| Years ended December 31, | ||||||||||||||||||||
| 2008 | 2007 | 2006 | 2005 | 2004 | ||||||||||||||||
| Excluding interest on deposits | 1.73x | 2.50x | 2.56x | 3.17x | 3.90x | |||||||||||||||
| Including interest on deposits | 1.35x | 1.59x | 1.64x | 2.00x | 2.54x | |||||||||||||||
| Note: | The ratio of earnings to fixed charges is calculated by adding income before income taxes plus fixed charges and dividing that sum by fixed charges. |
| Years ended December 31, | ||||||||||||||||||||
| 2008 | 2007 | 2006 | 2005 | 2004 | ||||||||||||||||
| Income before income taxes | $ | 110,525 | $ | 204,926 | $ | 203,575 | $ | 230,227 | $ | 228,595 | ||||||||||
| Interest on deposits | $ | 163,113 | $ | 210,369 | $ | 188,476 | $ | 123,057 | $ | 69,947 | ||||||||||
| Borrowings and long-term debt | 145,782 | 132,953 | 127,774 | 103,602 | 76,660 | |||||||||||||||
| 1/3 of net rental expense | 5,194 | 4,031 | 3,012 | 2,652 | 2,140 | |||||||||||||||
Total fixed charges, includinginterest on deposits | $ | 314,089 | $ | 347,353 | $ | 319,262 | $ | 229,311 | $ | 148,747 | ||||||||||
Total fixed charges, excluding interest on deposits | $ | 150,976 | $ | 136,984 | $ | 130,786 | $ | 106,254 | $ | 78,800 | ||||||||||
