Pacific Century Financial Corporation
Exhibit 99 - Statement Regarding Computation of Ratios
Six Months Ended June 30
(in millions of dollars) 1998 1997
Earnings:
1. Income Before Income Taxes $57.5 $110.6
2. Plus: Fixed Charges Including Interest on Deposit 266.9 259.0
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3. Earnings Including Fixed Charges 324.4 369.6
4. Less: Interest on Deposits 160.7 157.3
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5. Earnings Excluding Interest on Deposits $163.7 $212.3
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Fixed Charges:
6. Fixed Charges Including Interest on Deposits $266.9 $259.0
7. Less: Interest on Deposits 160.7 157.3
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8. Fixed Charges Excluding Interest on Deposits $106.2 $101.7
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Ratio of Earnings to Fixed Charges:
Including Interest on Deposits (Line 3 divided by Line 6) 1.2 x 1.4 x
Excluding Interest on Deposits (Line 5 divided by Line 8) 1.5 x 2.1 x