EX-12 4 ex12-1.txt EXHIBIT 12.1 EXHIBIT 12.1 Statement Regarding Computation of Ratios COMPUTATION OF CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES (Including Interest on Deposits) Astoria Financial Corporation's ratio of earnings to fixed charges (including interest on deposits) for the year ended December 31, 2004 was as follows:
For the Year Ended December 31, 2004 ------------------------------------ (In Thousands) Income before income tax expense ........ $325,639 Income tax expense ...................... 106,102 -------- Net income .............................. $219,537 ======== Fixed charges: Interest on borrowed funds .............. $337,906 Interest on deposits .................... 237,429 One-third of rent expense ............... 2,507 -------- Total fixed charges .................. $577,842 ======== Earnings (for ratio calculation) ........ $903,481 ======== Ratio of earnings to fixed charges ...... 1.56x
COMPUTATION OF CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES (Excluding Interest on Deposits) Astoria Financial Corporation's ratio of earnings to fixed charges (excluding interest on deposits) for the year ended December 31, 2004 was as follows:
For the Year Ended December 31, 2004 ------------------------------------ (In Thousands) Income before income tax expense ........ $325,639 Income tax expense ...................... 106,102 -------- Net income .............................. $219,537 ======== Fixed charges: Interest on borrowed funds .............. $337,906 One-third of rent expense ............... 2,507 -------- Total fixed charges .................. $340,413 ======== Earnings (for ratio calculation) ........ $666,052 ======== Ratio of earnings to fixed charges ...... 1.96x
For purposes of computing the ratios of earnings to fixed charges, earnings consists of income before income taxes plus fixed charges. Fixed charges excluding interest on deposits consist of interest on short-term and long-term debt, interest related to capitalized leases and capitalized interest and one-third of rent expense, which approximates the interest component of that expense. Fixed charges including interest on deposits consist of the foregoing items plus interest on deposits.