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)                                                                     |  | 2010                            |         |   | 2009 |   |         | 2008 |  |   | 2007   |  |  | 2006 |        
|Earnings excluding interest on deposits(1):                                                |  |                                 |         |   |      |   |         |      |  |   |        |  |  |      |         |  |  |   |         | 
|Earnings (losses) before income tax provision (benefit)                                    |  | $                               | (15,139 | ) |      | $ | (11,922 | )    |  | $ | 4,380  |  |  | $    | 55,798  |  |  | $ | 56,203  | 
|Fixed charges                                                                              |  |                                 | 16,417  |   |      |   | 17,210  |      |  |   | 18,709 |  |  |      | 12,666  |  |  |   | 7,494   | 
|                                                                                           |  |                                 |         |   |      |   |         |      |  |   |        |  |  |      |         |  |  |   |         | 
|                                                                                           |  | $                               | 1,278   |   |      | $ | 5,288   |      |  | $ | 23,089 |  |  | $    | 68,464  |  |  | $ | 63,697  | 
|                                                                                           |  |                                 |         |   |      |   |         |      |  |   |        |  |  |      |         |  |  |   |         | 
|Preferred dividends and discount accretion(2):                                             |  | $                               | 7,930   |   |      | $ | 7,904   |      |  | $ | 693    |  |  | $    |        |  |  | $ |        | 
|Fixed charges(1):                                                                          |  |                                 |         |   |      |   |         |      |  |   |        |  |  |      |         |  |  |   |         | 
|Interest on borrowings                                                                     |  | $                               | 12,099  |   |      | $ | 13,041  |      |  | $ | 13,932 |  |  | $    | 6,988   |  |  | $ | 2,311   | 
|Interest on long-term debt, including amortization of debt issuance costs                  |  |                                 | 2,101   |   |      |   | 2,055   |      |  |   | 2,845  |  |  |      | 3,750   |  |  |   | 3,389   | 
|Portion of long-term lease expense representative of the interest factor(3)                |  |                                 | 2,217   |   |      |   | 2,114   |      |  |   | 1,932  |  |  |      | 1,928   |  |  |   | 1,794   | 
|                                                                                           |  |                                 |         |   |      |   |         |      |  |   |        |  |  |      |         |  |  |   |         | 
|                                                                                           |  | $                               | 16,417  |   |      | $ | 17,210  |      |  | $ | 18,709 |  |  | $    | 12,666  |  |  | $ | 7,494   | 
|                                                                                           |  |                                 |         |   |      |   |         |      |  |   |        |  |  |      |         |  |  |   |         | 
|Ratio of earnings (losses) to fixed charges                                                |  |                                 | 0.08    |   |      |   | 0.31    |      |  |   | 1.23   |  |  |      | 5.41    |  |  |   | 8.50    | 
|                                                                                           |  |                                 |         |   |      |   |         |      |  |   |        |  |  |      |         |  |  |   |         | 
|Ratio of earnings (losses) to fixed charges and preferred dividends and discount accretion |  |                                 | 0.05    |   |      |   | 0.21    |      |  |   | 1.19   |  |  |      | 5.41    |  |  |   | 8.50    | 
|                                                                                           |  |                                 |         |   |      |   |         |      |  |   |        |  |  |      |         |  |  |   |         | 
|Earnings including interest on deposits(1):                                                |  |                                 |         |   |      |   |         |      |  |   |        |  |  |      |         |  |  |   |         | 
|Earnings (losses) before income tax provision (benefit)                                    |  | $                               | (15,139 | ) |      | $ | (11,922 | )    |  | $ | 4,380  |  |  | $    | 55,798  |  |  | $ | 56,203  | 
|Fixed charges                                                                              |  |                                 | 44,299  |   |      |   | 67,846  |      |  |   | 72,789 |  |  |      | 80,913  |  |  |   | 63,051  | 
|                                                                                           |  |                                 |         |   |      |   |         |      |  |   |        |  |  |      |         |  |  |   |         | 
|                                                                                           |  | $                               | 29,160  |   |      | $ | 55,924  |      |  | $ | 77,169 |  |  | $    | 136,711 |  |  | $ | 119,254 | 
|                                                                                           |  |                                 |         |   |      |   |         |      |  |   |        |  |  |      |         |  |  |   |         | 
|Preferred dividends and discount accretion(2):                                             |  | $                               | 7,930   |   |      | $ | 7,904   |      |  | $ | 693    |  |  | $    |        |  |  | $ |        | 
|Fixed charges(1):                                                                          |  |                                 |         |   |      |   |         |      |  |   |        |  |  |      |         |  |  |   |         | 
|Interest on borrowings and deposits                                                        |  | $                               | 39,981  |   |      | $ | 63,677  |      |  | $ | 68,012 |  |  | $    | 75,235  |  |  | $ | 57,868  | 
|Interest on long-term debt, including amortization of debt issuance costs                  |  |                                 | 2,101   |   |      |   | 2,055   |      |  |   | 2,845  |  |  |      | 3,750   |  |  |   | 3,389   | 
|Portion of long-term lease expense representative of the interest factor(3)                |  |                                 | 2,217   |   |      |   | 2,114   |      |  |   | 1,932  |  |  |      | 1,928   |  |  |   | 1,794   | 
|                                                                                           |  |                                 |         |   |      |   |         |      |  |   |        |  |  |      |         |  |  |   |         | 
|                                                                                           |  | $                               | 44,299  |   |      | $ | 67,846  |      |  | $ | 72,789 |  |  | $    | 80,913  |  |  | $ | 63,051  | 
|                                                                                           |  |                                 |         |   |      |   |         |      |  |   |        |  |  |      |         |  |  |   |         | 
|Ratio of earnings (losses) to fixed charges                                                |  |                                 | 0.66    |   |      |   | 0.82    |      |  |   | 1.06   |  |  |      | 1.69    |  |  |   | 1.89    | 
|                                                                                           |  |                                 |         |   |      |   |         |      |  |   |        |  |  |      |         |  |  |   |         | 
|Ratio of earnings (losses) to fixed charges and preferred dividends and discount accretion |  |                                 | 0.56    |   |      |   | 0.74    |      |  |   | 1.05   |  |  |      | 1.69    |  |  |   | 1.89    | 
|                                                                                           |  |                                 |         |   |      |   |         |      |  |   |        |  |  |      |         |  |  |   |         | 
|Amount of Coverage Deficiency                                                              |  |                                 |         |   |      |   |         |      |  |   |        |  |  |      |         |  |  |   |         | 
|Excluding interest on deposits                                                             |  | $                               | 23,069  |   |      | $ | 19,826  |      |  | $ |       |  |  | $    |        |  |  | $ |        | 
|Including interest on deposits                                                             |  | $                               | 23,069  |   |      | $ | 19,826  |      |  | $ |       |  |  | $    |        |  |  | $ |        | 



|(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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