EX-11 3 exhibit-11.txt
Exhibit 11. Pennsylvania Commerce Bancorp, Inc. Computation of Net Income Per Share --------------------------------------------------------------------------------------------------- For the Quarter Ended March 31, 2002 --------------------------------------------------------------------------------------------------- Income Shares Per Share Amount --------------------------------------------------------------------------------------------------- Basic Earnings Per Share: Net income $1,290,000 Preferred stock dividends (20,000) -------- Income available to common stockholders 1,270,000 1,890,959 $0.67 --------------------------------------------------------------------------------------------------- Effect of Dilutive Securities: Stock Options 228,784 ------- Diluted Earnings Per Share: Income available to common stockholders plus assumed conversions $1,270,000 2,119,743 $0.60 --------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------- For the Quarter Ended March 31, 2001 --------------------------------------------------------------------------------------------------- Income Shares Per Share Amount --------------------------------------------------------------------------------------------------- Basic Earnings Per Share: Net income $923,000 Preferred stock dividends (20,000) -------- Income available to common stockholders 903,000 1,844,182 $0.49 --------------------------------------------------------------------------------------------------- Effect of Dilutive Securities: Stock Options 187,722 ------- Diluted Earnings Per Share: Income available to common stockholders plus assumed conversions $903,000 2,031,904 $0.45 ---------------------------------------------------------------------------------------------------