EX-12.1 2 exhibit12_1.htm COMPUTATION OF EARNINGS TO FIXED CHARGES
 
 
 
  
Three Months Ended
      
 
  
March 31, 2013
      
March 31, 2012
      
Ratio of Earnings to Fixed Charges (Including Deposits)
  
     
     
Earnings:
  
     
     
   Income before income taxes
  
$
17,746
      
$
17,319
      
   Add:  Fixed charges, net
    
12,264
        
19,325
      
Income before income taxes and fixed charges, net
    
30,010
        
36,644
      
Fixed charges
                      
   Interest expense
  
$
11,991
      
$
19,075
      
   One-third of rental expense
    
273
        
250
      
   Interest on unrecognized tax benefits
    
-
        
-
      
Total fixed charges
  
$
12,264
      
$
19,325
      
Ratio of Earnings to Fixed Charges
    
2.45
  x
 
    
1.90
  x  
 
 
                      
 
                      
 
                      
 
                      
Ratio of Earnings to Fixed Charges (Excluding Deposits)
                      
Earnings:
                      
   Income before income taxes
  
$
17,746
      
$
17,319
      
   Add:  Fixed charges, net
    
7,063
        
13,599
      
Income before income taxes and fixed charges, net
    
24,809
        
30,918
      
Fixed charges
                      
   Interest expense (excluding deposits)
    
6,790
        
13,349
      
   One-third of rental expense
    
273
        
250
      
   Interest on unrecognized tax benefits
    
-
        
-
      
Total fixed charges
  
$
7,063
      
$
13,599
      
Ratio of Earnings to Fixed Charges
    
3.51
  x
 
    
2.27
  x