Attached files

file filename
10-K - FORM 10-K - UMPQUA HOLDINGS CORPd10k.htm
EX-32 - CERTIFICATION OF CEO, CFO, AND PAO PURSUANT TO SECTION 906 - UMPQUA HOLDINGS CORPdex32.htm
EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER UNDER SECTION 302 - UMPQUA HOLDINGS CORPdex311.htm
EX-21.1 - SUBSIDIARIES OF THE REGISTRANT - UMPQUA HOLDINGS CORPdex211.htm
EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER UNDER SECTION 302 - UMPQUA HOLDINGS CORPdex312.htm
EX-31.3 - CERTIFICATION OF PRINCIPAL ACCOUNTING OFFICER UNDER SECTION 302 - UMPQUA HOLDINGS CORPdex313.htm
EX-99.2 - SUBSEQUENT YEAR CERTIFICATION OF THE CHIEF FINANCIAL OFFICER - UMPQUA HOLDINGS CORPdex992.htm
EX-99.1 - SUBSEQUENT YEAR CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER - UMPQUA HOLDINGS CORPdex991.htm
EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - UMPQUA HOLDINGS CORPdex231.htm

Exhibit 12

Ratio of Earnings to Fixed Charges

The following table shows the ratio of earnings to fixed charges for the Company, on a consolidated basis.

 

     For the Year Ended December 31,  
     2010      2009     2008      2007      2006      2005  

Consolidated ratios of earnings to fixed charges

                

Excluding interest on deposits

     2.94         (12.60     4.20         5.40         6.48         9.02   

Including interest on deposits

     1.36         (0.89     1.48         1.47         1.91         2.47   

The ratio of earnings to fixed charges is calculated as net income before income taxes plus fixed charges minus interest capitalized.

Fixed charges, excluding interest on deposits, consist of:

 

   

Contractual interest on short-term borrowing and long-term debt,

 

   

Amortization of debt issuance costs,

 

   

Capitalized interest, and

 

   

Amortization of fair value of adjustments for instruments assumed in purchase business combinations.

Fixed charges, including interest on deposits, consist of all of the items listed immediately above and interest on deposits.