Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - WEST BANCORPORATION INC | wtba2011033110q.htm |
| EX-31.2 - EX-31.2 - WEST BANCORPORATION INC | wtba20110331ex312.htm |
| EX-32.1 - EX-32.1 - WEST BANCORPORATION INC | wtba20110331ex321.htm |
| EX-31.1 - EX-31.1 - WEST BANCORPORATION INC | wtba20110331ex311.htm |
| EX-32.2 - EX-32.2 - WEST BANCORPORATION INC | wtba20110331ex322.htm |
EXHIBIT 12
West Bancorporation, Inc. and Subsidiary
Computation of Ratios of Earnings (Loss) to Fixed Charges and Preferred Dividends
Three Months Ended | Year Ended December 31 | ||||||||||||||||||||||
(dollars in thousands) | March 31, 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||
Excluding Interest on Deposits: | |||||||||||||||||||||||
Fixed charges: | |||||||||||||||||||||||
Interest expense | $ | 1,230 | $ | 5,806 | $ | 7,088 | $ | 9,910 | $ | 13,672 | $ | 9,170 | |||||||||||
1/3 of net rent expense | 123 | 505 | 571 | 435 | 455 | 379 | |||||||||||||||||
Total fixed charges | 1,353 | 6,311 | 7,659 | 10,345 | 14,127 | 9,549 | |||||||||||||||||
Preferred dividend requirement | 450 | 1,800 | 1,800 | — | — | — | |||||||||||||||||
Fixed charges and preferred dividends | $ | 1,803 | $ | 8,111 | $ | 9,459 | $ | 10,345 | $ | 14,127 | $ | 9,549 | |||||||||||
Income (loss) before income taxes | $ | 6,172 | $ | 18,713 | $ | (12,407 | ) | $ | 8,697 | $ | 26,414 | $ | 28,077 | ||||||||||
Total fixed charges | 1,353 | 6,311 | 7,659 | 10,345 | 14,127 | 9,549 | |||||||||||||||||
Earnings (loss) before income taxes | |||||||||||||||||||||||
and fixed charges | $ | 7,525 | $ | 25,024 | $ | (4,748 | ) | $ | 19,042 | $ | 40,541 | $ | 37,626 | ||||||||||
Ratio of earnings (loss) before income taxes | |||||||||||||||||||||||
and fixed charges to fixed charges | 5.56 | 3.97 | (0.62 | ) | 1.84 | 2.87 | 3.94 | ||||||||||||||||
Ratio of earnings (loss) before income taxes | |||||||||||||||||||||||
and fixed charges to fixed charges and | |||||||||||||||||||||||
preferred dividends | 4.17 | 3.09 | (0.50 | ) | 1.84 | 2.87 | 3.94 | ||||||||||||||||
Including Interest on Deposits: | |||||||||||||||||||||||
Fixed charges: | |||||||||||||||||||||||
Interest expense | $ | 3,095 | $ | 19,023 | $ | 26,636 | $ | 31,431 | $ | 43,823 | $ | 40,639 | |||||||||||
1/3 of net rent expense | 123 | 505 | 571 | 435 | 455 | 379 | |||||||||||||||||
Total fixed charges | 3,218 | 19,528 | 27,207 | 31,866 | 44,278 | 41,018 | |||||||||||||||||
Preferred dividend requirement | 450 | 1,800 | 1,800 | — | — | — | |||||||||||||||||
Fixed charges and preferred dividends | $ | 3,668 | $ | 21,328 | $ | 29,007 | $ | 31,866 | $ | 44,278 | $ | 41,018 | |||||||||||
Income (loss) before income taxes | $ | 6,172 | $ | 18,713 | $ | (12,407 | ) | $ | 8,697 | $ | 26,414 | $ | 28,077 | ||||||||||
Total fixed charges | 3,218 | 19,528 | 27,207 | 31,866 | 44,278 | 41,018 | |||||||||||||||||
Earnings (loss) before income taxes | |||||||||||||||||||||||
and fixed charges | $ | 9,390 | $ | 38,241 | $ | 14,800 | $ | 40,563 | $ | 70,692 | $ | 69,095 | |||||||||||
Ratio of earnings (loss) before income taxes | |||||||||||||||||||||||
and fixed charges to fixed charges | 2.92 | 1.96 | 0.54 | 1.27 | 1.60 | 1.68 | |||||||||||||||||
Ratio of earnings (loss) before income taxes | |||||||||||||||||||||||
and fixed charges to fixed charges and | |||||||||||||||||||||||
preferred dividends | 2.56 | 1.79 | 0.51 | 1.27 | 1.60 | 1.68 | |||||||||||||||||