Exhibit 12
INTERVEST BANCSHARES CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
For the YearEnded December 31, 2003
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($ in thousands) Intervest
Bancshares Intervest Intervest
Corporation Bancshares Mortgage
Consolidated Corporation Corporation
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Earnings (loss) before income taxes (1) $ 15,993 $ (638) $ 3,255
Fixed charges, excluding interest on deposits (2) 10,127 3,024 7,140
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Earnings before income taxes and fixed charges, excluding interest on deposits 26,120 2,386 10,395
Interest on deposits 18,437 - -
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Earnings before income taxes and fixed charges, including interest on deposits $ 44,557 $ 2,386 $ 10,395
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Earnings to fixed charges ratios:
Excluding interest on deposits 2.58 x .79 x 1.46 x
Including interest on deposits 1.56 x .79 x 1.46 x
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For the Year Ended December 31, 2002
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($ in thousands) Intervest
Bancshares Intervest Intervest
Corporation Bancshares Mortgage
Consolidated Corporation Corporation
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Earnings (loss) before income taxes (1) $ 11,619 $ (544) $ 2,774
Fixed charges, excluding interest on deposits (2) 8,956 2,695 6,288
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Earnings before income taxes and fixed charges, excluding interest on deposits 20,575 2,151 9,062
Interest on deposits 17,369 - -
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Earnings before income taxes and fixed charges, including interest on deposits $ 37,944 $ 2,151 $ 9,062
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Earnings to fixed charges ratios:
Excluding interest on deposits 2.30 x .80 x 1.44 x
Including interest on deposits 1.44 x .80 x 1.44 x
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For the Year Ended December 31, 2001
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($ in thousands) Intervest
Bancshares Intervest Intervest
Corporation Bancshares Mortgage
Consolidated Corporation Corporation
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Earnings (loss) before income taxes (1) $ 6,488 $ (250) $ 1,072
Fixed charges, excluding interest on deposits (2) 7,635 1,124 6,511
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Earnings before income taxes and fixed charges, excluding interest on deposits 14,123 874 7,583
Interest on deposits 17,079 - -
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Earnings before income taxes and fixed charges, including interest on deposits $ 31,202 $ 874 $ 7,583
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Earnings to fixed charges ratios:
Excluding interest on deposits 1.85 x .78 x 1.16 x
Including interest on deposits 1.26 x .78 x 1.16 x
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<FN>
(1) Intervest Bancshares Corporation's earnings (loss) before income taxes
includes dividends received from subsidiaries for purposes of this
calculation.
(2) Fixed charges represent interest on debentures and federal funds purchased
and amortization of debenture offering costs.