Metro Bancorp (METR) 10-Q 2005 Q2 Quarterly report

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