Exhibit 12
STATEMENTS RE: 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 | ||
| 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 Weighted 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 Weighted 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 Total Loans | = | (Nonaccrual Loans + Accruing Loans Past Due 90 Days or More )/ Loans Net of Unearned Income | ||
| Non-performing Assets to Period End Assets | = | (Nonaccrual Loans + Accruing Loans Past Due 90 Days or More + Other Real Estate Owned + Other Repossessed Assets + Nonaccrual Securities)/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 + Accruing Loans Past Due 90 Days or More ) |