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Exhibit 11. | Metro Bancorp, Inc. |
Computation of Net Income Per Share |
For the Quarter Ended March 31, 2011 | ||||||||||||
Income | Shares | Per Share Amount | ||||||||||
Basic Earnings Per 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 Share: | ||||||||||||
Income available to common stockholders plus assumed conversions | $ | 1,512,000 | 13,778,587 | $ | 0.11 | |||||||
For the Quarter Ended March 31, 2010 | ||||||||||||
Loss | Shares | Per Share Amount | ||||||||||
Basic Loss Per Share: | ||||||||||||
Net income | $ | 6,000 | ||||||||||
Preferred stock dividends | (20,000 | ) | ||||||||||
Loss available to common stockholders | (14,000 | ) | 13,469,157 | $ 0.00 | ||||||||
Effect of Dilutive Securities: | ||||||||||||
Stock options | — | |||||||||||
Diluted Loss Per Share: | ||||||||||||
Loss available to common stockholders plus assumed conversions | $ | (14,000 | ) | 13,469,157 | $ 0.00 | |||||||