Exhibit 12.1
 Bancorp Rhode Island, Inc.
Computation of Earnings to Fixed Charges
(In Thousands)
 Years Ended December 31,2009
    
    
    2008
    
    
    2007
    
    
    2006
    
    
    2005Ratio 1: including deposit interestEarnings:Income before income taxes
    
    $
    8,041
    
    
    $
    13,571
    
    
    $
    13,304
    
    
    $
    11,287
    
    
    $
    14,409Fixed charges
    
    
    27,425
    
    
    
    35,388
    
    
    
    45,312
    
    
    
    39,480
    
    
    
    27,060Total
    
    
    35,466
    
    
    
    48,959
    
    
    
    58,616
    
    
    
    50,767
    
    
    
    41,469Fixed charges:Interest-bearing demand
    
    
    60
    
    
    
    162
    
    
    
    391
    
    
    
    356
    
    
    
    590Money market accounts
    
    
    367
    
    
    
    69
    
    
    
    135
    
    
    
    161
    
    
    
    235Savings accounts
    
    
    3,380
    
    
    
    7,042
    
    
    
    11,028
    
    
    
    7,929
    
    
    
    4,734Certificate of deposit accounts
    
    
    11,061
    
    
    
    14,306
    
    
    
    17,676
    
    
    
    14,030
    
    
    
    8,962Other borrowings
    
    
    11,357
    
    
    
    12,402
    
    
    
    14,087
    
    
    
    15,038
    
    
    
    10,826Subordinated debentures
    
    
    730
    
    
    
    949
    
    
    
    1,509
    
    
    
    1,460
    
    
    
    1,272Portion of rents representative of the
interest factor (1/3) of rental expense
    
    
    470
    
    
    
    458
    
    
    
    486
    
    
    
    506
    
    
    
    441Total fixed charges
    
    $
    27,425
    
    
    $
    35,388
    
    
    $
    45,312
    
    
    $
    39,480
    
    
    $
    27,060Ratio of earnings to fixed charges (times)
    
    
    1.29
    
    
    
    1.38
    
    
    
    1.29
    
    
    
    1.29
    
    
    
    1.53Ratio 2: excluding deposit interestEarnings:Income before income taxes
    
    $
    8,041
    
    
    $
    13,571
    
    
    $
    13,304
    
    
    $
    11,287
    
    
    $
    14,409Fixed charges
    
    
    12,557
    
    
    
    13,809
    
    
    
    16,082
    
    
    
    17,004
    
    
    
    12,539Total
    
    
    20,598
    
    
    
    27,380
    
    
    
    29,386
    
    
    
    28,291
    
    
    
    26,948Fixed charges:Other borrowings
    
    
    11,357
    
    
    
    12,402
    
    
    
    14,087
    
    
    
    15,038
    
    
    
    10,826Subordinated debentures
    
    
    730
    
    
    
    949
    
    
    
    1,509
    
    
    
    1,460
    
    
    
    1,272Portion of rents representative of the
interest factor (1/3) of rental expense
    
    
    470
    
    
    
    458
    
    
    
    486
    
    
    
    506
    
    
    
    441Total fixed charges
    
    $
    12,557
    
    
    $
    13,809
    
    
    $
    16,082
    
    
    $
    17,004
    
    
    $
    12,539Ratio of earnings to fixed charges (times)
    
    
    1.64
    
    
    
    1.98
    
    
    
    1.83
    
    
    
    1.66
    
    
    
    2.15