Exhibit No. 12.1
UNIONBANCAL CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
For the Years Ended December 31, | ||||||||||||||||||||
(In millions, except ratios) | 2012 | 2011 | 2010 | 2009 | 2008 | |||||||||||||||
EXCLUDING INTEREST ON DEPOSITS | ||||||||||||||||||||
Income (loss) before income taxes and including noncontrolling interests | $ | 830 | $ | 1,081 | $ | 793 | $ | (226 | ) | $ | 412 | |||||||||
Fixed Charges: | ||||||||||||||||||||
Interest expense, excluding interest on deposits | 156 | 155 | 112 | 132 | 288 | |||||||||||||||
Estimated interest component of net rental expense(a) | 26 | 26 | 24 | 19 | 16 | |||||||||||||||
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Total fixed charges | 182 | 181 | 136 | 151 | 304 | |||||||||||||||
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Income before income taxes and including noncontrolling interests, excluding fixed charges | $ | 1,012 | $ | 1,262 | $ | 929 | $ | (75 | ) | $ | 716 | |||||||||
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Ratio of earnings to fixed charges | 5.57 | 6.96 | 6.81 | (0.50 | ) | 2.36 | ||||||||||||||
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INCLUDING INTEREST ON DEPOSITS | ||||||||||||||||||||
Fixed charges | $ | 182 | $ | 181 | $ | 136 | $ | 151 | $ | 304 | ||||||||||
Add: Interest on deposits | 233 | 216 | 290 | 408 | 639 | |||||||||||||||
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Total fixed charges including interest on deposits | $ | 415 | $ | 397 | $ | 426 | $ | 559 | $ | 943 | ||||||||||
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Income before income taxes and including noncontrolling interests, excluding fixed charges as above | $ | 1,012 | $ | 1,262 | $ | 929 | $ | (75 | ) | $ | 716 | |||||||||
Add: Interest on deposits | 233 | 216 | 290 | 408 | 639 | |||||||||||||||
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Total earnings before income taxes and including noncontrolling interests, excluding fixed charges, and including interest on deposits | $ | 1,245 | $ | 1,478 | $ | 1,219 | $ | 333 | $ | 1,355 | ||||||||||
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Ratio of earnings to fixed charges | 3.00 | 3.72 | 2.86 | 0.60 | 1.44 | |||||||||||||||
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(a) | The proportion deemed representative of the interest factor. |