EX-12 17 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)

 

2013

   

2012

   

2011

   

2010

   

2009

 

Income before income tax expense

  $ 193,578     $ 183,567     $ 151,411     $ (3,064 )   $ (129,302 )

Plus fixed charges

    85,092       111,156       142,533       194,102       247,540  
                                         

Earnings

    278,670       294,723       293,944       191,038       118,238  
                                         

Fixed charges

    85,092       111,156       142,533       194,102       247,540  

Preferred stock dividends

    10,278       17,093       17,042       16,998       16,948  

Fixed charges and preferred stock dividends

  $ 95,370     $ 128,249     $ 159,575     $ 211,100     $ 264,488  
                                         

Ratio of earnings to fixed charges

    3.27       2.65       2.06       0.98       0.48  
                                         

Ratio of earnings to fixed charges and preferred stock dividends

    2.92       2.30       1.84       0.90       0.45