Killbuck Bancshares (KLIB) 10-K 2011 FY Annual report

EXHIBIT 12

Statement Regarding Computation of Ratios

The following formulas were used to calculate the ratios in the Selected Consolidated Financial Data for the years ended December 31, 2011, 2010, 2009, 2008 and 2007, included in this report as Exhibit 13.

(Calculation)

Net Income/Weighted average shares of common stock outstanding for the period = Earnings Per Share.

	December 31,
	2011		2010		2009		2008		2007
Net income	$	2,874,616	$	2,979,476	$	3,134,952	$	4,455,633	$	4,904,699
Weighted Average Shares Outstanding		615,060		616,667		618,497		626,151		634,911
Per Share Amount	$	4.67	$	4.83	$	5.07	$	7.12	$	7.73

Cash dividends/Weighted Average Shares Outstanding = Cash dividends declared per share

	December 31,
	2011		2010		2009		2008		2007
Cash dividends	$	1,875,018	$	1,880,953	$	1,853,242	$	1,843,066	$	2,371,463
Weighted Average shares outstanding		615,060		616,667		618,497		626,151		634,911
Per Share Amount	$	3.05	$	3.05	$	3.00	$	2.95	$	3.75

Shareholders’ Equity/Shares Outstanding at period end = Book Value Per Share

	December 31,
	2011		2010		2009		2008		2007
Shareholders’ Equity	$	45,222,831	$	43,679,690	$	43,063,408	$	42,935,598	$	41,117,641
Shares outstanding		613,771		615,945		616,706		621,482		629,582
Per Share Amount	$	73.68	$	70.91	$	69.83	$	69.09	$	65.31

Net Income/Average Assets = Return on Average Assets

	(In Thousands) December 31,
	2011			2010			2009			2008			2007
Net Income	$	2,875		$	2,979		$	3,135		$	4,456		$	4,905
Average Assets	$	421,420		$	385,849		$	350,654		$	338,445		$	324,023
Return on Average Assets		0.68	%		0.77	%		0.89	%		1.32	%		1.51	%

Net Income/Average Shareholders’ equity = Return on Average Equity

	(In Thousands) December 31,
	2011			2010			2009			2008			2007
Net Income	$	2,875		$	2,979		$	3,135		$	4,456		$	4,905
Average Shareholders’ Equity	$	43,692		$	43,119		$	42,232		$	39,064		$	38,072
Return on Average Equity		6.58	%		6.91	%		7.42	%		11.41	%		12.88	%

Cash dividends per share/Net income per share = Dividends Payout Ratio

	December 31,
	2011			2010			2009			2008			2007
Cash dividends per share	$	3.05		$	3.05		$	3.00		$	2.95		$	3.75
Earnings per share	$	4.67		$	4.83		$	5.07		$	7.12		$	7.73
Dividend Payout Ratio		65.31	%		63.15	%		59.17	%		41.43	%		48.51	%

Average Equity/Average Assets = Average Equity To Average Assets

	(In thousands) December 31,
	2011			2010			2009			2008			2007
Average Shareholders’ Equity	$	43,692		$	43,119		$	42,232		$	39,064		$	38,072
Average Assets	$	421,420		$	385,849		$	350,654		$	338,445		$	324,023
Average Shareholders’ Equity to Average Assets		10.37	%		11.18	%		12.04	%		11.54	%		11.75	%

Loans/Total deposits = Loan to Deposit Ratio

	(In thousands) December 31,
	2011			2010			2009			2008			2007
Total loans	$	226,825		$	207,945		$	210,239		$	203,228		$	199,299
Total deposits	$	389,063		$	356,189		$	321,295		$	288,947		$	285,451
Loan to deposit Ratio		58.30	%		58.38	%		65.44	%		70.33	%		69.82	%

Allowance for Loan Loss/Total Loan = Allowance To Total Loan Ratio

	(In thousands) December 31,
	2011			2010			2009			2008			2007
Allowance for Loan Losses	$	2,275		$	2,666		$	2,441		$	2,525		$	2,510
Total loans	$	226,825		$	207,945		$	210,239		$	203,228		$	199,299
Allowance to total Loans		1.00	%		1.28	%		1.16	%		1.24	%		1.26	%