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Bank of America Corp/DE – ‘10-K’ for 12/31/11 – ‘EX-12’

On:  Thursday, 2/23/12, at 4:13pm ET   ·   For:  12/31/11   ·   Delayed-Release:  Document/Exhibit  –  Release Delayed   ·   Accession #:  70858-12-155   ·   File #:  1-06523

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

 2/23/12  Bank of America Corp/DE           10-K12/31/11  182:115M

Annual Report   —   Form 10-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   7.12M 
182: CORRESP   ¶ Comment-Response or Other Letter to the SEC         HTML     47K  
 2: EX-4.FF     Instrument Defining the Rights of Security Holders  HTML     68K 
 3: EX-4.GG     Instrument Defining the Rights of Security Holders  HTML     69K 
 4: EX-10.I     Material Contract                                   HTML    123K 
 5: EX-10.JJJ   Material Contract                                   HTML    298K 
 7: EX-21       Subsidiaries List                                   HTML    505K 
 8: EX-23.A     Consent of Experts or Counsel                       HTML     49K 
 9: EX-23.B     Consent of Experts or Counsel                       HTML     49K 
10: EX-24.A     Power of Attorney                                   HTML     65K 
11: EX-24.B     Power of Attorney                                   HTML     52K 
16: EX-99.A     Miscellaneous Exhibit                               HTML    171K 
17: EX-99.B     Miscellaneous Exhibit                               HTML    156K 
 6: EX-12       Statement re: Computation of Ratios                 HTML     83K 
12: EX-31.A     Certification -- §302 - SOA'02                      HTML     52K 
13: EX-31.B     Certification -- §302 - SOA'02                      HTML     52K 
14: EX-32.A     Certification -- §906 - SOA'02                      HTML     48K 
15: EX-32.B     Certification -- §906 - SOA'02                      HTML     48K 
126: R1          Document and Entity Information Document            HTML     74K  
92: R2          Consolidated Statement of Income                    HTML    235K 
117: R3          Consolidated Balance Sheet                          HTML    230K  
131: R4          Consolidated Balance Sheet (Parenthetical)          HTML    128K  
166: R5          Consolidated Statement of Changes in Shareholders'  HTML    165K  
                Equity                                                           
98: R6          Consolidated Statement of Cash Flows                HTML    227K 
116: R7          Consolidated Statement of Cash Flows                HTML    104K  
                (Parenthetical)                                                  
85: R8          Summary of Significant Accounting Principles        HTML    157K 
70: R9          Merger and Restructuring Activity                   HTML     86K 
168: R10         Trading Account Assets and Liabilities              HTML     72K  
133: R11         Derivatives                                         HTML    806K  
132: R12         Securities                                          HTML    691K  
143: R13         Outstanding Loans and Leases                        HTML   1.23M  
144: R14         Allowance for Credit Losses                         HTML    258K  
138: R15         Securitizations and Other Variable Interest         HTML    818K  
                Entities                                                         
146: R16         Representations and Warranties Obligations and      HTML    239K  
                Corporate Guarantees                                             
118: R17         Goodwill and Intangible Assets                      HTML    113K  
128: R18         Deposits                                            HTML     89K  
136: R19         Federal Funds Sold, Securities Borrowed or          HTML    133K  
                Purchased Under Agreements to Resell and                         
                Short-term Borrowings                                            
180: R20         Long-term Debt                                      HTML    465K  
158: R21         Commitments and Contingencies                       HTML    316K  
108: R22         Shareholders' Equity                                HTML    242K  
135: R23         Accumulated Other Comprehensive Income              HTML    130K  
112: R24         Earnings Per Common Share                           HTML    105K  
57: R25         Regulatory Requirements and Restrictions            HTML    156K 
160: R26         Employee Benefit Plans                              HTML    890K  
173: R27         Stock-based Compensation Plans                      HTML    102K  
79: R28         Income Taxes                                        HTML    273K 
78: R29         Fair Value Measurements                             HTML   1.36M 
83: R30         Fair Value Option                                   HTML    223K 
84: R31         Fair Value of Financial Instruments                 HTML     78K 
86: R32         Mortgage Servicing Rights                           HTML    127K 
38: R33         Business Segment Information                        HTML    330K 
155: R34         Parent Company Information                          HTML    193K  
104: R35         Performance by Geographic Area                      HTML    119K  
109: R36         Summary of Significant Accounting Principles        HTML    273K  
                (Policies)                                                       
63: R37         Merger and Restructuring Activity (Tables)          HTML     76K 
179: R38         Trading Account Assets and Liabilities (Tables)     HTML     78K  
24: R39         Derivatives (Tables)                                HTML    773K 
89: R40         Securities (Tables)                                 HTML    686K 
164: R41         Outstanding Loans and Leases (Tables)               HTML   1.21M  
60: R42         Allowance for Credit Losses (Tables)                HTML    254K 
77: R43         Securitizations and Other Variable Interest         HTML    760K 
                Entities (Tables)                                                
82: R44         Representations and Warranties Obligations and      HTML    142K 
                Corporate Guarantees (Tables)                                    
94: R45         Goodwill and Intangible Assets (Tables)             HTML     99K 
37: R46         Deposits (Tables)                                   HTML     86K 
69: R47         Federal Funds Sold, Securities Borrowed or          HTML    129K 
                Purchased Under Agreements to Resell and                         
                Short-term Borrowings (Tables)                                   
29: R48         Long-term Debt (Tables)                             HTML    448K 
162: R49         Commitments and Contingencies (Tables)              HTML    124K  
59: R50         Shareholders' Equity (Tables)                       HTML    192K 
157: R51         Accumulated Other Comprehensive Income (Loss)       HTML    179K  
                (Tables)                                                         
64: R52         Earnings Per Common Share (Tables)                  HTML     92K 
90: R53         Regulatory Requirements and Restrictions (Tables)   HTML    123K 
27: R54         Employee Benefit Plans (Tables)                     HTML    957K 
33: R55         Stock-based Compensation Plans (Tables)             HTML     75K 
81: R56         Income Taxes (Tables)                               HTML    268K 
45: R57         Fair Value Measurements (Tables)                    HTML   2.07M 
169: R58         Fair Value Option (Tables)                          HTML    211K  
102: R59         Fair Value of Financial Instruments (Tables)        HTML     72K  
140: R60         Mortgage Servicing Rights (Tables)                  HTML    130K  
68: R61         Business Segment Information (Tables)               HTML    372K 
73: R62         Prent Company Information (Tables)                  HTML    193K 
152: R63         Performance by Geographic Area Performance by       HTML    118K  
                Geographic Area (Tables)                                         
147: R64         Summary of Significant Accounting Principles        HTML    105K  
                (Details)                                                        
107: R65         Merger and Restructuring Activity (Details)         HTML     74K  
150: R66         Trading Account Assets and Liabilities (Details)    HTML     63K  
65: R67         Derivatives - Derivative Balances (Details)         HTML    177K 
113: R68         Derivatives - Derivatives Designated as Accounting  HTML     66K  
                Hedges - Fair Value Hedges (Details)                             
172: R69         Derivatives - Derivatives Designated as Accounting  HTML     87K  
                Hedges - Cash Flow Hedges (Details)                              
31: R70         Derivatives - Economic Hedges (Details)             HTML     64K 
56: R71         Derivatives - Sales and Trading Revenue (Details)   HTML     89K 
91: R72         Derivatives - Credit Derivatives (Details)          HTML    137K 
43: R73         Derivatives - Credit-related Contingent Features    HTML     69K 
                and Collateral (Details)                                         
178: R74         Derivatives - Derivative Valuation Adjustments      HTML     58K  
                (Details)                                                        
61: R75         Securities - Amortized Cost, Gains and Losses, and  HTML    151K 
                Fair Value (Details)                                             
48: R76         Securities Securities - OTTI and Loss (Details)     HTML    107K 
55: R77         Securities Securities - Gross Unrealized Losses     HTML    134K 
                (Details)                                                        
34: R78         Securities Securities - U.S. GSE, Agency, and       HTML     62K 
                Treasury Securities (Details)                                    
39: R79         Securities Securities - Expected Maturity           HTML    231K 
                (Details)                                                        
129: R80         Securities Securities - Realized Gains and Losses   HTML     57K  
                (Details)                                                        
53: R81         Securities Securities - Certain Corporate and       HTML     78K 
                Strategic Investments (Details)                                  
170: R82         Outstanding Loans and Leases (Details)              HTML    228K  
87: R83         Outstanding Loans and Leases - Nonperforming        HTML     88K 
                (Details)                                                        
137: R84         Outstanding Loans and Leases - Credit Quality       HTML    235K  
                Indicators (Details)                                             
149: R85         Outstanding Loans and Leases - Home Loans Impaired  HTML    115K  
                Loans (Details)                                                  
50: R86         Outstanding Loans and Leases - Home Loan TDRs       HTML    120K 
                (Details)                                                        
54: R87         Outstanding Loans and Leases - Credit Card and      HTML    126K 
                Other TDRs (Details)                                             
167: R88         Outstanding Loans and Leases - Impaired Loans       HTML    123K  
                Commercial Loans (Details)                                       
44: R89         Outstanding Loans and Leases - Commercial Loans     HTML     60K 
                TDRs (Details)                                                   
130: R90         Outstanding Loans and Leases - Purchased            HTML     60K  
                Credit-Impaired Loans (Details)                                  
121: R91         Outstanding Loans and Leases - Loans Held-for-Sale  HTML     52K  
                (Details)                                                        
153: R92         Allowance for Credit Losses (Details)               HTML    135K  
120: R93         Allowance and Carrying Value of Outstanding Loans   HTML    110K  
                and Leases by Portfolio Segment (Details)                        
99: R94         Securitizations and Other Variable Interest         HTML     85K 
                Entities - First Lien Mortgages (Details)                        
161: R95         Securitizations and Other Variable Interest         HTML    201K  
                Entities - First Lien Mortgages VIE (Details)                    
95: R96         Securitizations and Other Variable Interest         HTML    127K 
                Entities - Home Equity Loans (Details)                           
62: R97         Securitizations and Other Variable Interest         HTML    108K 
                Entities - Credit Card (Details)                                 
110: R98         Securitizations and Other Variable Interest         HTML    192K  
                Entities - Other Asset Backed (Details)                          
103: R99         Securitizations and Other Variable Interest         HTML    128K  
                Entities - CDO Vehicle (Details)                                 
80: R100        Securitizations and Other Variable Interest         HTML    126K 
                Entities - Customer Vehicles (Details)                           
181: R101        Securitizations and Other Variable Interest         HTML    151K  
                Entities - Other (Details)                                       
151: R102        Representations and Warranties Obligations and      HTML    202K  
                Corporate Guarantees (Details)                                   
119: R103        Representations and Warranties Obligations and      HTML     65K  
                Corporate Guarantees - Outstanding Claims                        
                (Details)                                                        
36: R104        Representations and Warranties Obligations and      HTML     60K 
                Corporate Guarantees - Loan Repurchases (Details)                
163: R105        Representations and Warranties Obligations and      HTML     56K  
                Corporate Guarantees - Liabilities (Details)                     
171: R106        Goodwill Balances by Business Segment (Details)     HTML     70K  
165: R107        Goodwill and Intangible Assets Intangible Assets    HTML     89K  
                (Details)                                                        
114: R108        Deposits (Details)                                  HTML     88K  
46: R109        Federal Funds Sold, Securities Borrowed or          HTML     76K 
                Purchased Under Agreements to Resell and                         
                Short-term Borrowings (Details)                                  
142: R110        Long-term Debt - Balances (Details)                 HTML     87K  
66: R111        Long-term Debt - Interest Rates (Details)           HTML     77K 
26: R112        Long-Term Debt - Aggregate Annual Maturities        HTML     85K 
                (Details)                                                        
97: R113        Long-term Debt - Narrative (Details)                HTML    115K 
88: R114        Long-term Debt - Negotiated Exchanges (Details)     HTML     68K 
159: R115        Long-term Debt - Trust and Hybrid Securities        HTML    234K  
                (Details)                                                        
72: R116        Commitments and Contingencies (Details)             HTML    342K 
175: R117        Shareholders' Equity - Textuals (Details)           HTML    282K  
40: R118        Shareholders' Equity - Preferred Stock and Trust    HTML     58K 
                Preferred Securites (Details)                                    
125: R119        Shareholders' Equity (Details)                      HTML    119K  
148: R120        Accumulated Other Income (Loss) (Details)           HTML    151K  
30: R121        Earnings Per Common Share (Details)                 HTML    127K 
122: R122        Regulatory Requirements and Restrictions (Details)  HTML    110K  
111: R123        Regulatory Requirements and Restrictions -          HTML    105K  
                Regulatory Capital (Details)                                     
32: R124        Employee Benefit Plans - Narrative (Details)        HTML    106K 
127: R125        Employee Benefit Plans (Details)                    HTML    163K  
177: R126        Employee Benefit Plans - Amounts Recognized on the  HTML     60K  
                Balance Sheet (Details)                                          
41: R127        Employee Benefit Plans - ABO and PBO in Excess of   HTML     68K 
                Plan Assets (Details)                                            
74: R128        Employee Benefit Plans - Components of Periodic     HTML    109K 
                Benefit Cost (Income) (Details)                                  
154: R129        Employee Benefit Plans - Pre-Tax Amounts Included   HTML     73K  
                in Accumulated OCI (Details)                                     
176: R130        Employee Benefit Plans - Other Changes Recognized   HTML     96K  
                in OCI (Details)                                                 
106: R131        Employee Benefit Plans - Amount Amortized from      HTML     67K  
                Accumulated OCI (Details)                                        
123: R132        Employee Benefit Plans - Target Allocation          HTML     73K  
                (Details)                                                        
42: R133        Employee Benefit Plans - Fair Value of Plan Assets  HTML    145K 
                (Details)                                                        
47: R134        Employee Benefit Plans - Fair Value Measurements    HTML    101K 
                (Details)                                                        
96: R135        Employee Benefit Plans - Projected Benefit          HTML     74K 
                Payments (Details)                                               
76: R136        Stock-based Compensation Plans (Details)            HTML    204K 
145: R137        Income Taxes (Details)                              HTML    347K  
100: R138        Fair Value Measurements - Recurring Fair Value      HTML    211K  
                (Details)                                                        
71: R139        Fair Value Measurements - Reconciliation (Details)  HTML    277K 
101: R140        Fair Value Measurements - Gains and Losses          HTML    212K  
                (Details)                                                        
58: R141        Fair Value Measurements - Nonrecurring Fair Value   HTML     69K 
                (Details)                                                        
25: R142        Fair Value Measurements - Narrative (Details)       HTML     77K 
156: R143        Fair Value Option Election (Details)                HTML     73K  
134: R144        Fair Value Option - Changes in FV of Assets and     HTML    104K  
                Liabilities (Details)                                            
51: R145        Fair Value of Financial Instruments (Details)       HTML     66K 
124: R146        Mortgage Servicing Rights (Details)                 HTML     83K  
105: R147        Mortgage Servicing Rights - Fair Value of MSRs      HTML     53K  
                (Details)                                                        
49: R148        Mortgage Servicing Rights - Sensitivity Analysis    HTML     70K 
                (Details)                                                        
52: R149        Business Segment Information (Details)              HTML    149K 
139: R150        Business Segment Information - Reconciliation of    HTML     73K  
                Revenue and Net Income (Details)                                 
67: R151        Business Segment Information - Consolidated Assets  HTML     56K 
                (Details)                                                        
28: R152        Parent Company Income Statement (Details)           HTML    105K 
115: R153        Parent Company Balance Sheet (Details)              HTML     91K  
141: R154        Parent Company Statement of Cash Flows (Details)    HTML    132K  
35: R155        Performance by Geographic Area (Details)            HTML    108K 
174: XML         IDEA XML File -- Filing Summary                      XML    294K  
75: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS  21.92M 
18: EX-101.INS  XBRL Instance -- bac-20111231                        XML  31.60M 
20: EX-101.CAL  XBRL Calculations -- bac-20111231_cal                XML    631K 
23: EX-101.DEF  XBRL Definitions -- bac-20111231_def                 XML   4.13M 
21: EX-101.LAB  XBRL Labels -- bac-20111231_lab                      XML   6.79M 
22: EX-101.PRE  XBRL Presentations -- bac-20111231_pre               XML   4.26M 
19: EX-101.SCH  XBRL Schema -- bac-20111231                          XSD    900K 
93: ZIP         XBRL Zipped Folder -- 0000070858-12-000155-xbrl      Zip   1.71M 


‘EX-12’   —   Statement re: Computation of Ratios


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



 <!   C:   C: 
  BAC-12.31.2011-10K EX. 12  


Bank of America Corporation and Subsidiaries
 
 
 
 
 
Exhibit 12
 
Ratio of Earnings to Fixed Charges
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges and Preferred Dividends
 
 
 
 
 
 
 
 
 
 
Year Ended December 31
(Dollars in millions)
 
2011
 
2010
 
2009
 
2008
 
2007
Excluding Interest on Deposits
 
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes
 
$
(230
)
 
$
(1,323
)
 
$
4,360

 
$
4,428

 
$
20,924

Equity in undistributed earnings (loss) of unconsolidated subsidiaries
 
(2,112
)
 
1,285

 
(1,833
)
 
(144
)
 
(95
)
Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest expense
 
18,618

 
19,977

 
23,000

 
25,074

 
34,778

1/3 of net rent expense (1)
 
1,072

 
1,099

 
1,110

 
791

 
669

Total fixed charges
 
19,690

 
21,076

 
24,110

 
25,865

 
35,447

Preferred dividend requirements (2)
 
211

 
n/m

 
5,921

 
1,461

 
254

Fixed charges and preferred dividends
 
19,901

 
21,076

 
30,031

 
27,326

 
35,701

Earnings
 
$
17,348

 
$
21,038

 
$
26,637

 
$
30,149

 
$
56,276

Ratio of earnings to fixed charges (3)
 
0.88

 
1.00

 
1.10

 
1.17

 
1.59

Ratio of earnings to fixed charges and preferred dividends (2, 3, 4)
 
0.87

 
n/m

 
0.89

 
1.10

 
1.58

 
 
 
 
 
 
 
 
 
 
 
 
 
Year Ended December 31
(Dollars in millions)
 
2011
 
2010
 
2009
 
2008
 
2007
Including Interest on Deposits
 
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes
 
$
(230
)
 
$
(1,323
)
 
$
4,360

 
$
4,428

 
$
20,924

Equity in undistributed earnings (loss) of unconsolidated subsidiaries
 
(2,112
)
 
1,285

 
(1,833
)
 
(144
)
 
(95
)
Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest expense
 
21,620

 
23,974

 
30,807

 
40,324

 
52,871

1/3 of net rent expense (1)
 
1,072

 
1,099

 
1,110

 
791

 
669

Total fixed charges
 
22,692

 
25,073

 
31,917

 
41,115

 
53,540

Preferred dividend requirements (2)
 
211

 
n/m

 
5,921

 
1,461

 
254

Fixed charges and preferred dividends
 
22,903

 
25,073

 
37,838

 
42,576

 
53,794

Earnings
 
$
20,350

 
$
25,035

 
$
34,444

 
$
45,399

 
$
74,369

Ratio of earnings to fixed charges (3)
 
0.90

 
1.00

 
1.08

 
1.10

 
1.39

Ratio of earnings to fixed charges and preferred dividends (2, 3, 4)
 
0.89

 
n/m

 
0.90

 
1.07

 
1.38

(1) 
Represents an appropriate interest factor.
(2) 
Reflects the impact of $12.4 billion of goodwill impairment charges during 2010 which resulted in a negative preferred dividend requirement.
(3) 
The earnings for 2011 were inadequate to cover the ratio of earnings to fixed charges and the ratio of earnings to fixed charges and preferred dividends. The earnings deficiency reflects the impact of $8.8 billion of mortgage banking losses. The coverage deficiency for fixed charges was $2.3 billion and the coverage deficiency for fixed charges and preferred dividends was $2.6 billion.
(4) 
The earnings for 2009 were inadequate to cover fixed charges and preferred stock dividends. The earnings deficiency is a result of the accelerated accretion of $4.0 billion recorded as a result of the repurchase of TARP Preferred Stock. The coverage deficiency for fixed charges and preferred dividends was $3.4 billion.
n/m = not meaningful




3 Subsequent Filings that Reference this Filing

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

 2/27/13  SEC                               UPLOAD10/03/17    1:36K  Bank of America Corp./DE
10/19/12  SEC                               UPLOAD10/03/17    1:200K Bank of America Corp./DE
 9/05/12  SEC                               UPLOAD10/03/17    1:208K Bank of America Corp./DE
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