FIRST COMMUNITY BANK CORP OF AMERICA - FORM S-1/A - EX-12.1 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - December 29, 2009

Attached files

file filename
S-1/A - PRE-EFFECTIVE AMENDMENT NUMBER 2 TO FORM S-1 - FIRST COMMUNITY BANK CORP OF AMERICAds1a.htm
EX-4.3 - 10% CUMULATIVE CONVERTIBLE PERPETUAL PREFERRED STOCK CERTIFICATE SPECIMEN - FIRST COMMUNITY BANK CORP OF AMERICAdex43.htm
EX-5.1 - OPINION OF IGLER AND DOUGHERTY - FIRST COMMUNITY BANK CORP OF AMERICAdex51.htm
EX-3.5 - AMENDED AND RESTATED ARTICLES OF INCORPORATION - FIRST COMMUNITY BANK CORP OF AMERICAdex35.htm
EX-4.1 - COMMON STOCK CERTIFICATE SPECIMEN - FIRST COMMUNITY BANK CORP OF AMERICAdex41.htm
EX-10.1 - PLACEMENT AGREEMENT - FIRST COMMUNITY BANK CORP OF AMERICAdex101.htm
EX-23.1 - CONSENT OF HACKER JOHNSON - FIRST COMMUNITY BANK CORP OF AMERICAdex231.htm
EX-99.1 - FORM OF LETTER TO SHAREHOLDERS - FIRST COMMUNITY BANK CORP OF AMERICAdex991.htm
EX-10.11 - SUBSCRIPTION FORM - FIRST COMMUNITY BANK CORP OF AMERICAdex1011.htm

Exhibit 12.1

Computation of Ratio of Earnings to Fixed Charges (Unaudited)

 

     Nine Months Ended
September 30,		     Years Ended December 31,  
Dollars in Thousands    2009     2008     2008     2007     2006     2005     2004  

Income Before Income Taxes

    $ (4,259 )    $ 1,014      $ (6,030 )    $ 4,417      $ 5,754      $ 4,535      $ 3,206   

Plus: Interest on Deposits

      7,700        8,166        10,798        12,375        8,279        4,253        2,734   

Plus: Interest on Federal Funds Purchased

      —        13        14        32        —        —        —   

Plus: Interest on FHLB Advances

      1,028        1,263        1,640        1,038        1,088        466        466   

Plus: Interest on Repurchase Agreements

      16        125        135        398        260        74        11   

Plus: Interest on Silverton Bank Letter of Credit

      21        22        46            2        1   

Plus: Dividends on Preferred Stock

      416               
                                                        

Combined Fixed Charges and Preference Dividends (Including Interest on Deposits)

      9,181        9,589        12,633        13,843        9,627        4,795        3,212   
                                                        

Adjusted Earnings

    $ 4,922      $ 10,603      $ 6,603      $ 18,260      $ 15,381      $ 9,330      $ 6,418   
                                                        

Ratio of Earnings to Combined Fixed Charges and Preference Dividends (Including Interest on Deposits)

      53.61 %      110.57 %      52.27 %      131.91 %      159.77 %      194.58 %      199.81 % 
                                                        

Ratio of Earnings to Combined Fixed Charges and Preference Dividends (Excluding Interest on Deposits from Combined Fixed Charges and Preference Dividends and Adjusted Earnings)

      -187.58 %      171.26 %      -228.61 %      400.89 %      526.85 %      936.72 %      770.71 % 
                                                        

FIRST COMMUNITY BANK CORP OF AMERICA Reports