Attached files
| file | filename |
|---|---|
| EX-5.1 - EX-5.1 - CIVISTA BANCSHARES, INC. | d355813dex51.htm |
| EX-4.2 - EX-4.2 - CIVISTA BANCSHARES, INC. | d355813dex42.htm |
| EX-24.1 - EX-24.1 - CIVISTA BANCSHARES, INC. | d355813dex241.htm |
| EX-23.1 - EX-23.1 - CIVISTA BANCSHARES, INC. | d355813dex231.htm |
| S-1 - FORM S-1 - CIVISTA BANCSHARES, INC. | d355813ds1.htm |
Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges and Preferred Dividends
The following table sets forth our consolidated ratios of earnings to fixed charges and preferred share dividends for the periods shown. For the purpose of computing the ratios, earnings represent the sum of income before income taxes plus fixed charges and preferred share dividend requirements. Fixed charges represent total interest expense, including interest of deposits, FHLB advances, subordinated debentures, repurchase agreements, notes payable and other interest expense. Preferred share dividend requirements represent the amount of pre-tax income required to pay the dividends on preferred shares. The Company had no preferred shares outstanding before the Series A Preferred Shares issuance in January 2009.
| For the Three
Months Ended March 31, |
For the Year Ended December 31, | |||||||||||||||||||||||||||
| 2012 | 2011 | 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||||||||
| Earnings before income taxes |
$ | 1,691 | $ | 852 | $ | 4,805 | $ | (3,099 | ) | $ | 1,418 | $ | (37,609 | ) | $ | 9,898 | ||||||||||||
| Fixed charges: |
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| Interest expense of deposits |
1,063 | 1,423 | 5,091 | 7,183 | 10,535 | 15,376 | 14,058 | |||||||||||||||||||||
| Interest expense of FHLB advances |
393 | 412 | 1,606 | 2,394 | 2,848 | 3,131 | 3,188 | |||||||||||||||||||||
| Interest expense of subordinated debentures |
212 | 195 | 770 | 817 | 1,295 | 1,748 | 1,791 | |||||||||||||||||||||
| Interest expense of repurchase agreements |
5 | 11 | 33 | 70 | 132 | 548 | 941 | |||||||||||||||||||||
| Interest expense of notes payable |
— | — | — | — | 108 | 947 | 318 | |||||||||||||||||||||
| Interest expense of other |
— | 1 | — | — | — | 30 | 75 | |||||||||||||||||||||
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| Total fixed charges |
1,673 | 2,042 | 7,500 | 10,464 | 14,918 | 21,780 | 20,371 | |||||||||||||||||||||
| Preferred dividends |
290 | 290 | 1,159 | 1,159 | 940 | — | — | |||||||||||||||||||||
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| Earnings |
$ | 3,654 | $ | 3,184 | $ | 13,464 | $ | 8,524 | $ | 17,276 | $ | (15,829 | ) | $ | 30,269 | |||||||||||||
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| Ratio of earnings to fixed charges and preferred dividends: |
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| Including interest on deposits |
1.86 | x | 1.37 | x | 1.55 | x | 0.73 | x | 1.09 | x | (0.73 | ) x | 1.49 | x | ||||||||||||||
| Excluding interest on deposits |
2.88 | x | 1.94 | x | 2.35 | x | 0.30 | x | 1.27 | x | (4.87 | ) x | 2.57 | x | ||||||||||||||