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, | |||||||||||||||||||||||||||
2014 | 2013 | 2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||||||||
Fixed Charges: | ||||||||||||||||||||||||||||
Interest on deposits | $ | 6,737 | $ | 6,274 | $ | 8,399 | $ | 10,625 | $ | 14,925 | $ | 19,537 | $ | 31,046 | ||||||||||||||
Interest on borrowings | 3,666 | 2,720 | 3,864 | 4,992 | 5,471 | 7,469 | 7,760 | |||||||||||||||||||||
Estimated interest on rental expense | 1,298 | 1,126 | 1,264 | 936 | 617 | 526 | 469 | |||||||||||||||||||||
Fixed charges including interest on deposits (A) | 11,701 | 10,120 | 13,527 | 16,553 | 21,013 | 27,532 | 39,275 | |||||||||||||||||||||
Less: Interest on deposits | 6,737 | 6,274 | 8,399 | 10,625 | 14,925 | 19,537 | 31,046 | |||||||||||||||||||||
Fixed charges excluding interest on deposits (B) | $ | 4,964 | $ | 3,846 | $ | 5,128 | $ | 5,928 | $ | 6,088 | $ | 7,995 | $ | 8,229 | ||||||||||||||
Earnings: | ||||||||||||||||||||||||||||
Pretax income from continuing operations | $ | 31,982 | $ | 27,952 | $ | 32,536 | $ | 40,015 | $ | 35,799 | $ | 54,431 | $ | 35,400 | ||||||||||||||
Fixed charges including interest on deposits | 11,701 | 10,120 | 13,527 | 16,553 | 21,013 | 27,532 | 39,275 | |||||||||||||||||||||
Earnings, including interest on deposits (C) | 43,683 | 38,072 | 46,063 | 56,568 | 56,812 | 81,963 | 74,675 | |||||||||||||||||||||
Less: Interest on deposits | 6,737 | 6,274 | 8,399 | 10,625 | 14,925 | 19,537 | 31,046 | |||||||||||||||||||||
Earnings, excluding interest on deposits (D) | $ | 36,946 | $ | 31,798 | $ | 37,664 | $ | 45,943 | $ | 41,887 | $ | 62,426 | $ | 43,629 | ||||||||||||||
Ratio of earnings to fixed charges: | ||||||||||||||||||||||||||||
Including interest on deposits (C /A) | 3.73 | 3.76 | 3.41 | 3.42 | 2.70 | 2.98 | 1.90 | |||||||||||||||||||||
Excluding interest on deposits (D / B) | 7.44 | 8.27 | 7.35 | 7.75 | 6.88 | 7.81 | 5.30 |