Exhibit 12
Computation of Ratios
Net Income Per Share | = Net Income/Average Common Shares Outstanding | |
Cash Dividends Per Share | = Dividends Paid/Actual Common Shares Outstanding | |
Book Value Per Share | = Total Shareholders’ Equity/Actual Common Shares Outstanding | |
Return on Average Assets | = Net Income/Average Assets | |
Return on Average Shareholders’ Equity | = Net Income/Average Shareholders’ Equity | |
Net Interest Margin | = Net Interest Income/Average Earning Assets | |
Noninterest Expense to Average Assets | = Noninterest Expense/Average Assets | |
Efficiency Ratio | = (Noninterest Expense-Other Real Estate Owned Expense-Amortization of Intangibles)/(Net Interest Income + Noninterest Income-Security Losses) | |
Average Loans to Deposits | = Average Net Loans/Average Deposits Outstanding | |
Dividend Payout | = Dividends Declared/Net Income | |
Average Shareholders’ Equity to Average Assets | = Average Shareholders’ Equity/Average Assets | |
Tier I Capital Ratio | = Shareholders’ Equity – Net Unrealized Gains on Available for Sale Securities-Intangible Assets +Qualifying Capital Securities (Tier I Capital)/ Risk Adjusted Assets | |
Total Capital Ratio | = (Tier I Capital +Qualifying Tier II Capital Securities +Allowance for Loan Losses +Qualifying Portion of Unrealized Gains on Available for Sale Marketable Equity Securities)/Risk Adjusted Assets | |
Tier I Leverage Ratio | = Tier I Capital/Average Assets | |
Net Charge-offs to Average Loans | = (Gross Charge-offs – Recoveries)/ Average Net Loans | |
Non-performing Loans to Period End Loans | = (Nonaccrual Loans + Loans Past Due 90 Days or Greater)/ Loans Net of Unearned Income | |
Non-performing Assets to Period End Assets | = (Nonaccrual Loans + Loans Past Due 90 Days or Greater + Other Real Estate Owned)/Total Assets | |
Allowance for Loan Losses to Period End Loans | = Loan Loss Reserve/Loans Net of Unearned Income | |
Allowance for Loan Losses to Non-Performing Loans | = Loan Loss Reserve/(Nonaccrual Loans + Loans Past Due 90 days or Greater) |
117