FIDELITY BANCORP, INC.
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
3/31/99 3/31/98 12/31/98 12/31/97 12/31/96
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NET INCOME BEFORE TAXES 2,679,866.00 2,277,317.00 12,106,371.00 11,969,459.00 9,790,311.00
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FIXED CHARGES:
INTEREST EXPENSE ON DEPOSITS 5,028,435.00 4,726,889.00 19,478,840.00 18,692,963.00 15,957,942.00
INTEREST EXPENSE ON STB 109,448.00 94,060.00 412,516.00 323,548.00 287,329.00
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TOTAL 5,137,883.00 4,820,949.00 19,891,356.00 19,016,511.00 16,245,271.00
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NET INCOME BEFORE TAXES AND FIXED CHARGES
EXCLUDING INTEREST ON DEPOSITS 7,817,749.00 7,098,266.00 31,997,727.00 30,985,970.00 26,035,582.00
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EARNINGS TO FIXED CHARGES:
EXCLUDING INTEREST ON DEPOSITS 25.49 39.47 30.35 37.99 35.07
INCLUDING INTEREST ON DEPOSITS 1.52 1.75 1.61 1.63 1.60
12/31/95 12/31/94
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NET INCOME BEFORE TAXES 9,261,231.00 7,961,063.00
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FIXED CHARGES:
INTEREST EXPENSE ON DEPOSITS 12,335,539.00 8,150,960.00
INTEREST EXPENSE ON STB 280,473.00 285,960.00
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TOTAL 12,616,012.00 8,436,920.00
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NET INCOME BEFORE TAXES AND FIXED CHARGES
EXCLUDING INTEREST ON DEPOSITS 21,877,243.00 16,397,983.00
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EARNINGS TO FIXED CHARGES:
EXCLUDING INTEREST ON DEPOSITS 34.02 28.84
INCLUDING INTEREST ON DEPOSITS 1.73 1.94