Exhibit 12
COMPUTATION OF RATIOS
RETURN ON AVERAGE ASSETS | Net income/Average assets | |
RETURN ON AVERAGE EQUITY | Net income/Average stockholders’ equity | |
NET INTEREST MARGIN (computed on a fully taxable equivalent basis) | Fully taxable equivalent net interest income/Average earning assets | |
NONINTEREST EXPENSE TO NET REVENUE (computed on a fully taxable equivalent basis) [Also referred to as EFFICIENCY RATIO] | Total other expense/(Fully taxable equivalent net interest income plus total other income adjusted for gains or losses on sales of securities) | |
DIVIDEND PAYOUT RATIO | Dividends declared/Net income | |
AVERAGE STOCKHOLDERS’ EQUITY TO AVERAGE TOTAL ASSETS | Average stockholders’ equity/Average assets | |
TIER 1 CAPITAL RATIO | (Stockholders’ equity less goodwill and other intangible assets and accumulated other comprehensive income (loss) plus qualifying trust preferred securities (“Tier 1 capital”)/Risk-adjusted assets | |
RISK-BASED CAPITAL RATIO | (Tier 1 capital plus qualifying loan loss allowance and subordinated debt)/Risk-adjusted assets | |
LEVERAGE RATIO | Tier 1 capital/(Average total assets less goodwill and other intangible assets) | |
BOOK VALUE PER SHARE | Total stockholders’ equity/Common shares outstanding at year-end | |
ALLOWANCE FOR LOAN LOSSES TO END OF YEAR LOANS | Allowance for loan losses/Gross loans net of unearned interest | |
NET CHARGE-OFFS TO AVERAGE LOANS | Net charge-offs/Average gross loans net of unearned interest | |
NONPERFORMING LOANS TO LOANS | (Nonaccrual loans plus loans past due 90 days or greater plus renegotiated loans)/Gross loans net of unearned interest | |
NONPERFORMING ASSETS TO LOANS | (Nonaccrual loans plus loans past due 90 days or greater plus renegotiated loans plus other real estate owned)/Gross loans net of unearned interest | |
NONPERFORMING ASSETS TO TOTAL ASSETS | (Nonaccrual loans plus loans past due 90 days or greater plus renegotiated loans plus other real estate owned)/Total assets | |
RETURN ON AVERAGE EQUITY BEFORE IMPAIRMENT CHARGE | (Net income plus goodwill impairment charge)/Average stockholders’ equity | |
RETURN ON AVERAGE ASSETS BEFORE IMPAIRMENT CHARGE | (Net income plus goodwill impairment charge)/Average assets |
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