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Exhibit 12.1

CALCULATION OF CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES

	Year Ended December 31,
(Dollars in thousands)	2012		2011		2010			2009			2008
Earnings:
Income (Loss) before income taxes	$	14,203	$	10,537	$	(61,623	)	$	(24,694	)	$	375
Fixed Charges:
Interest on deposits		2,800		3,942		8,086			13,462			20,035
Interest on notes payable to subsidiary grantor trust, repurchase agreements, and other borrowings		1,387		1,933		2,426			2,864			4,409
Rent expense interest factor(1)		912		922		909			853			905
Total fixed charges:
Including interest on deposits	$	5,099	$	6,797	$	11,421		$	17,179		$	25,349
Excluding interest on deposits	$	2,299	$	2,855	$	3,335		$	3,717		$	5,314
Ratio of earnings to fixed charges:
Excluding interest on deposits		7.18		4.69		(17.48	)		(5.64	)		1.07
Including interest on deposits		3.79		2.55		(4.40	)		(0.44	)		1.01

(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, 2012 was $14,203,000, 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)	2012		2011		2010			2009			2008
Earnings:
Income (Loss) before income taxes	$	14,203	$	10,537	$	(61,623	)	$	(24,694	)	$	375
Fixed Charges:
Interest on deposits		2,800		3,942		8,086			13,462			20,035
Interest on notes payable to subsidiary grantor trust, repurchase agreements, and other borrowings		1,387		1,933		2,426			2,864			4,409
Preferred stock dividends		373		1,939		2,027			2,028			222
Rent expense interest factor(1)		912		922		909			853			905
Total fixed charges:
Including interest on deposits	$	5,472	$	8,736	$	13,448		$	19,207		$	25,571
Excluding interest on deposits	$	2,672	$	4,794	$	5,362		$	5,745		$	5,536
Ratio of earnings to fixed charges and preferred stock dividends:
Excluding interest on deposits		6.32		3.20		(10.49	)		(3.30	)		1.07
Including interest on deposits		3.60		2.21		(3.58	)		(0.29	)		1.01

(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, 2012 was $14,203,000 both excluding and including interest on deposits.

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Exhibit 12.1