LAKELAND BANCORP INC - FORM 10-K - EX-12.1 - STATEMENT OF RATIOS OF EARNINGS TO FIXED CHARGES - March 16, 2011

Attached files

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10-K - FORM 10-K - LAKELAND BANCORP INCd10k.htm
EX-99.1 - CERTIFICATION OF CEO PURSUANT TO SECTION 111(B)(4) - LAKELAND BANCORP INCdex991.htm
EX-21.1 - SUBSIDIARIES OF REGISTRANT - LAKELAND BANCORP INCdex211.htm
EX-31.1 - CERTIFICATION OF CEO PURSUANT TO SECTION 302 - LAKELAND BANCORP INCdex311.htm
EX-32.1 - CERTIFICATION OF CEO & CFO PURSUANT TO SECTION 906 - LAKELAND BANCORP INCdex321.htm
EX-99.2 - CERTIFICATION OF CFO PURSUANT TO SECTION 111(B)(4) - LAKELAND BANCORP INCdex992.htm
EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - LAKELAND BANCORP INCdex231.htm
EX-31.2 - CERTIFICATION OF CFO PURSUANT TO SECTION 302 - LAKELAND BANCORP INCdex312.htm
EX-24.1 - POWER OF ATTORNEY - LAKELAND BANCORP INCdex241.htm

Exhibit 12.1

STATEMENT OF RATIOS OF EARNINGS TO FIXED CHARGES

 

      Year ended December 31,  
     2010      2009     2008      2007      2006  
     (Dollars in thousands)  

Ratio of earnings to fixed charges

   

Earnings:

              

Income from continuing operations before taxes

    $ 29,336       $ (13,173 )    $ 22,389       $ 26,189       $ 24,437   

Fixed charges excluding deposits and preferred stock dividends:

      11,333         14,312        16,583         12,824         11,957   
                                           

Subtotal

      40,669         1,139        38,972         39,013         36,394   

Interest on deposits

      15,195         26,793        39,303         52,274         41,546   
                                           

Total

    $ 55,864       $ 27,932      $ 78,275       $ 91,287       $ 77,940   
                                           

Fixed charges:

              

Interest excluding deposits

    $ 10,700       $ 13,650      $ 16,055       $ 12,376       $ 11,558   

Interest component on rentals1

      633         662        528         448         399   

Preferred stock dividends

      3,987         3,194        —           —           —     
                                           

Subtotal

      15,320         17,506        16,583         12,824         11,957   

Interest on deposits

      15,195         26,793        39,303         52,274         41,546   
                                           

Total

    $ 30,515       $ 44,299      $ 55,886       $ 65,098       $ 53,503   
                                           

Ratio of earnings to fixed charges:

              

Excluding interest on deposits

      2.65         0.07 2      2.35         3.04         3.04   

Including interest on deposits

      1.83         0.63        1.40         1.40         1.46   

 

1

Interest component on rentals estimated to be one-third of rentals

2

The dollar amount for the deficiency for the year ended 12/31/09 is $16.4 million.

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