DIME COMMUNITY BANCSHARES INC - FORM 10-Q - EX-12.1 - EXHIBIT 12.1 - May 9, 2016

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EX-31.2 - EXHIBIT 31.2 - DIME COMMUNITY BANCSHARES INCex31_2.htm
EX-32.2 - EXHIBIT 32.2 - DIME COMMUNITY BANCSHARES INCex32_2.htm
EX-32.1 - EXHIBIT 32.1 - DIME COMMUNITY BANCSHARES INCex32_1.htm
EX-31.1 - EXHIBIT 31.1 - DIME COMMUNITY BANCSHARES INCex31_1.htm
10-Q - DIME COMMUNITY BANCSHARES, INC 10-Q 3-31-2016 - DIME COMMUNITY BANCSHARES INCform10q.htm
EXHIBIT 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(in thousands, except ratio of earnings to fixed charges)
 
The following table sets forth our consolidated ratios of earnings to fixed charges and preferred stock dividends for the periods shown. For purposes of computing the ratios, earnings represent income before taxes, extraordinary items and the cumulative effect of accounting changes, plus fixed charges. Fixed charges represent total interest expense plus an estimate of the interest within rental expense, including and excluding interest on deposits. Currently, the Company has no shares of preferred stock outstanding and have not paid any dividends on preferred stock in the periods shown. Therefore, the ratio of earnings to combined fixed charges and preferred stock dividends is not different from the ratio of earnings to fixed charges.
 
   
Three Months Ended
    
   
March 31, 2016
      
March 31, 2015
    
Ratio of Earnings to Fixed Charges (Including Deposits)
                
Earnings:
                
Income before income taxes
  
$
86,524
      
$
19,703
    
Add:  Fixed charges, net
    
12,221
        
13,017
    
Income before income taxes and fixed charges, net
    
98,745
        
32,720
    
Fixed charges
                    
Interest expense
  
$
11,880
      
$
12,718
    
One-third of rental expense
    
341
        
299
    
Interest on unrecognized tax benefits
    
0
        
0
    
Total fixed charges
  
$
12,221
      
$
13,017
    
Ratio of Earnings to Fixed Charges
    
8.08
  
x
    
2.51
  
x
                     
Ratio of Earnings to Fixed Charges (Excluding Deposits)
                    
Earnings:
                    
Income before income taxes
  
$
86,524
      
$
19,703
    
Add:  Fixed charges, net
    
5,427
        
7,797
    
Income before income taxes and fixed charges, net
    
91,951
        
27,500
    
Fixed charges
                    
Interest expense (excluding deposits)
    
5,086
        
7,498
    
One-third of rental expense
    
341
        
299
    
Interest on unrecognized tax benefits
    
-
        
-
    
Total fixed charges
  
$
5,427
      
$
7,797
    
Ratio of Earnings to Fixed Charges
    
16.94
  
x
    
3.53
  
x
 
 

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