Attached files
Exhibit 12
| Computation of Ratios | ||||
| Net Income Per Share | = | Net Income/Average Common Shares Outstanding | ||
| Cash Dividends Per Share | = | Dividends Paid/Actual Common Shares Outstanding | ||
| Book Value Per Share | = | Total Shareholders’ Equity/Actual Common Shares Outstanding | ||
| Return on Average Assets | = | Net Income/Average Assets | ||
| Return on Average Shareholders’ Equity | = | Net Income/Average Shareholders’ Equity | ||
| Net Interest Margin | = | Net Interest Income/Average Earning Assets | ||
| Noninterest Expense to Average Assets | = | Noninterest Expense/Average Assets | ||
| Efficiency Ratio | = | (Noninterest Expense-Other Real Estate Owned Expense-Amortization of Intangibles)/(Net Interest Income + Noninterest Income-Security Losses) | ||
| Average Loans to Deposits | = | Average Net Loans/Average Deposits Outstanding | ||
| Dividend Payout | = | Dividends Declared/Net Income | ||
| Average Shareholders’ Equity to Average Assets | = | Average Shareholders’ Equity/Average Assets | ||
| Tier I Capital Ratio | = | Shareholders’ Equity – Net Unrealized Gains on Available for Sale Securities-Intangible Assets +Qualifying Capital Securities (Tier I Capital)/ Risk Adjusted Assets | ||
| Total Capital Ratio | = | (Tier I Capital +Qualifying Tier II Capital Securities +Allowance for Loan Losses +Qualifying Portion of Unrealized Gains on Available for Sale Marketable Equity Securities)/ Risk Adjusted Assets | ||
| Tier I Leverage Ratio | = | Tier I Capital/Average Assets | ||
| Net Charge-offs to Average Loans | = | (Gross Charge-offs – Recoveries)/ Average Net Loans | ||
| Non-performing Loans to Period End Loans | = | (Nonaccrual Loans + Loans Past Due 90 Days or Greater)/ Loans Net of Unearned Income | ||
| Non-performing Assets to Period End Assets | = | (Nonaccrual Loans + Loans Past Due 90 Days or | ||
| Greater + Other Real Estate Owned)/Total Assets | ||||
| Allowance for Loan Losses to Period End Loans | = | Loan Loss Reserve/Loans Net of Unearned Income | ||
| Allowance for Loan Losses to Non-Performing Loans | = | Loan Loss Reserve/(Nonaccrual Loans + Loans Past Due 90 days or Greater) | ||
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