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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2001 2000 1999 1998 1997
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Income before income taxes........................... $135,533 $144,355 $ 88,581 $ 67,092 $ 54,580
Fixed charges:
Interest expense.................................... 186,232 158,050 106,509 87,395 69,869
Interest factor of rental expense................... 3,733 2,778 2,493 1,978 1,760
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Fixed charges..................................... 189,965 160,828 109,002 89,373 71,629
Less: interest expense on deposits................... 132,655 146,269 98,588 78,525 64,675
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Net fixed charges................................. 57,310 14,559 10,414 10,848 6,954
Earnings, excluding interest on deposits............. $192,843 $158,914 $ 98,995 $ 77,940 $ 61,534
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Ratio of earnings, excluding interest on deposits, to
net fixed charges(1)............................... 3.36x 10.92x 9.51x 7.18x 8.85x
Earnings, including interest on deposits............. $325,498 $305,183 $197,583 $156,465 $126,209
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Ratio of earnings, including interest on deposits, to
fixed charges(2)................................... 1.71x 1.90x 1.81x 1.75x 1.76x
(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.
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