EXHIBIT 12
West Bancorporation, Inc. and Subsidiary
Computation of Ratios of Earnings (Loss) to Fixed Charges and Preferred Dividends
|
| | | | | | | | | | | | | | | | | | | | | | | |
| | Nine Months Ended | | Year Ended December 31 |
| (dollars in thousands) | September 30, 2011 | | 2010 | | 2009 | | 2008 | | 2007 | | 2006 |
| Excluding Interest on Deposits: | | | | | | | | | | | |
| Fixed charges: | | | | | | | | | | | |
| Interest expense | $ | 3,719 |
| | $ | 5,806 |
| | $ | 7,088 |
| | $ | 9,910 |
| | $ | 13,672 |
| | $ | 9,170 |
|
| 1/3 of net rent expense | 384 |
| | 505 |
| | 571 |
| | 435 |
| | 455 |
| | 379 |
|
| Total fixed charges | 4,103 |
| | 6,311 |
| | 7,659 |
| | 10,345 |
| | 14,127 |
| | 9,549 |
|
| Preferred dividend requirement | 895 |
| | 1,800 |
| | 1,800 |
| | — |
| | — |
| | — |
|
| Fixed charges and preferred dividends | $ | 4,998 |
| | $ | 8,111 |
| | $ | 9,459 |
| | $ | 10,345 |
| | $ | 14,127 |
| | $ | 9,549 |
|
| | | | | | | | | | | | |
| Income (loss) before income taxes | $ | 16,093 |
| | $ | 18,713 |
| | $ | (12,407 | ) | | $ | 8,697 |
| | $ | 26,414 |
| | $ | 28,077 |
|
| Total fixed charges | 4,103 |
| | 6,311 |
| | 7,659 |
| | 10,345 |
| | 14,127 |
| | 9,549 |
|
| Earnings (loss) before income taxes | | | | | | | | | | | |
| and fixed charges | $ | 20,196 |
| | $ | 25,024 |
| | $ | (4,748 | ) | | $ | 19,042 |
| | $ | 40,541 |
| | $ | 37,626 |
|
| | | | | | | | | | | | |
| Ratio of earnings (loss) before income taxes | | | | | | | | | | | |
| and fixed charges to fixed charges | 4.92 |
| | 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 | 4.04 |
| | 3.09 |
| | (0.50 | ) | | 1.84 |
| | 2.87 |
| | 3.94 |
|
| | | | | | | | | | | | |
| Including Interest on Deposits: | | | | | | | | | | | |
| Fixed charges: | | | | | | | | | | | |
| Interest expense | $ | 9,062 |
| | $ | 19,023 |
| | $ | 26,636 |
| | $ | 31,431 |
| | $ | 43,823 |
| | $ | 40,639 |
|
| 1/3 of net rent expense | 384 |
| | 505 |
| | 571 |
| | 435 |
| | 455 |
| | 379 |
|
| Total fixed charges | 9,446 |
| | 19,528 |
| | 27,207 |
| | 31,866 |
| | 44,278 |
| | 41,018 |
|
| Preferred dividend requirement | 895 |
| | 1,800 |
| | 1,800 |
| | — |
| | — |
| | — |
|
| Fixed charges and preferred dividends | $ | 10,341 |
| | $ | 21,328 |
| | $ | 29,007 |
| | $ | 31,866 |
| | $ | 44,278 |
| | $ | 41,018 |
|
| | | | | | | | | | | | |
| Income (loss) before income taxes | $ | 16,093 |
| | $ | 18,713 |
| | $ | (12,407 | ) | | $ | 8,697 |
| | $ | 26,414 |
| | $ | 28,077 |
|
| Total fixed charges | 9,446 |
| | 19,528 |
| | 27,207 |
| | 31,866 |
| | 44,278 |
| | 41,018 |
|
| Earnings before income taxes | | | | | | | | | | | |
| and fixed charges | $ | 25,539 |
| | $ | 38,241 |
| | $ | 14,800 |
| | $ | 40,563 |
| | $ | 70,692 |
| | $ | 69,095 |
|
| | | | | | | | | | | | |
| Ratio of earnings loss before income taxes | | | | | | | | | | | |
| and fixed charges to fixed charges | 2.70 |
| | 1.96 |
| | 0.54 |
| | 1.27 |
| | 1.60 |
| | 1.68 |
|
| Ratio of earnings before income taxes | | | | | | | | | | | |
| and fixed charges to fixed charges and | | | | | | | | | | | |
| preferred dividends | 2.47 |
| | 1.79 |
| | 0.51 |
| | 1.27 |
| | 1.60 |
| | 1.68 |
|
