Exhibit 11. | Metro Bancorp, Inc. |
Computation of Net Income (Loss) Per Share |
For the Quarter Ended June 30, 2009 | ||||||||||||
Income | Shares | Per Share Amount | ||||||||||
Basic Loss Per Share: | ||||||||||||
Net loss | $ | (1,355,000 | ) | |||||||||
Preferred stock dividends | (20,000 | ) | ||||||||||
Income (loss) available to common stockholders | (1,375,000 | ) | 6,503,329 | $ | (0.21 | ) | ||||||
Effect of Dilutive Securities: | ||||||||||||
Stock options | - | |||||||||||
Diluted Earnings Per Share: | ||||||||||||
Income (loss) available to common stockholders plus assumed conversions | $ | (1,375,000 | ) | 6,503,329 | $ | ( 0.21 | ) | |||||
For the Quarter Ended 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 Six Months Ended June 30, 2009 | ||||||||||||
Income | Shares | Per Share Amount | ||||||||||
Basic Loss Per Share: | ||||||||||||
Net loss | $ | (518,000 | ) | |||||||||
Preferred stock dividends | (40,000 | ) | ||||||||||
Income (loss) available to common stockholders | (558,000 | ) | 6,484,051 | $ | (0.09 | ) | ||||||
Effect of Dilutive Securities: | ||||||||||||
Stock options | - | |||||||||||
Diluted Earnings Per Share: | ||||||||||||
Income (loss) available to common stockholders plus assumed conversions | $ | (558,000 | ) | 6,484,051 | $ | (0.09 | ) | |||||
For the Six Months Ended 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 |