LAKELAND BANCORP INC - FORM 10-K - EX-12.1 - STATEMENT OF RATIOS OF EARNINGS TO FIXED CHARGES - March 16, 2010

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10-K - FORM 10-K - LAKELAND BANCORP INCd10k.htm
EX-99.2 - CERTIFICATION OF CFO PURSUANT TO SECTION 111(B)(4) - LAKELAND BANCORP INCdex992.htm
EX-24.1 - POWER OF ATTORNEY - LAKELAND BANCORP INCdex241.htm
EX-32.1 - CERTIFICATION OF CEO & CFO PURSUANT TO SECTION 906 - LAKELAND BANCORP INCdex321.htm
EX-99.1 - CERTIFICATION OF CEO PURSUANT TO SECTION 111(B)(4) - LAKELAND BANCORP INCdex991.htm
EX-31.2 - CERTIFICATION OF CFO PURSUANT TO SECTION 302 - LAKELAND BANCORP INCdex312.htm
EX-21.1 - SUBSIDIARIES OF REGISTRANT - LAKELAND BANCORP INCdex211.htm
EX-31.1 - CERTIFICATION OF CEO PURSUANT TO SECTION 302 - LAKELAND BANCORP INCdex311.htm
EX-10.25 - CHANGE IN CONTROL AGREEMENT, DATED AS OF JUNE 12, 2009 - LAKELAND BANCORP INCdex1025.htm
EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - LAKELAND BANCORP INCdex231.htm

Exhibit 12.1

STATEMENT OF RATIOS OF EARNINGS TO FIXED CHARGES

Exhibit 12.1 Ratio of Earnings to Fixed Charges

 

      Year ended December 31,
     2009     2008    2007    2006    2005
     (Dollars in thousands)

Ratio of earnings to fixed charges

              

Earnings:

              

Income (Loss) from continuing operations before taxes

    $ (13,173 )    $ 22,389    $ 26,189    $ 24,437    $ 29,805

Fixed charges excluding deposits and preferred stock dividends:

      14,312        16,583      12,824      11,957      9,195
                                   

Subtotal

      1,139        38,972      39,013      36,394      39,000

Interest on deposits

      26,793        39,303      52,274      41,546      24,832
                                   

Total

    $ 27,932      $ 78,275    $ 91,287    $ 77,940    $ 63,832
                                   

Fixed charges:

              

Interest excluding deposits

    $ 13,650      $ 16,055    $ 12,376    $ 11,558    $ 8,800

Interest component on rentals1

      662        528      448      399      395

Preferred stock dividends

      3,194        —           
                                   

Subtotal

      17,506        16,583      12,824      11,957      9,195

Interest on deposits

      26,793        39,303      52,274      41,546      24,832
                                   

Total

    $ 44,299      $ 55,886    $ 65,098    $ 53,503    $ 34,027
                                   

Ratio of earnings to fixed charges:

              

Excluding interest on deposits

      0.07 2      2.35      3.04      3.04      4.24

Including interest on deposits

      0.63        1.40      1.40      1.46      1.88

 

1

Interest component on rentals estimated to be one-third of rentals

2

The dollar amount for the deficiency for the year ended 12/31/09 is $16.4 million.

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