Exhibit 12.1
Home BancShares, Inc.
Computation of Ratios of Earnings to Fixed Charges
Computation of Ratios of Earnings to Fixed Charges
Year Ended December 31, | ||||||||||||||||||||
Exhibit | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||
(In thousands, except ratio’s) | ||||||||||||||||||||
Fixed Charges and Preferred Dividends | ||||||||||||||||||||
Interest expense | 32,373 | 37,391 | 56,552 | 70,776 | 57,949 | |||||||||||||||
Capital debt expense Trust Preferred | 2,335 | 2,552 | 3,114 | 3,002 | 2,991 | |||||||||||||||
Estimated interest in rent | 395 | 318 | 332 | 284 | 261 | |||||||||||||||
Preferred dividends (E) | 2,500 | 2,395 | — | — | 359 | |||||||||||||||
Combined fixed charges and preferred dividends (B) | 37,603 | 42,656 | 59,998 | 74,062 | 61,560 | |||||||||||||||
Less: interest on deposits | 24,302 | 27,442 | 45,593 | 56,232 | 46,213 | |||||||||||||||
Combined fixed charges and preferred dvidends excluding interest on deposits (D) | 13,301 | 15,214 | 14,405 | 17,830 | 15,347 | |||||||||||||||
Earnings | ||||||||||||||||||||
Pre-tax income from continuing operations | 23,612 | 38,936 | 12,036 | 28,964 | 23,165 | |||||||||||||||
Fixed charges and preferred dividends | 37,603 | 42,656 | 59,998 | 74,062 | 61,560 | |||||||||||||||
Total earnings (A) | 61,215 | 81,592 | 72,034 | 103,026 | 84,725 | |||||||||||||||
Less: interest on deposits | 24,302 | 27,442 | 45,593 | 56,232 | 46,213 | |||||||||||||||
Total earnings excluding interest on deposits (C) | 36,913 | 54,150 | 26,441 | 46,794 | 38,512 | |||||||||||||||
Ratio of earnings to fixed charges | ||||||||||||||||||||
Ratio, including interest on deposits (A/(B-E)) | 1.74 | 2.03 | 1.20 | 1.39 | 1.38 | |||||||||||||||
Ratio, excluding interest on deposits (C/(D-E)) | 3.42 | 4.22 | 1.84 | 2.62 | 2.57 | |||||||||||||||
Ratio of earnings to fixed charges & preferred dividends | ||||||||||||||||||||
Ratio, including interest on deposits (A/B) | 1.63 | 1.91 | 1.20 | 1.39 | 1.38 | |||||||||||||||
Ratio, excluding interest on deposits (C/D) | 2.78 | 3.56 | 1.84 | 2.62 | 2.51 |