SEC Info - Plumas Bancorp - ‘S-3’ on 12/20/18

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Plumas Bancorp – ‘S-3’ on 12/20/18 – ‘EX-12.1’

On: Thursday, 12/20/18, at 12:03pm ET · Accession #: 1437749-18-22349 · File #: 333-228916

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

12/20/18  Plumas Bancorp                    S-3                    6:1.7M                                   RDG Filings/FA

Registration Statement for Securities Offered Pursuant to a Transaction — Form S-3
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: S-3         Registration Statement for Securities Offered       HTML    247K 
                          Pursuant to a Transaction                              
 2: EX-4.4      Instrument Defining the Rights of Security Holders  HTML    317K 
 3: EX-4.5      Instrument Defining the Rights of Security Holders  HTML    353K 
 4: EX-5.1      Opinion re: Legality                                HTML     35K 
 6: EX-23.2     Consent of Experts or Counsel                       HTML      6K 
 5: EX-12.1     Statement re: Computation of Ratios                 HTML     57K

EX-12.1 — Statement re: Computation of Ratios

This Exhibit is an HTML Document rendered as filed. [ Alternative Formats ]

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Exhibit 12.1

PLUMAS BANCORP AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

The following table sets forth our consolidated ratios of earnings to fixed charges for the periods shown. For purposes of computing the ratios, earnings represent income before taxes on income, plus fixed charges. Fixed charges represent total interest expense plus an estimate of the interest within rental expense, including and excluding interest on deposits. The estimate of the interest within rental expense was calculated by using one-third of our total rental expense, which we believe is a reasonable approximation of the interest component of rental expense. Currently, we have no shares of preferred stock outstanding and have not paid any dividends on preferred stock in the periods shown. Therefore, the ratio of earnings to combined fixed charges and preferred stock dividends is not different from the ratio of earnings to fixed charges.

*(dollars in thousands)*	For the Nine Months Ended September 30,		For the Year Ended
	2018		2017		2016		2015		2014		2013

Earnings available for fixed charges, excluding interest on deposits:

Income before taxes on income	$	14,252	$	15,505	$	12,233	$	9,535	$	7,824	$	5,598

Fixed charges: excluding deposit interest		467		538		578		764		1,241		985

Total	$	14,719	$	16,043	$	12,811	$	10,299	$	9,065	$	6,583

Earnings available for fixed charges:

Income before taxes on income	$	14,252	$	15,505	$	12,233	$	9,535	$	7,824	$	5,598

Total fixed charges		929		1,120		1,115		1,282		1,757		1,585

Total	$	15,181	$	16,625	$	13,348	$	10,817	$	9,581	$	7,183

Fixed Charges:

Interest expense, excluding deposit interest	$	375	$	435	$	486	$	686	$	1,177	$	934

Interest within rental expense		92		103		92		78		64		51

Fixed charges: excluding deposit interest		467		538		578		764		1,241		985

Deposit interest		462		582		537		518		516		600

Total fixed charges	$	929	$	1,120	$	1,115	$	1,282	$	1,757	$	1,585

Ratio of Earnings to Fixed Charges:
Excluding deposit interest		31.5		29.8		22.2		13.5		7.3		6.7
Total		16.3		14.8		12.0		8.4		5.5		4.5

1 Subsequent Filing that References this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

12/21/18  SEC                               UPLOAD¶     4/02/19    2:45K  Plumas Bancorp

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Filing Submission 0001437749-18-022349 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)