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, | |||||||||||||||||||||||||||
2012 | 2011 | 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||||||||
Fixed Charges: | ||||||||||||||||||||||||||||
Interest on deposits | $ | 2,965 | $ | 4,176 | $ | 14,925 | $ | 19,537 | $ | 31,046 | $ | 53,150 | $ | 65,474 | ||||||||||||||
Interest on borrowings | 1,305 | 1,463 | 5,471 | 7,469 | 7,760 | 8,974 | 10,946 | |||||||||||||||||||||
Estimated interest on rental expense | 161 | 192 | 617 | 526 | 469 | 487 | 566 | |||||||||||||||||||||
Fixed charges including interest on deposits (A) | 4,431 | 5,831 | 21,013 | 27,532 | 39,275 | 62,611 | 76,986 | |||||||||||||||||||||
Less: Interest on deposits | 2,965 | 4,176 | 14,925 | 19,537 | 31,046 | 53,150 | 65,474 | |||||||||||||||||||||
Fixed charges excluding interest on deposits (B) | $ | 1,466 | $ | 1,655 | $ | 6,088 | $ | 7,995 | $ | 8,229 | $ | 9,461 | $ | 11,512 | ||||||||||||||
Earnings: | ||||||||||||||||||||||||||||
Pretax income from continuing operations | $ | 9,033 | $ | 6,816 | $ | 35,799 | $ | 54,431 | $ | 35,400 | $ | 38,337 | $ | 39,741 | ||||||||||||||
Fixed charges including interest on deposits | 4,431 | 5,831 | 21,013 | 27,532 | 39,275 | 62,611 | 76,986 | |||||||||||||||||||||
Earnings, including interest on deposits (C) | 13,464 | 12,647 | 56,812 | 81,963 | 74,675 | 100,948 | 116,727 | |||||||||||||||||||||
Less: Interest on deposits | 2,965 | 4,176 | 14,925 | 19,537 | 31,046 | 53,150 | 65,474 | |||||||||||||||||||||
Earnings, excluding interest on deposits (D) | $ | 10,499 | $ | 8,471 | $ | 41,887 | $ | 62,426 | $ | 43,629 | $ | 47,798 | $ | 51,253 | ||||||||||||||
Ratio of earnings to fixed charges: | ||||||||||||||||||||||||||||
Including interest on deposits (C /A) | 3.04 | 2.17 | 2.70 | 2.98 | 1.90 | 1.61 | 1.52 | |||||||||||||||||||||
Excluding interest on deposits (D / B) | 7.16 | 5.12 | 6.88 | 7.81 | 5.30 | 5.05 | 4.45 |