EXHIBIT 12.1

Computation of Ratio of Earnings to Fixed Charges

(dollars in thousands)



|                                                           |  |                         |        |      |   |        |  |      |        |      |   |        |  |   |       
|---------------------------------------------------------- |  | ----------------------- | ------ | ---- | - | ------ |  | ---- | ------ | ---- | - | ------ |  | - | ------
|                                                           |  | Year Ended December 31,
|                                                           |  | 2008                    |        | 2007 |   | 2006   |  | 2005 |        | 2004
|Including interest on deposits                             |  |                         |        |      |   |        |  |      |        |      |   |        |  |   |       
|Earnings:                                                  |  |                         |        |      |   |        |  |      |        |      |   |        |  |   |       
|Pre-tax income                                             |  | $                       | 6,567  |      | $ | 5,844  |  | $    | 5,608  |      | $ | 5,874  |  | $ | 5,674 
|Add: Fixed charges from below                              |  |                         | 26,420 |      |   | 28,891 |  |      | 23,288 |      |   | 15,474 |  |   | 12,537
|                                                           |  |                         |        |      |   |        |  |      |        |      |   |        |  |   |       
|                                                           |  | $                       | 32,987 |      | $ | 34,735 |  | $    | 28,896 |      | $ | 21,348 |  | $ | 18,211
|                                                           |  |                         |        |      |   |        |  |      |        |      |   |        |  |   |       
|Fixed charges:                                             |  |                         |        |      |   |        |  |      |        |      |   |        |  |   |       
|Total interest expense                                     |  | $                       | 26,420 |      | $ | 28,891 |  | $    | 23,288 |      | $ | 15,474 |  | $ | 12,537
|Preferred stock dividend                                   |  |                         | 56     |      |   |       |  |      |       |      |   |       |  |   |      
|                                                           |  |                         |        |      |   |        |  |      |        |      |   |        |  |   |       
|Including preferred stock dividend                         |  |                         | 26,476 |      |   | 28,891 |  |      | 23,288 |      |   | 15,474 |  |   | 12,537
|Ratio of earnings to fixed charges                         |  |                         | 1.25x  |      |   | 1.20x  |  |      | 1.24x  |      |   | 1.38x  |  |   | 1.45x 
|                                                           |  |                         |        |      |   |        |  |      |        |      |   |        |  |   |       
|Including preferred stock dividend                         |  |                         | 1.25x  |      |   | 1.20x  |  |      | 1.24x  |      |   | 1.38x  |  |   | 1.45x 
|                                                           |  |                         |        |      |   |        |  |      |        |      |   |        |  |   |       
|                                                           |  |                         |        |      |  
|Excluding interest on deposits                             |  |                         |        |      |   |        |  |      |        |      |   |        |  |   |       
|Earnings:                                                  |  |                         |        |      |   |        |  |      |        |      |   |        |  |   |       
|Pre-tax income                                             |  | $                       | 6,567  |      | $ | 5,844  |  | $    | 5,608  |      | $ | 5,874  |  | $ | 5,674 
|Add: Fixed charges from below                              |  |                         | 5,631  |      |   | 6,612  |  |      | 6,383  |      |   | 3,565  |  |   | 2,784 
|                                                           |  |                         |        |      |   |        |  |      |        |      |   |        |  |   |       
|                                                           |  | $                       | 12,198 |      | $ | 12,456 |  | $    | 11,991 |      | $ | 9,439  |  | $ | 8,458 
|                                                           |  |                         |        |      |   |        |  |      |        |      |   |        |  |   |       
|Fixed charges:                                             |  |                         |        |      |   |        |  |      |        |      |   |        |  |   |       
|Total interest expense excluding interest paid on deposits |  | $                       | 5,631  |      | $ | 6,612  |  | $    | 6,383  |      | $ | 3,565  |  | $ | 2,784 
|Preferred stock dividend                                   |  |                         | 56     |      |   |       |  |      |       |      |   |       |  |   |      
|                                                           |  |                         |        |      |   |        |  |      |        |      |   |        |  |   |       
|Including preferred stock dividend                         |  |                         | 5,687  |      |   | 6,612  |  |      | 6,383  |      |   | 3,565  |  |   | 2,784 
|Ratio of earnings to fixed charges                         |  |                         | 2.17x  |      |   | 1.88x  |  |      | 1.88x  |      |   | 2.65x  |  |   | 3.04x 
|                                                           |  |                         |        |      |   |        |  |      |        |      |   |        |  |   |       
|Including preferred stock dividend                         |  |                         | 2.14x  |      |   | 1.88x  |  |      | 1.88x  |      |   | 2.65x  |  |   | 3.04x 
|                                                           |  |                         |        |      |   |        |  |      |        |      |   |        |  |   |