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Exhibit 12
BANCWEST CORPORATION AND SUBSIDIARIES COMPUTATION OF CONSOLIDATED RATIOS OF
EARNINGS TO FIXED CHARGES
NINE MONTHS ENDED
SEPTEMBER 30, YEAR ENDED DECEMBER 31,
--------------------- ------------------------------------------------------------
2000 1999 1999 1998 1997 1996 1995
(dollars in thousands)
Income before income taxes ........ $275,174 $213,981 $296,129 $144,901 $138,185 $123,716 $127,286
-------- -------- -------- -------- -------- -------- --------
Fixed charges (1):
Interest Expense ......... 407,871 330,382 446,877 315,822 281,232 270,755 279,269
Rental Expense ........... 11,975 11,274 15,017 13,659 12,502 6,574 6,345
-------- -------- -------- -------- -------- -------- --------
419,846 341,656 461,894 329,481 293,734 277,329 285,614
Less interest on deposits ......... 330,200 271,057 368,621 253,860 220,116 199,094 188,744
-------- -------- -------- -------- -------- -------- --------
Net fixed charges ........ 89,646 70,599 93,273 75,621 73,618 78,235 96,870
-------- -------- -------- -------- -------- -------- --------
Earnings, excluding
interest on deposits .... $364,820 $284,580 $389,402 $220,522 $211,803 $201,951 $224,156
======== ======== ======== ======== ======== ======== ========
Earnings, including
interest on deposits .... $695,020 $555,637 $758,023 $474,382 $431,919 $401,045 $412,900
======== ======== ======== ======== ======== ======== ========
Ratio of earnings to fixed charges:
Excluding interest on deposits .... 4.07 x 4.03 x 4.17 x 2.92 x 2.88 x 2.58 x 2.31 x
Including interest on deposits .... 1.66 x 1.63 x 1.64 x 1.44 x 1.47 x 1.45 x 1.45 x
(1)For purposes of computing the consolidated ratios of earnings to fixed
charges, earnings represent income before income taxes and fixed charges.
Fixed charges, excluding interest on deposits, include interest (other than
on deposits), whether expensed or capitalized, and that portion of rental
expense (generally on third) deemed representative of the interest factor.
Fixed charges, including interest on deposits, consist of the the foregoing
items plus interest on deposits.
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