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Exhibit 12.1

CALCULATION OF CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES

	Six Months Ended June 30,						Year Ended December 31,
(Dollars in thousands)	2010			2009			2009			2008		2007		2006		2005
Earnings:
(Loss) income before income taxes	$	(64,087	)	$	(18,501	)	$	(24,694	)	$	375	$	22,233	$	26,507	$	21,726
Fixed Charges:
Interest on deposits		4,521			7,424			13,462			20,035		24,211		19,588		12,849
Interest on notes payable to subsidiary grantor trusts, repurchase agreements, and other borrowings		1,241			1,592			2,864			4,409		2,801		2,937		3,058
Rent expense interest factor(1)		416			404			853			905		881		792		801
Total fixed charges:
Including interest on deposits	$	6,178		$	9,420		$	17,179		$	25,349	$	27,893	$	23,317	$	16,708
Excluding interest on deposits	$	1,657		$	1,996		$	3,717		$	5,314	$	3,682	$	3,729	$	3,859
Ratio of earnings (loss) to fixed charges:
Excluding interest on deposits		(37.68	)		(8.27	)		(5.64	)		1.07		7.04		8.11		6.63
Including interest on deposits		(9.37	)		(0.96	)		(0.44	)		1.01		1.80		2.14		2.30

(1)

This amount is the portion of rent expense (generally one-third) deemed representative of the interest factor.

        For purposes of calculating the ratios of earnings to fixed charges and preferred stock dividends, earnings consist of income (loss) before income taxes and fixed charges. Fixed charges consist of interest on subordinated debt, repurchase agreements and other borrowings, the proportion deemed representative of the interest factor within rent expense. These ratios are presented both including and excluding interest on deposits.

        The earnings coverage deficiency for the six months ended June 30, 2010 was $64,087,000, both excluding and including interest on deposits.

CALCULATION OF CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

	Six Months Ended June 30,						Year Ended December 31,
(Dollars in thousands)	2010			2009			2009			2008		2007		2006		2005
Earnings:
(Loss) income before income taxes	$	(64,087	)	$	(18,501	)	$	(24,694	)	$	375	$	22,233	$	26,507	$	21,726
Fixed Charges:
Interest on deposits		4,521			7,424			13,462			20,035		24,211		19,588		12,849
Interest on notes payable to subsidiary grantor trusts, repurchase agreements, and other borrowings		1,241			1,592			2,864			4,409		2,801		2,937		3,058
Preferred stock dividends		1,006			1,006			2,028			222		—		—		—
Rent expense interest factor(1)		416			404			853			905		881		792		801
Total fixed charges:
Including interest on deposits	$	7,184		$	10,426		$	19,207		$	25,571	$	27,893	$	23,317	$	16,708
Excluding interest on deposits	$	2,663		$	3,002		$	5,745		$	5,536	$	3,682	$	3,729	$	3,859
Ratio of earnings (loss) to fixed charges and preferred stock dividends:
Excluding interest on deposits		(23.07	)		(5.16	)		(3.30	)		1.07		7.04		8.11		6.63
Including interest on deposits		(7.92	)		(0.77	)		(0.29	)		1.01		1.80		2.14		2.30

(1)

This amount is the portion of rent expense (generally one-third) deemed representative of the interest factor.

        For purposes of calculating the ratios of earnings to fixed charges and preferred stock dividends, earnings consist of income (loss) before income taxes and fixed charges. Fixed charges consist of interest on subordinated debt, repurchase agreements and other borrowings, the proportion deemed representative of the interest factor within rent expense, and preferred stock dividends. These ratios are presented both including and excluding interest on deposits.

        The earnings coverage deficiency for the six months ended June 30, 2010 was $64,087,000, both excluding and including interest on deposits.

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Exhibit 12.1

CALCULATION OF CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
CALCULATION OF CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS