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Previous: DORAL FINANCIAL CORP, 10-Q, EX-12.(A), 2000-11-14 |
Next: DORAL FINANCIAL CORP, 10-Q, EX-27, 2000-11-14 |
<PAGE> 1
EXHIBIT 12(B)
DORAL FINANCIAL CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERENCE
SECURITY DIVIDENDS
<TABLE>
<CAPTION>
NINE-MONTH
PERIOD ENDED
SEPTEMBER 30, 2000
------------------
<S> <C>
INCLUDING INTEREST ON DEPOSITS
EARNINGS:
Pre-tax income from continuing operations $ 70,596
Plus:
Fixed Charges (excluding capitalized interest) 208,359
--------
TOTAL EARNINGS $278,955
========
FIXED CHARGES:
Interest expensed and capitalized $208,758
Amortized premiums, discounts, and capitalized
expenses related to indebtedness 1,546
An estimate of the interest component within rental expense 1,543
--------
TOTAL FIXED CHARGES BEFORE PREFERRED DIVIDENDS 211,847
--------
Preferred dividend requirements 4,454
Ratio of pre tax income to net income 1.133
--------
PREFERRED DIVIDEND FACTOR 5,046
--------
TOTAL FIXED CHARGES AND PREFERENCE SECURITY DIVIDENDS $216,893
========
RATIO OF EARNINGS TO FIXED CHARGES AND PREFERENCE SECURITY DIVIDENDS 1.29
========
EXCLUDING INTEREST ON DEPOSITS
EARNINGS:
Pre-tax income from continuing operations $ 70,596
Plus:
Fixed Charges (excluding capitalized interest) 163,606
--------
TOTAL EARNINGS $234,202
========
FIXED CHARGES:
Interest expensed and capitalized $164,005
Amortized premiums, discounts, and capitalized
expenses related to indebtedness 1,546
An estimate of the interest component within rental expense 1,543
--------
TOTAL FIXED CHARGES BEFORE PREFERRED DIVIDENDS 167,094
--------
Preferred dividend requirements 4,454
Ratio of pre tax income to net income 1.133
--------
PREFERRED DIVIDEND FACTOR 5,046
--------
TOTAL FIXED CHARGES AND PREFERENCE SECURITY DIVIDENDS $172,140
========
RATIO OF EARNINGS TO FIXED CHARGES AND PREFERENCE SECURITY DIVIDENDS 1.36
========
</TABLE>
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