EX-12 4 dex12.txt COMPUTATION OF CONSOLIDATED RATIOS OF EARNINGS EXHIBIT 12 Computation of Consolidated Ratios of Earnings to Fixed Charges
Years ended December 31, 2001 2000 1999 1998 1997 ------ ------ ------ ------ ------ Excluding interest in deposits 4.15x 4.03x 5.62x 7.19x 8.40x Including interest on deposits 1.90x 1.76x 1.89x 1.74x 1.70x
Note: 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.
Years ended December 31, 2001 2000 1999 1998 1997 -------- -------- -------- -------- -------- Income before income taxes $199,355 $192,764 $187,075 $155,685 $149,171 ======== ======== ======== ======== ======== Interest on deposits 158,159 190,626 169,701 184,671 193,515 Borrowings and long-term debt 60,494 62,022 39,091 23,860 18,921 1/3 of net rental expense 2,722 1,598 1,385 1,288 1,248 -------- -------- -------- -------- -------- Total fixed charges, including interest on deposits $221,375 $254,246 $210,177 $209,819 $213,684 ======== ======== ======== ======== ======== Total fixed charges, excluding interest on deposits $ 63,216 $ 63,620 $ 40,476 $ 25,148 $ 20,169 ======== ======== ======== ======== ========