Exhibit 12.1
Home BancShares, Inc.
Ratio of Fixed Charges
For the Periods Ended
Ratio of Fixed Charges
For the Periods Ended
Nine Months Ended | ||||||||||||||||||||||||||||
September 30, | Year Ended December 31, | |||||||||||||||||||||||||||
Exhibit | 2009 | 2008 | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||||
(In thousands, except ratio’s) | ||||||||||||||||||||||||||||
Fixed Charges and Preferred Dividends | ||||||||||||||||||||||||||||
Interest expense | 29,233 | 44,283 | 56,552 | 70,776 | 57,949 | 33,985 | 10,012 | |||||||||||||||||||||
Capital debt expense Trust Preferred | 1,958 | 2,314 | 3,114 | 3,002 | 2,991 | 2,017 | 1,568 | |||||||||||||||||||||
Estimated interest in rent | 242 | 248 | 332 | 284 | 261 | 206 | 113 | |||||||||||||||||||||
Preferred dividends (E) | 1,771 | — | — | — | 359 | 574 | 529 | |||||||||||||||||||||
Combined fixed charges and preferred dividends ( B ) | 33,204 | 46,845 | 59,998 | 74,062 | 61,560 | 36,782 | 12,222 | |||||||||||||||||||||
Less: interest on deposits | 21,738 | 35,893 | 45,593 | 56,232 | 46,213 | 26,883 | 7,606 | |||||||||||||||||||||
Combined fixed charges and preferred dvidends excluding interest on deposits ( D ) | 11,466 | 10,952 | 14,405 | 17,830 | 15,347 | 9,899 | 4,616 | |||||||||||||||||||||
Earnings | ||||||||||||||||||||||||||||
Pre-tax income from continuing operations | 27,448 | 28,802 | 12,036 | 28,964 | 23,165 | 16,381 | 14,771 | |||||||||||||||||||||
Fixed charges and preferred dividends | 33,204 | 46,845 | 59,998 | 74,062 | 61,560 | 36,782 | 12,222 | |||||||||||||||||||||
Total earnings ( A ) | 60,652 | 75,647 | 72,034 | 103,026 | 84,725 | 53,163 | 26,993 | |||||||||||||||||||||
Less: interest on deposits | 21,738 | 35,893 | 45,593 | 56,232 | 46,213 | 26,883 | 7,606 | |||||||||||||||||||||
Total earnings excluding interest on deposits ( C ) | 38,914 | 39,754 | 26,441 | 46,794 | 38,512 | 26,280 | 19,387 | |||||||||||||||||||||
Ratio of earnings to fixed charges | ||||||||||||||||||||||||||||
Ratio, including interest on deposits (A/(B-E)) | 1.93 | 1.61 | 1.20 | 1.39 | 1.38 | 1.47 | 2.31 | |||||||||||||||||||||
Ratio, excluding interest on deposits (C/(D-E)) | 4.01 | 3.63 | 1.84 | 2.62 | 2.57 | 2.82 | 4.74 | |||||||||||||||||||||
Ratio of earnings to fixed charges & preferred dividends | ||||||||||||||||||||||||||||
Ratio, including interest on deposits (A/B) | 1.83 | 1.61 | 1.20 | 1.39 | 1.38 | 1.45 | 2.21 | |||||||||||||||||||||
Ratio, excluding interest on deposits (C/D) | 3.39 | 3.63 | 1.84 | 2.62 | 2.51 | 2.65 | 4.20 |