EX-12.1 2 a2228165zex-12_1.htm EX-12.1
QuickLinks -- Click here to rapidly navigate through this document


EXHIBIT 12.1


Ratio of Earnings to Fixed Charges
(Dollars in Thousands)

 
   For the Years Ended December 31,  
 
   2015   2014   2013   2012   2011  

Excluding interest on deposits

     29.98 x   40.83 x   47.95 x   22.87 x   1.43 x

Including interest on deposits

     4.68 x   5.91 x   6.05 x   5.62 x   1.13 x

Net income (loss)

  
$
61,405		  
$
59,009		  
$
45,376		  
$
92,305		  
$
(30,330
)

Income tax provision (benefit)

     34,501     30,255     22,281     (4,333 )   33,625  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Income before income taxes

   $ 95,906   $ 89,264   $ 67,657   $ 87,972   $ 3,295  

Earnings before income taxes and fixed charges including interest on deposits

  
$
121,957		  
$
107,431		  
$
81,066		  
$
107,015		  
$
29,542 		 
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Earnings before income taxes and fixed charges excluding interest on deposits

   $ 99,215   $ 91,505   $ 69,098   $ 91,994   $ 11,001  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Interest on deposits

   $ 22,742   $ 15,926   $ 11,968   $ 15,021   $ 18,541  

Interest on other borrowings

     3,309     2,241     1,441     2,034     4,048  

Preferred stock dividends

     —     —     —     1,988     3,658  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total fixed charges and Preferred Stock dividends, including interest on deposits

   $ 26,051   $ 18,167   $ 13,409   $ 19,043   $ 26,247  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total fixed charges and Preferred Stock dividends, excluding interest on deposits

   $ 3,309   $ 2,241   $ 1,441   $ 4,022   $ 7,706  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​



QuickLinks

Ratio of Earnings to Fixed Charges (Dollars in Thousands)