EX-12 4 g68584ex12.txt STATEMENT OF COMPUTATION OF RATIOS 1 EXHIBIT 12 - STATEMENT RE: COMPUTATION OF RATIOS COMMUNITY BANCSHARES, INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Years Ended December 31, --------------------------------- 2000 1999 1998 -------- -------- -------- (Dollars in thousands) Pretax income .................................................... $ (3,919) $ 2,161 $ 5,106 Add fixed charges: Interest on deposits ......................................... 29,711 23,594 21,963 Interest on borrowings ....................................... 3,818 1,023 730 Portion of rental expense representing interest expense ...... 519 227 180 -------- -------- -------- Total fixed charges ...................................... 34,048 24,844 22,873 -------- -------- -------- Income before fixed charges ...................................... $ 30,129 $ 27,005 $ 27,979 ======== ======== ======== Pretax income .................................................... $ (3,919) $ 2,161 $ 5,106 Add fixed charges: Interest on borrowings ....................................... 3,818 1,023 730 Portion of rental expense representing interest expense ...... 519 227 180 -------- -------- -------- Total fixed charges (excluding interest on deposits) ..... 4,337 1,250 910 -------- -------- -------- Income before fixed charges (excluding interest on deposits) ..... $ 418 $ 3,411 $ 6,016 ======== ======== ======== RATIO OF EARNINGS TO FIXED CHARGES: Including interest on deposits ............................... .88x 1.09x 1.22x Excluding interest on deposits ............................... .10x 2.73x 6.61x