Exhibit 12.1
REDWOOD EMPIRE BANCORP AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands, except ratios)
Year Ended
December 31
1996
-----------
EXCLUDING INTEREST ON DEPOSITS
Net loss ($1,486)
Tax benefit (1,011)
Fixed charges:
Other interest expense 2,716
-------
Earnings before taxes and fixed charges $219
-------
-------
Ratio of earnings to fixed charges 0.08
-------
-------
INCLUDING INTEREST ON DEPOSITS
Fixed charges, per above $2,716
Interest on deposits 19,927
-------
Total fixed charges and interest on deposits $22,643
-------
-------
Earnings before taxes and fixed charges, per above $219
Interest on deposits 19,927
-------
Total earnings before taxes, fixed charges and
interest on deposits $20,146
-------
-------
Ratio of earnings to fixed charges 0.89
-------
-------
Deficiency $2,497
-------
-------
The 1996 earnings are inadequate to cover fixed charges by the amount noted
above.