EX-99.2 3 ex99-2.htm EXHIBIT 99.2
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)
 
2006
 
2005
 
 %
Change
 
               
Income Statement Data:
                   
Net interest income
 
$
13,197
 
$
12,158
   
9
%
Provision for loan losses
   
475
   
545
   
(13
)%
Noninterest income
   
4,258
   
3,206
   
33
%
Total Revenues
   
17,455
   
15,364
   
14
%
Noninterest operating expenses
   
13,925
   
11,147
   
25
%
Net income
   
2,037
   
2,461
   
(17
)%
                     
Per Common Share Data:
                   
Net income: Basic
 
$
0.33
 
$
0.41
   
(20
)%
Net income: Diluted
   
0.32
   
0.39
   
(18
)%
                     
Book Value
 
$
15.09
 
$
14.31
   +
5
%
                     
Weighted average shares outstanding:
                   
Basic
   
6,054
   
5,902
       
Diluted
   
6,376
   
6,319
       
                     
Balance Sheet Data:
                   
Total assets
 
$
1,752,757
 
$
1,377,180
   
27
%
Loans (net)
   
868,534
   
681,075
   +
28
%
Allowance for loan losses
   
9,656
   
8,352
   
16
%
Investment Securities
   
733,185
   
589,533
   
24
%
Total deposits
   
1,448,126
   
1,172,923
   
23
%
Core deposits
   
1,391,329
   
1,132,183
   +
23
%
Stockholders' equity
   
92,658
   
85,790
   
8
%
                     
Capital:
                   
Stockholders' equity to total assets
   
5.29
%
 
6.23
%
     
Leverage Ratio
   
6.59
   
7.88
       
Risk based capital ratios:
                   
Tier 1
   
9.35
   
11.19
       
Total Capital
   
10.15
   
12.12
       
                     
Performance Ratios:
                   
Cost of funds
   
2.84
%
 
1.70
%
     
Deposit Cost of Funds
   
2.14
   
1.46
       
Net interest margin
   
3.39
   
4.11
       
Return on average assets
   
0.49
   
0.78
       
Return on average total stockholders' equity
   
8.92
   
11.69
       
                     
Asset Quality:
                   
Net charge-offs to average loans outstanding
   
0.01
%
 
0.01
%
     
Nonperforming assets to total period-end assets
   
0.20
   
0.14
       
Allowance for loan losses to total period-end loans
   
1.10
   
1.21
       
Allowance for loan losses to nonperforming loans
   
304
   
549
       
Nonperforming assets to capital and reserves
   
3
%
 
2
%