Exhibit 12.1

Computation of Ratio of Earnings to Fixed Charges



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|------------------------------------------------------------------- |  | -------------------------------- | ------- | - | ---- | - | -------- | ---- |  | - | ------- | - |  | ---- | ------- | - |  | - | ------- | -
|                                                                    |  | For the Years Ended December 31, |        
|                                                                    |  | 2009                             |         |   | 2008 |   |          | 2007 |  |   | 2006    |   |  | 2005 |        
|INCLUDING INTEREST ON DEPOSITS                                      |  |                                  |         |   |      |   |          |      |  |   |         |   |  |      |         |   |  |   |         |  
|Earnings                                                            |  |                                  |         |   |      |   |          |      |  |   |         |   |  |      |         |   |  |   |         |  
|Income (loss) before income taxes                                   |  | $                                | (30,716 | ) |      | $ | (132,740 | )    |  | $ | (5,009  | ) |  | $    | 48,198  |   |  | $ | 51,294  |  
|Plus:                                                               |  |                                  |         |   |      |   |          |      |  |   |         |   |  |      |         |   |  |   |         |  
|Total Fixed Charges (See below)                                     |  |                                  | 117,359 |   |      |   | 117,663  |      |  |   | 125,005 |   |  |      | 112,335 |   |  |   | 71,696  |  
|Less:                                                               |  |                                  |         |   |      |   |          |      |  |   |         |   |  |      |         |   |  |   |         |  
|Preferred stock dividend (1)                                        |  |                                  | (17,666 | ) |      |   | (3,308   | )    |  |   |        |   |  |      |        |   |  |   |        |  
|                                                                    |  |                                  |         |   |      |   |          |      |  |   |         |   |  |      |         |   |  |   |         |  
|Total Earnings                                                      |  | $                                | 68,977  |   |      | $ | (18,385  | )    |  | $ | 119,996 |   |  | $    | 160,533 |   |  | $ | 122,990 |  
|                                                                    |  |                                  |         |   |      |   |          |      |  |   |         |   |  |      |         |   |  |   |         |  
|Fixed Charges                                                       |  |                                  |         |   |      |   |          |      |  |   |         |   |  |      |         |   |  |   |         |  
|Total interest expense (2)                                          |  | $                                | 97,119  |   |      | $ | 112,097  |      |  | $ | 122,354 |   |  | $    | 109,808 |   |  | $ | 69,202  |  
|Interest included in operating lease rental expense (3)             |  |                                  | 2,574   |   |      |   | 2,258    |      |  |   | 2,651   |   |  |      | 2,527   |   |  |   | 2,494   |  
|Preferred stock dividend (1)                                        |  |                                  | 17,666  |   |      |   | 3,308    |      |  |   |        |   |  |      |        |   |  |   |        |  
|                                                                    |  |                                  |         |   |      |   |          |      |  |   |         |   |  |      |         |   |  |   |         |  
|Total Fixed Charges                                                 |  | $                                | 117,359 |   |      | $ | 117,663  |      |  | $ | 125,005 |   |  | $    | 112,335 |   |  | $ | 71,696  |  
|                                                                    |  |                                  |         |   |      |   |          |      |  |   |         |   |  |      |         |   |  |   |         |  
|Ratio of Earnings to Fixed Charges                                  |  |                                  | 0.59    | x |      |   | (0.16    | )x   |  |   | 0.96    | x |  |      | 1.43    | x |  |   | 1.72    | x
|                                                                    |  |                                  |         |   |      |   |          |      |  |   |         |   |  |      |         |   |  |   |         |  
|EXCLUDING INTEREST ON DEPOSITS                                      |  |                                  |         |   |      |   |          |      |  |   |         |   |  |      |         |   |  |   |         |  
|Earnings                                                            |  |                                  |         |   |      |   |          |      |  |   |         |   |  |      |         |   |  |   |         |  
|Income (loss) before income taxes                                   |  | $                                | (30,716 | ) |      | $ | (132,740 | )    |  | $ | (5,009  | ) |  | $    | 48,198  |   |  | $ | 51,294  |  
|Plus:                                                               |  |                                  |         |   |      |   |          |      |  |   |         |   |  |      |         |   |  |   |         |  
|Total Fixed Charges excluding interest on deposits (See below)      |  |                                  | 48,195  |   |      |   | 29,384   |      |  |   | 27,975  |   |  |      | 25,069  |   |  |   | 19,686  |  
|Less:                                                               |  |                                  |         |   |      |   |          |      |  |   |         |   |  |      |         |   |  |   |         |  
|Preferred stock dividend (1)                                        |  |                                  | (17,666 | ) |      |   | (3,308   | )    |  |   |        |   |  |      |        |   |  |   |        |  
|                                                                    |  |                                  |         |   |      |   |          |      |  |   |         |   |  |      |         |   |  |   |         |  
|Total Earnings                                                      |  | $                                | (187    | ) |      | $ | (106,664 | )    |  | $ | 22,966  |   |  | $    | 73,267  |   |  | $ | 70,980  |  
|                                                                    |  |                                  |         |   |      |   |          |      |  |   |         |   |  |      |         |   |  |   |         |  
|Fixed Charges                                                       |  |                                  |         |   |      |   |          |      |  |   |         |   |  |      |         |   |  |   |         |  
|Total interest expense (2)                                          |  | $                                | 97,119  |   |      | $ | 112,097  |      |  | $ | 122,354 |   |  | $    | 109,808 |   |  | $ | 69,202  |  
|Interest included in operating lease rental expense (3)             |  |                                  | 2,574   |   |      |   | 2,258    |      |  |   | 2,651   |   |  |      | 2,527   |   |  |   | 2,494   |  
|Preferred stock dividend (1)                                        |  |                                  | 17,666  |   |      |   | 3,308    |      |  |   |        |   |  |      |        |   |  |   |        |  
|Less: Interest expense on deposits                                  |  |                                  | (69,164 | ) |      |   | (88,279  | )    |  |   | (97,030 | ) |  |      | (87,266 | ) |  |   | (52,010 | )
|                                                                    |  |                                  |         |   |      |   |          |      |  |   |         |   |  |      |         |   |  |   |         |  
|Total Fixed Charges excluding interest on deposits                  |  | $                                | 48,195  |   |      | $ | 29,384   |      |  | $ | 27,975  |   |  | $    | 25,069  |   |  | $ | 19,686  |  
|                                                                    |  |                                  |         |   |      |   |          |      |  |   |         |   |  |      |         |   |  |   |         |  
|Ratio of Earnings to Fixed Charges (excluding interest on deposits) |  |                                  | 0.0     | x |      |   | (3.63    | )x   |  |   | 0.82    | x |  |      | 2.92    | x |  |   | 3.61    | x
|                                                                    |  |                                  |         |   |      |   |          |      |  |   |         |   |  |      |         |   |  |   |         |  



|(1) | The preferred 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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