EX-12 17 ex12compratio.txt 12 Exhibit 12 Matrix Bancorp, Inc. Computation of Ratio of Earnings to Fixed Charges (Unaudited) (Dollars in thousands)
Year Ended December 31, 2001 2000 1999 1998 1997 ----------- ------------ ------------ ------------ ------------ A. Matrix Bancorp, Inc. and subsidiaries (consolidated) Earnings: 1. Income before income taxes ......... $ 12,787 $ 6,501 $ 17,057 $ 13,389 $ 13,297 2. Plus interest expense (A) .......... 65,884 68,089 44,234 36,822 18,471 ----------- ------------ ------------ ------------ ------------ 3. Earnings including interest on 78,671 74,590 61,291 50,211 31,768 deposits 4. Less interest on deposits........... 34,872 26,275 21,589 16,221 8,376 ----------- ------------ ------------ ------------ ------------ 5. Earnings excluding interest on $ 43,799 $ 48,315 $ 39,702 $ 33,990 $ 23,392 deposits =========== ============ ============ ============ ============ Fixed Charges: 6. Including interest on deposits excluding capitalized interest ..... $ 66,119 $ 68,218 $ 44,279 $ 36,901 $ 18,551 7. Less interest on deposits (Line 4) . 34,872 26,275 21,589 16,221 8,376 ----------- ------------ ------------ ------------ ------------ 8. Excluding interest on deposits ..... $ 31,247 $ 41,943 $ 22,690 $ 20,680 $ 10,175 =========== ============ ============ ============ ============ Ratio of Earnings to Fixed Charges: Including interest on deposits (Line 3 divided by Line 6) ....... 1.19x 1.09x 1.38x 1.36x 1.71x Excluding interest on deposits (Line 5 divided by Line 8) ....... 1.40x 1.15x 1.75x 1.64x 2.30x ------------ (A) Includes amounts representing the estimated interest component of net rental payments.