EX-12.1 2 exhibit121.htm EXHIBIT 12.1 Exhibit 12.1


Exhibit 12.1

First Security Group Inc., and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges and
Ratio of Earnings to Fixed Charges and Preferred Dividends

 
Year Ended December 31,
Excluding interest on deposits
2014
 
2013
 
2012
 
2011
 
2010
 
(dollar amounts in thousands)
 
 
 
 
 
 
 
 
 
 
Income (loss) before income tax provision
$
2,943

 
$
(12,972
)
 
$
(36,799
)
 
$
(22,669
)
 
$
(34,663
)
Fixed charges
90

 
70

 
396

 
444

 
481

Earnings
$
3,033

 
$
(12,902
)

$
(36,403
)

$
(22,225
)

$
(34,182
)
 
 
 
 
 
 
 
 
 
 
Fixed charges
$
90

 
$
70

 
$
396

 
$
444

 
$
481

Preferred dividend requirements
—

 
1,381

 
2,078

 
2,053

 
2,029

Fixed charges and dividend requirements
$
90

 
$
1,451


$
2,474


2,497


$
2,510

 

 







Ratio of earnings to fixed charges
33.70
 
nm1

nm1

nm1

nm1
Ratio of earnings to fixed charges and preferred dividends
33.70
 
nm1
 
nm1
 
nm1
 
nm1
 
 
 
 
 
 
 
 
 
 
nm1 - Not meaningful, earnings were insufficient to cover fixed charges.



 
Year Ended December 31,
Including interest on deposits
2014
 
2013
 
2012
 
2011
 
2010
 
(dollar amounts in thousands)
 
 
 
 
 
 
 
 
 
 
Income (loss) before income tax provision
$
2,943

 
$
(12,972
)
 
$
(36,799
)
 
$
(22,669
)
 
$
(34,663
)
Fixed charges
4,990

 
8,544

 
12,730

 
15,005

 
20,235

Earnings
$
7,933

 
$
(4,428
)

$
(24,069
)

$
(7,664
)

$
(14,428
)
 
 
 
 
 
 
 
 
 
 
Fixed charges
$
4,990

 
$
8,544

 
$
12,730

 
$
15,005

 
$
20,235

Preferred dividend requirements
—

 
1,381

 
2,078

 
2,053

 
2,029

Fixed charges and dividend requirements
$
4,990

 
$
9,925

 
$
14,808

 
$
17,058

 
$
22,264

 

 







Ratio of earnings to fixed charges
1.59
 
nm1
 
nm1
 
nm1
 
nm1
Ratio of earnings to fixed charges and preferred dividends
1.59
 
nm1
 
nm1
 
nm1
 
nm1
 
 
 
 
 
 
 
 
 
 
nm1 - Not meaningful, earnings were insufficient to cover fixed charges.