Attached files
file | filename |
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10-K - FORM 10-K - BANCORP RHODE ISLAND INC | c97905e10vk.htm |
EX-23 - EXHIBIT 23 - BANCORP RHODE ISLAND INC | c97905exv23.htm |
EX-21 - EXHIBIT 21 - BANCORP RHODE ISLAND INC | c97905exv21.htm |
EX-31.1 - EXHIBIT 31.1 - BANCORP RHODE ISLAND INC | c97905exv31w1.htm |
EX-32.2 - EXHIBIT 32.2 - BANCORP RHODE ISLAND INC | c97905exv32w2.htm |
EX-32.1 - EXHIBIT 32.1 - BANCORP RHODE ISLAND INC | c97905exv32w1.htm |
EX-12.2 - EXHIBIT 12.2 - BANCORP RHODE ISLAND INC | c97905exv12w2.htm |
EX-31.2 - EXHIBIT 31.2 - BANCORP RHODE ISLAND INC | c97905exv31w2.htm |
Exhibit 12.1
Bancorp Rhode Island, Inc.
Computation of Earnings to Fixed Charges
(In Thousands)
Computation of Earnings to Fixed Charges
(In Thousands)
Years Ended December 31, | ||||||||||||||||||||
2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||
Ratio 1: including deposit interest |
||||||||||||||||||||
Earnings: |
||||||||||||||||||||
Income before income taxes |
$ | 8,041 | $ | 13,571 | $ | 13,304 | $ | 11,287 | $ | 14,409 | ||||||||||
Fixed charges |
27,425 | 35,388 | 45,312 | 39,480 | 27,060 | |||||||||||||||
Total |
35,466 | 48,959 | 58,616 | 50,767 | 41,469 | |||||||||||||||
Fixed charges: |
||||||||||||||||||||
Interest-bearing demand |
60 | 162 | 391 | 356 | 590 | |||||||||||||||
Money market accounts |
367 | 69 | 135 | 161 | 235 | |||||||||||||||
Savings accounts |
3,380 | 7,042 | 11,028 | 7,929 | 4,734 | |||||||||||||||
Certificate of deposit accounts |
11,061 | 14,306 | 17,676 | 14,030 | 8,962 | |||||||||||||||
Other borrowings |
11,357 | 12,402 | 14,087 | 15,038 | 10,826 | |||||||||||||||
Subordinated debentures |
730 | 949 | 1,509 | 1,460 | 1,272 | |||||||||||||||
Portion of rents representative of the
interest factor (1/3) of rental expense |
470 | 458 | 486 | 506 | 441 | |||||||||||||||
Total fixed charges |
$ | 27,425 | $ | 35,388 | $ | 45,312 | $ | 39,480 | $ | 27,060 | ||||||||||
Ratio of earnings to fixed charges (times) |
1.29 | 1.38 | 1.29 | 1.29 | 1.53 | |||||||||||||||
Ratio 2: excluding deposit interest |
||||||||||||||||||||
Earnings: |
||||||||||||||||||||
Income before income taxes |
$ | 8,041 | $ | 13,571 | $ | 13,304 | $ | 11,287 | $ | 14,409 | ||||||||||
Fixed charges |
12,557 | 13,809 | 16,082 | 17,004 | 12,539 | |||||||||||||||
Total |
20,598 | 27,380 | 29,386 | 28,291 | 26,948 | |||||||||||||||
Fixed charges: |
||||||||||||||||||||
Other borrowings |
11,357 | 12,402 | 14,087 | 15,038 | 10,826 | |||||||||||||||
Subordinated debentures |
730 | 949 | 1,509 | 1,460 | 1,272 | |||||||||||||||
Portion of rents representative of the
interest factor (1/3) of rental expense |
470 | 458 | 486 | 506 | 441 | |||||||||||||||
Total fixed charges |
$ | 12,557 | $ | 13,809 | $ | 16,082 | $ | 17,004 | $ | 12,539 | ||||||||||
Ratio of earnings to fixed charges (times) |
1.64 | 1.98 | 1.83 | 1.66 | 2.15 | |||||||||||||||