EXHIBIT 12.1
RATIO OF EARNINGS TO FIXED CHARGES
FOR THE YEARS ENDED DECEMBER 31,
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1996 1995 1994 1993 1992
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(IN THOUSANDS)
Earnings (loss) before income taxes and extraordinary items $ 31,252 $ 28,437 $ 26,497 $ 23,171 $ 24,493
Fixed interest charges 78,303 66,862 42,227 36,758 56,749
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Earnings (loss):
Including fixed interest charges 109,555 95,299 68,724 59,929 81,242
Excluding interest expense on deposits 54,527 48,653 37,078 28,131 33,831
Fixed interest charges excluding interest expense on deposits 23,275 20,216 10,581 4,960 9,338
Ratios:
Earnings including fixed interest charges to fixed interest
charges 1.40 1.43 1.63 1.63 1.43
Earnings to fixed interest excluding interest on deposits 2.34 2.41 3.50 5.67 3.62
Dollar deficiency of earnings to fixed interest charges $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00
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