EX-12.1 6 v164361_ex12-1.htm

Unassociated Document

EXHIBIT 12.1

COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND
PREFERRED STOCK DIVIDENDS

		Nine Months				Year				Year				Year				Year				Year
		Ended				Ended				Ended				Ended				Ended				Ended
		September 30, 2009				December 31, 2008				December 31, 2007				December 31, 2006				December 31, 2005				December 31, 2004
Net Income			$13,431,362				$16,282,037				$16,826,749				$15,194,281				$14,053,083				$13,332,040
Add:
Interest on
indebtedness			3,223,761				5,006,461				4,712,893				4,486,743				4,007,754				4,354,454
Amortization of
financing costs			208,259				172,954				182,872				138,028				151,133				152,258
Earnings			$16,863,382				$21,461,452				$21,722,514				$19,819,052				$18,211,970				$17,838,752
Fixed charges and
preferred stock
dividends:
Interest on
indebtedness			$3,394,840				$5,564,106				$5,268,893				$4,684,743				$4,444,754				$4,659,454
Amortization of
financing costs			208,259				172,954				182,872				138,028				151,133				152,258
Fixed charges			3,603,099				5,737,060				5,451,765				4,822,771				4,595,887				4,811,712
Add:
Preferred stock
dividends			-				-				-				-				-				-
Combined fixed
charges and
preferred stock
dividends			$3,603,099				$5,737,060				$5,451,765				$4,822,771				$4,595,887				$4,811,712
Ratio of earnings to
fixed charges			4.59	x			3.74	x			3.98	x			4.11	x			3.96	x			3.71	x