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EXHIBIT 12
STATEMENT RE: COMPUTATION OF RATIOS
BancWest Corporation and Subsidiaries
Computation of Consolidated Ratios of Earnings to Fixed Charges
<TABLE>
<CAPTION>
THREE MONTHS ENDED SIX MONTHS ENDED
JUNE 30, JUNE 30,
---------------------- ----------------------
2000 1999 2000 1999
-------- -------- -------- --------
(dollars in thousands)
<S> <C> <C> <C> <C>
Income before income taxes $ 93,244 $ 74,308 $178,046 $148,905
-------- -------- -------- --------
Fixed charges(1):
Interest expense 137,530 109,295 259,645 217,588
Rental expense 3,808 3,756 7,537 7,577
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141,338 113,051 267,182 225,165
Less interest on deposits 110,313 89,507 209,811 177,380
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Net fixed charges 31,025 23,544 57,371 47,785
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Earnings, excluding
interest on deposits $124,269 $ 97,852 $235,417 $196,690
======== ======== ======== ========
Earnings, including
interest on deposits $234,582 $187,359 $445,228 $374,070
======== ======== ======== ========
Ratio of earnings to fixed charges:
Excluding interest on deposits 4.01X 4.16x 4.10X 4.12x
Including interest on deposits 1.66X 1.66x 1.67X 1.66x
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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.
