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 THE RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND

PREFERRED STOCK DIVIDENDS

(in thousands, except ratios)

(unaudited)

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

 

     Year Ended December 31,
     2009    2008    2007

Fixed charges(1)

    $ 96,267    $ 104,481    $ 5,332

Preferred stock dividends (2)

      —        —        —  
                    

Combined fixed charges and preferred stock dividends

    $ 96,267    $ 104,481    $ 5,332
                    

Fixed charges

    $ 96,267    $ 104,481    $ 5,332

Net income

      174,400      79,129      1,248
                    
   $ 270,667    $ 183,610    $ 6,580
                    

Ratio of earnings to combined fixed charges and preferred stock dividends

      2.81      1.76      1.23
                    

 

(1) Fixed charges consist of interest expense on all indebtedness.
(2) No preferred stock was outstanding during these periods.