Simmons First National (SFNC) 10-Q 2009 Q3 Quarterly report

Exhibit 12.1

Simmons First National Corporation
Computation of Consolidated Ratios of Earnings to Fixed Charges
	Nine Months Ended
	September 30,				Year Ended December 31,
	2009		2008		2008		2007		2006		2005		2004
Fixed Charges:
Interest on deposits	$	24,537	$	41,700	$	53,150	$	65,474	$	54,250	$	34,208	$	23,163
Interest on borrowings		5,854		6,843		8,974		10,946		10,308		8,606		7,265
Estimated interest on rental expense		351		365		487		566		541		525		490
Fixed charges including interest on deposits (A)		30,742		48,908		62,611		76,986		65,099		43,339		30,918
Less: Interest on deposits		24,537		41,700		53,150		65,474		54,250		34,208		23,163
Fixed charges excluding interest on deposits (B)	$	6,205	$	7,208	$	9,461	$	11,512	$	10,849	$	9,131	$	7,755
Earnings:
Pretax income from continuing operations	$	25,821	$	30,562	$	38,337	$	39,741	$	39,921	$	39,465	$	35,929
Fixed charges including interest on deposits		30,742		48,908		62,611		76,986		65,099		43,339		30,918
Earnings, including interest on deposits (C)		56,563		79,470		100,948		116,727		105,020		82,804		66,847
Less: Interest on deposits		24,537		41,700		53,150		65,474		54,250		34,208		23,163
Earnings, excluding interest on deposits (D)	$	32,026	$	37,770	$	47,798	$	51,253	$	50,770	$	48,596	$	43,684
Ratio of earnings to fixed charges:
Including interest on deposits (C /A)		1.84		1.62		1.61		1.52		1.61		1.91		2.16
Excluding interest on deposits (D / B)		5.16		5.24		5.05		4.45		4.68		5.32		5.63