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, | |||||||||||||||||||||||||||
2013 | 2012 | 2012 | 2011 | 2010 | 2009 | 2008 | ||||||||||||||||||||||
Fixed Charges: | ||||||||||||||||||||||||||||
Interest on deposits | $ | 6,274 | $ | 8,165 | $ | 10,625 | $ | 14,925 | $ | 19,537 | $ | 31,046 | $ | 53,150 | ||||||||||||||
Interest on borrowings | 2,720 | 3,820 | 4,992 | 5,471 | 7,469 | 7,760 | 8,974 | |||||||||||||||||||||
Estimated interest on rental expense | 902 | 641 | 936 | 617 | 526 | 469 | 487 | |||||||||||||||||||||
Fixed charges including interest on deposits (A) | 9,896 | 12,626 | 16,553 | 21,013 | 27,532 | 39,275 | 62,611 | |||||||||||||||||||||
Less: Interest on deposits | 6,274 | 8,165 | 10,625 | 14,925 | 19,537 | 31,046 | 53,150 | |||||||||||||||||||||
Fixed charges excluding interest on deposits (B) | $ | 3,622 | $ | 4,461 | $ | 5,928 | $ | 6,088 | $ | 7,995 | $ | 8,229 | $ | 9,461 | ||||||||||||||
Earnings: | ||||||||||||||||||||||||||||
Pretax income from continuing operations | $ | 18,059 | $ | 28,126 | $ | 40,015 | $ | 35,799 | $ | 54,431 | $ | 35,400 | $ | 38,337 | ||||||||||||||
Fixed charges including interest on deposits | 9,896 | 12,626 | 16,553 | 21,013 | 27,532 | 39,275 | 62,611 | |||||||||||||||||||||
Earnings, including interest on deposits (C) | 27,955 | 40,752 | 56,568 | 56,812 | 81,963 | 74,675 | 100,948 | |||||||||||||||||||||
Less: Interest on deposits | 6,274 | 8,165 | 10,625 | 14,925 | 19,537 | 31,046 | 53,150 | |||||||||||||||||||||
Earnings, excluding interest on deposits (D) | $ | 21,681 | $ | 32,587 | $ | 45,943 | $ | 41,887 | $ | 62,426 | $ | 43,629 | $ | 47,798 | ||||||||||||||
Ratio of earnings to fixed charges: | ||||||||||||||||||||||||||||
Including interest on deposits (C /A) | 2.82 | 3.23 | 3.42 | 2.70 | 2.98 | 1.90 | 1.61 | |||||||||||||||||||||
Excluding interest on deposits (D / B) | 5.99 | 7.31 | 7.75 | 6.88 | 7.81 | 5.30 | 5.05 |