EXHIBIT 12

STATEMENTS REGARDING COMPUTATION OF CONSOLIDATED RATIOS OF

EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

APPEARING IN QUARTERLY REPORT ON FORM 10-Q

	For the Three Months Ended
	March 31,
(Dollars in thousands)	2012		2011
Excluding Interest on Deposits:
Earnings:
Income before income taxes	$	9,736	$	2,360
Fixed charges (excluding preferred stock dividends)	1,716		1,914
Total earnings	11,452		4,274
Fixed charges:
Interest expense (excluding deposit interest)	1,633		1,837
Rent expense interest factor (1)	82		77
Preferred stock dividends (2)	—		523
Total fixed charges (excluding deposit interest)	1,715		2,437
Ratio of Earnings to Fixed Charges,
Excluding Interest on Deposits	6.68		1.75
Including Interest on Deposits:
Earnings:
Income before income taxes	$	9,736	$	2,360
Fixed charges (excluding preferred stock dividends)	4,263		5,899
Total earnings	13,999		8,259
Fixed charges:
Interest expense (including deposit interest)	4,180		5,822
Rent expense interest factor (1)	82		77
Preferred stock dividends (2)	—		523
Total fixed charges (including deposit interest)	4,262		6,422
Ratio of Earnings to Fixed Charges,
Including Interest on Deposits	3.28		1.29

(1) Represents one-third of gross rental expense, which management believes is representative of the interest factor.

(2) Represents the dividends accrued on the Series A Preferred Shares during the period.