Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - WEST BANCORPORATION INC | form10-k.htm |
| EX-23 - EXHIBIT 23 - WEST BANCORPORATION INC | ex23.htm |
| EX-21 - EXHIBIT 21 - WEST BANCORPORATION INC | ex21.htm |
| EX-31.1 - EXHIBIT 31.1 - WEST BANCORPORATION INC | ex31-1.htm |
| EX-32.1 - EXHIBIT 32.1 - WEST BANCORPORATION INC | ex32-1.htm |
| EX-99.1 - EXHIBIT 99.1 - WEST BANCORPORATION INC | ex99-1.htm |
| EX-99.2 - EXHIBIT 99.2 - WEST BANCORPORATION INC | ex99-2.htm |
| EX-32.2 - EXHIBIT 32.2 - WEST BANCORPORATION INC | ex32-2.htm |
| EX-31.2 - EXHIBIT 31.2 - WEST BANCORPORATION INC | ex31-2.htm |
Exhibit 12
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West Bancorporation, Inc.
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Ratios of Earnings (Loss) to Fixed Charges and Preferred Dividends
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Year Ended December 31
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(dollars in thousands)
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2009
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2008
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2007
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2006
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2005
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Excluding Interest on Deposits:
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Income (loss) before income taxes
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$ | (12,407 | ) | $ | 8,697 | $ | 26,414 | $ | 28,077 | $ | 28,806 | |||||||||
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Fixed charges:
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Interest expense
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7,088 | 9,910 | 13,672 | 9,170 | 9,101 | |||||||||||||||
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1/3 of net rent expense
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571 | 435 | 455 | 379 | 295 | |||||||||||||||
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Total fixed charges
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7,659 | 10,345 | 14,127 | 9,549 | 9,396 | |||||||||||||||
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Preferred dividend requirement
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1,800 | - | - | - | - | |||||||||||||||
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Fixed charges and preferred dividends
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$ | 9,459 | $ | 10,345 | $ | 14,127 | $ | 9,549 | $ | 9,396 | ||||||||||
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Earnings (loss)
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$ | (4,748 | ) | $ | 19,042 | $ | 40,541 | $ | 37,626 | $ | 38,202 | |||||||||
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Ratio of earnings (loss) to fixed charges
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(0.62 | ) | 1.84 | 2.87 | 3.94 | 4.07 | ||||||||||||||
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Ratio of earnings (loss) to fixed charges and preferred dividends
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(0.50 | ) | 1.84 | 2.87 | 3.94 | 4.07 | ||||||||||||||
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Including Interest on Deposits:
|
||||||||||||||||||||
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Income (loss) before income taxes
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$ | (12,407 | ) | $ | 8,697 | $ | 26,414 | $ | 28,077 | $ | 28,806 | |||||||||
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Fixed charges:
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Interest expense
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26,636 | 31,431 | 43,823 | 40,639 | 25,042 | |||||||||||||||
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1/3 of net rent expense
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571 | 435 | 455 | 379 | 295 | |||||||||||||||
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Total fixed charges
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27,207 | 31,866 | 44,278 | 41,018 | 25,337 | |||||||||||||||
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Preferred dividend requirement
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1,800 | - | - | - | - | |||||||||||||||
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Fixed charges and preferred dividends
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$ | 29,007 | $ | 31,866 | $ | 44,278 | $ | 41,018 | $ | 25,337 | ||||||||||
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Earnings
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$ | 14,800 | $ | 40,563 | $ | 70,692 | $ | 69,095 | $ | 54,143 | ||||||||||
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Ratio of earnings to fixed charges
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0.54 | 1.27 | 1.60 | 1.68 | 2.14 | |||||||||||||||
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Ratio of earnings to fixed charges and preferred dividends
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0.51 | 1.27 | 1.60 | 1.68 | 2.14 | |||||||||||||||
23