Exhibit 12.1

Computation of Ratio of Earnings to Fixed Charges



|                                                               |  |                                  |          |    |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|-------------------------------------------------------------- |  | -------------------------------- | -------- | -- | ---- | - | ------- | ---- |  | - | ------- | - |  | ---- | ------- | - |  | - | ------- | -
|                                                               |  | For the Years Ended December 31, |         
|                                                               |  | 2008                             |          |    | 2007 |   |         | 2006 |  |   | 2005    |   |  | 2004 |        
|INCLUDING INTEREST ON DEPOSITS                                 |  |                                  |          |    |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|Earnings                                                       |  |                                  |          |    |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|Income (loss) before income taxes                              |  | $                                | (132,740 | )  |      | $ | (5,009  | )    |  | $ | 48,198  |   |  | $    | 51,294  |   |  | $ | 34,286  |  
|Plus:                                                          |  |                                  |          |    |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|Total Fixed Charges (See below)                                |  |                                  | 117,663  |    |      |   | 125,005 |      |  |   | 112,335 |   |  |      | 71,696  |   |  |   | 48,206  |  
|Less:                                                          |  |                                  |          |    |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|Preferred stock dividend (1)                                   |  |                                  | (3,308   | )  |      |   |        |      |  |   |        |   |  |      |        |   |  |   | (2,885  | )
|                                                               |  |                                  |          |    |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|Total Earnings                                                 |  | $                                | (18,385  | )  |      | $ | 119,996 |      |  | $ | 160,533 |   |  | $    | 122,990 |   |  | $ | 79,607  |  
|                                                               |  |                                  |          |    |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|Fixed Charges                                                  |  |                                  |          |    |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|Total interest expense (2)                                     |  | $                                | 112,097  |    |      | $ | 122,354 |      |  | $ | 109,808 |   |  | $    | 69,202  |   |  | $ | 42,830  |  
|Interest included in operating lease rental expense (3)        |  |                                  | 2,258    |    |      |   | 2,651   |      |  |   | 2,527   |   |  |      | 2,494   |   |  |   | 2,491   |  
|Preferred stock dividend (1)                                   |  |                                  | 3,308    |    |      |   |        |      |  |   |        |   |  |      |        |   |  |   | 2,885   |  
|                                                               |  |                                  |          |    |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|Total Fixed Charges                                            |  | $                                | 117,663  |    |      | $ | 125,005 |      |  | $ | 112,335 |   |  | $    | 71,696  |   |  | $ | 48,206  |  
|                                                               |  |                                  |          |    |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|Ratio of Earnings to Fixed Charges                             |  |                                  | (0.16    | )x |      |   | 0.96    | x    |  |   | 1.43    | x |  |      | 1.72    | x |  |   | 1.65    | x
|                                                               |  |                                  |          |    |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|EXCLUDING INTEREST ON DEPOSITS                                 |  |                                  |          |    |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|Earnings                                                       |  |                                  |          |    |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|Income (loss) before income taxes                              |  | $                                | (132,740 | )  |      | $ | (5,009  | )    |  | $ | 48,198  |   |  | $    | 51,294  |   |  | $ | 34,286  |  
|Plus:                                                          |  |                                  |          |    |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|Total Fixed Charges excluding interest on deposits (See below) |  |                                  | 29,384   |    |      |   | 27,975  |      |  |   | 25,069  |   |  |      | 19,686  |   |  |   | 16,964  |  
|Less:                                                          |  |                                  |          |    |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|Preferred stock dividend (1)                                   |  |                                  | (3,308   | )  |      |   |        |      |  |   |        |   |  |      |        |   |  |   | (2,885  | )
|                                                               |  |                                  |          |    |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|Total Earnings                                                 |  | $                                | (106,664 | )  |      | $ | 22,966  |      |  | $ | 73,267  |   |  | $    | 70,980  |   |  | $ | 48,365  |  
|                                                               |  |                                  |          |    |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|Fixed Charges                                                  |  |                                  |          |    |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|Total interest expense (2)                                     |  | $                                | 112,097  |    |      | $ | 122,354 |      |  | $ | 109,808 |   |  | $    | 69,202  |   |  | $ | 42,830  |  
|Interest included in operating lease rental expense (3)        |  |                                  | 2,258    |    |      |   | 2,651   |      |  |   | 2,527   |   |  |      | 2,494   |   |  |   | 2,491   |  
|Preferred stock dividend (1)                                   |  |                                  | 3,308    |    |      |   |        |      |  |   |        |   |  |      |        |   |  |   | 2,885   |  
|Less: interest expense on deposits                             |  |                                  | (88,279  | )  |      |   | (97,030 | )    |  |   | (87,266 | ) |  |      | (52,010 | ) |  |   | (31,242 | )
|                                                               |  |                                  |          |    |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|Total Fixed Charges excluding interest on deposits             |  | $                                | 29,384   |    |      | $ | 27,975  |      |  | $ | 25,069  |   |  | $    | 19,686  |   |  | $ | 16,964  |  
|                                                               |  |                                  |          |    |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|Ratio of Earnings to Fixed Charges                             |  |                                  | (3.63    | )x |      |   | 0.82    | x    |  |   | 2.92    | x |  |      | 3.61    | x |  |   | 2.85    | x
|                                                               |  |                                  |          |    |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  



|(1) | The stock dividend amount has been grossed up to compute the pre-tax income equivalent assuming an estimated 35% tax rate.
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|(2) | Interest expense includes cash interest expense on deposits and other debt and amortization of debt issuance costs.
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|(3) | Calculation of interest included in operating lease rental expense is representative of the interest factor attributable to the lease payment.
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