Exhibit 11. | Pennsylvania Commerce Bancorp, Inc. |
Computation of Net Income Per Share |
For the Quarter Ended September 30, 2005 | |||
Income | Shares | Per Share | |
Amount | |||
Basic Earnings Per Share: | |||
Net income | $2,324,000 | ||
Preferred stock dividends | (20,000) | ||
Income available to common stockholders | 2,304,000 | 5,955,611 | $0.39 |
Effect of Dilutive Securities: | |||
Stock Options | 436,975 | ||
Diluted Earnings Per Share: | |||
Income available to common stockholders plus assumed conversions | $2,304,000 | 6,392,586 | $0.36 |
For the Quarter Ended September 30, 2004 | |||
Income | Shares | Per Share | |
Amount | |||
Basic Earnings Per Share: | |||
Net income | $2,198,000 | ||
Preferred stock dividends | (20,000) | ||
Income available to common stockholders | 2,178,000 | 4,671,094 | $0.47 |
Effect of Dilutive Securities: | |||
Stock Options | 378,283 | ||
Diluted Earnings Per Share: | |||
Income available to common stockholders plus assumed conversions | $2,178,000 | 5,049,377 | $0.43 |
For the Nine Months Ended September 30, 2005 | |||
Income | Shares | Per Share | |
Amount | |||
Basic Earnings Per Share: | |||
Net income | $7,341,000 | ||
Preferred stock dividends | (60,000) | ||
Income available to common stockholders | 7,281,000 | 5,932,688 | $1.23 |
Effect of Dilutive Securities: | |||
Stock Options | 414,331 | ||
Diluted Earnings Per Share: | |||
Income available to common stockholders plus assumed conversions | $7,281,000 | 6,347,019 | $1.15 |
For the Nine Months Ended September 30, 2004 | |||
Income | Shares | Per Share | |
Amount | |||
Basic Earnings Per Share: | |||
Net income | $6,307,000 | ||
Preferred stock dividends | (60,000) | ||
Income available to common stockholders | 6,247,000 | 4,633,845 | $1.35 |
Effect of Dilutive Securities: | |||
Stock Options | 391,534 | ||
Diluted Earnings Per Share: | |||
Income available to common stockholders plus assumed conversions | $6,247,000 | 5,025,379 | $1.24 |