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Exhibit 12.1
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PrivateBancorp, Inc.
Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)
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<CAPTION>
Nine Months Ended Year Ended December 31
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9/30/00 9/30/99 1999 1998 1997 1996 1995
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<S> <C> <C> <C> <C> <C> <C> <C>
Including Interest on Deposits
Earnings:
Earnings before income taxes $ 4,381 $ 3,004 $ 4,172 $ 4,849 $ 3,387 $ 2,195 $ 707
Fixed Charges from below 23,510 11,952 16,605 13,312 10,081 8,034 6,430
-------- -------- -------- -------- -------- -------- --------
Earnings $ 27,891 $ 14,956 $ 20,777 $ 18,161 $ 13,468 $ 10,229 $ 7,137
Fixed charges:
Interest expense $ 23,510 $ 11,952 $ 16,605 $ 13,312 $ 10,081 $ 8,034 $ 6,430
Interest Portion of Fixed Rentals(1) - - - - - - -
-------- -------- -------- -------- -------- -------- --------
Total Interest expense $ 23,510 $ 11,952 $ 16,605 $ 13,312 $ 10,081 $ 8,034 $ 6,430
Ratio to Earning to Fixed Charges 1.19 X 1.25 X 1.25 X 1.36 X 1.34 X 1.27 X 1.11 X
Excluding Interest on Deposits
Earnings:
Earnings before income taxes $ 4,381 $ 3,004 $ 4,172 $ 4,849 $ 3,387 $ 2,195 $ 707
Fixed Charges from below 2,560 674 931 19 3 143 50
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Earnings $ 6,941 $ 3,678 $ 5,103 $ 4,868 $ 3,390 $ 2,338 $ 757
Fixed charges:
Interest expense excluding
interest on deposits $ 2,560 $ 674 $ 931 $ 19 $ 3 $ 143 $ 50
Interest Portion of Fixed Rentals(1) - - - - - - -
-------- -------- -------- -------- -------- -------- --------
Total Interest expense $ 2,560 $ 674 $ 931 $ 19 $ 3 $ 143 $ 50
Ratio to Earning to Fixed Charges 2.71 X 5.46 X 5.48 X 256.21 X 1130.00 X 16.35 X 15.14 X
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(1) The company is not a party to any capital leases therefore, this item is not
applicable. All leases are operating leases.
