EX-12 12 a2185923zex-12.htm EXHIBIT 12

Exhibit 12

 

STATEMENT REGARDING COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

 

Capitol Bancorp Limited

Calculation of Ratio of Earnings to Fixed Charges

 

 

 

Three Months
Ended March 31,

 

Year Ended December 31

 

 

 

2008

 

2007

 

2006

 

2005

 

2004

 

2003

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before income taxes (A)

 

$

196

 

$

24,761

 

$

57,854

 

$

55,157

 

$

41,415

 

$

37,415

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on borrowings

 

6,880

 

23,002

 

16,957

 

14,366

 

10,801

 

8,230

 

Estimated interest component of net rental expense

 

880

 

3,042

 

2,508

 

2,046

 

1,947

 

1,749

 

Fixed charges, excluding interest on deposits (B)

 

7,760

 

26,044

 

19,465

 

16,412

 

12,748

 

9,979

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on deposits

 

30,688

 

124,160

 

88,629

 

53,213

 

36,695

 

41,260

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges, including interest on deposits (C)

 

38,448

 

150,204

 

108,094

 

69,625

 

49,443

 

51,239

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

 

 

Excluding deposit interest (A+B)/B

 

1.03

x

1.95

x

3.97

x

4.36

x

4.25

x

4.75

x

Including deposit interest (A+C)/C

 

1.01

x

1.16

x

1.54

x

1.79

x

1.84

x

1.73

x

 

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