Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - WEST BANCORPORATION INC | wtba12311010k.htm |
| EX-23 - EX-23 - WEST BANCORPORATION INC | ex2310k123110.htm |
| EX-21 - EX-21 - WEST BANCORPORATION INC | ex2110k123110.htm |
| EX-31.1 - EX-31.1 - WEST BANCORPORATION INC | ex31110k123110.htm |
| EX-99.1 - EX-99.1 - WEST BANCORPORATION INC | ex99110k123110.htm |
| EX-32.2 - EX-32.2 - WEST BANCORPORATION INC | ex32210k123110.htm |
| EX-99.2 - EX-99.2 - WEST BANCORPORATION INC | ex99210k123110.htm |
| EX-32.1 - EX-32.1 - WEST BANCORPORATION INC | ex32110k123110.htm |
| EX-31.2 - EX-31.2 - WEST BANCORPORATION INC | ex31210k123110.htm |
EXHIBIT 12
West Bancorporation, Inc. | ||||||||||||||||||||
Computation of Ratios of Earnings (Loss) to Fixed Charges and Preferred Dividends | ||||||||||||||||||||
Year Ended December 31 | ||||||||||||||||||||
(dollars in thousands) | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||
Excluding Interest on Deposits: | ||||||||||||||||||||
Fixed charges: | ||||||||||||||||||||
Interest expense | $ | 5,806 | $ | 7,088 | $ | 9,910 | $ | 13,672 | $ | 9,170 | ||||||||||
1/3 of net rent expense | 505 | 571 | 435 | 455 | 379 | |||||||||||||||
Total fixed charges | 6,311 | 7,659 | 10,345 | 14,127 | 9,549 | |||||||||||||||
Preferred dividend requirement | 1,800 | 1,800 | — | — | — | |||||||||||||||
Fixed charges and preferred dividends | $ | 8,111 | $ | 9,459 | $ | 10,345 | $ | 14,127 | $ | 9,549 | ||||||||||
Income (loss) before income taxes | $ | 18,713 | $ | (12,407 | ) | $ | 8,697 | $ | 26,414 | $ | 28,077 | |||||||||
Total fixed charges | 6,311 | 7,659 | 10,345 | 14,127 | 9,549 | |||||||||||||||
Earnings (loss) before income taxes | ||||||||||||||||||||
and fixed charges | $ | 25,024 | $ | (4,748 | ) | $ | 19,042 | $ | 40,541 | $ | 37,626 | |||||||||
Ratio of earnings (loss) before income taxes | ||||||||||||||||||||
and fixed charges to fixed charges | 3.97 | (0.62 | ) | 1.84 | 2.87 | 3.94 | ||||||||||||||
Ratio of earnings (loss) before income taxes | ||||||||||||||||||||
and fixed charges to fixed charges and | ||||||||||||||||||||
preferred dividends | 3.09 | (0.50 | ) | 1.84 | 2.87 | 3.94 | ||||||||||||||
Including Interest on Deposits: | ||||||||||||||||||||
Fixed charges: | ||||||||||||||||||||
Interest expense | $ | 19,023 | $ | 26,636 | $ | 31,431 | $ | 43,823 | $ | 40,639 | ||||||||||
1/3 of net rent expense | 505 | 571 | 435 | 455 | 379 | |||||||||||||||
Total fixed charges | 19,528 | 27,207 | 31,866 | 44,278 | 41,018 | |||||||||||||||
Preferred dividend requirement | 1,800 | 1,800 | — | — | — | |||||||||||||||
Fixed charges and preferred dividends | $ | 21,328 | $ | 29,007 | $ | 31,866 | $ | 44,278 | $ | 41,018 | ||||||||||
Income (loss) before income taxes | $ | 18,713 | $ | (12,407 | ) | $ | 8,697 | $ | 26,414 | $ | 28,077 | |||||||||
Total fixed charges | 19,528 | 27,207 | 31,866 | 44,278 | 41,018 | |||||||||||||||
Earnings (loss) before income taxes | ||||||||||||||||||||
and fixed charges | $ | 38,241 | $ | 14,800 | $ | 40,563 | $ | 70,692 | $ | 69,095 | ||||||||||
Ratio of earnings (loss) before income taxes | ||||||||||||||||||||
and fixed charges to fixed charges | 1.96 | 0.54 | 1.27 | 1.60 | 1.68 | |||||||||||||||
Ratio of earnings (loss) before income taxes | ||||||||||||||||||||
and fixed charges to fixed charges and | ||||||||||||||||||||
preferred dividends | 1.79 | 0.51 | 1.27 | 1.60 | 1.68 | |||||||||||||||