Exhibit 12.1
UNITED COMMUNITY BANKS, INC.
RATIO OF EARNINGS TO FIXED CHARGES (Regulation S-K 503(d))
12/31/17 | 12/31/16 | 12/31/15 | 12/31/14 | 12/31/13 | ||||||||||||||||
EARNINGS | ||||||||||||||||||||
Net Income Before Taxes | 172,834 | 162,992 | 115,014 | 107,070 | 34,952 | |||||||||||||||
Fixed Charges | 35,172 | 26,637 | 22,110 | 26,936 | 47,044 | |||||||||||||||
Amortization of Capitalized Interest | - | - | - | - | - | |||||||||||||||
Capitalized Interest | - | - | - | - | - | |||||||||||||||
Preferred Series A Dividends (pre-tax equivalent) | - | (32 | ) | (103 | ) | - | (20 | ) | ||||||||||||
Preferred Series B Dividends (pre-tax equivalent) | - | - | - | (245 | ) | (16,002 | ) | |||||||||||||
Preferred Series D Dividends (pre-tax equivalent) | - | - | - | (431 | ) | (2,562 | ) | |||||||||||||
Total Earnings | 208,006 | 189,597 | 137,021 | 133,331 | 63,413 | |||||||||||||||
Interest on Deposits | 17,062 | 10,156 | 8,825 | 11,925 | 14,566 | |||||||||||||||
Total Earnings Excluding Deposit Interest | 190,944 | 179,441 | 128,196 | 121,406 | 48,847 | |||||||||||||||
FIXED CHARGES | ||||||||||||||||||||
Interest Expense | 33,735 | 25,234 | 21,108 | 25,549 | 27,680 | |||||||||||||||
Interest Capitalized | - | - | - | - | - | |||||||||||||||
Interest Included in Rental Expense | 1,437 | 1,371 | 899 | 712 | 781 | |||||||||||||||
Preferred Series A Dividends (pre-tax equivalent) | - | 32 | 103 | - | 20 | |||||||||||||||
Preferred Series B Dividends (pre-tax equivalent) | - | - | - | 245 | 16,002 | |||||||||||||||
Preferred Series D Dividends (pre-tax equivalent) | - | - | - | 431 | 2,562 | |||||||||||||||
Total Fixed Charges | 35,172 | 26,637 | 22,110 | 26,936 | 47,044 | |||||||||||||||
Interest on Deposits | 17,062 | 10,156 | 8,825 | 11,925 | 14,566 | |||||||||||||||
Total Fixed Charges Excluding Deposit Interest | 18,110 | 16,481 | 13,285 | 15,011 | 32,478 | |||||||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | ||||||||||||||||||||
Including Interest on Deposits | 5.91 x | 7.12 x | 6.20 x | 4.95 x | 1.35 x | |||||||||||||||
Excluding Interest on Deposits | 10.54 x | 10.89 x | 9.65 x | 8.09 x | 1.50 x | |||||||||||||||
DEFICIENCY (503(d) 1(A)) with deposit interest | - | - | - | - | - | |||||||||||||||
DEFICIENCY (503(d) 1(A)) without deposit interest | - | - | - | - | - |