EXHIBIT 12.1
COMPUTATION OF CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
(Excluding Interest on Deposits)
The Corporation's ratios of earnings to fixed charges (excluding
interest on deposits) for the five years ended June 30, 1999 were as follows:
Nine Months Years Ended June 30,
Ended March 31, ----------------------------------------
2000 1999 1998 1997 1996 1995
-------------- ------ -------- ------ ------ -------
Income before income taxes,
extraordinary item and
cumulative effect of accounting
changes 4,291 6,221 5,281 3,103 4,084 4,962
Income tax expense 1,456 2,117 1,756 511 1,303 1,658
Income before extraordinary item
and cumulative effect of
accounting changes 2,835 4,104 3,525 2,592 2,781 3,304
Extraordinary item, net of tax
Cumulative effect of accounting
changes (1,224)
Net income 2,835 4,104 3,525 1,368 2,781 3,304
Fixed charges:
Total fixed charges 6,619 5,531 4,913 5,307 5,181 4,800
Earnings (for ratio calculation) 10,910 11,752 10,914 8,410 9,265 9,762
Ratio of earnings to fixed charges 1.65 2.12 2.07 1.58 1.79 2.03
For purposes of computing the ratio of earnings to fixed charges,
earnings represent net income before income taxes plus fixed charges. Fixed
charges excluding interest on deposits consist of interest on all debt and
borrowings. Fixed charges including interest on deposits consist of the
foregoing items plus interest on deposits.
EXHIBIT 12.2
COMPUTATION OF CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
(Including Interest on Deposits)
The Corporation's ratios of earnings to fixed charges (including
interest on deposits) for the five years ended June 30, 1999 were as follows:
Nine Months Years Ended June 30,
Ended March 31, ----------------------------------------
2000 1999 1998 1997 1996 1995
-------------- ------ -------- ------ ------ -------
Income before income taxes,
extraordinary item and
cumulative effect of accounting
changes 4,291 6,211 5,281 3,103 4,084 4,962
Income tax expense 1,456 2,117 1,756 511 1,303 1,658
Income before extraordinary item
and cumulative effect of
accounting changes 2,835 4,104 3,525 2,592 2,781 3,304
Extraordinary item, net of tax --- ---
Cumulative effect of accounting
changes (1,224) --- ---
Net income
Fixed charges: 2,835 4,104 3,525 1,368 2,781 3,304
Total fixed charges 21,433 21,956 20,118 19,924 19,104 15,693
Earnings (for ratio calculation) 25,724 28,117 25,399 21,803 23,188 20,655
Ratio of earnings to fixed charges 12.0 1.28 1.26 1.16 1.21 1.32
For purposes of computing the ratio of earnings to fixed charges,
earnings represent net income before income taxes plus fixed charges. Fixed
charges excluding interest on deposits consist of interest on all debt and
borrowings. Fixed charges including interest on deposits consist of the
foregoing items plus interest on deposits.