Customers Bancorp (CUBI) S-3 Shelf registration

Exhibit 12.1

Computation of Ratio of Earnings to Fixed Charges

(in thousands, except ratios)

	Year Ended December 31,
Excluding Interest on Deposits	2015		2014		2013		2012		2011
Income From Continuing Operations Before Income Tax		88,495		63,388		50,298		36,090		5,869
Fixed Charges:
Interest Expense on borrowings		19,578		14,050		3,281		685		603
Total earnings and fixed charges		108,073		77,438		53,579		36,775		6,472
Total fixed charges, as above		19,578		14,050		3,281		685		603
Ratio of earnings to fixed charges		5.52		5.51		16.33		53.69		10.73
Including Interest on Deposits
Total earnings and fixed charges, as above		108,073		77,438		53,579		36,775		6,472
Add: Interest expense on deposits		33,982		24,454		21,020		21,076		21,861
Total earnings, fixed charges, and interest expense on deposits		142,055		101,892		74,599		57,851		28,333
Total fixed charges, as above		19,578		14,050		3,281		685		603
Add: Interest expense on deposits		33,982		24,454		21,020		21,076		21,861
Total fixed charges including interest expense on deposits		53,560		38,504		24,301		21,761		22,464
Ratio of earnings to fixed charges		2.65		2.65		3.07		2.66		1.26
Amount by Which Earnings Were Insufficient to Cover Fixed Charges		-		-		-		-		-

Computation of Ratio of Earnings to Fixed Charges

and Preferred Stock Dividend Requirements

(in thousands, except ratios)

	Year Ended December 31,
	2015		2014		2013		2012		2011
Excluding Interest on Deposits:
Income from continuing operations before income tax		88,495		63,388		50,298		36,090		5,869
Fixed charges:
Interest expense on borrowings		19,578		14,050		3,281		685		603
Total earnings and fixed charges		108,073		77,438		53,579		36,775		6,472
Total fixed charges, as above		19,578		14,050		3,281		685		603
Preferred stock dividends		2,493		0		0		0		44
Total fixed charges and preferred stock dividends		22,071		14,050		3,281		685		647
Ratio of earnings to fixed charges and preferred stock dividends		4.90		5.51		16.33		53.69		10.00
Including Interest on Deposits:
Total earnings and fixed charges, as above		108,073		77,438		53,579		36,775		6,472
Add: interest expense on deposits		33,982		24,454		21,020		21,076		21,861
Total earnings, fixed charges, and interest expense on deposits		142,055		101,892		74,599		57,851		28,333
Total fixed charges and preferred stock dividends, as above		22,071		14,050		3,281		685		647
Add: interest expense on deposits		33,982		24,454		21,020		21,076		21,861
Total fixed charges and preferred stock dividends, including interest expense on deposits		56,053		38,504		24,301		21,761		22,508
Ratio of earnings to fixed charges and preferred stock dividends		2.53		2.65		3.07		2.66		1.26