Exhibit 12
Computation of Ratios
Net Income Per Share = Net Income/Average Common Shares Outstanding
Cash Dividends Per Share = Dividends Paid/Actual Common Shares Outstanding
Book Value Per Share = Total Shareholders' Equity/Actual Common Shares Outstanding
Return on Average Assets = Net Income/Average Assets
Return on Average Shareholders' Equity = Net Income/Average Shareholders' Equity
Net Interest Margin = Net Interest Income/Average Earning Assets
Noninterest Expense to Average Assets = Noninterest Expense/Average Assets
Efficiency Ratio = (Noninterest Expense-Other Real Estate Owned
Expense-Amortization of Intangibles)/(Net Interest Income +
Noninterest Income-Security Losses)
Average Loans to Deposits = Average Net Loans/Average Deposits Outstanding
Dividend Payout = Dividends Declared/Net Income
Average Shareholders' Equity to Average Assets = Average Shareholders' Equity/Average Assets
Tier I Capital Ratio = Shareholders' Equity - Net Unrealized Gains on Available for
Sale Securities-Intangible Assets +Qualifying Capital
Securities(Tier I Capital)/ Risk Adjusted Assets
Total Capital Ratio = (Tier I Capital +Qualifying Tier II Capital Securities
+Allowance for Loan Losses +Qualifying Portion of Unrealized
Gains on Available for Sale Marketable Equity Securities)/
Risk Adjusted Assets
Tier I Leverage Ratio = Tier I Capital/Average Assets
Net Charge-offs to Average Loans = (Gross Charge-offs - Recoveries)/ Average Net Loans
Non-performing Loans to Period End Loans = (Nonaccrual Loans + Loans Past Due 90 Days or Greater)/
Loans Net of Unearned Income
Non-performing Assets to Period End Assets = (Nonaccrual Loans + Loans Past Due 90 Days or
Greater + Other Real Estate Owned)/Total Assets
Allowance for Loan Losses to Period End Loans = Loan Loss Reserve/Loans Net of Unearned Income
Allowance for Loan Losses to Non-Performing Loans = Loan Loss Reserve/(Nonaccrual Loans + Loans
Past Due 90 days or Greater)
85