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Exhibit 12.1

CALCULATION OF CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES

	Year Ended December 31,
(Dollars in thousands)	2011		2010			2009			2008		2007
Earnings:
Income (Loss) before income taxes	$	10,537	$	(61,623	)	$	(24,694	)	$	375	$	22,233
Fixed Charges:
Interest on deposits		3,942		8,086			13,462			20,035		24,211
Interest on notes payable to subsidiary grantor trust, repurchase agreements, and other borrowings		1,933		2,426			2,864			4,409		2,801
Rent expense interest factor(1)		922		909			853			905		881
Total fixed charges:
Including interest on deposits	$	6,797	$	11,421		$	17,179		$	25,349	$	27,893
Excluding interest on deposits	$	2,855	$	3,335		$	3,717		$	5,314	$	3,682
Ratio of earnings to fixed charges:
Excluding interest on deposits		4.69		(17.48	)		(5.64	)		1.07		7.04
Including interest on deposits		2.55		(4.40	)		(0.44	)		1.01		1.80

(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 for the year ended December 31, 2011 was $10,537,000, both excluding and including interest on deposits.

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

	Year Ended December 31,
(Dollars in thousands)	2011		2010			2009			2008		2007
Earnings:
Income (Loss) before income taxes	$	10,537	$	(61,623	)	$	(24,694	)	$	375	$	22,233
Fixed Charges:
Interest on deposits		3,942		8,086			13,462			20,035		24,211
Interest on notes payable to subsidiary grantor trust, repurchase agreements, and other borrowings		1,933		2,426			2,864			4,409		2,801
Preferred stock dividends		1,939		2,027			2,028			222		—
Rent expense interest factor(1)		922		909			853			905		881
Total fixed charges:
Including interest on deposits	$	8,736	$	13,448		$	19,207		$	25,571	$	27,893
Excluding interest on deposits	$	4,794	$	5,362		$	5,745		$	5,536	$	3,682
Ratio of earnings to fixed charges and preferred stock dividends:
Excluding interest on deposits		3.20		(10.49	)		(3.30	)		1.07		7.04
Including interest on deposits		2.21		(3.58	)		(0.29	)		1.01		1.80

(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 for the year ended December 31, 2011 was $10,537,000 both excluding and including interest on deposits.

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Exhibit 12.1