Attached files
file | filename |
---|---|
10-K - FORM 10-K - CAPITAL CROSSING PREFERRED CORP | b84091e10vk.htm |
EX-32 - EX-32 - CAPITAL CROSSING PREFERRED CORP | b84091exv32.htm |
EX-31.2 - EX-31.2 - CAPITAL CROSSING PREFERRED CORP | b84091exv31w2.htm |
EX-31.1 - EX-31.1 - CAPITAL CROSSING PREFERRED CORP | b84091exv31w1.htm |
EX-23.1 - EX-23.1 - CAPITAL CROSSING PREFERRED CORP | b84091exv23w1.htm |
Exhibit 12.1
Computation of Earnings to Combined Fixed Charges and Preferred Stock Dividends
(Unaudited)
(Unaudited)
2010(1) | 2009 (2)(3) | 2008 | 2007 | 2006 | ||||||||||||||||
(Dollars In Thousands) | ||||||||||||||||||||
Earnings: |
||||||||||||||||||||
Net (loss) income |
$ | 7,657 | $ | (12,827 | ) | $ | 6,030 | $ | 8,249 | $ | 12,120 | |||||||||
Preferred stock dividends declared |
(1,725 | ) | (816 | ) | (3,262 | ) | (4,006 | ) | (6,529 | ) | ||||||||||
Income taxes |
| | | | | |||||||||||||||
Interest expense |
| | | | | |||||||||||||||
$ | 5,932 | $ | (13,643 | ) | $ | 2,768 | $ | 4,243 | $ | 5,591 | ||||||||||
Fixed charges: |
||||||||||||||||||||
Preferred stock dividends declared |
$ | 1,725 | $ | 816 | $ | 3,262 | $ | 4,006 | $ | 6,529 | ||||||||||
Interest expense |
| | | | | |||||||||||||||
$ | 1,725 | $ | 816 | $ | 3,262 | $ | 4,006 | $ | 6,529 | |||||||||||
Ratio of earnings to fixed charges |
3.44 | (16.72 | ) | 0.85 | 1.06 | 0.86 | ||||||||||||||
(1) | Net income includes $6,498 of gains on loans held for sale. | |
(2) | Net loss includes $16,263 of losses on loans held for sale. | |
(3) | For the year ended December 31, 2009, EOS ratio of earnings to combined fixed charges and preferred stock dividends indicated a less than one-to-one coverage. The deficiency was a result of earnings that were $12.0 million less than fixed charges primarily from the loss of $16,263 on loans held for sale. |