Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - National Commerce Corp | ncom20160518_8k.htm |
| EX-1.1 - EXHIBIT 1.1 - National Commerce Corp | ex1-1.htm |
| EX-4.1 - EXHIBIT 4.1 - National Commerce Corp | ex4-1.htm |
| EX-4.2 - EXHIBIT 4.2 - National Commerce Corp | ex4-2.htm |
| EX-5.1 - EXHIBIT 5.1 - National Commerce Corp | ex5-1.htm |
Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
|
March 31, |
For the year ended December 31, |
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|
(Dollars in thousands) |
2016 |
2015 |
2014 |
2013 |
2012 |
2011 |
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|
INCLUDING INTEREST ON DEPOSITS |
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|
Earnings |
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|
Net income before income taxes and noncontrolling interest |
$ | 6,202 | $ | 17,150 | $ | 9,074 | $ | 6,316 | $ | 3,128 | $ | 711 | ||||||||||||
|
Plus: Total fixed charges (see below) |
1,650 | 4,796 | 2,869 | 2,613 | 3,280 | 3,560 | ||||||||||||||||||
|
Less: Net earnings attributable to noncontrolling interest |
340 | 2,069 | 512 | - | - | - | ||||||||||||||||||
|
Less: Preferred stock dividends |
- | - | - | - | - | - | ||||||||||||||||||
|
Total earnings |
$ | 7,512 | $ | 19,877 | $ | 11,431 | $ | 8,929 | $ | 6,408 | $ | 4,271 | ||||||||||||
|
Fixed Charges |
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|
Total interest expense |
$ | 1,650 | $ | 4,796 | $ | 2,869 | $ | 2,613 | $ | 3,280 | $ | 3,560 | ||||||||||||
|
Interest included in operating lease rental expense |
- | - | - | - | - | - | ||||||||||||||||||
|
Total Fixed Charges |
1,650 | 4,796 | 2,869 | 2,613 | 3,280 | 3,560 | ||||||||||||||||||
|
Preferred stock dividends |
- | - | - | - | - | - | ||||||||||||||||||
|
Total Fixed Charges and Preferred Stock Dividends |
$ | 1,650 | $ | 4,796 | $ | 2,869 | $ | 2,613 | $ | 3,280 | $ | 3,560 | ||||||||||||
|
Ratio of Earnings to Fixed Charges |
4.55 | 4.14 | 3.98 | 3.42 | 1.95 | 1.20 | ||||||||||||||||||
|
Ratio of Earnings to Fixed Charges and Preferred Stock Dividends |
4.55 | 4.14 | 3.98 | 3.42 | 1.95 | 1.20 | ||||||||||||||||||
|
EXCLUDING INTEREST ON DEPOSITS |
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|
Earnings |
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|
Net income before income taxes and noncontrolling interest |
$ | 6,202 | $ | 17,150 | $ | 9,074 | $ | 6,316 | $ | 3,128 | $ | 711 | ||||||||||||
|
Plus: Total fixed charges (see below) |
81 | 442 | 442 | 511 | 778 | 792 | ||||||||||||||||||
|
Less: Net earnings attributable to noncontrolling interest |
340 | 2,069 | 512 | - | - | - | ||||||||||||||||||
|
Less: Preferred stock dividends |
- | - | - | - | - | - | ||||||||||||||||||
|
Total earnings |
$ | 5,943 | $ | 15,523 | $ | 9,004 | $ | 6,827 | $ | 3,906 | $ | 1,503 | ||||||||||||
|
Fixed Charges |
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|
Total interest expense |
$ | 1,650 | $ | 4,796 | $ | 2,869 | $ | 2,613 | $ | 3,280 | $ | 3,560 | ||||||||||||
|
Interest included in operating lease rental expense |
- | - | - | - | - | - | ||||||||||||||||||
|
Less: Interest expense on deposits |
1,569 | 4,354 | 2,427 | 2,102 | 2,502 | 2,768 | ||||||||||||||||||
|
Total Fixed Charges (excluding interest on deposits) |
81 | 442 | 442 | 511 | 778 | 792 | ||||||||||||||||||
|
Preferred stock dividends |
- | - | - | - | - | - | ||||||||||||||||||
|
Total Fixed Charges and Preferred Stock Dividends (excluding interest on deposits) |
$ | 81 | $ | 442 | $ | 442 | $ | 511 | $ | 778 | $ | 792 | ||||||||||||
|
Ratio of Earnings to Fixed Charges |
73.37 | 35.12 | 20.37 | 13.36 | 5.02 | 1.90 | ||||||||||||||||||
|
Ratio of Earnings to Fixed Charges and Preferred Stock Dividends |
73.37 | 35.12 | 20.37 | 13.36 | 5.02 | 1.90 | ||||||||||||||||||