EX-12 11 0011.txt
Exhibit 12 Matrix Bancorp, Inc. Computation of Ratio of Earnings to Fixed Charges (Unaudited) (Dollars in thousands) Year Ended December 31, 2000 1999 1998 1997 1996 ------------- -------------- -------------- -------------- ------------- A. Matrix Bancorp, Inc. and subsidiaries (consolidated) Earnings: 1. Income before income taxes ..............$ 6,501 $ 17,057 $ 13,389 $ 13,297 $ 5,848 2. Plus interest expense (A) ............... 68,089 44,234 36,822 18,471 10,670 ------------- -------------- -------------- -------------- ------------- 3. Earnings including interest on deposits 74,590 61,291 50,211 31,768 16,518 4. Less interest on deposits................ 26,275 21,589 16,221 8,376 3,760 ------------- -------------- -------------- -------------- ------------- 5. Earnings excluding interest on deposits $ 48,315 $ 39,702 $ 33,990 $ 23,392 $ 12,758 ============= ============== ============== ============== ============= Fixed Charges: 6. Including interest on deposits excluding capitalized interest ...................$ 68,218 $ 44,279 $ 36,901 $ 18,551 $ 10,708 7. Less interest on deposits (Line 4) ...... 26,275 21,589 16,221 8,376 3,760 ------------- -------------- -------------- -------------- ------------- 8. Excluding interest on deposits ..........$ 41,943 $ 22,690 $ 20,680 $ 10,175 $ 6,948 ============= ============== ============== ============== ============= Ratio of Earnings to Fixed Charges: Including interest on deposits (Line 3 divided by Line 6) ............ 1.09x 1.38x 1.36x 1.71x 1.54x Excluding interest on deposits (Line 5 divided by Line 8) ............ 1.15x 1.75x 1.64x 2.30x 1.84x
------------ (A) Includes amounts representing the estimated interest component of net rental payments.