Exhibit 12.1

RATIO OF EARNINGS TO FIXED CHARGES

	Nine Months Ended September 30,			Year Ended December 31,
	2008			2007		2006		2005		2004		2003
	(Dollars in thousands)
Earnings:
1. Income before income taxes	$	(13,347	)	$	43,642	$	44,602	$	31,734	$	39,074	$	30,151
2. Plus interest expense		54,687			92,466		80,854		56,097		37,233		31,729
3. Earnings including interest on deposits		41,340			136,108		125,456		87,831		76,307		61,880
4. Less interest on deposits		45,471			76,232		65,733		42,269		28,952		25,147
5. Earnings excluding interest on deposits	$	(4,131	)	$	59,876	$	59,723	$	45,562	$	47,355	$	36,733
Fixed Charges:
6. Including interest on deposits and      capitalized interest	$	54,687		$	92,466	$	80,854	$	56,097	$	37,233	$	31,729
7. Less interest on deposits (Line 4)		45,471			76,232		65,733		42,269		28,952		25,147
8. Excluding interest on deposits	$	9,216		$	16,234	$	15,121	$	13,828	$	8,281	$	6,582
Ratio of earnings to fixed charges:
Including interest on deposits       (Line 3 divided by Line 6)		0.76x			1.47x		1.55x		1.57x		2.05x		1.95x
Excluding interest on deposits       (Line 5 divided by Line 8)		---(1	)		3.69x		3.95x		3.29x		5.72x		5.58x

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(1)  The earnings coverage ratio was inadequate to cover the fixed charges.  The coverage deficiency for the period was $4.1 million.