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Exhibit 11.
Pennsylvania Commerce Bancorp, Inc.
Computation of Net Income Per Share
For the Quarter Ended March 31, 2005 | |||
Income | Shares | Per Share | |
Amount | |||
Basic Earnings Per Share: | |||
Net income | $2,461,000 | ||
Preferred stock dividends | (20,000) | ||
Income available to common stockholders | 2,441,000 | 5,902,331 | $0.41 |
Effect of Dilutive Securities: | |||
Stock Options | 416,852 | ||
Diluted Earnings Per Share: | |||
Income available to common stockholders plus assumed conversions | $2,441,000 | 6,319,183 | $0.39 |
For the Quarter Ended March 31, 2004 | |||
Income | Shares | Per Share | |
Amount | |||
Basic Earnings Per Share: | |||
Net income | $1,928,000 | ||
Preferred stock dividends | (20,000) | ||
Income available to common stockholders | 1,908,000 | 4,603,116 | $0.41 |
Effect of Dilutive Securities: | |||
Stock Options | 433,270 | ||
Diluted Earnings Per Share: | |||
Income available to common stockholders plus assumed conversions | $1,908,000 | 5,036,386 | $0.38 |