Exhibit 11. | Pennsylvania Commerce Bancorp, Inc. |
Computation of Net Income Per Share |
For the Quarter Ending June 30, 2008 | ||||||||||||
Income | Shares | Per Share Amount | ||||||||||
Basic Earnings Per Share: | ||||||||||||
Net income | $ | 3,506,000 | ||||||||||
Preferred stock dividends | (20,000 | ) | ||||||||||
Income available to common stockholders | 3,486,000 | 6,341,116 | $ | 0.55 | ||||||||
Effect of Dilutive Securities: | ||||||||||||
Stock options | 163,075 | |||||||||||
Diluted Earnings Per Share: | ||||||||||||
Income available to common stockholders plus assumed conversions | $ | 3,486,000 | 6,504,191 | $ | 0.54 | |||||||
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 Six Months Ending June 30, 2008 | ||||||||||||
Income | Shares | Per Share Amount | ||||||||||
Basic Earnings Per Share: | ||||||||||||
Net income | $ | 6,712,000 | ||||||||||
Preferred stock dividends | (40,000 | ) | ||||||||||
Income available to common stockholders | 6,672,000 | 6,333,891 | $ | 1.05 | ||||||||
Effect of Dilutive Securities: | ||||||||||||
Stock options | 164,847 | |||||||||||
Diluted Earnings Per Share: | ||||||||||||
Income available to common stockholders plus assumed conversions | $ | 6,672,000 | 6,498,738 | $ | 1.03 | |||||||
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 |