ex99-2.htm

Exhibit 99.2

Metro Bancorp, Inc.
Selected Consolidated Financial Data
(Unaudited)
	At or for the
	Three Months Ended

	March 31,			December 31,			%			March 31,			%
(in thousands, except per share amounts)	2010			2009			Change			2009			Change

Income Statement Data:

Net interest income	$	19,433		$	18,575			5	%	$	19,337			0	%
Provision for loan losses		2,400			1,800			33			3,200			(25	)
Noninterest income		5,946			7,178			(17	)		5,499			8
Total revenues		25,379			25,753			(1	)		24,836			2
Noninterest operating expenses		23,875			25,646			(7	)		20,627			16
Net income (loss)		6			(890	)		101			837			(99	)


Per Common Share Data:

Net income (loss): Basic	$	0.00		$	(0.07	)		100	%	$	0.13			(100	) %
Net income (loss): Diluted		0.00			(0.07	)		100			0.13			(100	)

Book Value	$	14.99		$	14.80			1		$	18.17			(18	)

Weighted average shares outstanding:
Basic		13,469			13,348						6,465
Diluted		13,474			13,348						6,518


Balance Sheet Data:

Total assets	$	2,171,191			2,147,759			1	%		2,115,301			3	%
Loans (net)		1,394,398			1,429,392			(2	)		1,430,105			(2	)
Allowance for loan losses		15,178			14,391			5			16,231			(6	)
Investment securities		552,377			506,651			9			470,610			17
Total deposits		1,847,695			1,814,733			2			1,668,617			11
Core deposits		1,820,173			1,783,319			2			1,658,100			10
Stockholders' equity		203,219			200,022			2			118,997			71


Capital:

Stockholders' equity to total assets		9.36	%		9.31	%					5.63	%
Leverage ratio		11.08			11.31						7.59
Risk based capital ratios:
Tier 1		13.94			13.88						9.51
Total Capital		14.82			14.71						10.47


Performance Ratios:

Cost of funds		0.94	%		1.06	%					1.20	%
Deposit cost of funds		0.81			0.94						1.09
Net interest margin		3.87			3.74						3.83
Return on average assets		0.00			(0.17	)					0.16
Return on average total stockholders' equity		0.01			(1.76	)					2.91


Asset Quality:

Net charge-offs (annualized) to average loans outstanding		0.46	%		1.02	%					1.03	%
Nonperforming assets to total period-end assets		2.46			2.12						1.44
Allowance for loan losses to total period-end loans		1.08			1.00						1.12
Allowance for loan losses to nonperforming loans		33			38						55
Nonperforming assets to capital and reserves		24			21						22

Metro Bancorp, Inc. and Subsidiaries Average Balances and Net Interest Income

(unaudited)

Quarter ending,


	March 2010							December 2009							March 2009
	Average				Average			Average				Average			Average				Average
	Balance		Interest		Rate			Balance		Interest		Rate			Balance		Interest		Rate
(dollars in thousands)
Earning Assets
Investment securities:
Taxable	$	570,947	$	5,399		3.78	%	$	498,732	$	4,827		3.87	%	$	525,370	$	5,477		4.17	%
Tax-exempt		1,354		21		6.10			1,624		25		6.07			1,623		26		6.41
Total securities		572,301		5,420		3.79			500,356		4,852		3.88			526,993		5,503		4.18
Federal funds sold		5,036		1		0.10			5,457		2		0.13			0		0		0.00
Loans receivable:
Mortgage and construction		724,517		10,264		5.67			730,256		10,305		5.54			753,190		10,740		5.70
Commercial loans and lines of credit		375,091		4,464		4.76			379,724		4,494		4.64			369,236		4,663		5.05
Consumer		215,123		2,809		5.29			219,349		2,980		5.38			270,078		3,409		5.12
Tax-exempt		115,046		1,762		6.13			118,006		1,845		6.15			96,328		1,536		6.38
Total loans receivable		1,429,777		19,299		5.41			1,447,335		19,624		5.33			1,488,832		20,348		5.48
Total earning assets	$	2,007,114	$	24,720		4.94	%	$	1,953,148	$	24,478		4.94	%	$	2,015,825	$	25,851		5.14	%

Sources of Funds
Interest-bearing deposits:
Regular savings	$	323,243	$	387		0.49	%	$	308,961	$	435		0.56	%	$	345,498	$	552		0.65	%
Interest checking and money market		922,098		1,796		0.79			888,560		2,003		0.89			722,248		1,663		0.93
Time deposits		228,318		1,430		2.54			250,009		1,744		2.77			249,374		2,047		3.33
Public funds time		29,088		54		0.75			30,310		67		0.88			10,307		70		2.75
Total interest-bearing deposits		1,502,747		3,667		0.99			1,477,840		4,249		1.14			1,327,427		4,332		1.32
Short-term borrowings		51,238		66		0.51			40,192		62		0.60			308,065		426		0.55
Other borrowed money		25,000		268		4.29			25,000		275		4.29			50,000		548		4.38
Junior subordinated debt		29,400		661		9.00			29,400		661		9.00			29,400		661		8.99
Total interest-bearing liabilities		1,608,385		4,662		1.17			1,572,432		5,247		1.32			1,714,892		5,967		1.41
Noninterest-bearing funds (net)		398,729							380,716							300,933
Total sources to fund earning assets	$	2,007,114	$	4,662		0.94	%	$	1,953,148	$	5,247		1.06	%	$	2,015,825	$	5,967		1.20	%
Net interest income and margin
on a tax-equivalent basis			$	20,058		4.00	%			$	19,231		3.88	%			$	19,884		3.94	%
Tax-exempt adjustment				625							656							547
Net interest income and margin			$	19,433		3.87	%			$	18,575		3.74	%			$	19,337		3.83	%



Other Balances:
Cash and due from banks	$	42,812						$	46,702						$	38,763
Other assets		97,360							99,482							75,055
Total assets		2,147,286							2,099,332							2,129,643
Demand deposits (noninterest-bearing)		325,359							306,146							285,580
Other liabilities		11,548							19,600							12,702
Stockholders' equity		201,994							201,154							116,469

Metro Bancorp, Inc. and Subsidiaries
Summary of Allowance for Loan Losses and Other Related Data
(unaudited)



	3/31/2010			3/31/2009			Year-ended
(dollar amounts in thousands)	Three Months Ended						12/31/2009

Balance at beginning of period	$	14,391		$	16,719		$	16,719
Provisions charged to operating expense		2,400			3,200			12,425
		16,791			19,919			29,144

Recoveries on loans charged-off:
Commercial		31			3			92
Consumer		1			1			6
Real estate		13			0			210
Total recoveries		45			4			308

Loans charged-off:
Commercial		(1,344	)		(1,860	)		(7,405	)
Consumer		(61	)		(7	)		(21	)
Real estate		(253	)		(1,825	)		(7,635	)

Total charged-off		(1,658	)		(3,692	)		(15,061	)

Net charge-offs		(1,613	)		(3,688	)		(14,753	)

Balance at end of period	$	15,178		$	16,231		$	14,391

Net charge-offs (annualized) as a percentage of
average loans outstanding		0.46	%		1.03	%		1.02	%

Allowance for loan losses as a percentage of
period-end loans		1.08	%		1.12	%		1.00	%

Metro Bancorp, Inc. and Subsidiaries
Summary of Nonperforming Loans and Assets
(unaudited)

The following table presents information regarding nonperforming loans and assets as of March 31, 2010 and for the preceding four quarters
(dollar amounts in thousands).

	March 31,			December 31,			September 30,			June 30,			March 31,
	2010			2009			2009			2009			2009
Nonaccrual loans:
Commercial	$	13,142		$	14,403		$	8,833		$	8,240		$	8,479
Consumer		1,064			654			984			882			724
Real Estate:
Construction		17,424			3,969			4,580			6,045			7,870
Real Estate		14,419			18,719			10,694			16,628			12,348
Total nonaccrual loans		46,049			37,745			25,091			31,795			29,421
Loans past due 90 days or more
and still accruing		249			0			5			0			0
Total nonperforming loans		46,298			37,745			25,096			31,795			29,421

Foreclosed real estate		7,154			7,821			6,875			1,650			989

Total nonperforming assets	$	53,452		$	45,566		$	31,971		$	33,445		$	30,410


Nonperforming loans to total loans		3.28	%		2.61	%		1.71	%		2.19	%		2.03	%

Nonperforming assets to total assets		2.46	%		2.12	%		1.53	%		1.61	%		1.44	%

Nonperforming loan coverage		33	%		38	%		58	%		61	%		55	%

Allowance for loan losses as a percentage
of total period-end loans		1.08	%		1.00	%		0.99	%		1.33	%		1.12	%

Nonperforming assets / capital plus allowance for loan losses		24	%		21	%		15	%		24	%		22	%