FIRST REPUBLIC PREFERRED CAPITAL CORP - FORM 10-K - EX-12 - STATEMENT REGARDING CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES. - March 11, 2010

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10-K - FORM 10-K - FIRST REPUBLIC PREFERRED CAPITAL CORPd10k.htm
EX-32.1 - CERTIFICATION PURSUANT TO SECTION 906. - FIRST REPUBLIC PREFERRED CAPITAL CORPdex321.htm
EX-32.2 - CERTIFICATION PURSUANT TO SECTION 906. - FIRST REPUBLIC PREFERRED CAPITAL CORPdex322.htm
EX-31.2 - CERTIFICATION PURSUANT TO SECTION 302. - FIRST REPUBLIC PREFERRED CAPITAL CORPdex312.htm
EX-31.1 - CERTIFICATION PURSUANT TO SECTION 302. - FIRST REPUBLIC PREFERRED CAPITAL CORPdex311.htm

EXHIBIT 12

FIRST REPUBLIC PREFERRED CAPITAL CORPORATION

(A Wholly Owned Subsidiary of Bank of America, N.A.)

STATEMENT OF COMPUTATION OF

RATIOS OF EARNINGS TO FIXED CHARGES

 

          For the Year Ended
          December 31,
2009		    December 26,
2008		    December 28,
2007		    December 31,
($ in thousands)             2006    2005

I.

   

Earnings:

               
  

Net income

    $ 13,887    $ 15,881    $ 19,410    $ 18,456    $ 16,176
  

Fixed charges excluding preferred stock dividends

      —      —      —      —      —
                                     
  

Earnings before fixed charges

    $ 13,887    $ 15,881    $ 19,410    $ 18,456    $ 16,176
                                     

II.

   

Fixed charges:

               
  

Preferred stock dividends

    $ 10,181    $ 10,125    $ 13,540    $ 14,252    $ 14,252
                                     

III.

   

Ratios of earnings to fixed charges

      1.36x      1.57x      1.43x      1.30x      1.13x
                                     

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