Exhibit 12.01
Computation of Ratio of Earnings to Fixed Charges
( Dollars in thousands)
( Dollars in thousands)
Fiscal Year Ended | ||||||||||||||||||||||||
2009 | 2008 | 2007 | March 31, 2006 | 2005 | 2004 | |||||||||||||||||||
Pre-tax net income before minority interest | $ | (258,557 | ) | $ | 50,382 | $ | 63,317 | $ | 77,333 | $ | 91,413 | $ | 80,022 | |||||||||||
Interest on deposits | $ | 94,857 | $ | 123,269 | $ | 116,404 | $ | 76,550 | $ | 51,447 | $ | 54,004 | ||||||||||||
Interest on short-term borrowings | $ | — | $ | 25,577 | $ | 15,537 | $ | 9,918 | $ | 7,261 | $ | 6,606 | ||||||||||||
Interest on long-term borrowings | — | 18,824 | 20,705 | 19,378 | 20,568 | 19,297 | ||||||||||||||||||
Total interest on borrowings | $ | 40,615 | $ | 44,401 | $ | 36,242 | $ | 29,296 | $ | 27,829 | $ | 25,903 | ||||||||||||
Ratio of earnings to fixed charges | ||||||||||||||||||||||||
Including interest on deposits | (5.4 | ) | 2.1 | 2.8 | 3.6 | 4.3 | 4.1 | |||||||||||||||||
Excluding interest on deposits | (3.0 | ) | 4.9 | 6.0 | 6.3 | 6.1 | 6.2 |