EXHIBIT 12.1
BEAR STATE FINANCIAL, INC.
STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
Year Ended December 31, | Three Months Ended | |||||||||||||||||||||||||||||
(dollars in thousands) | 2015 | 2014 | 2013 | 2012 | 2011 | 3/31/2016 | 3/31/2015 | |||||||||||||||||||||||
Fixed charges and preferred dividends | ||||||||||||||||||||||||||||||
Interest expense | $ | 6,364 | $ | 5,138 | $ | 3,392 | $ | 4,422 | $ | 6,682 | $ | 1,864 | $ | 1,528 | ||||||||||||||||
Estimated interest in rent | 216 | 145 | 86 | 89 | 77 | 68 | 50 | |||||||||||||||||||||||
Preferred dividends | E | - | - | - | - | - | - | - | ||||||||||||||||||||||
Combined fixed charges and preferred dividends | B | 6,580 | 5,283 | 3,478 | 4,511 | 6,759 | 1,932 | 1,578 | ||||||||||||||||||||||
Less: interest on deposits | 5,339 | 4,538 | 3,339 | 4,322 | 6,351 | 1,515 | 1,304 | |||||||||||||||||||||||
Combined fixed charges and preferred dividends excluding interest on deposits | D | $ | 1,241 | $ | 745 | $ | 139 | $ | 189 | $ | 408 | $ | 417 | $ | 274 | |||||||||||||||
Earnings | ||||||||||||||||||||||||||||||
Pre-tax income from continuing operations | $ | 15,213 | $ | 3,736 | $ | 740 | $ | 755 | $ | (19,034 | ) | $ | 4,779 | $ | 3,152 | |||||||||||||||
Fixed charges and preferred dividends | 6,580 | 5,283 | 3,478 | 4,511 | 6,759 | 1,932 | 1,578 | |||||||||||||||||||||||
Total earnings | A | 21,793 | 9,019 | 4,218 | 5,266 | (12,275 | ) | 6,711 | 4,730 | |||||||||||||||||||||
Less: interest on deposits | 5,339 | 4,538 | 3,339 | 4,322 | 6,351 | 1,515 | 1,304 | |||||||||||||||||||||||
Total earnings excluding interest on deposits | C | $ | 16,454 | $ | 4,481 | $ | 879 | $ | 944 | $ | (18,626 | ) | $ | 5,196 | $ | 3,426 | ||||||||||||||
Ratio of earnings to fixed charges | ||||||||||||||||||||||||||||||
Ratio, including interest on deposits | (A/(B-E)) | 3.31 | 1.71 | 1.21 | 1.17 | * | 3.47 | 3.00 | ||||||||||||||||||||||
Ratio, excluding interest on deposits | (C/(D-E)) | 13.26 | 6.01 | 6.32 | 4.99 | * | 12.46 | 12.50 | ||||||||||||||||||||||
Ratio of earnings to fixed charges and preferred dividends | ||||||||||||||||||||||||||||||
Ratio, including interest on deposits | A/B | 3.31 | 1.71 | 1.21 | 1.17 | * | 3.47 | 3.00 | ||||||||||||||||||||||
Ratio, excluding interest on deposits | C/D | 13.26 | 6.01 | 6.32 | 4.99 | * | 12.46 | 12.50 | ||||||||||||||||||||||
* Due to a loss in 2011, earnings were insufficient to cover fixed charges by $19 million.
