EX-12.1 2 dex121.htm STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS Statement of computation of ratios of earnings

Exhibit 12. 1

HATTERAS FINANCIAL CORP.

COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED

STOCK DIVIDENDS

(in thousands, except ratios)

(unaudited)

Computation of ratio of earnings to combined fixed charges and preferred stock dividends:

 

     Six Months
Ended
June 30,
2009		    Year Ended
December 31,
2008		    September 19,
2007 (Date of
Inception) to
December 31,
2007

Fixed charges (1)

    $ 49,297    $ 104,481    $ 5,332

Preferred stock dividends (2)

      —        —        —  
                    

Combined fixed charges and preferred stock dividends

    $ 49,297    $ 104,481    $ 5,332
                    

Fixed charges

    $ 49,297    $ 104,481    $ 5,332

Net income

      82,305      79,129      1,248
                    
   $ 131,602    $ 183,610    $ 6,580
                    

Ratio of earnings to combined fixed charges and preferred stock dividends

      2.67      1.76      1.23
                    

 

(1)

Fixed charges consist of interest expense on all indebtedness.

 

(2)

No preferred stock was outstanding during these periods.