Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - TCF FINANCIAL CORP | a10-5670_110q.htm |
| EX-32 - EX-32 - TCF FINANCIAL CORP | a10-5670_1ex32.htm |
| EX-31 - EX-31 - TCF FINANCIAL CORP | a10-5670_1ex31.htm |
| EX-12.(B) - EX-12.(B) - TCF FINANCIAL CORP | a10-5670_1ex12db.htm |
Exhibit 12(a)
CONSOLIDATED RATIOS OF EARNINGS TO FIXED CHARGES
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Three Months |
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Ended |
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Year Ended December 31, |
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(Dollars in thousands) |
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March 31, 2010 |
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2009 |
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2008 |
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2007 |
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2006 |
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Earnings (1): |
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Income before income tax expense |
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$ |
55,012 |
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$ |
132,541 |
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$ |
205,660 |
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$ |
372,518 |
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$ |
357,108 |
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Fixed charges |
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72,148 |
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337,376 |
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383,273 |
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430,134 |
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360,708 |
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Other adjustments (2) |
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(349 |
) |
125 |
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(576 |
) |
(862 |
) |
(1,054 |
) |
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Total earnings (a) |
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$ |
126,811 |
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$ |
470,042 |
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$ |
588,357 |
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$ |
801,790 |
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$ |
716,762 |
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Fixed charges (1): |
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Interest on deposits |
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$ |
17,604 |
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$ |
122,112 |
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$ |
156,774 |
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$ |
230,625 |
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$ |
195,324 |
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Interest on borrowings |
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51,546 |
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203,063 |
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213,948 |
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187,221 |
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153,284 |
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Interest portion of rental expense (3) |
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2,916 |
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11,781 |
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11,850 |
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11,323 |
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10,959 |
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Other adjustments (4) |
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82 |
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420 |
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701 |
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965 |
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1,141 |
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Total fixed charges (b) |
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$ |
72,148 |
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$ |
337,376 |
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$ |
383,273 |
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$ |
430,134 |
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$ |
360,708 |
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Ratio of earnings to fixed charges (a/b) |
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1.76x |
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1.39x |
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1.54x |
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1.86x |
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1.99x |
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Earnings, excluding interest on deposits: |
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Total earnings |
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$ |
126,811 |
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$ |
470,042 |
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$ |
588,357 |
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$ |
801,790 |
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$ |
716,762 |
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Less interest on deposits |
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17,604 |
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122,112 |
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156,774 |
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230,625 |
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195,324 |
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Total earnings excluding interest on deposits (c) |
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$ |
109,207 |
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$ |
347,930 |
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$ |
431,583 |
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$ |
571,165 |
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$ |
521,438 |
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Fixed charges, excluding interest on deposits: |
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Total fixed charges |
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$ |
72,148 |
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$ |
337,376 |
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$ |
383,273 |
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$ |
430,134 |
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$ |
360,708 |
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Less interest on deposits |
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17,604 |
|
122,112 |
|
156,774 |
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230,625 |
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195,324 |
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Total fixed charges, excluding interest on deposits (d) |
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$ |
54,544 |
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$ |
215,264 |
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$ |
226,499 |
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$ |
199,509 |
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$ |
165,384 |
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Ratio
of earnings to fixed charges, excluding |
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2.00x |
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1.62x |
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1.91x |
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2.86x |
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3.15x |
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(1) As defined in Item 503 (d) of Regulation S-K.
(2) For purposes of the “earnings” computation, other adjustments include adding the amortization of capitalized interest and subtracting interest capitalized.
(3) The appropriate portion of rental expense (generally one-third) deemed representative of the interest factor.
(4) For purposes of the “fixed charges” computation, other adjustments include capitalized interest costs.
(5) The ratio of earning to fixed charges, excluding interest on deposits, is being provided as an additional measure to provide comparability to the ratios disclosed by all other issuers of debt securities.