EX-12 3 qcrexhbt12.txt Exhibit 12 - Computation of Ratios Quad City Holdings, Inc. Calculation of earnings to fixed charges Jun-02 Jun-01 Jun-00 Jun-99 Jun-98 ------------------------------------------ Earnings before income taxes .................................... 4,277 3,556 4,426 4,079 4,071 Add: preferred dividends on a pretax basis ...................... -- -- -- -- -- Add: fixed charges .............................................. 13,389 16,979 13,552 11,269 8,437 ------------------------------------------ Earnings including interest expense on deposits (1) ............. 17,666 20,535 17,978 15,348 12,508 Less: interest expense on deposits .............................. 8,895 13,022 10,125 9,010 6,971 ------------------------------------------ Earnings excluding interest expense on deposits (2) ............. 8,772 7,512 7,853 6,338 5,537 Fixed charges: Interest expense on deposits ................................. 8,895 13,022 10,125 9,010 6,971 Interest expense on borrowings ............................... 3,976 3,590 3,163 2,017 1,371 Portion of rents representative of interest factor ........... 519 367 264 242 95 ------------------------------------------ Fixed charges including interest expense on deposits (3) ........ 13,389 16,979 13,552 11,269 8,437 Less interest expense on deposits ............................... 8,895 13,022 10,125 9,010 6,971 ------------------------------------------ Fixed charges excluding interest expense on deposits (4) ........ 4,494 3,957 3,427 2,259 1,466 ========================================== Rents ........................................................... 796 615 451 430 176 Portion of rents representative of interest factor .............. 519 367 264 242 95 Ratio of earnings to fixed charges and preferred stock dividends: Excluding interest expense on deposits ( (2)/(4) ) ........... 1.95 1.90 2.29 2.81 3.78 Including interest expense on deposits ( (1)/(3) ) ........... 1.32 1.21 1.33 1.36 1.48