Exhibit 12.1

RATIO OF EARNINGS TO FIXED CHARGES

AND PREFERRED STOCK DIVIDEND REQUIREMENT

	Six Months Ended June 30,				Year Ended December 31,
	2011		2010		2010		2009		2008			2007		2006
Earnings:
1.  Income (loss) before income taxes	$	15,345	$	16,381	$	32,759	$	98,052	$	(8,179	)	$	43,462	$	44,602
2.  Plus interest expense		18,532		25,671		47,850		66,605		73,231			92,466		80,854
3.  Earnings including interest on deposits		33,877		42,052		80,609		164,657		65,052			136,018		125,456
4.  Less interest on deposits		14,147		20,797		38,427		54,087		60,876			76,232		65,733
5.  Earnings excluding interest on deposits	$	19,730	$	21,255	$	42,182	$	110,570	$	4,176		$	59,876	$	59,723
Fixed charges and preferred     stock dividend requirements     (pre-tax):
6.  Including interest on deposits and         capitalized interest	$	20,652	$	28,103	$	52,521	$	71,659	$	73,678		$	92,466	$	80,854
7.  Less interest on deposits (Line 4)		14,147		20,797		38,427		54,087		60,876			76,232		65,733
8.  Excluding interest on deposits	$	6,505	$	7,306	$	14,094	$	17,572	$	12,803		$	16,234	$	15,121
Ratio of earnings to fixed     charges and preferred stock     dividend requirements (pre-tax):
Including interest on deposits     (Line 3 divided by Line 6)		1.64		1.50		1.53		2.30		0.88			1.47		1.55
Excluding interest on deposits     (Line 5 divided by Line 8)		3.03		2.91		2.99		6.29		0.33			3.69		3.95