FIRSTMERIT CORP /OH/ - FORM 10-K - EX-12 - February 25, 2010

Attached files

file filename
10-K - FORM 10-K - FIRSTMERIT CORP /OH/l38698e10vk.htm
EX-21 - EX-21 - FIRSTMERIT CORP /OH/l38698exv21.htm
EX-24 - EX-24 - FIRSTMERIT CORP /OH/l38698exv24.htm
EX-23 - EX-23 - FIRSTMERIT CORP /OH/l38698exv23.htm
EX-31.2 - EX-31.2 - FIRSTMERIT CORP /OH/l38698exv31w2.htm
EX-32.1 - EX-32.1 - FIRSTMERIT CORP /OH/l38698exv32w1.htm
EX-32.2 - EX-32.2 - FIRSTMERIT CORP /OH/l38698exv32w2.htm
EX-31.1 - EX-31.1 - FIRSTMERIT CORP /OH/l38698exv31w1.htm
Exhibit 12
FIRSTMERIT CORPORATION
Computations of Consolidated Ratios of Earnings to Fixed Charges
(Dollars in thousands — unaudited)
 
                                         
    For the twelve months
 		 
    ended December 31,  
    2009     2008     2007     2006     2005  
       
 
Excluding Interest on Deposits:
                                       
                                         
Fixed Charges:
                                       
Interest Expense (excluding interest on deposits)
    32,081       59,431       91,899       80,291       66,873  
Interest Factor Within Rent Expense (a)
    1,870       1,936       2,129       2,246       2,128  
     
     
    33,951       61,367       94,028       82,537       69,001          
Earnings:
                                       
Income Before Income Taxes
    107,815       168,389       173,408       131,322       182,133  
Fixed Charges — Excluding Preferred Stock Dividends
    32,162       61,367       94,028       82,537       69,001  
     
     
Total Earnings
    139,977       229,756       267,436       213,859       251,134  
                                         
Ratio of Earnings to Fixed Charges, Excluding Interest on Deposits
    4.12       3.74       2.84       2.59       3.64  
                                         
Including Interest on Deposits:
                                       
                                         
Fixed Charges:
                                       
Interest Expense
    110,763       197,637       299,448       263,468       192,451  
Interest Factor Within Rent Expense (a)
    1,870       1,936       2,129       2,246       2,128  
     
     
Total Fixed Charges
    112,633       199,573       301,577       265,714       194,579  
                                         
Earnings:
                                       
Income Before Income Taxes
    107,815       168,389       173,408       131,322       182,133  
Fixed Charges — Excluding Preferred Stock Dividends
    110,844       199,573       301,577       265,714       194,579  
     
     
Total Earnings
    218,659       367,962       474,985       397,036       376,712  
                                         
Ratio of Earnings to Fixed Charges, Including Interest on Deposits
    1.94       1.84       1.58       1.49       1.94  
 
 
(a) The portion of rents shown as representative of the interest factor is one-third of total net operating lease expenses.