Exhibit 12.1
Ratio of Earnings to Fixed Charges
Years ended December 31, | ||||||||||||||||||||
2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||
Earnings: | ||||||||||||||||||||
Income before taxes | $ | 112,303 | $ | 89,943 | $ | 77,374 | $ | 79,174 | $ | 78,316 | ||||||||||
Fixed charges | 23,203 | 30,644 | 35,194 | 39,721 | 53,210 | |||||||||||||||
Earnings, including interest on deposits | 135,506 | 120,587 | 112,568 | 118,895 | 131,526 | |||||||||||||||
Less: interest on deposits | 13,638 | 16,290 | 18,848 | 23,020 | 30,354 | |||||||||||||||
Earnings, excluding interest on deposits | $ | 121,868 | $ | 104,297 | $ | 93,720 | $ | 95,875 | $ | 101,172 | ||||||||||
Fixed charges: | ||||||||||||||||||||
Interest on deposits | $ | 13,638 | $ | 16,290 | $ | 18,848 | $ | 23,020 | $ | 30,354 | ||||||||||
Interest on borrowings | 9,565 | 14,354 | 16,346 | 16,701 | 22,856 | |||||||||||||||
Fixed charges, including interest on deposits | 23,203 | 30,644 | 35,194 | 39,721 | 53,210 | |||||||||||||||
Less: interest on deposits | 13,638 | 16,290 | 18,848 | 23,020 | 30,354 | |||||||||||||||
Fixed charges, excluding interest on deposits | 9,565 | 14,354 | 16,346 | 16,701 | 22,856 | |||||||||||||||
Ratio of Earnings to Fixed Charges: | ||||||||||||||||||||
Excluding interest on deposits | 12.74 | 7.27 | 5.73 | 5.74 | 4.43 | |||||||||||||||
Including interest on deposits | 5.84 | 3.94 | 3.20 | 2.99 | 2.47 |