Exhibit 12.1
Brookline Bancorp, Inc
S-3 Ratio of Earnings to Fixed Charges
2014
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| March |
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| 2014 |
| 2013 |
| 2012 |
| 2011 |
| 2010 |
| 2009 |
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Fixed charges: |
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Interest expense on deposits |
| $ | 4,291 |
| $ | 18,773 |
| $ | 21,432 |
| $ | 19,757 |
| $ | 21,420 |
| $ | 31,017 |
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Interest expense on borrowings |
| 2,669 |
| 11,393 |
| 14,400 |
| 10,579 |
| 13,147 |
| 22,739 |
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Total Interest expense |
| 6,960 |
| 30,166 |
| 35,832 |
| 30,336 |
| 34,567 |
| 53,756 |
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Portion of rental expense which represents interest factor |
| 462 |
| 1,047 |
| 895 |
| 549 |
| 489 |
| 436 |
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Total Fixed charges |
| $ | 7,422 |
| $ | 31,213 |
| $ | 36,727 |
| $ | 30,885 |
| $ | 35,056 |
| $ | 54,192 |
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Earnings available for fixed charges: |
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Pre-tax income (loss) |
| $ | 16,839 |
| $ | 56,654 |
| $ | 59,710 |
| $ | 48,705 |
| $ | 46,797 |
| $ | 33,148 |
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Distributed equity income of affiliated companies |
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Add: Fixed charges |
| 7,422 |
| 31,213 |
| 36,727 |
| 30,885 |
| 35,056 |
| 54,192 |
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Less: Net income — noncontrolling interests |
| (422 | ) | (1,787 | ) | (1,227 | ) | (1,219 | ) | (769 | ) | (535 | ) | ||||||
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Total Earnings available for fixed charges |
| $ | 23,839 |
| $ | 86,080 |
| $ | 95,210 |
| $ | 78,371 |
| $ | 81,084 |
| $ | 86,805 |
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Ratio of earnings to fixed charges |
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Including interest on deposits |
| 3.21 |
| 2.76 |
| 2.59 |
| 2.54 |
| 2.31 |
| 1.60 |
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Excluding interest on deposits |
| 7.61 |
| 6.92 |
| 6.23 |
| 7.04 |
| 5.95 |
| 3.75 |
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| $ | 2,308 |
| $ | 5,233 |
| $ | 4,473 |
| $ | 2,744 |
| $ | 2,445 |
| $ | 2,179 |
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