EX-12.1 3 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,
  
   
2013
    
2012
    
2011
    
2010
    
2009
  
 Fixed Charges:
                              
 Interest on deposits
   $ 8,399     $ 10,625     $ 14,925     $ 19,537     $ 31,046  
 Interest on borrowings
     3,864       4,992       5,471       7,469       7,760  
 Estimated interest on rental expense
     1,264       936       617       526       469  
 Fixed charges including interest on deposits (A)
     13,527       16,553       21,013       27,532       39,275  
 Less: Interest on deposits
     8,399       10,625       14,925       19,537       31,046  
 Fixed charges excluding interest on deposits (B)
   $ 5,128     $ 5,928     $ 6,088     $ 7,995     $ 8,229  
                                         
 Earnings:
                                        
 Pretax income from continuing operations
   $ 32,536     $ 40,015     $ 35,799     $ 54,431     $ 35,400  
 Fixed charges including interest on deposits
     13,527       16,553       21,013       27,532       39,275  
 Earnings, including interest on deposits (C)
     46,063       56,568       56,812       81,963       74,675  
 Less: Interest on deposits
     8,399       10,625       14,925       19,537       31,046  
 Earnings, excluding interest on deposits (D)
   $ 37,664     $ 45,943     $ 41,887     $ 62,426     $ 43,629  
                                         
 Ratio of earnings to fixed charges:
                                        
 Including interest on deposits (C /A)
     3.41       3.42       2.70       2.98       1.90  
 Excluding interest on deposits (D / B)
     7.35       7.75       6.88       7.81       5.30