EX-11 3 ex11.txt
Exhibit 11. Pennsylvania Commerce Bancorp, Inc. Computation of Net Income Per Share ============================================================================================= For the Quarter Ended September 30, 2001 --------------------------------------------------------------------------------------------- Income Shares Per Share Amount --------------------------------------------------------------------------------------------- Basic Earnings Per Share: Net income $1,181,000 Preferred stock dividends (20,000) ---------- Income available to common stockholders 1,161,000 1,766,653 $0.66 --------------------------------------------------------------------------------------------- Effect of Dilutive Securities: Stock Options 189,845 --------- Diluted Earnings Per Share: Income available to common stockholders plus assumed conversions $1,161,000 1,956,498 $0.59 ============================================================================================= For the Nine Months Ended September 30, 2001 --------------------------------------------------------------------------------------------- Income Shares Per Share Amount --------------------------------------------------------------------------------------------- Basic Earnings Per Share: Net income $3,172,000 Preferred stock dividends (60,000) ---------- Income available to common stockholders 3,112,000 1,761,553 $1.77 --------------------------------------------------------------------------------------------- Effect of Dilutive Securities: Stock Options 184,334 --------- Diluted Earnings Per Share: Income available to common stockholders plus assumed conversions $3,112,000 1,945,887 $1.60 ============================================================================================= ============================================================================================= For the Quarter Ended September 30, 2000 --------------------------------------------------------------------------------------------- Income Shares Per Share Amount --------------------------------------------------------------------------------------------- Basic Earnings Per Share: Net income $1,014,000 Preferred stock dividends (20,000) ---------- Income available to common stockholders 994,000 1,735,657 $0.57 --------------------------------------------------------------------------------------------- Effect of Dilutive Securities: Stock Options 129,312 --------- Diluted Earnings Per Share: Income available to common stockholders plus assumed conversions $994,000 1,864,969 $0.53 --------------------------------------------------------------------------------------------- For the Nine Months Ended September 30, 2000 --------------------------------------------------------------------------------------------- Income Shares Per Share Amount --------------------------------------------------------------------------------------------- Basic Earnings Per Share: Net income $2,650,000 Preferred stock dividends (60,000) ---------- Income available to common stockholders 2,590,000 1,733,557 $1.49 --------------------------------------------------------------------------------------------- Effect of Dilutive Securities: Stock Options 118,401 --------- Diluted Earnings Per Share: Income available to common stockholders plus assumed conversions $2,590,000 1,851,958 $1.40 =============================================================================================
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