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

For the Quarter Ended June 30, 2005
	Income			Shares		Per Share
						Amount
Basic Earnings Per Share:
Net income	$	2,555,000
Preferred stock dividends		(20,000	)
Income available to common stockholders		2,535,000			5,939,536	$	0.43
Effect of Dilutive Securities:
Stock Options					411,756
Diluted Earnings Per Share:
Income available to common stockholders plus assumed conversions	$	2,535,000			6,351,292	$	0.40
For the Quarter Ended June 30, 2004
		Income			Shares		Per Share
							Amount
Basic Earnings Per Share:
Net income	$	2,181,000
Preferred stock dividends		(20,000	)
Income available to common stockholders		2,161,000			4,626,914	$	0.47
Effect of Dilutive Securities:
Stock Options					416,673
Diluted Earnings Per Share:
Income available to common stockholders plus assumed conversions	$	2,161,000			5,043,587	$	0.43
For the Six Months Ended June 30, 2005
		Income			Shares		Per Share
							Amount
Basic Earnings Per Share:
Net income	$	5,016,000
Preferred stock dividends		(40,000	)
Income available to common stockholders		4,976,000			5,921,037	$	0.84
Effect of Dilutive Securities:
Stock Options					409,264
Diluted Earnings Per Share:
Income available to common stockholders plus assumed conversions	$	4,976,000			6,330,301	$	0.79
For the Six Months Ended June 30, 2004
		Income			Shares		Per Share
							Amount
Basic Earnings Per Share:
Net income	$	4,109,000
Preferred stock dividends		(40,000	)
Income available to common stockholders		4,069,000			4,615,015	$	0.88
Effect of Dilutive Securities:
Stock Options					418,911
Diluted Earnings Per Share:
Income available to common stockholders plus assumed conversions	$	4,069,000			5,033,926	$	0.81