Exhibit 12
INTERVEST BANCSHARES CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
For the Year Ended December 31, 2005
------------------------------------
Intervest
Bancshares Intervest Intervest
Corporation Bancshares Mortgage
($ in thousands) Consolidated Corporation Corporation
- ---------------------------------------------------------------------------------------------------------------------------
Earnings before income taxes (1) $ 32,250 $ 112 $ 5,745
Fixed charges, excluding interest on deposits (2) 12,528 5,003 7,370
------------------------------------------
Earnings before income taxes and fixed charges, excluding interest on deposits 44,778 5,115 13,115
Interest on deposits 44,919 - -
------------------------------------------
Earnings before income taxes and fixed charges, including interest on deposits $ 89,697 $ 5,115 $ 13,115
- ---------------------------------------------------------------------------------------------------------------------------
Earnings to fixed charges ratios:
Excluding interest on deposits 3.57 x 1.02 x 1.78 x
Including interest on deposits 1.56 x 1.02 x 1.78 x
- ---------------------------------------------------------------------------------------------------------------------------
For the Year Ended December 31, 2004
------------------------------------
Intervest
Bancshares Intervest Intervest
Corporation Bancshares Mortgage
($ in thousands) Consolidated Corporation Corporation
- ---------------------------------------------------------------------------------------------------------------------------
Earnings before income taxes (1) $ 20,229 $ 107 $ 4,379
Fixed charges, excluding interest on deposits (2) 12,353 4,351 7,945
------------------------------------------
Earnings before income taxes and fixed charges, excluding interest on deposits 32,582 4,458 12,324
Interest on deposits 26,330 - -
------------------------------------------
Earnings before income taxes and fixed charges, including interest on deposits $ 58,912 $ 4,458 $ 12,324
- ---------------------------------------------------------------------------------------------------------------------------
Earnings to fixed charges ratios:
Excluding interest on deposits 2.64 x 1.02 x 1.55 x
Including interest on deposits 1.52 x 1.02 x 1.55 x
- ---------------------------------------------------------------------------------------------------------------------------
For the Year Ended December 31, 2003
------------------------------------
Intervest
Bancshares Intervest Intervest
Corporation Bancshares Mortgage
($ in thousands) Consolidated Corporation Corporation
- ---------------------------------------------------------------------------------------------------------------------------
Earnings (loss) before income taxes (1) $ 15,993 $ (638) $ 3,255
Fixed charges, excluding interest on deposits (2) 10,127 3,024 7,140
------------------------------------------
Earnings before income taxes and fixed charges, excluding interest on deposits 26,120 2,386 10,395
Interest on deposits 18,437 - -
------------------------------------------
Earnings before income taxes and fixed charges, including interest on deposits $ 44,557 $ 2,386 $ 10,395
- ---------------------------------------------------------------------------------------------------------------------------
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
- ---------------------------------------------------------------------------------------------------------------------------
<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.