Banc of California (BANC) 10-K 2014 FY Annual report

Exhibit 12.0

BANC OF CALIFORNIA, INC.

FIXED CHARGE CALCULATION

(Dollars in thousands)

	Three Months Ended		Year Ended
	December 31,		December 31,
	2014	2013	2014	2013	2012	2011	2010
Ratio of earnings to fixed charges: (1)
Excluding interest on deposits	1.98x	3.86x	2.68x	1.49x	2.44x	(1.58x)	2.25x
Including interest on deposits	1.35x	1.94x	1.58x	1.19x	1.54x	0.48x	1.34x
Ratio of earnings to combined fixed charges and preferred stock dividends: (2)
Excluding interest on deposits	1.37x	2.42x	1.80x	1.08x	1.47x	(0.91x)	1.45x
Including interest on deposits	1.16x	1.62x	1.35x	1.04x	1.23x	0.42x	1.17x

(1) The ratios of earnings to fixed charges for both excluding and including interest on deposits were less than one-to-one for the year ended December 31, 2011. Earnings were insufficient to cover fixed charges by $3.2 million for the period.

(2) The ratios of earnings to fixed charges and preferred stock dividends both excluding and including interest on deposits were less than one-to-one for the he year ended December 31, 2011. Earnings were insufficient to cover fixed charges by $4.1 million for the period.

Computation of Ratio of Earnings to Fixed Charges and Preferred Stock Dividend Requirement

	Three Months Ended				Year Ended
	December 31,				December 31,
	2014		2013		2014		2013		2012		2011			2010
Earnings:
1. Income (loss) before income tax	$	4,690	$	8,837	$	25,777	$	7,339	$	6,111	$	(3,024	)	$	3,861
2. Add: Interest expense	8,749		7,454		32,862		23,282		8,479		6,037			10,788
3. Earnings including interest on deposits	13,439		16,291		58,639		30,621		14,590		3,013			14,649
4. Less: Interest expense on deposits	6,440		5,665		24,411		16,051		5,960		4,989			7,933
5. Earnings excluding interest on deposits	$	6,999	$	10,626	$	34,228	$	14,570	$	8,630	$	(1,976	)	$	6,716
Fixed charges:
6. Interest expense (Line 2)	$	8,749	$	7,454	$	32,862	$	23,282	$	8,479	$	6,037		$	10,788
7. Interest portion on rental expense	1,221		963		4,331		2,532		1,025		202			124
8. Including interest on deposits and capitalized interest	9,970		8,417		37,193		25,814		9,504		6,239			10,912
9. Less interest expense on deposits (Line 4)	6,440		5,665		24,411		16,051		5,960		4,989			7,933
10. Total fixed charges, excluding interest on deposits	$	3,530	$	2,752	$	12,782	$	9,763	$	3,544	$	1,250		$	2,979
Fixed charges and preferred stock dividends:
11. Interest expense (Line 2)	$	8,749	$	7,454	$	32,862	$	23,282	$	8,479	$	6,037		$	10,788
12. Interest portion on rental expense	1,221		963		4,331		2,532		1,025		202			124
13. Preferred stock dividends	1,569		1,640		6,276		3,767		2,343		921			1,655
14. Including interest on deposits, capitalized interest and preferred stock dividends	11,539		10,057		43,469		29,581		11,847		7,160			12,567
15. Less interest expense on deposits (Line 4)	6,440		5,665		24,411		16,051		5,960		4,989			7,933
16. Total fixed charges and preferred stock dividends, excluding interest on deposits	$	5,099	$	4,392	$	19,058	$	13,530	$	5,887	$	2,171		$	4,634
Ratio of earnings to fixed charges:
Excluding interest on deposits (Line 5 divided by Line 10)	1.98		3.86		2.68		1.49		2.44		(1.58)			2.25
Including interest on deposits (Line 3 divided by Line 8)	1.35		1.94		1.58		1.19		1.54		0.48			1.34
Deficiency	$	—	$	—	$	—	$	—	$	—	$	3,226		$	—
Ratio of earnings to fixed charges and preferred stock dividends:
Excluding interest on deposits (Line 5 divided by Line 16)	1.37		2.42		1.80		1.08		1.47		(0.91)			1.45
Including interest on deposits (Line 3 divided by Line 14)	1.16		1.62		1.35		1.04		1.23		0.42			1.17
Deficiency	$	—	$	—	$	—	$	—	$	—	$	4,147		$	—