----

|                                                                              |   |                             Year Ended December 31, |   |
|-----------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                              |   |            2007                                                                                                                          |   |   |            2006 |   |   |            2005 |   |
|                                                                              |   | (Dollars in      thousands)                                                                                                                                       |   |
|                                                                              |   |                                                                                                                                                              |   |   |   |   |   |   |   |
| Pretax      income                                                                |   | $                                                                                                                                                                 | 17,323 |   |   | $ | 37,760 |   |   | $ | 29,622 |   |
| Add      fixed charges:                                                           |   |                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |
| Interest      on deposits                                                         |   |                                                                                                                                                              | 33,381 |   |   |   | 29,741 |   |   |   | 13,864 |   |
| Interest      on borrowings                                                       |   |                                                                                                                                                              | 5,009  |   |   |   | 4,624 |   |   |   | 3,521 |   |
| Portion      of rental expense representing interest expense                      |   |                                                                                                                                                              | 66     |   |   |   | 62 |   |   |   | 61 |   |
| Total      fixed charges                                                          |   |                                                                                                                                                              | 38,456 |   |   |   | 34,427 |   |   |   | 17,446 |   |
|                                                                              |   |                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |
| Income      before fixed charges                                                  |   | $                                                                                                                                                                 | 55,779 |   |   | $ | 72,187 |   |   | $ | 47,068 |   |
|                                                                              |   |                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |
| Pretax      income                                                                |   | $                                                                                                                                                                 | 17,323 |   |   | $ | 37,760 |   |   | $ | 29,622 |   |
| Add      fixed charges (excluding interest on deposits):                          |   |                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |
| Interest      on borrowings                                                       |   |                                                                                                                                                              | 5,009  |   |   |   | 4,624 |   |   |   | 3,521 |   |
| Portion      of rental expense representing interest expense                      |   |                                                                                                                                                              | 66     |   |   |   | 62 |   |   |   | 61 |   |
| Total      fixed charges                                                          |   |                                                                                                                                                              | 5,075  |   |   |   | 4,686 |   |   |   | 3,582 |   |
|                                                                              |   |                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |
| Income      before fixed charges (excluding interest      on  deposits) |   | $                                                                                                                                                                 | 22,398 |   |   | $ | 42,446 |   |   | $ | 33,204 |   |
|                                                                              |   |                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |
| Ratio      of Earnings to Fixed Charges                                           |   |                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |
| Including      interest on deposits                                               |   |                                                                                                                                                              | 1.45   |   |   |   | 2.10 |   |   |   | 2.70 |   |
| Excluding      interest on deposits                                               |   |                                                                                                                                                              | 4.41   |   |   |   | 9.06 |   |   |   | 9.27 |   |