West Bancorporation (WTBA) 10-Q2011 Q2 Quarterly report

Filed: 29 Jul 11, 12:00am

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EXHIBIT 12

West Bancorporation, Inc. and Subsidiary

Computation of Ratios of Earnings (Loss) to Fixed Charges and Preferred Dividends



	Six Months Ended		Year Ended December 31
(dollars in thousands)	June 30, 2011		2010		2009			2008		2007		2006
Excluding Interest on Deposits:
Fixed charges:
Interest expense	$	2,470	$	5,806	$	7,088		$	9,910	$	13,672	$	9,170
1/3 of net rent expense	254		505		571			435		455		379
Total fixed charges	2,724		6,311		7,659			10,345		14,127		9,549
Preferred dividend requirement	895		1,800		1,800			—		—		—
Fixed charges and preferred dividends	$	3,619	$	8,111	$	9,459		$	10,345	$	14,127	$	9,549

Income (loss) before income taxes	$	11,875	$	18,713	$	(12,407	)	$	8,697	$	26,414	$	28,077
Total fixed charges	2,724		6,311		7,659			10,345		14,127		9,549
Earnings (loss) before income taxes
and fixed charges	$	14,599	$	25,024	$	(4,748	)	$	19,042	$	40,541	$	37,626

Ratio of earnings (loss) before income taxes
and fixed charges to fixed charges	5.36		3.97		(0.62		)	1.84		2.87		3.94
Ratio of earnings (loss) before income taxes
and fixed charges to fixed charges and
preferred dividends	4.03		3.09		(0.50		)	1.84		2.87		3.94

Including Interest on Deposits:
Fixed charges:
Interest expense	$	6,078	$	19,023	$	26,636		$	31,431	$	43,823	$	40,639
1/3 of net rent expense	254		505		571			435		455		379
Total fixed charges	6,332		19,528		27,207			31,866		44,278		41,018
Preferred dividend requirement	895		1,800		1,800			—		—		—
Fixed charges and preferred dividends	$	7,227	$	21,328	$	29,007		$	31,866	$	44,278	$	41,018

Income (loss) before income taxes	$	11,875	$	18,713	$	(12,407	)	$	8,697	$	26,414	$	28,077
Total fixed charges	6,332		19,528		27,207			31,866		44,278		41,018
Earnings (loss) before income taxes
and fixed charges	$	18,207	$	38,241	$	14,800		$	40,563	$	70,692	$	69,095

Ratio of earnings (loss) before income taxes
and fixed charges to fixed charges	2.88		1.96		0.54			1.27		1.60		1.68
Ratio of earnings (loss) before income taxes
and fixed charges to fixed charges and
preferred dividends	2.52		1.79		0.51			1.27		1.60		1.68

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