nonperforming assets........................... $ 373 $ 532
Nonperforming loans as a percent of
total loans........................................ 0.08% 0.12%
Nonperforming assets as a percent of
total assets....................................... 0.06% 0.09%

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SELECTED FINANCIAL RATIOS

THREE MONTHS ENDED
MARCH 31,
----------------------------
2007 2006
------------- --------------

SELECTED PERFORMANCE RATIOS:
Return on average assets (1)........................ 0.36% 0.51%
Return on average equity (1)........................ 3.18% 4.59%
Interest rate spread (1)............................ 2.40% 2.64%
Net interest margin (1)............................. 2.79% 2.98%
Efficiency ratio.................................... 78.71% 71.95%

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(1) Annualized.