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Exhibit 12.1

East West Bancorp, Inc.

Computation of Ratio of Earnings to Fixed Charges

			Year Ending December 31,(1)
			2008			2007		2006		2005		2004
			(Dollars in Thousands)
(Loss) Income before tax			$	(97,168	)	$	262,259	$	233,781	$	170,361	$	121,333
Fixed Charges
		Interest expense		131,634			124,578		92,303		37,698		15,001
		Estimate of interest within rental expense		3,574			3,545		3,022		2,298		1,418
		Preferred dividends		17,928			—		—		—		—
	Fixed charges and preferred dividend, excluding interest on deposits		$	153,136		$	128,123	$	95,325	$	39,996	$	16,419
	Interest on deposits			178,060			241,035		200,265		93,586		37,896
	Fixed charges and preferred dividend, including interest on deposits		$	331,196		$	369,158	$	295,590	$	133,582	$	54,315
Total earnings, fixed charges and preferred dividends, excluding interest on deposits				55,968			390,382		329,106		210,357		137,752
Total earnings, fixed charges and preferred dividends, including interest on deposits				234,028			631,417		529,371		303,943		175,648
Ratio of Earnings to Fixed Charges and Preferred Dividends
	Excluding interest on deposits			0.37			3.05		3.45		5.26		8.39
	Including interest on deposits			0.71			1.71		1.79		2.28		3.23

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Exhibit 12.1

East West Bancorp, Inc.
Computation of Ratio of Earnings to Fixed Charges