Exhibit 12.1
Computation of Consolidated Ratios of Earning to Combined Fixed Charges
| Nine Months Ended September 30, |
Years Ended December 31, | |||||||||||||||||||||||||||
| 2008 | 2007 | 2007 | 2006 | 2005 | 2004 | 2003 | ||||||||||||||||||||||
| Ratio of earnings to fixed charges including interest on deposits: |
||||||||||||||||||||||||||||
| Income before income taxes |
$ | 4,461 | $ | 4,587 | $ | 6,065 | $ | 6,512 | $ | 6,203 | $ | 5,774 | $ | 5,868 | ||||||||||||||
| Fixed charges |
11,234 | 11,406 | 15,372 | 12,764 | 9,581 | 8,019 | 8,443 | |||||||||||||||||||||
| $ | 15,695 | $ | 15,993 | $ | 21,437 | $ | 19,276 | $ | 15,784 | $ | 13,793 | $ | 14,311 | |||||||||||||||
| Fixed charges: |
||||||||||||||||||||||||||||
| Interest Expense |
$ | 11,210 | $ | 11,385 | $ | 15,339 | $ | 12,732 | $ | 9,557 | $ | 8,005 | $ | 8,434 | ||||||||||||||
| Interest factor in rent expense |
24 | 21 | 33 | 32 | 24 | 14 | 9 | |||||||||||||||||||||
| $ | 11,234 | $ | 11,406 | $ | 15,372 | $ | 12,764 | $ | 9,581 | $ | 8,019 | $ | 8,443 | |||||||||||||||
| Ratio of earnings to fixed charges |
1.40 | 1.40 | 1.39 | 1.51 | 1.65 | 1.72 | 1.70 | |||||||||||||||||||||
| Nine Months Ended September 30, |
Years Ended December 31, | |||||||||||||||||||||||||||
| 2008 | 2007 | 2007 | 2006 | 2005 | 2004 | 2003 | ||||||||||||||||||||||
| Ratio of earnings to fixed charges excluding interest on deposits: |
||||||||||||||||||||||||||||
| Income before income taxes |
$ | 4,461 | $ | 4,587 | $ | 6,065 | $ | 6,512 | $ | 6,203 | $ | 5,774 | $ | 5,868 | ||||||||||||||
| Fixed charges |
2,611 | 2,835 | 3,942 | 3,896 | 3,060 | 2,395 | 2,326 | |||||||||||||||||||||
| $ | 7,072 | $ | 7,422 | $ | 10,007 | $ | 10,408 | $ | 9,263 | $ | 8,169 | $ | 8,194 | |||||||||||||||
| Fixed charges: |
||||||||||||||||||||||||||||
| Interest Expense |
$ | 11,210 | $ | 11,385 | $ | 15,339 | $ | 12,732 | $ | 9,557 | $ | 8,005 | $ | 8,434 | ||||||||||||||
| Interest factor in rent expense |
24 | 21 | 33 | 32 | 24 | 14 | 9 | |||||||||||||||||||||
| Less interest on deposits |
(8,623 | ) | (8,571 | ) | (11,430 | ) | (8,868 | ) | (6,521 | ) | (5,624 | ) | (6,117 | ) | ||||||||||||||
| $ | 2,611 | $ | 2,835 | $ | 3,942 | $ | 3,896 | $ | 3,060 | $ | 2,395 | $ | 2,326 | |||||||||||||||
| Ratio of earnings to fixed charges |
2.71 | 2.62 | 2.54 | 2.67 | 3.03 | 3.41 | 3.52 | |||||||||||||||||||||