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

For the Quarter Ending September 30, 2008
	Income			Shares		Per Share Amount
Basic Earnings Per Share:
Net income	$	3,433,000
Preferred stock dividends		(20,000	)
Income available to common stockholders		3,413,000			6,358,412	$	0.54
Effect of Dilutive Securities:
Stock options					172,830
Diluted Earnings Per Share:
Income available to common stockholders plus assumed conversions	$	3,413,000			6,531,242	$	0.52
For the Quarter Ending September 30, 2007
	Income			Shares		Per Share Amount
Basic Earnings Per Share:
Net income	$	1,851,000
Preferred stock dividends		(20,000	)
Income available to common stockholders		1,831,000			6,258,593	$	0.29
Effect of Dilutive Securities:
Stock options					210,061
Diluted Earnings Per Share:
Income available to common stockholders plus assumed conversions	$	1,831,000			6,468,654	$	0.28
For the Nine Months Ending September 30, 2008
	Income			Shares		Per Share Amount
Basic Earnings Per Share:
Net income	$	10,145,000
Preferred stock dividends		(60,000	)
Income available to common stockholders		10,085,000			6,342,124	$	1.59
Effect of Dilutive Securities:
Stock options					168,381
Diluted Earnings Per Share:
Income available to common stockholders plus assumed conversions	$	10,085,000			6,510,505	$	1.55
For the Nine Months Ending September 30, 2007
	Income			Shares		Per Share Amount
Basic Earnings Per Share:
Net income	$	4,534,000
Preferred stock dividends		(60,000	)
Income available to common stockholders		4,474,000			6,216,547	$	0.72
Effect of Dilutive Securities:
Stock options					226,199
Diluted Earnings Per Share:
Income available to common stockholders plus assumed conversions	$	4,474,000			6,442,746	$	0.69