Great Southern Bancorp (GSBC) 10-K 2013 FY Annual report

Exhibit 12

RATIO OF EARNINGS TO FIXED CHARGES

AND PREFERRED STOCK DIVIDEND REQUIREMENT

	For Year Ended December 31,
	2013		2012		2011		2010		2009
	(Dollars In Thousands)
Earnings:
1. Income (loss) before income taxes	$	37,132	$	61,816	$	35,782	$	32,759	$	98,052
2. Plus interest expense		19,203		28,377		35,146		47,850		66,605
3. Earnings including interest on deposits		56,335		90,193		70,928		80,609		164,657
4. Less interest on deposits		12,346		20,720		26,370		38,427		54,087
5. Earnings excluding interest on deposits	$	43,989	$	69,473	$	44,558	$	42,182	$	110,570
Fixed charges and preferred stock dividend requirements (pre-tax):
6. Including interest on deposits and capitalized interest	$	19,840	$	29,149	$	39,886	$	52,521	$	71,659
7. Less interest on deposits (Line 4)		12,346		20,720		26,370		38,427		54,087
8. Excluding interest on deposits	$	7,494	$	8,429	$	13,516	$	14,094	$	17,572
Ratio of earnings to fixed charges and preferred stock dividend requirements (pre-tax):
Including interest on deposits (Line 3 divided by Line 6)		2.84		3.09		1.78		1.53		2.30
Excluding interest on deposits (Line 5 divided by Line 8)		5.87		8.24		3.30		2.99		6.29