EXHIBIT 12.1
CATHAY GENERAL BANCORP AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges and Preferred Stock Dividends
For the six months ended June 30, | For the Years Ended December 31, | |||||||||||||||||||||
(Dollars in thousands, except ratios) | 2009 | 2008 | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||
Income/(Loss) before income tax expense | $ | (35,313 | ) | $ | 69,293 | $ | 70,075 | $ | 196,660 | $ | 184,829 | $ | 166,481 | $ | 140,422 | |||||||
Plus fixed charges | 132,145 | 152,941 | 299,477 | 309,114 | 214,664 | 112,432 | 62,142 | |||||||||||||||
Earnings | 96,832 | 222,234 | 369,552 | 505,774 | 399,493 | 278,913 | 202,564 | |||||||||||||||
Fixed charges | 132,145 | 152,941 | 299,477 | 309,114 | 214,664 | 112,432 | 62,142 | |||||||||||||||
Preferred stock dividends | 8,464 | 301 | 1,750 | 610 | 610 | 611 | 593 | |||||||||||||||
Fixed charges and preferred stock dividends | $ | 140,609 | $ | 153,242 | $ | 301,227 | $ | 309,724 | $ | 215,274 | $ | 113,043 | $ | 62,735 | ||||||||
Ratio of earnings to fixed charges | 0.73 | 1.45 | 1.23 | 1.64 | 1.86 | 2.48 | 3.26 | |||||||||||||||
Ratio of earnings to fixed charges and preferred stock dividends | 0.69 | 1.45 | 1.23 | 1.63 | 1.86 | 2.47 | 3.23 |