Great Southern Bancorp (GSBC) S-3 Shelf registration

EXHIBIT 12.1

Ratio of earnings to fixed charges and ratio of earnings  to combined fixed charges and preferred stock dividends
	Three Months Ended
	March 31,				Year Ended December 31,
	2016		2015		2015		2014		2013		2012		2011
	(Dollars in Thousands)
Earnings:
1. Income (loss) before income taxes	$	13,072	$	15,527	$	62,066	$	57,282	$	41,903	$	65,773	$	37,732
2. Plus interest expense		4,627		3,781		15,997		15,801		19,203		28,377		35,146
3. Earnings including interest on deposits		17,699		19,308		78,063		73,083		61,106		94,150		72,878
4. Less interest on deposits		3,934		3,162		13,511		11,225		12,346		20,720		26,370
5. Earnings excluding interest on deposits	$	13,765	$	16,146	$	64,552	$	61,858	$	48,760	$	73,430	$	46,508
Fixed charges and preferred stock  dividend requirement (pre-tax):
6. Including interest on deposits and capitalized interest	$	4,627	$	3,974	$	16,736	$	16,563	$	19,922	$	29,198	$	40,145
7. Less interest on deposits (Line 4)		3,934		3,162		13,511		11,225		12,346		20,720		26,370
8. Excluding interest on deposits	$	693	$	812	$	3,225	$	5,338	$	7,576	$	8,478	$	13,775
Ratio of earnings to combined fixed charges  and preferred stock dividends (pre-tax):
Including interest on deposits (Line 3 divided by Line 6)		3.83		4.86		4.66		4.41		3.07		3.22		1.82
Excluding interest on deposits (Line 5 divided by Line 8)		19.86		19.88		20.01		11.59		6.44		8.66		3.38
Excluding Preferred Stock Dividends:
Fixed charges EXCLUDING preferred stock  dividend requirement (pre-tax):
6. Including interest on deposits and capitalized interest	$	4,627	$	3,781	$	15,997	$	15,801	$	19,203	$	28,377	$	35,146
7. Less interest on deposits (Line 4)		3,934		3,162		13,511		11,225		12,346		20,720		26,370
8. Excluding interest on deposits	$	693	$	619	$	2,486	$	4,576	$	6,857	$	7,657	$	8,776
Ratio of earnings to fixed charges (pre-tax):
Including interest on deposits (Line 3 divided by Line 6)		3.83		5.11		4.88		4.63		3.18		3.32		2.07
Excluding interest on deposits (Line 5 divided by Line 8)		19.86		26.08		25.97		13.52		7.11		9.59		5.30