Peer Analysis

Performance Ratios (%)	FRBK	Peer Median	Peer Average
ROAA	($0.04)	$0.76	$0.85
ROAE	($0.60)	$6.99	$8.40
Net Interest Margin	$2.57	$3.25	$3.17
Efficiency Ratio	$95.65	$60.03	$60.91
Loans / Deposits	$67.32	$92.90	$92.25
Asset Quality Ratios (%)
NPAs / Assets	0.40	0.95	0.81
NCOs / Avg Loans	0.03	0.07	0.10
Reserves / Loans	0.44	1.07	1.13
Reserves / NPAs	60.39	90.18	165.85
Capital Ratios (%)
Tier 1 Capital	13.46	12.76	13.93
Tangible Equity / Tangible Assets	6.02	9.24	9.41
Total Equity / Total Assets	6.11	10.48	10.71
Market Ratios
Price / Earnings (x)	NA	14.33	14.59
Price / Book (%)	57.12	103.57	98.92
Dividend Yield (%)	0.00	3.38	3.17

Data for trailing four quarters

Republic First Bancorp, Inc.'s peer group consists of the following: Bryn Mawr Bank Corporation (BMTC), Citizens & Northern Corporation (CZNC), DNB Financial Corporation, ESSA Bancorp, Inc. (ESSA), Harleysville Financial Corporation (HARL), Ocean Shore Holding Co., OceanFirst Financial Corp. (OCFC), Parke Bancorp, Inc. (PKBK), Peapack-Gladstone Financial Corporation (PGC), QNB Corp. (QNBC), Royal Bancshares of Pennsylvania, Inc., Sun Bancorp, Inc., Univest Financial Corporation (UVSP)

Republic First Bancorp, Inc.'s financial data is as of 9/30/2020.

Peer financial data is as of 9/30/2020 except for these companies:

Royal Bancshares of Pennsylvania, Inc.'s financial data is as of 9/30/2017.
DNB Financial Corporation's financial data is as of 9/30/2019.
Sun Bancorp, Inc.'s financial data is as of 12/31/2017.
Ocean Shore Holding Co.'s financial data is as of 9/30/2016.