Attached files

file filename
10-Q - METRO BANCORP, INC. FORM 10-Q - METRO BANCORP, INC.a2011q210q.htm
EX-32 - EXHIBIT 32 - METRO BANCORP, INC.exhibit32certificationofco.htm
EX-31.1 - EXHIBIT 31.1 - METRO BANCORP, INC.exhibit311certificationofc.htm
EX-31.2 - EXHIBIT 31.2 - METRO BANCORP, INC.exhibit312certificationofc.htm


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

 
For the Quarter Ended June 30, 2011
 
 
Income
 
Shares
 
Per Share
Amount
 
Basic Earnings Per Share:
 
 
 
 
 
 
Net income
$
1,992,000
 
 
 
 
 
 
Preferred stock dividends
(20,000
)
 
 
 
 
 
Income available to common stockholders
1,972,000
 
 
13,860,285

 
$
0.14

 
Effect of Dilutive Securities:
 
 
 
 
 
 
Stock options
 
 

 
 
 
Diluted Earnings Per Share:
 
 
 
 
 
 
Income available to common stockholders plus
  assumed conversions
$
1,972,000
 
 
13,860,285

 
$
0.14

 
For the Quarter Ended June 30, 2010
 
 
Income
 
Shares
 
Per Share
Amount
 
Basic Earnings Per Share:
 
 
 
 
 
 
Net income
$
360,000
 
 
 
 
 
 
Preferred stock dividends
(20,000
)
 
 
 
 
 
Income available to common stockholders
340,000
 
 
13,508,765

 
$
0.02

 
Effect of Dilutive Securities:
 
 
 
 
 
 
Stock options
 
 
5,102

 
 
 
Diluted Earnings Per Share:
 
 
 
 
 
 
Income available to common stockholders plus
  assumed conversions
$
340,000
 
 
13,513,867

 
$
0.02

 
For the Six Months Ended June 30, 2011
 
 
Income
 
Shares
 
Per Share
Amount
 
Basic Earnings Per Share:
 
 
 
 
 
 
Net income
$
3,524,000
 
 
 
 
 
 
Preferred stock dividends
(40,000
)
 
 
 
 
 
Income available to common stockholders
3,484,000
 
 
13,819,658

 
$
0.25

 
Effect of Dilutive Securities:
 
 
 
 
 
 
Stock options
 
 

 
 
 
Diluted Earnings Per Share:
 
 
 
 
 
 
Income available to common stockholders plus
  assumed conversions
$
3,484,000
 
 
13,819,658

 
$
0.25

 
For the Six Months Ended June 30, 2010
 
 
Income
 
Shares
 
Per Share
Amount
 
Basic Earnings Per Share:
 
 
 
 
 
 
Net income
$
366,000
 
 
 
 
 
 
Preferred stock dividends
(40,000
)
 
 
 
 
 
Loss available to common stockholders
326,000
 
 
13,489,070

 
$
0.02

 
Effect of Dilutive Securities:
 
 
 
 
 
 
Stock options
 
 
4,846

 
 
 
Diluted Earnings Per Share:
 
 
 
 
 
 
Income available to common stockholders plus
  assumed conversions
$
326,000
 
 
13,493,916

 
$
0.02