Metro Bancorp (METR) 8-K Reports Increase In Assets, Loans and Deposits

Exhibit 99.2

Pennsylvania Commerce Bancorp, Inc.
Selected Consolidated Financial Data
(Unaudited)
	At or for the
	Three Months Ended
	March 31,
							%
(in  thousands,  except  per  share  amounts)	2009			2008			Change
Income Statement Data:
Net interest income	$	19,337		$	18,583			4	%
Provision for loan losses		3,200			975			228
Noninterest income		5,499			5,993			(8	)
Total revenues		24,836			24,576			1
Noninterest operating expenses		20,627			18,901			9
Net income		837			3,206			(74	)
Per Common Share Data:
Net  income:  Basic	$	0.13		$	0.50			(74	) %
Net  income:  Diluted		0.13			0.49			(73	)
Book Value	$	18.17		$	17.26			5	%
Weighted average shares outstanding:
Basic		6,465			6,327
Diluted		6,518			6,495
Balance Sheet Data:
Total assets	$	2,115,301		$	1,957,843			8	%
Loans (net)		1,430,105			1,203,231			19
Allowance for loan losses		16,231			11,627			40
Investment securities		470,610			555,604			(15	)
Total deposits		1,668,617			1,580,099			6
Core deposits		1,658,100			1,545,575			7
Stockholders' equity		118,997			110,336			8
Capital:
Stockholders' equity to total assets		5.63	%		5.64	%
Leverage ratio		7.59			7.59
Risk based capital ratios:
Tier 1		9.51			9.99
Total Capital		10.46			10.77
Performance Ratios:
Cost of funds		1.20	%		2.11	%
Deposit cost of funds		0.87			1.43
Net interest margin		3.83			4.07
Return on average assets		0.16			0.66
Return on average total stockholders' equity		2.91			11.39
Asset Quality:
Net charge-offs to average loans outstanding		0.26	%		0.01	%
Nonperforming  assets  to  total  period-end  assets		1.44			0.22
Allowance  for  loan  losses  to  total  period-end  loans		1.12			0.96
Allowance  for  loan  losses  to  nonperforming  loans		55			309
Nonperforming  assets  to  capital and reserves		22	%		4	%

Pennsylvania Commerce Bancorp, Inc. and Subsidiaries Average Balances and Net Interest Income
(unaudited)
	Quarter ending,
	March 2009							December 2008							March 2008
	Average				Average			Average				Average			Average				Average
	Balance		Interest		Rate			Balance		Interest		Rate			Balance		Interest		Rate
(dollars in thousands)
Earning Assets
Investment securities:
Taxable	$	525,370	$	5,477		4.17	%	$	546,047	$	6,467		4.74	%	$	616,294	$	7,927		5.14	%
Tax-exempt		1,623		26		6.41			1,622		25		6.17			1,621		25		6.17
Total securities		526,993		5,503		4.18			547,669		6,492		4.74			617,915		7,952		5.15
Federal funds sold		0		0		0.00			0		0		0.00			0		0		0.00
Loans receivable:
Mortgage and construction		753,190		10,740		5.70			723,049		11,153		6.05			579,577		9,992		6.83
Commercial loans and lines of credit		369,236		4,663		5.05			373,748		5,268		5.52			332,486		5,865		6.98
Consumer		270,078		3,409		5.12			265,847		3,909		5.85			226,889		3,717		6.59
Tax-exempt		96,328		1,536		6.38			99,502		1,617		6.50			56,742		985		6.94
Total loans receivable		1,488,832		20,348		5.48			1,462,146		21,947		5.91			1,195,694		20,559		6.83
Total earning assets	$	2,015,825	$	25,851		5.14	%	$	2,009,815	$	28,439		5.59	%	$	1,813,609	$	28,511		6.26	%
Sources of Funds
Interest-bearing deposits:
Regular savings	$	345,498	$	552		0.65	%	$	363,773	$	761		0.83	%	$	349,976	$	1,200		1.38	%
Interest checking and money market		722,248		1,663		0.93			753,670		2,249		1.19			706,625		3,360		1.91
Time deposits		249,374		2,047		3.33			193,063		1,575		3.25			166,221		1,650		3.99
Public funds time		10,307		70		2.75			8,830		72		3.24			22,920		237		4.16
Total interest-bearing deposits		1,327,427		4,332		1.32			1,319,336		4,657		1.40			1,245,742		6,447		2.08
Short-term borrowings		308,065		426		0.55			325,477		603		0.72			230,749		1,911		3.28
Other borrowed money		50,000		548		4.38			50,000		561		4.39			50,000		555		4.39
Junior subordinated debt		29,400		661		8.99			29,400		661		8.99			29,400		661		8.99
Total interest-bearing liabilities		1,714,892		5,967		1.41			1,724,213		6,482		1.49			1,555,891		9,574		2.46
Noninterest-bearing funds (net)		300,933							285,602							257,718
Total sources to fund earning assets	$	2,015,825	$	5,967		1.20	%	$	2,009,815	$	6,482		1.28	%	$	1,813,609	$	9,574		2.11	%
Net interest income and margin on a tax-equivalent basis			$	19,884		3.94	%			$	21,957		4.31	%			$	18,937		4.15	%
Tax-exempt adjustment				547							574							354
Net interest income and margin			$	19,337		3.83	%			$	21,383		4.20	%			$	18,583		4.07	%
Other Balances:
Cash and due from banks	$	38,763						$	42,237						$	46,913
Other assets		75,055							70,996							89,927
Total assets		2,129,643							2,123,048							1,950,449
Demand deposits (noninterest-bearing)		285,580							272,871							270,345
Other liabilities		12,702							13,581							11,041
Stockholders' equity		116,469							112,383							113,172

Pennsylvania Commerce Bancorp, Inc. and Subsidiaries
Summary of Allowance for Loan Losses and Other Related Data
(unaudited)
	3/31/2009			3/31/2008			Year-ended
(dollar amounts in thousands)	Three Months Ended						12/31/2008
Balance at beginning of period	$	16,719		$	10,742		$	10,742
Provisions charged to operating expense		3,200			975			7,475
		19,919			11,717			18,217
Recoveries on loans charged-off:
Commercial		3			124			145
Consumer		1			6			25
Real estate		0			0			0
Total recoveries		4			130			170
Loans charged-off:
Commercial		(3,685	)		(165	)		(1,426	)
Consumer		(7	)		(38	)		(173	)
Real estate		0			(17	)		(69	)
Total charged-off		(3,692	)		(220	)		(1,668	)
Net charge-offs		(3,688	)		(90	)		(1,498	)
Balance at end of period	$	16,231		$	11,627		$	16,719
Net charge-offs as a percentage of
average loans outstanding		0.26	%		0.01	%		0.11	%
Allowance for loan losses as a percentage of
period-end loans		1.12	%		0.96	%		1.16	%

Summary of Nonperforming Loans and Assets
(unaudited)
The following table presents information regarding nonperforming loans and assets as of March 31, 2009 and for the preceding four quarters
(dollar amounts in thousands).
	March 31,			December 31,			September 30,			June 30,			March 31,
	2009			2008			2008			2008			2008
Nonaccrual loans:
Commercial	$	8,479		$	6,863		$	7,083		$	2,577		$	1,158
Consumer		724			492			164			125			120
Real Estate:
Construction		7,870			7,646			731			735			284
Real Estate		12,348			12,121			3,657			3,433			2,183
Total nonaccrual loans		29,421			27,122			11,635			6,870			3,745
Loans past due 90 days or more
and still accruing		0			0			33			6,036			15
Renegotiated loans		0			0			0			0			0
Total nonperforming loans		29,421			27,122			11,668			12,906			3,760
Foreclosed real estate		989			743			535			421			588
Total nonperforming assets	$	30,410		$	27,865		$	12,203		$	13,327		$	4,348
Nonperforming loans to total loans		2.03	%		1.88	%		0.84	%		0.98	%		0.31	%
Nonperforming assets to total assets		1.44	%		1.30	%		0.57	%		0.65	%		0.22	%
Nonperforming loan coverage		55	%		62	%		119	%		95	%		309	%
Allowance for loan losses as a percentage
of total period-end loans		1.12	%		1.16	%		1.00	%		0.93	%		0.96	%
Nonperforming assets / capital plus allowance for loan losses		22	%		21	%		10	%		11	%		4	%