Exhibit 12.2

Computation of Ratio of Earnings to Fixed Charges and Preferred Distributions

Twin Cities Power Holdings, LLC and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges and Preferred Distributions

	For the Years Ended December 31,
	2014		2013		2012		2011
Earnings
Income (loss) before income taxes	$	3,779,184	$	2,140,139	$	1,986,735	$	11,680,200
+ Fixed Charges		3,120,994		2,252,414		1,739,280		3,188,517
= Earnings	$	6,900,178	$	4,392,553	$	3,726,015	$	14,868,717
Fixed Charges
Interest expense	$	2,293,376	$	1,501,935	$	1,065,414	$	3,027,621
+ Approximation of interest in rental expense (1)		147,731		150,023		165,605		160,896
+ Amortization of deferred financing costs (2)		130,815		51,420		5,011		–
+ Distributions - preferred (3)		549,072		549,036		503,250		–
= Fixed Charges	$	3,120,994	$	2,252,414	$	1,739,280	$	3,188,517
Ratio of Earnings to Fixed Charges and Preferred Distributions		2.21x		1.95x		2.14x		4.66x
1 - "Approximation of interest in rental expense" is equal to one-third of total operating lease rental expense as reported in the notes to the consolidated financial statements, with the remaining two-thirds considered to be depreciation. Total operating lease expense is as follows:
Total lease expense	$	443,193	$	450,069	$	496,816	$	482,689
2 - As reported in the notes to the consolidated financial statements
3 - As reported in on the consolidated statements of cash flows