EXHIBIT 12.1

		December 31,
		2008		2007		2006		2005		2004
Ratio of Earnings to Fixed Charges
Excluding interest on deposits	$	5.84	$	6.95	$	7.82	$	9.11	$	8.20
Including interest on deposits		1.58		1.54		1.74		2.20		2.07
Income before income taxes		12,261		13,577		13,789		14,048		9,531
Fixed Charges
Interest on short-term borrowings & Long-
term debt		2,392		2,141		1,884		1,609		1,213
amortization of debt expense		-		-		-		-		-
capitalized interest		-		-		-		-		-
one-third of net rental expense		144		141		138		123		111
Total Fixed Charges	$	2,536	$	2,282	$	2,022	$	1,732	$	1,324
Interest on Deposits	$	18,442	$	22,669	$	16,557	$	9,957	$	7,624
Rental Expense	$	435	$	426	$	419	$	374	$	336