Exhibit 12
| At or For Year Ended December 31, | |||||
| 2005 | 2004 | 2003 | 2002 | 2001 | |
| (Dollars in thousands) | |||||
| Earnings: | |||||
| 1. Income before income taxes | $31,734 | $39,074 | $30,151 | $44,118 | $27,207 |
| 2. Plus interest expense | 56,097 | 37,233 | 31,729 | 37,437 | 46,698 |
| 3. Earnings including interest on deposits | 87,831 | 76,307 | 61,880 | 81,555 | 73,905 |
| 4. Less interest on deposits | 42,269 | 28,952 | 25,147 | 29,344 | 33,196 |
| 5. Earnings excluding interest on deposits | $45,562 | $47,355 | $36,733 | $52,211 | $40,709 |
| Fixed Charges: | |||||
| 6. Including interest on deposits and capitalized interest | $56,097 | $37,233 | $31,729 | $37,437 | $46,698 |
| 7. Less interest on deposits (Line 4) | 42,269 | 28,952 | 25,147 | 29,344 | 33,196 |
| 8. Excluding interest on deposits | $13,828 | $ 8,281 | $ 6,582 | $ 8,093 | $13,502 |
| Ratio of earnings to fixed charges: | |||||
| Including interest on deposits (Line 3 divided by Line 6) | 1.57 | 2.05 | 1.95 | 2.18 | 1.58 |
| Excluding interest on deposits (Line 5 divided by Line 8) | 3.29 | 5.72 | 5.58 | 6.45 | 3.02 |
