<DOCUMENT>
<TYPE>EX-12
<SEQUENCE>9
<FILENAME>dex12.txt
<DESCRIPTION>COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
<TEXT>
<PAGE>
Exhibit 12
Ratios of Earnings to Fixed Charges
<TABLE>
<CAPTION>
Six Months
ended June 30, Years ended December 31,
-------------- ------------------------
2001 2000 2000 1999 1998 1997 1996
---- ---- ---- ---- ---- ---- ----
<S> <C> <C> <C> <C> <C> <C> <C>
Ratio of Earnings to Fixed Charges:
-----------------------------------
Excluding interest on deposits 4.12 X 4.23 X 4.03 X 5.62 X 7.19 X 8.36 X 10.94 X
Including interest on deposits 1.80 X 1.80 X 1.76 X 1.89 X 1.74 X 1.70 X 1.65 X
</TABLE>
(1) The ratio of earnings to fixed charges is calculated by adding income before
income taxes plus fixed charges and dividing that sum by fixed charges.
<TABLE>
<CAPTION>
Six Months Ended
June 30, Years Ended December 31,
------- ------------------------
2001 2000 2000 1999 1998 1997 1996
---- ---- ---- ---- ---- ---- ----
<S> <C> <C> <C> <C> <C> <C> <C>
Income before income taxes $97,491 $97,565 $192,764 $187,075 $155,685 $149,171 $132,398
======= ======= ======== ======== ======== ======== ========
Fixed Charges:
--------------
Interest on deposits $90,500 $92,123 $190,626 $169,701 $184,671 $193,515 $190,179
Interest on short-term
borrowings and long-term debt 30,455 29,552 62,022 39,091 23,860 18,921 11,871
1/3 of net rental expense 831 696 1,598 1,385 1,288 1,337 1,452
--- --- ----- ----- ----- ----- -----
Total fixed charges, including
interest on deposits $121,786 $122,371 $254,246 $210,177 $209,819 $213,773 $203,502
======== ======== ======== ======== ======== ======== ========
Total fixed charges, excluding
interest on deposits $31,286 $30,248 $63,620 $40,476 $25,148 $20,258 $13,324
======= ======= ======= ======= ======= ======= =======
</TABLE>
</TEXT>
</DOCUMENT>