EX-12.1 3 ex12p1.htm EXHIBIT 12.1 ex12p1.htm
Exhibit 12.1
 
 
Farmers Capital Bank Corporation
Computation of Ratio of Earnings to Fixed Charges
(Unaudited
 
       
Nine months
ended
September 30,
    
Twelve months ended December 31,
        
       
2008
    
2007
    
2006
    
2005
    
2004
    
2003
  
                                         
   
Earnings
                                    
  1.  
Pretax income - continuing operations
     2,577       19,914       17,025       18,323       16,063       15,383  
 
2.
  
Fixed charges (includes interest on deposits)
    
42,199
      
56,241
      
41,608
      
24,514
      
16,779
      
17,648
  
 
3.
 
  
  Total earnings including interest on
  deposits
     44,776       76,155       58,633       42,837       32,842       33,031  
  4.  
Interest on deposits
     (29,791 )     (45,157 )     (32,554 )     (19,130 )     (13,381 )     (14,538 )
 
5.
 
  
  Total earnings excluding interest on
  deposits
     14,985       30,998       26,079       23,707       19,461       18,493  
                                                       
                                                       
     
Fixed Charges
                                                
  6.  
Interest expense
     42,051       56,039       41,432       24,409       16,729       17,565  
  7.  
Interest estimate - rental expense
     148       202       176       105       50       83  
 
8.
 
  
  Total fixed charges including interest
  on deposits
     42,199       56,241       41,608       24,514       16,779       17,648  
  9.  
Interest on deposits
     (29,791 )     (45,157 )     (32,554 )     (19,130 )     (13,381 )     (14,538 )
 
10.
 
  
  Total fixed charges excluding interest
  on deposits
     12,408       11,084       9,054       5,384       3,398       3,110  
                                                       
                                                       
     
Ratio of Earnings to Fixed Charges:
                                                
     
  Excluding Interest on Deposits (line 5
  divided by line 10)
     1.2       2.8       2.9       4.4       5.7       5.9  
     
  Including Interest on Deposits (line 3
  divided by line 8)
     1.1       1.4       1.4       1.7       2.0       1.9