Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES



|                                                                              |  |                         |         |      |   |         |  |      |         |      |   |         |  |   |        
|----------------------------------------------------------------------------- |  | ----------------------- | ------- | ---- | - | ------- |  | ---- | ------- | ---- | - | ------- |  | - | -------
|                                                                              |  | Year Ended December 31,
|(Dollars in Thousands)                                                        |  | 2004                    |         | 2003 |   | 2002    |  | 2001 |         | 2000
|Income before income taxes                                                    |  | $                       | 113,384 |      | $ | 110,416 |  | $    | 47,313  |      | $ | 53,428  |  | $ | 31,036 
|                                                                              |  |                         |         |      |  
|Fixed charges:                                                                |  |                         |         |      |   |         |  |      |         |      |   |         |  |   |        
|                                                                              |  |                         |         |      |  
|Interest Expense                                                              |  |                         | 264,122 |      |   | 212,898 |  |      | 199,166 |      |   | 198,356 |  |   | 198,846
|Estimated interest component of net rental payments                           |  |                         | 3,774   |      |   | 3,151   |  |      | 2,741   |      |   | 2,264   |  |   | 1,951  
|                                                                              |  |                         |         |      |  
|Fixed charges including interest on deposits                                  |  |                         | 267,896 |      |   | 216,050 |  |      | 201,907 |      |   | 200,619 |  |   | 200,797
|                                                                              |  |                         |         |      |  
|Less: Interest on deposits                                                    |  |                         | 101,549 |      |   | 89,379  |  |      | 86,052  |      |   | 88,854  |  |   | 80,654 
|                                                                              |  |                         |         |      |  
|Total fixed charges excluding interest on deposits                            |  |                         | 166,347 |      |   | 126,670 |  |      | 115,854 |      |   | 111,765 |  |   | 120,143
|                                                                              |  |                         |         |      |  
|Income before income taxes and fixed charges (including interest on deposits) |  |                         | 381,281 |      |   | 326,465 |  |      | 249,220 |      |   | 254,047 |  |   | 231,833
|                                                                              |  |                         |         |      |  
|Income before income taxes and fixed charges (excluding interest on deposits) |  |                         | 279,731 |      |   | 237,086 |  |      | 163,167 |      |   | 165,193 |  |   | 151,179
|                                                                              |  |                         |         |      |  
|Ratio of earnings to fixed charges:                                           |  |                         |         |      |   |         |  |      |         |      |   |         |  |   |        
|Including interest on deposits                                                |  |                         | 1.42    |      |   | 1.51    |  |      | 1.23    |      |   | 1.27    |  |   | 1.15   
|Excluding interest on deposits                                                |  |                         | 1.68    |      |   | 1.87    |  |      | 1.41    |      |   | 1.48    |  |   | 1.26