Attached files
| file | filename |
|---|---|
| S-1/A - FARMERS CAPITAL BANK CORP | farmers_s1.htm |
| EX-1.1 - FARMERS CAPITAL BANK CORP | ex1p1.htm |
| EX-23.2 - FARMERS CAPITAL BANK CORP | ex23p2.htm |
| EX-21.1 - FARMERS CAPITAL BANK CORP | ex21p1.htm |
Exhibit 12.1
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Farmers Capital Bank Corporation
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Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
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(Unaudited)
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| Three months ended March 31, |
Twelve months ended December 31,
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| (Dollars in thousands) | 2012 |
2011
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2010
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2009
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2008
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2007
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| Earnings | ||||||||||||||||||||||||
| 1. |
Pretax income - continuing operations
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3,665 | 2,091 | 8,969 | (53,895 | ) | 3,181 | 19,914 | ||||||||||||||||
| 2. |
Fixed charges (includes interest on deposits)
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5,763 | 26,267 | 37,579 | 48,836 | 55,327 | 56,241 | |||||||||||||||||
| 3. |
Preferred dividends (at 1- effective tax rate)
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(529 | ) | (1,448 | ) | (2,420 | ) | (1,540 | ) | 0 | 0 | |||||||||||||
| 4. |
Total earnings including interest on deposits
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8,898 | 26,910 | 44,128 | (6,599 | ) | 58,508 | 76,155 | ||||||||||||||||
| 5. |
Interest on deposits
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(2,811 | ) | (14,488 | ) | (22,373 | ) | (33,197 | ) | (39,045 | ) | (45,157 | ) | |||||||||||
| 6. |
Total earnings excluding interest on deposits
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6,087 | 12,422 | 21,755 | (39,796 | ) | 19,463 | 30,998 | ||||||||||||||||
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Fixed Charges
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| 7. |
Interest expense
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5,203 | 24,670 | 34,948 | 47,065 | 55,130 | 56,039 | |||||||||||||||||
| 8. |
Preferred dividends (at 1- effective tax rate)
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529 | 1,448 | 2,420 | 1,540 | 0 | 0 | |||||||||||||||||
| 9. |
Interest estimate - rental expense
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30 | 149 | 211 | 231 | 197 | 202 | |||||||||||||||||
| 10. |
Total fixed charges including interest on deposits
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5,763 | 26,267 | 37,579 | 48,836 | 55,327 | 56,241 | |||||||||||||||||
| 11. |
Interest on deposits
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(2,811 | ) | (14,488 | ) | (22,373 | ) | (33,197 | ) | (39,045 | ) | (45,157 | ) | |||||||||||
| 12. |
Total fixed charges excluding interest on deposits
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2,952 | 11,779 | 15,206 | 15,639 | 16,282 | 11,084 | |||||||||||||||||
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Ratio of Earnings to Fixed Charges and
Preferred Stock Dividends:
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| Excluding Interest on Deposits (line 6 divided by line 12) | 2.1 | 1.1 | 1.4 | (2.5 | ) |
1
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1.2 | 2.8 | ||||||||||||||||
| Including Interest on Deposits (line 4 divided by line 10) | 1.5 | 1.0 | 1.2 | (0.1 | ) |
1
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1.1 | 1.4 | ||||||||||||||||
| 1 |
The dollar amount of the deficiency is $55.4 million.
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