Attached files
file | filename |
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EX-31.2 - EX-31.2 - LAKELAND BANCORP INC | d19172dex312.htm |
EX-31.1 - EX-31.1 - LAKELAND BANCORP INC | d19172dex311.htm |
EX-21.1 - EX-21.1 - LAKELAND BANCORP INC | d19172dex211.htm |
EX-32.1 - EX-32.1 - LAKELAND BANCORP INC | d19172dex321.htm |
EX-23.1 - EX-23.1 - LAKELAND BANCORP INC | d19172dex231.htm |
EX-24.1 - EX-24.1 - LAKELAND BANCORP INC | d19172dex241.htm |
EX-10.38 - EX-10.38 - LAKELAND BANCORP INC | d19172dex1038.htm |
10-K - FORM 10-K - LAKELAND BANCORP INC | d19172d10k.htm |
Exhibit 12.1
STATEMENT OF RATIOS OF EARNINGS TO FIXED CHARGES
Ratio of earnings to fixed charges | Year ended December 31, | |||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||
Earnings: |
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Income from continuing operations before taxes |
$ | 48,648 | $ | 46,288 | $ | 37,419 | $ | 31,838 | $ | 28,563 | ||||||||||
Fixed charges excluding deposits and preferred stock dividends: |
6,015 | 4,764 | 4,402 | 7,815 | 9,862 | |||||||||||||||
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Subtotal |
54,663 | 51,052 | 41,821 | 39,653 | 38,425 | |||||||||||||||
Interest on deposits |
5,755 | 5,064 | 6,089 | 8,344 | 10,878 | |||||||||||||||
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Total |
$ | 60,418 | $ | 56,116 | $ | 47,910 | $ | 47,997 | $ | 49,303 | ||||||||||
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Fixed charges: |
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Interest excluding deposits |
$ | 5,118 | $ | 3,873 | $ | 3,568 | $ | 7,102 | $ | 9,233 | ||||||||||
Interest component on rentals* |
897 | 891 | 834 | 713 | 629 | |||||||||||||||
Preferred stock dividends |
| | | 620 | 2,167 | |||||||||||||||
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Subtotal |
6,015 | 4,764 | 4,402 | 8,435 | 12,029 | |||||||||||||||
Interest on deposits |
5,755 | 5,064 | 6,089 | 8,344 | 10,878 | |||||||||||||||
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Total |
$ | 11,770 | $ | 9,828 | $ | 10,491 | $ | 16,779 | $ | 22,907 | ||||||||||
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Ratio of earnings to fixed charges: |
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Excluding interest on deposits |
9.09 | 10.72 | 9.50 | 4.70 | 3.19 | |||||||||||||||
Including interest on deposits |
5.13 | 5.71 | 4.57 | 2.86 | 2.15 |
* | Interest component on rentals estimated to be one-third of rentals |