Exhibit 12.1
Wintrust Financial Corporation
Computation of Ratio of Earnings to Fixed Charges
The following table presents the calculation of the ratio of earnings to fixed charges for the nine months ended September 30, 2008 and the last five fiscal years.
(dollars in thousands)
Nine | ||||||||||||||||||||||||||||
Months Ended | ||||||||||||||||||||||||||||
September 30, | Years ended December 31, | |||||||||||||||||||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | 2003 | |||||||||||||||||||||||
Income before income taxes | A | $ | 27,914 | $ | 83,824 | $ | 104,241 | $ | 104,950 | $ | 80,887 | $ | 59,344 | |||||||||||||||
Interest expense: | ||||||||||||||||||||||||||||
Interest on deposits | $ | 168,697 | $ | 294,914 | $ | 265,729 | $ | 156,252 | $ | 83,135 | $ | 67,963 | ||||||||||||||||
Interest on other borrowings | C | 38,386 | 55,093 | 43,330 | 34,025 | 20,787 | 15,536 | |||||||||||||||||||||
Total interest expense | B | $ | 207,083 | $ | 350,007 | $ | 309,059 | $ | 190,277 | $ | 103,922 | $ | 83,499 | |||||||||||||||
Ratio of earnings to fixed charges: | ||||||||||||||||||||||||||||
Including deposit interest | (A+B) / B | 1.13 | x | 1.24 | x | 1.34 | x | 1.55 | x | 1.78 | x | 1.71 | x | |||||||||||||||
Excluding deposit interest | (A+C) / C | 1.73 | x | 2.52 | x | 3.41 | x | 4.08 | x | 4.89 | x | 4.82 | x |