Exhibit

Net income applicable to shareholders for the quarter ended September 30, 2016 was $4.1 million, or $0.24 per diluted share, compared with $2.9 million, or $0.17 per diluted share, for the quarter ended September 30, 2015. Net income for the third quarter of 2016 was positively impacted by a $1.9 million bargain purchase option gain related to the acquisition of Mazon State Bank, partially offset by $643,000 of one-time merger-related expenses.

“We’re very pleased with our performance in the third quarter, which was highlighted by the successful completion of the Mazon State Bank acquisition and continued momentum in organic balance sheet growth,” said Roy Thygesen, Chief Executive Officer of First Community. “The integration of Mazon has gone very smoothly as we are seeing strong adoption of our expanded offering of products and services by Mazon’s customers, and we are realizing the synergies we projected for this acquisition.”

“We had another strong quarter of business development, resulting in organic loan growth of 24% and organic growth in demand deposits of 43% on an annualized basis. We are seeing particular strength in commercial loan production due to the expansion of our commercial banking team and our success in capitalizing on market disruption in the Chicagoland area. We continue to have a strong loan and deposit pipeline that should continue to drive quality balance sheet growth and steady improvement in our core earnings power,” said Mr. Thygesen.

At September 30, 2016, total loans were $956.2 million, an increase of $84.0 million, or 9.63%, since the end of the second quarter of 2016 and $213.2 million, or 28.69%, year-over-year. Excluding the $32.6 million in loans added through the Mazon State Bank acquisition, total organic loan growth was $51.7 million in the third quarter of 2016, or 23.71% on an annualized basis. The organic loan growth was the result of a strong loan pipeline along with results produced by the addition of six commercial lenders and one new leasing officer hired during the first quarter of 2016.

Commercial loans grew $35.9 million, or 15.00%, since the end of the second quarter and $94.2 million, or 52.15%, year-over-year. Commercial real estate loans increased $9.5 million, or 2.31%, since the end of the second quarter, and $51.1 million, or 13.84%, year-over-year. Residential real estate loans grew $23.1 million, or 16.03%, since the end of the second quarter and $40.7 million, year-over-year. Construction loans were up $9.4 million, or 30.55%, since the second quarter and $20.8 million, or 106.95%, year-over-year.

Noninterest bearing demand deposits increased $43.0 million, or 21.16%, since the end of the second quarter. Interest bearing transactional accounts (NOW, savings and money market accounts) increased $98.2 million ($34.4 million of which was from the acquisition of Mazon State Bank), or 25.68%, during the third quarter 2016. Time deposits increased $27.3 million ($10.4 million of which was from the acquisition of Mazon State Bank), or 8.75%, to $338.7 million at September 30, 2016, from $311.4 million at June 30, 2016. The ratio of time deposits to total deposits was 31.79% at September 30, 2016, down from 34.72% at June 30, 2016. Other borrowings decreased $52.8 million, or 53.14%, since the end of the second quarter as a result of less reliance on FHLB borrowings after the acquisition of Mazon State Bank.

Service charges on deposits increased $82,000, or 39.61%, from the second quarter of 2016, which was primarily the result of the Mazon State Bank acquisition. Securities gains of $14,000 were the result of $25.6 million in securities sold during the third quarter to fund loan growth. Mortgage income was also up $46,000, or 39.66%, for the third quarter of 2016, as compared to the second quarter, as a result of higher mortgage sale volumes.

Total nonperforming assets increased $4.4 million, or 90.38%, to $9.2 million at September 30, 2016 from June 30, 2016. The ratio of nonperforming assets to total assets was 0.74% at September 30, 2016 compared to 0.43% at June 30, 2016. The increase in total nonperforming assets was the result of the addition of one loan relationship to nonaccrual totaling $4.5 million, partially offset by the sales of other real estate owned of $1.5 million during the quarter ended September 30, 2016.

About First Community Financial Partners, Inc.: First Community Financial Partners, Inc., headquartered in Joliet, Illinois, is a bank holding company whose common stock trades on the NASDAQ Capital Market (NASDAQ: FCFP). First Community Financial Partners has one bank subsidiary, First Community Financial Bank. First Community Financial Bank, based in Plainfield, Illinois, has locations in Joliet, Plainfield, Homer Glen, Channahon, Naperville, Burr Ridge, Mazon, Braidwood, and Diamond, Illinois. The Bank is dedicated to its founding principles by being actively involved in the communities it serves and providing exceptional personal service delivered by experienced local professionals.

Any statements in this release other than statements of historical facts, including statements about management’s beliefs and expectations, are forward-looking statements and should be evaluated as such. These statements are made on the basis of management’s views and assumptions regarding future events and business performance. Words such as “estimate,” “believe,” “anticipate,” “expect,” “intend,” “plan,” “target,” “project,” “should,” “may,” “will” and similar expressions are intended to identify forward-looking statements. Forward-looking statements (including oral representations) involve risks and uncertainties that may cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. These risks and uncertainties involve a number of factors related to the businesses of First Community and its wholly owned bank subsidiary, including: risks associated with First Community’s possible pursuit of acquisitions; unexpected results of acquisitions, including the acquisition of Mazon State Bank; economic conditions in First Community’s, and its wholly owned bank subsidiary’s service areas; system failures; losses of large customers; disruptions in relationships with third party vendors; losses of key management personnel and the inability to attract and retain highly qualified management personnel in the future; the impact of legislation and regulatory changes on the banking industry, including the implementation of the Basel III capital reforms; losses related to cyber-attacks; and liability and compliance costs regarding banking regulations; and changes in local, national and international economic conditions. These and other risks and uncertainties are discussed in more detail in First Community’s filings with the Securities and Exchange Commission, including First Community’s Annual Report on Form 10-K filed on March 14, 2016.

Many of these risks are beyond management’s ability to control or predict. All forward-looking statements attributable to First Community, and its wholly owned bank subsidiary, or persons acting on behalf of each of them are expressly qualified in their entirety by the cautionary statements and risk factors contained in this communication. Because of these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements. Furthermore, forward-looking statements speak only as of the date they are made. Except as required under the federal securities laws or the rules and regulations of the Securities and Exchange Commission, First Community does not undertake any obligation to update or review any forward-looking information, whether as a result of new information, future events or otherwise.



FINANCIAL SUMMARY

	September 30, 2016		June 30, 2016		March 31, 2016		December 31, 2015		September 30, 2015
Period-End Balance Sheet
(In thousands)(Unaudited)
Assets
Cash and due from banks	$	21,622	$	13,777	$	9,132	$	10,699	$	10,110
Interest-bearing deposits in banks	33,349		19,335		30,558		7,406		21,324
Securities available for sale	188,062		179,517		203,874		205,604		215,827
Mortgage loans held for sale	1,331		711		133		400		—
Leases, net	739		448		—		—		—
Commercial real estate	419,958		410,461		378,304		381,098		368,896
Commercial	274,889		239,038		181,142		179,623		180,674
Residential 1-4 family	166,971		143,908		139,208		135,864		126,316
Multifamily	31,880		30,809		31,511		34,272		30,771
Construction and land development	40,253		30,834		27,798		22,082		19,451
Farmland and agricultural production	12,985		9,235		9,060		9,989		8,984
Consumer and other	9,280		7,924		7,250		9,391		7,963
Total loans	956,216		872,209		774,273		772,319		743,055
Allowance for loan losses	12,284		12,044		11,335		11,741		11,753
Net loans	943,932		860,165		762,938		760,578		731,302
Other assets	57,563		51,409		54,227		55,965		44,869
Total Assets	$	1,246,598	$	1,125,362	$	1,060,862	$	1,040,652	$	1,023,432

Liabilities and Shareholders' Equity
Noninterest bearing deposits	$	246,262	$	203,258	$	204,414	$	196,063	$	174,849
Savings deposits	61,399		40,603		38,481		36,206		34,933
NOW accounts	151,243		103,324		104,136		102,882		101,828
Money market accounts	267,667		238,229		237,873		233,315		232,195
Time deposits	338,680		311,416		294,076		297,525		302,892
Total deposits	1,065,251		896,830		878,980		865,991		846,697
Total borrowings	61,879		114,701		72,237		68,315		72,551
Other liabilities	4,304		2,722		2,855		3,305		4,065
Total Liabilities	1,131,434		1,014,253		954,072		937,611		923,313
Shareholders’ equity	115,164		111,109		106,790		103,041		100,119
Total Shareholders’ Equity	115,164		111,109		106,790		103,041		100,119
Total Liabilities and Shareholders’ Equity	$	1,246,598	$	1,125,362	$	1,060,862	$	1,040,652	$	1,023,432



FINANCIAL SUMMARY
	Three months ended,
	September 30, 2016			June 30, 2016		March 31, 2016		December 31, 2015			September 30, 2015
Interest income:	(In thousands, except per share data)(Unaudited)
Loans, including fees	$	10,229		$	9,024	$	8,508	$	8,401		$	8,218
Securities	1,041			1,042		1,101		1,117			1,103
Federal funds sold and other	43			21		19		19			19
Total interest income	11,313			10,087		9,628		9,537			9,340
Interest expense:
Deposits	1,081			957		940		986			973
Federal funds purchased and other borrowed funds	112			119		93		87			98
Subordinated debentures	297			297		297		297			297
Total interest expense	1,490			1,373		1,330		1,370			1,368
Net interest income	9,823			8,714		8,298		8,167			7,972
Provision for loan losses	383			500		—		(515		)	(813		)
Net interest income after provision for loan losses	9,440			8,214		8,298		8,682			8,785
Noninterest income:
Service charges on deposit accounts	289			207		204		190			188
Gain on sale of loans	7					—		—			—
Gain on sale of securities	14			603		—		212			251
Mortgage fee income	162			116		78		96			178
Bargain purchase gain	1,920			—		—		—			—
Other	381			315		273		261			152
Total noninterest income	2,773			1,241		555		759			769
Noninterest expenses:
Salaries and employee benefits	3,812			3,311		3,256		3,004			2,841
Occupancy and equipment expense	568			429		437		494			486
Data processing	700			690		257		203			248
Professional fees	369			375		392		68			342
Advertising and business development	328			262		215		219			217
Losses on sale and writedowns of foreclosed assets, net	1			31		16		109			58
Foreclosed assets expenses, net of rental income	(99		)	60		53		50			(61		)
Other expense	1,380			974		1,310		898			1,005
Total noninterest expense	7,059			6,132		5,936		5,045			5,136
Income before income taxes	5,154			3,323		2,917		4,396			4,418
Income taxes	1,019			1,058		889		1,474			1,471
Net income applicable to common shareholders	$	4,135		$	2,265	$	2,028	$	2,922		$	2,947

Basic earnings per share	$	0.24		$	0.13	$	0.12	$	0.17		$	0.17

Diluted earnings per share	$	0.24		$	0.13	$	0.12	$	0.17		$	0.17



	Nine months ended September 30,
	2016		2015
Interest income:	(dollars in thousands, except per share data)(unaudited)
Loans, including fees	$	27,761	$	24,124
Securities	3,184		3,017
Federal funds sold and other	83		47
Total interest income	31,028		27,188
Interest expense:
Deposits	2,978		2,937
Federal funds purchased and other borrowed funds	324		129
Subordinated debentures	891		1,503
Total interest expense	4,193		4,569
Net interest income	26,835		22,619
Provision for loan losses	883		(1,562		)
Net interest income after provision for loan losses	25,952		24,181
Noninterest income:
Service charges on deposit accounts	700		565
Gain on sale of securities	617		272
Mortgage fee income	356		435
Bargain purchase gain	1,920		—
Other	969		465
	4,569		1,737
Noninterest expenses:
Salaries and employee benefits	10,379		8,535
Occupancy and equipment expense	1,434		1,483
Data processing	1,647		710
Professional fees	1,136		1,134
Advertising and business development	805		633
Losses on sale and writedowns of foreclosed assets, net	14		78
Foreclosed assets expenses, net of rental income	50		80
Other expense	3,663		2,840
	19,128		15,493
Income before income taxes	11,393		10,425
Income taxes	2,966		3,527
Net income	$	8,427	$	6,898

Basic earnings per share	$	0.49	$	0.41

Diluted earnings per share	$	0.48	$	0.40



	Three months ended,
	September 30, 2016						June 30, 2016						September 30, 2015
	Average Balances		Income/ Expense		Yields/ Rates		Average Balances		Income/ Expense		Yields/ Rates		Average Balances		Income/ Expense		Yields/ Rates
Assets	(Dollars in thousands)(Unaudited)
Loans ⁽¹⁾	$	919,777	$	10,229	4.45	%	$	826,416	$	9,024	4.37	%	$	731,871	$	8,218	4.49	%
Investment securities ⁽²⁾	199,139		1,041		2.09	%	190,924		1,042		2.18	%	207,843		1,103		2.12	%
Interest-bearing deposits with other banks	24,580		43		0.70	%	11,465		21		0.73	%	23,790		19		0.32	%
Total earning assets	$	1,143,496	$	11,313	3.96	%	$	1,028,805	$	10,087	3.92	%	$	963,504	$	9,340	3.88	%
Other assets	74,740						50,707						47,787
Total assets	$	1,218,236					$	1,079,512					$	1,011,291

Liabilities
NOW accounts	$	122,727	$	90	0.29	%	$	109,354	$	81	0.30	%	$	98,915	$	64	0.26	%
Money market accounts	260,070		190		0.29	%	232,004		162		0.28	%	234,898		166		0.28	%
Savings accounts	62,179		15		0.10	%	39,525		12		0.12	%	34,447		15		0.17	%
Time deposits	326,860		786		0.96	%	292,811		702		0.96	%	300,476		728		0.97	%
Total interest bearing deposits	771,836		1,081		0.56	%	673,694		957		0.57	%	668,736		973		0.58	%
Securities sold under agreements to repurchase	23,339		10		0.17	%	21,650		9		0.17	%	33,112		11		0.13	%
Secured borrowings	7,752		58		2.99	%	9,261		66		2.85	%	13,406		86		2.57	%
Mortgage payable	—		—		—	%	—		—		—	%	—		—		—	%
FHLB borrowings	42,391		44		0.42	%	44,615		44		0.33	%	1,413		1		0.28	%
Subordinated debentures	15,300		297		7.76	%	15,300		297		7.76	%	15,300		297		7.76	%
Total interest bearing liabilities	$	860,618	$	1,490	0.69	%	$	764,520	$	1,373	0.72	%	$	731,967	$	1,368	0.75	%
Noninterest bearing deposits	239,802						204,016						176,040
Other liabilities	3,726						2,544						5,117
Total liabilities	$	1,104,146					$	971,080					$	913,124

Total shareholders’ equity	$	114,090					$	108,432					$	98,167

Total liabilities and shareholders’ equity	$	1,218,236					$	1,079,512					$	1,011,291

Net interest income			$	9,823					$	8,714					$	7,972

Interest rate spread					3.27	%					3.20	%					3.13	%

Net interest margin					3.44	%					3.39	%					3.31	%



	Nine months ended September 30,
	September 30, 2016						September 30, 2015
	Average Balances		Income/ Expense		Yields/ Rates		Average Balances		Income/ Expense		Yields/ Rates
Assets	(Dollars in thousands)(Unaudited)
Loans ⁽¹⁾	$	830,640	$	27,761	4.46	%	$	717,473	$	24,124	4.48	%
Investment securities ⁽²⁾	198,867		3,184		2.13	%	193,212		3,017		2.08	%
Federal funds sold	—		—		—	%	—		—		—	%
Interest-bearing deposits with other banks	16,464		83		0.67	%	16,892		47		0.37	%
Total earning assets	$	1,045,971	$	31,028	3.96	%	$	927,577	$	27,188	3.91	%
Other assets	68,064						45,933
Total assets	$	1,114,035					$	973,510

Liabilities
NOW accounts	$	112,221	$	242	0.29	%	$	87,578	$	139	0.21	%
Money market accounts	242,098		514		0.28	%	220,448		457		0.28	%
Savings accounts	46,357		38		0.11	%	33,074		42		0.17	%
Time deposits	304,138		2,184		0.96	%	303,240		2,299		1.01	%
Total interest bearing deposits	704,814		2,978		0.56	%	644,340		2,937		0.61	%
Securities sold under agreements to repurchase	22,965		27		0.16	%	30,355		25		0.11	%
Secured borrowings	9,175		200		2.91	%	4,569		88		2.57	%
Mortgage payable	—		—		—	%	241		14		7.75	%
FHLB borrowings	33,059		97		0.39	%	1,154		2		0.23	%
Subordinated debentures	15,300		891		7.76	%	24,424		1,503		8.21	%
Total interest bearing liabilities	$	785,313	$	4,193	0.71	%	$	705,083	$	4,569	0.86	%
Noninterest bearing deposits	216,430						168,316
Other liabilities	3,113						4,221
Total liabilities	$	1,004,856					$	877,620

Total shareholders’ equity	$	109,179					$	95,890

Total liabilities and shareholders’ equity	$	1,114,035					$	973,510

Net interest income			$	26,835					$	22,619

Interest rate spread					3.25	%					3.05	%

Net interest margin					3.42	%					3.25	%



COMMON STOCK DATA

	2016						2015
	Third Quarter		Second Quarter		First Quarter		Fourth Quarter		Third Quarter
	(Unaudited)
Market value ⁽¹⁾:
End of period	$	9.52	$	8.80	$	8.70	$	7.24	$	6.51
High	9.55		9.10		8.84		7.31		7.00
Low	8.35		8.18		7.00		6.26		6.25
Book value (end of period)	6.68		6.47		6.22		6.05		5.88
Tangible book value (end of period)	6.62		6.47		6.22		6.05		5.88
Shares outstanding (end of period)	17,237,845		17,183,780		17,175,864		17,026,941		17,017,441
Average shares outstanding	17,189,113		17,182,197		17,125,928		16,939,010		16,993,822
Average diluted shares outstanding	17,565,667		17,550,547		17.451354		17,085,752		17,161,783



ASSET QUALITY DATA

	September 30, 2016			June 30, 2016			March 31, 2016			December 31, 2015			September 30, 2015
(Dollars in thousands)(Unaudited)
Loans identified as nonperforming	$	8,385		$	2,622		$	2,146		$	1,411		$	3,117
Other nonperforming loans	91			—			—			67			55
Total nonperforming loans	8,476			2,622			2,146			1,478			3,172
Foreclosed assets	725			2,211			5,231			5,487			4,109
Total nonperforming assets	$	9,201		$	4,833		$	7,377		$	6,965		$	7,281

Allowance for loan losses	$	12,284		$	12,044		$	11,335		$	11,741		$	11,753
Nonperforming assets to total assets	0.74		%	0.43		%	0.70		%	0.67		%	0.71		%
Nonperforming loans to total assets	0.68		%	0.23		%	0.20		%	0.14		%	0.31		%
Allowance for loan losses to nonperforming loans	144.93		%	459.34		%	528.19		%	794.38		%	370.52		%



ALLOWANCE FOR LOAN LOSSES ROLLFORWARD
(Dollars in thousands)(Unaudited)	Three months ended,
	September 30, 2016			June 30, 2016			March 31, 2016			December 31, 2015			September 30, 2015
Beginning balance	$	12,044		$	11,335		$	11,741		$	11,753		$	12,420
Charge-offs	340			193			506			133			654
Recoveries	197			402			100			636			800
Net charge-offs	143			(209		)	406			(503		)	(146		)
Provision for loan losses	383			500			—			(515		)	(813		)
Ending balance	$	12,284		$	12,044		$	11,335		$	11,741		$	11,753

Net charge-offs	$	143		$	(209	)	$	406		$	(503	)	$	(146	)
Net chargeoff percentage annualized	0.06		%	(0.11		)%	0.21		%	(0.26		)%	(0.08		)%



OTHER DATA
(Unaudited)
	Three months ended,
	September 30, 2016		June 30, 2016		March 31, 2016		December 31, 2015		September 30, 2015
Return on average assets	1.36	%	0.84	%	0.78	%	1.11	%	1.17	%
Return on average equity	14.50	%	8.36	%	7.68	%	11.48	%	12.01	%
Net interest margin	3.44	%	3.39	%	3.36	%	3.29	%	3.31	%
Average loans to assets	75.50	%	76.55	%	73.63	%	72.12	%	72.37	%
Average loans to deposits	90.92	%	94.16	%	88.00	%	85.95	%	86.63	%
Average noninterest bearing deposits to total deposits	22.51	%	22.75	%	23.35	%	23.45	%	20.79	%

COMPANY CAPITAL RATIOS
(Unaudited)	September 30, 2016		June 30, 2016		March 31, 2016		December 31, 2015		September 30, 2015
Tier 1 leverage ratio	9.15	%	9.77	%	9.72	%	9.36	%	9.39	%
Common equity tier 1 capital ratio	10.84	%	11.26	%	11.94	%	11.62	%	11.57	%
Tier 1 capital ratio	10.84	%	11.26	%	11.94	%	11.62	%	11.57	%
Total capital ratio	13.52	%	14.14	%	14.99	%	14.69	%	14.71	%
Tangible common equity to tangible assets	9.24	%	10.47	%	10.26	%	10.07	%	10.07	%



NON-GAAP MEASURES

Pre-tax pre-provision core income ⁽¹⁾
(In thousands)(Unaudited)
	For the three months ended,
	September 30, 2016			June 30, 2016			March 31, 2016		December 31, 2015			September 30, 2015
Pre-tax net income	$	5,154		$	3,323		$	2,917	$	4,396		$	4,418
Provision for loan losses	383			500			—		(515		)	(813		)
Gain on sale of securities	(14		)	(603		)	—		(212		)	(251		)
Merger related expenses included in professional fees	24			26			100		—			—
Merger related expenses included in data processing fees	363			410			—		—			—
Severances paid in relation to the merger	92			—			—		—			—
Stock options included in other expense	164
Bargain purchase option	(1,920		)	—			—		—			—
Losses (gain) on sale and writedowns of foreclosed assets, net	1			31			16		109			58
Foreclosed assets expense, net of rental income	(99		)	60			53		50			(61		)
Pre-tax pre-provision core income	$	4,148		$	3,747		$	3,086	$	3,828		$	3,351

⁽¹⁾ This is a non-GAAP financial measure. In compliance with applicable rules of the Securities and Exchange Commission, this non-GAAP measure is reconciled to pre-tax net income, which is the most directly comparable GAAP financial measure. The Company’s management believes the presentation of pre-tax pre-provision core income provides investors with a greater understanding of the Company’s operating results, in addition to the results measured in accordance with GAAP.


•	Diluted earnings per share (“EPS”) of $0.24 for the three months ended September 30, 2016


•	Pre-tax, pre-provision core income of $4.1 million, an increase of 10.70% from the second quarter 2016


•	Net income before taxes of $5.2 million, an increase of 55.10% from the second quarter 2016


•	Asset growth of $121.2 million, or 10.77%, from the second quarter of 2016


•	Loan growth of $84.3 million, or 9.66%, from the second quarter of 2016


•	Deposit growth of $168.4 million, or 18.78%, from the second quarter of 2016


•	Noninterest bearing deposits increase of $43.0 million, or 21.16%, from the second quarter 2016