Exhibit 12.1

Computation of Ratio of Earnings to Fixed Charges

	For the Years Ended December 31,
	2007			2006			2005			2004			2003
INCLUDING INTEREST ON DEPOSITS
Earnings
Income (loss) before income taxes	$	(5,009	)	$	48,198		$	51,294		$	34,286		$	27,315
Plus:
Total Fixed Charges (See below)		125,005			112,335			71,696			48,206			47,140
Less:
Preferred stock dividend (1)		—			—			—			(2,885	)		(5,297	)
Total Earnings	$	119,996		$	160,533		$	122,990		$	79,607		$	69,158
Fixed Charges
Total interest expense (2)	$	122,354		$	109,808		$	69,202		$	42,830		$	40,154
Interest included in operating lease rental expense (3)		2,651			2,527			2,494			2,491			1,689
Preferred stock dividend (1)		—			—			—			2,885			5,297
Total Fixed Charges	$	125,005		$	112,335		$	71,696		$	48,206		$	47,140
Ratio of Earnings to Fixed Charges		0.96	x		1.43	x		1.72	x		1.65	x		1.47	x
EXCLUDING INTEREST ON DEPOSITS
Earnings
Income (loss) before income taxes	$	(5,009	)	$	48,198		$	51,294		$	34,286		$	27,315
Plus:
Total Fixed Charges excluding interest on deposits (See below)		27,975			25,069			19,686			16,964			18,744
Less:
Preferred stock dividend (1)		—			—			—			(2,885	)		(5,297	)
Total Earnings	$	22,966		$	73,267		$	70,980		$	48,365		$	40,762
Fixed Charges
Total interest expense (2)	$	122,354		$	109,808		$	69,202		$	42,830		$	40,154
Interest included in operating lease rental expense (3)		2,651			2,527			2,494			2,491			1,689
Preferred stock dividend (1)		—			—			—			2,885			5,297
Less: interest expense on deposits		(97,030	)		(87,266	)		(52,010	)		(31,242	)		(28,396	)
Total Fixed Charges excluding interest on deposits	$	27,975		$	25,069		$	19,686		$	16,964		$	18,744
Ratio of Earnings to Fixed Charges		0.82	x		2.92	x		3.61	x		2.85	x		2.17	x

(1) The stock dividend amount has been grossed up to compute the pre-tax income equivalent assuming an estimated 35% tax rate.

(2) Interest expense includes cash interest expense on deposits and other debt and amortization of debt issuance costs.

(3) Calculation of interest included in operating lease rental expense is representative of the interest factor attributable to the lease payment.