First Charter Inactive 10-K2006 FY Annual report

Filed: 5 Apr 07, 12:00am

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Exhibit 12.1

First Charter Corporation
Computation of Ratio of Earnings to Fixed Charges


	For the Calendar Year
(Dollars in thousands)	2006			2005			2004			2003			2002

Computation of ratio of earnings to fixed charges:
Income from continuing operations before income tax expense	$	71,161		$	34,307		$	64,127		$	17,501		$	54,750
Interest on nondeposit-interest bearing liabilities		48,771			46,266			28,943			28,946			32,270
Portion of rental expense deemed representative of interest		1,725			1,089			880			674			554

Total income for computation excluding interest on deposits	$	121,657		$	81,662		$	93,950		$	47,121		$	87,574
Interest on deposits		82,448			53,456			35,350			41,544			50,957

Total income for computation including interest on deposits	$	204,105		$	135,118		$	129,300		$	88,665		$	138,531


Fixed charges excluding interest on deposits	$	50,496		$	47,355		$	29,823		$	29,620		$	32,824


Fixed charges including interest on deposits	$	132,944		$	100,811		$	65,173		$	71,164		$	83,781


Ratio excluding interest on deposits		2.41	x		1.72	x		3.15	x		1.59	x		2.67	x


Ratio including interest on deposits		1.54	x		1.34	x		1.98	x		1.25	x		1.65	x

Components of fixed charges:
Interest:
Interest on deposits	$	82,448		$	53,456		$	35,350		$	41,544		$	50,957
Interest on nondeposit interest-bearing liabilities		48,771			46,266			28,943			28,946			32,270

Total interest charges	$	131,219		$	99,722		$	64,293		$	70,490		$	83,227

Rental expense:
Rental expense	$	5,175		$	3,267		$	2,640		$	2,021		$	1,662
Portion of rental expense deemed representative of interest		1,725			1,089			880			674			554