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Exhibit 12.1

EAST WEST BANCORP, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

	Year Ending December 31,
	2011		2010		2009		2008			2007
					(Dollars in thousands)
Income (loss) before tax	$	383,334	$	255,909	$	104,722	$	(97,168	)	$	262,259
Fixed charges
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
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

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Exhibit 12.1

EAST WEST BANCORP, INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES