Ratio of Earnings to Fixed Charges (in thousands):
<TABLE>
<CAPTION>
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Three Months Ended Six Months Ended
June 30, June 30,
2000 1999 2000 1999
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<S> <C> <C> <C> <C>
1. Income before taxes $28,560 $35,423 $55,675 $46,637
2. Fixed charges:
a. Interest expense $67,399 $ 54,666 $131,149 $110,613
b. Interest component of rent expense 699 699 1,470 1,369
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c. Total fixed charges (line 2a.+ line 2b.) 68,098 55,365 132,620 111,982
d. Interest on deposits 48,653 42,892 94,918 86,881
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e. Fixed charges excluding interest on
deposits (line 2c.-line 2d.) $19,445 $12,473 $37,702 $25,101
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3. Income before taxes plus fixed charges:
a. Including interest on deposits $ 96,658 $ 90,788 $188,295 $158,619
(line 1.+ line 2c.)
b. Excluding interest on deposits 48,004 47,896 93,377 71,738
(line 1.+ line 2e.)
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4. Ratio of earnings to fixed charges:
a. Including interest on deposits 1.42x 1.64x 1.42x 1.42x
(line 3a. divided by line 2c.)
b. Excluding interest on deposits 2.47x 3.84x 2.48x 2.86x
(line 3b. divided by line 2e.)
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</TABLE>
