EXHIBIT 12.1

Ratio of Earnings to Fixed Charges

	Years Ended December 31,
Ratio of Earnings to Fixed Charges:	2012		2011		2010		2009			2008			2007
	(dollars in thousands)
Earnings:
Income/(loss)  before income taxes	$	9,342	$	4,925	$	1,099	$	(3,376	)	$	(1,490	)	$	2,071
Fixed charges		7,942		10,531		8,314		8,833			12,543			13,505
Total Earnings	$	17,284	$	15,456	$	9,413	$	5,457		$	11,053		$	15,576
Fixed charges:
Interest expense on deposits	$	4,874	$	7,550	$	5,759	$	6,471		$	9,043		$	10,858
Interest expense on borrowings		2,739		2,800		2,515		2,322			3,451			2,604
Estimated interest portion of rent expense(1)		329		181		40		40			49			43
Total fixed charges	$	7,942	$	10,531	$	8,314	$	8,833		$	12,543		$	13,505
Ratio of earnings to fixed charges:
Excluding interest on deposits		5.63		5.18		3.68		2.31			3.16			5.88
Including interest on deposits		2.18		1.47		1.13		0.62			0.88			1.15

(1) Estimated to be 33% of rent expense.