FIRST REPUBLIC PREFERRED CAPITAL CORP - FORM 10-Q - EX-12 - STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES - November 13, 2009

Attached files

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10-Q - FORM 10-Q - FIRST REPUBLIC PREFERRED CAPITAL CORPd10q.htm
EX-31.1 - SECTION 302 CEO CERTIFICATION - FIRST REPUBLIC PREFERRED CAPITAL CORPdex311.htm
EX-32.1 - SECTION 906 CEO CERTIFICATION - FIRST REPUBLIC PREFERRED CAPITAL CORPdex321.htm
EX-31.2 - SECTION 302 CFO CERTIFICATION - FIRST REPUBLIC PREFERRED CAPITAL CORPdex312.htm
EX-32.2 - SECTION 906 CFO CERTIFICATION - FIRST REPUBLIC PREFERRED CAPITAL CORPdex322.htm

EXHIBIT 12

FIRST REPUBLIC PREFERRED CAPITAL CORPORATION

(A Wholly Owned Subsidiary of Merrill Lynch Bank & Trust Co., FSB)

STATEMENT OF COMPUTATION OF

RATIOS OF EARNINGS TO FIXED CHARGES

 

     Three Months
Ended		     Nine Months
Ended		  

($ in thousands)

 

    Sept. 30,
2009		     Sept. 26,
2008		     Sept. 30,
2009		     Sept. 26,
2008		  

I.       Earnings:

         

Net income

    $ 3,299      $ 3,791      $ 10,641      $ 12,414   

Fixed charges excluding preferred stock dividends

      —          —          —          —     
                                

Earnings before fixed charges

    $ 3,299      $ 3,791      $ 10,641      $ 12,414   
                                

II.     Fixed charges:

         

Preferred stock dividends

    $ 2,531      $ 2,532      $ 7,650      $ 7,594   
                                

III.    Ratios of earnings to fixed charges

      1.30 x      1.50 x      1.39 x      1.63 x 
                                

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