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EXHIBIT 12.
STATEMENT RE: COMPUTATION OF RATIOS
BancWest Corporation and Subsidiaries
Computation of Consolidated Ratios of Earnings to Fixed Charges
THREE MONTHS ENDED
MARCH 31,
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2000 1999
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(dollars in thousands)
Income before income taxes $ 84,802 $ 74,597
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Fixed charges(1):
Interest expense 122,115 108,293
Rental expense 3,729 3,821
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125,844 112,114
Less interest on deposits 99,498 87,873
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Net fixed charges 26,346 24,241
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Earnings, excluding
interest on deposits $111,148 $ 98,838
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Earnings, including
interest on deposits $210,646 $186,711
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Ratio of earnings to fixed charges:
Excluding interest on deposits 4.22X 4.08x
Including interest on deposits 1.67X 1.67x
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(1) For purposes of computing the consolidated ratios of earnings to fixed
charges, earnings represent income before income taxes plus 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 one third) deemed representative of the interest factor.
Fixed charges, including interest on deposits, consists of the foregoing
items plus interest on deposits.