EX-12.1 12 ex12-1.htm EXHIBIT 12.1 ex12-1.htm
 
Exhibit 12.1
 
 
CATHAY GENERAL BANCORP AND SUBSIDIARIES
 Computation of Ratio of Earnings to Fixed Charges and Preferred Stock Dividends
 
   
For the Years Ended December 31,
  
(Dollars in thousands, except ratios)
  
2012
    
2011
    
2010
    
2009
    
2008
  
Income before income tax expense
   $ 183,567     $ 151,411     $ (3,064 )   $ (129,302 )   $ 70,075  
Plus fixed charges
     111,156       142,533       194,102       247,540       299,477  
                                         
Earnings
     294,723       293,944       191,038       118,238       369,552  
                                         
Fixed charges
     111,156       142,533       194,102       247,540       299,477  
Preferred stock dividends
     17,093       17,042       16,998       16,948       1,750  
Fixed charges and preferred stock dividends
   $ 128,249     $ 159,575     $ 211,100     $ 264,488     $ 301,227  
                                         
Ratio of earnings to fixed charges
     2.65       2.06       0.98       0.48       1.23  
                                         
Ratio of earnings to fixed charges and preferred stock dividends
     2.30       1.84       0.90       0.45       1.23