|
|
|
|
|
|
|
|
|
|
Previous: PENNFED FINANCIAL SERVICES INC, 10-K, EX-11, 2000-09-25 |
Next: PENNFED FINANCIAL SERVICES INC, 10-K, EX-21, 2000-09-25 |
Exhibit 12
PennFed Financial Services, Inc.
Computation of Ratios of Earnings to Fixed Charges
<TABLE>
<CAPTION>
Year ended June 30,
----------------------------------------------------------------------------
2000 1999 1998 1997 1996
------------ ------------ ------------ ------------ ------------
<S> <C> <C> <C> <C> <C>
Earnings:
Earnings before income tax expense $ 19,921 $ 17,761 $ 17,440 $ 11,091 $ 12,952
Add: interest on borrowed funds 27,575 23,270 19,843 12,901 5,520
------------ ------------ ------------ ------------ ------------
Earnings before fixed charges excluding
interest on deposits 47,496 41,031 37,283 23,992 18,472
Interest on deposits 46,758 48,648 48,200 40,172 33,601
------------ ------------ ------------ ------------ ------------
Earnings before fixed charges $ 94,254 $ 89,679 $ 85,483 $ 64,164 $ 52,073
============ ============ ============ ============ ============
Fixed charges:
Interest on borrowed funds $ 27,575 $ 23,270 $ 19,843 $ 12,901 $ 5,520
============ ============ ============ ============ ============
Fixed charges excluding interest on
deposits $ 27,575 $ 23,270 $ 19,843 $ 12,901 $ 5,520
Interest on deposits 46,758 48,648 48,200 40,172 33,601
------------ ------------ ------------ ------------ ------------
Total fixed charges $ 74,333 $ 71,918 $ 68,043 $ 53,073 $ 39,121
============ ============ ============ ============ ============
Ratio of earnings to fixed charges
excluding interest on deposits 1.72 x 1.76 x 1.88 x 1.86 x 3.35 x
============ ============ ============ ============ ============
Ratio of earnings to fixed charges
including interest on deposits 1.27 x 1.25 x 1.26 x 1.21 x 1.33 x
============ ============ ============ ============ ============
</TABLE>
|
|