1 EXHIBIT 12(A) D&N CAPITAL CORPORATION Computation of ratio of earnings to fixed charges For the Nine Months Ended September 30, 1998 (In thousands, except ratio): ----------------------------- Net income $ 3,018 Fixed charges: Advisory fees 94 Total fixed charges 94 Earnings before fixed charges 3,112 Fixed charges, as above 94 Ratio of earnings to fixed charges 33.1