Exhibit 12 |
RATIO OF EARNINGS TO FIXED CHARGES |
| Sept. 30 | December 31 | ||||
| 2007 | 2006 | 2005 | 2004 | 2003 | 2002 |
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Income Before Income Taxes | $ 14,380 | $ 11,023 | $ 7,621 | $ 7,527 | $ 11,160 | $ 10,802 |
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Interest on Indebtedness | 11,597 | 11,994 | 8,016 | 7,137 | 6,813 | 7,952 |
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Portion of rents representative |
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of the interest factor | 1,000 | 1,249 | 1,161 | 1,106 | 1,046 | 949 |
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Earnings as adjusted | $ 26,977 | $24,266 | $ 16,798 | $ 15,770 | $ 19,019 | $ 19,703 |
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Fixed Charges: |
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Interest on Indebtedness | $ 11,597 | $ 11,994 | $ 8,016 | $ 7,137 | $ 6,813 | $ 7,952 |
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Portion of rents representative |
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of the interest factor | 1,000 | 1,249 | 1,161 | 1,106 | 1.046 | 949 |
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Fixed Charges | $ 12,597 | $ 13,243 | $ 9,177 | $ 8,243 | $ 7,859 | $ 8,901 |
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Ratio of Earnings |
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to Fixed Charges | 2.14 | 1.83 | 1.83 | 1.91 | 2.42 | 2.01 |
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