Ratio of Earnings to Fixed Charges | Twelve Months Ended December 31, | ||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||
(dollar amounts in thousands of dollars) | |||||||||||||||||||
Earnings: | |||||||||||||||||||
Income before income taxes | $ | 913,605 | $ | 852,985 | $ | 868,756 | $ | 833,581 | $ | 718,928 | |||||||||
Add: Fixed charges, excluding interest on deposits | 99,613 | 70,692 | 57,027 | 74,379 | 97,035 | ||||||||||||||
Earnings available for fixed charges, excluding interest on deposits | 1,013,218 | 923,677 | 925,783 | 907,960 | 815,963 | ||||||||||||||
Add: Interest on deposits | 82,174 | 86,453 | 116,241 | 162,167 | 260,051 | ||||||||||||||
Earnings available for fixed charges, including interest on deposits | $ | 1,095,392 | $ | 1,010,130 | $ | 1,042,024 | $ | 1,070,127 | $ | 1,076,014 | |||||||||
Fixed Charges: | |||||||||||||||||||
Interest expense, excluding interest on deposits | $ | 81,610 | $ | 52,868 | $ | 39,788 | $ | 57,572 | $ | 81,004 | |||||||||
Interest factor in net rental expense | 18,003 | 17,824 | 17,239 | 16,807 | 16,031 | ||||||||||||||
Total fixed charges, excluding interest on deposits | 99,613 | 70,692 | 57,027 | 74,379 | 97,035 | ||||||||||||||
Add: Interest on deposits | 82,174 | 86,453 | 116,241 | 162,167 | 260,051 | ||||||||||||||
Total fixed charges, including interest on deposits | $ | 181,787 | $ | 157,145 | $ | 173,268 | $ | 236,546 | $ | 357,086 | |||||||||
Ratio of Earnings to Fixed Charges | |||||||||||||||||||
Excluding interest on deposits | 10.17 | X | 13.07 | X | 16.23 | X | 12.21 | X | 8.41 | ||||||||||
Including interest on deposits | 6.03 | X | 6.43 | X | 6.01 | X | 4.52 | X | 3.01 | ||||||||||