Exhibit 12.1
STATEMENT REGARDING COMPUTATION OF RATIOS
Nine Months Ended 9/30/2008 | Years Ended | |||||||||||||||||||||||
12/31/2007 | 12/31/2006 | 12/31/2005 | 12/31/2004 | 12/31/2003 | ||||||||||||||||||||
Excluding Interest on Deposits: | ||||||||||||||||||||||||
Pretax income from continuing operations, as reported | $ | 98,793 | $ | 162,997 | $ | 181,157 | $ | 156,731 | $ | 177,391 | $ | 181,482 | ||||||||||||
Fixed charges | 19,620 | 41,985 | 48,335 | 57,296 | 33,615 | 30,231 | ||||||||||||||||||
Earnings from continuing operations before fixed charges | $ | 118,413 | $ | 204,982 | $ | 229,492 | $ | 214,027 | $ | 211,006 | $ | 211,713 | ||||||||||||
Interest expense on federal funds purchased and securities sold under agreements to repurchase | $ | 9,215 | $ | 20,224 | $ | 20,228 | $ | 19,138 | $ | 10,881 | $ | 10,255 | ||||||||||||
Other interest expense | 10,405 | 21,761 | 28,107 | 38,158 | 22,734 | 19,976 | ||||||||||||||||||
Total fixed charges | $ | 19,620 | $ | 41,985 | $ | 48,335 | $ | 57,296 | $ | 33,615 | $ | 30,231 | ||||||||||||
Ratio of earnings to fixed charges, excluding interest on deposits | 6.04 | 4.88 | 4.75 | 3.74 | 6.28 | 7.00 |
Nine Months Ended 9/30/2008 | Years Ended | |||||||||||||||||||||||
12/31/2007 | 12/31/2006 | 12/31/2005 | 12/31/2004 | 12/31/2003 | ||||||||||||||||||||
Including Interest on Deposits: | ||||||||||||||||||||||||
Pretax income from continuing operations, as reported | $ | 98,793 | $ | 162,997 | $ | 181,157 | $ | 156,731 | $ | 177,391 | $ | 181,482 | ||||||||||||
Fixed charges | 132,724 | 242,360 | 202,175 | 139,256 | 88,738 | 89,558 | ||||||||||||||||||
Earnings from continuing operations before fixed charges | $ | 231,517 | $ | 405,357 | $ | 383,332 | $ | 295,987 | $ | 266,129 | $ | 271,040 | ||||||||||||
Interest expense on deposits | $ | 113,104 | $ | 200,375 | $ | 153,840 | $ | 81,960 | $ | 55,123 | $ | 59,327 | ||||||||||||
Interest expense on federal funds purchased and securities sold under agreements to repurchase | 9,215 | 20,224 | 20,228 | 19,138 | 10,881 | 10,255 | ||||||||||||||||||
Other interest expense | 10,405 | 21,761 | 28,107 | 38,158 | 22,734 | 19,976 | ||||||||||||||||||
Total fixed charges | $ | 132,724 | $ | 242,360 | $ | 202,175 | $ | 139,256 | $ | 88,738 | $ | 89,558 | ||||||||||||
Ratio of earnings to fixed charges, including interest on deposits | 1.74 | 1.67 | 1.90 | 2.13 | 3.00 | 3.03 |