Exhibit 12.1
STATEMENT RE COMPUTATION OF RATIOS
Old National Bancorp
Computation of Consolidated Ratio of Earnings to Fixed Charges and Consolidated Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
($ in Thousands) | Three Months Ended March 31, 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||||
FIXED CHARGES: | ||||||||||||||||||||||||
Interest Expense on Deposits | 4,383 | 17,283 | 14,168 | 13,326 | 18,124 | 27,042 | ||||||||||||||||||
Interest Expense on Other Borrowings | 8,284 | 27,148 | 18,905 | 10,033 | 6,262 | 8,900 | ||||||||||||||||||
Building Rent | 3,793 | 25,202 | 29,075 | 28,969 | 28,967 | 30,909 | ||||||||||||||||||
Equipment Rent | 89 | 151 | 42 | 69 | 101 | 1,096 | ||||||||||||||||||
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Total Building and Equip Rent | 3,882 | 25,353 | 29,117 | 29,038 | 29,068 | 32,005 | ||||||||||||||||||
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Rental Expense 66.67% | 2,588 | 16,903 | 19,412 | 19,360 | 19,380 | 21,338 | ||||||||||||||||||
Imputed Interest Expense 33.33% | 1,294 | 8,450 | 9,705 | 9,678 | 9,688 | 10,667 | ||||||||||||||||||
Interest Capitalized | — | — | — | — | — | — | ||||||||||||||||||
Preferred Stock Dividends | — | — | — | — | — | — | ||||||||||||||||||
Fixed Charges Excluding Interest on Deposits | 9,578 | 35,598 | 28,610 | 19,711 | 15,950 | 19,567 | ||||||||||||||||||
Fixed Charges Including Interest on Deposits | 13,961 | 52,881 | 42,778 | 33,037 | 34,074 | 46,609 | ||||||||||||||||||
Fixed Charges Excluding Interest on Deposits and Including Preferred Stock Dividends | 9,578 | 35,598 | 28,610 | 19,711 | 15,950 | 19,567 | ||||||||||||||||||
Fixed Charges Including Interest on Deposits and Including Preferred Stock Dividends | 13,961 | 52,881 | 42,778 | 33,037 | 34,074 | 46,609 | ||||||||||||||||||
EARNINGS: | ||||||||||||||||||||||||
Net Income (Loss) from Continuing Operations before Taxes | 46,483 | 200,426 | 162,893 | 141,964 | 142,517 | 127,785 | ||||||||||||||||||
Plus: Fixed Charges Excluding Interest on Deposits | 9,578 | 35,598 | 28,610 | 19,711 | 15,950 | 19,567 | ||||||||||||||||||
Less: Interest Capitalized | — | — | — | — | — | — | ||||||||||||||||||
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56,061 | 236,024 | 191,503 | 161,675 | 158,467 | 147,352 | |||||||||||||||||||
EARNINGS: | ||||||||||||||||||||||||
Net Income (Loss) from Continuing Operations before Taxes | 46,483 | 200,426 | 162,893 | 141,964 | 142,517 | 127,785 | ||||||||||||||||||
Plus: Fixed Charges Including Interest on Deposits | 13,961 | 52,881 | 42,778 | 33,037 | 34,074 | 46,609 | ||||||||||||||||||
Less: Interest Capitalized | — | — | — | — | — | — | ||||||||||||||||||
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60,444 | 253,307 | 205,671 | 175,001 | 176,591 | 174,394 | |||||||||||||||||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES: | ||||||||||||||||||||||||
Excluding Interest on Deposits | 5.85 | 6.63 | 6.69 | 8.20 | 9.94 | 7.53 | ||||||||||||||||||
Including Interest on Deposits | 4.33 | 4.79 | 4.81 | 5.30 | 5.18 | 3.74 | ||||||||||||||||||
CONSOLIDATED RATIO OF EARNINGS TO COMBINED | ||||||||||||||||||||||||
FIXED CHARGES AND PREFERRED STOCK DIVIDENDS: | ||||||||||||||||||||||||
Excluding Interest on Deposits | 5.85 | 6.63 | 6.69 | 8.20 | 9.94 | 7.53 | ||||||||||||||||||
Including Interest on Deposits | 4.33 | 4.79 | 4.81 | 5.30 | 5.18 | 3.74 |