Exhibit 11



Pacifica Bancorp, Inc.

Computation of Earnings Per Share



|                                                                                 |  |                          |           |      |   |           |  
|-------------------------------------------------------------------------------- |  | ------------------------ | --------- | ---- | - | --------- | -
|                                                                                 |  | Years Ended December 31, |          
|                                                                                 |  | 2004                     |           | 2003 |  
|Net income                                                                       |  | $                        | 3,085,000 |      | $ | 1,209,000 |  
|Less accrued perpetual preferred stock dividends                                 |  |                          |          |      |   | (31,000   | )
|                                                                                 |  |                          |           |      |   |           |  
|Net income available to common shareholders                                      |  | $                        | 3,085,000 |      | $ | 1,178,000 |  
|                                                                                 |  |                          |           |      |   |           |  
|Computation of average shares outstanding                                        |  |                          |           |      |   |           |  
|Shares outstanding at beginning of the period                                    |  |                          | 3,233,008 |      |   | 3,260,368 |  
|Additional shares deemed outstanding because of stock dividends                  |  |                          | 162,927   |      |   | 164,300   |  
|Additional shares deemed outstanding because of stock splits                     |  |                          |          |      |   |          |  
|Common stock repurchased                                                         |  |                          |          |      |   | (36,078   | )
|Shares issued during the period times average time outstanding during the period |  |                          | 15,346    |      |   | 34,796    |  
|                                                                                 |  |                          |           |      |   |           |  
|Average basic shares outstanding                                                 |  |                          | 3,411,281 |      |   | 3,423,386 |  
|Dilutive shares                                                                  |  |                          | 154,008   |      |   | 61,853    |  
|                                                                                 |  |                          |           |      |   |           |  
|Average diluted shares outstanding                                               |  |                          | 3,565,289 |      |   | 3,485,239 |  
|                                                                                 |  |                          |           |      |   |           |  
|Net income per share of common stock:                                            |  |                          |           |      |   |           |  
|Basic:                                                                           |  |                          |           |      |   |           |  
|Continuing operations                                                            |  | $                        | 0.90      |      | $ | 0.39      |  
|Discontinued operations                                                          |  |                          |          |      |   | (0.05     | )
|                                                                                 |  |                          |           |      |   |           |  
|Total                                                                            |  | $                        | 0.90      |      | $ | 0.34      |  
|                                                                                 |  |                          |           |      |   |           |  
|Diluted:                                                                         |  |                          |           |      |   |           |  
|Continuing operations                                                            |  | $                        | 0.87      |      | $ | 0.38      |  
|Discontinued operations                                                          |  |                          |          |      |   | (0.05     | )
|                                                                                 |  |                          |           |      |   |           |  
|Total                                                                            |  | $                        | 0.87      |      | $ | 0.34      |  
|                                                                                 |  |                          |           |      |   |           |