Exhibit 12.1
(Form 10-K)
(Form 10-K)
Consolidated Ratio of Earnings to Combined Fixed Charges and Preference Dividends for Citizens Republic Bancorp, Inc.
Year Ended December 31, | ||||||||||||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | ||||||||||||||||
Income (loss) from continuing operations, before income tax | (322,082 | ) | 132,147 | 82,655 | 112,106 | 81,269 | ||||||||||||||
Fixed charges: | ||||||||||||||||||||
Interest on short-term borrowings | 8,029 | 34,316 | 16,017 | 25,929 | 9,574 | |||||||||||||||
Interest on long-term debt | 123,067 | 134,222 | 46,083 | 36,417 | 33,618 | |||||||||||||||
Estimated interest component of net rental expense | 1,992 | 2,258 | 1,120 | 1,196 | 1,040 | |||||||||||||||
Combined fixed charges and preferred stock dividends, excluding interest on deposits | 133,088 | 170,796 | 63,220 | 63,542 | 44,232 | |||||||||||||||
Interest on deposits | 220,883 | 257,194 | 147,132 | 85,154 | 63,389 | |||||||||||||||
Combined fixed charges and preferred stock dividends, including interest on deposits | 353,971 | 427,990 | 210,352 | 148,696 | 107,621 | |||||||||||||||
Ratio of earnings to combined fixed charges and preferred stock dividend requirements: | ||||||||||||||||||||
Excluding interest on deposits | — | (a) | 1.77 | 2.31 | 2.76 | 2.84 | ||||||||||||||
Including interest on deposits | 0.09 | (a) | 1.31 | 1.39 | 1.75 | 1.76 |
(a) | For the year ended December 31, 2008, earnings were insufficient to cover fixed charges by $322.1 million. |