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)	2006			2005			% Change			2006			2005			% Change
Income Statement Data:
Net interest income	$	13,448		$	12,855			5	%	$	26,645		$	25,013			7	%
Provision for loan losses		506			625			(19	)%		981			1,170			(16	)%
Noninterest income		4,614			3,706			25	%		8,872			6,912			28	%
Total Revenues		18,062			16,561			9	%		35,517			31,925			11	%
Noninterest operating expenses		14,498			12,129			20	%		28,423			23,276			22	%
Net income		2,050			2,555			(20	)%		4,087			5,016			(19	)%
Per Common Share Data:
Net income: Basic	$	0.33		$	0.43			(23	)%	$	0.67		$	0.84			(20	)%
Net income: Diluted		0.32			0.40			(20	)%		0.64			0.79			(19	)%
Book Value										$	15.15		$	15.12			0	%
Weighted average shares outstanding:
Basic		6,088			5,940						6,071			5,921
Diluted		6,369			6,351						6,355			6,330
Balance Sheet Data:
Total assets										$	1,783,933		$	1,450,759			23	%
Loans (net)											888,391			713,979			24	%
Allowance for loan losses											9,677			8,573			13	%
Investment Securities											722,890			607,032			19	%
Total deposits											1,416,490			1,229,461			15	%
Core deposits											1,360,195			1,158,679			17	%
Stockholders' equity											93,630			91,051			3	%
Capital:
Stockholders' equity to total assets											5.25	%		6.28	%
Leverage Ratio											6.48			7.34
Risk based capital ratios:
Tier 1											9.36			10.86
Total Capital											10.15			11.75
Performance Ratios:
Cost of funds		3.08	%		1.94	%					2.96	%		1.83	%
Deposit Cost of Funds		2.20			1.57						2.17			1.52
Net interest margin		3.26			3.88						3.29			3.97
Return on average assets		0.47			0.72						0.48			0.75
Return on average total stockholders' equity		8.83			11.47						8.88			11.58
Asset Quality:
Net charge-offs to average loans outstanding											0.06	%		0.06	%
Nonperforming assets to total period-end assets											0.19			0.11
Allowance for loan losses to total period-end     loans											1.08			1.19
Allowance for loan losses to nonperforming loans											306			655
Nonperforming assets to capital and reserves											3	%		2	%

Pennsylvania Commerce Bancorp, Inc. and Subsidiaries Average Balances and Net Interest Income
(unaudited)
	Quarter ended,
	June 2006							March 2006							June 2005
	Average				Average			Average				Average			Average				Average
	Balance		Interest		Rate			Balance		Interest		Rate			Balance		Interest		Rate
(dollars in thousands)
Earning Assets
Investment securities
Taxable	$	750,549	$	9,967		5.31	%	$	722,354	$	9,351		5.18	%	$	609,060	$	7,587		4.98	%
Tax-exempt		2,101		35		6.66			2,617		44		6.73			7,113		162		9.11
Total securities		752,650		10,002		5.32			724,971		9,395		5.18			616,173		7,749		5.03
Loans receivable
Mortgage and construction		449,604		8,018		7.07			441,473		7,580		6.96			384,180		6,368		6.65
Commercial loans and lines of credit		250,646		5,114		8.07			237,415		4,582		7.83			193,509		3,241		6.72
Consumer		164,138		2,741		6.70			159,029		2,548		6.50			127,515		1,909		6.00
Tax-exempt		21,871		356		6.51			18,845		300		6.37			7,186		124		6.92
Total loans receivable		886,259		16,229		7.27			856,762		15,010		7.10			712,390		11,642		6.55
Total earning assets	$	1,638,909	$	26,231		6.37	%	$	1,581,733	$	24,405		6.22	%	$	1,328,563	$	19,391		5.85	%
Sources of Funds
Interest-bearing deposits
Regular savings	$	351,575	$	1,924		2.20	%	$	349,993	$	1,748		2.03	%	$	317,020	$	1,080		1.37	%
Interest checking and money market		556,976		4,891		3.52			548,444		4,498		3.33			458,575		2,587		2.26
Time deposits		191,900		1,813		3.79			196,183		1,712		3.54			177,065		1,267		2.87
Public funds time		33,678		355		4.23			37,536		371		4.01			34,732		261		3.01
Total interest-bearing deposits		1,134,129		8,983		3.18			1,132,156		8,329		2.98			987,392		5,195		2.11
Short-term borrowings		258,801		3,312		5.06			209,011		2,408		4.61			112,766		889		3.16
Junior subordinated debt		13,600		355		10.43			13,600		354		10.43			13,600		355		10.44
Total interest-bearing liabilities		1,406,530		12,650		3.59			1,354,767		11,091		3.31			1,113,758		6,439		2.32
Noninterest-bearing funds (net)		232,379							226,966							214,805
Total sources to fund earning assets	$	1,638,909	$	12,650		3.08		$	1,581,733	$	11,091		2.83		$	1,328,563	$	6,439		1.94
Net interest income and margin
on a tax-equivalent basis			$	13,581		3.29	%			$	13,314		3.39	%			$	12,952		3.91	%
Tax-exempt adjustment				133							117							97
Net interest income and margin			$	13,448		3.26	%			$	13,197		3.35	%			$	12,855		3.88	%
Other Balances
Cash and due from banks	$	50,116						$	44,960						$	41,959
Other assets		78,575							71,856							55,719
Total assets		1,767,600							1,698,549							1,426,241
Demand deposits (noninterest-bearing)		258,020							241,765							218,107
Other liabilities		9,959							9,428							5,064
Stockholders' equity		93,091							92,589							89,312