EX-12.1 2 exh_121.htm EXHIBIT 12.1 exh_121.htm
Exhibit 12.1
 
Simmons First National Corporation
  
Computation of Consolidated Ratios of Earnings to Fixed Charges
  
                               
                               
                               
   
Year Ended December 31,
  
   
2012
    
2011
    
2010
    
2009
    
2008
  
 Fixed Charges:
                              
 Interest on deposits
   $ 10,625     $ 14,925     $ 19,537     $ 31,046     $ 53,150  
 Interest on borrowings
     4,992       5,471       7,469       7,760       8,974  
 Estimated interest on rental expense
     936       617       526       469       487  
 Fixed charges including interest on deposits (A)
     16,553       21,013       27,532       39,275       62,611  
 Less: Interest on deposits
     10,625       14,925       19,537       31,046       53,150  
 Fixed charges excluding interest on deposits (B)
   $ 5,928     $ 6,088     $ 7,995     $ 8,229     $ 9,461  
                                         
 Earnings:
                                        
 Pretax income from continuing operations
   $ 40,015     $ 35,799     $ 54,431     $ 35,400     $ 38,337  
 Fixed charges including interest on deposits
     16,553       21,013       27,532       39,275       62,611  
 Earnings, including interest on deposits (C)
     56,568       56,812       81,963       74,675       100,948  
 Less: Interest on deposits
     10,625       14,925       19,537       31,046       53,150  
 Earnings, excluding interest on deposits (D)
   $ 45,943     $ 41,887     $ 62,426     $ 43,629     $ 47,798  
                                         
 Ratio of earnings to fixed charges:
                                        
 Including interest on deposits (C /A)
     3.42       2.70       2.98       1.90       1.61  
 Excluding interest on deposits (D / B)
     7.75       6.88       7.81       5.30       5.05