Exhibit 12.01
Computation of Ratio of Earnings to Fixed Charges
( Dollars in thousands)
( Dollars in thousands)
Three Months | Fiscal Year Ended | |||||||||||||||||||||||
June 30, 2008 | March 31, 2006 | |||||||||||||||||||||||
Pre-tax net income before minority interest | $ | 9,117 | $ | 51,184 | $ | 63,799 | $ | 73,887 | $ | 64,321 | $ | 71,896 | ||||||||||||
Interest on deposits | $ | 26,842 | $ | 123,269 | $ | 116,404 | $ | 76,550 | $ | 51,447 | $ | 54,004 | ||||||||||||
Interest on short-term borrowings | $ | 1,743 | $ | 25,577 | $ | 15,537 | $ | 9,918 | $ | 7,261 | $ | 6,606 | ||||||||||||
Interest on long-term borrowings | 8,502 | 18,824 | 20,705 | 19,378 | 20,568 | 19,297 | ||||||||||||||||||
Total interest on borrowings | $ | 10,245 | $ | 44,401 | $ | 36,242 | $ | 29,296 | $ | 27,829 | $ | 25,903 | ||||||||||||
Ratio of earnings to fixed charges | ||||||||||||||||||||||||
Including interest on deposits | 1.9 | 2.2 | 2.8 | 3.5 | 3.3 | 3.8 | ||||||||||||||||||
Excluding interest on deposits | 4.5 | 4.9 | 6.0 | 6.1 | 5.2 | 5.9 |