EX-12 3 dex12.htm STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Statement Regarding Computation of Ratio of Earnings to Fixed Charges

EXHIBIT 12

 

Computation of Ratios of Earnings to Fixed Charges

 

    

2002

     

2001

     

2000

     

1999

  

Income before Income Taxes

   

$

214,743

 

   

$

191,897

 

   

 

 189,741

 

   

$

187,396

 

Fixed Charges:

                                    

Interest Expense

   

 

322,261

 

   

 

480,240

 

   

 

517,754

 

   

 

384,891

 

 1/3 Rent Expense

   

 

7,511

 

   

 

6,222

 

   

 

5,661

 

   

 

4,943

 

    
  
  
  

Total Fixed Charges

   

 

329,772

 

   

 

486,462

 

   

 

523,415

 

   

 

389,834

 

Total

   

$

544,515

 

   

$

678,359

 

   

$

713,156

 

   

$

577,230

 

Ratio of Earnings to Fixed Charges

   

 

1.65

%

   

 

1.39

%

   

 

1.36

%

   

 

1.48

%

Interest on Deposits

   

$

185,520

 

   

$

323,499

 

   

$

359,460

 

   

$

279,166

 

Ratio of Earnings to Fixed Charges excluding interest on deposits

   

 

2.49

%

   

 

2.18

%

   

 

2.16

%

   

 

2.69

%