Investor Presentation February 1, 2007

Disclaimer

This presentation contains “forward looking” information,

as defined by the Private Securities Litigation Reform
Act of 1995, that is based on Community’s current
expectations, estimates and projections about future
events and financial trends affecting the financial
condition of its business. These statements are not
historical facts or guarantees of future performance,
events, or results. Such statements involve potential risks
and uncertainties and, accordingly, actual performance
results may differ materially. Community undertakes no
obligation to publicly update or revise forward looking
information, whether as a result of new, updated
information, future events, or otherwise.

CMTY Profile

$3.5 Billion in Total Assets

6 Regions: Centralized Support; Regional Delivery

74 Locations: Central PA; Poconos to Maryland

Largest Financial Services Company

Headquartered in Harrisburg, Pennsylvania's
Capital

Two pending acquisitions: East Prospect; BUCS

Enviable Footprint; Desirable & Diversified

Franchise

(in thousands)	12/31/06	12/31/05	% Change
Investments	$ 659,136	$ 628,585	5%
Loans, Net	2,347,263	2,214,100	6%
Intangibles	259,406	259,080	---

Deposits	2,513,182	2,294,367	10%
Borrowings	475,554	548,900	13%
Equity	486,161	476,673	2%

Balance Sheet Profile

the power of community

CMTY Profile

Performance Trends: (year over year distortion)

2006: Full year of acquisition in 2006

2005: Mid-Year Merger

The Challenge Ahead

Strategic Focus

(in thousands, except EPS)	2006	2005
Net Interest Income	$ 114,702	$ 89,808
Provision for Loan Loss	(2,050)	(2,300)
Non-Interest Income	34,967	26,437
Non-Interest Expenses	(84,885)	(66,864)
Special Charges	- - -	(8,205)
Income Taxes	(21,703)	(13,235)
Net Income	$ 41,031	$ 25,641
EPS	$1.72	$1.35	+27%

GAAP Comparison (FTE)

(in thousands, except EPS)	2006	Pro-forma 2005
Net Interest Income	$ 114,702	$ 89,808
Provision for Loan Loss	(2,050)	(2,300)
Non-Interest Income	34,967	26,437
Non-Interest Expenses	(84,885)	(66,864)
Income before taxes	62,734	47,081
Income Taxes	(21,703)	(16,167)
Net Income	$ 41,031	$ 30,914
EPS	$1.72	$1.63	+6%

Pro-Forma (without special charges)

	2006		2005		Change
	Amount	Yield/ Rate	Amount	Yield/ Rate	Amount	Yield/ Rate
Interest income	$205,436	6.95%	$149,456	6.26%		0.69%
Interest expense	90,734	3.56%	59,648	2.90%		0.66%
Net interest income	$114,702		$ 89,808		$24,894
Interest spread		3.39%		3.36%		0.03%
Impact of non-interest funds		0.49%		0.40%		0.09%
Net interest margin		3.88%		3.76%		0.12%

Net Interest Income/Net Interest Margin

(dollars in thousands)

Activity for the Period:	2006	2005
Net Charge-Offs	$ 1,389	$ 824
Provision for Loan Losses	2,050	2,300
Net Charge-Offs to Average Loans	0.06%	0.05%

Problem Loan Trends:	12/31/2006	12/31/2005
Accruing Loans Past 90 Days	$ 659	$ 22
Non-Accrual Loans	10,662	9,060
Total Risk Elements	11,358	10,529
Allowance to Loans	1.00%	1.03%
Allowance to Non-Accrual Loans	222%	253%

Provision/Credit Quality

			Change
	2006	2005	Amount	%
Investment management and trust	$ 4,394	$ 2,692	$ 1,702	63%
Service charges: deposits	11,507	9,413	2,094	22%
Other service charges	7,272	5,452	1,820	33%
Insurance premium/commissions	4,120	3,350	770	23%
Mortgage banking	2,172	2,354	(182)	(8)%
Earnings on investment in life insurance	2,725	2,063	662	32%
Other	2,045	854	1,191	139%
	34,235	26,178	8,057	31%
Security gains	732	259	473	183%
Total non-interest income	$34,967	$26,437	$ 8,530	32%

Non-Interest Income: Summary

(Excluding Security Gains)

Non-Interest Income

AUM at $414 million with addition of Sentry (Q4)

Retail investment sales remain brisk

Insurance operations augmented by mid-May

acquisition of Lancaster Co (PA) agency

Electronic Payment Fees (Debit Transactions)

Provided Lift; Awareness Programs

Cooling Mortgage Market Curbed Growth in

Mortgage Brokerage and Title Insurance Fees

Two favorable purchase-related adjustments

($900,000)

			Change
	2006	2005	Amount	%
Salary and benefits	$ 46,434	$ 36,998	$ 9,436	26%
Occupancy and equipment expense	14,117	11,355	2,762	24%
Marketing expense	1,752	2,036	(284)	(14)%
Telecommunications expense	2,243	1,359	884	65%
Amortization of intangibles	2,639	1,424	1,215	85%
Other expenses	17,700	13,692	4,008	29%
Subtotal	84,885	66,864	18,021	27%
Merger, conversion, and restructuring ---		8,205	(8,205)	---
	$ 84,885	$ 75,069	$ 9,816	13%

Non-Interest Expense Trend

	2006
u ROTE range of 17% to 22%	19.6%
u Core EPS Growth of 10%	6%
u Annual Asset Growth of 10%	28%
u Non-Interest Income to 30%	23%
u Efficiency Ratio to 55%	57.3%

Guideposts Under Purchase Accounting

Performance Goals

		2006
Traditional Metric	Corresponding Purchase Accounting Metric *	Traditional	Purchase Accounting*
Efficiency Ratio	Operating Efficiency Ratio	57.33%	55.55%
EPS	Operating EPS	$1.72	$1.79
ROA	ROTA	1.21%	1.36%
ROE	ROTE	8.63%	19.57%
Equity to Assets	Tangible Equity to Assets	13.90%	7.05%

* Non-GAAP Measures

Performance Metrics

	2006	2005	“Well- Capped”
Regulatory Tier 1	8.67%	8.17%	6%
Regulatory Total	11.53%	10.99%	10%
Tangible Equity to Assets	7.05%	7.14%	n/a
Equity to Assets	13.90%	14.30%	n/a

Capital Levels

	2006
	Fourth Quarter	Third Quarter	Second Quarter	First Quarter
Asset yield	7.05%	7.08%	6.93%	6.74%
Funding Cost	3.85%	3.66%	3.46%	3.24%
Interest spread	3.20%	3.42%	3.47%	3.50%
Net interest margin	3.71%	3.90%	3.94%	3.98%
Net interest income	$28,089	$28,854	$28,917	$28,842

The Challenge: Margin Compression

Change from Previous Quarter During 2006 Increase / (Decrease) [expressed in basis points - bp]
	Fourth Quarter	Third Quarter	Second Quarter	First Quarter
Earning Asset yield	(3 bp)	15 bp	19 bp	21 bp
Funding costs – CD’s	26 bp	25 bp	19 bp	25 bp

% of Funding from CD’s	49.1%	47.9%	47.5%	43.9%

The Challenge: Margin Trend

the power of community

CMTY Profile

The Challenge Ahead

Performance Trends

Strategic Focus

Initiatives Beyond Margin

Vision

Strategic Focus: Revenue Enhancement

Overdraft Protection:

Mature Product/ Conservative Introduction/ Customer Acceptance

Opportunity for Changes: Reliable History & Observable Trends

Increase Fee Structure

Increase available limit

Increase limits for direct deposit

“Business Overdraft Product”

Debit Card Usage

Signature Programs

Customer awareness

Electronic Payment proliferation

Retail Investment:

“Ramp up” license program

45 active annuity licenses; up 50% by year-end

7 “series 6” licenses

Insurance Agencies:

Full year of May 2006 Acquisition

Term Life Initiative

SEG Programs (Selected Employer Group)

Overlay of credit union culture from BUCS

Strategic Focus: Revenue Enhancement

(continued)

Strategic Focus: Expense Review

Check Processing/ Imaging/ Power Proof

Image Truncation:

Convert to Fee-based Service

Encourage Migration to e-statement

Reduce statement production/mailing costs

Regional reorganization

Identified $1.6 million in annual savings thus far

Savings to occur in last three quarters of 2007

Office Rationalization

Office Consolidation

Limited sale consideration: “fine tune”

Integrated Service Consolidation

Title insurance

Property and Casualty Agencies

Strategic Vision: Overview

Our Mission:

✓Provider of choice

✓Employer of choice

✓Acquisition partner of choice

Industry Consolidation: Two Pending Acquisitions

East Prospect (core York County PA market)

BUCS Financial (4 offices outside Baltimore)

Strategic Vision: Challenging Times

Current conditions require patience and

restraint

Refuse to sacrifice long-term viability for

short-team “reach”

Operating prerequisites:

Conservative Expansion

Cautious Optimism

Consistent Approach

Strategic Vision: Operating Prerequisites

Conservative Expansion:

Integrated Business Lines: Walk before you run

Deal Pricing: Driven by “achievable economics”

De-novo branching

Cautious Optimism:

Rates will normalize

Underlying economy is solid

Credit quality is a staple

Consistent Approach

Local market knowledge

Regional structure yields “market engagement”