EX-12 3 ex12.htm COMPUTATION OF RATIOS Computation of Ratios
EXHIBIT 12 - STATEMENT RE: COMPUTATION OF RATIOS

Florida Community Banks, Inc.
Computation of Ratio of Earnings to Fixed Charges

 
Year Ended December 31,
 
2006
2005
2004
 
(Dollars in thousands)
       
Pretax income
$37,760
$29,622
$19,936
Add fixed charges:
      
Interest on deposits
29,741
13,864
7,109
Interest on borrowings
4,624
3,521
2,090
Portion of rental expense representing interest expense
62
61
59
Total fixed charges
34,427
17,446
9,258
       
Income before fixed charges
$72,187
$47,068
$29,194
       
Pretax income
$37,760
$29,622
$19,936
Add fixed charges (excluding interest on deposits):
      
Interest on borrowings
4,624
3,521
2,090
Portion of rental expense representing interest expense
62
61
59
Total fixed charges
4,686
3,582
2,149
       
Income before fixed charges (excluding interest on deposits)
$42,446
$33,204
$22,085
       
Ratio of Earnings to Fixed Charges
      
Including interest on deposits
2.10
2.70
3.15
Excluding interest on deposits
9.06
9.27
10.28