Exhibit 12
Bank of Hawaii Corporation and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges (Unaudited)
|
| Nine Months Ended |
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|
| September 30, |
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(dollars in thousands) |
| 2007 |
| 2006 |
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Earnings: |
|
|
|
|
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Income Before Provision for Income Taxes |
| $ | 222,332 |
| $ | 218,088 |
| |
Add: | Fixed Charges Including Interest on Deposits |
| 156,129 |
| 120,724 |
| ||
| Interest on FIN 48 Liabilities |
| (200) |
| - |
| ||
Total Earnings Including Fixed Charges and Interest on Deposits and Interest on FIN 48 Liabilities |
| 378,261 |
| 338,812 |
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Less: | Interest on Deposits |
| 104,689 |
| 72,753 |
| ||
| Interest on FIN 48 Liabilities |
| (200) |
| - |
| ||
Total Earnings Excluding Interest on Deposits and Interest on FIN 48 Liabilities |
| $ | 273,772 |
| $ | 266,059 |
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|
|
|
|
|
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Fixed Charges: |
|
|
|
|
| |||
Fixed Charges Including Interest on Deposits |
| $ | 156,129 |
| $ | 120,724 |
| |
Add: | Interest on FIN 48 Liabilities |
| (200) |
| - |
| ||
Total Fixed Charges Including Interest on Deposits and Interest on FIN 48 Liabilities |
| 155,929 |
| 120,724 |
| |||
Less: | Interest on Deposits |
| 104,689 |
| 72,753 |
| ||
| Interest on FIN 48 Liabilities |
| (200) |
| - |
| ||
Total Fixed Charges Excluding Interest on Deposits and Interest on FIN 48 Liabilities |
| $ | 51,440 |
| $ | 47,971 |
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|
|
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|
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Ratio of Earnings to Fixed Charges: |
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|
|
|
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Including Interest on Deposits and Interest on FIN 48 Liabilities |
| 2.4x |
| 2.8x |
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Excluding Interest on Deposits and Interest on FIN 48 Liabilities |
| 5.3x |
| 5.5x |
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