EX-12.1 8 dex121.txt CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES. Exhibit 12.1 PrivateBancorp, Inc. Computation of Earnings to Fixed Charges (Dollars in thousands) Earnings to fixed charges
Year Ended December 31 2002 2001 2000 1999 1998 1997 ---- ---- ---- ---- ---- ---- Including Interest on Deposits Earnings: Earnings before income taxes $14,277 $ 8,251 $ 6,688 $ 4,172 $ 4,849 $ 3,387 Fixed Charges from below 31,241 37,637 33,331 16,605 13,312 10,081 ------- ------- ------- -------- -------- ------- Earnings $45,518 $45,888 $40,019 $20,777 $18,161 $13,468 Fixed Charges: Interest expense $31,241 $37,637 $33,331 $16,605 $13,312 $10,081 Interest Portion of Fixed Rentals (1) - - - - - - ------- ------- ------- ------- ------- ------- Total Interest expense $31,241 $37,637 $33,331 $16,605 $13,312 $10,081 Ratio to Earning to Fixed Charges 1.46 X 1.22 X 1.20 X 1.25 X 1.36 X 1.34 X (1) The company is not a party to any capital leases therefore, this item is not applicable. All leases are operating leases Excluding Interest on Deposits Earnings before income taxes $14,277 $ 8,251 $ 6,688 $ 4,172 $ 4,849 $ 3,387 Fixed Charges from below 7,264 8,058 4,116 931 19 3 ------- ------- ------- ------- ------- ------- Earnings before income taxes $21,541 $16,309 $10,804 $ 5,103 $ 4,868 $ 3,390 Fixed charges: Interest expense (excluding deposits) $ 7,264 $ 8,058 $ 4,116 $ 931 $ 19 $ 3 Interest Portion of Fixed Rentals (1) $ - $ - - - - - -------- ------- ------- ------- ------- ------- Total Interest expense $ 7,264 $ 8,058 $ 4,116 $ 931 $ 19 $ 3 Ratio to Earning to Fixed Charges 2.97 X 2.02 X 2.62 X 5.48 X 256.21 X 1130.00 X
(1) The company is not a party to any capital leases therefore, this item is not applicable. All leases are operating leases