Exhibit 12 NEW YORK COMMUNITY BANCORP, INC. CONSOLIDATED RATIOS OF EARNINGS TO FIXED CHARGES RATIO OF EARNINGS TO FIXED CHARGES: Three Months Ended March 31, Year Ended December 31, 2002 2001 2000 1999 1998 1997 ------------ --------- -------- -------- -------- -------- (Dollars in thousands) Earnings: Pre-tax income........................... $ 67,695 $ 175,246 $ 44,902 $ 52,436 $ 45,123 $ 37,619 Fixed charges: Interest expense: Deposits........................... 28,971 141,803 52,449 43,937 44,465 44,585 Borrowings......................... 29,097 75,685 49,302 30,283 21,290 10,751 Rental expense interest (1/3 of total expense): Building........................... 1,654 5,744 1,072 485 446 399 Equipment.......................... 146 532 207 210 225 247 -------- --------- -------- -------- -------- -------- Total rental expense............ 1,800 6,276 1,279 695 671 646 -------- --------- -------- -------- -------- -------- (1/3 of total rental expense)... 600 2,092 426 232 224 215 Total fixed charges...................... 58,668 219,580 102,177 74,452 65,979 55,551 Total earnings........................... 126,363 394,826 147,079 126,888 111,102 93,170 Ratio including deposit expense.......... 2.15 1.80 1.44 1.70 1.68 1.68 Total earnings........................... 126,363 394,826 147,079 126,888 111,102 93,170 Less deposit expense..................... (28,971) (141,803) (52,449) (43,937) (44,465) (44,585) -------- --------- -------- -------- -------- -------- Adjusted total earnings.................. 97,392 253,023 94,630 82,951 66,637 48,585 Total fixed charges...................... 58,668 219,580 102,177 74,452 65,979 55,551 Less deposit expense..................... (28,971) (141,803) (52,449) (43,937) (44,465) (44,585) -------- --------- -------- -------- -------- -------- Adjusted fixed charges................... $ 29,697 $ 77,777 $ 49,728 $ 30,515 $ 21,514 $ 10,966 ======== ========= ======== ======== ======== ======== Ratio excluding deposit expense.......... 3.28 3.25 1.90 2.72 3.10 4.43