SCBT Capital Trust Iv S-3 Shelf registration

Exhibit 12.1

	Years ended December 31,
	2008			2007			2006			2005			2004			2003
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends:
Excluding interest on deposits	286		%	305		%	319		%	412		%	653		%	756		%
Including interest on deposits	140		%	147		%	155		%	184		%	237		%	248		%
Net income	$	15,785		$	21,565		$	19,805		$	16,655		$	14,016		$	14,786		See income statements from financial stmts (10-K)
Provision for income taxes	8,509			10,685			10,284			7,823			6,437			7,301			See income statements from financial stmts (10-K)
Interest expense:
Interest expense on deposits	47,644			53,157			40,830			21,146			11,243			11,555			See income statements from financial stmts (10-K)
Interest expense on borrowings	12,654			15,365			13,451			7,564			3,400			3,067			See income statements from financial stmts (10-K)
Amortization of debt issuance costs	included above			included above			included above			included above			included above			included above
Dividends on preferred stock	—			—			—			—			—			—
Portion of rental expense deemed to represent interest	395			330			292			269			300			300			10% of GL accounts 573912 & 575102 (based upon analysis used for Unisys Leases outstanding)
Earnings (including interest on deposits)	$	84,987		$	101,102		$	84,662		$	53,457		$	35,396		$	37,009
Fixed Charges (including interest on deposits)	60,693			68,852			54,573			28,979			14,943			14,922
Earnings (excluding interest on deposits)	37,343			47,945			43,832			32,311			24,153			25,454
Fixed Charges (excluding interest on deposits)	13,049			15,695			13,743			7,833			3,700			3,367