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Exhibit 11. | Pennsylvania Commerce Bancorp, Inc. |
Computation of Net Income Per Share |
For the Quarter Ended March 31, 2009 | ||||||
Income | Shares | Per Share Amount | ||||
Basic Earnings Per Share: | ||||||
Net income | $ 836,522 | |||||
Preferred stock dividends | (20,000) | |||||
Income available to common stockholders | 816,522 | 6,464,559 | $ 0.13 | |||
Effect of Dilutive Securities: | ||||||
Stock options | 53,105 | |||||
Diluted Earnings Per Share: | ||||||
Income available to common stockholders plus assumed conversions | $ 816,522 | 6,517,664 | $ 0.13 | |||
For the Quarter Ended March 31, 2008 | ||||||
Income | Shares | Per Share Amount | ||||
Basic Earnings Per Share: | ||||||
Net income | $ 3,206,000 | |||||
Preferred stock dividends | (20,000) | |||||
Income available to common stockholders | 3,186,000 | 6,326,666 | $ 0.50 | |||
Effect of Dilutive Securities: | ||||||
Stock options | 168,440 | |||||
Diluted Earnings Per Share: | ||||||
Income available to common stockholders plus assumed conversions | $ 3,186,000 | 6,495,106 | $ 0.49 |