Exhibit 12.1

 

ServisFirst Bancshares, Inc.

Ratio of Combined Fixed Charges and Preference Dividends to Earnings

(in thousands)

 

  Three months ended,     Years ended December 31,    
  3/31/2015     2014     2013     2012     2011     2010    
Fixed charges:                                                
Interest expense—deposits $ 3,270     $  12,420     $  11,830     $  12,249     $  13,047     $  11,941    
Interest expense—borrowed funds   476       1,699       1,789       2,652       3,033       3,319    
Estimated interest within rental expense   212       802       746       659       618       520    
Preferred stock dividends (pretax funds to pay)   145       565       596       599       306       -    
Total fixed charges, excluding interest on deposits $ 833     $ 3,066     $ 3,131     $ 3,909     $ 3,957     $ 3,839    
Total fixed charges, including interest on deposits $ 4,103     $ 15,486     $ 14,961     $ 16,158     $ 17,004     $ 15,780    
                                                 
Earnings:                                                
Pretax earnings (loss) $ 18,958     $ 73,978     $ 61,975     $ 51,565     $ 35,827     $ 26,736    
Fixed charges above   4,103       15,486       14,961       16,158       17,004       15,780    
Less: Preferred stock dividends (pretax funds to pay)   145       565       596       599       306       -    
Less: noncontrolling interest in pre-tax income of subsidiaries   -       31       16       -       -       -    
Total earnings $ 22,916     $ 88,868     $ 76,324     $ 67,125     $ 52,525     $ 42,516    
                                                 
Ratio of earnings to fixed charges (excludes preferred dividends):                                                
Excluding interest on deposits   33.30 x     35.53 x     30.10 x     20.28 x     14.39 x     11.07 x  
Including interest on deposits   5.79 x     5.96 x     5.31 x     4.31 x     3.15 x     2.69 x  
                                                 
Ratio of earnings to combined fixed charges and preferred dividends:                                                
Excluding interest on deposits   27.50 x     28.98 x     24.38 x     17.17 x     13.27 x     11.07 x  
Including interest on deposits   5.58 x     5.74 x     5.10 x     4.15 x     3.09 x     2.69 x