EX-12.1 9 0009.txt EXHIBIT 12.1 Exhibit 12.1
Year Ended December 31 -------------------------------------------------------- 2000 1999 1998 -------------------------------------------------------- Ratio 1 - including deposit interest ------------------------------------ Earnings: Income before income taxes and extraordinary gain $1,919,556 $1,695,657 $1,498,306 Fixed charges 3,764,603 2,841,964 2,773,877 -------------------------------------------------------- Total $5,684,159 $4,537,621 $4,272,183 ======================================================== Fixed charges: Interest on deposits $2,452,919 $1,626,132 $1,644,229 Interest on funds purchased 651,235 749,561 634,086 Interest on other short-term borrowings 97,903 79,521 127,800 Interest on long-term debt 534,924 359,538 340,664 Portion of rents representative of the interest factor (1/3) of rental expense 27,622 27,212 27,098 -------------------------------------------------------- Total $3,764,603 $2,841,964 $2,773,877 ======================================================== Earnings to fixed charges 1.51 x 1.60 x 1.54 x Ratio 2 - excluding deposit interest ------------------------------------ Earnings: Income before income taxes and extraordinary gain $1,919,556 $1,695,657 $1,498,306 Fixed charges 1,311,684 1,215,832 1,129,648 -------------------------------------------------------- Total $3,231,240 $2,911,489 $2,627,954 ======================================================== Fixed charges: Interest on funds purchased $ 651,235 $ 749,561 $ 634,086 Interest on other short-term borrowings 97,903 79,521 127,800 Interest on long-term debt 534,924 359,538 340,664 Portion of rents representative of the interest factor (1/3) of rental expense 27,622 27,212 27,098 -------------------------------------------------------- Total $1,311,684 $1,215,832 $1,129,648 ======================================================== Earnings to fixed charges 2.46 x 2.39 x 2.33 x
Year Ended December 31 -------------------------------------------------------- 1997 1996 1995 -------------------------------------------------------- Ratio 1 - including deposit interest ------------------------------------ Earnings: Income before income taxes and extraordinary gain $1,499,599 $1,265,942 $1,211,458 Fixed charges 2,479,633 2,185,047 2,051,441 -------------------------------------------------------- Total $3,979,232 $3,450,989 $3,262,899 ======================================================== Fixed charges: Interest on deposits $1,627,417 $1,585,707 $1,481,548 Interest on funds purchased 461,724 356,879 336,360 Interest on other short-term borrowings 133,814 81,683 91,271 Interest on long-term debt 230,509 134,530 118,152 Portion of rents representative of the interest factor (1/3) of rental expense 26,169 26,248 24,110 -------------------------------------------------------- Total $2,479,633 $2,185,047 $2,051,441 ======================================================== Earnings to fixed charges 1.60 x 1.58 x 1.59 x Ratio 2 - excluding deposit interest ------------------------------------ Earnings: Income before income taxes and extraordinary gain $1,499,599 $1,265,942 $1,211,458 Fixed charges 852,216 599,340 569,893 -------------------------------------------------------- Total $2,351,815 $1,865,282 $1,781,351 ======================================================== Fixed charges: Interest on funds purchased $ 461,724 $ 356,879 $ 336,360 Interest on other short-term borrowings 133,814 81,683 91,271 Interest on long-term debt 230,509 134,530 118,152 Portion of rents representative of the interest factor (1/3) of rental expense 26,169 26,248 24,110 -------------------------------------------------------- Total $ 852,216 $ 599,340 $ 569,893 ======================================================== Earnings to fixed charges 2.76 x 3.11 x 3.13 x