ADD to BW2587, (PA-COMMERCE-BANCORP).Business Editors ADD to BW2587 (PA-COMMERCE-BANCORP) after last graph graph, figure that shows relationships between quantities. The graph of a function y=f (x) is the set of points with coordinates [x, f (x)] in the xy-plane, when x and y are numbers. xxx by the end of the year.
Pennsylvania Commerce Bancorp, Inc.
Selected Consolidated Financial Data
(Unaudited)
Three Months Ended Twelve Months Ended
December 31, December 31,
------------------ -------------------
(in thousands,
except per % %
share amounts) 2000 1999 Change 2000 1999 Change
---- ---- ------ ---- ---- ------
Income
Statement
Data:
Prior
QTr
YTD
Net
interest
income $4,707 $3,920 20% $ 17,477 $ 14,676 19% $ 12,770
Provision
for
loan
losses 285 160 78 1,050 762 38 765
Noninterest
income 1,398 1,119 25 5,362 4,558 18 3,964
Noninterest
operating
expenses 4,188 3,457 21 16,189 13,756 18 12,001
Net income 1,064 935 +14 3,714 3,103 +20 2,650
Per Common
Share Data:
Net income:
Basic $ 0.63 $ 0.56 13% $ 2.20 $ 1.85 19% $ 1.57
Net income:
Diluted 0.59 0.52 +13 2.06 1.72 +20 1.47
Book Value $ 15.39 $ 11.76 +31%
Weighted
average
shares
outstanding:
Basic 1,660 1,640 1,653 1,638
Diluted 1,778 1,748 1,766 1,756
Balance Sheet
Data:
Total
assets $480,123 $378,913 +27%
Loans (net) 291,849 218,565 34
Allowance for
loan losses 3,732 2,841 31
Securities
available
for sale 92,921 84,652 10
Securities
held to
maturity 33,812 29,039 16
Total deposits 446,583 348,546 28
Core deposits 423,018 335,069 26
Trust
preferred
securities 5,000 0
Stockholders'
equity 26,674 20,378 +31
Capital:
Stockholders'
equity to
total
assets 5.56% 5.38%
Risk based
capital
ratios:
Tier 1 9.90 9.91
Total
Capital 11.05 11.12
Leverage
Ratio 6.92 6.28
Performance
Ratios:
Cost of
funds 3.88% 3.22% 3.67% 3.11%
Net
interest
margin 4.34 4.57 4.49 4.59
Return
on
average
assets 0.91 1.00 0.88 0.89
Return on
average
total
stockholders'
equity 16.83 17.83 16.59 15.18
Asset Quality:
Net
charge-offs
to average
loans
outstanding 0.06% 0.08%
Nonperforming
loans to
total
period-end
loans 0.29 0.32
Nonperforming
assets to
total
period-end
assets 0.18 0.18
Allowance
for loan
losses to
total
period-end
loans 1.29 1.31
Allowance
for loan
losses to
nonperforming
loans 448.02 415.35
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