EXHIBIT 12.1

Computation of Ratio of Earnings to Fixed Charges



|                                                                                          |  | For the Years Ended December 31, |        
|----------------------------------------------------------------------------------------- |  | -------------------------------- | -------
|                                                                                          |  | 2002                             |        
|INCLUDING INTEREST ON DEPOSITS                                                            |  |                                  |        
|Earnings                                                                                  |  |                                  |        
|Income (loss) before income taxes and cumulative effect of change in accounting
principle |  | $                                | (29,740
|Plus:                                                                                     |  |                                  |        
|Litigation settlement charge                                                              |  |                                  | 61,900 
|Total Fixed Charges (See below)                                                           |  |                                  | 51,374 
|Less:                                                                                     |  |                                  |        
|Preferred stock dividend (1)                                                              |  |                                  | (5,295 
|                                                                                          |  |                                  |        
|Total Earnings                                                                            |  | $                                | 78,239 
|                                                                                          |  |                                  |        
|                                                                                         
|Fixed Charges                                                                             |  |                                  |        
|Total interest expense (2)                                                                |  | $                                | 44,680 
|Interest included in operating lease rental expense (3)                                   |  |                                  | 1,399  
|Preferred stock dividend (1)                                                              |  |                                  | 5,295  
|                                                                                          |  |                                  |        
|Total Fixed Charges                                                                       |  | $                                | 51,374 
|                                                                                          |  |                                  |        
|Ratio of Earnings to Fixed Charges                                                        |  |                                  | 1.52x  
|                                                                                          |  |                                  |        
|                                                                                         
|EXCLUDING INTEREST ON DEPOSITS                                                            |  |                                  |        
|Earnings                                                                                  |  |                                  |        
|Income (loss) before income taxes and cumulative effect of change in accounting
principle |  | $                                | (29,740
|Plus:                                                                                     |  |                                  |        
|Litigation settlement charge                                                              |  |                                  | 61,900 
|Total Fixed Charges excluding interest on deposits (See below)                            |  |                                  | 16,089 
|Less:                                                                                     |  |                                  |        
|Preferred stock dividend (1)                                                              |  |                                  | (5,295 
|                                                                                          |  |                                  |        
|Total Earnings                                                                            |  | $                                | 42,954 
|                                                                                          |  |                                  |        
|                                                                                         
|Fixed Charges                                                                             |  |                                  |        
|Total interest expense (2)                                                                |  | $                                | 44,680 
|Interest included in operating lease rental expense (3)                                   |  |                                  | 1,399  
|Preferred stock dividend (1)                                                              |  |                                  | 5,295  
|Less: interest expense on deposits                                                        |  |                                  | (35,285
|                                                                                          |  |                                  |        
|Total Fixed Charges excluding interest on deposits                                        |  | $                                | 16,089 
|                                                                                          |  |                                  |        
|Ratio of Earnings to Fixed Charges                                                        |  |                                  | 2.67x  
|                                                                                          |  |                                  |        



|(1) |  | The stock dividend amount has been grossed up to compute the pretax income equivalent assuming an estimated 35% tax rate.
|--- |  | -------------------------------------------------------------------------------------------------------------------------

|(2) |  | Interest expense includes cash interest expense on deposits and other debt and amortization of debt issuance costs.
|--- |  | -------------------------------------------------------------------------------------------------------------------

|(3) |  | Calculation of interest included in operating lease rental expense is representative of the interest factor attributable to the lease payment.
|--- |  | ----------------------------------------------------------------------------------------------------------------------------------------------