EX-12 3 dex12.htm STATEMENT REGARDING COMPUTATION OF RATIOS Prepared by R.R. Donnelley Financial -- Statement regarding Computation of Ratios
EXHIBIT 12
 
BANK OF HAWAII CORPORATION
 
EXHIBIT 12—STATEMENT REGARDING COMPUTATION OF RATIOS
Six Months Ended June 30, 2002 and 2001
 
    
2002
     
2001
  
    
(dollars in millions)
  
Earnings:
                  
1.    Income Before Income Taxes
   
$
96.4
 
   
$
107.8
 
2.    Plus: Fixed Charges Including Interest on Deposits
   
 
83.3
 
   
 
222.5
 
    
  
3.    Earnings Including Fixed Charges
   
 
179.7
 
   
 
330.3
 
4.    Less: Interest on Deposits
   
 
46.1
 
   
 
132.0
 
    
  
5.    Earnings Excluding Interest on Deposits
   
$
133.6
 
   
$
198.3
 
    
  
Fixed Charges:
                  
6.    Fixed Charges Including Interest on Deposits
   
$
83.3
 
   
$
222.5
 
7.    Less: Interest on Deposits
   
 
46.1
 
   
 
132.0
 
    
  
8.    Fixed Charges Excluding Interest on Deposits
   
$
37.2
 
   
$
90.5
 
    
  
Ratio of Earnings to Fixed Charges:
                  
Including Interest on Deposits (Line 3 divided by Line 6)
   
 
2.2
x
   
 
1.5
x
Excluding Interest on Deposits (Line 5 divided by Line 8)
   
 
3.6
x
   
 
2.2
x