EX-12 9 dex12.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12 Ratios of Earnings to Fixed Charges
Six Months ended June 30, Years ended December 31, -------------- ------------------------ 2001 2000 2000 1999 1998 1997 1996 ---- ---- ---- ---- ---- ---- ---- Ratio of Earnings to Fixed Charges: ----------------------------------- Excluding interest on deposits 4.12 X 4.23 X 4.03 X 5.62 X 7.19 X 8.36 X 10.94 X Including interest on deposits 1.80 X 1.80 X 1.76 X 1.89 X 1.74 X 1.70 X 1.65 X
(1) The ratio of earnings to fixed charges is calculated by adding income before income taxes plus fixed charges and dividing that sum by fixed charges.
Six Months Ended June 30, Years Ended December 31, ------- ------------------------ 2001 2000 2000 1999 1998 1997 1996 ---- ---- ---- ---- ---- ---- ---- Income before income taxes $97,491 $97,565 $192,764 $187,075 $155,685 $149,171 $132,398 ======= ======= ======== ======== ======== ======== ======== Fixed Charges: -------------- Interest on deposits $90,500 $92,123 $190,626 $169,701 $184,671 $193,515 $190,179 Interest on short-term borrowings and long-term debt 30,455 29,552 62,022 39,091 23,860 18,921 11,871 1/3 of net rental expense 831 696 1,598 1,385 1,288 1,337 1,452 --- --- ----- ----- ----- ----- ----- Total fixed charges, including interest on deposits $121,786 $122,371 $254,246 $210,177 $209,819 $213,773 $203,502 ======== ======== ======== ======== ======== ======== ======== Total fixed charges, excluding interest on deposits $31,286 $30,248 $63,620 $40,476 $25,148 $20,258 $13,324 ======= ======= ======= ======= ======= ======= =======