Exhibit 12
Bank of Hawaii Corporation and Subsidiaries
Statement Regarding Computation of Ratios
|
| Three Months Ended |
| ||
(dollars in thousands) |
| March 31, 2005 |
| March 31, 2004 |
|
Earnings: |
|
|
|
|
|
1. Income Before Income Taxes |
| $72,110 |
| $61,851 |
|
2. Plus: Fixed Charges Including Interest on Deposits |
| 19,500 |
| 15,725 |
|
3. Earnings Including Fixed Charges |
| 91,610 |
| 77,576 |
|
4. Less: Interest on Deposits |
| 11,604 |
| 9,200 |
|
5. Earnings Excluding Interest on Deposits |
| $80,006 |
| $68,376 |
|
|
|
|
|
|
|
Fixed Charges: |
|
|
|
|
|
6. Fixed Charges Including Interest on Deposits |
| $19,500 |
| $15,725 |
|
7. Less: Interest on Deposits |
| 11,604 |
| 9,200 |
|
8. Fixed Charges Excluding Interest on Deposits |
| $7,896 |
| $6,525 |
|
|
|
|
|
|
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Ratio of Earnings to Fixed Charges: |
|
|
|
|
|
Including Interest on Deposits (Line 3 divided by Line 6) |
| 4.7 x |
| 4.9 x |
|
Excluding Interest on Deposits (Line 5 divided by Line 8) |
| 10.1 x |
| 10.5 x |
|