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Previous: DORAL FINANCIAL CORP, 10-Q, EX-10.102, 2000-08-14 |
Next: DORAL FINANCIAL CORP, 10-Q, EX-12.(B), 2000-08-14 |
<PAGE> 1
EXHIBIT 12(A)
DORAL FINANCIAL CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
<TABLE>
<CAPTION>
SIX-MONTH
PERIOD ENDED
JUNE 30, 2000
----------------
<S> <C>
INCLUDING INTEREST ON DEPOSITS
EARNINGS:
Pre-tax income from continuing operations $ 46,272
Plus:
Fixed Charges (excluding capitalized interest) 131,150
--------
TOTAL EARNINGS $177,422
========
FIXED CHARGES:
Interest expensed and capitalized $131,838
Amortized premiums, discounts, and capitalized
expenses related to indebtedness 991
An estimate of the interest component within rental expense 1,047
--------
TOTAL FIXED CHARGES $133,876
========
RATIO OF EARNINGS TO FIXED CHARGES 1.33
========
EXCLUDING INTEREST ON DEPOSITS
EARNINGS:
Pre-tax income from continuing operations $ 46,272
Plus:
Fixed Charges (excluding capitalized interest) 102,912
--------
TOTAL EARNINGS $149,184
========
FIXED CHARGES:
Interest expensed and capitalized $103,600
Amortized premiums, discounts, and capitalized
expenses related to indebtedness 991
An estimate of the interest component within rental expense 1,047
--------
TOTAL FIXED CHARGES $105,638
========
RATIO OF EARNINGS TO FIXED CHARGES 1.41
========
</TABLE>
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