Exhibit 12.2
REDWOOD EMPIRE BANCORP AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
AND PREFERRED STOCK DIVIDEND REQUIREMENT
(in thousands, except ratios)
Year Ended
December 31
1996
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EXCLUDING INTEREST ON DEPOSITS
Net loss ($1,486)
Tax benefit (1,011)
Other interest expense 2,716
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Earnings before taxes and fixed charges $219
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Fixed charges per above $2,716
Preferred stock dividends 449
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Fixed charges including preferred stock dividends $3,165
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Ratio of earnings to fixed charges and preferred stock
dividend requirements 0.07
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INCLUDING INTEREST ON DEPOSITS
Fixed charges, including preferred stock dividends $3,165
Interest on deposits 19,927
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Total fixed charges and interest on deposits $23,092
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Earnings before taxes and fixed charges, per above $219
Interest on deposits 19,927
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Total earnings before taxes, fixed charges and
interest on deposits $20,146
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Ratio of earnings to fixed charges 0.87
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Deficiency $2,946
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The 1996 earnings are inadequate to cover fixed charges by the amount noted
above.