Simmons First National (SFNC) 10-Q 2011 Q2 Quarterly report

Exhibit 12.1

Simmons First National Corporation
Computation of Consolidated Ratios of Earnings to Fixed Charges
	Three Months Ended
	March 31				Year Ended December 31,
	2011		2010		2010		2009		2008		2007		2006
Fixed Charges:
Interest on deposits	$	4,176	$	5,437	$	31,046	$	31,046	$	53,150	$	65,474	$	54,250
Interest on borrowings		1,463		1,737		7,760		7,760		8,974		10,946		10,308
Estimated interest on rental expense		192		119		469		469		487		566		541
Fixed charges including interest on deposits (A)		5,831		7,293		39,275		39,275		62,611		76,986		65,099
Less: Interest on deposits		4,176		5,437		31,046		31,046		53,150		65,474		54,250
Fixed charges excluding interest on deposits (B)	$	1,655	$	1,856	$	8,229	$	8,229	$	9,461	$	11,512	$	10,849
Earnings:
Pretax income from continuing operations	$	6,816	$	6,585	$	35,400	$	35,400	$	38,337	$	39,741	$	39,921
Fixed charges including interest on deposits		5,831		7,293		39,275		39,275		62,611		76,986		65,099
Earnings, including interest on deposits (C)		12,647		13,878		74,675		74,675		100,948		116,727		105,020
Less: Interest on deposits		4,176		5,437		31,046		31,046		53,150		65,474		54,250
Earnings, excluding interest on deposits (D)	$	8,471	$	8,441	$	43,629	$	43,629	$	47,798	$	51,253	$	50,770
Ratio of earnings to fixed charges:
Including interest on deposits (C /A)		2.17		1.90		1.90		1.90		1.61		1.52		1.61
Excluding interest on deposits (D / B)		5.12		4.55		5.30		5.30		5.05		4.45		4.68