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Previous: DORAL FINANCIAL CORP, 10-Q, EX-12.(A), 2000-08-14 |
Next: DORAL FINANCIAL CORP, 10-Q, EX-27, 2000-08-14 |
<PAGE> 1
EXHIBIT 12(B)
DORAL FINANCIAL CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERENCE
SECURITY DIVIDENDS
<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 BEFORE PREFERRED DIVIDENDS 133,876
--------
Preferred dividend requirements 2,786
Ratio of pre tax income to net income 1.133
--------
PREFERRED DIVIDEND FACTOR 3,156
--------
TOTAL FIXED CHARGES AND PREFERENCE SECURITY DIVIDENDS $137,032
========
RATIO OF EARNINGS TO FIXED CHARGES AND PREFERENCE SECURITY DIVIDENDS 1.29
========
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 BEFORE PREFERRED DIVIDENDS 105,638
--------
Preferred dividend requirements 2,786
Ratio of pre tax income to net income 1.133
--------
PREFERRED DIVIDEND FACTOR 3,156
--------
TOTAL FIXED CHARGES AND PREFERENCE SECURITY DIVIDENDS $108,794
========
RATIO OF EARNINGS TO FIXED CHARGES AND PREFERENCE SECURITY DIVIDENDS 1.37
========
</TABLE>
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