PrivateBancorp 10K 2008 Annual report | PVTB Filing

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	Year Ended December 31,
	2008				2007			2006			2005			2004
Including Interest on Deposits:

Income before income taxes (A)	$	(152,940	)		$	14,690		$	54,404		$	45,879		$	34,980

Interest expense:

Interest on deposits	$	36,914			$	154,045		$	122,411		$	62,649		$	30,970
Interest on borrowings ‘(C)	$	176,712			$	25,757		$	17,426		$	17,495		$	8,598

Interest expense (B)	$	213,626			$	179,802		$	139,837		$	80,144		$	39,568

Preferred stock dividends before income taxes (D)	$	546			$	107		$	—		$	—		$	—

Ratio to Earnings to Fixed Charges:
Including deposit interest (A+B)/B		0.28		X		1.08	X		1.39	X		1.57	X		1.88	X
Excluding deposit interest (A+C)/C			*	X		1.57	X		4.12	X		3.62	X		5.07	X

Ratio to Earnings to Combined Fixed Charges and Preferred Stock Dividends:
Including deposit interest (A+B)/(B+D)		0.28		X		1.08	X		1.39	X		1.57	X		1.88	X
Excluding deposit interest (A+C)/(C+D)			*	X		1.09	X		1.44	X		1.73	X		2.13	X


*		The earnings for the year ended December 31, 2008 (excluding deposit interest) were inadequate to cover total fixed charges for the year. The coverage deficiency for the year was $23.8 million excluding preferred dividends and $24.3 million including preferred dividends.

PrivateBancorp (PVTB) Inactive 10-K2008 FY Annual report

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