Exhibit 12.1
Ratios of Earnings to Fixed Charges
Years ended December 31, | ||||||||||||||||||||
2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||
Earnings: | ||||||||||||||||||||
Income before taxes | $ | 79,174 | $ | 78,316 | $ | 72,642 | $ | 83,758 | $ | 72,115 | ||||||||||
Fixed charges | 41,603 | 54,962 | 78,613 | 109,849 | 142,179 | |||||||||||||||
Earnings, including interest on deposits | 120,777 | 133,278 | 151,255 | 193,607 | 214,294 | |||||||||||||||
Less: interest on deposits | 23,020 | 30,354 | 48,496 | 76,132 | 106,574 | |||||||||||||||
Earnings, excluding interest on deposits | $ | 97,757 | $ | 102,924 | $ | 102,759 | $ | 117,475 | $ | 107,720 | ||||||||||
Fixed charges: | ||||||||||||||||||||
Interest on deposits | $ | 23,020 | $ | 30,354 | $ | 48,496 | $ | 76,132 | $ | 106,574 | ||||||||||
Interest on borrowings | 18,583 | 24,608 | 30,117 | 33,717 | 35,605 | |||||||||||||||
Fixed charges, including interest on deposits | 41,603 | 54,962 | 78,613 | 109,849 | 142,179 | |||||||||||||||
Less: interest on deposits | 23,020 | 30,354 | 48,496 | 76,132 | 106,574 | |||||||||||||||
Fixed charges, excluding interest on deposits | 18,583 | 24,608 | 30,117 | 33,717 | 35,605 | |||||||||||||||
Ratio of Earnings to Fixed Charges: | ||||||||||||||||||||
Excluding interest on deposits | 5.26 | 4.18 | 3.41 | 3.48 | 3.03 | |||||||||||||||
Including interest on deposits | 2.90 | 2.42 | 1.92 | 1.76 | 1.51 |