EX-11 2 ex11.htm EXHIBIT 11 Exhibit 11

Exhibit 11.
Pennsylvania Commerce Bancorp, Inc.
 
Computation of Net Income Per Share
   
For the Quarter Ending March 31, 2007
  
   
Income
  
Shares
  
Per Share
Amount
  
Basic Earnings Per Share:
                    
Net income
  
$
1,112,000
              
Preferred stock dividends
    
(20,000
)
            
Income available to common stockholders
    
1,092,000
    
6,167,095
  
$
0.18
  
Effect of Dilutive Securities:
                    
Stock options
          
240,717
        
Diluted Earnings Per Share:
                    
Income available to common stockholders plus assumed conversions
  
$
1,092,000
    
6,407,812
  
$
0.17
  
For the Quarter Ending March 31, 2006
 
    
Income
 
 
Shares
 
 
Per Share
Amount
  
Basic Earnings Per Share:
                    
Net income
  
$
2,037,000
              
Preferred stock dividends
    
(20,000
)
            
Income available to common stockholders
    
2,017,000
    
6,053,878
  
$
0.33
  
Effect of Dilutive Securities:
                    
Stock options
          
321,984
        
Diluted Earnings Per Share:
                    
Income available to common stockholders plus assumed conversions
  
$
2,017,000
    
6,375,862
  
$
0.32