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Exhibit 11. | Metro Bancorp, Inc. |
Computation of Net Income Per Common Share |
For the Quarter Ended March 31, 2012 | ||||||||||||
Income | Shares | Per Share Amount | ||||||||||
Basic Earnings Per Common Share: | ||||||||||||
Net income | $ | 2,684,000 | ||||||||||
Preferred stock dividends | (20,000 | ) | ||||||||||
Income available to common stockholders | 2,664,000 | 14,126,100 | $ | 0.19 | ||||||||
Effect of Dilutive Securities: | ||||||||||||
Stock options | — | |||||||||||
Diluted Earnings Per Common Share: | ||||||||||||
Income available to common stockholders plus assumed conversions | $ | 2,664,000 | 14,126,100 | $ | 0.19 | |||||||
For the Quarter Ended March 31, 2011 | ||||||||||||
Income | Shares | Per Share Amount | ||||||||||
Basic Earnings Per Common Share: | ||||||||||||
Net income | $ | 1,532,000 | ||||||||||
Preferred stock dividends | (20,000 | ) | ||||||||||
Income available to common stockholders | 1,512,000 | 13,778,580 | $ | 0.11 | ||||||||
Effect of Dilutive Securities: | ||||||||||||
Stock options | 7 | |||||||||||
Diluted Earnings Per Common Share: | ||||||||||||
Income available to common stockholders plus assumed conversions | $ | 1,512,000 | 13,778,587 | $ | 0.11 |