Exhibit 11. | Pennsylvania Commerce Bancorp, Inc. |
Computation of Net Income Per Share |
For the Quarter Ending September 30, 2007 | ||||||
Income | Shares | Per Share Amount | ||||
Basic Earnings Per Share: | ||||||
Net income | $ 1,851,000 | |||||
Preferred stock dividends | (20,000) | |||||
Income available to common stockholders | 1,831,000 | 6,258,593 | $ 0.29 | |||
Effect of Dilutive Securities: | ||||||
Stock options | 210,061 | |||||
Diluted Earnings Per Share: | ||||||
Income available to common stockholders plus assumed conversions | $ 1,831,000 | 6,468,654 | $ 0.28 | |||
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 Nine Months Ending September 30, 2007 | ||||||
Income | Shares | Per Share Amount | ||||
Basic Earnings Per Share: | ||||||
Net income | $ 4,534,000 | |||||
Preferred stock dividends | (60,000) | |||||
Income available to common stockholders | 4,474,000 | 6,216,547 | $ 0.72 | |||
Effect of Dilutive Securities: | ||||||
Stock options | 226,199 | |||||
Diluted Earnings Per Share: | ||||||
Income available to common stockholders plus assumed conversions | $ 4,474,000 | 6,442,746 | $ 0.69 | |||
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 |