DIME COMMUNITY BANCSHARES INC - FORM 10-Q - EX-12.1 - COMPUTATION OF EARNINGS TO FIXED CHARGES - May 7, 2015

Attached files

file filename
10-Q - DIME COMMUNITY BANCSHARES INCform10q.htm
EX-31.2 - CFO CERTIFICATION PURSUANT TO 17 CFR 240.13A-14(A) / 15D-14(A) - DIME COMMUNITY BANCSHARES INCexhibit31-2.htm
EX-32.1 - CEO CERTIFICATION PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 - DIME COMMUNITY BANCSHARES INCexhibit32-1.htm
EX-10.30 - ADOPTION AGREEMENT FOR PENTEGRA SERVICES, INC. VOLUME SUBMITTER 401(K) PROFIT SHARING PLAN - DIME COMMUNITY BANCSHARES INCexhibit10-30.htm
EX-10.37 - THE DIME SAVINGS BANK OF WILLIAMSBURGH 401(K) SAVINGS PLAN - DIME COMMUNITY BANCSHARES INCexhibit10-37.htm
EXCEL - IDEA: XBRL DOCUMENT - DIME COMMUNITY BANCSHARES INCFinancial_Report.xls
EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO RULE 13A-14(A)/15D-14(A) - DIME COMMUNITY BANCSHARES INCexhibit31-1.htm
EX-32.2 - CFO CERTIFICATION PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 - DIME COMMUNITY BANCSHARES INCexhibit32-2.htm
EX-10.39 - AMENDMENT NUMBER ONE TO THE DIME SAVINGS BANK OF WILLIAMSBURGH 401(K) SAVINGS PLAN - DIME COMMUNITY BANCSHARES INCexhibit10-39.htm
 
EXHIBIT 12.1
 
 
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(in thousands, except ratio of earnings to fixed charges)
 
 
The following table sets forth our consolidated ratios of earnings to fixed charges and preferred stock dividends for the periods shown. For purposes of computing the ratios, earnings represent income before taxes, extraordinary items and the cumulative effect of accounting changes, plus fixed charges. Fixed charges represent total interest expense plus an estimate of the interest within rental expense, including and excluding interest on deposits. Currently, the Company has no shares of preferred stock outstanding and have not paid any dividends on preferred stock in the periods shown. Therefore, the ratio of earnings to combined fixed charges and preferred stock dividends is not different from the ratio of earnings to fixed charges.
 
 
Three Months Ended 
 
March 31, 2015
 
March 31, 2014
Ratio of Earnings to Fixed Charges (Including Deposits)
 
 
 
Earnings:
 
 
 
   Income before income taxes
$19,703
 
$17,211
   Add:  Fixed charges, net
13,017
 
11,753
Income before income taxes and fixed charges, net
32,720
 
28,964
Fixed charges
  
 
  
   Interest expense
$12,718
 
$11,471
   One-third of rental expense
                                  299
 
                               282
   Interest on unrecognized tax benefits
0
 
0
Total fixed charges
 $13,017
 
 $11,753
Ratio of Earnings to Fixed Charges
2.51
x
2.46
 x
       
Ratio of Earnings to Fixed Charges (Excluding Deposits)
 
 
 
Earnings:
 
 
 
   Income before income taxes
$19,703
 
$17,211
   Add:  Fixed charges, net
7,797
 
7,132
Income before income taxes and fixed charges, net
27,500
 
24,343
Fixed charges
  
 
  
   Interest expense (excluding deposits)
                               7,498
  
                            6,850
   One-third of rental expense
                                  299
 
                               282
   Interest on unrecognized tax benefits
                                     -
  
                                  -
Total fixed charges
 $7,797
 
 $7,132
Ratio of Earnings to Fixed Charges
3.53
x
3.41
 x

Stock widget

Investing forum

DIME COMMUNITY BANCSHARES INC Reports