Attached files
Exhibit 12.0
PFGI Capital Corporation
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
For the Year Ended December 31, | |||||||||||||||
(Dollars in Thousands) |
2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||
Income before income tax expense |
$ | 6,211 | $ | 17,360 | $ | 19,958 | $ | 19,186 | $ | 18,894 | |||||
Fixed charges |
7,654 | 7,654 | 7,654 | 7,654 | 10,333 | ||||||||||
Total income for computation |
13,865 | 25,014 | 27,612 | 26,840 | 29,227 | ||||||||||
Total fixed charges |
7,654 | 7,654 | 7,654 | 7,654 | 10,333 | ||||||||||
Ratio of Earnings to fixed charges |
1.81x | 3.27x | 3.61x | 3.51x | 2.83x | ||||||||||
Components of Fixed Charges |
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Preferred stock dividends |
7,654 | 7,654 | 7,654 | 7,654 | 10,333 |