FIRST WEST VIRGINIA BANCORP INC - FORM 10-K - EX-12.1 - STATEMENT REGARDING COMPUTATION OF RATIOS - March 31, 2010

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10-K - FORM 10-K - FIRST WEST VIRGINIA BANCORP INCd10k.htm
EX-3.1 - CERTIFICATE AND ARTICLES OF INCORPORATION - FIRST WEST VIRGINIA BANCORP INCdex31.htm
EX-3.2 - BYLAWS - FIRST WEST VIRGINIA BANCORP INCdex32.htm
EX-23 - CONSENT OF S.R. SNODGRASS, A.C. - FIRST WEST VIRGINIA BANCORP INCdex23.htm
EX-99 - PROXY STATEMENT FOR THE ANNUAL SHAREHOLDERS MEETING - FIRST WEST VIRGINIA BANCORP INCdex99.htm
EX-31 - SECTION 302 CEO CERTIFICATION - FIRST WEST VIRGINIA BANCORP INCdex311.htm
EX-14.1 - CODE OF ETHICS - FIRST WEST VIRGINIA BANCORP INCdex141.htm
EX-32 - SECTION 906 CEO & CFO CERTIFICATION - FIRST WEST VIRGINIA BANCORP INCdex321.htm
EX-10.4 - LEASE BETWEEN PROGRESSIVE BANK, N.A. AND O. V. SMITH & SONS OF BIG CHIMNEY, INC. - FIRST WEST VIRGINIA BANCORP INCdex104.htm
EX-11.1 - STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS - FIRST WEST VIRGINIA BANCORP INCdex111.htm
EX-10.5 - LEASE BETWEEN PROGRESSIVE BANK, N.A. AND DLESK REALTY & INVESTMENT COMPANY - FIRST WEST VIRGINIA BANCORP INCdex105.htm
EX-10.7 - LEASE BETWEEN PROGRESSIVE BANK, N.A. AND RICHARD DLESK, SR. & SHARON NEIS-DLESK - FIRST WEST VIRGINIA BANCORP INCdex107.htm
EX-10.3 - LEASE BETWEEN PROGRESSIVE BANK, N.A. AND ANGELA I. STAUVER - FIRST WEST VIRGINIA BANCORP INCdex103.htm
EX-10.6 - LEASE BETWEEN PROGRESSIVE BANK, N.A. AND ELM GROVE PROPERTIES LLC - FIRST WEST VIRGINIA BANCORP INCdex106.htm
EX-21.1 - SUBSIDIARIES OF THE HOLDING COMPANY - FIRST WEST VIRGINIA BANCORP INCdex211.htm
EX-13.1 - ANNUAL REPORT TO SHAREHOLDERS - FIRST WEST VIRGINIA BANCORP INCdex131.htm
EX-31.1 - SECTION 302 CFO CERTIFICATION - FIRST WEST VIRGINIA BANCORP INCdex3111.htm

Exhibit 12.1

Computation of Ratios

The following formulas were used to calculate the ratios in Financial Information and Supplementary Data, page 23, Selected Financial Data for the years ended December 31, 2009, 2008, 2007, 2006 and 2005, included in this report as Exhibit 13.1.

(Calculation)

Net Income / Weighted average shares of common stock outstanding for the period

=    Earnings Per Share

 

     December 31,
     2009    2008    2007    2006    2005

Net Income

    $2,304,986    $2,205,511    $2,035,962    $2,143,824    $2,262,265

Weighted Average

Shares Outstanding

    1,589,411    1,589,411    1,589,411    1,589,411    1,589,411

Per Share Amount

    $1.45    $1.39    $1.28    $1.35    $1.42

(Calculation)

Cash dividends/ Shares issued

=    Cash dividends declared per share

 

     December 31,
     2009    2008    2007    2006    2005

Cash dividends

    $1,207,952    $1,173,201    $1,161,616    $1,161,616    $1,161,616

Shares issued

    1,589,411    1,589,411    1,589,411    1,589,411    1,589,411

Per Share Amount

    $.76    $.74    $.73    $.73    $.73

(Calculation)

Stockholders’ Equity/ Shares issued

=    Book Value per share

 

     December 31,
     2009    2008    2007    2006    2005

Stockholders’ Equity

    $30,806,237    $28,736,558    $27,214,599    $25,276,954    $23,958,629

Shares issued

    1,589,411    1,589,411    1,589,411    1,589,411    1,589,411

Per Share Amount

    $19.38    $18.08    $15.86    $15.90    $15.07

(Calculation)

Net Income / Total average assets

=    Return on Average Assets

 

     (In thousands)  
     December 31,  
     2009     2008     2007     2006     2005  

Net Income

    $ 2,305      $ 2,206      $ 2,036      $ 2,144      $ 2,262   

Total Average Assets

    $ 266,414      $ 258,275      $ 253,930      $ 262,946      $ 270,500   

Return on Average Assets

      .87 %      .85 %      .80 %      .82 %      .84 % 

(Calculation)

Net Income / Average stockholders’ equity

=    Return on Average Equity

 

     (In thousands)  
     December 31,  
     2009     2008     2007     2006     2005  

Net Income

    $ 2,305      $ 2,206      $ 2,036      $ 2,144      $ 2,262   

Total Average

Stockholders’ Equity

    $ 28,192      $ 27,295      $ 26,223      $ 25,416      $ 24,409   

Return on Average Equity

      8.18 %      8.08 %      7.76 %      8.44 %      9.27 % 

(Calculation)

Average Equity / Average stockholders’ equity

=    Average Equity to Average Assets

 

     (In thousands)  
     December 31,  
     2009     2008     2007     2006     2005  

Total Average

Stockholders’ Equity

    $ 28,192      $ 27,295      $ 26,223      $ 25,416      $ 24,409   

Total Average Assets

    $ 266,414      $ 258,275      $ 253,930      $ 262,946      $ 270,500   

Average Equity

to Average Assets

      10.58 %      10.57 %      10.33 %      9.67 %      9.02 % 

(Calculation)

Cash dividends per share / Net income per share

=    Dividend Payout Ratio

 

     December 31,  
     2009     2008     2007     2006     2005  

Cash dividends

           

per share

    $ .76      $ .74      $ .73      $ .73      $ .73   

Net income per share

    $ 1.45      $ 1.39      $ 1.28      $ 1.35      $ 1.42   

Dividend Payout Ratio

      52.41 %      53.24 %      57.03 %      54.07 %      51.41 % 

(Calculation)

Loans/ Total deposits

=    Loan to Deposit Ratio

 

     December 31,  
     2009     2008     2007     2006     2005  

Loans

    $ 128,581,422      $ 124,634,785      $ 121,739,193      $ 120,709,320      $ 135,214,258   

Total deposits

    $ 221,245,997      $ 206,385,267      $ 203,126,831      $ 210,408,415      $ 218,817,301   

Loan to Deposit Ratio

      58.12 %      60.39 %      59.93 %      57.37 %      61.79 % 

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