Statement of Computation of Ratios of Earnings to Fixed Charges and Preferred Dividends

The following table presents West Coast Bancorp's ratio of earnings to fixed charges on a consolidated basis for the periods presented. For purposes of calculating the ratio of earnings to fixed charges and preferred dividends, earnings consist of income (loss) before income taxes plus fixed charges. Fixed charges consist of interest on short and long term debt and interest on deposits, as well as an estimate of interest within net rental expense. West Coast Bancorp did not have any preferred stock outstanding as of the periods shown and consequently did not pay or accrue dividends on preferred stock for the periods shown. West Coast Bancorp did not have any amortized premiums or discounts related debt for the periods shown. The ratios are based solely on historical financial information, and no pro forma adjustments have been made.

		Nine months ended September 30, 2009			Year ended December 31,

(Dollars in thousands)		Nine months ended September 30, 2009			2008			2007		2006		2005		2004
Earnings:
Income (loss) before income taxes		$	(64,165	)	$	(13,911	)	$	23,963	$	44,570	$	34,851	$	31,705
Fixed charges			26,795			50,117			69,754		50,974		27,327		18,902

	Total Earnings	$	(37,370	)	$	36,206		$	93,717	$	95,544	$	62,178	$	50,607

Fixed charges:
Interest expense on borrowings			6,653			11,147			13,434		8,999		5,933		6,900
One-third net rental expense(2)			1,082			1,421			1,284		1,048		897		787

	Total fixed charges excluding interest expense on deposits		7,735			12,568			14,718		10,047		6,830		7,687
Interest expense on deposits			19,060			37,549			55,036		40,927		20,497		11,215

	Total fixed charges	$	26,795		$	50,117		$	69,754	$	50,974	$	27,327	$	18,902

Ratio of earnings to fixed charges
	Including interest on deposits		N/A	(1)		0.72			1.34		1.87		2.28		2.68
	Excluding interest on deposits		N/A	(1)		N/A	(1)		2.63		5.44		6.10		5.12