EX-12.1 3 a81645ex12-1.htm EXHIBIT 12.1 Statement regarding computation of ratios.
 

Exhibit 12. Statement re: Computation of Ratios

BancWest Corporation and Subsidiaries
Computation of Consolidated Ratios of Earnings to Fixed Charges

                   
      Three Months Ended
      March 31,
     
      2002   2001
     
 
      (dollars in thousands)
Income before income taxes
   $ 107,999     $ 102,584  
 
    
     
 
Fixed charges(1) :
                
 
Interest expense
     104,804       149,478  
 
Rental expense
     4,718       3,715  
 
    
     
 
 
     109,522       153,193  
Less interest on deposits
     63,629       120,421  
 
    
     
 
 
Net fixed charges
     45,893       32,772  
 
    
     
 
 
Earnings, excluding interest on deposits
   $ 153,892     $ 135,356  
 
    
     
 
 
Earnings, including interest on deposits
   $ 217,521     $ 255,777  
 
    
     
 
Ratio of earnings to fixed charges:
                
 
Excluding interest on deposits
     3.35x       4.13x  
 
Including interest on deposits
     1.99x       1.67x  

(1)   For purposes of computing the consolidated ratios of earnings to fixed charges, earnings represent income before income taxes plus fixed charges. Fixed charges, excluding interest on deposits, include interest (other than on deposits), whether expensed or capitalized, and that portion of rental expense (generally one third) deemed representative of the interest factor. Fixed charges, including interest on deposits, consists of the foregoing items plus interest on deposits.