CITY NATIONAL CORP - FORM 10-K - EX-12 - EXHIBIT 12 - February 26, 2010

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EX-99.1 - EXHIBIT 99.1 - CITY NATIONAL CORPa2196738zex-99_1.htm
10-K - 10-K - CITY NATIONAL CORPa2196738z10-k.htm
EX-21 - EXHIBIT 21 - CITY NATIONAL CORPa2196738zex-21.htm
EX-23 - EXHIBIT 23 - CITY NATIONAL CORPa2196738zex-23.htm
EX-3.2 - EXHIBIT 3.2 - CITY NATIONAL CORPa2196738zex-3_2.htm
EX-3.1 - EXHIBIT 3.1 - CITY NATIONAL CORPa2196738zex-3_1.htm
EX-31.1 - EXHIBIT 31.1 - CITY NATIONAL CORPa2196738zex-31_1.htm
EX-99.2 - EXHIBIT 99.2 - CITY NATIONAL CORPa2196738zex-99_2.htm
EX-32.0 - EXHIBIT 32.0 - CITY NATIONAL CORPa2196738zex-32_0.htm
EX-31.2 - EXHIBIT 31.2 - CITY NATIONAL CORPa2196738zex-31_2.htm
EX-10.48 - EXHIBIT 10.48 - CITY NATIONAL CORPa2196738zex-10_48.htm
EX-10.34 - EXHIBIT 10.34 - CITY NATIONAL CORPa2196738zex-10_34.htm
EX-10.33 - EXHIBIT 10.33 - CITY NATIONAL CORPa2196738zex-10_33.htm
EX-10.16 - EXHIBIT 10.16 - CITY NATIONAL CORPa2196738zex-10_16.htm
EX-10.13 - EXHIBIT 10.13 - CITY NATIONAL CORPa2196738zex-10_13.htm
EX-10.12 - EXHIBIT 10.12 - CITY NATIONAL CORPa2196738zex-10_12.htm
EX-10.35 - EXHIBIT 10.35 - CITY NATIONAL CORPa2196738zex-10_35.htm
EX-10.37 - EXHIBIT 10.37 - CITY NATIONAL CORPa2196738zex-10_37.htm
EX-10.36 - EXHIBIT 10.36 - CITY NATIONAL CORPa2196738zex-10_36.htm

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Exhibit 12

Computation of Ratio of Earnings to Fixed Charges
and Preferred Stock Dividend Requirements
(in thousands, except ratios)

 
   Year Ended December 31,  
 
   2009   2008   2007   2006   2005  

Excluding interest on deposits

                                

Income before income taxes (1)

   $ 50,163   $ 157,739   $ 362,229   $ 372,844   $ 382,231  

Equity investee income

     (3,545 )   (3,633 )   (6,983 )   (5,647 )   (2,068 )

Equity investee distributions

     2,827     3,914     6,629     4,844     2,234  

Preferred dividends of consolidated subsidiaries

     (3,725 )   (3,145 )   (3,434 )   (3,407 )   (3,478 )

Fixed charges:

                                
 

Interest expense (2)

     24,319     62,958     72,416     63,700     32,712  
 

Interest within rental expense

     12,286     11,913     10,300     9,644     8,439  
 

Preferred dividends of consolidated subsidiaries

     3,725     3,145     3,434     3,407     3,478  
                       
     

Total fixed charges

   $ 40,330   $ 78,016   $ 86,150   $ 76,751   $ 44,629  
                       

Total earnings and fixed charges

   $ 86,050   $ 232,891   $ 444,591   $ 445,385   $ 423,548  
                       

Fixed charges, as above

    
40,330		  
$
78,016		  
$
86,150		  
$
76,751		  
$
44,629		  

Preferred stock dividends

     34,285     3,225     —     —     —  
                       

Fixed charges including preferred stock dividends

   $ 74,615   $ 81,241   $ 86,150   $ 76,751   $ 44,629  
                       

Ratio of earnings to fixed charges and preferred stock dividend requirements

    
1.15		    
2.87		    
5.16		    
5.80		    
9.49		  

Including interest on deposits

                                

Total earnings and fixed charges, as above

   $ 86,050   $ 232,891   $ 444,591   $ 445,385   $ 423,548  

Add: Interest on deposits

     60,429     122,990     214,680     159,024     76,045  
                       
   

Total earnings, fixed charges and interest on deposits

   $ 146,479   $ 355,881   $ 659,271   $ 604,409   $ 499,593  
                       

Fixed charges, including preferred stock dividends, as above

  
$
74,615		  
$
81,241		  
$
86,150		  
$
76,751		  
$
44,629		  

Add: Interest on deposits

     60,429     122,990     214,680     159,024     76,045  
                       
   

Total fixed charges including preferred stock dividends and interest on deposits

   $ 135,044   $ 204,231   $ 300,830   $ 235,775   $ 120,674  
                       

Ratio of earnings to fixed charges and preferred stock dividend requirements

    
1.08		    
1.74		    
2.19		    
2.56		    
4.14		  
(1)
Prior period amounts have been reclassified to conform to current period presentation.

(2)
Includes interest expense on uncertain tax positions.



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