Exhibit 12.1
PrivateBancorp, Inc.
Calculation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)
| Year Ended December 31, | ||||||||||||||||||||
| 2005 | 2004 | 2003 | 2002 | 2001 | ||||||||||||||||
| Including Interest on Deposits |
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| Earnings: |
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| Earnings before income taxes |
$ | 48,637 | $ | 37,498 | $ | 26,571 | $ | 14,277 | $ | 8,251 | ||||||||||
| Fixed charges from below |
80,032 | 39,568 | 30,354 | 31,241 | 37,637 | |||||||||||||||
| Earnings |
$ | 128,669 | $ | 77,066 | $ | 56,925 | $ | 45,518 | $ | 45,888 | ||||||||||
| Fixed charges: |
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| Interest expense |
$ | 80,032 | $ | 39,568 | $ | 30,354 | $ | 31,241 | $ | 37,637 | ||||||||||
| Interest portion of fixed rentals(1) |
— | — | — | — | — | |||||||||||||||
| Total interest expense |
$ | 80,032 | $ | 39,568 | $ | 30,354 | $ | 31,241 | $ | 37,637 | ||||||||||
| Ratio of Earnings to Fixed Charges |
1.61 | x | 1.95 | x | 1.88 | x | 1.46 | x | 1.22 | x | ||||||||||
| Excluding Interest on Deposits |
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| Earnings: |
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| Earnings before income taxes |
$ | 48,637 | $ | 37,498 | $ | 26,571 | $ | 14,277 | $ | 8,251 | ||||||||||
| Fixed charges from below |
17,383 | 8,598 | 6,442 | 7,264 | 8,058 | |||||||||||||||
| Earnings |
$ | 66,020 | $ | 46,096 | $ | 33,013 | $ | 21,541 | $ | 16,309 | ||||||||||
| Fixed charges: |
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| Interest expense excluding interest on deposits |
$ | 17,383 | $ | 8,598 | $ | 6,442 | $ | 7,264 | $ | 8,058 | ||||||||||
| Interest portion of fixed rentals(1) |
— | — | — | — | — | |||||||||||||||
| Total Interest expense |
$ | 17,383 | $ | 8,598 | $ | 6,442 | $ | 7,264 | $ | 8,058 | ||||||||||
| Ratio of Earnings to Fixed Charges |
3.80 | x | 5.36 | x | 5.12 | x | 2.97 | x | 2.02 | x | ||||||||||
| (1) | The Company is not a party to any capital leases; therefore, this item is not applicable. All leases are operating leases. |