Exhibit 12.1
UNITED COMMUNITY BANKS, INC. | |||||||||||||||||||||
RATIO OF EARNINGS TO FIXED CHARGES (Regulation S-K 503(d)) | |||||||||||||||||||||
12/31/14 | 12/31/13 | 12/31/12 | 12/31/11 | 12/31/10 | |||||||||||||||||
EARNINGS | |||||||||||||||||||||
107,070 | 34,952 | 34,906 | (230,729 | ) | (432,292 | ) | |||||||||||||||
Fixed Charges | 26,936 | 47,044 | 57,786 | 84,637 | 116,686 | ||||||||||||||||
Amortization of Capitalized Interest | - | - | - | - | - | ||||||||||||||||
Capitalized Interest | - | - | - | - | - | ||||||||||||||||
Preferred Series A Dividends (pre-tax equivalent) | - | (20 | ) | (20 | ) | (20 | ) | (20 | ) | ||||||||||||
Preferred Series B Dividends (pre-tax equivalent) | (245 | ) | (16,002 | ) | (16,100 | ) | (16,000 | ) | (15,850 | ) | |||||||||||
Preferred Series D Dividends (pre-tax equivalent) | (431 | ) | (2,562 | ) | (2,569 | ) | (2,192 | ) | - | ||||||||||||
Total Earnings | 133,331 | 63,413 | 74,002 | (164,304 | ) | (331,476 | ) | ||||||||||||||
Interest on Deposits | 11,925 | 14,566 | 23,814 | 48,802 | 81,732 | ||||||||||||||||
Total Earnings Excluding Deposit Interest | 121,406 | 48,847 | 50,188 | (213,106 | ) | (413,208 | ) | ||||||||||||||
FIXED CHARGES | |||||||||||||||||||||
25,549 | 27,680 | 37,909 | 65,638 | 100,070 | |||||||||||||||||
Interest Capitalized | - | - | - | - | - | ||||||||||||||||
Interest Included in Rental Expense | 712 | 781 | 767 | 749 | 745 | ||||||||||||||||
Preferred Series A Dividends (pre-tax equivalent) | - | 20 | 20 | 20 | 20 | ||||||||||||||||
Preferred Series B Dividends (pre-tax equivalent) | 245 | 16,002 | 16,100 | 16,000 | 15,850 | ||||||||||||||||
Preferred Series D Dividends (pre-tax equivalent) | 431 | 2,562 | 2,569 | 2,192 | - | ||||||||||||||||
Total Fixed Charges | 26,936 | 47,044 | 57,366 | 84,599 | 116,685 | ||||||||||||||||
Interest on Deposits | 11,925 | 14,566 | 23,814 | 48,802 | 81,732 | ||||||||||||||||
Total Fixed Charges Excluding Deposit Interest | 15,011 | 32,478 | 33,552 | 35,797 | 34,953 | ||||||||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | |||||||||||||||||||||
Including Interest on Deposits | 4.95 | x | 1.35 | x | 1.29 | x | (1.94 | ) x | (2.84 | ) x | |||||||||||
Excluding Interest on Deposits | 8.09 | x | 1.50 | x | 1.50 | x | (5.95 | ) x | (11.82 | ) x | |||||||||||
DEFICIENCY (503(d) 1(A)) with deposit interest | - | - | - | 248,903 | 448,161 | ||||||||||||||||
DEFICIENCY (503(d) 1(A)) without deposit interest | - | - | - | 248,903 | 448,161 |