exv12

Exhibit 12

ADVANTA CORP. AND SUBSIDIARIES

Statement setting forth details of computation of ratio of earnings to fixed charges

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES


	For the nine
	months ended
	September 30,			For the years ended December 31,
($ in thousands)	2008			2007			2006			2005			2004			2003
Income from continuing operations	$	3,119		$	71,028		$	84,248		$	116,689		$	44,273		$	30,213
Income tax expense (benefit)		(1,580	)		44,652			52,740			40,490			28,034			18,913

Earnings before income tax expense		1,539			115,680			136,988			157,179	⁽¹⁾		72,307			49,126

Fixed charges:
Interest on debt, deposits and other borrowings		79,971			90,063			66,143			48,428			36,419			48,308
Interest on subordinated debt payable to preferred securities trust ⁽²⁾		6,951			9,268			9,167			9,158			9,158			0
One-third of all rentals		1,387			1,885			1,809			1,712			1,827			2,136
Preferred stock dividend of subsidiary trust ⁽²⁾		0			0			0			0			0			8,990

Total fixed charges		88,309			101,216			77,119			59,298			47,404			59,434

Earnings before income tax expense and fixed charges	$	89,848		$	216,896		$	214,107		$	216,477		$	119,711		$	108,560

Ratio of earnings to fixed charges⁽³⁾		1.02	x		2.14	x		2.78	x		3.65	x		2.53	x		1.83	x


(1)		Earnings before income taxes in 2005 included a $67.7 million gain on the transfer of consumer credit card business related to our May 28, 2004 agreement with Bank of America.

(2)		Our adoption of Financial Accounting Standards Board Interpretation No. 46, Consolidation of Variable Interest Entities — An Interpretation of ARB No. 51, as revised, resulted in the deconsolidation of the subsidiary trust that issued our trust preferred securities effective December 31, 2003. As a result of the deconsolidation of that trust, the consolidated income statements include interest expense on subordinated debt payable to preferred securities trust beginning January 1, 2004, as compared to periods through December 31, 2003 that included payments on the trust preferred securities classified as minority interest in income of consolidated subsidiary.

(3)		For purposes of computing these ratios, “earnings” represent income from continuing operations before income taxes plus fixed charges. “Fixed charges” consist of interest expense, one-third (the portion deemed representative of the interest factor) of rental expense on operating leases, and preferred stock dividends of subsidiary trust. Fixed charges do not include interest expense related to unrecognized tax benefits, which we classify as income tax expense.