EX-12.1 2 dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

EXHIBIT 12.1

 

Center Financial Corp.

Computation of Earnings to Fixed Charges and Preferred Stock Dividends

 

     For the Year ended December 31,  
     2010      2009     2008     2007      2006  
     (Dollars in thousands)  

Income (loss) before tax provision (benefit)

   $ 23,999       $ (48,336   $ (1,427   $ 35,589       $ 42,643   

Interest expense excluding deposits

     7,281         7,649        10,481        12,791         5,916   

Interest expense including deposits

     27,893         42,584        56,607        66,986         53,319   

Preferred stock dividends and discount accretion

     2,988         2,954        155        —           —     

Fixed Charges and Preferred Stock Dividends and Accretion, excluding interest on deposits

     10,269         10,603        10,636        12,791         5,916   

Fixed Charges and Preferred Stock Dividends and Accretion, including interest on deposits

     30,881         45,538        56,762        66,986         53,319   

Total earnings excluding interest on deposits

     34,268         (37,733     10,654        48,380         48,559   

Total earnings including interest on deposits

     54,880         (2,798     56,780        102,575         95,962   

Ratio of Earnings to Fixed Charges and Preferred Stock Dividends and Accretion

            

Excluding interest on deposits

     3.34         (3.56     1.00        3.78         8.21   

Including interest on deposits

     1.78         (0.06     1.00        1.53         1.80