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East West Bancorp, Inc.
Computation of Ratio of Earnings to Fixed Charges
| Year Ending December | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2007 | 2006 | 2005 | 2004 | 2003 | ||||||||||
| (Dollars in Thousands) | ||||||||||||||
Earnings | |||||||||||||||
Income before tax | $ | 262,259 | $ | 233,781 | $ | 170,361 | $ | 121,333 | $ | 89,660 | |||||
Add: Fixed charges, excluding interest on deposits | 128,123 | 95,325 | 39,996 | 16,419 | 6,545 | ||||||||||
Earnings available for fixed charges, excluding interest on deposits | $ | 390,382 | $ | 329,106 | $ | 210,357 | $ | 137,752 | $ | 96,205 | |||||
Add: Interest on deposits | 241,035 | 200,265 | 93,586 | 37,896 | 29,946 | ||||||||||
Earnings available for fixed charges, including interest on deposits | $ | 631,417 | $ | 529,371 | $ | 303,943 | $ | 175,648 | $ | 126,151 | |||||
Fixed Charges | |||||||||||||||
Interest expense, excluding interest on deposits | $ | 124,578 | $ | 92,303 | $ | 37,698 | $ | 15,001 | $ | 5,286 | |||||
Interest factor in net rental expense | 3,545 | 3,022 | 2,298 | 1,418 | 1,259 | ||||||||||
Total fixed charges, excluding interest on deposits | $ | 128,123 | $ | 95,325 | $ | 39,996 | $ | 16,419 | $ | 6,545 | |||||
Add: Interest on deposits | 241,035 | 200,265 | 93,586 | 37,896 | 29,946 | ||||||||||
Total fixed charges, including interest on deposits | $ | 369,158 | $ | 295,590 | $ | 133,582 | $ | 54,315 | $ | 36,491 | |||||
Ratio of Earnings to Fixed Charges | |||||||||||||||
Excluding interest on deposits | 3.05 | 3.45 | 5.26 | 8.39 | 14.70 | ||||||||||
Including interest on deposits | 1.71 | 1.79 | 2.28 | 3.23 | 3.46 |
East West Bancorp, Inc. Computation of Ratio of Earnings to Fixed Charges