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Exhibit
NUMBER
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12.1
SPECTRUM BANCORPORATION, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS
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<CAPTION>
Year Ended Year Ended Year Ended Year Ended Year Ended Year Ended Year Ended
June 30 June 30 June 30 June 30 June 30 June 30 June 30
2000 1999 1998 1997 1996 1995 1994
<S> <C> <C> <C> <C> <C> <C> <C>
Income before income taxes and
minority interest in net income of
subsidiaries 12,349 11,216 9,271 7,660 4,770 4,910 4,247
Add:
Interest expense, including interest
on deposits 28,899 23,156 21,760 18,531 14,196 11,983 8,255
------ ------ ------ ------ ------ ------ -----
Income as adjusted 41,248 34,372 31,031 26,191 18,966 16,893 12,502
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Preferred dividend requirements 152 152 152 152 187 182 182
Ratio of income before provision for
income taxes to income before
minority interest 154% 156% 151% 142% 155% 154% 151%
---- ---- ---- ---- ---- ---- ----
Preferred dividend factor on pretax
basis 235 237 229 216 290 280 275
Fixed charges interest expense,
including interest on deposits 28,899 23,156 21,760 18,531 14,196 11,983 8,255
------ ------ ------ ------ ------ ------ -----
Fixed charges and preferred dividends 29,134 23,393 21,989 18,747 14,486 12,263 8,530
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Ratio on earnings to fixed charges
and preferred dividends, including
interest on deposits 1.42% 1.47% 1.41% 1.40% 1.31% 1.38% 1.47%
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Income before income taxes and
minority interest in net income of
subsidiaries 12,349 11,216 9,271 7,660 4,770 4,910 4,247
Add:
Interest expense, excluding interest
on deposits 5,376 3,405 3,590 2,540 1,559 887 448
----- ----- ----- ----- ----- --- ---
Income as adjusted 17,725 14,621 12,861 10,200 6,329 5,797 4,695
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Preferred dividend requirements 152 152 152 152 187 182 182
Ratio of income before provision for
income taxes to income before
minority interest 154% 156% 151% 142% 155% 154% 151%
---- ---- ---- ---- ---- ---- ----
Preferred dividend factor on pretax
basis 235 237 230 216 290 280 275
-47-
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Fixed charges
Interest expense, excluding interest
on deposits 5,376 3,405 3,590 2,540 1,559 887 448
----- ----- ----- ----- ----- --- -----
Fixed charges and preferred dividends 5,611 3,642 3,820 2,756 1,849 1,167 723
Ratio on earnings to fixed charges
and preferred dividends, excluding
interest on deposits 3.16% 4.01% 3.37% 3.70% 3.42% 4.97% 6.49%
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