Exhibit 12.1

Computation of Ratio of Earnings to Fixed Charges and

Ratio of Earnings to Fixed Charges and Preferred Stock Dividends

	Six Months Ended June 30,		Year Ended December 31,
(dollars in thousands)	2016		2015		2014		2013		2012			2011
Earnings
Income (loss) before income taxes	$	11,172	$	24,361	$	15,897	$	11,843	$	(72	)	$	(6,498	)
Plus:
Total fixed charges (see below)	4,774		12,198		16,447		14,638		22,370			27,786
Less:
Preferred stock dividends (1)	—		3,122		5,463		852		6,635			6,313
Total earnings	15,946		33,437		26,881		25,629		15,663			14,975

Fixed Charges
Total interest expense (2)	4,774		9,076		10,984		13,786		15,735			21,473
Interest included in operating lease rental expense	—		—		—		—		—			—
Preferred stock dividends (1)	—		3,122		5,463		852		6,635			6,313
Total fixed charges	4,774		12,198		16,447		14,638		22,370			27,786

Ratio of earnings to fixed charges and preferred stock dividends	3.34		2.74		1.63		1.75		0.70			0.54
Ratio of earnings to fixed charges	3.34		3.68		2.45		1.86		1.00			0.70

Earnings
Income (loss) before income taxes	11,172		24,361		15,897		11,843		(72		)	(6,498		)
Plus:
Total fixed charges excluding interest on deposits (see below)	2,699		8,263		11,209		7,005		12,499			11,729
Less:
Preferred stock dividends (1)	—		3,122		5,463		852		6,635			6,313
Total earnings (loss)	13,871		29,502		21,643		17,996		5,792			(1,082		)

Fixed Charges
Total interest expense (2)	4,774		9,076		10,984		13,786		15,735			21,473
Interest included in operating lease rental expense	—		—		—		—		—			—
Preferred stock dividends (1)	—		3,122		5,463		852		6,635			6,313
Less:
Interest expense on deposits	2,075		3,935		5,238		7,633		9,871			16,057
Total fixed charges excluding interest on deposits	2,699		8,263		11,209		7,005		12,499			11,729

Ratio of earnings (loss) to fixed charges and preferred stock dividends (excluding interest on deposits)	5.14		3.57		1.93		2.57		0.46			(0.09		)
Ratio of earnings (loss) to fixed charges (excluding interest on deposits)	5.14		5.74		3.77		2.92		0.99			(0.20		)

(1) The preferred stock dividends amount has been grossed up to compute the pre-tax income equivalent assuming an estimated 40% tax rate.

(2) Interest expense includes interest expense on deposits and other debt and amortization of debt issuance costs.