Exhibit 11. | Metro Bancorp, Inc. |
Computation of Net Income (Loss) Per Share |
For the Quarter Ended June 30, 2010 | ||||||||||||
Income (Loss) | Shares | Per Share Amount | ||||||||||
Basic Earnings Per Share: | ||||||||||||
Net income | $ | 360,000 | ||||||||||
Preferred stock dividends | (20,000 | ) | ||||||||||
Income available to common stockholders | 340,000 | 13,508,765 | $ | 0.02 | ||||||||
Effect of Dilutive Securities: | ||||||||||||
Stock options | 5,102 | |||||||||||
Diluted Earnings Per Share: | ||||||||||||
Income available to common stockholders plus assumed conversions | $ | 340,000 | 13,513,867 | $ | 0.02 |
For the Quarter Ended June 30, 2009 | ||||||||||||
Income (Loss) | Shares | Per Share Amount | ||||||||||
Basic Loss Per Share: | ||||||||||||
Net loss | $ | (1,355,000 | ) | |||||||||
Preferred stock dividends | (20,000 | ) | ||||||||||
Loss available to common stockholders | (1,375,000 | ) | 6,503,329 | $ | (0.21 | ) | ||||||
Effect of Dilutive Securities: | ||||||||||||
Stock options | - | |||||||||||
Diluted Loss Per Share: | ||||||||||||
Loss available to common stockholders plus assumed conversions | $ | (1,375,000 | ) | 6,503,329 | $ | (0.21 | ) |
For the Six Months Ended June 30, 2010 | ||||||||||||
Income (Loss) | Shares | Per Share Amount | ||||||||||
Basic Earnings Per Share: | ||||||||||||
Net income | $ | 366,000 | ||||||||||
Preferred stock dividends | (40,000 | ) | ||||||||||
Income available to common stockholders | 326,000 | 13,489,070 | $ | 0.02 | ||||||||
Effect of Dilutive Securities: | ||||||||||||
Stock options | 4,846 | |||||||||||
Diluted Earnings Per Share: | ||||||||||||
Income available to common stockholders plus assumed conversions | $ | 326,000 | 13,493,916 | $ | 0.02 |
For the Six Months Ended June 30, 2009 | ||||||||||||
Income (Loss) | Shares | Per Share Amount | ||||||||||
Basic Loss Per Share: | ||||||||||||
Net loss | $ | (518,000 | ) | |||||||||
Preferred stock dividends | (40,000 | ) | ||||||||||
Loss available to common stockholders | (558,000 | ) | 6,484,051 | $ | (0.09 | ) | ||||||
Effect of Dilutive Securities: | ||||||||||||
Stock options | - | |||||||||||
Diluted Loss Per Share: | ||||||||||||
Loss available to common stockholders plus assumed conversions | $ | (558,000 | ) | 6,484,051 | $ | (0.09 | ) |