Attached files
file | filename |
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10-K - FORM 10-K - BANCORP RHODE ISLAND INC | c97905e10vk.htm |
EX-23 - EXHIBIT 23 - BANCORP RHODE ISLAND INC | c97905exv23.htm |
EX-21 - EXHIBIT 21 - BANCORP RHODE ISLAND INC | c97905exv21.htm |
EX-12.1 - EXHIBIT 12.1 - BANCORP RHODE ISLAND INC | c97905exv12w1.htm |
EX-31.1 - EXHIBIT 31.1 - BANCORP RHODE ISLAND INC | c97905exv31w1.htm |
EX-32.2 - EXHIBIT 32.2 - BANCORP RHODE ISLAND INC | c97905exv32w2.htm |
EX-32.1 - EXHIBIT 32.1 - BANCORP RHODE ISLAND INC | c97905exv32w1.htm |
EX-31.2 - EXHIBIT 31.2 - BANCORP RHODE ISLAND INC | c97905exv31w2.htm |
Exhibit 12.2
Bancorp Rhode Island, Inc.
Computation of Earnings to Fixed Charges and Preferred Stock Dividends
(In Thousands)
Computation of Earnings to Fixed Charges and Preferred Stock Dividends
(In Thousands)
Years Ended December 31, | ||||||||||||||||||||
2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||
Ratio 1: including deposit interest |
||||||||||||||||||||
Earnings: |
||||||||||||||||||||
Income before income taxes |
$ | 8,041 | $ | 13,571 | $ | 13,304 | $ | 11,287 | $ | 14,409 | ||||||||||
Fixed charges |
28,797 | 35,465 | 45,312 | 39,480 | 27,060 | |||||||||||||||
Total |
36,838 | 49,036 | 58,616 | 50,767 | 41,469 | |||||||||||||||
Fixed charges: |
||||||||||||||||||||
Interest-bearing demand |
60 | 162 | 391 | 356 | 590 | |||||||||||||||
Money market accounts |
367 | 69 | 135 | 161 | 235 | |||||||||||||||
Savings accounts |
3,380 | 7,042 | 11,028 | 7,929 | 4,734 | |||||||||||||||
Certificate of deposit accounts |
11,061 | 14,306 | 17,676 | 14,030 | 8,962 | |||||||||||||||
Other borrowings |
11,357 | 12,402 | 14,087 | 15,038 | 10,826 | |||||||||||||||
Subordinated debentures |
730 | 949 | 1,509 | 1,460 | 1,272 | |||||||||||||||
Portion of rents representative of the
interest factor (1/3) of rental expense |
470 | 458 | 486 | 506 | 441 | |||||||||||||||
Preferred stock dividend requirements |
1,372 | 77 | | | | |||||||||||||||
Total fixed charges and preferred stock dividends |
$ | 28,797 | $ | 35,465 | $ | 45,312 | $ | 39,480 | $ | 27,060 | ||||||||||
Ratio of earnings to fixed charges and
preferred stock dividends (times) |
1.28 | 1.38 | 1.29 | 1.29 | 1.53 | |||||||||||||||
Ratio 2: excluding deposit interest |
||||||||||||||||||||
Earnings: |
||||||||||||||||||||
Income before income taxes |
$ | 8,041 | $ | 13,571 | $ | 13,304 | $ | 11,287 | $ | 14,409 | ||||||||||
Fixed charges |
13,929 | 13,886 | 16,082 | 17,004 | 12,539 | |||||||||||||||
Total |
21,970 | 27,457 | 29,386 | 28,291 | 26,948 | |||||||||||||||
Fixed charges: |
||||||||||||||||||||
Other borrowings |
11,357 | 12,402 | 14,087 | 15,038 | 10,826 | |||||||||||||||
Subordinated debentures |
730 | 949 | 1,509 | 1,460 | 1,272 | |||||||||||||||
Portion of rents representative of the
interest factor (1/3) of rental expense |
470 | 458 | 486 | 506 | 441 | |||||||||||||||
Preferred stock dividend requirements |
1,372 | 77 | | | | |||||||||||||||
Total fixed charges |
$ | 13,929 | $ | 13,886 | $ | 16,082 | $ | 17,004 | $ | 12,539 | ||||||||||
Ratio of earnings to fixed charges and
preferred stock dividends (times) |
1.58 | 1.98 | 1.83 | 1.66 | 2.15 | |||||||||||||||