Printer Friendly
The Free Library
19,573,962 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

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
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Jan 22, 2001
Words:393
Previous Article:Infotopia, Inc. Retains Wolfe Axelrod Weinberger Associates.
Next Article:USA Networks, Inc. Schedules Fourth Quarter Conference Call for Media.



Related Articles
APPLICATIONS APPROVED UNDER BANK HOLDING COMPANY ACT: By Federal Reserve Banks.
Commerce Bank/Harrisburg Elects Gary Nalbandian as President.
Commerce Bank Names Douglas J. Pauls Chief Financial Officer.
Applications approved under Bank Holding Company Act: by Federal Reserve Banks.
Company Profile for Pennsylvania Commerce Bancorp, Inc.
Pennsylvania Commerce Bancorp Declares 5% Stock Dividend.
Commerce Bank Appoints John J. Cardello to Board of Directors.
First Commerce Bancorp Reports Record Earnings.
Commerce Bank Announces Plans for New Headquarters, Operations and Training Center.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles