EX-12 4 a76910ex12.txt EXHIBIT 12 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 NINE MONTHS ENDED SEPTEMBER 30, SEPTEMBER 30, ---------------------------- ---------------------------- 2001 2000 2001 2000 ------------- ------------ ------------- ------------ (dollars in thousands) Income before income taxes $ 107,928 $ 97,128 $ 318,130 $ 275,174 ------------- ------------ ------------- ------------ Fixed charges (1): Interest expense 119,929 148,226 404,279 407,871 Rental expense 3,830 4,438 11,481 11,975 ------------- ------------ ------------- ------------ 123,759 152,664 415,760 419,846 Less interest on deposits 92,405 120,389 318,687 330,200 ------------- ------------ ------------- ------------ Net fixed charges 31,354 32,275 97,073 89,646 ------------- ------------ ------------- ------------ Earnings, excluding interest on deposits $ 139,282 $ 129,403 $ 415,203 $ 364,820 ============= ============ ============= ============ Earnings, including interest on deposits $ 231,687 $ 249,792 $ 733,890 $ 695,020 ============= ============ ============= ============ Ratio of earnings to fixed charges: Excluding interest on deposits 4.44X 4.01x 4.28X 4.07x Including interest on deposits 1.87X 1.64x 1.77X 1.66x
(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.