EX-99 4 ex99-2.txt EXHIBIT 99.2 Pennsylvania Commerce Bancorp, Inc. Selected Consolidated Financial Data (Unaudited)
At or for the Three Months Ended March 31, --------------------------------------- % ( in thousands, except per share amounts) 2004 2003 Change ------------ ---------- ------- Income Statement Data: Net interest income $ 10,968 $ 7,604 44 % Provision for loan losses 575 325 77 % Noninterest income 2,586 2,191 18 % Noninterest operating expenses 10,117 7,028 44 % Net income 1,928 1,648 + 17 % Per Common Share Data: Net income: Basic $ 0.83 $ 0.73 14 % Net income: Diluted 0.76 0.68 + 12 % Book Value $ 22.87 $ 19.39 + 18 % Weighted average shares outstanding: Basic 2,302 2,231 Diluted 2,518 2,402 Balance Sheet Data: Total assets $1,097,226 $835,099 + 31 % Loans (net) 507,156 377,631 34 % Allowance for loan losses 6,519 5,434 20 % Investment Securities 503,707 367,135 37 % Total deposits 937,217 774,359 21 % Core deposits 888,832 710,166 25 % Jr. Subordinated Debt 13,600 0 Trust capital securities 0 13,000 Stockholders' equity 53,855 44,479 + 21 % Capital: Stockholders' equity to total assets 4.91 % 5.33 % Leverage Ratio 6.06 7.00 Risk based capital ratios: Tier 1 9.42 10.96 Total Capital 10.38 12.02 Performance Ratios: Cost of funds 1.18 % 1.75 % Deposit Cost of Funds 0.92 1.56 Net interest margin 4.42 4.15 Return on average assets 0.73 0.83 Return on average total stockholders' equity 14.87 15.20 Asset Quality: Net charge-offs to average loans outstanding 0.01 % 0.01 % Nonperforming loans to total period-end loans 0.28 0.23 Nonperforming assets to total period-end assets 0.15 0.14 Allowance for loan losses to total period-end loans 1.27 1.42 Allowance for loan losses to nonperforming loans 448 % 615 %