Exhibit 12
STATEMENT REGARDING COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
Capitol Bancorp Limited
Calculation of Ratio of Earnings to Fixed Charges
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| Three Months |
| Year Ended December 31 |
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| 2008 |
| 2007 |
| 2006 |
| 2005 |
| 2004 |
| 2003 |
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Income before income taxes (A) |
| $ | 196 |
| $ | 24,761 |
| $ | 57,854 |
| $ | 55,157 |
| $ | 41,415 |
| $ | 37,415 |
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Fixed Charges: |
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Interest on borrowings |
| 6,880 |
| 23,002 |
| 16,957 |
| 14,366 |
| 10,801 |
| 8,230 |
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Estimated interest component of net rental expense |
| 880 |
| 3,042 |
| 2,508 |
| 2,046 |
| 1,947 |
| 1,749 |
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Fixed charges, excluding interest on deposits (B) |
| 7,760 |
| 26,044 |
| 19,465 |
| 16,412 |
| 12,748 |
| 9,979 |
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Interest on deposits |
| 30,688 |
| 124,160 |
| 88,629 |
| 53,213 |
| 36,695 |
| 41,260 |
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Fixed charges, including interest on deposits (C) |
| 38,448 |
| 150,204 |
| 108,094 |
| 69,625 |
| 49,443 |
| 51,239 |
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Ratio of Earnings to Fixed Charges |
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Excluding deposit interest (A+B)/B |
| 1.03 | x | 1.95 | x | 3.97 | x | 4.36 | x | 4.25 | x | 4.75 | x | ||||||
Including deposit interest (A+C)/C |
| 1.01 | x | 1.16 | x | 1.54 | x | 1.79 | x | 1.84 | x | 1.73 | x | ||||||
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