EX-12.1 2 lbai12312018ex-1211.htm EXHIBIT 12.1 Exhibit


Exhibit 12.1
STATEMENT OF RATIOS OF EARNINGS TO FIXED CHARGES
 
 
 
Year ended December 31,
 
 
2018
 
2017
 
2016
 
2015
 
2014
 
 
(dollars in thousands)
Earnings:
 
 
 
 
 
 
 
 
 
 
Income from continuing operations before taxes
 
80,289

 
$
80,049

 
$
62,839

 
$
48,648

 
$
46,288

Fixed charges excluding deposits and preferred stock dividends:
 
9,927

 
9,403

 
8,206

 
6,015

 
4,764

Subtotal
 
90,216

 
89,452

 
71,045

 
54,663

 
51,052

Interest on deposits
 
30,620

 
16,600

 
10,512

 
5,755

 
5,064

Total
 
$
120,836

 
$
106,052

 
$
81,557

 
$
60,418

 
$
56,116

Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest excluding deposits
 
$
8,942

 
$
8,366

 
$
7,135

 
$
5,118

 
$
3,873

Interest component on rentals*
 
985

 
1,037

 
1,071

 
897

 
891

Subtotal
 
9,927

 
9,403

 
8,206

 
6,015

 
4,764

Interest on deposits
 
30,620

 
16,600

 
10,512

 
5,755

 
5,064

Total
 
$
40,547

 
$
26,003

 
$
18,718

 
$
11,770

 
$
9,828

Ratio of earnings to fixed charges:
 
 
 
 
 
 
 
 
 
 
Excluding interest on deposits
 
9.09

 
9.51

 
8.66

 
9.09

 
10.72

Including interest on deposits
 
2.98

 
4.08

 
4.36

 
5.13

 
5.71

 
*
Interest component on rentals estimated to be one-third of rentals.