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

 

For the Quarter Ending June 30, 2006
	Income			Shares		Per Share Amount
Basic Earnings Per Share:
Net income	$	2,050,000
Preferred stock dividends		(20,000	)
Income available to common stockholders		2,030,000			6,088,360	$	0.33
Effect of Dilutive Securities:
Stock options					280,607
Diluted Earnings Per Share:
Income available to common stockholders plus assumed conversions	$	2,030,000			6,368,967	$	0.32
For the Quarter Ending 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 Six Months Ending June 30, 2006
		Income			Shares		Per Share Amount
Basic Earnings Per Share:
Net income	$	4,087,000
Preferred stock dividends		(40,000	)
Income available to common stockholders		4,047,000			6,071,214	$	0.67
Effect of Dilutive Securities:
Stock options					284,199
Diluted Earnings Per Share:
Income available to common stockholders plus assumed conversions	$	4,047,000			6,355,413	$	0.64
For the Six Months Ending 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