Tompkins Financial Corporation S-3
Exhibit 12.1
Statement of Computation of Ratios of Earnings to Combined Fixed Charges and Preferred Stock Dividends
| For the Fiscal Years Ended December 31, | ||||||
| 2013 | 2012 | 2011 | 2010 | 2009 | ||
| Ratio of earnings to fixed charges(1) | ||||||
| Including deposit interest | 3.94 | 2.73 | 3.01 | 2.55 | 2.18 | |
| Excluding deposit interest | 7.14 | 4.45 | 5.06 | 4.40 | 4.00 | |
For purposes of calculating the ratio of earnings to fixed charges, fixed charges are the sum of:
| ● | interest cost, including interest on deposits; and |
| ● | that portion of rent expense estimated to be representative of the interest factor. |
| (1) | Currently, we have no shares of preferred stock outstanding and have not paid any dividends on preferred stock in the periods presented. Therefore, the ratio of earnings to combined fixed charges and preferred stock dividends is identical to the ratio of earnings to fixed charges. |
| (Dollar amounts in thousands, unaudited) | For the Fiscal Years Ended December 31, | |||||||||||||||||||
| 2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||
| Income before income taxes | 71,764 | 42,506 | 51,923 | 50,382 | 47,345 | |||||||||||||||
| Interest on deposits | 12,765 | 12,232 | 13,087 | 17,677 | 24,211 | |||||||||||||||
| Interest on borrowings | 11,210 | 11,981 | 12,595 | 14,610 | 15,547 | |||||||||||||||
| Total fixed charges, including interest on deposits | 24,451 | 24,536 | 25,890 | 32,505 | 39,999 | |||||||||||||||
| Total fixed charges, excluding interest on deposits | 11,686 | 12,304 | 12,803 | 14,828 | 15,788 | |||||||||||||||
| Preferred dividends | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
