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September 30,
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2012
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2011
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2010
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2009
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2008 (1)
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2007
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Pre tax income
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17,559 | 13,229 | 7,754 | 6,350 | (63,272 | ) | 23,678 | |||||||||||||||||
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Total fixed charges
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9,503 | 12,852 | 15,195 | 16,691 | 41,113 | 54,158 | ||||||||||||||||||
| 27,062 | 26,081 | 22,949 | 23,041 | (22,159 | ) | 77,836 | ||||||||||||||||||
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Interest expense
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8,831 | 12,036 | 14,539 | 16,050 | 40,632 | 53,868 | ||||||||||||||||||
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Interest on other liabilities
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- | - | - | - | - | - | ||||||||||||||||||
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Amortization of subordinated debt origination expense
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- | - | - | - | - | - | ||||||||||||||||||
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Estimated interest portion of rent expense (1)
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672 | 816 | 656 | 641 | 481 | 290 | ||||||||||||||||||
| 9,503 | 12,852 | 15,195 | 16,691 | 41,113 | 54,158 | |||||||||||||||||||
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Preferred stock dividends on a tax equivalent basis
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- | - | 656 | 3,426 | 373 | 68 | ||||||||||||||||||
| 9,503 | 12,852 | 15,851 | 20,117 | 41,486 | 54,226 | |||||||||||||||||||
| 27,062 | 26,081 | 22,949 | 23,041 | (22,159 | ) | 77,836 | ||||||||||||||||||
| 9,503 | 12,852 | 15,851 | 20,117 | 41,486 | 54,226 | |||||||||||||||||||
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Earnings to combined fixed charges and preferred
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| stock dividend requirements including interest on | ||||||||||||||||||||||||
| deposits | 2.85 | 2.03 | 1.45 | 1.15 |
nm
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1.44 | ||||||||||||||||||
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Ratio of earnings to fixed charges
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2.85 | 2.03 | 1.51 | 1.38 |
nm
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1.44 | ||||||||||||||||||
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(1) The coverage deficiency was $63.3 million for the year ended December 31, 2008.
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(2) Estimated to be 33% of rent expense paid.
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