Exhibit 12.1
Greater Bay Bancorp Annual Report of Form 10-K
Statements re Computation of Ratios of Earnings to Fixed Charges
For the Years Ended December 31,
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2000 1999 1998 1997 1996
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Income before income taxes $ 126,780 $ 76,226 $ 54,563 $ 43,119 $ 30,536
Fixed charges:
Interest expense 136,400 90,817 73,892 56,847 43,044
Interest factor of rental expense 2,623 2,299 1,805 1,667 1,529
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Fixed charges 139,023 93,116 75,697 58,514 44,573
Less: interest expense on deposits 126,817 84,842 66,757 52,653 39,868
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Net fixed charges 12,206 8,274 8,940 5,861 4,705
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Earnings, excluding interest on deposits $ 138,986 $ 84,500 $ 63,503 $ 48,980 $ 35,241
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Ratio of earnings, excluding interest on
deposits, to net fixed charges/(1)/ 11.39x 10.21x 7.10x 8.36x 7.49x
Earnings, including interest on deposits $ 265,803 $ 169,342 $ 130,260 $ 101,633 $ 75,109
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Ratio of earnings, including interest on
deposits, to fixed charges/(2)/ 1.91x 1.82x 1.72x 1.74x 1.69x
/(1)/For the purposes of computing the ratio of earnings, excluding interest on
deposits, to net fixed charges, earnings represent income before income
taxes plus net fixed charges. Net fixed charges include interest expense,
other than interest on deposits, and that portion of rental expense,
generally one third, deemed representative of the interest factor.
/(2)/For the purposes of computing the ratio of earnings, including interest on
deposits, to fixed charges, earnings represent income before income taxes
plus fixed charges. Fixed charges include interest expense and that portion
of rental expense, generally one third, deemed representative of the
interest factor.