Attached files
| file | filename |
|---|---|
| EX-31.1 - EXHIBIT 31.1 - WashingtonFirst Bankshares, Inc. | exhibit311.htm |
| EX-23 - EXHIBIT 23 - WashingtonFirst Bankshares, Inc. | exhibit23.htm |
| EX-14 - EXHIBIT 14 - WashingtonFirst Bankshares, Inc. | exhibit14.htm |
| EX-21 - EXHIBIT 21 - WashingtonFirst Bankshares, Inc. | exhibit21.htm |
| EX-31.2 - EXHIBIT 31.2 - WashingtonFirst Bankshares, Inc. | exhibit312.htm |
| EX-32.1 - EXHIBIT 32.1 - WashingtonFirst Bankshares, Inc. | exhibit321.htm |
| 10-K - FORM 10-K - WashingtonFirst Bankshares, Inc. | a201510kdocumentuse.htm |
Exhibit 12
WashingtonFirst Bankshares, Inc.
Computation of Consolidated Ratio of Earnings to Combined Fixed Charges
For the Year Ended December 31, | |||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||
(dollars in thousands) | |||||||||||||||||||
Earnings: | |||||||||||||||||||
Income before taxes | $ | 18,724 | $ | 13,777 | $ | 8,966 | $ | 3,408 | $ | 4,401 | |||||||||
Add: Interest expense, including deposits | 9,211 | 7,219 | 6,130 | 4,949 | 5,009 | ||||||||||||||
Add: Estimated interest component of net rental expense | 2,109 | 1,925 | 1,832 | 910 | 764 | ||||||||||||||
Total earnings including fixed charges | 30,044 | 22,921 | 16,928 | 9,267 | 10,174 | ||||||||||||||
Fixed charges: | |||||||||||||||||||
Interest on deposits | 6,431 | 5,443 | 4,764 | 4,074 | 4,073 | ||||||||||||||
Interest on borrowings | 2,780 | 1,776 | 1,366 | 875 | 936 | ||||||||||||||
Preferred stock dividend requirements (pre-tax) | 113 | 235 | 252 | 271 | 1,143 | ||||||||||||||
Add: Estimated interest component of net rental expense | 2,109 | 1,925 | 1,832 | 910 | 764 | ||||||||||||||
Total fixed charges | 11,433 | 9,379 | 8,214 | 6,130 | 6,916 | ||||||||||||||
Ratio of earnings to fixed charges and preferred stock dividend requirement (pre-tax) (1) | 2.63 | 2.44 | 2.06 | 1.51 | 1.47 | ||||||||||||||
Earnings, excluding interest on deposits: | |||||||||||||||||||
Total earning including fixed charges | 30,044 | 22,921 | 16,928 | 9,267 | 10,174 | ||||||||||||||
Less interest on deposits | 6,431 | 5,443 | 4,764 | 4,074 | 4,073 | ||||||||||||||
Total earnings excluding interest on deposits | 23,613 | 17,478 | 12,164 | 5,193 | 6,101 | ||||||||||||||
Fixed charges, excluding interest on deposits: | |||||||||||||||||||
Total fixed charges | 11,433 | 9,379 | 8,214 | 6,130 | 6,916 | ||||||||||||||
Less interest on deposits | 6,431 | 5,443 | 4,764 | 4,074 | 4,073 | ||||||||||||||
Total fixed charges, excluding interest on deposits | 5,002 | 3,936 | 3,450 | 2,056 | 2,843 | ||||||||||||||
Ratio of earnings to fixed charges and preferred stock dividend requirement (pre-tax), excluding interest on deposits (2) | 4.72 | 4.44 | 3.53 | 2.53 | 2.15 | ||||||||||||||
(1) The ratio of earnings to fixed charges and preferred stock dividend requirement is computed by dividing (a) earnings including fixed charges by (b) total fixed charges. | |||||||||||||||||||
(2) The ratio of earnings to fixed charges and preferred stock dividend requirement excluding interest on deposits is computed by dividing (a) total earnings excluding interest on deposits by (b) total fixed charges, excluding interest on deposits. | |||||||||||||||||||