EXHIBIT 12.1
CATHAY GENERAL BANCORP AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges and Preferred Stock Dividends
For the nine months ended September 30, | For the Years Ended December 31, | ||||||||||||||||||||
(Dollars in thousands) | 2008 | 2007 | 2007 | 2006 | 2005 | 2004 | 2003 | ||||||||||||||
Income before income tax expense | $ | 83,554 | $ | 148,945 | $ | 196,660 | $ | 184,829 | $ | 166,481 | $ | 140,422 | $ | 87,822 | |||||||
Plus fixed charges | 226,584 | 224,077 | 309,114 | 214,664 | 112,432 | 62,142 | 41,152 | ||||||||||||||
Earnings | 310,138 | 373,022 | 505,774 | 399,493 | 278,913 | 202,564 | 128,974 | ||||||||||||||
Fixed charges | 226,584 | 224,077 | 309,114 | 214,664 | 112,432 | 62,142 | 41,152 | ||||||||||||||
Preferred Dividends | 452 | 452 | 610 | 610 | 611 | 593 | 15 | ||||||||||||||
Fixed Charges and Preferred Dividends | $ | 227,036 | $ | 224,529 | $ | 309,724 | $ | 215,274 | $ | 113,043 | $ | 62,735 | $ | 41,167 | |||||||
Ratio of earnings to fixed charges | 1.37 | 1.66 | 1.64 | 1.86 | 2.48 | 3.26 | 3.13 | ||||||||||||||
Ratio of earnings to fixed charges and preferred dividends | 1.37 | 1.66 | 1.63 | 1.86 | 2.47 | 3.23 | 3.13 |