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 | Nine Months Ended | |||||||||||||||||||||||||||||||||||
September 30, | September 30, | Year Ended December 31, | ||||||||||||||||||||||||||||||||||
Exhibit | 2010 | 2009 | 2010 | 2009 | 2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||||||||||||||||||
(In thousands, except ratio’s) | ||||||||||||||||||||||||||||||||||||
Fixed Charges and Preferred Dividends | ||||||||||||||||||||||||||||||||||||
Interest expense | 8,310 | 8,996 | 23,948 | 29,233 | 37,391 | 56,552 | 70,776 | 57,949 | 33,985 | |||||||||||||||||||||||||||
Capital debt expense Trust Preferred | 599 | 623 | 1,796 | 1,958 | 2,552 | 3,114 | 3,002 | 2,991 | 2,017 | |||||||||||||||||||||||||||
Estimated interest in rent | 98 | 81 | 271 | 242 | 318 | 332 | 284 | 261 | 206 | |||||||||||||||||||||||||||
Preferred dividends (E) | 625 | 625 | 1,875 | 1,770 | 2,395 | — | — | 359 | 574 | |||||||||||||||||||||||||||
Combined fixed charges and preferred dividends ( B ) | 9,632 | 10,325 | 27,890 | 33,203 | 42,656 | 59,998 | 74,062 | 61,560 | 36,782 | |||||||||||||||||||||||||||
Less: interest on deposits | 6,319 | 6,489 | 17,486 | 21,738 | 27,442 | 45,593 | 56,232 | 46,213 | 26,883 | |||||||||||||||||||||||||||
Combined fixed charges and preferred dvidends excluding interest on deposits ( D ) | 3,313 | 3,836 | 10,404 | 11,465 | 15,214 | 14,405 | 17,830 | 15,347 | 9,899 | |||||||||||||||||||||||||||
Earnings | ||||||||||||||||||||||||||||||||||||
Pre-tax income from continuing operations | 14,166 | 10,651 | 47,520 | 27,448 | 38,936 | 12,036 | 28,964 | 23,165 | 16,381 | |||||||||||||||||||||||||||
Fixed charges and preferred dividends | 9,632 | 10,325 | 27,890 | 33,203 | 42,656 | 59,998 | 74,062 | 61,560 | 36,782 | |||||||||||||||||||||||||||
Total earnings ( A ) | 23,798 | 20,976 | 75,410 | 60,651 | 81,592 | 72,034 | 103,026 | 84,725 | 53,163 | |||||||||||||||||||||||||||
Less: interest on deposits | 6,319 | 6,489 | 17,486 | 21,738 | 27,442 | 45,593 | 56,232 | 46,213 | 26,883 | |||||||||||||||||||||||||||
Total earnings excluding interest on deposits ( C ) | 17,479 | 14,487 | 57,924 | 38,913 | 54,150 | 26,441 | 46,794 | 38,512 | 26,280 | |||||||||||||||||||||||||||
Ratio of earnings to fixed charges | ||||||||||||||||||||||||||||||||||||
Ratio, including interest on deposits (A/(B-E)) | 2.64 | 2.16 | 2.90 | 1.93 | 2.03 | 1.20 | 1.39 | 1.38 | 1.47 | |||||||||||||||||||||||||||
Ratio, excluding interest on deposits (C/(D-E)) | 6.50 | 4.51 | 6.79 | 4.01 | 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) | 2.47 | 2.03 | 2.70 | 1.83 | 1.91 | 1.20 | 1.39 | 1.38 | 1.45 | |||||||||||||||||||||||||||
Ratio, excluding interest on deposits (C/D) | 5.28 | 3.78 | 5.57 | 3.39 | 3.56 | 1.84 | 2.62 | 2.51 | 2.65 |