FOR FURTHER INFORMATION AT THE COMPANY:

Julia Gouw

Chief Financial Officer

(626) 583-3512

EAST WEST BANCORP REPORTS RECORD SECOND QUARTER

2005 EARNINGS OF $25.5 MILLION OR A 41% INCREASE

San Marino, CA - July 20, 2005 - East West Bancorp, Inc. (Nasdaq: EWBC), parent company of East West Bank, one of the nation’s premier community banks and a leading institution focused on the Chinese-American and other niche markets, today reported financial results for the second quarter of 2005. Fully diluted earnings per share for the second quarter increased 34% to a record $0.47 from $0.35 in the prior year period.

Second Quarter Highlights

·   Record net income of $25.5 million, up 41% from prior year

·   Gross loans increased to a record $5.61 billion

·   Total deposits increased to a record $5.08 billion

·   Return on equity of 18.74%

·   Total nonperforming assets of 0.04% of total assets

·   Efficiency ratio of 35.78%

·   Definitive agreement signed for the acquisition of United National Bank (“UNB”)

Financial Summary

Second quarter net income was a record $25.5 million, 41% higher than the $18.0 million reported in the prior year period. Return on average equity for the second quarter of 2005 increased to 18.74% from the 17.51% in the previous year, while return on average assets was 1.55%, compared to 1.56% in the previous year. The effective tax rate for the quarter equaled 36.38% compared to 34.97% for the second quarter of 2004. Pretax income for the second quarter of 2005 totaled $40.0 million, a 44% increase over the year ago figure. The increase in earnings in the second quarter is a result of the increase in net interest income, fueled by the continuing strength in loan growth, as well as overall operating efficiencies.

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“We have achieved another quarter of record earnings and outstanding growth,” commented Dominic Ng, Chairman, President and CEO of East West. “The strong results for the second quarter of 2005 reflect our sustained ability to perform by growing deposits at a healthy rate and successfully funding new lending opportunities. Our continued focus on increasing our commercial core deposits has proven to be rewarding, as evidenced by double-digit gains in this deposit segment during the quarter. Loan growth also continued to be solid; increasing at an annualized rate of 25% excluding the combined impact of a multifamily loan securitization and a fixed rate single family loan sale that we completed during the second quarter,” continued Mr. Ng.

“We are especially pleased to end the quarter with a definitive agreement to acquire United National Bank. Both strategically and culturally, UNB is an excellent fit with East West and we are confident that we will be able to execute a successful integration. We are equally confident that the merger will create greater value for our shareholders as this is an excellent opportunity for us to increase market share and strengthen our team with the addition of talented and seasoned staff from UNB. As the acquisition of UNB is not expected to close until the third or fourth quarter of 2005, we expect the transaction to be marginally accretive to 2005 earnings. The UNB acquisition is estimated to add $0.08 to 2006 earnings,” continued Mr. Ng.

Management Guidance

As a result of the performance during the first half of 2005, management has increased its EPS guidance for the full year of 2005. Management estimates that diluted earnings per share for 2005 will be in the range of $1.85 to $1.87, up $0.03 from the previous estimate of $1.82 to $1.84. This revised estimate represents an approximate increase of 24% to 26% from the prior year. Detailed below are the underlying assumptions for the updated EPS guidance, which exclude the impact of the UNB acquisition:

·   Annualized loan growth of 18% to 20% for the remainder of 2005

·   Annualized deposit growth of 15% to 18% for the remainder of 2005

·   Annual increase in noninterest expense of 21% to 24%

·   An effective tax rate between 36% and 38%

·   A stable interest rate environment and a net interest margin between 4.10%

and 4.20%

Mr. Ng commented on the Bank’s outlook for the remainder of 2005, “Based on the results of the first six months and our projected loan and deposit growth for the upcoming six months, we are increasing our EPS guidance. With the completion of the acquisition of UNB and continued market share gains in our lending and deposit activities, we expect to surpass the $8.0 billion total assets threshold by year-end 2005. We are very pleased with our position within the industry and believe that even with increased competition and anticipated compression in margins, our strong performance will continue for the remainder of 2005,” concluded Mr. Ng.

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Balance Sheet Summary

At June 30, 2005, total assets were $6.70 billion, a 22% annualized increase above total assets of $6.03 billion at December 31, 2004. The growth in assets was primarily attributable to the growth of the loan portfolio. Gross loans at June 30, 2005 equaled $5.61 billion; a 19% annualized increase from $5.13 billion at year-end 2004. During the second quarter, we securitized approximately $67 million in multifamily loans and sold approximately $52 million in fixed rate single family loans. The fixed rate single family loans were sold during the quarter as part of our ongoing asset/liability strategy. Excluding the impact of the loan securitization and sale, the annualized loan growth was 25% for the six-month period ended June 30, 2005. Growth in commercial real estate, multifamily and construction loans made the largest impact to the growth. Management continues to believe that the underwriting characteristics of its real estate loans provide the most attractive risk profile in the current market and believes that real estate loans, including construction loans, will continue to account for the majority of anticipated loan growth for the remainder of 2005.

Average earning assets for the second quarter equaled $6.27 billion, 43% higher than for the second quarter of 2004. The growth in average earning assets was driven by a 45% increase in average loans to $5.57 billion. The yield on average earning assets for the quarter was 6.00%, an increase from 5.18% in the year ago quarter and from 5.85% in the previous quarter. The yield on average loans receivable for the quarter was 6.29%, an increase from 5.50% in the year ago quarter and from 6.11% in the previous quarter. The increase in yields on average earning assets is attributable to increases in market interest rates.

Total deposits at June 30, 2005 were $5.08 billion, a 25% annualized increase over total deposits of $4.52 billion at December 31, 2004. Core deposits at June 30, 2005 totaled $2.54 billion or a 23% annualized increase over year-end 2004. During the second quarter of 2005, we continued to see robust core deposit growth in noninterest-bearing demand and money market accounts. Time deposits also demonstrated strong growth during the second quarter, largely due to retail promotions.

Average deposits for the second quarter totaled $4.72 billion, 30% above the figure for the prior year period, while average core deposits amounted to $2.33 billion, 20% greater than a year ago. The growth in average deposits was primarily driven by strong increases in time deposits of 41% and money market deposits of 57%. The year-over-year increase in average core deposits is primarily attributable to the expansion of commercial relationships, as well as promotional programs in the retail branches targeted to smaller businesses and retail customers.

The average cost of deposits for the second quarter was 1.65%, an increase from 0.93% in the year ago quarter and 1.43% in the previous quarter. The average cost of funds for the second quarter equaled 1.94%, compared to 1.09% for the prior year period and 1.64% in the prior quarter. The increase in the cost of deposits for the year-over-year period is attributable to higher overall market interest rates and increased deposit competition. The increased utilization of FHLB advances contributed to the higher cost of funds over the same period.

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Operating Results

Net interest income for the second quarter climbed 44% to a record $65.0 million, representing a net interest margin of 4.15%, which reflects a one basis point increase from the year ago figure and a 14 basis point decrease from 4.29% in the previous quarter. The decrease in the margin compared to the previous quarter was due to the increase in the cost of funds, relative to the increase in the yield on earning assets. We anticipate that the pressure on net interest margin will remain as we respond to continued competition on loan and deposit pricing.

East West provided $4.5 million for loan losses during the second quarter of 2005, compared to $3.0 million during the second quarter of 2004. The increased provision reflects the strong rate of growth in loans, offset by the sustained low levels of non-performing assets. Based on the projected loan growth during the remainder of 2005 and given the current trends in the loan portfolio, management believes that the provision for loan losses should remain consistent with the second quarter level for the remainder of the year.

Noninterest income for the second quarter totaled $8.0 million, $1.7 million or 27% higher than the year ago level and $1.5 million or 23% higher than the previous quarter. The increase in noninterest income resulted predominantly from the sale of investment securities during the second quarter. Excluding the impact of net gain (loss) on investment securities, noninterest income totaled $6.7 million during the second quarter of 2005, comparable to the prior year amount of $6.6 million. Management anticipates core noninterest income, which excludes non-recurring gains on sales of securities and other assets, for the full year of 2005 to be slightly below the prior year level.

Noninterest expense totaled $28.4 million during the second quarter of 2005, representing a $7.9 million or 38% increase from the same quarter last year and $683 thousand or 2% increase from the previous quarter. Cash operating expenses, which exclude the amortization of intangibles and investments in affordable housing partnerships, totaled $26.1 million for the quarter, representing an $8.0 million or a 44% increase over the prior year period and a $655 thousand or a 3% increase from the previous quarter. Higher compensation and occupancy expense, due primarily to organic growth, as well as the acquisition of Trust Bank in August 2004, accounted for the majority of the increase in noninterest expense from prior year. Other expenses increased 62% from prior year due primarily to higher commercial deposit-related costs resulting from growth in commercial deposits as well as overall Bank expansion. Management continues to anticipate that, based on the expected growth of the Bank for the remainder of 2005, operating expenses should increase by 21% to 24% for the full year of 2005.

East West generated a 35.78% operating efficiency ratio for the second quarter of 2005, comparable to the year ago ratio of 35.30%. The continued stable efficiency ratio is a direct result of management’s efforts to increase efficiencies in the Bank’s operating platform. Management reaffirms that an efficiency ratio in the 36% to 38% range for the full year of 2005 remains achievable.

The effective tax rate for the second quarter was 36.38% compared to 34.97% a year ago. Management expects an effective tax rate for full year 2005 of between 36% and 38%.

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Asset Quality

Asset quality continues to remain well below management’s targeted level of risk with total nonperforming assets of $2.7 million, or 0.04% of total assets at June 30, 2005. This compares with $5.9 million, or 0.10% of total assets, at December 31, 2004, and $3.1 million, or 0.06% of total assets, at June 30, 2004. Nonaccrual loans at June 30, 2005 were $1.6 million, or 0.03% of total loans, compared to $4.9 million, or 0.10% of total loans, at December 31, 2004, and $3.1 million, or 0.08% of total loans at June 30, 2004.

Net chargeoffs for the quarter totaled $2.4 million or an annualized 0.17% of average loans, compared to net chargeoffs of $140,000, or 0.01% annualized for the second quarter of 2004 and $765,000 or 0.06% annualized for the previous quarter. Management believes that asset quality continues to remain healthy and that nonperforming assets should continue to be below 0.50% of total assets and that net chargeoffs should remain below an annualized 0.35% for the full year of 2005.

The allowance for loan losses at June 30, 2005 was $55.7 million, or 0.99% of total loans and 3,572% of nonaccrual loans, compared to $50.9 million, or 0.99% of total loans and 1,033% of nonaccrual loans at December 31, 2004 and $44.0 million, or 1.08% of total loans and 1,408% of nonaccrual loans at June 30, 2004. At June 30, 2005, the allowance for unfunded loan commitments and off-balance sheet credit exposures amounted to $8.6 million, compared to $7.7 million at December 31, 2004 and $7.1 million at June 30, 2004. The allowance for unfunded loan commitments and off-balance sheet credit exposures is included in accrued expenses and other liabilities on the balance sheet.

Capitalization

East West continues to be well capitalized under all regulatory guidelines, with a Tier I risk-based capital ratio of 9.61%, a total risk-based capital ratio of 11.54% and a Tier I leverage ratio of 8.70%. Additionally, during the second quarter of 2005, we issued $50 million in subordinated debt to augment our liquidity and capital resources. Subordinated debt qualifies for Tier II capital. Total stockholders’ equity as of June 30, 2005 was $561.4 million, representing a book value per share of $10.65. East West did not repurchase any shares during the quarter.

About East West

East West Bancorp is a publicly owned company, with $6.70 billion in assets, whose stock is traded on the Nasdaq National Market under the symbol “EWBC”. The company’s wholly owned subsidiary, East West Bank, is the second largest independent commercial bank headquartered in Los Angeles. East West Bank serves the community with 45 branch locations throughout Los Angeles, Orange, San Francisco, Alameda, Santa Clara, and San Mateo counties and a Beijing Representative Office in China. It is also one of the largest financial institutions in the nation focusing on the Chinese-American community. For more information on East West Bancorp, visit the company’s website at www.eastwestbank.com.

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Forward-Looking Statements

This release may contain forward-looking statements, which are included in accordance with the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and accordingly, the cautionary statements contained in East West Bancorp’s Annual Report on Form 10-K for the year ended Dec. 31, 2004 (See Item I -- Business, and Item 7 -- Management’s Discussion and Analysis of Consolidated Financial Condition and Results of Operations), and other filings with the Securities and Exchange Commission are incorporated herein by reference. These factors include, but are not limited to: the effect of interest rate and currency exchange fluctuations; competition in the financial services market for both deposits and loans; EWBC’s ability to efficiently incorporate acquisitions into its operations; the ability of EWBC and its subsidiaries to increase its customer base; the effect of regulatory and legislative action, including California tax legislation and an announcement by the state’s Franchise Tax Board regarding the taxation of Registered Investment Companies; and regional and general economic conditions. Actual results and performance in future periods may be materially different from any future results or performance suggested by the forward-looking statements in this release. Such forward-looking statements speak only as of the date of this release. East West expressly disclaims any obligation to update or revise any forward-looking statements found herein to reflect any changes in the Bank’s expectations of results or any change in event.

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EAST WEST BANCORP, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except per share amounts)
(unaudited)
		June 30,			December 31,		%
		2005			2004		Change
Assets
Cash and cash equivalents	$	117,278		$	93,075		26
Investment securities available-for-sale		674,543			534,552		26
Loans receivable (net of allowance for loan losses of $55,723 and $50,884)		5,553,165			5,080,454		9
Premiums on deposits acquired, net		6,517			7,723		(16)
Goodwill		43,802			43,702		0
Other assets		306,279			269,374		14
Total assets	$	6,701,584		$	6,028,880		11
Liabilities and Stockholders' Equity
Deposits	$	5,084,359		$	4,522,517		12
Short-term borrowings		13,000			-		100
Federal Home Loan Bank advances		853,584			860,803		(1)
Notes payable		9,433			11,018		(14)
Accrued expenses and other liabilities		72,316			62,757		15
Long-term debt		107,476			57,476		87
Total liabilities		6,140,168			5,514,571		11
Stockholders' equity		561,416			514,309		9
Total liabilities and stockholders' equity	$	6,701,584		$	6,028,880		11
Book value per share	$	10.65		$	9.80		9
Number of shares at period end		52,696			52,501		0
Ending Balances		June 30,			December 31,		%
		2005			2004		Change
Loans receivable
Real estate - single family	$	393,156		$	327,554		20
Real estate - multifamily		1,206,866			1,121,107		8
Real estate - commercial		2,744,156			2,556,827		7
Real estate - construction		432,420			348,501		24
Commercial		459,153			438,537		5
Trade finance		182,852			155,809		17
Consumer		191,990			185,159		4
Total gross loans receivable	$	5,610,593		$	5,133,494		9
Unearned fees, premiums and discounts		(1,705	)		(2,156	)	(21)
Allowance for loan losses		(55,723	)		(50,884	)	10
Net loans receivable	$	5,553,165		$	5,080,454		9
Deposits
Noninterest-bearing demand	$	1,300,809		$	1,097,851		18
Interest-bearing checking		331,771			334,747		(1)
Money market		592,648			507,949		17
Savings		313,461			340,399		(8)
Total core deposits		2,538,689			2,280,946		11
Time deposits		2,545,670			2,241,571		14
Total deposits	$	5,084,359		$	4,522,517		12

EAST WEST BANCORP, INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except per share amounts)
(unaudited)
	Three Months Ended June 30,							%
			2005			2004		Change
Interest and dividend income		$	93,769		$	56,347		66
Interest expense			(28,809	)		(11,343	)	154
Net interest income before provision for loan losses			64,960			45,004		44
Provision for loan losses			(4,500	)		(3,000	)	50
Net interest income after provision for loan losses			60,460			42,004		44
Noninterest income			7,964			6,254		27
Noninterest expense			(28,401	)		(20,532	)	38
Income before taxes			40,023			27,726		44
Income taxes			(14,560	)		(9,697	)	50
Net income		$	25,463		$	18,029		41
Net income per share, basic		$	0.49		$	0.36		36
Net income per share, diluted		$	0.47		$	0.35		34
Shares used to compute per share net income:
- Basic			52,338			50,063		5
- Diluted			53,878			51,675		4
	Three Months Ended June 30,							%
			2005			2004		Change
Noninterest income:
Letters of credit fees and commissions		$	1,967		$	2,076		(5)
Branch fees			1,692			1,839		(8)
Net gain (loss) on investment securities available-for-sale			1,285			(391	)	429
Income from secondary market activities			992			200		396
Ancillary loan fees			612			757		(19)
Other operating income			1,416			1,773		(20)
Total noninterest income		$	7,964		$	6,254		27
Noninterest expense:
Compensation and employee benefits		$	12,485		$	9,139		37
Occupancy and equipment expense			3,432			2,531		36
Amortization of investments in affordable housing partnerships			1,709			1,920		(11)
Data processing			654			507		29
Amortization of premiums on deposits acquired			603			519		16
Deposit insurance premiums and regulatory assessments			228			183		25
Other operating expense			9,290			5,733		62
Total noninterest expense		$	28,401		$	20,532		38

EAST WEST BANCORP, INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except per share amounts)
(unaudited)
	Six Months Ended June 30,							%
			2005			2004		Change
Interest and dividend income		$	178,525		$	108,492		65
Interest expense			(51,343	)		(21,405	)	140
Net interest income before provision for loan losses			127,182			87,087		46
Provision for loan losses			(8,870	)		(6,750	)	31
Net interest income after provision for loan losses			118,312			80,337		47
Noninterest income			14,464			14,291		1
Noninterest expense			(56,119	)		(40,868	)	37
Income before taxes			76,657			53,760		43
Income taxes			(27,675	)		(18,786	)	47
Net income		$	48,982			34,974		40
Net income per share, basic		$	0.94		$	0.71		32
Net income per share, diluted		$	0.91		$	0.68		34
Shares used to compute per share net income:
- Basic			52,291			49,600		5
- Diluted			53,921			51,184		5
	Six Months Ended June 30,							%
			2005			2004		Change
Noninterest income:
Letters of credit fees and commissions		$	4,504		$	4,189		8
Branch fees			3,285			3,634		(10)
Net gain on investment securities available-for-sale			1,733			803		116
Income from secondary market activities			1,184			1,051		13
Ancillary loan fees			1,129			1,393		(19)
Other operating income			2,629			3,221		(18)
Total noninterest income		$	14,464		$	14,291		1
Noninterest expense:
Compensation and employee benefits		$	25,339		$	18,307		38
Occupancy and equipment expense			6,690			4,935		36
Amortization of investments in affordable housing partnerships			3,390			3,775		(10)
Data processing			1,223			968		26
Amortization of premiums on deposits acquired			1,206			1,037		16
Deposit insurance premiums and regulatory assessments			451			361		25
Other operating expense			17,820			11,485		55
Total noninterest expense		$	56,119		$	40,868		37

EAST WEST BANCORP, INC.
SELECTED FINANCIAL INFORMATION
(Dollars in thousands)
(unaudited)
Average Balances	Three Months Ended June 30,				%
		2005		2004	Change
Loans receivable
Real estate - single family	$	415,587	$	173,433	140
Real estate - multifamily		1,195,736		880,801	36
Real estate - commercial		2,731,457		1,910,490	43
Real estate - construction		418,732		241,918	73
Commercial		435,910		344,497	27
Trade finance		183,788		123,384	49
Consumer		186,062		160,817	16
Total loans receivable		5,567,272		3,835,340	45
Investment securities		632,105		408,310	55
Earning assets		6,272,968		4,374,574	43
Total assets		6,577,451		4,636,049	42
Deposits
Noninterest-bearing demand	$	1,090,716	$	968,857	13
Interest-bearing checking		327,977		276,971	18
Money market		599,968		381,591	57
Savings		315,704		314,031	1
Total core deposits		2,334,365		1,941,450	20
Time deposits		2,382,728		1,689,163	41
Total deposits		4,717,093		3,630,613	30
Interest-bearing liabilities		4,864,126		3,198,925	52
Stockholders' equity		543,376		411,838	32
	Six Months Ended June 30,				%
		2005		2004	Change
Loans receivable
Real estate - single family	$	383,432	$	162,927	135
Real estate - multifamily		1,163,559		856,862	36
Real estate - commercial		2,670,187		1,796,507	49
Real estate - construction		398,483		220,233	81
Commercial		432,697		330,561	31
Trade finance		170,947		121,707	40
Consumer		183,513		155,302	18
Total loans receivable		5,402,818		3,644,099	48
Investment securities		606,182		412,536	47
Earning assets		6,076,555		4,178,597	45
Total assets		6,377,461		4,437,049	44
Deposits
Noninterest-bearing demand	$	1,068,146	$	905,800	18
Interest-bearing checking		331,892		280,803	18
Money market		608,908		342,175	78
Savings		322,899		309,369	4
Total core deposits		2,331,845		1,838,147	27
Time deposits		2,334,594		1,630,133	43
Total deposits		4,666,439		3,468,280	35
Interest-bearing liabilities		4,700,420		3,080,395	53
Stockholders' equity		531,770		394,417	35

EAST WEST BANCORP, INC.
SELECTED FINANCIAL INFORMATION
(unaudited)
Selected Ratios	Three Months Ended June 30,					%
		2005		2004		Change
For The Period
Return on average assets		1.55	%	1.56	%	(0)
Return on average equity		18.74	%	17.51	%	7
Interest rate spread		3.62	%	3.75	%	(3)
Net interest margin		4.15	%	4.14	%	0
Yield on earning assets		6.00	%	5.18	%	16
Cost of deposits		1.65	%	0.93	%	77
Cost of funds		1.94	%	1.09	%	78
Noninterest expense/average assets (1)		1.59	%	1.56	%	2
Efficiency ratio (1)		35.78	%	35.30	%	1
Net chargeoffs to average loans (2)		0.17	%	0.01	%	1,600
	Six Months Ended June 30,					%
		2005		2004		Change
For The Period
Return on average assets		1.54	%	1.58	%	(3)
Return on average equity		18.42	%	17.73	%	4
Interest rate spread		3.72	%	3.82	%	(3)
Net interest margin		4.22	%	4.19	%	1
Yield on earning assets		5.92	%	5.22	%	13
Cost of deposits		1.54	%	0.91	%	69
Cost of funds		1.79	%	1.08	%	66
Noninterest expense/average assets (1)		1.62	%	1.63	%	(1)
Efficiency ratio (1)		36.37	%	35.57	%	2
Net chargeoffs to average loans (2)		0.12	%	0.05	%	140
Period End
Tier 1 risk-based capital ratio		9.61	%	9.79	%	(2)
Total risk-based capital ratio		11.54	%	10.93	%	6
Tier 1 leverage capital ratio		8.70	%	9.33	%	(7)
Nonperforming assets to total assets		0.04	%	0.06	%	(33)
Nonaccrual loans to total loans		0.03	%	0.08	%	(63)
Allowance for loan losses to total loans		0.99	%	1.08	%	(8)
Allowances for loan losses and unfunded loan commitments to total loans		1.15	%	1.26	%	(9)
Allowance for loan losses to nonaccrual loans		3571.99	%	1407.52	%	154
(1) Excludes the amortization of intangibles and investments in affordable housing partnerships.
(2) Annualized.

EAST WEST BANCORP, INC.
QUARTER TO DATE AVERAGE BALANCES, YIELDS AND RATES PAID
(Dollars in thousands)
(unaudited)
	Quarter Ended June 30,
	2005							2004
		Average				Yield			Average				Yield
		Volume			Interest	(1)			Volume			Interest	(1)
Assets
Interest-earning assets:
Short-term investments	$	7,708			57	2.97	%	$	103,319			282	1.10	%
Investment securities
available-for-sale		632,105			5,582	3.54	%		408,310			3,415	3.36	%
Loans receivable		5,567,272			87,334	6.29	%		3,835,340			52,402	5.50	%
FHLB/FRB stock		65,883			796	4.85	%		27,605			248	3.61	%
Total interest-earning assets		6,272,968			93,769	6.00	%		4,374,574			56,347	5.18	%
Noninterest-earning assets:
Cash and due from banks		99,873							84,456
Allowance for loan losses		(55,608	)						(43,499	)
Other assets		260,218							220,518
Total assets	$	6,577,451						$	4,636,049
Liabilities and Stockholders' Equity
Interest-bearing liabilities:
Checking accounts		327,977			615	0.75	%		276,971			240	0.35	%
Money market accounts		599,968			3,053	2.04	%		381,591			932	0.98	%
Savings deposits		315,704			199	0.25	%		314,031			113	0.14	%
Time deposits		2,382,728			15,527	2.61	%		1,689,163			7,079	1.69	%
Short-term borrowings		6,875			60	3.50	%		1,846			7	1.53	%
FHLB advances		1,138,783			7,890	2.78	%		501,355			2,260	1.81	%
Long-term debt		92,091			1,465	6.38	%		33,968			712	8.43	%
Total interest-bearing liabilities		4,864,126			28,809	2.38	%		3,198,925			11,343	1.43	%
Noninterest-bearing liabilities:
Demand deposits		1,090,716							968,857
Other liabilities		79,233							56,429
Stockholders' equity		543,376							411,838
Total liabilities and stockholders' equity	$	6,577,451						$	4,636,049
Interest rate spread						3.62	%						3.75	%
Net interest income and net margin				$	64,960	4.15	%				$	45,004	4.14	%
(1) Annualized.

EAST WEST BANCORP, INC.
YEAR TO DATE AVERAGE BALANCES, YIELDS AND RATES PAID
(Dollars in thousands)
(unaudited)
	Six Months Ended June 30,
	2005						2004
		Average			Yield			Average				Yield
		Volume		Interest	(1)			Volume			Interest	(1)
Assets
Interest-earning assets:
Short-term Investments	$	7,377		99	2.71	%	$	95,244			522	1.10	%
Investment securities
available-for-sale		606,182		10,839	3.61	%		412,536			7,228	3.52	%
Loans receivable		5,402,818		166,230	6.20	%		3,644,099			100,240	5.53	%
FHLB/FRB stock		60,178		1,357	4.55	%		26,718			502	3.78	%
Total interest-earning assets		6,076,555		178,525	5.92	%		4,178,597			108,492	5.22	%
Noninterest-earning assets:
Cash and due from banks		100,940						84,901
Allowance for loan losses		(54,011	)					(41,797	)
Other assets		253,977						215,348
Total assets	$	6,377,461					$	4,437,049
Liabilities and Stockholders' Equity
Interest-bearing liabilities:
Checking accounts		331,892		1,248	0.76	%		280,803			468	0.34	%
Money market accounts		608,908		6,013	1.99	%		342,175			1,551	0.91	%
Savings deposits		322,899		389	0.24	%		309,369			215	0.14	%
Time deposits		2,334,594		28,035	2.42	%		1,630,133			13,531	1.67	%
Short-term borrowings		6,169		102	3.33	%		1,802			13	1.45	%
FHLB advances		1,021,079		13,071	2.58	%		483,278			4,227	1.76	%
Long-term debt		74,879		2,485	6.69	%		32,835			1,400	8.57	%
Total interest-bearing liabilities		4,700,420		51,343	2.20	%		3,080,395			21,405	1.40	%
Noninterest-bearing liabilities:
Demand deposits		1,068,146						905,800
Other liabilities		77,125						56,437
Stockholders' equity		531,770						394,417
Total liabilities and stockholders' equity	$	6,377,461					$	4,437,049
Interest rate spread					3.72	%						3.82	%
Net interest income and net margin				127,182	4.22	%				$	87,087	4.19	%
(1) Annualized.