Exhibit 12.3

Ratio of Earning to Fixed Charges and Preferred Dividends



|                                                                     |  |                          |          |   |      |   |         |  |      |         |      |   |         |  |   |        
|-------------------------------------------------------------------- |  | ------------------------ | -------- | - | ---- | - | ------- |  | ---- | ------- | ---- | - | ------- |  | - | -------
|                                                                     |  | Years Ended December 31,
|                                                                     |  | 2008                     |          |   | 2007 |   | 2006    |  | 2005 |         | 2004
|                                                                     |  | (Dollars in thousands)  
|EXCLUDING INTEREST ON DEPOSITS:                                      |  |                          |          |   |      |   |         |  |      |         |      |   |         |  |   |        
|                                                                     |  |                          |          |   |     
|Pre-tax income                                                       |  | $                        | (411,432 | ) |      | $ | 138,213 |  | $    | 108,176 |      | $ | 90,623  |  | $ | 84,095 
|Preferred stock dividend                                             |  |                          | (1,208   | ) |      |   | 0       |  |      | 0       |      |   | 0       |  |   | 0      
|                                                                     |  |                          |          |   |      |   |         |  |      |         |      |   |         |  |   |        
|Pre-tax income available to common shareholders                      |  |                          | (412,640 | ) |      |   | 138,213 |  |      | 108,176 |      |   | 90,623  |  |   | 84,095 
|Fixed charges                                                        |  |                          | 129,282  |   |      |   | 140,816 |  |      | 105,838 |      |   | 81,930  |  |   | 71,479 
|                                                                     |  |                          |          |   |      |   |         |  |      |         |      |   |         |  |   |        
|Earnings                                                             |  | $                        | (283,358 | ) |      | $ | 279,029 |  | $    | 214,014 |      | $ | 172,553 |  | $ | 155,574
|                                                                     |  |                          |          |   |      |   |         |  |      |         |      |   |         |  |   |        
|                                                                     |  |                          |          |   |     
|Interest expense-short term borrowings                               |  | $                        | 20,820   |   |      | $ | 29,956  |  | $    | 35,979  |      | $ | 35,255  |  | $ | 23,787 
|Interest expense-long term borrowings                                |  |                          | 100,353  |   |      |   | 104,048 |  |      | 65,691  |      |   | 44,031  |  |   | 45,675 
|Preferred stock dividend                                             |  |                          | 1,208    |   |      |   | 0       |  |      | 0       |      |   | 0       |  |   | 0      
|Portion of long-term leases representative of the interest factor(1) |  |                          | 6,901    |   |      |   | 6,812   |  |      | 4,168   |      |   | 2,644   |  |   | 2,017  
|                                                                     |  |                          |          |   |      |   |         |  |      |         |      |   |         |  |   |        
|Fixed charges                                                        |  | $                        | 129,282  |   |      | $ | 140,816 |  | $    | 105,838 |      | $ | 81,930  |  | $ | 71,479 
|                                                                     |  |                          |          |   |      |   |         |  |      |         |      |   |         |  |   |        
|                                                                     |  |                          |          |   |     
|Earnings to fixed charges, excluding interest on deposits            |  | $                        | (2.19    | ) |      | $ | 1.98    |  | $    | 2.02    |      | $ | 2.11    |  | $ | 2.18   
|                                                                     |  |                          |          |   |      |   |         |  |      |         |      |   |         |  |   |        
|                                                                     |  |                          |          |   |     
|INCLUDING INTEREST ON DEPOSITS:                                      |  |                          |          |   |      |   |         |  |      |         |      |   |         |  |   |        
|                                                                     |  |                          |          |   |     
|Pre-tax income                                                       |  | $                        | (411,432 | ) |      | $ | 138,213 |  | $    | 108,176 |      | $ | 90,623  |  | $ | 84,095 
|Preferred stock dividend                                             |  |                          | (1,208   | ) |      |   | 0       |  |      | 0       |      |   | 0       |  |   | 0      
|                                                                     |  |                          |          |   |      |   |         |  |      |         |      |   |         |  |   |        
|Pre-tax income available to common shareholders                      |  |                          | (412,640 | ) |      |   | 138,213 |  |      | 108,176 |      |   | 90,623  |  |   | 84,095 
|Fixed charges                                                        |  |                          | 363,619  |   |      |   | 418,430 |  |      | 291,111 |      |   | 173,920 |  |   | 124,962
|                                                                     |  |                          |          |   |      |   |         |  |      |         |      |   |         |  |   |        
|Earnings                                                             |  | $                        | (49,021  | ) |      | $ | 556,643 |  | $    | 399,287 |      | $ | 264,543 |  | $ | 209,057
|                                                                     |  |                          |          |   |      |   |         |  |      |         |      |   |         |  |   |        
|                                                                     |  |                          |          |   |     
|Interest expense-short term borrowings                               |  | $                        | 255,157  |   |      | $ | 307,570 |  | $    | 221,252 |      | $ | 127,245 |  | $ | 77,270 
|Interest expense-long term borrowings                                |  |                          | 100,353  |   |      |   | 104,048 |  |      | 65,691  |      |   | 44,031  |  |   | 45,675 
|Preferred stock dividend                                             |  |                          | 1,208    |   |      |   | 0       |  |      | 0       |      |   | 0       |  |   | 0      
|Portion of long-term leases representative of the interest factor(1) |  |                          | 6,901    |   |      |   | 6,812   |  |      | 4,168   |      |   | 2,644   |  |   | 2,017  
|                                                                     |  |                          |          |   |      |   |         |  |      |         |      |   |         |  |   |        
|Fixed charges                                                        |  | $                        | 363,619  |   |      | $ | 418,430 |  | $    | 291,111 |      | $ | 173,920 |  | $ | 124,962
|                                                                     |  |                          |          |   |      |   |         |  |      |         |      |   |         |  |   |        
|                                                                     |  |                          |          |   |     
|Earnings to fixed charges, including interest on deposits            |  | $                        | (0.13    | ) |      | $ | 1.33    |  | $    | 1.37    |      | $ | 1.52    |  | $ | 1.67   
|                                                                     |  |                          |          |   |      |   |         |  |      |         |      |   |         |  |   |        

(1) The interest factor on long-term operating leases represented a reasonable approximation of the
appropriate portion of operating lease expense considered to be representative of interest.