Exhibit 12.1

EAST WEST BANCORP, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

	Year Ending December 31,
	2013		2012		2011		2010		2009
	(Dollars in thousands)
Income before tax	$	425,850	$	425,592	$	383,334	$	255,909	$	104,722
Fixed charges
Interest expense	48,996		56,273		70,312		84,380		107,652
Estimate of interest within rental expense	8,731		8,594		7,605		7,744		5,014
Preferred dividends	4,947		10,361		10,719		34,340		24,784
Fixed charges and preferred dividend, excluding interest on deposits	$	62,674	$	75,228	$	88,636	$	126,464	$	137,450
Interest on deposits	63,496		75,895		107,110		116,737		129,477
Fixed charges and preferred dividend, including interest on deposits	$	126,170	$	151,123	$	195,746	$	243,201	$	266,927
Total earnings, fixed charges and preferred dividends, excluding interest on deposits	488,524		500,820		471,970		382,373		242,172
Total earnings, fixed charges and preferred dividends, including interest on deposits	552,020		576,715		579,080		499,110		371,649
Ratio of Earnings to Fixed Charges and Preferred Dividends
Excluding interest on deposits	7.79		6.66		5.32		3.02		1.76
Including interest on deposits	4.38		3.82		2.96		2.05		1.39