Attached files
Exhibit 12
Ratio of Earnings to Fixed Charges
The following table shows the ratio of earnings to fixed charges for the Company, on a consolidated basis.
For the Year Ended December 31, | ||||||||||||||||||||||||
2010 | 2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||||||||||
Consolidated ratios of earnings to fixed charges |
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Excluding interest on deposits |
2.94 | (12.60 | ) | 4.20 | 5.40 | 6.48 | 9.02 | |||||||||||||||||
Including interest on deposits |
1.36 | (0.89 | ) | 1.48 | 1.47 | 1.91 | 2.47 |
The ratio of earnings to fixed charges is calculated as net income before income taxes plus fixed charges minus interest capitalized.
Fixed charges, excluding interest on deposits, consist of:
| Contractual interest on short-term borrowing and long-term debt, |
| Amortization of debt issuance costs, |
| Capitalized interest, and |
| Amortization of fair value of adjustments for instruments assumed in purchase business combinations. |
Fixed charges, including interest on deposits, consist of all of the items listed immediately above and interest on deposits.