Attached files
file | filename |
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8-K - FORM 8-K - Ameris Bancorp | v461599_8k.htm |
EX-99.2 - EXHIBIT 99.2 - Ameris Bancorp | v461599_ex99-2.htm |
EX-99.1 - EXHIBIT 99.1 - Ameris Bancorp | v461599_ex99-1.htm |
EX-5.1 - EXHIBIT 5.1 - Ameris Bancorp | v461599_ex5-1.htm |
EX-4.2 - EXHIBIT 4.2 - Ameris Bancorp | v461599_ex4-2.htm |
EX-4.1 - EXHIBIT 4.1 - Ameris Bancorp | v461599_ex4-1.htm |
EX-1.1 - EXHIBIT 1.1 - Ameris Bancorp | v461599_ex1-1.htm |
Exhibit 12.1
Statement Regarding Computation of
PRO FORMA RATIO OF Earnings to
Fixed Charges and Preferred Stock Dividends
Year Ended December 31, 2016 (in thousands, except ratios) | ||||||||||||
Actual | Adjustments | Pro Forma(1) | ||||||||||
EARNINGS | ||||||||||||
Pre-tax income from continuing operations | 105,246 | (2,844 | ) | 102,402 | ||||||||
Fixed charges | 21,256 | 2,844 | 24,100 | |||||||||
Amortization of capitalized interest | — | — | — | |||||||||
Capitalized interest | — | — | — | |||||||||
Total earnings | 126,502 | — | 126,502 | |||||||||
Less: Interest on deposits | 12,410 | — | 12,410 | |||||||||
Total earnings exc. deposit int. | 114,092 | — | 114,092 | |||||||||
FIXED CHARGES | ||||||||||||
Interest expensed | 19,694 | 2,844 | 22,538 | |||||||||
Interest capitalized | — | — | — | |||||||||
Interest included in rental expense | 1,562 | — | 1,562 | |||||||||
Total fixed charges | 21,256 | 2,844 | 24,100 | |||||||||
Less: Interest on deposits | 12,410 | — | 12,410 | |||||||||
Total fixed charges exc. deposit int. | 8,846 | 2,844 | 11,690 | |||||||||
FIXED CHARGES AND PREFERRED STOCK DIVIDENDS | ||||||||||||
Interest expensed | 19,694 | 2,844 | 22,538 | |||||||||
Interest capitalized | — | — | — | |||||||||
Interest included in rental expense | 1,562 | — | 1,562 | |||||||||
Preferred stock dividends (pre-tax equivalent) | — | — | — | |||||||||
Total fixed charges and preferred stock dividends | 21,256 | 2,844 | 24,100 | |||||||||
Less: Interest on deposits | 12,410 | — | 12,410 | |||||||||
Total fixed charges and preferred dividends exc. deposit int. | 8,846 | 2,844 | 11,690 | |||||||||
RATIO OF EARNINGS TO FIXED CHARGES | ||||||||||||
Including interest on deposits | 5.95 | 5.25 | ||||||||||
Excluding interest on deposits | 12.90 | 9.76 | ||||||||||
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS | ||||||||||||
Including interest on deposits | 5.95 | 5.25 | ||||||||||
Excluding interest on deposits | 12.90 | 9.76 |
(1) | The ratios of earnings to fixed charges and of earnings to combined fixed charges and preferred stock dividends for the year ended December 31, 2016 have been adjusted on a pro forma basis to give effect to the offer and sale of $75,000,000 in aggregate principal amount of the Notes and the use of the net proceeds to repay the outstanding principal amount of the Company’s revolving credit agreement advances (totaling $38.85 million at December 31, 2016) as if both such events occurred on January 1, 2016. |