EX-12 13 qcrexhbt121.txt Exhibit 12.1 QCR Holdings, Inc. Calculation of earnings to fixed charges Dec-03 Dec-02 Jun-02 Jun-01 Jun-00 Jun-99 Jun-98 Jun-97 Jun-96 -------------------------------------------------------------------------------- Earnings before income taxes ..................... 8,156 4,879 4,277 3,556 4,426 4,079 4,071 1,384 683 Add: preferred dividends on a pretax basis ....... -- -- -- -- -- -- -- -- -- Add: fixed charges ............................... 12,414 6,713 13,389 16,979 13,552 11,269 8,437 4,997 3,495 -------------------------------------------------------------------------------- Earnings including interest expense on deposits (1) ................................... 20,570 11,592 17,666 20,535 17,978 15,348 12,508 6,381 4,178 Less: interest expense on deposits ............... 7,005 4,151 8,895 13,022 10,125 9,010 6,971 4,358 3,350 -------------------------------------------------------------------------------- Earnings excluding interest expense on deposits (2) ................................... 13,565 7,441 8,772 7,512 7,853 6,338 5,537 2,023 828 Fixed charges: Interest expense on deposits .................. 7,005 4,151 8,895 13,022 10,125 9,010 6,971 4,358 3,350 Interest expense on borrowings ................ 4,945 2,332 3,976 3,590 3,163 2,017 1,371 635 137 Portion of rents representative of interest factor ...................................... 464 230 519 367 264 242 95 4 8 ------------------------------------------------------------------------------- Fixed charges including interest expense on deposits (3) ................................... 12,414 6,713 13,389 16,979 13,552 11,269 8,437 4,997 3,495 Less interest expense on deposits ................ 7,005 4,151 8,895 13,022 10,125 9,010 6,971 4,358 3,350 Fixed charges excluding interest expense on deposits (4) ................................... 5,409 2,562 4,494 3,957 3,427 2,259 1,466 639 145 =============================================================================== Rents ........................................... 837 431 796 615 451 430 176 10 20 ------------------------------------------------------------------------------- Portion of rents representative of interest factor ......................................... 464 230 519 367 264 242 95 4 8 ------------------------------------------------------------------------------- Ratio of earnings to fixed charges and preferred stock dividends: Excluding interest expense on deposits ((2)/(4)) 2.51 2.90 1.95 1.90 2.29 2.81 3.78 3.17 5.71 Including interest expense on deposits ((1)/(3)) 1.66 1.73 1.32 1.21 1.33 1.36 1.48 1.28 1.20 1