1
EXHIBIT 12
For Year Ended June 30,
----------------------------------------------
1999 1998 1997 1996 1995
------ ------ ------ ------ ------
RATIOS OF EARNINGS TO FIXED CHARGES
Including interest on deposits
1. Income before income taxes $ 3,843 $ 3,707 $ 2,399 $ 2,031 $ 2,507
2. Interest expense 14,550 12,810 11,291 10,087 8,841
------ ------ ------ ------ ------
3. Adjusted Earnings 18,393 16,517 13,690 12,118 11,348
------ ------ ------ ------ ------
4. Ratio of earnings to fixed charges including interest on
deposits (line 3/line 2) 128.41% 128.94% 121.25% 120.13% 128.36%
RATIOS OF EARNINGS TO FIXED CHARGES
EXCLUDING INTEREST ON DEPOSITS
1. Interest expense $14,550 $12,810 $11,291 $10,087 $ 8,841
2. Interest expense - deposits 8,680 7,587 7,103 7,348 6,185
------ ------ ------ ------ ------
3. Interest expense excluding interest expense - deposits
(line 1 - line 2) 5,870 5,223 4,186 2,739 2,656
------ ------ ------ ------ ------
4. Income before income taxes 3,843 3,707 2,399 2,031 2,507
5. Interest expense excluding interest expense - deposits
(line 3) 5,870 5,223 4,188 2,739 2,653
------ ------ ------ ------ ------
6. Adjusted Earnings 9,713 8,930 6,587 4,770 5,160
------ ------ ------ ------ ------
7. Ratio of earnings to fixed charges excluding interest on
deposits (line 6/line 3) 165.47% 170.97% 157.28% 174.15% 194.50%
Notes
1. Interest expense is the only element of fixed charges as defined in
Regulation S-K.
2. Fixed charges represent the only element to be added to pre-tax income to
arrive at adjusted earnings as defined in Regulation S-K.