FOR IMMEDIATE RELEASE                       FOR FURTHER INFORMATION CONTACT:
- ---------------------                       --------------------------------
November 18, 2003                           Gary N. Pelehaty, President
                                              and Chief Executive Officer
                                            (609) 298-0723

                                             FARNSWORTH BANCORP, INC.
                                                Announces 2003 Earnings

         Bordentown,  New Jersey -- November 18, 2003 - Farnsworth Bancorp, Inc.
(OTC Bulletin Board FNSW),  the parent holding  company of Peoples Savings Bank,
Bordentown,  New Jersey,  today  announced that for the year ended September 30,
2003,  it had net income of  $614,000  or $1.70 per share,  as  compared  to net
income of $395,000 or $1.18 per share,  for the fiscal year ended  September 30,
2002. Gary N. Pelehaty,  President and Chief  Executive  Officer of the Company,
attributed the increase in earnings during the 2003 fiscal year to increased net
interest income from loans originated during the fiscal year.

         Total assets of the Company were $91.8 million at September 30, 2003 as
compared to $83.2 million at September 30, 2002.  Stockholders'  equity was $6.6
million or $15.24 per share at September  30, 2003,  as compared to $6.2 million
or $17.15 per share at September 30, 2002.

         Peoples Savings Bank is a federally  chartered stock savings bank which
conducts its business from its main office in  Bordentown,  New Jersey and three
branch  offices  located in Florence,  Mt. Laurel and Marlton,  New Jersey.  The
Bank's  deposits  are  insured up to the  maximum  legal  amount by the  Federal
Deposit Insurance  Corporation  (FDIC).  The Company's common stock is traded on
the OTC Bulletin Board under the symbol "FNSW."

         This release may contain  forward-looking  statements.  We caution that
such statements may be subject to a number of  uncertainties  and actual results
could differ materially and, therefore,  readers should not place undue reliance
on any forward-looking statements.  Farnsworth Bancorp, Inc. does not undertake,
and  specifically  disclaims,  any obligation to publicly release the results of
any revisions that may be made to any forward-looking  statements to reflect the
occurrence of anticipated or  unanticipated  events or  circumstances  after the
date of such statements.