**Exhibit Number 12.1**

 

**EXHIBITS**

 

**GREAT WESTERNBANCORPORATION, INC.**

 

**COMPUTATION OF RATIOOF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS**

 
|                                                                                         |   | **Year Ended  June 30,  2003** |   | **Year Ended  June 30,  2002** | ** ** | **Year Ended  June 30,  2001** | ** ** | **Year Ended  June 30,  2000** | ** ** | **Year Ended  June 30,  1999** | ** ** |
|----------------------------------------------------------------------------------------------|--------|-------------------------------------|--------|-------------------------------------|------------|-------------------------------------|------------|-------------------------------------|------------|-------------------------------------|------------|
| Income before  income taxes and minority interest in net income of subsidiaries              |   | 26,388                              |   | 21,246                              |       | 14,862                              |       | 13,988                              |       | 12,639                              |       |
| Add:                                                                                         |   |                                |   |                                |       |                                |       |                                |       |                                |       |
| Interest  expense, including interest on deposits                                            |   | 48,205                              |   | 60,181                              |       | 51,825                              |       | 31,515                              |       | 25,548                              |       |
| Income as  adjusted                                                                          |   | 74,593                              |   | 81,427                              |       | 66,687                              |       | 45,503                              |       | 38,187                              |       |
|                                                                                         |   |                                |   |                                |       |                                |       |                                |       |                                |       |
| Preferred  dividend requirements                                                             |   | 721                                 |   | 900                                 |       | 152                                 |       | 152                                 |       | 152                                 |       |
| Ratio of  income before provision for income taxes to income before minority interest        |   | 159                                 | %      | 153                                 | %          | 150                                 | %          | 147                                 | %          | 148                                 | %          |
| Preferred  dividend factor on pretax basis                                                   |   | 1,150                               |   | 1,380                               |       | 227                                 |       | 223                                 |       | 225                                 |       |
| Fixed charges  interest expense, including interest on deposits                              |   | 48,205                              |   | 60,181                              |       | 51,825                              |       | 31,515                              |       | 25,548                              |       |
| Fixed charges  and preferred dividends                                                       |   | 49,355                              |   | 61,561                              |       | 52,052                              |       | 31,738                              |       | 25,773                              |       |
|                                                                                         |   |                                |   |                                |       |                                |       |                                |       |                                |       |
| Ratio on  earnings to fixed charges and preferred dividends, including interest on  deposits |   | 1.51                                | x      | 1.32                                | x          | 1.28                                | x          | 1.43                                | x          | 1.48                                | x          |
|                                                                                         |   |                                |   |                                |       |                                |       |                                |       |                                |       |
| Income before  income taxes and minority interest in net income of subsidiaries              |   | 26,388                              |   | 21,246                              |       | 14,862                              |       | 13,988                              |       | 12,639                              |       |
| Add:                                                                                         |   |                                |   |                                |       |                                |       |                                |       |                                |       |
| Interest  expense, excluding interest on deposits                                            |   | 12,412                              |   | 13,561                              |       | 9,520                               |       | 5,699                               |       | 3,544                               |       |
| Income as  adjusted                                                                          |   | 38,800                              |   | 34,807                              |       | 24,382                              |       | 19,687                              |       | 16,183                              |       |
|                                                                                         |   |                                |   |                                |       |                                |       |                                |       |                                |       |
| Preferred  dividend requirements                                                             |   | 721                                 |   | 900                                 |       | 152                                 |       | 152                                 |       | 152                                 |       |
| Ratio of  income before provision for income taxes to income before minority interest        |   | 159                                 | %      | 153                                 | %          | 150                                 | %          | 147                                 | %          | 148                                 | %          |
| Preferred  dividend factor on pretax basis                                                   |   | 1,150                               |   | 1,380                               |       | 227                                 |       | 233                                 |       | 225                                 |       |
| Fixed charges                                                                                |   |                                |   |                                |       |                                |       |                                |       |                                |       |
| Interest  expense, excluding interest on deposits                                            |   | 12,412                              |   | 13,561                              |       | 9,520                               |       | 5,699                               |       | 3,544                               |       |
| Fixed charges  and preferred dividends                                                       |   | 13,562                              |   | 14,941                              |       | 9,747                               |       | 5,922                               |       | 3,769                               |       |
| Ratio on  earnings to fixed charges and preferred dividends, excluding interest on  deposits |   | 2.86                                | x      | 2.33                                | x          | 2.50                                | x          | 3.32                                | x          | 4.29                                | x          |

 

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