FIRSTBANK CORP - FORM 10-K - EX-12 - RATIO OF EARNING TO FIXED CHARGES - March 16, 2011

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EX-14 - CODE OF ETHICS - FIRSTBANK CORPex14.htm
EX-13 - 2010 ANNUAL REPORT TO SHAREHOLDERS - FIRSTBANK CORPex13.htm
EX-99.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 111(B)(4) OF THE EMERGENCY ECONOMIC STABILIZATION ACT OF 2008 AND 31 CFR SUBSECTION 30.15 - FIRSTBANK CORPex99-1.htm
EX-32.1 - CERTIFICATE OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER OF FIRSTBANK CORPORATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 - FIRSTBANK CORPex32-1.htm
EX-31.1 - CERTIFICATE OF CHIEF EXECUTIVE OFFICER OF FIRSTBANK CORPORATION PURSUANT TO 15 U.S.C. SECTION 7241, AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 - FIRSTBANK CORPex31-1.htm
EX-23.1 - CONSENT OF PLANTE & MORAN PLLC - FIRSTBANK CORPex23-1.htm
EX-99.2 - FIRSTBANK CORPORATION 401(K) PLAN PERFORMANCE TABLE - FIRSTBANK CORPex99-2.htm
10-K - FORM 10-K - FIRSTBANK CORPfirstbank_10k-123110.htm
EX-21 - SUBSIDIARIES OF REGISTRANT - FIRSTBANK CORPex21.htm
EX-31.2 - CERTIFICATE OF CHIEF FINANCIAL OFFICER OF FIRSTBANK CORPORATION PURSUANT TO 15 U.S.C. SECTION 7241, AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 - FIRSTBANK CORPex31-2.htm
EXHIBIT 12
Ratio of Earnings to Fixed Charges


(In thousands of dollars)
  
2010
    
2009
    
2008
    
2007
    
2006
  
Fixed charges
                              
    Interest expensed and capitalized
   $ 20,890     $ 25,939     $ 35,353     $ 38,217     $ 30,721  
                                         
 Preference dividends
                                        
    Preferred dividend
     1,650       1,513       0       0       0  
    Divided by 1 - tax rate
     0.66       0.66       0.66       0.66       0.66  
Preference dividend cost
     2,500       2,292       0       0       0  
Total fixed charges and preferred dividends
     23,390       28,231       35,353       38,217       30,721  
                                         
Less: Interest on deposits
     (15,733 )     (18,841 )     (25,468 )     (28,649 )     (22,942 )
Total fixed charges and preferred dividends
   $ 7,657     $ 9,390     $ 9,885     $ 9,568     $ 7,779  
    excluding interest on deposits
                                        
                                         
 Earnings
                                        
    Pre-tax income
   $ 5,275     $ 3,735     $ (343 )   $ 11,277     $ 14,610  
    Add: Fixed charges and preferred dividends
     23,390       28,231       35,353       38,217       30,721  
Total earnings
     28,665       31,966       35,010       49,494       45,331  
                                         
Less: Interest on deposits
     (15,733 )     (18,841 )     (25,468 )     (28,649 )     (22,942 )
Total earnings less interest on deposits
   $ 12,932     $ 13,125     $ 9,542     $ 20,845     $ 22,389  
                                         
Ratio of earnings to fixed charges
                                        
  Including interest on deposits
     1.23 x     1.13 x     0.99 x     1.30 x     1.48 x
  Excluding interest on deposits
     1.69 x     1.40 x     0.97 x     2.18 x     2.88 x

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