Attached files
| file | filename |
|---|---|
| S-1 - S-1 REGISTRATION STATEMENT - 1st FRANKLIN FINANCIAL CORP | registrationsdnedgar.htm |
| EX-25 - S-1 REGISTRATION STATEMENT - EXHIBIT 25 - 1st FRANKLIN FINANCIAL CORP | exhibit25formt1sdnedgar.htm |
| EX-5 - S-1 REGISTRATION STATEMENT - EXHIBIT 5 - 1st FRANKLIN FINANCIAL CORP | exhibit5legalopinionsdnedgar.htm |
| EX-23 - S-1 REGISTRATION STATEMENT - EXHIBIT 23 - 1st FRANKLIN FINANCIAL CORP | exhibit23consentsdnedgar.htm |
Exhibit 12 |
RATIO OF EARNINGS TO FIXED CHARGES |
| 2013 | 2012 | 2011 | 2010 | 2009 |
| (In thousands, except ratio data) | ||||
Income before income taxes | $ 38,400 | $ 36,663 | $ 32,229 | $ 23,423 | $ 11,050 |
|
|
|
|
|
|
Interest on indebtedness | 11,472 | 11,394 | 11,641 | 12,439 | 13,682 |
|
|
|
|
|
|
Portion of rents representative |
|
|
|
|
|
of the interest factor | 1,837 | 1,739 | 1,670 | 1,589 | 1,576 |
|
|
|
|
|
|
Earnings as adjusted | $ 51,709 | $ 49,796 | $ 45,540 | $ 37,451 | $ 26,308 |
|
|
|
|
|
|
|
|
|
|
|
|
Fixed charges: |
|
|
|
|
|
|
|
|
|
|
|
Interest on indebtedness | $ 11,472 | $ 11,394 | $ 11,641 | $ 12,439 | $ 13,681 |
|
|
|
|
|
|
Portion of rents representative |
|
|
|
|
|
of the interest factor | 1,837 | 1,739 | 1,670 | 1,589 | 1,576 |
|
|
|
|
|
|
Fixed charges | $ 13,309 | $ 13,133 | $ 13,311 | $ 14,028 | $ 15,257 |
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of earnings |
|
|
|
|
|
to fixed charges | 3.89 | 3.79 | 3.42 | 2.67 | 1.72 |
|
|
|
|
|
|