EX-12 3 ex12.htm EXHIBIT 12 Exhibit 12
 
EXHIBIT 12 - STATEMENTS RE: COMPUTATION OF RATIOS

Appalachian Bancshares, Inc.
Computation of Ratio of Earnings to Fixed Charges

   
Year Ended December 31,
  
   
2004
  
2003
  
2002
  
   
(Dollars in thousands)
  
               
Pretax income
  
$
5,932
  
$
4,340
  
$
3,674
  
Add fixed charges:
                    
Interest on deposits
    
6,209
    
6,959
    
9,353
  
Interest on borrowings
    
1,349
    
1,297
    
2,073
  
Portion of rental expense representing interest expense
    
30
    
27
    
23
  
Total fixed charges
    
7,588
    
8,283
    
11,449
  
                     
Income before fixed charges
  
$
13,520
  
$
12,623
  
$
15,123
  
                     
Pretax income
  
$
5,932
  
$
4,340
  
$
3,674
  
Add fixed charges (excluding interest on deposits):
                    
Interest on borrowings
    
1,349
    
1,297
    
2,073
  
Portion of rental expense representing interest expense
    
30
    
27
    
23
  
Total fixed charges
    
1,379
    
1,324
    
2,096
  
                     
Income before fixed charges (excluding interest on deposits)
  
$
7,311
  
$
5,664
  
$
5,770
  
                     
Ratio of Earnings to Fixed Charges
                    
Including interest on deposits
    
1.78
    
1.52
    
1.32
  
Excluding interest on deposits
    
5.30
    
4.28
    
2.75