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COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12.1
The South Financial Group, Inc. and Subsidiaries
($ in thousands)
THREE MONTHS ENDED NINE MONTHS ENDED
SEPTEMBER 30, 2000 SEPTEMBER 30, 2000
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EARNINGS:
Income from continuing operations
before income taxes..................... $ (6,694) (1,020)
ADD:
(a) Fixed charges.......................... 57,443 156,079
DEDUCT:
(a) Interest capitalized during year....... ------ ------
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Earnings, for computation purposes........... $ 50,749 155,059
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FIXED CHARGES:
Interest on indebtedness, expensed or capitalized $ 56,765 153,722
Portion of rents representative of the
interest factor.......................... 638 2,239
Amortization of debt expense................ 39 118
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Fixed charges, for computation purposes....... $ 57,443 156,079
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RATIO OF EARNINGS TO FIXED CHARGES............. 0.88 x 0.99 x x
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