X0202 4 2006-09-30 0 0000745456 MONROE BANCORP MROE 0001293914 Bremner James D 7431 N. WASHINGTON BLVD. INDIANAPOLIS IN 46240 1 0 0 0 Common Stock 7882.407 D Director Stock Option Right to Buy 14.727 2004-06-17 2014-06-17 Common Stock 5500 5500 D Phantom Stock 2006-10-23 2006-10-23 4 A 0 69 17.31 A Common Stock 69 667 D Shares beneficially owned include 56.399 shares purchased on September 30, 2006 with reinvested dividends through the Monroe Bancorp Dividend Reinvestment and Common Stock Purchase Plan Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock become payable, in cash or common stock, at the election of the reporting person, upon the reporting person's termination of service as a director. Kathryn E. Burns, Power of Attorney for James D. Bremner 2006-10-25