Bank of Hawaii Corporation
Exhibit 12 - Statement Regarding Computation of Ratios
Three Months Ended March 31, 2002 & 2001
(dollars in millions) 2002 2001
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Earnings:
1. Income Before Income Taxes $48.2 $60.9
2. Plus: Fixed Charges Including Interest on Deposits 42.7 120.8
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3. Earnings Including Fixed Charges 90.9 181.7
4. Less: Interest on Deposits 24.0 72.0
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5. Earnings Excluding Interest on Deposits $66.9 $109.7
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Fixed Charges:
6. Fixed Charges Including Interest on Deposits $42.7 $120.8
7. Less: Interest on Deposits 24.0 72.0
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8. Fixed Charges Excluding Interest on Deposits $18.7 $48.8
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Ratio of Earnings to Fixed Charges:
Including Interest on Deposits (Line 3 divided by Line 6) 2.1 x 1.5 x
Excluding Interest on Deposits (Line 5 divided by Line 8) 3.6 x 2.2 x
36