Exhibit 11. Pennsylvania Commerce Bancorp, Inc.
Computation of Net Income Per Share
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For the Quarter Ended September 30, 2000
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Income Shares Per Share
(Numerator) (Denominator) Amount
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<S> <C> <C> <C>
Basic Earnings Per Share
Net income $1,014,000
Preferred stock dividends (20,000)
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Income available to common stockholders 994,000 1,653,007 $0.60
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Effect of Dilutive Securities
Stock Options 123,154
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Diluted Earnings Per Share
Income available to common stockholders plus
assumed conversions $994,000 1,776,161 $0.56
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For the Nine Months Ended September 30, 2000
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Income Shares Per Share
(Numerator) (Denominator) Amount
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Basic Earnings Per Share
Net income $2,650,000
Preferred stock dividends (60,000)
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Income available to common stockholders 2,590,000 1,651,007 $1.57
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Effect of Dilutive Securities
Stock Options 112,763
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Diluted Earnings Per Share
Income available to common stockholders plus
assumed conversions $2,590,000 1,763,770 $1.47
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For the Quarter Ended September 30, 1999
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Income Shares Per Share
(Numerator) (Denominator) Amount
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Basic Earnings Per Share
Net income $923,000
Preferred stock dividends (20,000)
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Income available to common stockholders 903,000 1,638,247 $0.55
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Effect of Dilutive Securities
Stock Options 107,683
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Diluted Earnings Per Share
Income available to common stockholders plus
assumed conversions $903,000 1,745,930 $0.51
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For the Nine Months Ended September 30, 1999
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Income Shares Per Share
(Numerator) (Denominator) Amount
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Basic Earnings Per Share
Net income $2,168,000
Preferred stock dividends (60,000)
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Income available to common stockholders 2,108,000 1,637,082 $1.29
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Effect of Dilutive Securities
Stock Options 125,062
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Diluted Earnings Per Share
Income available to common stockholders plus
assumed conversions $2,108,000 1,762,144 $1.20
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