EX-11 2 ex11.htm EXHIBIT 11 Exhibit 11

Exhibit 11.
Pennsylvania Commerce Bancorp, Inc.
Computation of Net Income Per Share

 
 
For the Quarter Ended March 31, 2005
 
Income
Shares
Per Share
     
Amount
Basic Earnings Per Share:
      
Net income
$2,461,000
    
Preferred stock dividends
(20,000)
    
Income available to common stockholders
2,441,000
5,902,331
$0.41
Effect of Dilutive Securities:
      
Stock Options
  
416,852
  
Diluted Earnings Per Share:
      
Income available to common stockholders plus assumed conversions
$2,441,000
6,319,183
$0.39
For the Quarter Ended March 31, 2004
 
Income
Shares
Per Share
     
Amount
Basic Earnings Per Share:
      
Net income
$1,928,000
    
Preferred stock dividends
(20,000)
    
Income available to common stockholders
1,908,000
4,603,116
$0.41
Effect of Dilutive Securities:
      
Stock Options
  
433,270
  
Diluted Earnings Per Share:
      
Income available to common stockholders plus assumed conversions
$1,908,000
5,036,386
$0.38