Attached files
Exhibit 12.1
HATTERAS FINANCIAL CORP.
COMPUTATION OF THE RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND
PREFERRED STOCK DIVIDENDS
(in thousands, except ratios)
(unaudited)
Computation of ratio or earnings to combined fixed charges and preferred stock dividends:
| Year Ended December 31, | |||||||||
| 2009 | 2008 | 2007 | |||||||
| Fixed charges(1) |
$ | 96,267 | $ | 104,481 | $ | 5,332 | |||
| Preferred stock dividends (2) |
— | — | — | ||||||
| Combined fixed charges and preferred stock dividends |
$ | 96,267 | $ | 104,481 | $ | 5,332 | |||
| Fixed charges |
$ | 96,267 | $ | 104,481 | $ | 5,332 | |||
| Net income |
174,400 | 79,129 | 1,248 | ||||||
| $ | 270,667 | $ | 183,610 | $ | 6,580 | ||||
| Ratio of earnings to combined fixed charges and preferred stock dividends |
2.81 | 1.76 | 1.23 | ||||||
| (1) | Fixed charges consist of interest expense on all indebtedness. |
| (2) | No preferred stock was outstanding during these periods. |