Metro Bancorp (METR) 10-Q 2006 Q3 Quarterly report

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