Exhibit 12.1 - Computation of Ratios
QCR Holdings, Inc.
Calculation of Earnings to Fixed Charges
Dec-04 Dec-03 Dec-02 Jun-02 Jun-01 Jun-00
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Earnings before income taxes .................................... 7,721 8,156 4,879 4,277 3,556 4,426
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Add: preferred dividends on a pretax basis ...................... -- -- -- -- -- --
Add: fixed charges .............................................. 13,832 12,414 6,713 13,389 16,979 13,552
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Earnings including interest expense on deposits (1) ............. 21,553 20,570 11,592 17,666 20,535 17,978
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Less: interest expense on deposits .............................. 6,852 7,005 4,151 8,895 13,022 10,125
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Earnings excluding interest expense on deposits (2) ............. 14,701 13,565 7,441 8,772 7,512 7,853
Fixed charges:
Interest expense on deposits ................................. 6,852 7,005 4,151 8,895 13,022 10,125
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Interest expense on borrowings ............................... 6,473 4,945 2,332 3,976 3,590 3,163
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Portion of rents representative of interest factor ........... 507 464 230 519 367 264
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Fixed charges including interest expense on deposits (3) ........ 13,832 12,414 6,713 13,389 16,979 13,552
Less interest expense on deposits ............................... 6,852 7,005 4,151 8,895 13,022 10,125
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Fixed charges excluding interest expense on deposits (4) ........ 6,980 5,409 2,562 4,494 3,957 3,427
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Rents ........................................................... 867 837 431 796 615 451
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Portion of rents representative of interest factor .............. 507 464 230 519 367 264
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Ratio of earnings to fixed charges and preferred stock dividends:
Excluding interest expense on deposits ( (2)/(4) ) ........... 2.11 2.51 2.90 1.95 1.90 2.29
Including interest expense on deposits ( (1)/(3) ) ........... 1.56 1.66 1.73 1.32 1.21 1.33
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