Peer Analysis

Performance Ratios (%)	FRBK	Peer Median	Peer Average
ROAA	($0.07)	$0.80	$0.92
ROAE	($0.95)	$7.41	$8.81
Net Interest Margin	$2.69	$3.38	$3.24
Efficiency Ratio	$100.81	$61.22	$61.28
Loans / Deposits	$69.77	$94.99	$93.63
Asset Quality Ratios (%)
NPAs / Assets	NA	0.74	0.73
NCOs / Avg Loans	0.03	0.05	0.07
Reserves / Loans	0.43	1.00	1.10
Reserves / NPAs	NA	174.75	162.55
Capital Ratios (%)
Tier 1 Capital	11.51	12.76	14.85
Tangible Equity / Tangible Assets	NA	9.13	9.55
Total Equity / Total Assets	5.75	10.69	10.81
Market Ratios
Price / Earnings (x)	NA	10.75	10.88
Price / Book (%)	54.95	75.43	82.37
Dividend Yield (%)	0.00	4.43	3.81

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. (OSHC), 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 6/30/2020.

Peer financial data is as of 6/30/2020 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.