Simmons First National (SFNC) 10-Q 2012 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,
	2012		2011		2011		2010		2009		2008		2007
Fixed Charges:
Interest on deposits	$	8,165	$	11,569	$	14,925	$	19,537	$	31,046	$	53,150	$	65,474
Interest on borrowings		3,820		4,143		5,471		7,469		7,760		8,974		10,946
Estimated interest on rental expense		641		497		617		526		469		487		566
Fixed charges including interest on deposits (A)		12,626		16,209		21,013		27,532		39,275		62,611		76,986
Less: Interest on deposits		8,165		11,569		14,925		19,537		31,046		53,150		65,474
Fixed charges excluding interest on deposits (B)	$	4,461	$	4,640	$	6,088	$	7,995	$	8,229	$	9,461	$	11,512
Earnings:
Pretax income from continuing operations	$	28,126	$	26,936	$	35,799	$	54,431	$	35,400	$	38,337	$	39,741
Fixed charges including interest on deposits		12,626		16,209		21,013		27,532		39,275		62,611		76,986
Earnings, including interest on deposits (C)		40,752		43,145		56,812		81,963		74,675		100,948		116,727
Less: Interest on deposits		8,165		11,569		14,925		19,537		31,046		53,150		65,474
Earnings, excluding interest on deposits (D)	$	32,587	$	31,576	$	41,887	$	62,426	$	43,629	$	47,798	$	51,253
Ratio of earnings to fixed charges:
Including interest on deposits (C /A)		3.23		2.66		2.70		2.98		1.90		1.61		1.52
Excluding interest on deposits (D / B)		7.31		6.81		6.88		7.81		5.30		5.05		4.45