EX-12 3 exhibit12_1.txt Exhibit 12.1 - Computation of Ratios QCR Holdings, Inc. Calculation of earnings to fixed charges Dec-05 Dec-04 Dec-03 Dec-02 Jun-02 Jun-01 --------------------------------------------------- Earnings before income taxes ................................. 7,092 7,721 8,156 4,879 4,277 3,556 --------------------------------------------------- Add: preferred dividends on a pretax basis ................... -- -- -- -- -- -- Add: fixed charges ........................................... 21,888 13,832 12,414 6,713 13,389 16,979 --------------------------------------------------- Earnings including interest expense on deposits (1) .......... 28,980 21,553 20,570 11,592 17,666 20,535 --------------------------------------------------- Less: interest expense on deposits ........................... 12,842 6,852 7,005 4,151 8,895 13,022 --------------------------------------------------- Earnings excluding interest expense on deposits (2) .......... 16,138 14,701 13,565 7,441 8,772 7,512 Fixed charges: Interest expense on deposits ............................... 12,842 6,852 7,005 4,151 8,895 13,022 --------------------------------------------------- Interest expense on borrowings ............................. 8,439 6,473 4,945 2,332 3,976 3,590 --------------------------------------------------- Portion of rents representative of interest factor ......... 607 507 464 230 519 367 --------------------------------------------------- Fixed charges including interest expense on deposits (3) 21,888 13,832 12,414 6,713 13,389 16,979 Less interest expense on deposits ............................ 12,842 6,852 7,005 4,151 8,895 13,022 --------------------------------------------------- Fixed charges excluding interest expense on deposits (4) 9,046 6,980 5,409 2,562 4,494 3,957 =================================================== --------------------------------------------------- Rents ........................................................ 1,038 867 837 431 796 615 --------------------------------------------------- Portion of rents representative of interest factor ........... 607 507 464 230 519 367 --------------------------------------------------- Ratio of earnings to fixed charges and preferred stock dividends: Excluding interest expense on deposits ( (2)/(4) ) ......... 1.78 2.11 2.51 2.90 1.95 1.90 Including interest expense on deposits ( (1)/(3) ) ......... 1.32 1.56 1.66 1.73 1.32 1.21