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EXHIBIT 12.1
MARCH 31, YEAR ENDED,
1998 1997 1996 1995 1994 1993
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Fixed Charges:
Interest on debt 6,048 20,105 13,458 14,913 7,786 4,134
Interest on Deposits 8,429 25,958 21,357 l7,033 9,727 7,694
Amortization of debt discount and expenses - - - - - -
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Total 14,477 46,063 34,815 31,946 17,513 11,828
Preferred Dividends:
Amount declared 162 546 - - - -
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Gross up to pretax 288 742 - - - -
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Earnings:
Consolidated net income 436 4,217 2,552 2,720 540 1,377
Add back:
Consolidated provision for income taxes 475 1,657 1,195 1,660 182 842
Cumulative effect of change in acctg. policy - - - - - (170)
Fixed charges less interest capitalized 14,477 46,063 34,815 31,946 17,513 11,828
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Sub-total 15,388 51,937 38,562 36,326 18,235 13,877
Less: Undistributed earnings of subsidiaries
AGT Mortgage Services - (642) (119) - - -
AGT PRA 526 (1,138) (121) - - -
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Total 14,862 53,717 38,802 36,326 18,235 13,877
Ratio of Earnings to Fixed Charges:
Including interest on deposits 1.03 1.17 1.11 1.14 1.04 1.17
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Excluding interest on deposits 1.06 1.38 1.30 1.29 1.09 1.50
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Ratio of Earnings to Fixed Charges and Preferred Dividends:
Including interest on deposits 1.01 1.15 1.11 1.14 1.04 1.17
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Excluding interest on deposits 1.02 1.33 1.30 1.29 1.09 1.50
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