Exhibit 12.1
Western Alliance Bancorporation
Ratio of Earnings to Fixed Charges | Years Ended December 31, | |||||||||||||||||||||
(dollars in thousands) | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||
Net Income From Continuing Operations | a | $ | (236,460 | ) | $ | 32,875 | $ | 39,889 | $ | 28,065 | $ | 20,057 | ||||||||||
Income Taxes | b | (54,166 | ) | 15,513 | 21,587 | 15,372 | 10,961 | |||||||||||||||
Interest Expense on Deposits | c | 69,136 | 98,128 | 65,612 | 25,546 | 12,123 | ||||||||||||||||
Interest Expense on Borrowings | d | 31,547 | 27,805 | 18,685 | 7,022 | 7,597 | ||||||||||||||||
Earnings | $ | (189,943 | ) | $ | 174,321 | $ | 145,773 | $ | 76,005 | $ | 50,738 | |||||||||||
Preferred Stock Dividends | e | $ | 778 | $ | — | $ | — | $ | — | $ | — | |||||||||||
Fixed Charges | c+d+e | $ | 101,461 | $ | 125,933 | $ | 84,297 | $ | 32,568 | $ | 19,720 | |||||||||||
Ratio of Earnings to Fixed Charges (Including Interest Expense on Deposits) | (a+b+c+d)/(c+d+e) | — | 1.38 | 1.73 | 2.33 | 2.57 | ||||||||||||||||
Earnings Excluding Interest Expense on Deposits | a+b+d | $ | (259,079 | ) | $ | 76,193 | $ | 80,161 | $ | 50,459 | $ | 38,615 | ||||||||||
Fixed Charges Excluding Interest Expense on Deposits | d+e | $ | 32,325 | $ | 27,805 | $ | 18,685 | $ | 7,022 | $ | 7,597 | |||||||||||
Ratio of Earnings to Fixed Charges (Excluding Interest Expense on Deposits) | (a+b+d)/(d+e) | — | 2.74 | 4.29 | 7.19 | 5.08 |