1
Dime Bancorp, Inc. and Subsidiaries
Exhibit 12
Ratio of Earnings to Fixed Charges
(Dollars in thousands)
For the For the
Three Months Ended Six Months Ended
June 30, June 30,
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2000 1999 2000 1999
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Excluding Interest on Deposits from Fixed Charges
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Earnings:
Income before income taxes and extraordinary items $ 49,835 $ 96,535 $151,822 $190,134
Fixed charges 135,142 82,498 248,338 170,387
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Total earnings as adjusted $184,977 $179,033 $400,160 $360,521
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Fixed charges:
Interest on borrowed funds $130,955 $ 78,617 $239,818 $162,890
Portion of rent expense deemed representative of the interest factor (1) 4,187 3,881 8,520 7,497
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Total fixed charges $135,142 $ 82,498 $248,338 $170,387
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Ratio of earnings to fixed charges excluding interest on deposits 1.37x 2.17x 1.61x 2.12x
Including Interest on Deposits in Fixed Charges
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Earnings:
Income before income taxes and extraordinary items $ 49,835 $ 96,535 $151,822 $190,134
Fixed charges 267,428 199,009 511,100 406,740
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Total earnings as adjusted $317,263 $295,544 $662,922 $596,874
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Fixed charges:
Interest on borrowed funds $130,955 $ 78,617 $239,818 $162,890
Interest on deposits 132,286 116,511 262,762 236,353
Portion of rent expense deemed representative of the interest factor (1) 4,187 3,881 8,520 7,497
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Total fixed charges $267,428 $199,009 $511,100 $406,740
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Ratio of earnings to fixed charges including interest on deposits 1.19x 1.49x 1.30x 1.47x
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(1) Represents one-third of total rent expense.