1
EXHIBIT 12.1
2
Ratio-Fixed Ch.
First Banks
Ratio of Earnings to Fixed Charges
September 30, 1996
Nine months
1996 1995 1995 1994 1993 1992 1991
---- ---- ---- ---- ---- ---- ----
Net income before tax and
minority interest 16,215 28,193 34,156 35,807 34,020 28,540 25,851
Add back:
Interest:
With deposits 106,580 106,350 144,945 70,670 58,058 79,529 106,848
Without deposits 13,077 23,338 28,883 6,581 972 4,239 4,630
Rent expense 3,200 2,257 3,174 1,079 1,000 1,303 1,652
Earnings base:
Without deposits 32,492 53,788 66,213 43,467 35,992 34,082 32,133
With deposits 125,995 136,800 182,275 107,556 93,078 109,372 134,351
Preferred stock dividends 4,237 4,237 5,736 5,735 5,766 1,951 906
Rent expense 3,200 2,257 3,174 1,079 1,000 1,303 1,652
Interest:
Deposits included 106,580 106,350 144,945 70,670 58,058 79,529 106,848
Deposits excluded 13,077 23,338 28,883 6,581 972 4,239 4,630
Fixed charges:
Including interest on deposits 114,017 112,844 153,855 77,484 64,824 82,783 109,406
Excluding interest on deposits 20,514 29,832 37,793 13,395 7,738 7,493 7,188
Ratio:
Including interest on deposits 1.11% 1.21% 1.18% 1.39% 1.44% 1.32% 1.23%
Excluding interest on deposits 1.58% 1.80% 1.75% 3.25% 4.65% 4.55% 4.47%