Attached files
| file | filename |
|---|---|
| EX-23 - EX-23 - CVB FINANCIAL CORP | v58799exv23.htm |
| EX-32.1 - EX-32.1 - CVB FINANCIAL CORP | v58799exv32w1.htm |
| EX-32.2 - EX-32.2 - CVB FINANCIAL CORP | v58799exv32w2.htm |
| EX-31.2 - EX-31.2 - CVB FINANCIAL CORP | v58799exv31w2.htm |
| EX-31.1 - EX-31.1 - CVB FINANCIAL CORP | v58799exv31w1.htm |
| 10-K - FORM 10-K - CVB FINANCIAL CORP | v58799e10vk.htm |
| EX-10.13 - EXHIBIT 10.13 - CVB FINANCIAL CORP | v58799exv10w13.htm |
Exhibit 12
CVB Financial Corp.
Computation of Ratio of Earnings to Fixed Charges and Preferred Stock Dividends
Computation of Ratio of Earnings to Fixed Charges and Preferred Stock Dividends
| For the Year ended December 31, | ||||||||||||||||||||
| 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
Earnings excluding interest on deposits (1): |
||||||||||||||||||||
Earnings Before Taxes |
$ | 86,739 | $ | 89,249 | $ | 85,748 | $ | 83,063 | $ | 103,061 | ||||||||||
Fixed Charges |
41,946 | 65.510 | 104,869 | 112,395 | 81,763 | |||||||||||||||
| $ | 128,685 | $ | 154,759 | $ | 190,617 | $ | 195,458 | $ | 184,824 | |||||||||||
Preferred Dividends (2): |
$ | — | $ | 5,827 | $ | 774 | $ | — | $ | — | ||||||||||
Fixed charges (1): |
||||||||||||||||||||
Interest on borrowings |
$ | 39,719 | $ | 63,539 | $ | 103,038 | $ | 110,838 | $ | 80,284 | ||||||||||
Amortization of debt expense |
— | — | 120 | 120 | 120 | |||||||||||||||
Interest portion of rental expense |
2,227 | 1,971 | 1,711 | 1,437 | 1,359 | |||||||||||||||
| $ | 41,946 | $ | 65,510 | $ | 104,869 | $ | 112,395 | $ | 81,763 | |||||||||||
Ratio of earnings to fixed charges |
3.07 | 2.36 | 1.82 | 1.74 | 2.26 | |||||||||||||||
Ratio of earnings to fixed charges and preferred dividends |
3.07 | 2.27 | 1.81 | 1.74 | 2.26 | |||||||||||||||
Earnings Including interest on deposits (1): |
||||||||||||||||||||
Earnings Before Taxes |
86,739 | 89,249 | 85,748 | 83,063 | 103,061 | |||||||||||||||
Fixed Charges |
60,199 | 90,466 | 140,670 | 181,692 | 148,943 | |||||||||||||||
| $ | 146,938 | $ | 179,715 | $ | 226,418 | $ | 264,755 | $ | 252,004 | |||||||||||
Preferred Dividends (2): |
$ | — | $ | 5,827 | $ | 774 | $ | — | $ | — | ||||||||||
Fixed charges (1): |
||||||||||||||||||||
Interest on deposits |
$ | 18,253 | $ | 24,956 | $ | 35,801 | $ | 69,297 | $ | 67,180 | ||||||||||
Interest on borrowings |
39,719 | 63,539 | 103,038 | 110,838 | 80,284 | |||||||||||||||
Amortization of debt expense |
— | — | 120 | 120 | 120 | |||||||||||||||
Interest portion of rental expense |
2,227 | 1,971 | 1,711 | 1,437 | 1,359 | |||||||||||||||
| $ | 60,199 | $ | 90,466 | $ | 140,670 | $ | 181,692 | $ | 148,943 | |||||||||||
Ratio of earnings to fixed charges |
2.44 | 1.99 | 1.61 | 1.46 | 1.69 | |||||||||||||||
Ratio of earnings to fixed charges and preferred dividends |
2.44 | 1.92 | 1.60 | 1.46 | 1.69 | |||||||||||||||
| (1) | As defined In Item 503(d) of Regulation S-K. | |
| (2) | The prefered dividends were increased to amounts representing the pretax earnings that would be required to cover such dividend requirements. |