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10-Q - FORM 10-Q - FIRST REPUBLIC PREFERRED CAPITAL CORPfrcco10q3q2011.htm
EX-31.2 - CERTIFICATION PURSUANT TO SECTION 302. - FIRST REPUBLIC PREFERRED CAPITAL CORPfrccoex312.htm
EX-31.1 - CERTIFICATION PURSUANT TO SECTION 302. - FIRST REPUBLIC PREFERRED CAPITAL CORPfrccoex311.htm
EX-32.2 - CERTIFICATION PURSUANT TO SECTION 906. - FIRST REPUBLIC PREFERRED CAPITAL CORPfrccoex322.htm
EX-32.1 - CERTIFICATION PURSUANT TO SECTION 906. - FIRST REPUBLIC PREFERRED CAPITAL CORPfrccoex321.htm
EXCEL - IDEA: XBRL DOCUMENT - FIRST REPUBLIC PREFERRED CAPITAL CORPFinancial_Report.xls


EXHIBIT 12

FIRST REPUBLIC PREFERRED CAPITAL CORPORATION
(A Majority Owned Subsidiary of First Republic Bank)
STATEMENT OF COMPUTATION OF
RATIOS OF EARNINGS TO FIXED CHARGES

 
Three Months Ended
 
Nine
Months
Ended
 
Six Months Ended
 
Year Ended
($ in thousands)
Sept. 30, 2011
 
Sept. 30, 2010
 
Sept. 30, 2011
 
Dec. 31, 2010
 
June 30, 2010
 
Dec. 31, 2009
 
Dec. 26, 2008
 
Dec. 28, 2007
 
Dec. 31, 2006
I. Earnings:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
$
4,041

 
$
4,333

 
$
12,925

 
$
9,314

 
$
7,073

 
$
13,887

 
$
15,881

 
$
19,410

 
$
18,456

 Fixed charges excluding preferred stock dividends

 

 

 

 

 

 

 

 

Earnings before fixed charges
$
4,041

 
$
4,333

 
$
12,925

 
$
9,314

 
$
7,073

 
$
13,887

 
$
15,881

 
$
19,410

 
$
18,456

II. Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Preferred stock dividends
$
2,531

 
$
2,531

 
$
7,593

 
$
5,063

 
$
5,062

 
$
10,181

 
$
10,125

 
$
13,540

 
$
14,252

III. Ratios of earnings to fixed charges
1.60x

 
1.71x

 
1.70x

 
1.84x

 
1.40x

 
1.36x

 
1.57x

 
1.43x

 
1.30x