Exhibit 12.1

EAST WEST BANCORP, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

	Year Ending December 31,
	2010		2009		2008			2007		2006
	(Dollars in thousands)
Income (loss) before tax	$	255,909	$	104,722	$	(97,168	)	$	262,259	$	233,781
Fixed charges
Interest expense		84,380		107,652		131,634			124,578		92,303
Estimate of interest within rental expense		7,744		5,014		3,574			3,545		3,022
Preferred dividends		34,340		24,784		17,928			—		—
Fixed charges and preferred dividend, excluding interest on deposits	$	126,464	$	137,450	$	153,136		$	128,123	$	95,325
Interest on deposits		116,737		129,477		178,060			241,035		200,265
Fixed charges and preferred dividend, including interest on deposits	$	243,201	$	266,927	$	331,196		$	369,158	$	295,590
Total earnings, fixed charges and preferred dividends, excluding interest on deposits		382,373		242,172		55,968			390,382		329,106
Total earnings, fixed charges and preferred dividends, including interest on deposits		499,110		371,649		234,028			631,417		529,371
Ratio of Earnings to Fixed Charges and Preferred Dividends
Excluding interest on deposits		3.02		1.76		0.37			3.05		3.45
Including interest on deposits		2.05		1.39		0.71			1.71		1.79