EAST WEST BANCORP, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
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Year Ending December 31, | |||||||||||||||
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2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||
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(Dollars in thousands) |
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Income (loss) before tax |
$ | 383,334 | $ | 255,909 | $ | 104,722 | $ | (97,168 | ) | $ | 262,259 | |||||
Fixed charges |
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Interest expense |
70,312 | 84,380 | 107,652 | 131,634 | 124,578 | |||||||||||
Estimate of interest within rental expense |
7,605 | 7,744 | 5,014 | 3,574 | 3,545 | |||||||||||
Preferred dividends |
10,719 | 34,340 | 24,784 | 17,928 | — | |||||||||||
Fixed charges and preferred dividend, excluding interest on deposits |
$ | 88,636 | $ | 126,464 | $ | 137,450 | $ | 153,136 | $ | 128,123 | ||||||
Interest on deposits |
107,110 | 116,737 | 129,477 | 178,060 | 241,035 | |||||||||||
Fixed charges and preferred dividend, including interest on deposits |
$ | 195,746 | $ | 243,201 | $ | 266,927 | $ | 331,196 | $ | 369,158 | ||||||
Total earnings, fixed charges and preferred dividends, excluding interest on deposits |
471,970 | 382,373 | 242,172 | 55,968 | 390,382 | |||||||||||
Total earnings, fixed charges and preferred dividends, including interest on deposits |
579,080 | 499,110 | 371,649 | 234,028 | 631,417 | |||||||||||
Ratio of Earnings to Fixed Charges and Preferred Dividends |
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Excluding interest on deposits |
5.32 | 3.02 | 1.76 | 0.37 | 3.05 | |||||||||||
Including interest on deposits |
2.96 | 2.05 | 1.39 | 0.71 | 1.71 |