EX-12.1 5 a14-21687_1ex12d1.htm EX-12.1

Exhibit 12.1

 

Bridge Bancorp, Inc.

Consolidated Ratios of Earnings to Fixed Charges

(Dollars in thousands)

 

 

 

Six Months Ended

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

Years Ended December 31,

 

 

 

2014

 

2013

 

2012

 

2011

 

2010

 

2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Including Interest Paid on Deposits:

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings before income taxes

 

$

7,108

 

$

19,762

 

$

18,852

 

$

15,022

 

$

13,213

 

$

12,812

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Combined fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense on deposits

 

2,238

 

4,962

 

5,607

 

5,707

 

5,845

 

7,223

 

Interest expense on trust preferred securities

 

683

 

1,365

 

1,365

 

1,366

 

1,365

 

190

 

Interest expense on borrowed funds

 

816

 

945

 

583

 

543

 

530

 

402

 

Appropriate portion (1/3) of rent expense

 

534

 

812

 

524

 

449

 

452

 

338

 

Total fixed charges

 

$

4,271

 

$

8,084

 

$

8,079

 

$

8,065

 

$

8,192

 

$

8,153

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings before income taxes and fixed charges

 

$

11,379

 

$

27,846

 

$

26,931

 

$

23,087

 

$

21,405

 

$

20,965

 

Ratio of earnings to fixed charges

 

2.66

 

3.44

 

3.33

 

2.86

 

2.61

 

2.57

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Excluding Interest Paid on Deposits:

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings before income taxes

 

$

7,108

 

$

19,762

 

$

18,852

 

$

15,022

 

$

13,213

 

$

12,812

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Combined fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense on trust preferred securities

 

683

 

1,365

 

1,365

 

1,366

 

1,365

 

190

 

Interest expense on borrowed funds

 

816

 

945

 

583

 

543

 

530

 

402

 

Appropriate portion (1/3) of rent expense

 

534

 

812

 

524

 

449

 

452

 

338

 

Total fixed charges

 

$

2,033

 

$

3,122

 

$

2,472

 

$

2,358

 

$

2,347

 

$

930

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings before income taxes and fixed charges

 

$

9,141

 

$

22,884

 

$

21,324

 

$

17,380

 

$

15,560

 

$

13,742

 

Ratio of earnings to fixed charges

 

4.50

 

7.33

 

8.63

 

7.37

 

6.63

 

14.78