Exhibit 12.1
PrivateBancorp, Inc.
Calculation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)
| Year Ended December 31, | ||||||||||||||||||||
| 2003 | 2002 | 2001 | 2000 | 1999 | ||||||||||||||||
Including Interest on Deposits | ||||||||||||||||||||
Earnings: | ||||||||||||||||||||
Earnings before income taxes | $ | 26,571 | $ | 14,277 | $ | 8,251 | $ | 6,688 | $ | 4,172 | ||||||||||
Fixed charges from below | 30,354 | 31,241 | 37,637 | 33,331 | 16,605 | |||||||||||||||
Earnings | $ | 56,925 | $ | 45,518 | $ | 45,888 | $ | 40,019 | $ | 20,777 | ||||||||||
Fixed charges: | ||||||||||||||||||||
Interest expense | $ | 30,354 | $ | 31,241 | $ | 37,637 | $ | 33,331 | $ | 16,605 | ||||||||||
Interest portion of fixed rentals (1) | — | — | — | — | — | |||||||||||||||
Total interest expense | $ | 30,354 | $ | 31,241 | $ | 37,637 | $ | 33,331 | $ | 16,605 | ||||||||||
Ratio of Earnings to Fixed Charges | 1.88 | X | 1.46 | X | 1.22 | X | 1.20 | X | 1.25 | X | ||||||||||
Excluding Interest on Deposits | ||||||||||||||||||||
Earnings: | ||||||||||||||||||||
Earnings before income taxes | $ | 26,571 | $ | 14,277 | $ | 8,251 | $ | 6,688 | $ | 4,172 | ||||||||||
Fixed charges from below | 6,442 | 7,264 | 8,058 | 4,116 | 931 | |||||||||||||||
Earnings | $ | 33,013 | $ | 21,541 | $ | 16,309 | $ | 10,804 | $ | 5,103 | ||||||||||
Fixed charges: | ||||||||||||||||||||
Interest expense excluding interest on deposits | $ | 6,442 | $ | 7,264 | $ | 8,058 | $ | 4,116 | $ | 931 | ||||||||||
Interest portion of fixed rentals (1) | $ | — | — | $ | — | — | — | |||||||||||||
Total Interest expense | $ | 6,442 | $ | 7,264 | $ | 8,058 | $ | 4,116 | $ | 931 | ||||||||||
Ratio of Earnings to Fixed Charges | 5.12 | X | 2.97 | X | 2.02 | X | 2.62 | X | 5.48 | X | ||||||||||
| (1) | The Company is not a party to any capital leases; therefore, this item is not applicable. All leases are operating leases. |