Exhibit 12.1



Computation of Ratio of Earnings to Fixed Charges



|                                                               |  |                                  |         |   |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|-------------------------------------------------------------- |  | -------------------------------- | ------- | - | ---- | - | ------- | ---- |  | - | ------- | - |  | ---- | ------- | - |  | - | ------- | -
|                                                               |  | For the Years Ended December 31, |        
|                                                               |  | 2004                             |         |   | 2003 |   |         | 2002 |  |   | 2001    |   |  | 2000 |        
|INCLUDING INTEREST ON DEPOSITS                                 |  |                                  |         |   |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|Earnings                                                       |  |                                  |         |   |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|Income (loss) before income taxes                              |  | $                                | 33,771  |   |      | $ | 27,315  |      |  | $ | (29,740 | ) |  | $    | 27,159  |   |  | $ | 18,558  |  
|Plus:                                                          |  |                                  |         |   |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|Total Fixed Charges (See below)                                |  |                                  | 46,528  |   |      |   | 47,140  |      |  |   | 51,374  |   |  |      | 81,639  |   |  |   | 95,840  |  
|Less:                                                          |  |                                  |         |   |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|Preferred stock dividend (1)                                   |  |                                  | (2,885  | ) |      |   | (5,297  | )    |  |   | (5,295  | ) |  |      | (5,297  | ) |  |   | (5,297  | )
|                                                               |  |                                  |         |   |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|Total Earnings                                                 |  | $                                | 77,414  |   |      | $ | 69,158  |      |  | $ | 16,339  |   |  | $    | 103,501 |   |  | $ | 109,101 |  
|                                                               |  |                                  |         |   |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|                                                               |  |                                  |         |   |     
|Fixed Charges                                                  |  |                                  |         |   |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|Total interest expense (2)                                     |  | $                                | 41,152  |   |      | $ | 40,154  |      |  | $ | 44,680  |   |  | $    | 74,816  |   |  | $ | 89,200  |  
|Interest included in operating lease rentalexpense (3)         |  |                                  | 2,491   |   |      |   | 1,689   |      |  |   | 1,399   |   |  |      | 1,526   |   |  |   | 1,343   |  
|Preferred stock dividend (1)                                   |  |                                  | 2,885   |   |      |   | 5,297   |      |  |   | 5,295   |   |  |      | 5,297   |   |  |   | 5,297   |  
|                                                               |  |                                  |         |   |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|Total Fixed Charges                                            |  | $                                | 46,528  |   |      | $ | 47,140  |      |  | $ | 51,374  |   |  | $    | 81,639  |   |  | $ | 95,840  |  
|                                                               |  |                                  |         |   |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|Ratio of Earnings to Fixed Charges                             |  |                                  | 1.66x   |   |      |   | 1.47x   |      |  |   | 0.32x   |   |  |      | 1.27x   |   |  |   | 1.14x   |  
|                                                               |  |                                  |         |   |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|                                                               |  |                                  |         |   |     
|EXCLUDING INTEREST ON DEPOSITS                                 |  |                                  |         |   |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|Earnings                                                       |  |                                  |         |   |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|Income (loss) before income taxes                              |  | $                                | 33,771  |   |      | $ | 27,315  |      |  | $ | (29,740 | ) |  | $    | 27,159  |   |  | $ | 18,558  |  
|Plus:                                                          |  |                                  |         |   |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|Total Fixed Charges excluding interest on deposits (See below) |  |                                  | 18,139  |   |      |   | 18,744  |      |  |   | 16,089  |   |  |      | 22,464  |   |  |   | 27,231  |  
|Less:                                                          |  |                                  |         |   |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|Preferred stock dividend (1)                                   |  |                                  | (2,885  | ) |      |   | (5,297  | )    |  |   | (5,295  | ) |  |      | (5,297  | ) |  |   | (5,297  | )
|                                                               |  |                                  |         |   |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|Total Earnings                                                 |  | $                                | 49,025  |   |      | $ | 40,762  |      |  | $ | (18,946 | ) |  | $    | 44,326  |   |  | $ | 40,492  |  
|                                                               |  |                                  |         |   |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|                                                               |  |                                  |         |   |     
|Fixed Charges                                                  |  |                                  |         |   |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|Total interest expense (2)                                     |  | $                                | 41,152  |   |      | $ | 40,154  |      |  | $ | 44,680  |   |  | $    | 74,816  |   |  | $ | 89,200  |  
|Interest included in operating lease rentalexpense (3)         |  |                                  | 2,491   |   |      |   | 1,689   |      |  |   | 1,399   |   |  |      | 1,526   |   |  |   | 1,343   |  
|Preferred stock dividend (1)                                   |  |                                  | 2,885   |   |      |   | 5,297   |      |  |   | 5,295   |   |  |      | 5,297   |   |  |   | 5,297   |  
|Less: interest expense on deposits                             |  |                                  | (28,389 | ) |      |   | (28,396 | )    |  |   | (35,285 | ) |  |      | (59,175 | ) |  |   | (68,609 | )
|                                                               |  |                                  |         |   |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|Total Fixed Charges excluding interest on deposits             |  | $                                | 18,139  |   |      | $ | 18,744  |      |  | $ | 16,089  |   |  | $    | 22,464  |   |  | $ | 27,231  |  
|                                                               |  |                                  |         |   |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|Ratio of Earnings to Fixed Charges                             |  |                                  | 2.70x   |   |      |   | 2.17x   |      |  |   | (1.18)x |   |  |      | 1.97x   |   |  |   | 1.49x   |  
|                                                               |  |                                  |         |   |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  

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|(1) | The stock dividend amount has been grossed up to compute the pretax 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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