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EXHIBIT 12
EXHIBIT 12. STATEMENT RE: COMPUTATION OF RATIOS
BancWest Corporation and Subsidiaries
Computation of Consolidated Ratios of Earnings to Fixed Charges
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<CAPTION>
QUARTER ENDED NINE MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30,
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2000 1999 2000 1999
-------- -------- -------- --------
(dollars in thousands)
<S> <C> <C> <C> <C>
Income before income taxes $ 97,128 $ 65,076 $275,174 $213,981
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Fixed charges(1) :
Interest expense 148,226 112,794 407,871 330,382
Rental expense 4,438 3,869 11,975 11,274
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152,664 116,663 419,846 341,656
Less interest on deposits 120,389 93,677 330,200 271,057
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Net fixed charges 32,275 22,986 89,646 70,599
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Earnings, excluding
interest on deposits $129,403 $ 88,062 $364,820 $284,580
======== ======== ======== ========
Earnings, including
interest on deposits $249,792 $181,739 $695,020 $555,637
======== ======== ======== ========
Ratio of earnings to fixed charges:
Excluding interest on deposits 4.01X 3.83x 4.07X 4.03x
Including interest on deposits 1.64X 1.56x 1.66X 1.63x
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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.