Attached files
file | filename |
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10-K - FORM 10-K - FIRSTMERIT CORP /OH/ | l38698e10vk.htm |
EX-21 - EX-21 - FIRSTMERIT CORP /OH/ | l38698exv21.htm |
EX-24 - EX-24 - FIRSTMERIT CORP /OH/ | l38698exv24.htm |
EX-23 - EX-23 - FIRSTMERIT CORP /OH/ | l38698exv23.htm |
EX-31.2 - EX-31.2 - FIRSTMERIT CORP /OH/ | l38698exv31w2.htm |
EX-32.1 - EX-32.1 - FIRSTMERIT CORP /OH/ | l38698exv32w1.htm |
EX-32.2 - EX-32.2 - FIRSTMERIT CORP /OH/ | l38698exv32w2.htm |
EX-31.1 - EX-31.1 - FIRSTMERIT CORP /OH/ | l38698exv31w1.htm |
Exhibit 12
FIRSTMERIT
CORPORATION
Computations of Consolidated Ratios of Earnings to Fixed
Charges
(Dollars in thousands unaudited)
For the twelve months |
||||||||||||||||||||||||
ended December 31, | ||||||||||||||||||||||||
2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||||||
Excluding Interest on Deposits:
|
||||||||||||||||||||||||
Fixed Charges:
|
||||||||||||||||||||||||
Interest Expense (excluding interest on deposits)
|
32,081 | 59,431 | 91,899 | 80,291 | 66,873 | |||||||||||||||||||
Interest Factor Within Rent Expense (a)
|
1,870 | 1,936 | 2,129 | 2,246 | 2,128 | |||||||||||||||||||
|
33,951 | 61,367 | 94,028 | 82,537 | 69,001 | |||||||||||||||||||
Earnings:
|
||||||||||||||||||||||||
Income Before Income Taxes
|
107,815 | 168,389 | 173,408 | 131,322 | 182,133 | |||||||||||||||||||
Fixed Charges Excluding Preferred Stock Dividends
|
32,162 | 61,367 | 94,028 | 82,537 | 69,001 | |||||||||||||||||||
Total Earnings
|
139,977 | 229,756 | 267,436 | 213,859 | 251,134 | |||||||||||||||||||
Ratio of Earnings to Fixed Charges, Excluding Interest on
Deposits
|
4.12 | 3.74 | 2.84 | 2.59 | 3.64 | |||||||||||||||||||
Including Interest on Deposits:
|
||||||||||||||||||||||||
Fixed Charges:
|
||||||||||||||||||||||||
Interest Expense
|
110,763 | 197,637 | 299,448 | 263,468 | 192,451 | |||||||||||||||||||
Interest Factor Within Rent Expense (a)
|
1,870 | 1,936 | 2,129 | 2,246 | 2,128 | |||||||||||||||||||
Total Fixed Charges
|
112,633 | 199,573 | 301,577 | 265,714 | 194,579 | |||||||||||||||||||
Earnings:
|
||||||||||||||||||||||||
Income Before Income Taxes
|
107,815 | 168,389 | 173,408 | 131,322 | 182,133 | |||||||||||||||||||
Fixed Charges Excluding Preferred Stock Dividends
|
110,844 | 199,573 | 301,577 | 265,714 | 194,579 | |||||||||||||||||||
Total Earnings
|
218,659 | 367,962 | 474,985 | 397,036 | 376,712 | |||||||||||||||||||
Ratio of Earnings to Fixed Charges, Including Interest on
Deposits
|
1.94 | 1.84 | 1.58 | 1.49 | 1.94 |
(a) | The portion of rents shown as representative of the interest factor is one-third of total net operating lease expenses. |