Exhibit 12.1
Home BancShares, Inc.
Computation of Ratios of Earnings to Fixed Charges
Computation of Ratios of Earnings to Fixed Charges
Three Months Ended | ||||||||||||||||||||||||||||
March 31, | Year Ended December 31, | |||||||||||||||||||||||||||
Exhibit | 2010 | 2009 | 2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||||||||||||
(In thousands, except ratio’s) | ||||||||||||||||||||||||||||
Fixed Charges and Preferred Dividends | ||||||||||||||||||||||||||||
Interest expense | 7,566 | 10,621 | 37,391 | 56,552 | 70,776 | 57,949 | 33,985 | |||||||||||||||||||||
Capital debt expense Trust Preferred | 597 | 676 | 2,552 | 3,114 | 3,002 | 2,991 | 2,017 | |||||||||||||||||||||
Estimated interest in rent | 84 | 80 | 318 | 332 | 284 | 261 | 206 | |||||||||||||||||||||
Preferred dividends (E) | 625 | 521 | 2,395 | — | — | 359 | 574 | |||||||||||||||||||||
Combined fixed charges and preferred dividends ( B ) | 8,872 | 11,898 | 42,656 | 59,998 | 74,062 | 61,560 | 36,782 | |||||||||||||||||||||
Less: interest on deposits | 5,295 | 8,118 | 27,442 | 45,593 | 56,232 | 46,213 | 26,883 | |||||||||||||||||||||
Combined fixed charges and preferred dividends excluding interest on deposits ( D ) | 3,577 | 3,780 | 15,214 | 14,405 | 17,830 | 15,347 | 9,899 | |||||||||||||||||||||
Earnings | ||||||||||||||||||||||||||||
Pre-tax income from continuing operations | 22,345 | 9,134 | 38,936 | 12,036 | 28,964 | 23,165 | 16,381 | |||||||||||||||||||||
Fixed charges and preferred dividends | 8,872 | 11,898 | 42,656 | 59,998 | 74,062 | 61,560 | 36,782 | |||||||||||||||||||||
Total earnings ( A ) | 31,217 | 21,032 | 81,592 | 72,034 | 103,026 | 84,725 | 53,163 | |||||||||||||||||||||
Less: interest on deposits | 5,295 | 8,118 | 27,442 | 45,593 | 56,232 | 46,213 | 26,883 | |||||||||||||||||||||
Total earnings excluding interest on deposits ( C ) | 25,922 | 12,914 | 54,150 | 26,441 | 46,794 | 38,512 | 26,280 | |||||||||||||||||||||
Ratio of earnings to fixed charges | ||||||||||||||||||||||||||||
Ratio, including interest on deposits (A/(B-E)) | 3.79 | 1.85 | 2.03 | 1.20 | 1.39 | 1.38 | 1.47 | |||||||||||||||||||||
Ratio, excluding interest on deposits (C/(D-E)) | 8.78 | 3.96 | 4.22 | 1.84 | 2.62 | 2.57 | 2.82 | |||||||||||||||||||||
Ratio of earnings to fixed charges & preferred dividends | ||||||||||||||||||||||||||||
Ratio, including interest on deposits (A/B) | 3.52 | 1.77 | 1.91 | 1.20 | 1.39 | 1.38 | 1.45 | |||||||||||||||||||||
Ratio, excluding interest on deposits (C/D) | 7.25 | 3.42 | 3.56 | 1.84 | 2.62 | 2.51 | 2.65 |