EX-12 8 exhibit12.htm STATEMENTS OF COMPUTATION OF RATIOS exhibit12.htm

EXHIBIT 12

PEOPLES BANCORP INC. ANNUAL REPORT ON FORM 10-K
FOR FISCAL YEAR ENDED DECEMBER 31, 2010

STATEMENTS REGARDING COMPUTATION OF CONSOLIDATED RATIOS OF
EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
APPEARING IN ANNUAL REPORT ON FORM 10-K


 
Year Ended December 31,
(Dollars in thousands)
2010
2009
2008
Excluding Interest on Deposits:
      
       
Earnings:
      
Income before income taxes
 $          5,754
 $      3,126
 $          7,615
Fixed charges (excluding preferred stock dividends)
10,616
14,439
16,684
  Total earnings
           16,370
       17,565
           24,299
Fixed charges:
      
  Interest expense (excluding deposit interest)
10,311
14,139
16,438
  Rent expense interest factor (1)
306
300
246
  Preferred stock dividends (2)
             2,052
         1,877
                 –
    Total fixed charges (excluding deposit interest)
12,669
16,316
16,684
       
   Ratio of Earnings to Fixed Charges,
    
      Excluding Interest on Deposits
               1.29
           1.08
               1.46
       
Including Interest on Deposits:
      
Earnings:
      
Income before income taxes
 $          5,754
 $      3,126
 $          7,615
Fixed charges (excluding preferred stock dividends)
29,739
40,563
47,994
  Total earnings
35,493
43,689
55,609
       
Fixed charges:
      
  Interest expense (including deposit interest)
29,433
40,262
47,748
  Rent expense interest factor (1)
306
300
246
  Preferred stock dividends (2)
             2,052
         1,877
                 –
    Total fixed charges (including deposit interest)
31,791
42,439
47,994
       
   Ratio of Earnings to Fixed Charges,
    
     Including Interest on Deposits
               1.12
           1.03
               1.16
 
(1)
Represents one-third of gross rental expense, which management believes is representative of the interest factor.
 
(2)
Represents the dividends accrued on the Series A Preferred Shares during the period.