EXHIBIT 11



PACIFICA BANCORP, INC.

COMPUTATION OF PER SHARE EARNINGS



|                                                                                 |  |                             |            |   |      |   |           |  
|-------------------------------------------------------------------------------- |  | --------------------------- | ---------- | - | ---- | - | --------- | -
|                                                                                 |  | For Year Ended December 31, |           
|                                                                                 |  | 2003                        |            |   | 2002 |  
|Net income (loss)                                                                |  | $                           | 1,209,000  |   |      | $ | 108,000   |  
|Less accrued preferred stock dividends                                           |  |                             | (31,000    | ) |      |   | (14,000   | )
|                                                                                 |  |                             |            |   |      |   |           |  
|Net income (loss) available to common shareholders                               |  | $                           | 1,178,000  |   |      | $ | 94,000    |  
|Computation of average shares outstanding                                        |  |                             |            |   |      |   |           |  
|Shares outstanding at beginning of the period                                    |  |                             | 3,260,368  |   |      |   | 3,260,368 |  
|Additional shares deemed outstanding because of stock dividends                  |  |                             |           |   |      |   |          |  
|Additional shares deemed outstanding because of stock splits                     |  |                             |           |   |      |   |          |  
|Common stock repurchased                                                         |  |                             | (34,360.00 | ) |      |   |          |  
|Shares issued during the period times average time outstanding during the period |  |                             | 33,139.00  |   |      |   |          |  
|                                                                                 |  |                             |            |   |      |   |           |  
|Average basic shares outstanding                                                 |  |                             | 3,259,147  |   |      |   | 3,260,368 |  
|                                                                                 |  |                            
|Dilutive shares                                                                  |  |                             | 4,049      |   |      |   | 58,907    |  
|Average basic shares outstanding                                                 |  |                             | 3,263,196  |   |      |   | 3,319,275 |  
|                                                                                 |  |                            
|Basic earnings (loss) per share available to common shareholders                 |  | $                           | 0.36       |   |      | $ | 0.03      |  
|Dilutive earnings (loss) per share available to common shareholders              |  | $                           | 0.36       |   |      | $ | 0.03      |