EX-12.1 6 d514356dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

TRICO BANCSHARES AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

The following table sets forth our consolidated ratios of earnings to fixed charges for the periods shown. For purposes of computing the ratios, earnings represent income before taxes on income, plus fixed charges. Fixed charges represent total interest expense plus an estimate of the interest within rental expense, including and excluding interest on deposits. The estimate of the interest within rental expense was calculated by using one-third of our total rental expense, which we believe is a reasonable approximation of the interest component of rental expense. Currently, we have no shares of preferred stock outstanding and have not paid any dividends on preferred stock in the periods shown. Therefore, the ratio of earnings to combined fixed charges and preferred stock dividends is not different from the ratio of earnings to fixed charges.

 

(dollars in thousands)    For the
Three
Months
Ended
March 31,
     For the Year Ended  
     2017      2016      2015      2014      2013      2012  

Earnings available for fixed charges, excluding interest on deposits:

                 

Income before taxes on income

   $ 19,431      $ 72,523      $ 72,714      $ 44,616      $ 45,804      $ 31,931  

Fixed charges: excluding deposit interest

   $ 946      $ 4,265      $ 4,062      $ 3,002      $ 2,684      $ 4,372  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 20,377      $ 76,788      $ 76,776      $ 47,618      $ 48,488      $ 36,303  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Earnings available for fixed charges:

                 

Income before taxes on income

   $ 19,431      $ 72,523      $ 72,714      $ 44,616      $ 45,804      $ 31,931  

Total fixed charges

   $ 1,840      $ 7,748      $ 7,496      $ 6,276      $ 6,129      $ 8,788  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 21,271      $ 80,271      $ 80,210      $ 50,892      $ 51,933      $ 40,719  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Fixed Charges:

                 

Interest expense, excluding deposit interest

   $ 597      $ 2,238      $ 1,982      $ 1,407      $ 1,251      $ 2,928  

Interest within rental expense

   $ 349      $ 2,027      $ 2,080      $ 1,595      $ 1,433      $ 1,444  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Fixed charges: excluding deposit interest

   $ 946      $ 4,265      $ 4,062      $ 3,002      $ 2,684      $ 4,372  

Deposit interest

   $ 894      $ 3,483      $ 3,434      $ 3,274      $ 3,445      $ 4,416  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total fixed charges

   $ 1,840      $ 7,748      $ 7,496      $ 6,276      $ 6,129      $ 8,788  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Ratio of Earnings to Fixed Charges:

                 

Excluding deposit interest

     21.54        18.00        18.90        15.86        18.07        8.30  

Total

     11.56        10.36        10.70        8.11        8.47        4.63