EX-12 2 ex1210k123110.htm EX-12 WebFilings | EDGAR view
 

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