EX-12 2 ex12.htm EXHIBIT 12 ex12.htm
Exhibit 12

UNITED COMMUNITY BANKS, INC.
                              
RATIO OF EARNINGS TO FIXED CHARGES (Regulation S-K 503 (d))
  
                                 
     
12/31/11
    
12/31/10
    
12/31/09
    
12/31/08
    
12/31/07
  
                                 
EARNINGS
                              
+
 Pre-tax income from continuing operations
     (230,729 )     (432,292 )     (319,499 )     (101,811 )     88,974  
+
 Fixed charges
     84,636       116,686       176,574       230,528       277,614  
+
 Amortization of capitalized interest
     -       -       -       -       -  
-
 Capitalized interest
     -       -       -       -       -  
-
 Preferred Series A dividends (pre-tax equivalent)
     (20 )     (20 )     (22 )     (24 )     (28 )
-
 Preferred Series B dividends (pre-tax equivalent)
     (13,875 )     (13,846 )     (13,846 )     (962 )     -  
-
 Preferred Series B accretion (pre-tax equivalent)
     (2,125 )     (2,004 )     (1,890 )     (127 )     -  
-
 Preferred Series D dividends (pre-tax equivalent)
     (2,192 )     -       -       -       -  
 
      Total earnings
     (164,305 )     (331,476 )     (158,683 )     127,604       366,560  
 
 Interest on deposits
     48,839       81,732       141,377       198,301       229,591  
 
      Total earnings exc. deposit int.
     (213,144 )     (413,208 )     (300,060 )     (70,697 )     136,969  
                                           
FIXED CHARGES
                                        
+
 Interest expensed
     65,675       100,071       159,734       228,265       276,434  
+
 Interest capitalized
     -       -       -       -       -  
+
 Interest included in rental expense
     749       745       1,082       1,150       1,152  
+
 Preferred Series A dividends (pre-tax equivalent)
     20       20       22       24       28  
+
 Preferred Series B dividends (pre-tax equivalent)
     13,875       13,846       13,846       962       -  
+
 Preferred Series B accretion (pre-tax equivalent)
     2,125       2,004       1,890       127       -  
+
 Preferred Series D dividends (pre-tax equivalent)
     2,192       -       -       -       -  
 
      Total fixed charges
     84,636       116,686       176,574       230,528       277,614  
 
 Interest on deposits
     48,839       81,732       141,377       198,301       229,591  
 
      Total fixed charges exc. deposit int.
     35,797       34,954       35,197       32,227       48,023  
                                           
RATIO OF EARNINGS TO FIXED CHARGES
                                        
 
 Including interest on deposits
     (1.94 ) x     (2.84 ) x     (.90 ) x     .55 x     1.32 x
 
 Excluding interest on deposits
     (5.95 ) x     (11.82 ) x     (8.53 ) x     (2.19 ) x     2.85 x
                                           
 
 DEFICIENCY (503(d) 1(A)) with deposit int
     248,941       448,162       335,257       102,924       -  
 
 DEFICIENCY (503(d) 1(A)) without deposit int
     248,941       448,162       335,257       102,924       -