Entegra Financial Corp

Computation of Ratio of Earnings to Fixed Charges

	For the years ended December 31,
(dollars in thousands)	2017			2016			2015			2014			2013			2012
Including Interest on Deposits:
Earnings:
Income before income taxes	$	10,107		$	9,871		$	7,086		$	8,151		$	60		$	(78	)
Fixed charges		7,684			6,032			5,723			6,573			6,988			9,635
Total earnings	$	17,791		$	15,903		$	12,809		$	14,724		$	7,048		$	9,557
Fixed charges:
Interest on deposits	$	4,474		$	3,964		$	4,334		$	5,361		$	5,826		$	7,883
Interest on borrowings		3,210			2,068			1,389			1,212			1,162			1,752
Total fixed charges		7,684			6,032			5,723			6,573			6,988			9,635
Preferred dividend requirements		—			—			—			—			—			—
Total fixed charges and preferred dividends	$	7,684		$	6,032		$	5,723		$	6,573		$	6,988		$	9,635
Ratio of earnings to fixed charges, including interest on deposits		2.32	x		2.64	x		2.24	x		2.24	x		1.01	x		0.99		x
Ratio of earnings to fixed charges and preferred dividends, including interest on deposits		2.32	x		2.64	x		2.24	x		2.24	x		1.01	x		0.99		x
Excluding Interest on Deposits:
Earnings:
Income before income taxes	$	10,107		$	9,871		$	7,086		$	8,151		$	60		$	(78	)
Fixed charges		3,210			2,068			1,389			1,212			1,162			1,752
Total earnings	$	13,317		$	11,939		$	8,475		$	9,363		$	1,222		$	1,674
Fixed charges:
Interest on borrowings	$	3,210		$	2,068		$	1,389		$	1,212		$	1,162		$	1,752
Total fixed charges		3,210			2,068			1,389			1,212			1,162			1,752
Preferred dividend requirements		—			—			—			—			—			—
Total fixed charges and preferred dividends	$	3,210		$	2,068		$	1,389		$	1,212		$	1,162		$	1,752
Ratio of earnings to fixed charges, excluding interest on deposits		4.15	x		5.77	x		6.10	x		7.73	x		1.05	x		0.96		x
Ratio of earnings to fixed charges and preferred dividends, excluding interest on deposits		4.15	x		5.77	x		6.10	x		7.73	x		1.05	x		0.96		x