SANTANDER BANCORP - FORM 10-K - EX-12 - March 5, 2010

Attached files

file filename
10-K - FORM 10-K - SANTANDER BANCORPg22373e10vk.htm
EX-31.1 - EX-31.1 - SANTANDER BANCORPg22373exv31w1.htm
EX-32.1 - EX-32.1 - SANTANDER BANCORPg22373exv32w1.htm
EX-31.2 - EX-31.2 - SANTANDER BANCORPg22373exv31w2.htm
EX-21 - EX-21 - SANTANDER BANCORPg22373exv21.htm
Exhibit 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
                                         
    2009   2008   2007   2006   2005
     
Income before Taxes & Cumulative Effect of Change In Accounting Principle
   $ 52,610     $ 4,007     $ (32,041 )   $ 65,709     $ 110,594  
Plus: Fixed Charges Interest expense
                                        
Deposits
     79,473       152,452       191,415       173,380       122,212  
Other
     50,958       91,997       171,116       154,334       90,371  
             
Total
     130,431       244,449       362,531       327,714       212,583  
 
                                        
Rent Expense
     5,186       4,523       3,574       3,423       2,309  
             
Total Fixed Charges
     135,617       248,972       366,105       331,137       214,892  
 
                                        
Earnings
   $ 188,227     $ 252,979     $ 334,064     $ 396,846     $ 325,486  
 
                                        
Ratio of Earnings to fixed charges
                                        
Including interest on deposits
     1.39 x     1.02 x     0.91 x     1.20 x     1.51 x
Excluding interest on deposits
     1.94 x     1.04 x     0.82 x     1.42 x     2.19 x
 
                                        
Fixed charges
     135,617       248,972       366,105       331,137       214,892  
 
                                        
Earnings to fixed charges and preferred stock dividend
                                        
Including interest on deposits
     1.39 x     1.02 x     0.91 x     1.20 x     1.51 x
Excluding interest on deposits
     1.94 x     1.04 x     0.82 x     1.42 x     2.19 x