DIME COMMUNITY BANCSHARES INC - FORM 10-K - EX-12.1 - CALCULATION OF EARNINGS TO FIXED CHARGES - March 12, 2010

Attached files

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10-K - FORM 10-K FOR THE YEAR ENDED DECEMBER 31, 2009 - DIME COMMUNITY BANCSHARES INCform10k2009.htm
EX-23.2 - CONSENT OF DELOITTE & TOUCHE LLP - DIME COMMUNITY BANCSHARES INCexhibit23-2.htm
EX-31.2 - CFO CERTIFICATION PURSUANT TO 17 CFR 240 - DIME COMMUNITY BANCSHARES INCexhibit31-2.htm
EX-23.1 - CONSENT OF CROWE HORWATH LLP - DIME COMMUNITY BANCSHARES INCexhibit23-1.htm
EX-32.1 - CEO CERTIFICATION PURSUANT TO 18 U.S.C. 1350 - DIME COMMUNITY BANCSHARES INCexhibit32-1.htm
EX-31.1 - CEO CERTIFICATION PURSUANT TO 17 CFR 240 - DIME COMMUNITY BANCSHARES INCexhibit31-1.htm
EX-32.2 - CFO CERTIFICATION PURSUANT TO 18 U.S.C. 1350 - DIME COMMUNITY BANCSHARES INCexhibit32-2.htm

EXHIBIT 12.1




COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
AND PREFERRED STOCK DIVIDENDS
 (in thousands, except ratio of earnings to fixed charges)
 
The following table sets forth our consolidated ratios of earnings to fixed charges and preferred stock dividends for the periods shown.  For purposes of computing the ratios, earnings represent income before taxes, extraordinary items and the cumulative effect of accounting changes, plus fixed charges.  Fixed charges represent total interest expense plus an estimate of the interest within rental expense, including and excluding interest on deposits.  Currently, we have no shares of preferred stock outstanding and have not paid any dividends on preferred stock in the periods shown.  Therefore, the ratio of earnings to combined fixed charges and preferred stock dividends is not different from the ratio of earnings to fixed charges.
 
 
Year Ended
December 31, 2009
Ratio of Earnings to Fixed Charges and Preferred Stock Dividends (Including Deposits):
Earnings:
  
   Income before income taxes
$40,275
   Add:  Fixed charges, net
99,027
Income before income taxes and fixed charges, net
139,302
Fixed charges
  
   Interest expense
$97,685
   Estimate of interest (1/3) within rental expense
787
   Interest on unrecognized tax benefits
555
Total fixed charges
99,027
Ratio of Earnings to Fixed Charges
1.41x
  
Ratio of Earnings to Fixed Charges and Preferred Stock Dividends (Excluding Deposits):
Earnings:
  
   Income before income taxes
$40,275
   Add:  Fixed charges, net
56,235
Income before income taxes and fixed charges, net
96,510
Fixed charges
  
   Interest expense (excluding deposits)
54,893
   Estimate of interest (1/3) within rental expense
787
   Interest on unrecognized tax benefits
555
Total fixed charges
56,235
Ratio of Earnings to Fixed Charges
1.72x


 
 
 

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