Exhibit 99.1

FIDELITY D & D BANCORP, INC.

FOR IMMEDIATE RELEASE

Date: April 25, 2012

Contacts:
	Daniel J. Santaniello	Salvatore R. DeFrancesco, Jr.
	President and	Treasurer and
	Chief Executive Officer	Chief Financial Officer
	570-504-8035	570-504-8000

FIDELITY D & D BANCORP, INC.

REPORTS FIRST QUARTER 2012 FINANCIAL RESULTS

Dunmore, PA – Fidelity D & D Bancorp, Inc., (OTC Bulletin Board: FDBC), parent company of The Fidelity Deposit and Discount Bank, announced net income for the quarter ended March 31, 2012 of $1.3 million compared to $1.2 million for the first quarter of 2011. Improvement in other income categories, such as loan fees, mortgage loan gains, interchange fees, trust and financial services fees, more than offset the larger provision for loan losses, when compared to the prior year period. A realized security gain, also recorded as a component of other income, was utilized to offset the recognized long-term debt prepayment fee that pushed other expenses higher during 2012. Earnings per share on a fully diluted basis for the 2012 first quarter and prior year first quarter each totaled $0.56.

“Fidelity D & D Bancorp had strong results for the first quarter across all divisions of the Bank,” stated Daniel J. Santaniello, President and Chief Executive Officer. “Our strategic focus on growing consumer and business relationships and cross-selling products and services continues to enhance our financial performance and add long-term shareholder value. The Bank’s Residential Mortgage loan originations continue to be robust as we take advantage of the historical low interest rates.”

Net interest income decreased $120 thousand to $5.1 million for the quarter ended March 31, 2012, from $5.2 million recorded during the first quarter of 2011. Net interest income earned was less in first quarter 2012 than the same period in 2011, even though the Company was carrying less outstanding debt, had cost savings on interest-bearing liabilities, and had an increase in no-cost demand deposits. However, these factors were not enough to offset the decline in yield on interest earning assets. This reduced net interest margin to 3.73% for the first quarter of 2012, compared to 4.05% for the same 2011 period.

A provision for loan loss of $700 thousand was recorded during the first quarter of 2012 compared to $475 thousand required for the same 2011 period. The provision for loan loss strengthened the allowance for loan losses for potential credit risks that may result from today’s uncertain economic climate. The decline in overall asset quality stemming from late last year dictated the larger required level of provision for the current quarter.  The allowance for loan losses was at 1.97% of total loans at March 31, 2012, similar to the 1.96% of total loans at March 31, 2011.

Total other income recorded for the quarter ended March 31, 2012 was $2.1 million, up $643 thousand compared to $1.4 million for the same quarter in 2011. The increase was primarily from added gains from securities and mortgage banking of $253 thousand and $149 thousand, respectively, plus $174 thousand more in loan service charges. Additionally, the growth in other income during 2012 when compared to first quarter 2011 was attributed to a $64 thousand increase in trust fees, $37 thousand higher interchange fees and $21 thousand of added financial service fees, reduced by $55 thousand more foreclosed asset losses recognized during 2012.

The OTTI credit losses on pooled trust preferred securities were $105 and $75 thousand in the quarters ended March 31, 2012 and 2011, respectively.

Total other operating expense increased by $224 thousand, or 5%, to $4.7 million from $4.5 million for the quarters ended March 31, 2012 and 2011, respectively. The other expense increase resulted primarily from the $236 thousand prepayment fee incurred on the early payoff of a $5 million FHLB long-term advance.

The Company’s assets increased 5% to total $639.3 million at March 31, 2012 compared to the $606.7 million total assets at December 31, 2011. This asset growth resulted in $13.5 million in additional cash, $13.3 million, or 3%, increase in net loans, and $6.8 million of added securities, funded from the $32.9 million, or 34%, increase in non-interest deposits, $7.7 million increase in short-term borrowings with repurchase customers plus a $1.4 million increase in shareholders’ equity. The subsidiary Bank’s regulatory capital ratios improved for the period ending March 31, 2012 with a Total Risk Based Capital Ratio of 12.9%, Tier I Capital Ratio of 11.6% and Leverage Ratio of 8.7%, all of which exceed the current "well capitalized" regulatory requirements.

Fidelity D & D Bancorp, Inc. serves Lackawanna and Luzerne Counties through The Fidelity Deposit and Discount Bank’s 11 community banking offices. The Bank's deposits are insured by the Federal Deposit Insurance Corporation up to the full extent permitted by law.

Forward-Looking Statements

Certain of the matters discussed in this press release may constitute forward-looking statements for purposes of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, and as such may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. The words “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” and similar expressions are intended to identify such forward-looking statements.

The Company’s actual results may differ materially from the results anticipated in these forward-looking statements due to a variety of factors, including, without limitation:

· the effects of economic deterioration on current customers, specifically the effect of the economy on loan customers’ ability to repay loans;

· the costs and effects of litigation and of unexpected or adverse outcomes in such litigation;

· the effects of new laws and regulations, specifically the impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act;

· governmental monetary and fiscal policies, as well as legislative and regulatory changes;

· the effect of changes in accounting policies and practices, as may be adopted by the regulatory agencies, as well as the Financial Accounting Standards Board and other accounting standard setters;

· the risks of changes in interest rates on the level and composition of deposits, loan demand, and the values of loan collateral, securities and interest rate protection agreements, as well as interest rate risks;

· the effects of competition from other commercial banks, thrifts, mortgage banking firms, consumer finance companies, credit unions, securities brokerage firms, insurance companies, money market and other mutual funds and other financial institutions operating in the Company’s market area and elsewhere, including institutions operating locally, regionally, nationally and internationally, together with such competitors offering banking products and services by mail, telephone, computer and the Internet;

· technological changes;

· acquisitions and integration of acquired businesses;

· the failure of assumptions underlying the establishment of reserves for loan and lease losses and estimations of values of collateral and various financial assets and liabilities;

· volatilities in the securities markets;

· deteriorating economic conditions;

· acts of war or terrorism; and

· disruption of credit and equity markets.

For more information please visit our investor relations web site located through www.bankatfidelity.com.

FIDELITY D & D BANCORP, INC.

Unaudited Condensed Consolidated Balance Sheets

(dollars in thousands)

At Period End:	March 31, 2012			December 31, 2011
Assets
Total cash and cash equivalents	$	65,681		$	52,165
Investment securities		115,367			108,544
Federal Home Loan Bank Stock		3,514			3,699
Loans and leases		422,272			410,831
Allowance for loan losses		(8,320	)		(8,108	)
Premises and equipment, net		13,942			13,575
Life insurance cash surrender value		9,819			9,740
Other assets		17,005			16,296
Total assets	$	639,280		$	606,742
Liabilities
Non-interest-bearing deposits	$	129,041		$	96,155
Interest-bearing deposits		419,124			419,647
Total deposits		548,165			515,802
Short-term borrowings		17,238			9,507
Long-term debt		16,000			21,000
Other liabilities		2,900			6,809
Total liabilities		584,303			553,118
Shareholders' equity		54,977			53,624
Total liabilities and shareholders' equity	$	639,280		$	606,742

Average Year-To-Date Balances:	March 31, 2012		December 31, 2011
Assets
Total cash and cash equivalents	$	56,277	$	50,325
Investment securities		114,076		101,184
Loans and leases, net		406,962		403,704
Premises and equipment, net		13,516		14,188
Other assets		25,801		26,926
Total assets	$	616,632	$	596,327
Liabilities
Non-interest-bearing deposits	$	107,175	$	102,441
Interest-bearing deposits		416,195		406,568
Total deposits		523,370		509,009
Short-term borrowings and long-term debt		35,117		33,630
Other liabilities		3,355		3,290
Total liabilities		561,842		545,929
Shareholders' equity		54,790		50,398
Total liabilities and shareholders' equity	$	616,632	$	596,327

FIDELITY D & D BANCORP, INC.

Unaudited Condensed Consolidated Statements of Income

(dollars in thousands)

	Three Months Ended
	Mar. 31, 2012		Mar. 31, 2011
Interest income
Loans and leases	$	5,415	$	5,935
Securities and other		637		616
Total interest income		6,052		6,551
Interest expense
Deposits		684		1,042
Borrowings and debt		254		275
Total interest expense		938		1,317
Net interest income		5,114		5,234
Provision for loan losses		700		475
OTTI - credit losses		105		75
Other income		2,056		1,413
Other expenses		4,713		4,490
Provision for income taxes		395		380
Net income	$	1,257	$	1,227

	Three Months Ended
	Mar. 31, 2012		Dec. 31, 2011		Sep. 30, 2011		Jun. 30, 2011		Mar. 31, 2011
Interest income
Loans and leases	$	5,415	$	5,405	$	5,673	$	5,893	$	5,935
Securities and other		637		674		703		704		616
Total interest income		6,052		6,079		6,376		6,597		6,551
Interest expense
Deposits		684		763		852		1,015		1,042
Borrowings and debt		254		274		275		265		275
Total interest expense		938		1,037		1,127		1,280		1,317
Net interest income		5,114		5,042		5,249		5,317		5,234
Provision for loan losses		700		450		500		375		475
OTTI - credit losses		105		165		6		-		75
Other income		2,056		1,651		1,477		1,398		1,413
Other expenses		4,713		4,491		4,444		4,620		4,490
Provision for income taxes		395		385		449		431		380
Net income	$	1,257	$	1,202	$	1,327	$	1,289	$	1,227

FIDELITY D & D BANCORP, INC. 

Unaudited Condensed Consolidated Balance Sheets 

(dollars in thousands)

At Period End:	Mar. 31, 2012			Dec. 31, 2011			Sep. 30, 2011			Jun. 30, 2011			Mar. 31, 2011
Assets
Total cash and cash equivalents	$	65,681		$	52,165		$	76,126		$	46,676		$	47,443
Investment securities		115,367			108,544			106,147			98,805			90,882
Federal Home Loan Bank Stock		3,514			3,699			3,894			4,099			4,315
Loans and leases		422,272			410,831			400,768			406,816			419,807
Allowance for loan losses		(8,320	)		(8,108	)		(7,960	)		(8,144	)		(8,224	)
Premises and equipment, net		13,942			13,575			13,846			14,166			14,422
Life insurance cash surrender value		9,819			9,740			9,660			9,581			9,502
Other assets		17,005			16,296			19,213			16,685			18,150
Total assets	$	639,280		$	606,742		$	621,694		$	588,684		$	596,297
Liabilities
Non-interest-bearing deposits	$	129,041		$	96,155		$	100,668		$	98,751		$	113,283
Interest-bearing deposits		419,124			419,647			424,929			408,176			399,917
Total deposits		548,165			515,802			525,597			506,927			513,200
Short-term borrowings		17,238			9,507			18,005			8,007			11,131
Long-term debt		16,000			21,000			21,000			21,000			21,000
Other liabilities		2,900			6,809			5,010			2,404			2,663
Total liabilities		584,303			553,118			569,612			538,338			547,994
Shareholders' equity		54,977			53,624			52,082			50,346			48,303
Total liabilities and shareholders' equity	$	639,280		$	606,742		$	621,694		$	588,684		$	596,297

Average Quarterly Balances:		Mar. 31, 2012		Dec. 31, 2011		Sep. 30, 2011		Jun. 30, 2011		Mar. 31, 2011
Assets
Total cash and cash equivalents	$	56,277	$	53,814	$	64,037	$	44,364	$	38,770
Investment securities		114,076		112,554		103,624		98,646		89,633
Loans and leases, net		406,962		402,093		393,771		408,047		411,113
Premises and equipment, net		13,516		13,746		14,065		14,311		14,639
Other assets		25,801		26,688		26,464		27,052		27,516
Total assets	$	616,632	$	608,895	$	601,961	$	592,420	$	581,671
Liabilities
Non-interest-bearing deposits	$	107,175	$	99,973	$	99,025	$	108,882	$	101,942
Interest-bearing deposits		416,195		417,210		414,748		401,790		392,160
Total deposits		523,370		517,183		513,773		510,672		494,102
Short-term borrowings and long-term debt		35,117		35,114		33,707		29,180		36,535
Other liabilities		3,355		3,658		3,192		3,048		3,258
Total liabilities		561,842		555,955		550,672		542,900		533,895
Shareholders' equity		54,790		52,940		51,289		49,520		47,776
Total liabilities and shareholders' equity	$	616,632	$	608,895	$	601,961	$	592,420	$	581,671

FIDELITY D & D BANCORP, INC.

Selected Financial Ratios and Other Data

	Three Months Ended
	Mar. 31, 2012			Dec. 31, 2011			Sep. 30, 2011			Jun. 30, 2011			Mar. 31, 2011
Selected returns and financial ratios
Diluted earnings per share	$	0.56		$	0.54		$	0.59		$	0.59		$	0.56
Dividends per share	$	0.25		$	0.25		$	0.25		$	0.25		$	0.25
Yield on interest-earning assets (FTE)		4.39	%		4.39	%		4.65	%		4.94	%		5.03	%
Cost of interest-bearing liabilities		0.84	%		0.91	%		1.00	%		1.19	%		1.25	%
Net interest spread		3.55	%		3.48	%		3.65	%		3.75	%		3.78	%
Net interest margin		3.73	%		3.67	%		3.85	%		4.01	%		4.05	%
Return on average assets		0.82	%		0.78	%		0.87	%		0.87	%		0.86	%
Return on average equity		9.23	%		9.01	%		10.27	%		10.44	%		10.41	%
Efficiency ratio		62.89	%		65.35	%		64.16	%		67.08	%		65.51	%
Expense ratio		1.74	%		1.88	%		1.96	%		2.19	%		2.15	%

Other data
	Mar. 31, 2012			Dec. 31, 2011			Sep. 30, 2011			Jun. 30, 2011			Mar. 31, 2011
Book value per share	$	24.18		$	23.78		$	23.26		$	22.70		$	21.96
Equity to assets		8.60	%		8.84	%		8.38	%		8.55	%		8.10	%
Allowance for loan losses to:
Total loans		1.97	%		1.97	%		1.99	%		2.00	%		1.96	%
Non-accrual loans		0.65	x		0.58	x		1.00	x		0.85	x		0.87	x
Non-accrual loans to total loans		3.04	%		3.40	%		1.99	%		2.36	%		2.25	%
Non-performing assets to total assets		3.32	%		3.58	%		2.43	%		2.37	%		2.37	%