EX-12 2 a66927ex12.txt EXHIBIT 12 1 EXHIBIT 12 EXHIBIT 12. STATEMENT RE: COMPUTATION OF RATIOS BancWest Corporation and Subsidiaries Computation of Consolidated Ratios of Earnings to Fixed Charges
QUARTER ENDED NINE MONTHS ENDED SEPTEMBER 30, SEPTEMBER 30, ---------------------- ---------------------- 2000 1999 2000 1999 -------- -------- -------- -------- (dollars in thousands) Income before income taxes $ 97,128 $ 65,076 $275,174 $213,981 -------- -------- -------- -------- Fixed charges(1) : Interest expense 148,226 112,794 407,871 330,382 Rental expense 4,438 3,869 11,975 11,274 -------- -------- -------- -------- 152,664 116,663 419,846 341,656 Less interest on deposits 120,389 93,677 330,200 271,057 -------- -------- -------- -------- Net fixed charges 32,275 22,986 89,646 70,599 -------- -------- -------- -------- Earnings, excluding interest on deposits $129,403 $ 88,062 $364,820 $284,580 ======== ======== ======== ======== Earnings, including interest on deposits $249,792 $181,739 $695,020 $555,637 ======== ======== ======== ======== Ratio of earnings to fixed charges: Excluding interest on deposits 4.01X 3.83x 4.07X 4.03x Including interest on deposits 1.64X 1.56x 1.66X 1.63x
(1) For purposes of computing the consolidated ratios of earnings to fixed charges, earnings represent income before income taxes plus fixed charges. Fixed charges, excluding interest on deposits, include interest (other than on deposits), whether expensed or capitalized, and that portion of rental expense (generally one third) deemed representative of the interest factor. Fixed charges, including interest on deposits, consists of the foregoing items plus interest on deposits.