EX-12 3 dex12.htm STATEMENT REGARDING COMPUTATION OF RATIOS Statement Regarding Computation of Ratios

 

Exhibit 12

 

Bank of Hawaii Corporation and Subsidiaries

Exhibit 12 – Statement Regarding Computation of Ratios

Three Months Ended March 31, 2003 & 2002

 

(dollars in millions)

   

2003

        

2002

     

Earnings:

                        

1.    Income Before Income Taxes

   

$

45.6

        

$

48.2

     

2.    Plus: Fixed Charges Including Interest on Deposits

   

 

23.3

        

 

43.7

     
    
       
    

3.    Earnings Including Fixed Charges

   

 

68.9

        

 

91.9

     

4.    Less: Interest on Deposits

   

 

14.4

        

 

24.0

     
    
       
    

5.    Earnings Excluding Interest on Deposits

   

$

54.5

        

$

67.9

     
    
       
    

Fixed Charges:

                        

6.    Fixed Charges Including Interest on Deposits

   

$

23.3

        

$

43.7

     

7.    Less: Interest on Deposits

   

 

14.4

        

 

24.0

     
    
       
    

8.    Fixed Charges Excluding Interest on Deposits

   

$

8.9

        

$

19.7

     
    
       
    

Ratio of Earnings to Fixed Charges:

                        

Including Interest on Deposits (Line 3 divided by Line 6)

   

 

3.0

   

x

   

 

2.1

   

x

Excluding Interest on Deposits (Line 5 divided by Line 8)

   

 

6.1

   

x

   

 

3.4

   

x