Attached files
| file | filename |
|---|---|
| 10-K - STERLING BANCORP | i00062_10-k.htm |
| EX-32 - STERLING BANCORP | i00062_ex32.htm |
| EX-21 - STERLING BANCORP | i00062_ex21.htm |
| EX-11 - STERLING BANCORP | i00062_ex11.htm |
| EX-23.1 - STERLING BANCORP | i00062_ex23-1.htm |
| EX-23.2 - STERLING BANCORP | i00062_ex23-2.htm |
| EX-31.1 - STERLING BANCORP | i00062_ex31-1.htm |
| EX-31.2 - STERLING BANCORP | i00062_ex31-2.htm |
| EX-99.1 - STERLING BANCORP | i00062_ex99-1.htm |
| EX-99.2 - STERLING BANCORP | i00062_ex99-2.htm |
EXHIBIT 12
STERLING BANCORP AND SUBSIDIARIES
STATEMENT RE COMPUTATION OF RATIOS
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Years Ended December 31, |
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2009 |
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2008 |
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2007 |
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Fixed Charges and Preferred Dividends: |
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Interest expense |
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$ |
19,295 |
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$ |
33,388 |
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$ |
47,560 |
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Capitalized debt expense trust preferred |
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44 |
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44 |
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44 |
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Estimated interest in rent |
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1,551 |
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1,605 |
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1,416 |
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Preferred dividends (accrued) |
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93 |
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47 |
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0 |
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Fixed charges and preferred charges (B) |
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20,983 |
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35,084 |
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49,020 |
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Less interest on deposits |
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(11,889 |
) |
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(21,508 |
) |
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(38,763 |
) |
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Fixed charges and preferred dividends excluding interest on deposits (D) |
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$ |
9,094 |
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$ |
13,576 |
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$ |
10,257 |
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Earnings: |
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Pre-tax income from continuing operations |
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$ |
14,330 |
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$ |
25,182 |
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$ |
23,954 |
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Fixed charges and preferred dividends |
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20,983 |
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35,084 |
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49,020 |
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Total earnings (A) |
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35,313 |
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60,266 |
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72,974 |
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Less interest on deposits |
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(11,889 |
) |
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(21,508 |
) |
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(38,763 |
) |
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Total earnings excluding interest on deposits (C) |
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$ |
23,424 |
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$ |
38,758 |
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$ |
34,211 |
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Ratio of earnings to fixed charges |
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Including interest on deposits (A)/(B) |
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1.68 |
x |
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1.72 |
x |
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1.49 |
x |
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Excluding interest on deposits (C)/(D) |
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2.58 |
x |
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2.85 |
x |
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3.34 |
x |