Exhibit 12

Bank of Hawaii Corporation and Subsidiaries

Statement Regarding Computation of Ratios

		Nine Months Ended
		September 30,
(dollars in thousands)		2005			2004
Earnings:
1.	Income Before Income Taxes	$	214,699		$	198,566
2.	Plus: Fixed Charges Including Interest on Deposits	69,840			46,984
3.	Earnings Including Fixed Charges and Interest on Deposits	284,539			245,550
4.	Less: Interest on Deposits	40,947			26,750
5.	Earnings Excluding Interest on Deposits	$	243,592		$	218,800
Fixed Charges:
6.	Fixed Charges Including Interest on Deposits	$	69,840		$	46,984
7.	Less: Interest on Deposits	40,947			26,750
8.	Fixed Charges Excluding Interest on Deposits	$	28,893		$	20,234
Ratio of Earnings to Fixed Charges:
Including Interest on Deposits (Line 3 divided by Line 6)		4.1		x	5.2		x
Excluding Interest on Deposits (Line 5 divided by Line 8)		8.4		x	10.8		x