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EXHIBIT 12(b)
D&N CAPITAL CORPORATION
Computation of ratio of earnings to fixed charges
and preferred stock dividend requirements
For the Nine Months Ended September 30, 2000
(In thousands, except ratio)
Net income $ 2,873
Fixed charges:
Advisory fees 94
Total fixed charges 94
Earnings before fixed charges $ 2,967
Fixed charges, as above 94
Preferred stock dividend requirement 2,042
Fixed charges including preferred stock dividends $ 2,136
Ratio of earnings to fixed charges and preferred
stock dividends requirements 1.39
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