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

Exhibit 99.2

Metro 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)	2009			2008			Change			2009			2008			Change
Income Statement Data:
Net interest income	$	19,015		$	19,087			0	%	$	38,352		$	37,670			2	%
Provision for loan losses		3,700			1,400			164			6,900			2,375			191
Noninterest income		4,927			6,493			(24	)		10,426			12,486			(16	)
Total revenues		23,942			25,580			(6	)		48,778			50,156			(3	)
Noninterest operating expenses		22,638			19,077			19			43,265			37,978			14
Net income		(1,355	)		3,506			(139	)		(518	)		6,712			(108	)
Per Common Share Data:
Net  income:  Basic	$	(0.21	)	$	0.55			(138	) %	$	(0.09	)	$	1.05			(109	) %
Net  income:  Diluted		(0.21	)		0.54			(139	)		(0.09	)		1.03			(109	)
Book Value										$	17.97		$	17.53			3	%
Weighted average shares outstanding:
Basic		6,503			6,341						6,484			6,334
Diluted		6,597			6,504						6,558			6,499
Balance Sheet Data:
Total assets										$	2,081,173		$	2,045,103			2	%
Loans (net)											1,433,123			1,298,308			10
Allowance for loan losses											19,337			12,210			58
Investment securities											404,769			539,470			(25	)
Total deposits											1,724,460			1,546,672			11
Core deposits											1,705,725			1,532,208			11
Stockholders' equity											118,115			112,371			5
Capital:
Stockholders' equity to total assets											5.68	%		5.49	%
Leverage ratio											7.68			7.70
Risk based capital ratios:
Tier 1											9.38			10.06
Total Capital											10.51			10.87
Performance Ratios:
Cost of funds		1.20	%		1.73	%					1.20	%		1.92	%
Deposit cost of funds		0.89			1.18						0.88			1.31
Net interest margin		3.83			4.10						3.83			4.08
Return on average assets		(0.26	)		0.71						(0.05	)		0.69
Return on average total stockholders' equity		(4.62	)		12.57						(0.89	)		11.98
Asset Quality:
Net charge-offs to average loans outstanding											0.30	%		0.07	%
Nonperforming assets to total period-end assets											1.61			0.65
Allowance for loan losses to total period-end loans											1.33			0.93
Allowance for loan losses to nonperforming loans											61			95
Nonperforming assets to capital and reserves											24	%		11	%

Metro Bancorp, Inc. and Subsidiaries Average Balances and Net Interest Income (unaudited)
	Quarter ending,																					Year-to-date,
	June 2009							March 2009							June 2008							June 2009							June 2008
	Average				Average			Average				Average			Average				Average			Average				Average			Average				Average
	Balance		Interest		Rate			Balance		Interest		Rate			Balance		Interest		Rate			Balance		Interest		Rate			Balance		Interest		Rate
(dollars in thousands)
Earning Assets
Investment securities:
Taxable	$	474,996	$	4,915		4.14	%	$	525,370	$	5,477		4.17	%	$	572,632	$	7,109		4.97	%	$	500,043	$	10,392		4.16	%	$	594,463	$	15,036		5.06	%
Tax-exempt		1,623		25		6.19			1,623		26		6.41			1,622		25		6.17			1,623		50		6.19			1,621		50		6.17
Total securities		476,619		4,940		4.15			526,993		5,503		4.18			574,254		7,134		4.97			501,666		10,442		4.16			596,084		15,086		5.06
Other earning assets		620		1		0.50			0		0		0.00			0		0		0.00			433		1		0.48			0		0		0.00
Loans receivable:
Mortgage and construction		748,766		10,783		5.71			753,190		10,740		5.70			622,055		10,248		6.53			754,264		21,524		5.70			600,816		20,240		6.67
Commercial loans and lines of credit		385,398		4,882		5.04			369,236		4,663		5.05			344,512		5,373		6.17			374,064		9,544		5.09			338,499		11,238		6.57
Consumer		260,417		3,309		5.09			270,078		3,409		5.12			235,819		3,543		6.04			265,221		6,718		5.10			231,354		7,260		6.31
Tax-exempt		102,338		1,600		6.24			96,328		1,536		6.38			72,240		1,227		6.79			99,349		3,137		6.22			64,491		2,212		6.86
Total loans receivable		1,496,919		20,574		5.47			1,488,832		20,348		5.48			1,274,626		20,391		6.36			1,492,898		40,923		5.47			1,235,160		40,950		6.59
Total earning assets	$	1,974,158	$	25,515		5.15	%	$	2,015,825	$	25,851		5.14	%	$	1,848,880	$	27,525		5.93	%	$	1,994,997	$	51,366		5.14	%	$	1,831,244	$	56,036		6.09	%
Sources of Funds
Interest-bearing deposits:
Regular savings	$	335,795	$	479		0.57	%	$	345,498	$	552		0.65	%	$	335,255	$	889		1.07	%	$	340,620	$	1,031		0.61	%	$	342,616	$	2,088		1.23	%
Interest checking and money market		758,617		1,800		0.95			722,248		1,663		0.93			694,178		2,548		1.48			740,533		3,463		0.94			700,401		5,909		1.70
Time deposits		260,091		2,036		3.14			249,374		2,047		3.33			199,025		1,788		3.61			254,762		4,083		3.23			182,623		3,438		3.79
Public funds time		13,805		77		2.24			10,307		70		2.75			24,607		223		3.64			12,066		147		2.46			23,763		460		3.89
Total interest-bearing deposits		1,368,308		4,392		1.29			1,327,427		4,332		1.32			1,253,065		5,448		1.75			1,347,981		8,724		1.31			1,249,403		11,895		1.91
Short-term borrowings		206,521		324		0.62			308,065		426		0.55			236,957		1,338		2.23			257,012		750		0.58			233,853		3,249		2.75
Other borrowed money		50,000		555		4.39			50,000		548		4.38			50,000		554		4.38			50,000		1,103		4.39			50,000		1,109		4.39
Junior subordinated debt		29,400		661		9.00			29,400		661		8.99			29,400		661		8.99			29,400		1,322		9.00			29,400		1,322		8.99
Total interest-bearing liabilities		1,654,229		5,932		1.44			1,714,892		5,967		1.41			1,569,422		8,001		2.04			1,684,393		11,899		1.42			1,562,656		17,575		2.25
Noninterest-bearing funds (net)		319,929							300,933							279,458							310,604							268,588
Total sources to fund earning assets	$	1,974,158	$	5,932		1.20	%	$	2,015,825	$	5,967		1.20	%	$	1,848,880	$	8,001		1.73	%	$	1,994,997	$	11,899		1.20	%	$	1,831,244	$	17,575		1.92	%
Net interest income and margin
on a tax-equivalent basis			$	19,583		3.95	%			$	19,884		3.94	%			$	19,524		4.20	%			$	39,467		3.94	%			$	38,461		4.17	%
Tax-exempt adjustment				568							547							437							1,115							791
Net interest income and margin			$	19,015		3.83	%			$	19,337		3.83	%			$	19,087		4.10	%			$	38,352		3.83	%			$	37,670		4.08	%
Other Balances:
Cash and due from banks	$	41,055						$	38,763						$	43,842						$	39,789						$	45,378
Other assets		80,457							75,055							83,137							77,810							86,533
Total assets		2,095,670							2,129,643							1,975,859							2,112,596							1,963,155
Demand deposits (noninterest-bearing)		312,396							285,580							283,693							299,058							277,019
Other liabilities		11,496							12,702							10,577							12,133							10,810
Stockholders' equity		117,549							116,469							112,167							117,012							112,670

Metro Bancorp, Inc. and Subsidiaries
Summary of Allowance for Loan Losses and Other Related Data
(unaudited)
	6/30/2009			6/30/2008			Year-ended			6/30/2009			6/30/2008
(dollar amounts in thousands)	Three Months Ended						12/31/2008			Six Months Ended
Balance at beginning of period	$	16,231		$	11,627		$	10,742		$	16,719		$	10,742
Provisions charged to operating expense		3,700			1,400			7,475			6,900			2,375
		19,931			13,027			18,217			23,619			13,117
Recoveries on loans charged-off:
Commercial		117			7			145			120			131
Consumer		4			17			25			5			23
Real estate		6			0			0			6			0
Total recoveries		127			24			170			131			154
Loans charged-off:
Commercial		(486	)		(719	)		(1,426	)		(2,346	)		(884	)
Consumer		(12	)		(70	)		(173	)		(19	)		(108	)
Real estate		(223	)		(52	)		(69	)		(2,048	)		(69	)
Total charged-off		(721	)		(841	)		(1,668	)		(4,413	)		(1,061	)
Net charge-offs		(594	)		(817	)		(1,498	)		(4,282	)		(907	)
Balance at end of period	$	19,337		$	12,210		$	16,719		$	19,337		$	12,210
Net charge-offs as a percentage of
average loans outstanding		0.04	%		0.07	%		0.11	%		0.30	%		0.07	%
Allowance for loan losses as a percentage of
period-end loans		1.33	%		0.93	%		1.16	%		1.33	%		0.93	%

Metro Bancorp, Inc. and Subsidiaries
Summary of Nonperforming Loans and Assets
(unaudited)
The following table presents information regarding nonperforming loans and assets as of June 30, 2009 and for the preceding four quarters
(dollar amounts in thousands).
	June 30,			March 31,			December 31,			September 30,			June 30,
	2009			2009			2008			2008			2008
Nonaccrual loans:
Commercial	$	8,240		$	8,479		$	6,863		$	7,083		$	2,577
Consumer		882			724			492			164			125
Real Estate:
Construction		6,045			7,870			7,646			731			735
Real Estate		16,628			12,348			12,121			3,657			3,433
Total nonaccrual loans		31,795			29,421			27,122			11,635			6,870
Loans past due 90 days or more
and still accruing		0			0			0			33			6,036
Renegotiated loans		0			0			0			0			0
Total nonperforming loans		31,795			29,421			27,122			11,668			12,906
Foreclosed real estate		1,650			989			743			535			421
Total nonperforming assets	$	33,445		$	30,410		$	27,865		$	12,203		$	13,327
Nonperforming loans to total loans		2.19	%		2.03	%		1.88	%		0.84	%		0.98	%
Nonperforming assets to total assets		1.61	%		1.44	%		1.30	%		0.57	%		0.65	%
Nonperforming loan coverage		61	%		55	%		62	%		119	%		95	%
Allowance for loan losses as a percentage
of total period-end loans		1.33	%		1.12	%		1.16	%		1.00	%		0.93	%
Nonperforming assets / capital plus allowance for loan losses		24	%		22	%		21	%		10	%		11	%