EX-12.1 4 a2207453zex-12_1.htm EX-12.1
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Exhibit 12.1

EAST WEST BANCORP, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

|  | Year Ending December 31, |
--- | --- | --- | ---
|  | 2011 |  | 2010 |  | 2009 |  | 2008 |  | 2007 |
|  |  |  |  |  | (Dollars in thousands) |  |  |
Income (loss) before tax |  | $ | 383,334 |  | $ | 255,909 |  | $ | 104,722 |  | $ | (97,168 | ) | $ | 262,259 |
Fixed charges |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  | 70,312 |  |  | 84,380 |  |  | 107,652 |  |  | 131,634 |  |  | 124,578 |
Estimate of interest within rental expense |  |  | 7,605 |  |  | 7,744 |  |  | 5,014 |  |  | 3,574 |  |  | 3,545 |
Preferred dividends |  |  | 10,719 |  |  | 34,340 |  |  | 24,784 |  |  | 17,928 |  |  | — |
Fixed charges and preferred dividend, excluding interest on deposits |  | $ | 88,636 |  | $ | 126,464 |  | $ | 137,450 |  | $ | 153,136 |  | $ | 128,123 |
Interest on deposits |  |  | 107,110 |  |  | 116,737 |  |  | 129,477 |  |  | 178,060 |  |  | 241,035 |
Fixed charges and preferred dividend, including interest on deposits |  | $ | 195,746 |  | $ | 243,201 |  | $ | 266,927 |  | $ | 331,196 |  | $ | 369,158 |
Total earnings, fixed charges and preferred dividends, excluding interest on deposits |  |  | 471,970 |  |  | 382,373 |  |  | 242,172 |  |  | 55,968 |  |  | 390,382 |
Total earnings, fixed charges and preferred dividends, including interest on deposits |  |  | 579,080 |  |  | 499,110 |  |  | 371,649 |  |  | 234,028 |  |  | 631,417 |
Ratio of Earnings to Fixed Charges and Preferred Dividends |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Excluding interest on deposits |  |  | 5.32 |  |  | 3.02 |  |  | 1.76 |  |  | 0.37 |  |  | 3.05 |
Including interest on deposits |  |  | 2.96 |  |  | 2.05 |  |  | 1.39 |  |  | 0.71 |  |  | 1.71 |

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Exhibit 12.1

EAST WEST BANCORP, INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES