Exhibit 12
West Bancorporation, Inc. | ||||||||||||||||||||
Ratios of Earnings (Loss) to Fixed Charges and Preferred Dividends | ||||||||||||||||||||
Year Ended December 31 | ||||||||||||||||||||
(dollars in thousands) | 2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||||||
Excluding Interest on Deposits: | ||||||||||||||||||||
Income (loss) before income taxes | $ | (12,407 | ) | $ | 8,697 | $ | 26,414 | $ | 28,077 | $ | 28,806 | |||||||||
Fixed charges: | ||||||||||||||||||||
Interest expense | 7,088 | 9,910 | 13,672 | 9,170 | 9,101 | |||||||||||||||
1/3 of net rent expense | 571 | 435 | 455 | 379 | 295 | |||||||||||||||
Total fixed charges | 7,659 | 10,345 | 14,127 | 9,549 | 9,396 | |||||||||||||||
Preferred dividend requirement | 1,800 | - | - | - | - | |||||||||||||||
Fixed charges and preferred dividends | $ | 9,459 | $ | 10,345 | $ | 14,127 | $ | 9,549 | $ | 9,396 | ||||||||||
Earnings (loss) | $ | (4,748 | ) | $ | 19,042 | $ | 40,541 | $ | 37,626 | $ | 38,202 | |||||||||
Ratio of earnings (loss) to fixed charges | (0.62 | ) | 1.84 | 2.87 | 3.94 | 4.07 | ||||||||||||||
Ratio of earnings (loss) to fixed charges and preferred dividends | (0.50 | ) | 1.84 | 2.87 | 3.94 | 4.07 | ||||||||||||||
Including Interest on Deposits: | ||||||||||||||||||||
Income (loss) before income taxes | $ | (12,407 | ) | $ | 8,697 | $ | 26,414 | $ | 28,077 | $ | 28,806 | |||||||||
Fixed charges: | ||||||||||||||||||||
Interest expense | 26,636 | 31,431 | 43,823 | 40,639 | 25,042 | |||||||||||||||
1/3 of net rent expense | 571 | 435 | 455 | 379 | 295 | |||||||||||||||
Total fixed charges | 27,207 | 31,866 | 44,278 | 41,018 | 25,337 | |||||||||||||||
Preferred dividend requirement | 1,800 | - | - | - | - | |||||||||||||||
Fixed charges and preferred dividends | $ | 29,007 | $ | 31,866 | $ | 44,278 | $ | 41,018 | $ | 25,337 | ||||||||||
Earnings | $ | 14,800 | $ | 40,563 | $ | 70,692 | $ | 69,095 | $ | 54,143 | ||||||||||
Ratio of earnings to fixed charges | 0.54 | 1.27 | 1.60 | 1.68 | 2.14 | |||||||||||||||
Ratio of earnings to fixed charges and preferred dividends | 0.51 | 1.27 | 1.60 | 1.68 | 2.14 |
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