In the news release, Somerset Hills Bancorp Reports Net Income Up 10.5% for the Quarter, issued yesterday, July 23, by Somerset Hills Bancorp (NASDAQ:SOMH) over PR Newswire, we are advised by the company that the first paragraph, third sentence, should read "$0.20 per diluted share" rather than "$0.21 per diluted share."

In the table Somerset Hills Bancorp Selected Consolidated Financial Data, for the six months ended June 30, 2007, the Earnings per share- Diluted should read $0.20 rather than $0.21.

    Per Share Data:

         Earnings per share- Basic                   $0.21             $0.26
         Earnings per share- Diluted                 $0.20             $0.22
         Book value per share                        $7.55             $7.12
         Tangible book value                         $7.30             $6.81

In the table Somerset Hills Bancorp Statements of Operations, for the six months ended June 30, 2007, the Net Income -diluted should read $0.20 rather than $0.21 as originally issued inadvertently.

    Per share data
      Net Income -basic              $0.11      $0.13      $0.21      $0.26
      Net Income -diluted            $0.10      $0.11      $0.20      $0.22

Source: Somerset Hills Bancorp