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)	2008		2007		Change		2008		2007			Change
Income Statement Data:
Net interest income	$       19,087		$       14,254		34	%	$         37,670		$        27,482			37	%
Provision for loan losses	1,400		500		180		2,375		980			142
Noninterest income	6,493		5,705		14		12,486		10,875			15
Total revenues	25,580		19,959		28		50,156		38,357			31
Noninterest operating expenses	19,077		17,308		10		37,978		33,798			12
Net income	3,506		1,571		123		6,712		2,683			150
Per Common Share Data:
Net  income:  Basic	$            0.55		$           0.25		120	%	$              1.05		$            0.43			144	%
Net  income:  Diluted	0.54		0.24		125		1.03		0.41			151
Book Value							$           17.53		$          16.60			6	%
Weighted average shares outstanding:
Basic	6,341		6,223				6,334		6,195
Diluted	6,504		6,458				6,499		6,430
Balance Sheet Data:
Total assets							$   2,045,103		$   1,915,463			7	%
Loans (net)							1,298,308		1,070,353			21
Allowance for loan losses							12,210		10,358			18
Investment securities							539,470		657,120			(18)
Total deposits							1,546,672		1,532,449			1
Core deposits							1,532,208		1,514,453			1
Stockholders' equity							112,371		104,721			7
Capital:
Stockholders' equity to total assets							5.49	%	5.47	%
Leverage ratio							7.70		7.22
Risk based capital ratios:
Tier 1							10.05		10.03
Total Capital							10.86		10.78
Performance Ratios:
Cost of funds	1.73	%	3.30	%			1.92	%	3.35	%
Deposit cost of funds	1.18		2.43				1.31		2.58
Net interest margin	4.10		3.19				4.08		3.11
Return on average assets	0.71		0.33				0.69		0.29
Return on average total stockholders' equity	12.57		6.00				11.98		5.21
Asset Quality:
Net charge-offs to average loans outstanding							0.07	%	0.03	%
Nonperforming  assets  to  total  period-end  assets							0.65		0.21
Allowance  for  loan  losses  to  total  period-end  loans							0.93		0.96
Allowance  for  loan  losses  to  nonperforming  loans							95		278
Nonperforming  assets  to  capital and reserves							11	%	3	%

	Pennsylvania Commerce Bancorp, Inc. and Subsidiaries Average Balances and Net Interest Income
(unaudited)

	Quarter ending,
	June 2008				March 2008				June 2007
	Average		Average		Average		Average		Average		Average
	Balance	Interest	Rate		Balance	Interest	Rate		Balance	Interest	Rate
(dollars in thousands)
Earning Assets
Investment securities
Taxable	$      572,632	$    7,109	4.97	%	$    616,294	$    7,927	5.14	%	$    686,714	$    9,108	5.31	%
Tax-exempt	1,622	25	6.17		1,621	25	6.17		1,620	25	6.17
Total securities	574,254	7,134	4.97		617,915	7,952	5.15		688,334	9,133	5.31
Federal funds sold	0	0	0.00		0	0	0.00		0	0	0.00
Loans receivable
Mortgage and construction	622,055	10,248	6.53		579,577	9,992	6.83		530,395	9,695	7.24
Commercial loans and lines of credit	344,512	5,373	6.17		332,486	5,865	6.98		301,393	6,068	7.97
Consumer	235,819	3,543	6.04		226,889	3,717	6.59		201,034	3,410	6.80
Tax-exempt	72,240	1,227	6.79		56,742	985	6.94		49,847	859	6.89
Total loans receivable	1,274,626	20,391	6.36		1,195,694	20,559	6.83		1,082,669	20,032	7.35
Total earning assets	$   1,848,880	$  27,525	5.93	%	$ 1,813,609	$  28,511	6.26	%	$ 1,771,003	$  29,165	6.55	%
Sources of Funds
Interest-bearing deposits
Regular savings	$      335,255	$       889	1.07	%	$    349,976	$    1,200	1.38	%	$    375,370	$    2,365	2.53	%
Interest checking and money market	694,178	2,548	1.48		706,625	3,360	1.91		674,125	6,138	3.65
Time deposits	199,025	1,788	3.61		166,221	1,650	3.99		190,854	2,024	4.25
Public funds time	24,607	223	3.64		22,920	237	4.16		17,839	219	4.92
Total interest-bearing deposits	1,253,065	5,448	1.75		1,245,742	6,447	2.08		1,258,188	10,746	3.43
Short-term borrowings	236,957	1,338	2.23		230,749	1,911	3.28		238,520	3,204	5.31
Other borrowed money	50,000	554	4.38		50,000	555	4.39		0	0	0.00
Junior subordinated debt	29,400	661	8.99		29,400	661	8.99		29,400	661	8.99
Total interest-bearing liabilities	1,569,422	8,001	2.04		1,555,891	9,574	2.46		1,526,108	14,611	3.83
Noninterest-bearing funds (net)	279,458				257,718				244,895
Total sources to fund earning assets	$    1,848,880	$    8,001	1.73	%	$ 1,813,609	$    9,574	2.11	%	$ 1,771,003	$  14,611	3.30	%
Net interest income and margin
on a tax-equivalent basis		$  19,524	4.20	%		$  18,937	4.15	%		$  14,554	3.25	%
Tax-exempt adjustment		437				354				300
Net interest income and margin		$  19,087	4.10	%		$  18,583	4.07	%		$  14,254	3.19	%
Other Balances:
Cash and due from banks	$        43,842				$      46,913				$      51,842
Other assets	83,137				89,927				90,813
Total assets	1,975,859				1,950,449				1,913,658
Demand deposits (noninterest-bearing)	283,693				270,345				274,794
Other liabilities	10,577				11,041				7,725
Stockholders' equity	112,167				113,172				105,031

	Year-to-date,
	June 2008				June 2007
	Average		Average		Average		Average
	Balance	Interest	Rate		Balance	Interest	Rate
(dollars in thousands)
Earning Assets
Investment securities
Taxable	$        594,463	$    15,036	5.06	%	$    695,668	$    18,487	5.31	%
Tax-exempt	1,621	50	6.17		1,619	50	6.18
Total securities	596,084	15,086	5.06		697,287	18,537	5.32
Federal funds sold	0	0	0.00		0	0	0.00
Loans receivable
Mortgage and construction	600,816	20,240	6.67		504,177	18,169	7.17
Commercial loans and lines of credit	338,499	11,238	6.57		307,063	12,336	7.99
Consumer	231,354	7,260	6.31		197,713	6,657	6.79
Tax-exempt	64,491	2,212	6.86		43,303	1,470	6.79
Total loans receivable	1,235,160	40,950	6.59		1,052,256	38,632	7.32
Total earning assets	$     1,831,244	$    56,036	6.09	%	$ 1,749,543	$    57,169	6.52	%
Sources of Funds
Interest-bearing deposits
Regular savings	$        342,616	$      2,088	1.23	%	$    376,546	$      4,855	2.60	%
Interest checking and money market	700,401	5,909	1.70		687,338	12,990	3.81
Time deposits	182,623	3,438	3.79		195,721	4,125	4.25
Public funds time	23,763	460	3.89		18,720	455	4.90
Total interest-bearing deposits	1,249,403	11,895	1.91		1,278,325	22,425	3.54
Short-term borrowings	233,853	3,249	2.75		202,087	5,423	5.34
Other borrowed money	50,000	1,109	4.39		0	0	0.00
Junior subordinated debt	29,400	1,322	8.99		29,400	1,322	8.99
Total interest-bearing liabilities	1,562,656	17,575	2.25		1,509,812	29,170	3.88
Noninterest-bearing funds (net)	268,588				239,731
Total sources to fund earning assets	$    1,831,244	$    17,575	1.92	%	$ 1,749,543	$    29,170	3.35	%
Net interest income and margin
on a tax-equivalent basis		$    38,461	4.17	%		$    27,999	3.17	%
Tax-exempt adjustment		791				517
Net interest income and margin		$    37,670	4.08	%		$    27,482	3.11	%
Other Balances:
Cash and due from banks	$          45,378				$      50,119
Other assets	86,533				90,277
Total assets	1,963,155				1,889,939
Demand deposits (noninterest-bearing)	277,019				268,443
Other liabilities	10,810				7,813
Stockholders' equity	112,670				103,871

Pennsylvania Commerce Bancorp, Inc. and Subsidiaries
Summary of Allowance for Loan Losses and Other Related Data
(unaudited)
		6/30/2008		6/30/2007		Year-ended		6/30/2008		6/30/2007
(dollar amounts in thousands)		Three Months Ended				12/31/2007		Six Months Ended
Balance at beginning of period		$          11,627		$            9,992		$         9,685		$          10,742		$            9,685
Provisions charged to operating expense		1,400		500		1,762		2,375		980
		13,027		10,492		11,447		13,117		10,665
Recoveries on loans charged-off:
	Commercial	7		1		11		131		2
	Consumer	17		9		53		23		14
	Real estate	0		0		8		0		8
Total recoveries		24		10		72		154		24
Loans charged-off:
	Commercial	(719)		(86)		(634)		(884)		(262)
	Consumer	(70)		(58)		(69)		(108)		(67)
	Real estate	(52)		0		(74)		(69)		(2)
Total charged-off		(841)		(144)		(777)		(1,061)		(331)
Net charge-offs		(817)		(134)		(705)		(907)		(307)
Balance at end of period		$          12,210		$          10,358		$       10,742		$          12,210		$          10,358
Net charge-offs as a percentage of
average loans outstanding		0.07	%	0.01	%	0.07	%	0.07	%	0.03	%
Allowance for loan losses as a percentage of
period-end loans		0.93	%	0.96	%	0.93	%	0.93	%	0.96	%

Pennsylvania Commerce Bancorp, Inc. and Subsidiaries
Summary of Non-Performing Loans and Assets
(unaudited)
				June 30,	March 31,	December 31,	September 30,	June 30,
				2008	2008	2007	2007	2007
Nonaccrual loans:
	Commercial			$         2,577	$            1,158	$                534	$               997	$          1,362
	Consumer			125	120	57	57	54
	Real Estate:
		Construction		735	284	385	529	520
		Real Estate		3,433	2,183	1,959	1,767	1,784
			Total nonaccrual loans	6,870	3,745	2,935	3,350	3,720
Loans past due 90 days or more
	and still accruing			6,036	15	0	0	0
Renegotiated loans				0	0	0	0	0
	Total nonperforming loans			12,906	3,760	2,935	3,350	3,720
Foreclosed real estate				421	588	489	390	300
Total nonperforming assets				$       13,327	$            4,348	$             3,424	$            3,740	$          4,020
Nonperforming loans to total loans				0.98%	0.31%	0.25%	0.30%	0.34%
Nonperforming assets to total assets				0.65%	0.22%	0.17%	0.19%	0.21%
Nonperforming loan coverage				95%	309%	366%	319%	278%
Allowance for loan losses as a percentage
	of total period-end loans			0.93%	0.96%	0.93%	0.96%	0.96%
Nonperforming assets / capital plus allowance for loan losses				11%	4%	3%	3%	3%

CONTACT:	Pennsylvania Commerce Bancorp, Inc.
	Gary L. Nalbandian, Chairman/President
	717-412-6301
	or
	Mark A. Zody, Chief Financial Officer
	717-412-6301
SOURCE:	Pennsylvania Commerce Bancorp, Inc.