First Charter 10-Q 2007 Q1 Quarterly report

Exhibit 12.1

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Exhibit 12.1

First Charter Corporation
Computation of Ratio of Earnings to Fixed Charges

	Three Months Ended
	March 31						Year Ended December 31
(Dollars in thousands)	2007			2006			2006			2005			2004			2003			2002
Computation of ratio of earnings to fixed charges:
Income from continuing operations before income tax expense	$	19,015		$	16,821		$	71,161		$	34,307		$	64,127		$	17,501		$	54,750
Interest on nondeposit-interest bearing liabilities		13,939			10,994			48,771			46,266			28,943			28,946			32,270
Portion of rental expense deemed representative of interest		318			286			1,725			1,089			880			674			554
Total income for computation excluding interest on deposits	$	33,272		$	28,101		$	121,657		$	81,662		$	93,950		$	47,121		$	87,574
Interest on deposits		26,540			16,562			82,448			53,456			35,350			41,544			50,957
Total income for computation including interest on deposits	$	59,812		$	44,663		$	204,105		$	135,118		$	129,300		$	88,665		$	138,531
Fixed charges excluding interest on deposits	$	14,257		$	11,280		$	50,496		$	47,355		$	29,823		$	29,620		$	32,824
Fixed charges including interest on deposits	$	40,797		$	27,842		$	132,944		$	100,811		$	65,173		$	71,164		$	83,781
Ratio excluding interest on deposits		2.33	x		2.49	x		2.41	x		1.72	x		3.15	x		1.59	x		2.67	x
Ratio including interest on deposits		1.47	x		1.60	x		1.54	x		1.34	x		1.98	x		1.25	x		1.65	x
Components of fixed charges:
Interest:
Interest on deposits	$	26,540		$	16,562		$	82,448		$	53,456		$	35,350		$	41,544		$	50,957
Interest on nondeposit interest-bearing liabilities		13,939			10,994			48,771			46,266			28,943			28,946			32,270
Total interest charges	$	40,479		$	27,556		$	131,219		$	99,722		$	64,293		$	70,490		$	83,227
Rental expense:
Rental expense	$	955		$	859		$	5,175		$	3,267		$	2,640		$	2,021		$	1,662
Portion of rental expense deemed representative of interest		318			286			1,725			1,089			880			674			554

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