Exhibit 12.1
Ratio of Earnings to Fixed Charges
Nine Months Ended September 30, | Years Ended December 31, | |||||||||||||||||||||||||||
2011 | 2010 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||||||
(dollars in thousands) | ||||||||||||||||||||||||||||
Income (loss) before income taxes and discontinued operations | $ | 40,731 | $ | 4,159 | $ | (10,580 | ) | $ | (185,354 | ) | $ | (279,506 | ) | $ | 51,152 | $ | 61,476 | |||||||||||
Plus fixed charges: | ||||||||||||||||||||||||||||
Interest Expense on Deposits | 22,428 | 32,677 | 41,329 | 61,905 | 69,136 | 98,128 | 65,612 | |||||||||||||||||||||
Interest Expense on Borrowings | 8,348 | 5,119 | 7,931 | 11,829 | 31,547 | 27,805 | 18,685 | |||||||||||||||||||||
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Fixed Charges | $ | 30,776 | $ | 37,796 | $ | 49,260 | $ | 73,734 | $ | 100,683 | $ | 125,933 | $ | 84,297 | ||||||||||||||
Dividends and accretion on preferred stock | $ | 14,425 | $ | 7,399 | $ | 9,882 | $ | 9,742 | $ | 1,081 | — | — | ||||||||||||||||
Ratio of Earnings to Fixed Charges | 1.58 | — | — | — | — | 1.41 | 1.73 | |||||||||||||||||||||
Ratio of Earnings to Fixed Charges | 2.16 | — | — | — | — | 2.84 | 4.29 |