EX-11 2 0002.txt Exhibit 11. Pennsylvania Commerce Bancorp, Inc. Computation of Net Income Per Share
-------------------------------------------------------------------------------------------------- For the Quarter Ended September 30, 2000 -------------------------------------------------------------------------------------------------- Income Shares Per Share (Numerator) (Denominator) Amount -------------------------------------------------------------------------------------------------- Basic Earnings Per Share Net income $1,014,000 Preferred stock dividends (20,000) -------- Income available to common stockholders 994,000 1,653,007 $0.60 -------------------------------------------------------------------------------------------------- Effect of Dilutive Securities Stock Options 123,154 ------- Diluted Earnings Per Share Income available to common stockholders plus assumed conversions $994,000 1,776,161 $0.56 ================================================================================================== For the Nine Months Ended September 30, 2000 -------------------------------------------------------------------------------------------------- Income Shares Per Share (Numerator) (Denominator) Amount -------------------------------------------------------------------------------------------------- Basic Earnings Per Share Net income $2,650,000 Preferred stock dividends (60,000) -------- Income available to common stockholders 2,590,000 1,651,007 $1.57 ----------------------------------------------------------------------------------------------- Effect of Dilutive Securities Stock Options 112,763 ------- Diluted Earnings Per Share Income available to common stockholders plus assumed conversions $2,590,000 1,763,770 $1.47 ================================================================================================== For the Quarter Ended September 30, 1999 -------------------------------------------------------------------------------------------------- Income Shares Per Share (Numerator) (Denominator) Amount -------------------------------------------------------------------------------------------------- Basic Earnings Per Share Net income $923,000 Preferred stock dividends (20,000) -------- Income available to common stockholders 903,000 1,638,247 $0.55 -------------------------------------------------------------------------------------------------- Effect of Dilutive Securities Stock Options 107,683 ------- Diluted Earnings Per Share Income available to common stockholders plus assumed conversions $903,000 1,745,930 $0.51 ================================================================================================== For the Nine Months Ended September 30, 1999 --------------------------------------------------------------------------------------------------- Income Shares Per Share (Numerator) (Denominator) Amount --------------------------------------------------------------------------------------------------- Basic Earnings Per Share Net income $2,168,000 Preferred stock dividends (60,000) -------- Income available to common stockholders 2,108,000 1,637,082 $1.29 -------------------------------------------------------------------------------------------------- Effect of Dilutive Securities Stock Options 125,062 ------- Diluted Earnings Per Share Income available to common stockholders plus assumed conversions $2,108,000 1,762,144 $1.20 ==================================================================================================