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Exhibit 11. Pennsylvania Commerce Bancorp, Inc.
Computation of Net Income Per Share
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For the Quarter Ended June 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 $863,000
Preferred stock dividends (20,000)
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Income available to common stockholders 843,000 1,651,364 $0.51
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Effect of Dilutive Securities
Stock Options 113,175
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Diluted Earnings Per Share
Income available to common stockholders plus
assumed conversions $843,000 1,764,539 $0.48
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For the Six Months Ended June 30, 2000
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Income Shares Per Share
(Numerator) (Denominator) Amount
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Basic Earnings Per Share
Net income $1,636,000
Preferred stock dividends (40,000)
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Income available to common stockholders 1,596,000 1,650,068 $0.97
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Effect of Dilutive Securities
Stock Options 107,625
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Diluted Earnings Per Share
Income available to common stockholders plus
assumed conversions $1,596,000 1,757,693 $0.91
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For the Quarter Ended June 30, 1999
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Income Shares Per Share
(Numerator) (Denominator) Amount
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Basic Earnings Per Share
Net income $636,000
Preferred stock dividends (20,000)
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Income available to common stockholders 616,000 1,637,722 $0.37
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Effect of Dilutive Securities
Stock Options 128,927
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Diluted Earnings Per Share
Income available to common stockholders plus
assumed conversions $616,000 1,766,649 $0.35
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For the Six Months Ended June 30, 1999
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Income Shares Per Share
(Numerator) (Denominator) Amount
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Basic Earnings Per Share
Net income $1,245,000
Preferred stock dividends (40,000)
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Income available to common stockholders 1,205,000 1,636,490 $0.74
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Effect of Dilutive Securities
Stock Options 131,725
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Diluted Earnings Per Share
Income available to common stockholders plus
assumed conversions $1,205,000 1,768,215 $0.68
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