Pennsylvania Commerce Bancorp, Inc.

Selected Consolidated Financial Data

(Unaudited)

		At or for the								At or for the
		Three Months Ended								Nine Months Ended
		September 30,								September 30,
							%								%
(in thousands, except per share amounts)		2006			2005		Change			2006			2005		Change
Income Statement Data:
Net interest income	$	13,156		$	12,745		3	%	$	39,801		$	37,758		5	%
Provision for loan losses		428			250		71			1,409			1,420		(1	)
Noninterest income		4,680			4,284		9			13,552			11,196		21
Total Revenues		17,836			17,029		5			53,353			48,954		9
Noninterest operating expenses		14,861			13,337		11			43,284			36,613		18
Net income		1,645			2,325		(29	)		5,732			7,341		(22	)
Per Common Share Data:
Net income: Basic	$	0.27		$	0.39		(31	)%	$	0.93		$	1.23		(24	)%
Net income: Diluted		0.26			0.36		(28	)		0.89			1.15		(23	)
Book Value									$	16.02		$	15.06		6	%
Weighted average shares outstanding:
Basic		6,116			5,956					6,086			5,933
Diluted		6,373			6,393					6,381			6,347
Balance Sheet Data:
Total assets									$	1,838,173		$	1,587,394		16	%
Loans (net)										927,950			753,306		23
Allowance for loan losses										9,635			8,852		9
Investment Securities										737,868			686,558		7
Total deposits										1,606,253			1,405,601		14
Core deposits										1,556,458			1,353,800		15
Stockholders' equity										99,180			90,823		9
Capital:
Stockholders' equity to total assets										5.40	%		5.72	%
Leverage Ratio										7.34			7.32
Risk based capital ratios:
Tier 1										10.22			10.31
Total Capital										10.96			11.16
Performance Ratios:
Cost of funds		3.27	%		2.17	%				3.07	%		1.95	%
Deposit Cost of Funds		2.47			1.82					2.27			1.62
Net interest margin		3.14			3.76					3.23			3.89
Return on average assets		0.36			0.63					0.44			0.71
Return on average total stockholders' equity		6.77			10.15					8.15			11.08
Asset Quality:
Net charge-offs to average loans outstanding										0.11	%		0.06	%
Nonperforming assets to total period-end assets										0.21			0.13
Allowance for loan losses to total period-end loans										1.03			1.16
Allowance for loan losses to nonperforming loans										265			458
Nonperforming assets to capital and reserves										3	%		2	%

Pennsylvania Commerce Bancorp, Inc. and Subsidiaries Average Balances and Net Interest Income
(unaudited)
	Quarter ended,
	September 2006							June 2006							September 2005
	Average				Average			Average				Average			Average				Average
	Balance		Interest		Rate			Balance		Interest		Rate			Balance		Interest		Rate
(dollars in thousands)
Earning Assets
Investment securities
Taxable	$	738,088	$	9,876		5.35	%	$	750,549	$	9,967		5.31	%	$	604,417	$	7,548		5.00	%
Tax-exempt		1,618		25		6.18			2,101		35		6.66			7,403		168		9.08
Total securities		739,706		9,901		5.35			752,650		10,002		5.32			611,820		7,716		5.04
Federal funds sold		0		0		0.00			0		0		0.00			325		3		3.61
Loans receivable
Mortgage and construction		451,923		8,204		7.14			449,604		8,018		7.07			394,589		6,705		6.74
Commercial loans and lines of credit		266,821		5,509		8.08			250,646		5,114		8.07			198,775		3,521		7.03
Consumer		173,892		2,973		6.78			164,138		2,741		6.70			138,815		2,159		6.17
Tax-exempt		24,357		409		6.72			21,871		356		6.51			9,308		163		7.00
Total loans receivable		916,993		17,095		7.33			886,259		16,229		7.27			741,487		12,548		6.79
Total earning assets	$	1,656,699	$	26,996		6.45	%	$	1,638,909	$	26,231		6.37	%	$	1,353,632	$	20,267		5.94	%
Sources of Funds
Interest-bearing deposits
Regular savings	$	368,467	$	2,290		2.47	%	$	351,575	$	1,924		2.20	%	$	330,563	$	1,378		1.65	%
Interest checking and money market		600,658		5,732		3.79			556,976		4,891		3.52			490,208		3,193		2.58
Time deposits		193,738		1,951		4.00			191,900		1,813		3.79			179,493		1,359		3.00
Public funds time		32,133		351		4.33			33,678		355		4.23			31,429		265		3.35
Total interest-bearing deposits		1,194,996		10,324		3.43			1,134,129		8,983		3.18			1,031,693		6,195		2.38
Short-term borrowings		219,130		3,003		5.36			258,801		3,312		5.06			93,472		861		3.65
Junior subordinated debt		13,943		361		10.36			13,600		355		10.43			13,600		354		10.41
Total interest-bearing liabilities		1,428,069		13,688		3.79			1,406,530		12,650		3.59			1,138,765		7,410		2.58
Noninterest-bearing funds (net)		228,630							232,379							214,867
Total sources to fund earning assets	$	1,656,699	$	13,688		3.27		$	1,638,909	$	12,650		3.08		$	1,353,632	$	7,410		2.17
Net interest income and margin
on a tax-equivalent basis			$	13,308		3.18	%			$	13,581		3.29	%			$	12,857		3.77	%
Tax-exempt adjustment				152							133							112
Net interest income and margin			$	13,156		3.14	%			$	13,448		3.26	%			$	12,745		3.76	%
Other Balances
Cash and due from banks	$	51,904						$	50,116						$	48,936
Other assets		82,357							78,575							61,593
Total assets		1,790,960							1,767,600							1,464,161
Demand deposits (noninterest-bearing)		258,786							258,020							230,992
Other liabilities		7,699							9,959							3,487
Stockholders' equity		96,406							93,091							90,917