Please wait


Exhibit 12.1

First Security Group Inc., and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges and
Ratio of Earnings to Fixed Charges and Preferred Dividends

 
Year Ended December 31,
Excluding interest on deposits
2013
 
2012
 
2011
 
2010
 
2009
 
(dollar amounts in thousands)
 
 
 
 
 
 
 
 
 
 
Loss before income tax provision
$
(12,972
)
 
$
(36,799
)
 
$
(22,669
)
 
$
(34,663
)
 
(41,707
)
Fixed charges
70

 
396

 
444

 
481

 
522

Earnings
$
(12,902
)
 
$
(36,403
)

$
(22,225
)

$
(34,182
)

(41,185
)
 
 
 
 
 
 
 
 
 
 
Fixed charges
$
70

 
$
396

 
$
444

 
$
481

 
$
522

Preferred dividend requirements
1,381

 
2,078

 
2,053

 
2,029

 
1,954

Fixed charges and dividend requirements
$
1,451

 
$
2,474


2,497


$
2,510


$
2,476

 

 







Ratio of earnings to fixed charges
nm1
 
nm1

nm1

nm1

nm1
Ratio of earnings to fixed charges and preferred dividends
nm1
 
nm1
 
nm1
 
nm1
 
nm1
 
 
 
 
 
 
 
 
 
 
nm1 - Not meaningful. For all periods shown, earnings were insufficient to cover fixed charges.



 
Year Ended December 31,
Including interest on deposits
2013
 
2012
 
2011
 
2010
 
2009
 
(dollar amounts in thousands)
 
 
 
 
 
 
 
 
 
 
Loss before income tax provision
$
(12,972
)
 
$
(36,799
)
 
$
(22,669
)
 
$
(34,663
)
 
$
(41,707
)
Fixed charges
8,544

 
12,730

 
15,005

 
20,235

 
21,798

Earnings
$
(4,428
)
 
$
(24,069
)

$
(7,664
)

$
(14,428
)

$
(19,909
)
 
 
 
 
 
 
 
 
 
 
Fixed charges
$
8,544

 
$
12,730

 
$
15,005

 
$
20,235

 
$
21,798

Preferred dividend requirements
1,381

 
2,078

 
2,053

 
2,029

 
1,954

Fixed charges and dividend requirements
$
9,925

 
$
14,808

 
$
17,058

 
$
22,264

 
$
23,752

 

 







Ratio of earnings to fixed charges
nm1
 
nm1
 
nm1
 
nm1
 
nm1
Ratio of earnings to fixed charges and preferred dividends
nm1
 
nm1
 
nm1
 
nm1
 
nm1
 
 
 
 
 
 
 
 
 
 
nm1 - Not meaningful. For all periods shown, earnings were insufficient to cover fixed charges.