Exhibit 12.1

Computation of Ratio of Earnings to Fixed Charges (Unaudited)

	Three Months Ended
	March 31,				Years Ended December 31,
Dollars in Thousands	2008		2007		2007		2006		2005		2004		2003
Income Before Income Taxes	$	2,463	$	4,311	$	14,163	$	36,813	$	32,413	$	22,999	$	21,427
Plus: Interest on Deposits		12,578		12,330		53,880		41,070		21,320		12,156		13,187
Plus: Interest on Federal Funds Purchased		113		1,328		2,164		744		111		145		146
Plus: Interest on Repurchase Agreements		518		1,429		4,492		4,371		2,098		644		377
Plus: Interest on FHLB Advances		640		287		1,475		1,180		1,648		1,333		2,727
Plus: Interest on SunTrust Line of Credit		—		—		—		47		170		—		—
Plus: Interest on SunTrust Term Loan		—		200		397		690		—		—		—
Plus: Interest on Subordinated Debt Supporting Trust Preferred Stock Issuances		821		691		3,229		2,685		868		—		—
Plus: Dividends on Preferred Stock		—		—		—		—		—		—		—
Plus: Interest Within Rental Expense*		—		—		—		—		—		—		—
Combined Fixed Charges and Preference Dividends (Including Interest on Deposits)		14,670		16,265		65,637		50,787		26,215		14,278		16,437
Adjusted Earnings	$	17,133	$	20,576	$	79,800	$	87,600	$	58,628	$	37,277	$	37,864
Ratio of Earnings to Combined Fixed Charges and Preference Dividends (Including Interest on Deposits)		1.17		1.27		1.22		1.72		2.24		2.61		2.30
Ratio of Earnings to Combined Fixed Charges and Preference Dividends (Excluding Interest on Deposits from Combined Fixed Charges and Preference Dividends and Adjusted Earnings)		2.18		2.10		2.20		4.79		7.62		11.84		7.59

* All of Seacoast Banking Corporation of Florida’s leases are operating; none are capitalized.