Ratio of Earnings to Fixed Charges
| | Year Ended December 31, | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | 2007 | 2006 | 2005 | 2004 | 2003 | |||||||||||
Ratio of earnings to fixed charges: | ||||||||||||||||
Excluding interest on deposits | 894 | % | 1003 | % | 810 | % | 510 | % | 613 | % | ||||||
Including interest on deposits | 182 | % | 218 | % | 237 | % | 221 | % | 213 | % | ||||||
The ratio of earnings to fixed charges is calculated as follows:
(income before income taxes) + (fixed charges)
(fixed charges)
| (Dollars in thousands) | 2007 | 2006 | 2005 | 2004 | 2003 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Excluding interest on deposits | |||||||||||||||||
Income before income taxes | $ | 22,233 | $ | 26,507 | $ | 21,726 | $ | 11,677 | $ | 11,272 | |||||||
fixed charges (excluding interest on deposits) | 2,801 | 2,937 | 3,058 | 2,850 | 2,197 | ||||||||||||
Total income before income taxes plus fixed charges | $ | 25,034 | $ | 29,444 | $ | 24,784 | $ | 14,527 | $ | 13,469 | |||||||
Including interest on deposits | |||||||||||||||||
Income before income taxes | $ | 22,233 | $ | 26,507 | $ | 21,726 | $ | 11,677 | $ | 11,272 | |||||||
fixed charges (including interest on deposits) | 27,012 | 22,525 | 15,907 | 9,648 | 10,003 | ||||||||||||
Total income before income taxes plus fixed charges | $ | 49,245 | $ | 49,032 | $ | 37,633 | $ | 21,325 | $ | 21,275 | |||||||
Ratio of Earnings to Fixed Charges (Continued)
| | For the Nine Months Ended: | ||||||
|---|---|---|---|---|---|---|---|
| | 2008 | 2007 | |||||
Ratio of earnings to fixed charges | |||||||
Excluding interest on deposits | 132 | % | 952 | % | |||
Including interest on deposits | 106 | % | 190 | % | |||
The ratio of earnings to fixed charges is calculated as follows:
(income before income taxes) + (fixed charges)
(fixed charges)
| | For the Nine Months Ended: | |||||||
|---|---|---|---|---|---|---|---|---|
| (Dollars in thousands) | 2008 | 2007 | ||||||
Excluding interest on deposits | ||||||||
Income before income taxes | $ | 1,101 | $ | 17,738 | ||||
fixed charges (excluding interest on deposits) | 3,388 | 2,082 | ||||||
Total income before income taxes plus fixed charges | $ | 4,489 | $ | 19,820 | ||||
Including interest on deposits | ||||||||
Income before income taxes | $ | 1,101 | $ | 17,738 | ||||
Fixed charges (including interest on deposits) | 18,673 | 19,751 | ||||||
Total income before income taxes plus fixed charges | $ | 19,774 | $ | 37,489 | ||||
