EX-12 3 ex12.txt EXHIBIT 12 Exhibit 12 INTERVEST BANCSHARES CORPORATION AND SUBSIDIARIES COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
For the Nine Months Ended September 30, 2006 ---------------------------------------------------- Intervest Bancshares Intervest Intervest Corporation Bancshares Mortgage ($in thousands) Consolidated Corporation Corporation ------------------------------------------------------------------------------------------------------------------------- Earnings before income taxes (1) $ 31,452 $ 45 $ 4,473 Fixed charges, excluding interest on deposits (2) 9,438 3,610 5,388 ---------------------------------------------------- Earnings before income taxes and fixed charges, excluding interest on deposits 40,890 3,655 9,861 Interest on deposits 46,995 - - ---------------------------------------------------- Earnings before income taxes and fixed charges, including interest on deposits $ 87,885 $ 3,655 $ 9,861 ------------------------------------------------------------------------------------------------------------------------- Earnings to fixed charges ratios: Excluding interest on deposits 4.33 x 1.01 x 1.83 x Including interest on deposits 1.56 x 1.01 x 1.83 x -------------------------------------------------------------------------------------------------------------------------
For the Year Ended December 31, 2005 ---------------------------------------------------- Intervest Bancshares Intervest Intervest Corporation Bancshares Mortgage ($in thousands) Consolidated Corporation Corporation ------------------------------------------------------------------------------------------------------------------------- Earnings before income taxes (1) $ 32,250 $ 112 $ 5,745 Fixed charges, excluding interest on deposits (2) 12,528 5,003 7,370 ---------------------------------------------------- Earnings before income taxes and fixed charges, excluding interest on deposits 44,778 5,115 13,115 Interest on deposits 44,919 - - ---------------------------------------------------- Earnings before income taxes and fixed charges, including interest on deposits $ 89,697 $ 5,115 $ 13,115 ------------------------------------------------------------------------------------------------------------------------- Earnings to fixed charges ratios: Excluding interest on deposits 3.57 x 1.02 x 1.78 x Including interest on deposits 1.56 x 1.02 x 1.78 x -------------------------------------------------------------------------------------------------------------------------
For the Year Ended December 31, 2004 ---------------------------------------------------- Intervest Bancshares Intervest Intervest Corporation Bancshares Mortgage ($in thousands) Consolidated Corporation Corporation ------------------------------------------------------------------------------------------------------------------------- Earnings before income taxes (1) $ 20,229 $ 107 $ 4,379 Fixed charges, excluding interest on deposits (2) 12,353 4,351 7,945 ---------------------------------------------------- Earnings before income taxes and fixed charges, excluding interest on deposits 32,582 4,458 12,324 Interest on deposits 26,330 - - ---------------------------------------------------- Earnings before income taxes and fixed charges, including interest on deposits $ 58,912 $ 4,458 $ 12,324 ------------------------------------------------------------------------------------------------------------------------- Earnings to fixed charges ratios: Excluding interest on deposits 2.64 x 1.02 x 1.55 x Including interest on deposits 1.52 x 1.02 x 1.55 x -------------------------------------------------------------------------------------------------------------------------
For the Year Ended December 31, 2003 ----------------------------------------------------- Intervest Bancshares Intervest Intervest Corporation Bancshares Mortgage ($in thousands) Consolidated Corporation Corporation -------------------------------------------------------------------------------------------------------------------------- Earnings (loss) before income taxes (1) $ 15,993 $ (638) $ 3,255 Fixed charges, excluding interest on deposits (2) 10,127 3,024 7,140 ----------------------------------------------------- Earnings before income taxes and fixed charges, excluding interest on deposits 26,120 2,386 10,395 Interest on deposits 18,437 - - ----------------------------------------------------- Earnings before income taxes and fixed charges, including interest on deposits $ 44,557 $ 2,386 $ 10,395 -------------------------------------------------------------------------------------------------------------------------- Earnings to fixed charges ratios: Excluding interest on deposits 2.58 x .79 x 1.46 x Including interest on deposits 1.56 x .79 x 1.46 x --------------------------------------------------------------------------------------------------------------------------
(1) Intervest Bancshares Corporation's earnings (loss) before income taxes includes dividends received from subsidiaries for purposes of this calculation. (2) Fixed charges represent interest on debentures and federal funds purchased and amortization of debenture offering costs.