Attached files
EXHIBIT 12
FIRST REPUBLIC PREFERRED CAPITAL CORPORATION
(A Majority Owned Subsidiary of Bank of America, N.A.)
STATEMENT OF COMPUTATION OF
RATIOS OF EARNINGS TO FIXED CHARGES
Three Months Ended |
Six Months Ended |
Year Ended | |||||||||||||||||||||||||
June 30, | June 30, | Dec.
31, 2009 |
Dec.
26, 2008 |
Dec.
28, 2007 |
Dec. 31, | ||||||||||||||||||||||
($ in thousands)
|
2010 | 2009 | 2010 | 2009 | 2006 | 2005 | |||||||||||||||||||||
I. Earnings: |
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Net income |
$ | 3,484 | $ | 3,373 | $ | 7,073 | $ | 7,342 | $ | 13,887 | $ | 15,881 | $ | 19,410 | $ | 18,456 | $ | 16,176 | |||||||||
Fixed charges excluding preferred stock dividends |
| | | | | | | | | ||||||||||||||||||
Earnings before fixed charges |
$ | 3,484 | $ | 3,373 | $ | 7,073 | $ | 7,342 | $ | 13,887 | $ | 15,881 | $ | 19,410 | $ | 18,456 | $ | 16,176 | |||||||||
II. Fixed charges: |
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Preferred stock dividends |
$ | 2,531 | $ | 2,531 | $ | 5,062 | $ | 5,119 | $ | 10,181 | $ | 10,125 | $ | 13,540 | $ | 14,252 | $ | 14,252 | |||||||||
III. Ratios of earnings to fixed charges |
1.38x | 1.33x | 1.40x | 1.43x | 1.36x | 1.57x | 1.43x | 1.30x | 1.13x | ||||||||||||||||||