FIRST WEST VIRGINIA BANCORP INC - FORM 10-K - EX-12.1 - STATEMENT REGARDING COMPUTATION OF RATIOS - March 31, 2011

Attached files

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10-K - FORM 10-K - FIRST WEST VIRGINIA BANCORP INCd10k.htm
EX-31 - SECTION 302 CEO CERTIFICATION - FIRST WEST VIRGINIA BANCORP INCdex31.htm
EX-32 - SECTION 906 CEO & CFO CERTIFICATION - FIRST WEST VIRGINIA BANCORP INCdex32.htm
EX-23 - CONSENT OF S.R. SNODGRASS, A.C. - FIRST WEST VIRGINIA BANCORP INCdex23.htm
EX-11.1 - STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS - FIRST WEST VIRGINIA BANCORP INCdex111.htm
EX-31.1 - SECTION 302 CFO CERTIFICATION - FIRST WEST VIRGINIA BANCORP INCdex311.htm
EX-21.1 - SUBSIDIARIES OF THE HOLDING COMPANY - FIRST WEST VIRGINIA BANCORP INCdex211.htm
EX-14.1 - CODE OF ETHICS - FIRST WEST VIRGINIA BANCORP INCdex141.htm
EX-13.1 - ANNUAL REPORT TO SHAREHOLDERS, AS LISTED IN PART II, ITEM 8 - FIRST WEST VIRGINIA BANCORP INCdex131.htm

Exhibit 12.1

Statement Regarding Computation of Ratios

Computation of Ratios

The following formulas were used to calculate the ratios in Financial Information and Supplementary Data, page 23, Selected Financial Data for the years ended December 31, 2010, 2009, 2008, 2007, and 2006, included in this report as Exhibit 13.1.

(Calculation)

Net income/Weighted average shares of common stock outstanding for the period

=    Earnings Per Share

 

     December 31,  
     2010      2009      2008      2007      2006  

Net Income

      $2,339,281         $2,304,986         $2,205,511         $2,035,962         $2,143,824   

Weighted Average

Shares Outstanding

      1,652,814         1,652,814         1,652,814         1,652,814         1,652,814   

Per Share Amount

      $1.42         $1.39         $1.33         $1.23         $1.30   

(Calculation)

Cash dividends/Shares issued

=    Cash dividends declared per share

 

     December 31,  
     2010      2009      2008      2007      2006  

Cash dividends

      $1,210,677         $1,207,952         $1,175,794         $1,161,616         $1,161,616   

Shares issued

      1,652,814         1,652,814         1,652,814         1,652,814         1,652,814   

Per Share Amount

      $0.73         $0.73         $0.71         $0.70         $0.70   

(Calculation)

Stockholders’ equity/Shares issued

=    Book Value per share

 

     December 31,  
     2010      2009      2008      2007      2006  

Stockholders’ equity

      $31,101,185         $30,806,237         $28,736,558         $27,214,599         $25,276,954   

Shares issued

      1,652,814         1,652,814         1,652,814         1,652,814         1,652,814   

Per Share Amount

      $18.82         $18.64         $17.39         $16.47         $15.29   

(Calculation)

Net income/Total average assets

=    Return on average equity

 

     (In thousands)  
     December 31,  
     2010     2009     2008     2007     2006  

Net income

    $ 2,339      $ 2,305      $ 2,206      $ 2,036      $ 2,144   

Total average assets

    $ 273,778      $ 266,414      $ 258,275      $ 253,930      $ 262,946   

Return on average assets

      0.85 %      0.87 %      0.85 %      0.80 %      0.82 % 

(Calculation)

Net income/Average stockholders’ equity

=    Return on average equity

     (In thousands)  
     December 31,  
     2010     2009     2008     2007     2006  

Net income

    $ 2,339      $ 2,305      $ 2,206      $ 2,036      $ 2,144   

Total average stockholders’ equity

    $ 29,415      $ 28,192      $ 27,295      $ 26,223      $ 25,416   

Return on average equity

      7.95 %      8.18 %      8.08 %      7.76 %      8.44 % 

(Calculation)

Average equity/Average stockholders’ equity

=    Average equity to average assets

 

     (In thousands)  
     December 31,  
     2010     2009     2008     2007     2006  

Total average stockholders’ equity

    $ 29,415      $ 28,192      $ 27,295      $ 26,223      $ 25,416   

Total average assets

    $ 273,778      $ 266,414      $ 258,275      $ 253,930      $ 262,946   

Average equity to Average assets

      10.74 %      10.58 %      10.57 %      10.33 %      9.67 % 

(Calculation)

Cash dividends per share/net income per share

=    Dividend payout ratio

 

     December 31,  
     2010     2009     2008     2007     2006  

Cash dividends per share

    $ 0.73      $ 0.73      $ 0.71      $ 0.70      $ 0.70   

Net Income per share

    $ 1.42      $ 1.39      $ 1.33      $ 1.23      $ 1.30   

Dividend Payout Ratio

      51.41 %      52.52 %      53.38 %      56.91 %      53.85 % 

(Calculation)

Loans/Total deposits

=    Loan to deposit ratio

 

     December 31,  
     2010     2009     2008     2007     2006  

Loans

    $ 121,367,066      $ 128,581,422      $ 124,634,785      $ 121,739,193      $ 120,709,320   

Total deposits

    $ 228,474,738      $ 221,245,997      $ 206,385,267      $ 203,126,831      $ 210,408,415   

Loan to deposit ratio

      53.12 %      58.12 %      60.39 %      59.93 %      57.37 % 

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