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

For the Quarter Ending June 30, 2008
	Income			Shares		Per Share Amount
Basic Earnings Per Share:
Net income	$	3,506,000
Preferred stock dividends		(20,000	)
Income available to common stockholders		3,486,000			6,341,116	$	0.55
Effect of Dilutive Securities:
Stock options					163,075
Diluted Earnings Per Share:
Income available to common stockholders plus assumed conversions	$	3,486,000			6,504,191	$	0.54
For the Quarter Ending June 30, 2007
	Income			Shares		Per Share Amount
Basic Earnings Per Share:
Net income	$	1,571,000
Preferred stock dividends		(20,000	)
Income available to common stockholders		1,551,000			6,222,947	$	0.25
Effect of Dilutive Securities:
Stock options					235,532
Diluted Earnings Per Share:
Income available to common stockholders plus assumed conversions	$	1,551,000			6,458,479	$	0.24
For the Six Months Ending June 30, 2008
	Income			Shares		Per Share Amount
Basic Earnings Per Share:
Net income	$	6,712,000
Preferred stock dividends		(40,000	)
Income available to common stockholders		6,672,000			6,333,891	$	1.05
Effect of Dilutive Securities:
Stock options					164,847
Diluted Earnings Per Share:
Income available to common stockholders plus assumed conversions	$	6,672,000			6,498,738	$	1.03
For the Six Months Ending June 30, 2007
	Income			Shares		Per Share Amount
Basic Earnings Per Share:
Net income	$	2,683,000
Preferred stock dividends		(40,000	)
Income available to common stockholders		2,643,000			6,195,175	$	0.43
Effect of Dilutive Securities:
Stock options					234,358
Diluted Earnings Per Share:
Income available to common stockholders plus assumed conversions	$	2,643,000			6,429,533	$	0.41