EXHIBIT 12.0
STATEMENT RE: RATIO OF EARNINGS TO FIXED CHARGES
Years Ended December 31, | ||||||||||||
(dollars in thousands) | 2012 | 2011 | 2010 | |||||||||
Including Interest Paid on Deposits: | ||||||||||||
Earnings before income taxes | $ | 780,908 | $ | 734,577 | $ | 837,471 | ||||||
Combined fixed charges: | ||||||||||||
Interest expense on deposits | 144,166 | 157,173 | 216,540 | |||||||||
Interest expense on borrowed funds | 486,914 | 509,070 | 517,291 | |||||||||
Appropriate portion (1/3) of rent expenses | 11,282 | 9,892 | 12,016 | |||||||||
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Total fixed charges | $ | 642,362 | $ | 676,135 | $ | 745,847 | ||||||
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Earnings before income taxes and fixed charges | $ | 1,423,270 | $ | 1,410,712 | $ | 1,583,318 | ||||||
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Ratio of earnings to fixed charges | 2.22 | x | 2.09 | x | 2.12 | x | ||||||
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Excluding Interest Paid on Deposits: | ||||||||||||
Earnings before income taxes | $ | 780,908 | $ | 734,577 | $ | 837,471 | ||||||
Combined fixed charges: | ||||||||||||
Interest expense on borrowed funds | 486,914 | 509,070 | 517,291 | |||||||||
Appropriate portion (1/3) of rent expenses | 11,282 | 9,892 | 12,016 | |||||||||
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Total fixed charges | $ | 498,196 | $ | 518,962 | $ | 529,307 | ||||||
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Earnings before income taxes and fixed charges | $ | 1,279,104 | $ | 1,253,539 | $ | 1,366,778 | ||||||
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Ratio of earnings to fixed charges | 2.57 | x | 2.42 | x | 2.58 | x | ||||||
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