| Year ended December 31, | |||||||||||||||||||||||
2009 (Restated) | 2008 | 2007 | 2006 | 2005 | |||||||||||||||||||
| (Dollars in Thousands) | |||||||||||||||||||||||
| Earnings: | |||||||||||||||||||||||
| 1. | Income before income taxes | $ | 4,717 | $ | 7,409 | $ | 923 | $ | 569 | $ | 8,830 | ||||||||||||
| 2. | Plus: interest expense | 22,645 | 24,095 | 30,630 | 28,974 | 23,296 | |||||||||||||||||
| 3. | Earnings including interest on deposits | 27,362 | 31,504 | 31,553 | 29,543 | 32,126 | |||||||||||||||||
| 4. | Less: interest on deposits | 12,308 | 13,287 | 20,835 | 18,005 | 11,599 | |||||||||||||||||
| 5. | Earnings excluding interest on deposits | $ | 15,054 | $ | 18,217 | $ | 10,718 | $ | 11,538 | $ | 20,527 | ||||||||||||
| Fixed Charges: | |||||||||||||||||||||||
| 6. | Interest expense (Line 2) | $ | 22,645 | $ | 24,095 | $ | 30,630 | $ | 28,974 | $ | 23,296 | ||||||||||||
| 7. | Less: interest expense on deposits (Line 4) | 12,308 | 13,287 | 20,835 | 18,005 | 11,599 | |||||||||||||||||
| 8. | Excluding interest on deposits | $ | 10,337 | $ | 10,808 | $ | 9,795 | $ | 10,969 | $ | 11,697 | ||||||||||||
| Ratio of Earnings to Fixed Charges: | |||||||||||||||||||||||
| Including interest on deposits | |||||||||||||||||||||||
| (Line 3 divided by Line 6) | 1.21 | 1.31 | 1.03 | 1.02 | 1.38 | ||||||||||||||||||
| Excluding interest on deposits | |||||||||||||||||||||||
| (Line 5 divided by Line 8) | 1.46 | 1.69 | 1.09 | 1.05 | 1.75 | ||||||||||||||||||
