Exhibit 12.1

Home BancShares, Inc.

Computation of Ratios of Earnings to Fixed Charges

	Three Months Ended				Six Months Ended
	June 30,				June 30,				Year Ended December 31,
Exhibit	2010		2009		2010		2009		2009		2008		2007		2006		2005
(In thousands, except ratio’s)
Fixed Charges and Preferred Dividends
Interest expense		8,072		9,616		15,638		20,237		37,391		56,552		70,776		57,949		33,985
Capital debt expense Trust Preferred		600		659		1,197		1,335		2,552		3,114		3,002		2,991		2,017
Estimated interest in rent		89		80		173		160		318		332		284		261		206
Preferred dividends (E)		625		625		1,250		1,145		2,395		—		—		359		574
Combined fixed charges and preferred dividends (B)		9,386		10,980		18,258		22,877		42,656		59,998		74,062		61,560		36,782
Less: interest on deposits		5,872		7,131		11,167		15,249		27,442		45,593		56,232		46,213		26,883
Combined fixed charges and preferred dividends excluding interest on deposits (D)		3,514		3,849		7,091		7,628		15,214		14,405		17,830		15,347		9,899
Earnings
Pre-tax income from continuing operations		13,465		7,663		33,354		16,797		38,936		12,036		28,964		23,165		16,381
Fixed charges and preferred dividends		9,386		10,980		18,258		22,877		42,656		59,998		74,062		61,560		36,782
Total earnings (A)		22,851		18,643		51,612		39,674		81,592		72,034		103,026		84,725		53,163
Less: interest on deposits		5,872		7,131		11,167		15,249		27,442		45,593		56,232		46,213		26,883
Total earnings excluding interest on deposits (C)		16,979		11,512		40,445		24,425		54,150		26,441		46,794		38,512		26,280
Ratio of earnings to fixed charges
Ratio, including interest on deposits (A/(B-E))		2.61		1.80		3.03		1.83		2.03		1.20		1.39		1.38		1.47
Ratio, excluding interest on deposits (C/(D-E))		5.88		3.57		6.92		3.77		4.22		1.84		2.62		2.57		2.82
Ratio of earnings to fixed charges & preferred dividends
Ratio, including interest on deposits (A/B)		2.43		1.70		2.83		1.73		1.91		1.20		1.39		1.38		1.45
Ratio, excluding interest on deposits (C/D)		4.83		2.99		5.70		3.20		3.56		1.84		2.62		2.51		2.65