EX-12 4 a72091ex12.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
THREE MONTHS ENDED MARCH 31, ------------------------------ 2001 2000 ------------ ------------ (dollars in thousands) Income before income taxes $ 102,584 $ 84,802 ------------ ------------ Fixed charges(1): Interest expense 149,478 122,115 Rental expense 3,715 3,729 ------------ ------------ 153,193 125,844 Less interest on deposits 120,421 99,498 ------------ ------------ Net fixed charges 32,772 26,346 ------------ ------------ Earnings, excluding interest on deposits $ 135,356 $ 111,148 ============ ============ Earnings, including interest on deposits $ 255,777 $ 210,646 ============ ============ Ratio of earnings to fixed charges: Excluding interest on deposits 4.13X 4.22x Including interest on deposits 1.67X 1.67x
(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.