PACWEST BANCORP AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges and Preferred Stock Dividends

	Nine Months Ended September 30,			Year Ended December 31,

	2009			2008			2007		2006		2005		2004
	(dollars in thousands)
Earnings (loss) before income taxes	$	(3,193	)	$	(707,976	)	$	152,770	$	127,368	$	85,491	$	60,659
Add fixed charges		44,206			73,063			90,001		63,079		25,419		16,814

Earnings (loss) before fixed charges and income taxes	$	41,013		$	(634,913	)	$	242,771	$	190,447	$	110,910	$	77,473

Fixed charges	$	44,206		$	73,063		$	90,001	$	63,079	$	25,419	$	16,814
Preferred dividends		—			—			—		—		—		—

Fixed charges and preferred dividends	$	44,206		$	73,063		$	90,001	$	63,079	$	25,419	$	16,814

Deficiency amount	$	3,193		$	707,976		$	—	$	—	$	—	$	—

Ratio of earnings to fixed charges		0.93			N.M.			2.70		3.02		4.36		4.61

Ratio of earnings to fixed charges and preferred dividends		0.93			N.M.			2.70		3.02		4.36		4.61