EXHIBIT 12.1
FHLBANK TOPEKA
CALCULATION OF EARNINGS TO FIXED CHARGES
12/31/2005
(Thousands)
CALCULATION OF EARNINGS TO FIXED CHARGES
12/31/2005
(Thousands)
12/31/2005 | 12/31/2004 | 12/31/2003 | 12/31/2002 | 12/31/2001 | ||||||||||||||||
Earnings | ||||||||||||||||||||
Income Before Assessments | $ | 184,871 | $ | 127,216 | $ | 119,200 | $ | 78,778 | $ | 105,020 | ||||||||||
Total Fixed Charges | 1,500,725 | 798,103 | 661,038 | 825,346 | 1,260,651 | |||||||||||||||
Capitalized Interest | — | — | — | — | — | |||||||||||||||
Total Earnings | $ | 1,685,596 | $ | 925,319 | $ | 780,238 | $ | 904,124 | $ | 1,365,671 | ||||||||||
Fixed Charges | ||||||||||||||||||||
Interest Expense1 | $ | 1,500,725 | $ | 798,103 | $ | 661,038 | $ | 825,346 | $ | 1,260,651 | ||||||||||
Capitalized Interest | — | — | — | — | — | |||||||||||||||
Estimated Interest Attributable to Rental Expense 2 | — | — | — | — | — | |||||||||||||||
Total Fixed Charges | $ | 1,500,725 | $ | 798,103 | $ | 661,038 | $ | 825,346 | $ | 1,260,651 | ||||||||||
Earnings to Fixed Charges Ratio | 1.12 | 1.16 | 1.18 | 1.10 | 1.08 | |||||||||||||||
1 | For purposes of this calculation the amortization of premium, discount, and capitalized expenses related to indebtedness are included in interest expense and have not been separately displayed in this calculation. |
2 | The FHLBank has rental expense; however, has not placed an estimated of the interest expense included in rental expense in this calculation as the amount is very minimal. |
Exhibit 12.1 - 1 of 1