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1ST SOURCE CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Year Ended December 31,
(In Thousands)
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INCLUDING INTEREST ON DEPOSITS 1996 1995 1994 1993 1992
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Earnings:
Earnings before income taxes $ 35,599 $ 32,043 $ 26,333 $ 23,866 $ 20,910
Fixed charges from below 73,429 64,946 47,709 44,578 50,227
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Earnings $109,028 $ 96,989 $ 74,042 $ 68,444 $ 71,137
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Fixed Charges:
Interest Expense $ 73,429 $ 64,946 $ 47,709 $ 44,578 $ 50,227
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Ratio of earnings to fixed charges 1.48% 1.49% 1.55% 1.54% 1.42%
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EXCLUDING INTEREST ON DEPOSITS
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Earnings:
Earnings before income taxes $ 35,599 $ 32,043 $ 26,333 $ 23,866 $ 20,910
Fixed charges from below 9,215 8,761 5,697 4,825 4,905
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Earnings $ 44,814 $ 40,804 $ 32,030 $ 28,691 $ 25,815
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Fixed Charges:
Interest Expense, excluding
interest on deposits $ 9,215 $ 8,761 $ 5,697 $ 4,825 $ 4,905
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Ratio of earnings to fixed charges 4.86% 4.66% 5.62% 5.95% 5.26%
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