Exhibit 12.1
PrivateBancorp, Inc.
Computation of Earnings to Fixed Charges
(Dollars in thousands)
Earnings to fixed charges
Year Ended December 31
2002 2001 2000 1999 1998 1997
---- ---- ---- ---- ---- ----
Including Interest on Deposits
Earnings:
Earnings before income taxes $14,277 $ 8,251 $ 6,688 $ 4,172 $ 4,849 $ 3,387
Fixed Charges from below 31,241 37,637 33,331 16,605 13,312 10,081
------- ------- ------- -------- -------- -------
Earnings $45,518 $45,888 $40,019 $20,777 $18,161 $13,468
Fixed Charges:
Interest expense $31,241 $37,637 $33,331 $16,605 $13,312 $10,081
Interest Portion of Fixed Rentals (1) - - - - - -
------- ------- ------- ------- ------- -------
Total Interest expense $31,241 $37,637 $33,331 $16,605 $13,312 $10,081
Ratio to Earning to Fixed Charges 1.46 X 1.22 X 1.20 X 1.25 X 1.36 X 1.34 X
(1) The company is not a party to any capital leases therefore, this item is not
applicable. All leases are operating leases
Excluding Interest on Deposits
Earnings before income taxes $14,277 $ 8,251 $ 6,688 $ 4,172 $ 4,849 $ 3,387
Fixed Charges from below 7,264 8,058 4,116 931 19 3
------- ------- ------- ------- ------- -------
Earnings before income taxes $21,541 $16,309 $10,804 $ 5,103 $ 4,868 $ 3,390
Fixed charges:
Interest expense (excluding
deposits) $ 7,264 $ 8,058 $ 4,116 $ 931 $ 19 $ 3
Interest Portion of Fixed Rentals (1) $ - $ - - - - -
-------- ------- ------- ------- ------- -------
Total Interest expense $ 7,264 $ 8,058 $ 4,116 $ 931 $ 19 $ 3
Ratio to Earning to Fixed Charges 2.97 X 2.02 X 2.62 X 5.48 X 256.21 X 1130.00 X
(1) The company is not a party to any capital leases therefore, this item is not
applicable. All leases are operating leases