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Exhibit 12
METROPOLITAN FINANCIAL CORP.
Computation of Earnings to Fixed Charges
Computation of Earnings 1998 1997 1996 1995 1994
Net income 7,039,495 5,802,887 1,538,903 3,542,419 3,436,789
Income taxes 4,049,000 3,492,000 1,095,000 2,154,700 1,987,143
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Income before taxes 11,088,495 9,294,887 2,633,903 5,697,119 5,423,932
Fixed charges less interest 11,577,389 7,890,654 5,275,600 3,574,470 1,254,223
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Earnings excluding deposit interest 22,665,884 17,185,541 7,909,503 9,271,589 6,678,155
Interest on Deposits 42,436,460 34,120,452 28,131,837 23,521,751 14,917,447
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Earnings including Deposit Interest 65,102,344 51,305,993 36,041,340 32,793,340 21,595,602
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Interest expense 11,247,517 7,582,855 4,984,212 3,294,520 1,074,344
Gross rental expense 989,617 923,395 874,164 839,849 539,636
Less: noninterest 659,745 615,597 582,776 559,899 359,757
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329,872 307,798 291,388 279,950 179,879
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Fixed charges excluding deposit interest 11,577,389 7,890,653 5,275,600 3,574,470 1,254,223
Interest on deposits 42,436,460 34,120,452 28,131,837 23,521,751 14,917,447
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Fixed charges including interest 54,013,849 42,011,105 33,407,437 27,096,221 16,171,670
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Earnings to Fixed Charges excluding Deposit Interest 1.96 2.18 1.50 2.59 5.32
Earnings to Fixed Charges including Deposit Interest 1.21 1.22 1.08 1.21 1.34