Exhibit 12.1
Home BancShares, Inc.
Computation of Ratios of Earnings to Fixed Charges and Preferred Share Dividends
Six Months Ended | ||||||||||||||||||||||||||||
June 30, | Year Ended December 31, | |||||||||||||||||||||||||||
Exhibit | 2009 | 2008 | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||||
(In thousands, except ratios) | ||||||||||||||||||||||||||||
Fixed Charges and Preferred Dividends | ||||||||||||||||||||||||||||
Interest expense | $ | 20,237 | $ | 30,819 | $ | 56,552 | $ | 70,776 | $ | 57,949 | $ | 33,985 | $ | 10,012 | ||||||||||||||
Capital debt expense Trust Preferred | 1,335 | 1,545 | 3,114 | 3,002 | 2,991 | 2,017 | 1,568 | |||||||||||||||||||||
Estimated interest in rent | 160 | 163 | 332 | 284 | 261 | 206 | 113 | |||||||||||||||||||||
Preferred dividends (E) | 1,146 | — | — | — | 359 | 574 | 529 | |||||||||||||||||||||
Combined fixed charges and preferred dividends (B) | 22,878 | 32,527 | 59,998 | 74,062 | 61,560 | 36,782 | 12,222 | |||||||||||||||||||||
Less: interest on deposits | 15,249 | 25,141 | 45,593 | 56,232 | 46,213 | 26,883 | 7,606 | |||||||||||||||||||||
Combined fixed charges and preferred dividends excluding interest on deposits (D) | $ | 7,629 | $ | 7,386 | $ | 14,405 | $ | 17,830 | $ | 15,347 | $ | 9,899 | $ | 4,616 | ||||||||||||||
Earnings | ||||||||||||||||||||||||||||
Pre-tax income from continuing operations | $ | 16,797 | $ | 19,080 | $ | 12,036 | $ | 28,964 | $ | 23,165 | $ | 16,381 | $ | 14,771 | ||||||||||||||
Fixed charges and preferred dividends | 22,878 | 32,527 | 59,998 | 74,062 | 61,560 | 36,782 | 12,222 | |||||||||||||||||||||
Total earnings (A) | 39,675 | 51,607 | 72,034 | 103,026 | 84,725 | 53,163 | 26,993 | |||||||||||||||||||||
Less: interest on deposits | 15,249 | 25,141 | 45,593 | 56,232 | 46,213 | 26,883 | 7,606 | |||||||||||||||||||||
Total earnings excluding interest on deposits (C) | $ | 24,426 | $ | 26,466 | $ | 26,441 | $ | 46,794 | $ | 38,512 | $ | 26,280 | $ | 19,387 | ||||||||||||||
Ratio of earnings to fixed charges & preferred dividends | ||||||||||||||||||||||||||||
Ratio, including interest on deposits (A/(B-E)) | 1.83x | 1.59x | 1.20x | 1.39x | 1.38x | 1.47x | 2.31x | |||||||||||||||||||||
Ratio, excluding interest on deposits (C/(D-E)) | 3.77x | 3.58x | 1.84x | 2.62x | 2.57x | 2.82x | 4.74x | |||||||||||||||||||||
Ratio of earnings to fixed charges & preferred dividends | ||||||||||||||||||||||||||||
Ratio, including interest on deposits (A/B) | 1.73x | 1.59x | 1.20x | 1.39x | 1.38x | 1.45x | 2.21x | |||||||||||||||||||||
Ratio, excluding interest on deposits (C/D) | 3.20x | 3.58x | 1.84x | 2.62x | 2.51x | 2.65x | 4.20x |