Exhibit 12
STATEMENT REGARDING COMPUTATION OF RATIOS
| Cash Dividends Per Common Share | = | Dividends Declared to Common Shareholders/Average Common Shares Outstanding | ||
| Book Value Per Common Share | = | Total Shareholders’Equity/As-Converted Common Shares Outstanding | ||
| Return on Average Assets | = | Net Income/Average Assets | ||
| Return on Average Common Equity | = | Net Income/(Average Shareholders’ Equity – Preferred Liquidation Preference) | ||
| Average Equity to Average Assets | = | Average Shareholders’ Equity/Average Assets | ||
| Net Interest Margin, GAAP | = | Net Interest Income/Average Earning Assets | ||
| Net Interest Margin, FTE | = | Tax Equivalent Net Interest Income/Average Earning Assets | ||
| Efficiency Ratio, GAAP | = | Noninterest Expense/(Net Interest Income + Noninterest Income) | ||
| Efficiency Ratio,Non-GAAP | = | Adjusted Noninterest Expense/(Tax Equivalent Net Interest Income + Adjusted Noninterest Income) | ||
| Dividend Payout | = | Dividends Declared to Common Shareholders/Net Income Available to Common Shareholders | ||
| Effective Tax Rate | = | Income Tax Expense/Income Before Income Taxes | ||
| Average Loan to Deposit Ratio | = | Average Loans/(Average Interest-Bearing Deposits + Average Noninterest-Bearing Demand Deposits) | ||
| Nonperforming Assets to Total Assets | = | (Nonaccrual Loans + Loans Past Due 90 Days or More + Unseasoned TDRs + OREO)/Total Assets | ||
| Nonperforming Loans to Total Loans | = | (Nonaccrual Loans + Loans Past Due 90 Days or More + Unseasoned TDRs + OREO)/Loans Held for Investment, Net of Unearned Income | ||
| Allowance for Loan Losses to Nonperforming Loans | = | Allowance for Loan Losses/(Nonaccrual Loans + Loans Past Due 90 Days or More + Unseasoned TDRs + OREO) | ||
| Allowance for Loan Losses to Total Loans | = | Allowance for Loan Losses/Loans Held for Investment, Net of Unearned Income | ||
| Net Charge-offs to Average Total Loans | = | (Charge-offs - Recoveries)/Average Loans | ||
| Common Equity Tier 1 Ratio | = | (Shareholders’ Equity - Intangible Assets - Net Unrealized Gains (Losses) on Securities Available for Sale – Amounts Recorded in AOCI Attributed to Defined Benefit Plans)/Risk-Weighted Assets | ||
| Tier 1 Risk-Based Capital Ratio | = | (Common Equity Tier 1 Capital + Additional Tier 1 Capital)/ Risk-Weighted Assets | ||
| Total Risk-Based Capital Ratio | = | Tier 1 Capital + Allowance for Loan Losses/ Risk-Weighted Assets | ||
| Tier 1 Leverage Ratio | = | Tier 1 Capital/Average Assets | ||