FIDELITY BANCORP, INC.
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
For the
six months
ended June 30
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1998 1997 12/31/97 12/31/96 12/31/95
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NET INCOME BEFORE TAXES 6,795,964.00 5,816,750.00 11,969,459.00 9,790,311.00 9,261,231.00
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FIXED CHARGES:
INTEREST EXPENSE ON DEPOSITS 9,494,947.00 9,176,481.00 18,692,963.00 15,957,942.00 12,335,539.00
INTEREST EXPENSE ON STB 191,747.00 146,186.00 323,548.00 287,329.00 280,473.00
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TOTAL 9,686,694.00 9,322,667.00 19,016,511.00 16,245,271.00 12,616,012.00
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NET INCOME BEFORE TAXES AND FIXED CHARGES
EXCLUDING INTEREST ON DEPOSITS 16,482,658.00 15,139,417.00 30,985,970.00 26,035,582.00 21,877,243.00
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EARNINGS TO FIXED CHARGES:
EXCLUDING INTEREST ON DEPOSITS 36.44 40.79 37.99 35.07 34.02
INCLUDING INTEREST ON DEPOSITS 1.70 1.62 1.63 1.60 1.73
12/31/94 12/31/93
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NET INCOME BEFORE TAXES 7,961,063.00 6,042,128.00
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FIXED CHARGES:
INTEREST EXPENSE ON DEPOSITS 8,150,960.00 7,435,535.00
INTEREST EXPENSE ON STB 285,960.00 163,076.00
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TOTAL 8,436,920.00 7,598,611.00
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NET INCOME BEFORE TAXES AND FIXED CHARGES
EXCLUDING INTEREST ON DEPOSITS 16,397,983.00 13,640,739.00
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EARNINGS TO FIXED CHARGES:
EXCLUDING INTEREST ON DEPOSITS 28.84 38.05
INCLUDING INTEREST ON DEPOSITS 1.94 1.80