1
Exhibit 12
Statement Regarding Computation of Ratios
Year Ended March 31,
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1998 1997 1996 1995 1994
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(Dollars in Thousands)
Earnings:
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Income before income taxes.............................. $14,291 $ 9,781 $ 8,940 $10,114 $10,015
Fixed charges, excluding interest on deposits........... 7,244 6,462 4,141 2,906 3,230
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Income before taxes and fixed charges,
excluding interest on deposits ....................... 21,535 16,243 13,081 13,020 13,245
Interest on deposits. . . . . . ...................... . 22,420 19,191 18,569 15,307 14,896
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Income before taxes and fixed charges,
including interest on deposits........................ $43,955 $ 35,434 $31,650 $28,327 $28,141
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Fixed Charges:
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Interest expense excluding interest on
deposits.............................................. $ 7,146 $ 6,372 $ 4,039 $ 2,816 $ 3,104
One-third net rental expense........................... 98 90 102 90 126
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Total fixed charges, excluding interest on
deposits.............................................. 7,244 6,462 4,141 2,906 3,230
Interest on deposits.................................... 22,420 19,191 18,569 15,307 14,896
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Total fixed charges, including interest on
deposits.............................................. $29,664 $25,653 $22,710 $18,213 $18,126
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Earnings To Fixed Charges Ratios:
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Excluding interest on deposits.......................... 2.97x 2.51x 3.16x 4.48x 4.10x
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Including interest on deposits.......................... 1.48x 1.38x 1.39x 1.56x 1.55x
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