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 |