Exhibit 11. | Pennsylvania Commerce Bancorp, Inc. |
Computation of Net Income Per Share |
For the Quarter Ending September 30, 2006 | ||||||
Income | Shares | Per Share Amount | ||||
Basic Earnings Per Share: | ||||||
Net income | $ 1,645,000 | |||||
Preferred stock dividends | (20,000) | |||||
Income available to common stockholders | 1,625,000 | 6,115,986 | $ 0.27 | |||
Effect of Dilutive Securities: | ||||||
Stock options | 257,409 | |||||
Diluted Earnings Per Share: | ||||||
Income available to common stockholders plus assumed conversions | $ 1,625,000 | 6,373,395 | $ 0.26 | |||
For the Quarter Ending September 30, 2005 | ||||||
Income | Shares | Per Share Amount | ||||
Basic Earnings Per Share: | ||||||
Net income | $ 2,325,000 | |||||
Preferred stock dividends | (20,000) | |||||
Income available to common stockholders | 2,305,000 | 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 | $ 2,305,000 | 6,392,586 | $ 0.36 | |||
For the Nine Months Ending September 30, 2006 | ||||||
Income | Shares | Per Share Amount | ||||
Basic Earnings Per Share: | ||||||
Net income | $ 5,732,000 | |||||
Preferred stock dividends | (60,000) | |||||
Income available to common stockholders | 5,672,000 | 6,086,302 | $ 0.93 | |||
Effect of Dilutive Securities: | ||||||
Stock options | 294,283 | |||||
Diluted Earnings Per Share: | ||||||
Income available to common stockholders plus assumed conversions | $ 5,672,000 | 6,380,585 | $ 0.89 | |||
For the Nine Months Ending 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 |