Exhibit 12.1

EAST WEST BANCORP, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

	Year Ending December 31,
	2012		2011		2010		2009		2008
			(Dollars in thousands)
Income (loss) before tax	$	425,592	$	383,334	$	255,909	$	104,722	$	(97,168	)
Fixed charges
Interest expense	56,273		70,312		84,380		107,652		131,634
Estimate of interest within rental expense	8,594		7,605		7,744		5,014		3,574
Preferred dividends	10,361		10,719		34,340		24,784		17,928
Fixed charges and preferred dividend, excluding interest on deposits	$	75,228	$	88,636	$	126,464	$	137,450	$	153,136
Interest on deposits	75,895		107,110		116,737		129,477		178,060
Fixed charges and preferred dividend, including interest on deposits	$	151,123	$	195,746	$	243,201	$	266,927	$	331,196
Total earnings, fixed charges and preferred dividends, excluding interest on deposits	500,820		471,970		382,373		242,172		55,968
Total earnings, fixed charges and preferred dividends, including interest on deposits	576,715		579,080		499,110		371,649		234,028
Ratio of Earnings to Fixed Charges and Preferred Dividends
Excluding interest on deposits	6.66		5.32		3.02		1.76		0.37
Including interest on deposits	3.82		2.96		2.05		1.39		0.71