EX-12.1 3 a13-27261_1ex12d1.htm EX-12.1

Exhibit 12.1

EAST WEST BANCORP, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

|  | Year Ending December 31,
|  | 2013 |  | 2012 |  | 2011 |  | 2010 |  | 2009 |
|  | (Dollars in thousands) |
Income before tax |  | $ | 425,850 |  | $ | 425,592 |  | $ | 383,334 |  | $ | 255,909 |  | $ | 104,722 |
Fixed charges |  |  |  |  |  |  |  |  |  |  |
Interest expense |  | 48,996 |  | 56,273 |  | 70,312 |  | 84,380 |  | 107,652 |
Estimate of interest within rental expense |  | 8,731 |  | 8,594 |  | 7,605 |  | 7,744 |  | 5,014 |
Preferred dividends |  | 4,947 |  | 10,361 |  | 10,719 |  | 34,340 |  | 24,784 |
Fixed charges and preferred dividend, excluding interest on deposits |  | $ | 62,674 |  | $ | 75,228 |  | $ | 88,636 |  | $ | 126,464 |  | $ | 137,450 |
Interest on deposits |  | 63,496 |  | 75,895 |  | 107,110 |  | 116,737 |  | 129,477 |
Fixed charges and preferred dividend, including interest on deposits |  | $ | 126,170 |  | $ | 151,123 |  | $ | 195,746 |  | $ | 243,201 |  | $ | 266,927 |
Total earnings, fixed charges and preferred dividends, excluding interest on deposits |  | 488,524 |  | 500,820 |  | 471,970 |  | 382,373 |  | 242,172 |
Total earnings, fixed charges and preferred dividends, including interest on deposits |  | 552,020 |  | 576,715 |  | 579,080 |  | 499,110 |  | 371,649 |
Ratio of Earnings to Fixed Charges and Preferred Dividends |  |  |  |  |  |  |  |  |  |  |
Excluding interest on deposits |  | 7.79 |  | 6.66 |  | 5.32 |  | 3.02 |  | 1.76 |
Including interest on deposits |  | 4.38 |  | 3.82 |  | 2.96 |  | 2.05 |  | 1.39 |