Attached files
file | filename |
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10-K - FORM 10-K - SANTANDER BANCORP | g22373e10vk.htm |
EX-31.1 - EX-31.1 - SANTANDER BANCORP | g22373exv31w1.htm |
EX-32.1 - EX-32.1 - SANTANDER BANCORP | g22373exv32w1.htm |
EX-31.2 - EX-31.2 - SANTANDER BANCORP | g22373exv31w2.htm |
EX-21 - EX-21 - SANTANDER BANCORP | g22373exv21.htm |
Exhibit 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||
Income before Taxes & Cumulative
Effect of Change In Accounting Principle |
$ | 52,610 | $ | 4,007 | $ | (32,041 | ) | $ | 65,709 | $ | 110,594 | |||||||||
Plus: Fixed
Charges Interest expense |
||||||||||||||||||||
Deposits |
79,473 | 152,452 | 191,415 | 173,380 | 122,212 | |||||||||||||||
Other |
50,958 | 91,997 | 171,116 | 154,334 | 90,371 | |||||||||||||||
Total |
130,431 | 244,449 | 362,531 | 327,714 | 212,583 | |||||||||||||||
Rent Expense |
5,186 | 4,523 | 3,574 | 3,423 | 2,309 | |||||||||||||||
Total Fixed Charges |
135,617 | 248,972 | 366,105 | 331,137 | 214,892 | |||||||||||||||
Earnings |
$ | 188,227 | $ | 252,979 | $ | 334,064 | $ | 396,846 | $ | 325,486 | ||||||||||
Ratio of Earnings to fixed charges |
||||||||||||||||||||
Including interest on deposits |
1.39 | x | 1.02 | x | 0.91 | x | 1.20 | x | 1.51 | x | ||||||||||
Excluding interest on deposits |
1.94 | x | 1.04 | x | 0.82 | x | 1.42 | x | 2.19 | x | ||||||||||
Fixed charges |
135,617 | 248,972 | 366,105 | 331,137 | 214,892 | |||||||||||||||
Earnings to fixed charges and
preferred stock dividend |
||||||||||||||||||||
Including interest on deposits |
1.39 | x | 1.02 | x | 0.91 | x | 1.20 | x | 1.51 | x | ||||||||||
Excluding interest on deposits |
1.94 | x | 1.04 | x | 0.82 | x | 1.42 | x | 2.19 | x |