Attached files
| file | filename |
|---|---|
| S-1 - FORM S-1 REGISTRATION STATEMENT - 1st FRANKLIN FINANCIAL CORP | registrationstatementdeb.htm |
| EX-25 - FORM S-1 EXHIBIT 25 - 1st FRANKLIN FINANCIAL CORP | exhibit25t1deb.htm |
| EX-5 - FORM S-1 EXHIBIT 5 - 1st FRANKLIN FINANCIAL CORP | exhibit5opiniondeb.htm |
| EX-23 - FORM S-1 EXHIBIT 23 - 1st FRANKLIN FINANCIAL CORP | exhibit23consentofauditor.htm |
Exhibit 12 |
RATIO OF EARNINGS TO FIXED CHARGES |
| 2010 | 2009 | 2008 | 2007 | 2006 |
| (In thousands, except ratio data) | ||||
Income before income taxes | $ 23,423 | $ 11,050 | $ 13,891 | $ 15,754 | $ 11,023 |
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Interest on indebtedness | 12,439 | 13,682 | 14,728 | 15,746 | 11,994 |
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Portion of rents representative |
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of the interest factor | 1,589 | 1,576 | 1,498 | 1,396 | 1,249 |
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Earnings as adjusted | $ 37,451 | $ 26,308 | $ 30,117 | $ 32,896 | $ 24,266 |
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Fixed charges: |
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Interest on indebtedness | $ 12,439 | $ 13,681 | $ 14,728 | $ 15,746 | $ 11,994 |
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Portion of rents representative |
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of the interest factor | 1,589 | 1,576 | 1,498 | 1,396 | 1,249 |
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Fixed charges | $14,028 | $15,257 | $16,226 | $17,142 | $13,243 |
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Ratio of earnings |
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to fixed charges | 2.67 | 1.72 | 1.86 | 1.92 | 1.83 |
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