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First Regional Bancorp
Ratio of Earnings to Fixed Costs
| | Years Ended December 31, | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
| Three Months Ended March 31, 2004 | |||||||||||
| 2003 | 2002 | 2001 | 2000 | 1999 | |||||||
Earnings, including interest on deposits(1) | ||||||||||||
Income before provision for income taxes | 2,790 | 7,865 | 4,822 | 4,139 | 4,095 | 2,939 | ||||||
Fixed Charges | 1,575 | 3,596 | 2,969 | 5,160 | 5,030 | 4,461 | ||||||
4,365 | 11,461 | 7,791 | 9,299 | 9,125 | 7,400 | |||||||
Fixed charges(1) | ||||||||||||
Interest expensed and capitalized | 1,513 | 3,520 | 2,926 | 5,160 | 5,030 | 4,461 | ||||||
Estimate of interest included in rental expense | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
Amortization of capitalized expenses related to indebtedness | 62 | 76 | 43 | 0 | 0 | 0 | ||||||
1,575 | 3,596 | 2,969 | 5,160 | 5,030 | 4,461 | |||||||
Ratio of earnings to fixed charges | 2.7714 | 3.1872 | 2.6241 | 1.8021 | 1.8141 | 1.6588 | ||||||
$ Deficiency | n/a | n/a | n/a | n/a | n/a | n/a | ||||||
Earnings, excluding interest on deposits | ||||||||||||
Income before provision for income taxes | 2,790 | 7,865 | 4,822 | 4,139 | 4,095 | 2,939 | ||||||
Fixed Charges | 583 | 909 | 434 | 21 | 15 | 15 | ||||||
3,373 | 8,774 | 5,256 | 4,160 | 4,110 | 2,954 | |||||||
Fixed charges | ||||||||||||
Interest expensed and capitalized | 1,513 | 3,520 | 2,926 | 5,160 | 5,030 | 4,461 | ||||||
Less interest on deposits | 992 | 2,687 | 2,535 | 5,139 | 5,015 | 4,444 | ||||||
Estimate of interest included in rental expense | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
Amortization of capitalized expenses related to indebtedness | 62 | 76 | 43 | 0 | 0 | 0 | ||||||
583 | 909 | 434 | 21 | 15 | 17 | |||||||
Ratio of earnings to fixed charges | 5.7856 | 9.6524 | 12.1106 | 198.0952 | 274.0000 | 173.7647 | ||||||
$ Deficiency | n/a | n/a | n/a | n/a | n/a | n/a |
- (1)
- As defined in item 503(d) of Regulation S-K.