CALCULATION OF EARNINGS TO FIXED CHARGES
Years Ended June 30,
Year Ended Six Months ---------------------------------------------------------------
12/31/97 Ended 12/31/96 1996 1995 1994 1993 1992
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Net Income (Loss) 898 (6) 643 376 (480) 973 780
Effect Of Change In Accounting
Principal - - - - 196 - -
Income Taxes 487 (3) 344 101 (235) 483 356
Fixed Charges - Including Interest
On Deposits 1 6,038 2,940 5,192 4,663 5,073 5,094 6,359
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Total Earnings 7,423 2,931 6,179 5,140 4,554 6,550 7,495
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Fixed Charges - Excluding Interest
On Deposits 2 1,116 980 2,059 2,223 3,134 2,806 2,504
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Total Earnings - Excluding Interest
On Deposits 2,501 971 3,046 2,700 2,615 4,262 3,640
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Ratio Of Earnings To Fixed Charges:
Excluding Interest On Deposits 3 2.24 0.99 1.48 1.21 0.83 1.52 1.45
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Including Interest On Deposits 4 1.23 1.00 1.19 1.10 0.90 1.29 1.18
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1 Fixed charges including interest on deposits is equal to gross interest
expense.
2 Fixed charges excluding interest on deposits contains interest expense on
bonds payable, FHLB advances and other borrowings.
3 Computed by dividing total earnings by fixed charges excluding interest on
deposits.
4 Computed by dividing total earnings by fixed charges including interest on
deposits.