Pennsylvania Commerce Bancorp, Inc.
Selected Consolidated Financial Data
(Unaudited)
	At or for the									At or for the
	Three Months Ended									Six Months Ended
	June 30,									June 30,
							%									%
(in thousands, except per share amounts)	2005			2004			Change			2005			2004			Change
Income Statement Data:
Net interest income	$	12,855		$	11,641			10	%	$	25,013		$	22,609			11	%
Provision for loan losses		625			675			(7	)%		1,170			1,250			(6	)%
Noninterest income		3,706			2,716			36	%		6,912			5,302			30	%
Noninterest operating expenses		12,129			10,449			16	%		23,276			20,566			13	%
Net income		2,555			2,181			+17	%		5,016			4,109			+22	%
Per Common Share Data:
Net income: Basic	$	0.43		$	0.47			(9	)%	$	0.84		$	0.88			(5	)%
Net income: Diluted		0.40			0.43			(7	)%		0.79			0.81			(2	)%
Book Value										$	15.12		$	10.76			+41	%
Weighted average shares outstanding:
Basic		5,940			4,627						5,921			4,615
Diluted		6,351			5,044						6,330			5,034
Balance Sheet Data:
Total assets										$	1,450,759		$	1,184,870			22	%
Loans (net)											713,979			588,398			+21	%
Allowance for loan losses											8,573			7,019			22	%
Investment Securities											607,032			503,742			21	%
Total deposits											1,229,461			978,258			26	%
Core deposits											1,158,679			911,838			+27	%
Stockholders' equity											91,051			51,006			+79	%
Capital:
Stockholders' equity to total assets											6.28	%		4.30	%
Leverage Ratio											7.34			5.80
Risk based capital ratios:
Tier 1											10.86	%		8.72	%
Total Capital											11.75			9.63
Performance Ratios:
Cost of funds		1.94	%		1.19	%					1.83	%		1.19	%
Deposit Cost of Funds		1.57			0.91						1.52			0.92
Net interest margin		3.88			4.35						3.97			4.38
Return on average assets		0.72			0.76						0.75			0.74
Return on average total stockholders' equity		11.47			17.14						11.58			15.99
Asset Quality:
Net charge-offs to average loans outstanding											0.06	%		0.04	%
Nonperforming loans to total period-end loans											0.18			0.14
Nonperforming assets to total period-end assets											0.11			0.11
Allowance for loan losses to total period-end loans											1.19			1.18
Allowance for loan losses to nonperforming loans											655	%		855	%

Pennsylvania Commerce Bancorp, Inc. and Subsidiaries Average Balances and Net Interest Income
(unaudited)
	Quarter ended,
	June 2005							March 2005							June 2004
	Average				Average			Average				Average			Average				Average
	Balance		Interest		Rate			Balance		Interest		Rate			Balance		Interest		Rate
(dollars in thousands)
Earning Assets
Investment securities
Taxable	$	609,060	$	7,587		4.98	%	$	526,341	$	6,591		5.01	%	$	505,413	$	6,248		4.94	%
Tax-exempt		7,113		107		6.02			6,440		105		6.52			6,840		100		5.85
Total securities		616,173		7,694		4.99			532,781		6,696		5.03			512,253		6,348		4.95
Federal funds sold		0		0					270		2		2.66			0		0
Loans receivable
Mortgage and construction		384,180		6,368		6.65			368,689		6,032		6.64			330,853		5,251		6.38
Commercial loans and lines of credit		193,509		3,241		6.72			172,078		2,696		6.35			142,191		2,025		5.73
Consumer		127,515		1,909		6.00			118,824		1,679		5.73			84,155		1,137		5.43
Tax-exempt		7,186		82		4.58			6,607		75		4.60			6,077		73		4.83
Total loans receivable		712,390		11,600		6.53			666,198		10,482		6.38			563,276		8,486		6.06
Total earning assets	$	1,328,563	$	19,294		5.82	%	$	1,199,249	$	17,180		5.77	%	$	1,075,529	$	14,834		5.54	%
Sources of Funds
Interest-bearing deposits
Regular savings	$	317,020	$	1,080		1.37	%	$	302,987	$	915		1.22	%	$	264,660	$	592		0.90	%
Interest checking and money market		458,575		2,587		2.26			418,702		2,029		1.97			301,937		685		0.91
Time deposits		177,065		1,267		2.87			174,653		1,165		2.71			166,741		975		2.35
Public funds time		34,732		261		3.01			35,189		211		2.43			47,992		194		1.63
Total interest-bearing deposits		987,392		5,195		2.11			931,531		4,320		1.88			781,330		2,446		1.26
Short-term borrowings		112,766		889		3.16			51,740		348		2.69			126,184		392		1.25
Junior subordinated debt		13,600		355		10.44			13,600		354		10.43			13,600		355		10.44
Total interest-bearing liabilities		1,113,758		6,439		2.32			996,871		5,022		2.04			921,114		3,193		1.39
Noninterest-bearing funds (net)		214,805							202,378							154,415
Total sources to fund earning assets	$	1,328,563		6,439		1.94		$	1,199,249	$	5,022		1.70		$	1,075,529		3,193		1.19
Net interest income and margin			$	12,855		3.88	%			$	12,158		4.07	%			$	11,641		4.35	%
Other Balances
Cash and due from banks	$	41,959						$	37,513						$	33,941
Other assets		55,719							50,459							48,322
Total assets		1,426,241							1,287,221							1,157,792
Demand deposits (noninterest-bearing)		218,107							200,418							180,734
Other liabilities		5,064							4,571							4,779
Stockholders' equity		89,312							85,361							51,165