UMPQUA HOLDINGS CORP - FORM 10-K - EX-12 - RATIO OF EARNINGS TO FIXED CHARGES - February 19, 2010

Attached files

file filename
10-K - FORM 10-K - UMPQUA HOLDINGS CORPd10k.htm
EX-3.1 - RESTATED ARTICLES OF INCORPORATION - UMPQUA HOLDINGS CORPdex31.htm
EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER UNDER SECTION 302 - UMPQUA HOLDINGS CORPdex311.htm
EX-31.3 - CERTIFICATION OF PRINCIPAL ACCOUNTING OFFICER UNDER SECTION 302 - UMPQUA HOLDINGS CORPdex313.htm
EX-99.1 - SUBSEQUENT YEAR CERTIFICATION OF CEO - UMPQUA HOLDINGS CORPdex991.htm
EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER UNDER SECTION 302 - UMPQUA HOLDINGS CORPdex312.htm
EX-10.7 - EMPLOYMENT AGREEMENT KELLY J JOHNSON - UMPQUA HOLDINGS CORPdex107.htm
EX-21.1 - SUBSIDIARIES OF THE REGISTRANT - UMPQUA HOLDINGS CORPdex211.htm
EX-10.8 - EMPLOYMENT AGREEMENT COLIN ECCLES - UMPQUA HOLDINGS CORPdex108.htm
EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - MOSS ADAMS LLP - UMPQUA HOLDINGS CORPdex231.htm
EX-99.2 - SUBSEQUENT YEAR CERTIFICATION OF CFO - UMPQUA HOLDINGS CORPdex992.htm
EX-32 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER AND PRINCIPAL - UMPQUA HOLDINGS CORPdex32.htm

Exhibit 12

Ratio of Earnings to Fixed Charges

The following table shows the ratio of earnings to fixed charges for the Company, on a consolidated basis.

 

     For the Year Ended December 31,
     2009     2008    2007    2006    2005    2004

Consolidated ratios of earnings to fixed charges

                 

Excluding interest on deposits

    (12.60 )    4.20    5.40    6.48    9.02    8.10

Including interest on deposits

    (0.89 )    1.48    1.47    1.91    2.47    2.65

The ratio of earnings to fixed charges is calculated as net income before income taxes plus fixed charges minus interest capitalized.

Fixed charges, excluding interest on deposits, consist of:

 

  •  

Contractual interest on short-term borrowing and long-term debt,

 

  •  

Amortization of debt issuance costs,

 

  •  

Capitalized interest, and

 

  •  

Amortization of fair value of adjustments for instruments assumed in purchase business combinations.

Fixed charges, including interest on deposits, consist of all of the items listed immediately above and interest on deposits.

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