Exhibit 12.1
Home BancShares, Inc.
Computation of Ratios of Earnings to Fixed Charges
Year Ended December 31, | ||||||||||||||||||||
Exhibit | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||
(In thousands, except ratio’s) | ||||||||||||||||||||
Fixed Charges and Preferred Dividends | ||||||||||||||||||||
Interest expense | 28,391 | 32,373 | 37,391 | 56,552 | 70,776 | |||||||||||||||
Capital debt expense Trust Preferred | 2,160 | 2,335 | 2,552 | 3,114 | 3,002 | |||||||||||||||
Estimated interest in rent | 426 | 395 | 318 | 332 | 284 | |||||||||||||||
Preferred dividends (E) | 1,285 | 2,500 | 2,395 | — | — | |||||||||||||||
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Combined fixed charges and preferred dividends (B) | 32,262 | 37,603 | 42,656 | 59,998 | 74,062 | |||||||||||||||
Less: interest on deposits | 22,968 | 24,302 | 27,442 | 45,593 | 56,232 | |||||||||||||||
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Combined fixed charges and preferred dividends excluding interest on deposits (D) | 9,294 | 13,301 | 15,214 | 14,405 | 17,830 | |||||||||||||||
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Earnings | ||||||||||||||||||||
Pre-tax income from continuing operations | 84,342 | 23,612 | 38,936 | 12,036 | 28,964 | |||||||||||||||
Fixed charges and preferred dividends | 32,262 | 37,603 | 42,656 | 59,998 | 74,062 | |||||||||||||||
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Total earnings (A) | 116,604 | 61,215 | 81,592 | 72,034 | 103,026 | |||||||||||||||
Less: interest on deposits | 22,968 | 24,302 | 27,442 | 45,593 | 56,232 | |||||||||||||||
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Total earnings excluding interest on deposits (C) | 93,636 | 36,913 | 54,150 | 26,441 | 46,794 | |||||||||||||||
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Ratio of earnings to fixed charges | ||||||||||||||||||||
Ratio, including interest on deposits (A/(B-E)) | 3.76 | 1.74 | 2.03 | 1.20 | 1.39 | |||||||||||||||
Ratio, excluding interest on deposits (C/(D-E)) | 11.69 | 3.42 | 4.22 | 1.84 | 2.62 | |||||||||||||||
Ratio of earnings to fixed charges & preferred dividends | ||||||||||||||||||||
Ratio, including interest on deposits (A/B) | 3.61 | 1.63 | 1.91 | 1.20 | 1.39 | |||||||||||||||
Ratio, excluding interest on deposits (C/D) | 10.07 | 2.78 | 3.56 | 1.84 | 2.62 |