EX-12 5 exhibit12.txt EXHIBIT 12 EXHIBIT 12 ---------- PEOPLES BANCORP INC. ANNUAL REPORT ON FORM 10-K FOR FISCAL YEAR ENDED DECEMBER 31, 2003 COMPUTATION OF RATIOS RETURN ON AVERAGE ASSETS Net income/Average assets RETURN ON AVERAGE STOCKHOLDERS' Net income/Average stockholders' equity EQUITY NET INTEREST MARGIN Fully tax equivalent net interest income/Average earning assets NON-INTEREST INCOME LEVERAGE RATIO (Other Income less gains on securities transactions and asset disposals)/(Other expense less intangible amortization) EFFICIENCY RATIO (Other expense less intangible amortization)/(Fully tax equivalent net interest income plus non-interest income) AVERAGE STOCKHOLDERS' EQUITY Average stockholders'equity/Average assets TO AVERAGE ASSETS AVERAGE LOANS TO AVERAGE DEPOSITS Average gross loans/Average deposits TIER 1 CAPITAL RATIO Stockholders' equity less intangible assets and securities mark-to-market capital reserve ("Tier 1 Capital")/Risk adjusted assets TOTAL RISK-BASED CAPITAL RATIO Tier 1 Capital plus allowance for loan losses/Risk adjusted assets TIER 1 LEVERAGE RATIO Tier 1 Capital /Quarterly average assets DIVIDEND PAYOUT RATIO Dividends declared/Net income BOOK VALUE PER SHARE Total stockholders' equity/Common shares outstanding at year-end TANGIBLE BOOK VALUE PER SHARE (Total stockholders' equity less goodwill and other intangible assets)/Common shares outstanding at fiscal year-end