Exhibit 12.1
REDWOOD EMPIRE BANCORP AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands, except ratios)
Year Ended
December 31,
1997
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EXCLUDING INTEREST ON DEPOSITS
Net income $3,441
Tax provision 2,266
Fixed charges:
Other interest expense 1,359
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Earnings before taxes and fixed charges $7,066
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Ratio of earnings to fixed charges 5.20
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INCLUDING INTEREST ON DEPOSITS
Fixed charges, per above $1,359
Interest on deposits 15,428
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Total fixed charges and interest on deposits $16,787
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Earnings before taxes and fixed charges, per above $7,066
Interest on deposits 15,428
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Total earnings before taxes, fixed charges and
interest on deposits $22,494
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Ratio of earnings to fixed charges 1.34
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Surplus $5,707
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The 1997 earnings are adequate to cover fixed charges by the amount noted above.