Exhibit 11. | Pennsylvania Commerce Bancorp, Inc. |
Computation of Net Income Per Share |
For the Quarter Ending June 30, 2007 | ||||||
Income | Shares | Per Share Amount | ||||
Basic Earnings Per Share: | ||||||
Net income | $ 1,571,000 | |||||
Preferred stock dividends | (20,000) | |||||
Income available to common stockholders | 1,551,000 | 6,222,947 | $ 0.25 | |||
Effect of Dilutive Securities: | ||||||
Stock options | 235,532 | |||||
Diluted Earnings Per Share: | ||||||
Income available to common stockholders plus assumed conversions | $ 1,551,000 | 6,458,479 | $ 0.24 | |||
For the Quarter Ending June 30, 2006 | ||||||
Income | Shares | Per Share Amount | ||||
Basic Earnings Per Share: | ||||||
Net income | $ 2,050,000 | |||||
Preferred stock dividends | (20,000) | |||||
Income available to common stockholders | 2,030,000 | 6,088,360 | $ 0.33 | |||
Effect of Dilutive Securities: | ||||||
Stock options | 280,607 | |||||
Diluted Earnings Per Share: | ||||||
Income available to common stockholders plus assumed conversions | $ 2,030,000 | 6,368,967 | $ 0.32 | |||
For the Six Months Ending June 30, 2007 | ||||||
Income | Shares | Per Share Amount | ||||
Basic Earnings Per Share: | ||||||
Net income | $ 2,683,000 | |||||
Preferred stock dividends | (40,000) | |||||
Income available to common stockholders | 2,643,000 | 6,195,175 | $ 0.43 | |||
Effect of Dilutive Securities: | ||||||
Stock options | 234,358 | |||||
Diluted Earnings Per Share: | ||||||
Income available to common stockholders plus assumed conversions | $ 2,643,000 | 6,429,533 | $ 0.41 | |||
For the Six Months Ending June 30, 2006 | ||||||
Income | Shares | Per Share Amount | ||||
Basic Earnings Per Share: | ||||||
Net income | $ 4,087,000 | |||||
Preferred stock dividends | (40,000) | |||||
Income available to common stockholders | 4,047,000 | 6,071,214 | $ 0.67 | |||
Effect of Dilutive Securities: | ||||||
Stock options | 284,199 | |||||
Diluted Earnings Per Share: | ||||||
Income available to common stockholders plus assumed conversions | $ 4,047,000 | 6,355,413 | $ 0.64 |