EX-12 3 dex12.htm STATEMENT REGARDING COMPUTATION OF RATIOS Statement Regarding Computation of Ratios
EXHIBIT 12
 
Bank of Hawaii Corportation
Exhibit 12—Statement Regarding Computation of Ratios
Nine Months Ended September 30, 2002 and 2001
 
(dollars in millions) (Unaudited)
     
2002
       
2001
  
 
Earnings:
                      
1.    Income Before Income Taxes
     
$
143.8
 
     
$
209.4
 
2.    Plus: Fixed Charges Including Interest on Deposits
     
 
118.8
 
     
 
305.8
 
3.    Earnings Including Fixed Charges
     
 
262.7
 
     
 
515.1
 
4.    Less: Interest on Deposits
     
 
66.7
 
     
 
182.1
 
5.    Earnings Excluding Interest on Deposits
     
$
196.0
 
     
$
333.0
 
 
Fixed Charges:
                      
6.    Fixed Charges Including Interest on Deposits
     
$
118.8
 
     
$
305.8
 
7.    Less: Interest on Deposits
     
 
66.7
 
     
 
182.1
 
8.    Fixed Charges Excluding Interest on Deposits
     
$
52.1
 
     
$
123.6
 
 
Ratio of Earnings to Fixed Charges:
                      
Including Interest on Deposits (Line 3 divided by Line 6)
     
 
2.2
    x
     
 
1.7
    x
Excluding Interest on Deposits (Line 5 divided by Line 8)
     
 
3.8
    x
     
 
2.7
    x