Metro Bancorp (METR) 10-Q 2006 Q1 Quarterly report

Exhibit 11. Pennsylvania Commerce Bancorp, Inc.

Computation of Net Income Per Share

For the Quarter Ending March 31, 2006
	Income			Shares		Per Share Amount
Basic Earnings Per Share:
Net income	$	2,037,000
Preferred stock dividends		(20,000	)
Income available to common stockholders		2,017,000			6,053,878	$	0.33
Effect of Dilutive Securities:
Stock options					321,984
Diluted Earnings Per Share:
Income available to common stockholders plus assumed conversions	$	2,017,000			6,375,862	$	0.32
For the Quarter Ending 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