Metro Bancorp (METR) 8-K Results of Operations and Financial Condition

Exhibit 99.2

Pennsylvania Commerce Bancorp, Inc.
Selected Consolidated Financial Data
(Unaudited)
	At or for the									At or for the
	Three Months Ending									Twelve Months Ended
	December 31,									December 31,
(in thousands, except per share amounts)	2006			2005			% Change			2006			2005			% Change
Income Statement Data:
Net interest income	$	12,990		$	13,147			(1	) %	$	52,791		$	50,905			4	%
Provision for loan losses		225			140			61			1,634			1,560			5
Noninterest income		5,200			2,960			76			18,752			14,156			32
Total Revenues		18,190			16,107			13			71,543			65,061			10
Noninterest operating expenses		16,010			13,790			16			59,294			50,403			18
Net income		1,522			1,476			3			7,254			8,817			(18	)
Per Common Share Data:
Net income: Basic	$	0.24		$	0.24			0	%	$	1.18		$	1.47			(20	) %
Net income: Diluted		0.24			0.23			4			1.12			1.38			(19	)
Book Value										$	16.27		$	15.07			8	%
Weighted average shares outstanding:
Basic		6,138			5,994						6,099			5,948
Diluted		6,360			6,366						6,381			6,318
Balance Sheet Data:
Total assets										$	1,866,483		$	1,641,121			14	%
Loans (net)											973,033			815,439			19
Allowance for loan losses											9,685			9,231			5
Investment Securities											711,686			687,102			4
Total deposits											1,616,777			1,371,062			18
Core deposits											1,578,316			1,309,926			20
Stockholders' equity											101,108			91,643			10
Capital:
Stockholders' equity to total assets											5.42	%		5.58	%
Leverage Ratio											7.31			6.69
Risk based capital ratios:
Tier 1											10.00			9.79
Total Capital											10.72			10.61
Performance Ratios:
Cost of funds		3.36	%		2.55	%					3.14	%		2.12	%
Deposit Cost of Funds		2.85			2.01						2.42			1.73
Net interest margin		3.03			3.45						3.18			3.77
Return on average assets		0.33			0.36						0.41			0.61
Return on average total stockholders' equity		6.00			6.50						7.58			9.91
Asset Quality:
Net charge-offs to average loans outstanding											0.13	%		0.02	%
Nonperforming assets to total period-end assets											0.19			0.16
Allowance for loan losses to total period-end loans											0.99			1.12
Allowance for loan losses to nonperforming loans											287			364
Nonperforming assets to capital and reserves											3	%		3	%

Pennsylvania Commerce Bancorp, Inc. and Subsidiaries Average Balances and Net Interest Income
(unaudited)
	Quarter ending,
	December 2006							September 2006							December 2005
	Average				Average			Average				Average			Average				Average
	Balance		Interest		Rate			Balance		Interest		Rate			Balance		Interest		Rate
(dollars in thousands)
Earning Assets
Investment securities
Taxable	$	724,879	$	9,651		5.33	%	$	738,088	$	9,876		5.35	%	$	720,099	$	9,096		5.05	%
Tax-exempt		1,619		25		6.18			1,618		25		6.18			2,616		48		7.34
Total securities		726,498		9,676		5.33			739,706		9,901		5.35			722,715		9,144		5.06
Federal funds sold		0		0		0.00			0		0		0.00			0		0		0.00
Loans receivable
Mortgage and construction		467,844		8,465		7.11			451,923		8,204		7.14			419,512		7,225		6.83
Commercial loans and lines of credit		281,668		5,709		7.93			266,821		5,509		8.08			213,487		4,016		7.46
Consumer		184,760		3,150		6.76			173,892		2,973		6.78			150,459		2,399		6.33
Tax-exempt		29,952		507		6.77			24,357		409		6.72			13,691		235		6.87
Total loans receivable		964,224		17,831		7.27			916,993		17,095		7.33			797,149		13,875		6.91
Total earning assets	$	1,690,722	$	27,507		6.44	%	$	1,656,699	$	26,996		6.45	%	$	1,519,864	$	23,019		6.03	%
Sources of Funds
Interest-bearing deposits
Regular savings	$	383,600	$	2,571		2.66	%	$	368,467	$	2,290		2.47	%	$	349,729	$	1,669		1.89	%
Interest checking and money market		712,341		7,162		3.99			600,658		5,732		3.79			548,212		4,132		2.99
Time deposits		196,628		2,064		4.16			193,738		1,951		4.00			186,364		1,539		3.28
Public funds time		28,256		328		4.61			32,133		351		4.33			38,623		358		3.68
Total interest-bearing deposits		1,320,825		12,125		3.64			1,194,996		10,324		3.43			1,122,928		7,698		2.72
Short-term borrowings		112,868		1,544		5.35			219,130		3,003		5.36			163,410		1,723		4.13
Junior subordinated debt		29,400		661		8.99			13,943		361		10.36			13,600		355		10.44
Total interest-bearing liabilities		1,463,093		14,330		3.88			1,428,069		13,688		3.79			1,299,938		9,776		2.98
Noninterest-bearing funds (net)		227,629							228,630							219,926
Total sources to fund earning assets	$	1,690,722	$	14,330		3.36		$	1,656,699	$	13,688		3.27		$	1,519,864	$	9,776		2.55
Net interest income and margin
on a tax-equivalent basis			$	13,177		3.08	%			$	13,308		3.18	%			$	13,243		3.48	%
Tax-exempt adjustment				186							152							96
Net interest income and margin			$	12,991		3.03	%			$	13,156		3.14	%			$	13,147		3.46	%
Other Balances
Cash and due from banks	$	49,778						$	51,904						$	40,389
Other assets		86,285							82,357							68,539
Total assets		1,826,785							1,790,960							1,628,792
Demand deposits (noninterest-bearing)		255,903							258,786							232,279
Other liabilities		7,162							7,699							6,435
Stockholders' equity		100,627							96,406							90,140

CONTACT: Pennsylvania Commerce Bancorp, Inc. 

                      Gary L. Nalbandian or Mark A. Zody, 800-653-6104

SOURCE:  Pennsylvania Commerce Bancorp, Inc.