Exhibit 12. Statement re:

Computation of Ratio of Earnings to Fixed Charges



|                                                                     |  | Year Ended December 31, |   |  | Year Ended December 31, |   |  | Year Ended December 31, |   |  | Year Ended December 31, |   |  | Year Ended December 31, |  
|-------------------------------------------------------------------- |  | ----------------------- | - |  | ----------------------- | - |  | ----------------------- | - |  | ----------------------- | - |  | ----------------------- | -
|                                                                     |  | 2002                    |   |  | 2001                    |   |  | 2000                    |   |  | 1999                    |   |  | 1998                    |  
|                                                                     |  | (Dollars in thousands)  |   |  |                         |   |  |                         |   |  |                         |   |  |                         |  
|Inclusive of interest on deposits:                                   |  |                         |   |  |                         |   |  |                         |   |  |                         |   |  |                         |  
|Earnings:                                                            |  |                         |   |  |                         |   |  |                         |   |  |                         |   |  |                         |  
|Pre-tax income                                                       |  | 73,971                  |   |  | 94,941                  |   |  | 88,870                  |   |  | 82,755                  |   |  | 62,495                  |  
|Add: Fixed charges                                                   |  | 174,092                 |   |  | 215,854                 |   |  | 218,375                 |   |  | 169,546                 |   |  | 151,728                 |  
|Less: Interest capitalized                                           |  | (96                     | ) |  | (168                    | ) |  | (256                    | ) |  | (536                    | ) |  | (267                    | )
|                                                                     |  |                         |   |  |                         |   |  |                         |   |  |                         |   |  |                         |  
|Earnings                                                             |  | 247,967                 |   |  | 310,627                 |   |  | 306,989                 |   |  | 251,765                 |   |  | 213,956                 |  
|                                                                     |  |                         |   |  |                         |   |  |                         |   |  |                         |   |  |                         |  
|Fixed charges:                                                       |  |                         |   |  |                         |   |  |                         |   |  |                         |   |  |                         |  
|Interest on deposits                                                 |  | 90,963                  |   |  | 120,664                 |   |  | 115,509                 |   |  | 99,665                  |   |  | 95,788                  |  
|Interest on borrowed funds                                           |  | 80,502                  |   |  | 93,825                  |   |  | 101,664                 |   |  | 68,736                  |   |  | 54,787                  |  
|Rent expense                                                         |  | 2,627                   |   |  | 1,365                   |   |  | 1,202                   |   |  | 1,145                   |   |  | 1,153                   |  
|                                                                     |  |                         |   |  |                         |   |  |                         |   |  |                         |   |  |                         |  
|Fixed charges                                                        |  | 174,092                 |   |  | 215,854                 |   |  | 218,375                 |   |  | 169,546                 |   |  | 151,728                 |  
|                                                                     |  |                         |   |  |                         |   |  |                         |   |  |                         |   |  |                         |  
|Ratio of earnings to fixed charges inclusive of interest on deposits |  | 1.42                    |   |  | 1.44                    |   |  | 1.41                    |   |  | 1.48                    |   |  | 1.41                    |  
|                                                                     |  |                         |   |  |                         |   |  |                         |   |  |                         |   |  |                         |  
|                                                                    
|Exclusive of interest on deposits:                                   |  |                         |   |  |                         |   |  |                         |   |  |                         |   |  |                         |  
|Earnings:                                                            |  |                         |   |  |                         |   |  |                         |   |  |                         |   |  |                         |  
|Pre-tax income                                                       |  | 73,971                  |   |  | 94,941                  |   |  | 88,870                  |   |  | 82,755                  |   |  | 62,495                  |  
|Add: Fixed charges                                                   |  | 83,129                  |   |  | 95,190                  |   |  | 102,866                 |   |  | 69,881                  |   |  | 55,940                  |  
|Less: Interest capitalized                                           |  | (96                     | ) |  | (168                    | ) |  | (256                    | ) |  | (536                    | ) |  | (267                    | )
|                                                                     |  |                         |   |  |                         |   |  |                         |   |  |                         |   |  |                         |  
|Earnings                                                             |  | 157,004                 |   |  | 189,963                 |   |  | 191,480                 |   |  | 152,100                 |   |  | 118,168                 |  
|                                                                     |  |                         |   |  |                         |   |  |                         |   |  |                         |   |  |                         |  
|Fixed charges:                                                       |  |                         |   |  |                         |   |  |                         |   |  |                         |   |  |                         |  
|Interest on deposits                                                 |  |                        |   |  |                        |   |  |                        |   |  |                        |   |  |                        |  
|Interest on borrowed funds                                           |  | 80,502                  |   |  | 93,825                  |   |  | 101,664                 |   |  | 68,736                  |   |  | 54,787                  |  
|Rent expense                                                         |  | 2,627                   |   |  | 1,365                   |   |  | 1,202                   |   |  | 1,145                   |   |  | 1,153                   |  
|                                                                     |  |                         |   |  |                         |   |  |                         |   |  |                         |   |  |                         |  
|Fixed charges                                                        |  | 83,129                  |   |  | 95,190                  |   |  | 102,866                 |   |  | 69,881                  |   |  | 55,940                  |  
|                                                                     |  |                         |   |  |                         |   |  |                         |   |  |                         |   |  |                         |  
|Ratio of earnings to fixed charges exclusive of interest on deposits |  | 1.89                    |   |  | 2.00                    |   |  | 1.86                    |   |  | 2.18                    |   |  | 2.11                    |  
|                                                                     |  |                         |   |  |                         |   |  |                         |   |  |                         |   |  |                         |