EXHIBIT 12

Ratio of Earnings to Fixed Charges

(In thousands of dollars)	2010			2009			2008			2007			2006
Fixed charges
Interest expensed and capitalized	$	20,890		$	25,939		$	35,353		$	38,217		$	30,721
Preference dividends
Preferred dividend		1,650			1,513			0			0			0
Divided by 1 - tax rate		0.66			0.66			0.66			0.66			0.66
Preference dividend cost		2,500			2,292			0			0			0
Total fixed charges and preferred dividends		23,390			28,231			35,353			38,217			30,721
Less: Interest on deposits		(15,733	)		(18,841	)		(25,468	)		(28,649	)		(22,942	)
Total fixed charges and preferred dividends	$	7,657		$	9,390		$	9,885		$	9,568		$	7,779
excluding interest on deposits
Earnings
Pre-tax income	$	5,275		$	3,735		$	(343	)	$	11,277		$	14,610
Add: Fixed charges and preferred dividends		23,390			28,231			35,353			38,217			30,721
Total earnings		28,665			31,966			35,010			49,494			45,331
Less: Interest on deposits		(15,733	)		(18,841	)		(25,468	)		(28,649	)		(22,942	)
Total earnings less interest on deposits	$	12,932		$	13,125		$	9,542		$	20,845		$	22,389
Ratio of earnings to fixed charges
Including interest on deposits		1.23	x		1.13	x		0.99	x		1.30	x		1.48	x
Excluding interest on deposits		1.69	x		1.40	x		0.97	x		2.18	x		2.88	x