Exhibit 12.1

Ratios of Earnings to Fixed Charges and Preferred Dividends

		Years ended December 31,
		2008		2007		2006		2005		2004
		(Dollars in Thousands)
	Earnings:
1.	Income before income taxes	$	7,409	$	923	$	569	$	8,830	$	9,246
2.	Plus: interest expense		24,095		30,630		28,974		23,296		13,968
3.	Earnings including interest on deposits		31,504		31,553		29,543		32,126		23,214
4.	Less: interest on deposits		13,287		20,835		18,005		11,599		7,415
5.	Earnings excludng interest on deposits	$	18,217	$	10,718	$	11,538	$	20,527	$	15,799
	Fixed Charges:
6.	Interest expense (Line 2)	$	24,095	$	30,630	$	28,974	$	23,296	$	13,968
7.	Less: interest expense on deposits (Line 4)		13,287		20,835		18,005		11,599		7,415
8.	Excluding interest on deposits	$	10,808	$	9,795	$	10,969	$	11,697	$	6,553
	Ratio of Earnings to Fixed Charges:
	Including interest on deposits
	(line 3 divided by Line 6)		1.31		1.03		1.02		1.38		1.66
	Excluding interest on deposits
	(line 5 divided by Line 8)		1.69		1.09		1.05		1.75		2.41