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10-Q - METRO BANCORP, INC. FORM 10-Q - METRO BANCORP, INC.a2014q210q.htm
EX-31.1 - EXHIBIT 31.1 - METRO BANCORP, INC.exhibit31110-qcertificatio.htm
EX-32 - EXHIBIT 32 - METRO BANCORP, INC.exhibit3210-qcertification.htm
EXCEL - IDEA: XBRL DOCUMENT - METRO BANCORP, INC.Financial_Report.xls
EX-31.2 - EXHIBIT 31.2 - METRO BANCORP, INC.exhibit31210-qcertificatio.htm


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

 
For the Quarter Ended June 30, 2014
 
 
Income
 
Shares
 
Per Share
Amount
 
Basic Earnings Per Common Share:
 
 
 
 
 
 
Net income
$
5,081,000
 
 
 
 
 
 
Preferred stock dividends
(20,000
)
 
 
 
 
 
Income available to common stockholders
5,061,000
 
 
14,183,569

 
$
0.36

 
Effect of Dilutive Securities:
 
 
 
 
 
 
Stock options
 
 
203,698

 
 
 
Diluted Earnings Per Common Share:
 
 
 
 
 
 
Income available to common stockholders plus
  assumed conversions
$
5,061,000
 
 
14,387,267

 
$
0.35

 
For the Quarter Ended June 30, 2013
 
 
Income
 
Shares
 
Per Share
Amount
 
Basic Earnings Per Common Share:
 
 
 
 
 
 
Net income
$
4,048,000
 
 
 
 
 
 
Preferred stock dividends
(20,000
)
 
 
 
 
 
Income available to common stockholders
4,028,000
 
 
14,136,736

 
$
0.28

 
Effect of Dilutive Securities:
 
 
 
 
 
 
Stock options
 
 
119,268

 
 
 
Diluted Earnings Per Common Share:
 
 
 
 
 
 
Income available to common stockholders plus
  assumed conversions
$
4,028,000
 
 
14,256,004

 
$
0.28

 
For the Six Months Ended June 30, 2014
 
 
Income
 
Shares
 
Per Share
Amount
 
Basic Earnings Per Common Share:
 
 
 
 
 
 
Net income
$
10,025,000
 
 
 
 
 
 
Preferred stock dividends
(40,000
)
 
 
 
 
 
Income available to common stockholders
9,985,000
 
 
14,172,196

 
$
0.70

 
Effect of Dilutive Securities:
 
 
 
 
 
 
Stock options
 
 
193,781

 
 
 
Diluted Earnings Per Common Share:
 
 
 
 
 
 
Income available to common stockholders plus
  assumed conversions
$
9,985,000
 
 
14,365,977

 
$
0.70

 
For the Six Months Ended June 30, 2013
 
 
Income
 
Shares
 
Per Share
Amount
 
Basic Earnings Per Common Share:
 
 
 
 
 
 
Net income
$
7,693,000
 
 
 
 
 
 
Preferred stock dividends
(40,000
)
 
 
 
 
 
Income available to common stockholders
7,653,000
 
 
14,134,341

 
$
0.54

 
Effect of Dilutive Securities:
 
 
 
 
 
 
Stock options
 
 
75,009

 
 
 
Diluted Earnings Per Common Share:
 
 
 
 
 
 
Income available to common stockholders plus
  assumed conversions
$
7,653,000
 
 
14,209,350

 
$
0.54