Exhibit 11. | Pennsylvania Commerce Bancorp, Inc. |
Computation of Net Income Per Share |
For the Quarter Ended June 30, 2005 | ||||||||||
Income | Shares | Per Share | ||||||||
Amount | ||||||||||
Basic Earnings Per Share: | ||||||||||
Net income | $ | 2,555,000 | ||||||||
Preferred stock dividends | (20,000 | ) | ||||||||
Income available to common stockholders | 2,535,000 | 5,939,536 | $ | 0.43 | ||||||
Effect of Dilutive Securities: | ||||||||||
Stock Options | 411,756 | |||||||||
Diluted Earnings Per Share: | ||||||||||
Income available to common stockholders plus assumed conversions | $ | 2,535,000 | 6,351,292 | $ | 0.40 | |||||
For the Quarter Ended June 30, 2004 | ||||||||||
Income | Shares | Per Share | ||||||||
Amount | ||||||||||
Basic Earnings Per Share: | ||||||||||
Net income | $ | 2,181,000 | ||||||||
Preferred stock dividends | (20,000 | ) | ||||||||
Income available to common stockholders | 2,161,000 | 4,626,914 | $ | 0.47 | ||||||
Effect of Dilutive Securities: | ||||||||||
Stock Options | 416,673 | |||||||||
Diluted Earnings Per Share: | ||||||||||
Income available to common stockholders plus assumed conversions | $ | 2,161,000 | 5,043,587 | $ | 0.43 | |||||
For the Six Months Ended June 30, 2005 | ||||||||||
Income | Shares | Per Share | ||||||||
Amount | ||||||||||
Basic Earnings Per Share: | ||||||||||
Net income | $ | 5,016,000 | ||||||||
Preferred stock dividends | (40,000 | ) | ||||||||
Income available to common stockholders | 4,976,000 | 5,921,037 | $ | 0.84 | ||||||
Effect of Dilutive Securities: | ||||||||||
Stock Options | 409,264 | |||||||||
Diluted Earnings Per Share: | ||||||||||
Income available to common stockholders plus assumed conversions | $ | 4,976,000 | 6,330,301 | $ | 0.79 | |||||
For the Six Months Ended June 30, 2004 | ||||||||||
Income | Shares | Per Share | ||||||||
Amount | ||||||||||
Basic Earnings Per Share: | ||||||||||
Net income | $ | 4,109,000 | ||||||||
Preferred stock dividends | (40,000 | ) | ||||||||
Income available to common stockholders | 4,069,000 | 4,615,015 | $ | 0.88 | ||||||
Effect of Dilutive Securities: | ||||||||||
Stock Options | 418,911 | |||||||||
Diluted Earnings Per Share: | ||||||||||
Income available to common stockholders plus assumed conversions | $ | 4,069,000 | 5,033,926 | $ | 0.81 |