Attached files
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 |