Exhibit 12.1
For the Years Ended December 31, | ||||||||||||||||||||
2007 | 2006 | 2005 | 2004 | 2003 | ||||||||||||||||
(In thousands) | ||||||||||||||||||||
Fixed Charges (excluding interest on deposits) | ||||||||||||||||||||
Interest on borrowings | $ | 108,381 | $ | 109,027 | $ | 103,704 | $ | 59,841 | $ | 76,938 | ||||||||||
Rent | 8,068 | 6,782 | 4,462 | 3,694 | 3,185 | |||||||||||||||
Total fixed charges | 116,449 | 115,809 | 108,166 | 63,535 | 80,123 | |||||||||||||||
(Loss) income from continuing operations before income taxes | (57,584 | ) | 33,976 | 65,929 | 81,507 | 45,452 | ||||||||||||||
Total earnings (1) | 58,865 | 149,785 | 174,095 | 145,042 | 125,575 | |||||||||||||||
Ratio of earnings to fixed charges | 0.51 | 1.29 | 1.61 | 2.28 | 1.57 | |||||||||||||||
Fixed Charges (including interest on deposits) | ||||||||||||||||||||
Interest on borrowings | 108,381 | 109,027 | 103,704 | 59,841 | 76,938 | |||||||||||||||
Interest on deposits | 84,476 | 58,959 | 40,084 | 28,355 | 36,189 | |||||||||||||||
Rent | 8,068 | 6,782 | 4,462 | 3,694 | 3,185 | |||||||||||||||
Total fixed charges | 200,925 | 174,768 | 148,250 | 91,890 | 116,312 | |||||||||||||||
(Loss) income from continuing operations before income taxes | (57,584 | ) | 33,976 | 65,929 | 81,507 | 45,452 | ||||||||||||||
Total earnings (2) | 143,341 | 208,744 | 214,179 | 173,397 | 161,764 | |||||||||||||||
Ratio of earnings to fixed charges | 0.71 | 1.19 | 1.44 | 1.89 | 1.39 | |||||||||||||||
(1) | Total earnings is defined as (loss) income from continuing operations plus fixed charges excluding interest on deposits | |
(2) | Total earnings is defined as (loss) income from continuing operations plus fixed charges including interest on deposits |