EX-12 2 a2223328zex-12.htm EX-12
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Exhibit 12

RATIO OF EARNINGS TO FIXED CHARGES
AND PREFERRED STOCK DIVIDEND REQUIREMENT

		Years Ended December 31,
(dollars in thousands)		2014			2013			2012			2011			2010
Earnings:
Income before income taxes		$	86,216		$	75,325		$	56,172		$	38,289		$	25,755
Fixed charges, excluding preferred stock dividend requirement			13,095			12,504			14,414			20,077			19,832
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Total earnings including fixed charges(a)		$	99,311		$	87,829		$	70,586		$	58,366		$	45,587
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Fixed charges:
Interest on deposits		$	9,638		$	10,614		$	12,057		$	17,248		$	16,886
Interest on customer repurchase agreements and federal funds purchased			143			254			325			685			731
Interest on short-term borrowings			31			—			3			—			27
Interest on long-term borrowings deposits			3,283			1,636			2,029			2,144			2,188
Preferred stock dividend requirements (pre-tax)			976			907			901			2,356			2,009
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Total fixed charges(b)		$	14,071		$	13,411		$	15,315		$	22,433		$	21,841
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Ratio of earnings to fixed charges and preferred stock dividend requirement (pre-tax)(a/b)			7.06			6.55			4.61			2.60			2.09
Earnings, excluding interest on deposits:
Total earnings including fixed charges		$	99,311		$	87,829		$	70,586		$	58,366		$	45,587
Less interest on deposits			9,638			10,614			12,057			17,248			16,886
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Total earnings excluding interest on deposits(c)		$	89,673		$	77,215		$	58,529		$	41,118		$	28,701
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Fixed charges, excluding interest on deposits:
Total fixed charges		$	14,071		$	13,411		$	15,315		$	22,433		$	21,841
Less interest on deposits			9,638			10,614			12,057			17,248			16,886
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Total fixed charges, excluding interest on deposits(d)		$	4,433		$	2,797		$	3,258		$	5,185		$	4,955
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Ratio of earnings to fixed charges and preferred stock dividend requirement (pre-tax), excluding interest on deposits(c/d)			20.23			27.61			17.96			7.93			5.79

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Exhibit 12

RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDEND REQUIREMENT