For the Three Months Ended December 31, | For the Six Months Ended December 31, | For the Year Ended June 30, | |||||||||||||||||||||||||||||||||||
| (Dollars in thousands, unaudited) | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||||||||||||||
| EXCLUDING INTEREST ON DEPOSITS: | |||||||||||||||||||||||||||||||||||||
| Pre-tax income from continuing operations, as reported | $ | 32,971 | $ | 22,066 | $ | 63,149 | $ | 42,138 | $ | 94,269 | $ | 68,201 | $ | 49,537 | $ | 34,172 | $ | 35,877 | |||||||||||||||||||
| Fixed charges | 3,091 | 2,990 | 6,131 | 5,910 | 12,192 | 13,123 | 14,123 | 12,901 | 14,848 | ||||||||||||||||||||||||||||
| Earnings | $ | 36,062 | $ | 25,056 | $ | 69,280 | $ | 48,048 | $ | 106,461 | $ | 81,324 | $ | 63,660 | $ | 47,073 | $ | 50,725 | |||||||||||||||||||
| Interest on debt, including amortization of debt issuance costs | 2,708 | 2,683 | 5,394 | 5,313 | 10,964 | 11,158 | 11,656 | 12,146 | 13,699 | ||||||||||||||||||||||||||||
| Dividends on preferred stock | 132 | 131 | 263 | 263 | 524 | 1,417 | 2,157 | 524 | 1,037 | ||||||||||||||||||||||||||||
| Portion of long-term leases representative of the interest factor | 251 | 176 | 474 | 334 | 704 | 548 | 310 | 231 | 112 | ||||||||||||||||||||||||||||
| Fixed Charges | (B) | $ | 3,091 | $ | 2,990 | $ | 6,131 | $ | 5,910 | $ | 12,192 | $ | 13,123 | $ | 14,123 | $ | 12,901 | $ | 14,848 | ||||||||||||||||||
Consolidated ratios of earnings to fixed charges, excluding interest on deposits(2) | (A)/(B) | 11.67 | x | 8.38 | x | 11.30 | x | 8.13 | x | 8.73 | x | 6.20 | x | 4.51 | x | 3.65 | x | 3.42 | x | ||||||||||||||||||
| INCLUDING INTEREST ON DEPOSITS: | |||||||||||||||||||||||||||||||||||||
| Pre-tax income from continuing operations, as reported | $ | 32,971 | $ | 22,066 | $ | 63,149 | $ | 42,138 | $ | 94,269 | $ | 68,201 | $ | 49,537 | $ | 34,172 | $ | 35,877 | |||||||||||||||||||
| Fixed charges | 11,353 | 8,707 | 21,637 | 17,232 | 37,009 | 35,991 | 39,012 | 35,177 | 36,102 | ||||||||||||||||||||||||||||
| Earnings | (C) | $ | 44,324 | $ | 30,773 | $ | 84,786 | $ | 59,370 | $ | 131,278 | $ | 104,192 | $ | 88,549 | $ | 69,349 | $ | 71,979 | ||||||||||||||||||
| Interest on deposits | 8,262 | 5,717 | 15,506 | 11,322 | 24,817 | 22,868 | 24,889 | 22,276 | 21,254 | ||||||||||||||||||||||||||||
| Interest on borrowings, including amortization of debt issuance costs | 2,708 | 2,683 | 5,394 | 5,313 | 10,964 | 11,158 | 11,656 | 12,146 | 13,699 | ||||||||||||||||||||||||||||
| Dividends on preferred stock | 132 | 131 | 263 | 263 | 524 | 1,417 | 2,157 | 524 | 1,037 | ||||||||||||||||||||||||||||
| Portion of long-term leases representative of the interest factor | 251 | 176 | 474 | 334 | 704 | 548 | 310 | 231 | 112 | ||||||||||||||||||||||||||||
| Fixed Charges | (D) | $ | 11,353 | $ | 8,707 | $ | 21,637 | $ | 17,232 | $ | 37,009 | $ | 35,991 | $ | 39,012 | $ | 35,177 | $ | 36,102 | ||||||||||||||||||
Consolidated ratios of earnings to fixed charges, including interest on deposits(2) | (C)/(D) | 3.90 | x | 3.53 | x | 3.92 | x | 3.45 | x | 3.55 | x | 2.89 | x | 2.27 | x | 1.97 | x | 1.99 | x | ||||||||||||||||||
| PREFERRED DIVIDENDS: | |||||||||||||||||||||||||||||||||||||
| Pre-tax income from continuing operations, as reported | (E) | $ | 32,971 | $ | 22,066 | $ | 63,149 | $ | 42,138 | $ | 94,269 | $ | 68,201 | $ | 49,537 | $ | 34,172 | $ | 35,877 | ||||||||||||||||||
| Preferred dividends | $ | 78 | $ | 77 | $ | 155 | $ | 155 | $ | 309 | $ | 835 | $ | 1,271 | $ | 309 | $ | 611 | |||||||||||||||||||
| Taxable equivalent preferred dividends assuming 41.07% tax rate | (F) | 132 | 131 | 263 | 263 | 524 | 1,417 | 2,157 | 524 | 1,037 | |||||||||||||||||||||||||||
Consolidated ratios of earnings to preferred dividends(3) | (E)/(F) | 249.10 | x | 168.88 | x | 240.09 | x | 160.21 | x | 179.78 | x | 48.13 | x | 22.97 | x | 65.17 | x | 34.60 | x | ||||||||||||||||||
| (1) | The term “fixed charges” means the sum of the following: (a) interest expensed and capitalized, (b) amortized premiums, discounts and capitalized expenses related to indebtedness, (c) an estimate of the interest within rental expense, and (d) preferred stock dividend requirements. |
| (2) | Interest expense on deposits is included in or excluded from the calculation of fixed charges used in the ratio of earnings to fixed charges as described on each line in the above table. |
| (3) | Equals the ratio of earnings to preferred-stock dividend charges and excludes all other fixed charges (items (a)—(c) described in footnote 1 above). |
