|
Previous: OLD KENT FINANCIAL CORP /MI/, 10-Q, EX-10, 2000-08-10 |
Next: POLYPHASE CORP, 10-Q, 2000-08-10 |
EXHIBIT 12 - RATIO OF EARNINGS TO FIXED CHARGES
OLD KENT FINANCIAL CORRPORATION
Ratio of Earnings to Fixed Charges
|
Six Months Ended |
|
|
||||||||||||||
|
(dollar amounts in thousands) |
||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
2000 |
|
1999 |
|
1999 |
|
1998 |
|
1997 |
|
1996 |
|
1995 |
||||
Earnings |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Income before income taxes |
$166,551 |
|
$226,184 |
|
$428,581 |
|
$397,290 |
|
$374,711 |
|
$314,675 |
|
$298,663 |
||||
Fixed charges |
100,187 |
|
65,885 |
|
141,723 |
|
149,285 |
|
125,958 |
|
92,706 |
|
89,757 |
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
$266,738 |
|
$292,069 |
|
$570,304 |
|
$546,575 |
|
$500,669 |
|
$407,381 |
|
$388,420 |
||||
Fixed charges |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Interest expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
(other than interest on |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Interest factor in rent expense |
-- |
|
-- |
|
-- |
|
-- |
|
-- |
|
-- |
|
-- |
||||
Preferred stock dividend |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Total combined fixed charges |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Ratio of earnings to fixed |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Ratio of earnings to fixed |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Including Interest on Deposits |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Earnings |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Income before income taxes |
$166,551 |
|
$226,184 |
|
$428,581 |
|
$397,290 |
|
$374,711 |
|
$314,675 |
|
$298,663 |
||||
Fixed charges |
407,094 |
|
339,152 |
|
688,245 |
|
726,027 |
|
722,055 |
|
662,873 |
|
627,761 |
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
$573,645 |
|
$565,336 |
|
$1,116,826 |
|
$1,123,317 |
|
$1,096,766 |
|
$977,548 |
|
$926,424 |
||||
Fixed charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Interest expense |
$407,094 |
|
$339,152 |
|
$688,245 |
|
$726,027 |
|
$722,055 |
|
$662,873 |
|
$627,761 |
||||
Interest factor in rent expense |
-- |
|
-- |
|
-- |
|
-- |
|
-- |
|
-- |
|
-- |
||||
Preferred stock dividend |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Total combined fixed charges |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Ratio of earnings to fixed |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Ratio of earnings to fixed |
|
|
|
|
|
|
|
|
|
|
|
|
|
|