Exhibit 12.1
STATEMENT RE COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(No preferred shares were outstanding during any of the periods below.)
Nine Months Ended September 30, 2009 | Year Ended December 31, 2008 | Year Ended December 31, 2007 | Year Ended December 31, 2006 | Year Ended December 31, 2005 | Year Ended December 31, 2004 | |||||||||||||||
($ in thousands) | (Unaudited) | |||||||||||||||||||
Fixed Charges: | ||||||||||||||||||||
Interest on Deposits | $ | 9,679 | $ | 14,021 | $ | 18,649 | $ | 14,189 | $ | 7,291 | $ | 5,201 | ||||||||
Interest on Borrowing | 3,265 | 5,387 | 4,337 | 3,182 | 2,246 | 1,785 | ||||||||||||||
Estimated Interest on Rental Expense | 8 | 10 | 10 | 10 | 6 | 3 | ||||||||||||||
A | Total Fixed Charges Including Deposit Interest | 12,952 | 19,418 | 22,996 | 17,381 | 9,543 | 6,989 | |||||||||||||
B | Total Fixed Charges Excluding Deposit Interest | 3,273 | 5,397 | 4,347 | 3,192 | 2,252 | 1,788 | |||||||||||||
Pretax Earnings | 13,724 | 18,585 | 17,755 | 16,482 | 14,396 | 10,947 | ||||||||||||||
Fixed Charges Excluding Deposit Interest | 3,273 | 5,397 | 4,347 | 3,192 | 2,252 | 1,788 | ||||||||||||||
C | Pretax Earnings + Fixed Charges Excluding Deposit Interest | 16,997 | 23,982 | 22,102 | 19,674 | 16,648 | 12,735 | |||||||||||||
Deposit Interest | 9,679 | 14,021 | 18,649 | 14,189 | 7,291 | 5,201 | ||||||||||||||
D | Pretax Earnings + Fixed Charges Including Deposit Interest | $ | 26,676 | $ | 38,003 | $ | 40,751 | $ | 33,863 | $ | 23,939 | $ | 17,936 | |||||||
Ratio of Earnings to Fixed Charges | ||||||||||||||||||||
C/B | Excluding Interest on Deposits | 5.193 | 4.444 | 5.084 | 6.164 | 7.393 | 7.122 | |||||||||||||
D/A | Including Interest on Deposits | 2.060 | 1.957 | 1.772 | 1.948 | 2.509 | 2.566 | |||||||||||||
Fixed Charges in Excess of Earnings | n/a | n/a | n/a | n/a | n/a | n/a |