Exhibit 12.1

Nara Bancorp, Inc.

Computation of Ratio of Earnings to Fixed Charges and Preferred Stock
Dividends



|                                                                                           |  |                                 |         |   |      |   |        |  |      |         |      |   |         |  |   |       
|------------------------------------------------------------------------------------------ |  | ------------------------------- | ------- | - | ---- | - | ------ |  | ---- | ------- | ---- | - | ------- |  | - | ------
|                                                                                           |  | For the Year ended December 31,
|(Dollars in thousands)                                                                     |  | 2009                            |         |   | 2008 |   | 2007   |  | 2006 |         | 2005
|                                                                                           |  |                                 |         |   |     
|Earnings excluding interest on deposits(1):                                                |  |                                 |         |   |      |   |        |  |      |         |      |   |         |  |   |       
|Earnings (losses) before income tax provision (benefit)                                    |  | $                               | (11,922 | ) |      | $ | 4,380  |  | $    | 55,798  |      | $ | 56,203  |  | $ | 45,668
|Fixed charges                                                                              |  |                                 | 17,210  |   |      |   | 18,709 |  |      | 12,666  |      |   | 7,494   |  |   | 6,645 
|                                                                                           |  |                                 |         |   |      |   |        |  |      |         |      |   |         |  |   |       
|                                                                                           |  | $                               | 5,288   |   |      | $ | 23,089 |  | $    | 68,464  |      | $ | 63,697  |  | $ | 52,313
|                                                                                           |  |                                 |         |   |      |   |        |  |      |         |      |   |         |  |   |       
|                                                                                           |  |                                 |         |   |     
|Preferred dividends and discount accretion(2):                                             |  | $                               | 7,904   |   |      | $ | 693    |  | $    |        |      | $ |        |  | $ |      
|                                                                                           |  |                                 |         |   |     
|Fixed charges(1):                                                                          |  |                                 |         |   |      |   |        |  |      |         |      |   |         |  |   |       
|Interest on borrowings                                                                     |  | $                               | 13,041  |   |      | $ | 13,932 |  | $    | 6,988   |      | $ | 2,311   |  | $ | 2,090 
|Interest on long-term debt, including amortization of debt issuance costs                  |  |                                 | 2,055   |   |      |   | 2,845  |  |      | 3,750   |      |   | 3,389   |  |   | 2,901 
|Portion of long-term lease expense representative of the interest factor(3)                |  |                                 | 2,114   |   |      |   | 1,932  |  |      | 1,928   |      |   | 1,794   |  |   | 1,654 
|                                                                                           |  |                                 |         |   |      |   |        |  |      |         |      |   |         |  |   |       
|                                                                                           |  | $                               | 17,210  |   |      | $ | 18,709 |  | $    | 12,666  |      | $ | 7,494   |  | $ | 6,645 
|                                                                                           |  |                                 |         |   |      |   |        |  |      |         |      |   |         |  |   |       
|                                                                                           |  |                                 |         |   |     
|Ratio of earnings (losses) to fixed charges                                                |  |                                 | 0.31    |   |      |   | 1.23   |  |      | 5.41    |      |   | 8.50    |  |   | 7.87  
|                                                                                           |  |                                 |         |   |      |   |        |  |      |         |      |   |         |  |   |       
|                                                                                           |  |                                 |         |   |     
|Ratio of earnings (losses) to fixed charges and preferred dividends and discount accretion |  |                                 | 0.21    |   |      |   | 1.19   |  |      | 5.41    |      |   | 8.50    |  |   | 7.87  
|                                                                                           |  |                                 |         |   |      |   |        |  |      |         |      |   |         |  |   |       
|Earnings including interest on deposits(1):                                                |  |                                 |         |   |      |   |        |  |      |         |      |   |         |  |   |       
|Earnings (losses) before income tax provision (benefit)                                    |  | $                               | (11,922 | ) |      | $ | 4,380  |  | $    | 55,798  |      | $ | 56,203  |  | $ | 45,668
|Fixed charges                                                                              |  |                                 | 67,846  |   |      |   | 72,789 |  |      | 80,913  |      |   | 63,051  |  |   | 39,343
|                                                                                           |  |                                 |         |   |      |   |        |  |      |         |      |   |         |  |   |       
|                                                                                           |  | $                               | 55,924  |   |      | $ | 77,169 |  | $    | 136,711 |      | $ | 119,254 |  | $ | 85,011
|                                                                                           |  |                                 |         |   |      |   |        |  |      |         |      |   |         |  |   |       
|                                                                                           |  |                                 |         |   |     
|Preferred dividends and discount accretion(2):                                             |  | $                               | 7,904   |   |      | $ | 693    |  | $    |        |      | $ |        |  | $ |      
|                                                                                           |  |                                 |         |   |     
|Fixed charges(1):                                                                          |  |                                 |         |   |      |   |        |  |      |         |      |   |         |  |   |       
|Interest on borrowings and deposits                                                        |  | $                               | 63,677  |   |      | $ | 68,012 |  | $    | 75,235  |      | $ | 57,868  |  | $ | 34,788
|Interest on long-term debt, including amortization of debt issuance costs                  |  |                                 | 2,055   |   |      |   | 2,845  |  |      | 3,750   |      |   | 3,389   |  |   | 2,901 
|Portion of long-term lease expense representative of the interest factor(3)                |  |                                 | 2,114   |   |      |   | 1,932  |  |      | 1,928   |      |   | 1,794   |  |   | 1,654 
|                                                                                           |  |                                 |         |   |      |   |        |  |      |         |      |   |         |  |   |       
|                                                                                           |  | $                               | 67,846  |   |      | $ | 72,789 |  | $    | 80,913  |      | $ | 63,051  |  | $ | 39,343
|                                                                                           |  |                                 |         |   |      |   |        |  |      |         |      |   |         |  |   |       
|                                                                                           |  |                                 |         |   |     
|Ratio of earnings (losses) to fixed charges                                                |  |                                 | 0.82    |   |      |   | 1.06   |  |      | 1.69    |      |   | 1.89    |  |   | 2.16  
|                                                                                           |  |                                 |         |   |      |   |        |  |      |         |      |   |         |  |   |       
|                                                                                           |  |                                 |         |   |     
|Ratio of earnings (losses) to fixed charges and preferred dividends and discount accretion |  |                                 | 0.74    |   |      |   | 1.05   |  |      | 1.69    |      |   | 1.89    |  |   | 2.16  
|                                                                                           |  |                                 |         |   |      |   |        |  |      |         |      |   |         |  |   |       



|(1) | As defined in Item 503(d) of Regulation S-K
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|(2) | Increased to amounts representing the pretax earnings (losses) that would be required to cover such dividend requirements.
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|(3) | The interest factor is estimated to be one-third of long-term lease expense.
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