Exhibit 11. | Metro Bancorp, Inc. |
For the Quarter Ended September 30, 2009 | ||||||||||||
Loss | Shares | Per Share Amount | ||||||||||
Basic Loss Per Share: | ||||||||||||
Net loss | $ | (490,000 | ) | |||||||||
Preferred stock dividends | (20,000 | ) | ||||||||||
Loss available to common stockholders | (510,000 | ) | 6,591,363 | $ | (0.08 | ) | ||||||
Effect of Dilutive Securities: | ||||||||||||
Stock options | - | |||||||||||
Diluted Loss Per Share: | ||||||||||||
Loss available to common stockholders plus assumed conversions | $ | (510,000 | ) | 6,591,363 | $ | ( 0.08 | ) |
For the Quarter Ended September 30, 2008 | ||||||||||||
Income | Shares | Per Share Amount | ||||||||||
Basic Earnings Per Share: | ||||||||||||
Net income | $ | 3,433,000 | ||||||||||
Preferred stock dividends | (20,000 | ) | ||||||||||
Income available to common stockholders | 3,413,000 | 6,358,412 | $ | 0.54 | ||||||||
Effect of Dilutive Securities: | ||||||||||||
Stock options | 172,830 | |||||||||||
Diluted Earnings Per Share: | ||||||||||||
Income available to common stockholders plus assumed conversions | $ | 3,413,000 | 6,531,242 | $ | 0.52 |
For the Nine Months Ended September 30, 2009 | ||||||||||||
Loss | Shares | Per Share Amount | ||||||||||
Basic Loss Per Share: | ||||||||||||
Net loss | $ | (1,008,000 | ) | |||||||||
Preferred stock dividends | (60,000 | ) | ||||||||||
Loss available to common stockholders | (1,068,000 | ) | 6,520,215 | $ | (0.16 | ) | ||||||
Effect of Dilutive Securities: | ||||||||||||
Stock options | - | |||||||||||
Diluted Loss Per Share: | ||||||||||||
Loss available to common stockholders plus assumed conversions | $ | (1,068,000 | ) | 6,520,215 | $ | (0.16 | ) | |||||
For the Nine Months Ended September 30, 2008 | ||||||||||||
Income | Shares | Per Share Amount | ||||||||||
Basic Earnings Per Share: | ||||||||||||
Net income | $ | 10,145,000 | ||||||||||
Preferred stock dividends | (60,000 | ) | ||||||||||
Income available to common stockholders | 10,085,000 | 6,342,124 | $ | 1.59 | ||||||||
Effect of Dilutive Securities: | ||||||||||||
Stock options | 168,381 | |||||||||||
Diluted Earnings Per Share: | ||||||||||||
Income available to common stockholders plus assumed conversions | $ | 10,085,000 | 6,510,505 | $ | 1.55 |