Exhibit 11.
Pennsylvania Commerce Bancorp, Inc.
Consolidated Computation of Net Income Per Share
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For the Quarter Ended September 30, 1999
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Income Shares Per Share
(Numerator) (Denominator) Amount
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Basic Earnings Per Share
Net income $923,000
Preferred stock dividends (20,000)
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Income available to common stockholders 903,000 1,560,235 $0.58
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Effect of Dilutive Securities
Stock Options 102,555
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Diluted Earnings Per Share
Income available to common stockholders plus
assumed conversions $903,000 1,662,790 $0.54
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For the Nine Months Ended September 30, 1999
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Income Shares Per Share
(Numerator) (Denominator) Amount
Basic Earnings Per Share
Net income $2,168,000
Preferred stock dividends (60,000)
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Income available to common stockholders 2,108,000 1,559,125 $1.35
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Effect of Dilutive Securities
Stock Options 119,107
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Diluted Earnings Per Share
Income available to common stockholders plus
assumed conversions $2,108,000 1,678,232 $1.26
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For the Quarter Ended September 30, 1998
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Income Shares Per Share
(Numerator) (Denominator) Amount
Basic Earnings Per Share
Net income $492,000
Preferred stock dividends (20,000)
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Income available to common stockholders 472,000 1,555,698 $0.30
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Effect of Dilutive Securities
Stock Options 139,157
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Diluted Earnings Per Share
Income available to common stockholders plus
assumed conversions $472,000 1,694,855 $0.28
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For the Nine Months Ended September 30, 1998
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Income Shares Per Share
(Numerator) (Denominator) Amount
Basic Earnings Per Share
Net income $1,565,000
Preferred stock dividends (60,000)
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Income available to common stockholders 1,505,000 1,553,399 $0.97
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Effect of Dilutive Securities
Stock Options 129,237
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Diluted Earnings Per Share
Income available to common stockholders plus
assumed conversions $1,505,000 1,682,636 $0.90
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