Bank of Hawaii (BOH) 10-Q 2009 Q3 Quarterly report

Exhibit 12

Bank of Hawaii Corporation and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges

				Nine Months Ended
				September 30,
(dollars in thousands)		2009				2008
Earnings:
Income Before Provision for Income Taxes		$	153,216			$	210,532
Add:	Fixed Charges Including Interest on Deposits	67,518				102,992
	Interest on Uncertain Tax Positions	—				(5,700		)
Total Earnings Including Fixed Charges and Interest on Deposits
	and Interest on Uncertain Tax Positions	220,734				307,824
Less:	Interest on Deposits	43,741				65,439
	Interest on Uncertain Tax Positions	—				(5,700		)
Total Earnings Excluding Interest on Deposits		$	176,993			$	248,085
Fixed Charges:
Fixed Charges Including Interest on Deposits		$	67,518			$	102,992
Add:	Interest on Uncertain Tax Positions	—				(5,700		)
Total Fixed Charges Including Interest on Deposits
	and Interest on Uncertain Tax Positions	67,518				97,292
Less:	Interest on Deposits	43,741				65,439
	Interest on Uncertain Tax Positions	—				(5,700		)
Total Fixed Charges Excluding Interest on Deposits		$	23,777			$	37,553
Ratio of Earnings to Fixed Charges:
Including Interest on Deposits and Interest on Uncertain Tax Positions		3.3			x	3.2		x
Excluding Interest on Deposits and Interest on Uncertain Tax Positions		7.4			x	6.6		x