Exhibit 11.
Pennsylvania Commerce Bancorp, Inc.
Computation of Net Income Per Share
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For the Quarter Ended June 30, 2002
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Income Shares Per Share
Amount
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Basic Earnings Per Share:
Net income $1,347,000
Preferred stock dividends (20,000)
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Income available to common stockholders 1,327,000 1,965,053 $0.68
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Effect of Dilutive Securities:
Stock Options 218,447
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Diluted Earnings Per Share:
Income available to common stockholders plus
assumed conversions $1,327,000 2,183,500 $0.61
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For the Six Months Ended June 30, 2002
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Income Shares Per Share
Amount
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Basic Earnings Per Share:
Net income $2,637,000
Preferred stock dividends (40,000)
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Income available to common stockholders 2,597,000 1,928,211 $1.35
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Effect of Dilutive Securities:
Stock Options 202,120
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Diluted Earnings Per Share:
Income available to common stockholders plus
assumed conversions $2,597,000 2,130,331 $1.21
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For the Quarter Ended June 30, 2001
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Income Shares Per Share
Amount
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Basic Earnings Per Share:
Net income $1,068,000
Preferred stock dividends (20,000)
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Income available to common stockholders 1,048,000 1,849,605 $0.56
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Effect of Dilutive Securities:
Stock Options 200,010
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Diluted Earnings Per Share:
Income available to common stockholders plus
assumed conversions $1,048,000 2,049,615 $0.51
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For the Six Months Ended June 30, 2001
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Income Shares Per Share
Amount
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Basic Earnings Per Share:
Net income $1,991,000
Preferred stock dividends (40,000)
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Income available to common stockholders 1,951,000 1,846,909 $1.05
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Effect of Dilutive Securities:
Stock Options 192,948
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Diluted Earnings Per Share:
Income available to common stockholders plus
assumed conversions $1,951,000 2,039,857 $0.96
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