Exhibit 12.1
QCR Holdings, Inc.
Calculation of earnings to fixed charges
Dec-03 Dec-02 Jun-02 Jun-01 Jun-00 Jun-99 Jun-98 Jun-97 Jun-96
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Earnings before income taxes ..................... 8,156 4,879 4,277 3,556 4,426 4,079 4,071 1,384 683
Add: preferred dividends on a pretax basis ....... -- -- -- -- -- -- -- -- --
Add: fixed charges ............................... 12,414 6,713 13,389 16,979 13,552 11,269 8,437 4,997 3,495
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Earnings including interest expense on
deposits (1) ................................... 20,570 11,592 17,666 20,535 17,978 15,348 12,508 6,381 4,178
Less: interest expense on deposits ............... 7,005 4,151 8,895 13,022 10,125 9,010 6,971 4,358 3,350
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Earnings excluding interest expense on
deposits (2) ................................... 13,565 7,441 8,772 7,512 7,853 6,338 5,537 2,023 828
Fixed charges:
Interest expense on deposits .................. 7,005 4,151 8,895 13,022 10,125 9,010 6,971 4,358 3,350
Interest expense on borrowings ................ 4,945 2,332 3,976 3,590 3,163 2,017 1,371 635 137
Portion of rents representative of interest
factor ...................................... 464 230 519 367 264 242 95 4 8
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Fixed charges including interest expense on
deposits (3) ................................... 12,414 6,713 13,389 16,979 13,552 11,269 8,437 4,997 3,495
Less interest expense on deposits ................ 7,005 4,151 8,895 13,022 10,125 9,010 6,971 4,358 3,350
Fixed charges excluding interest expense on
deposits (4) ................................... 5,409 2,562 4,494 3,957 3,427 2,259 1,466 639 145
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Rents ........................................... 837 431 796 615 451 430 176 10 20
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Portion of rents representative of interest
factor ......................................... 464 230 519 367 264 242 95 4 8
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Ratio of earnings to fixed charges and preferred
stock dividends:
Excluding interest expense on deposits ((2)/(4)) 2.51 2.90 1.95 1.90 2.29 2.81 3.78 3.17 5.71
Including interest expense on deposits ((1)/(3)) 1.66 1.73 1.32 1.21 1.33 1.36 1.48 1.28 1.20
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