HOPE BANCORP INC - FORM 10-K - EX-12.1 - COMPUTATION OF RATIO OF EARNINGS - February 18, 2011

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10-K - FORM 10-K - HOPE BANCORP INCd10k.htm
EX-23.1 - CONSENT OF CROWE HORWATH LLP - HOPE BANCORP INCdex231.htm
EX-99.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO INTERIM FINAL RULE - HOPE BANCORP INCdex992.htm
EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 - HOPE BANCORP INCdex312.htm
EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 906 - HOPE BANCORP INCdex321.htm
EX-99.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO INTERIM FINAL RULE - HOPE BANCORP INCdex991.htm
EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 906 - HOPE BANCORP INCdex322.htm
EX-14.1 - DIRECTOR CODE OF ETHICS AND BUSINESS CONDUCT - HOPE BANCORP INCdex141.htm
EX-14.2 - CODE OF ETHICS AND BUSINESS CONDUCT - HOPE BANCORP INCdex142.htm
EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 - HOPE BANCORP INCdex311.htm

Exhibit 12.1

Nara Bancorp, Inc.

Computation of Ratio of Earnings to Fixed Charges and Preferred Stock Dividends

 

     For the Year ended December 31,  
(Dollars in thousands)    2010     2009     2008      2007      2006  

Earnings excluding interest on deposits (1):

             

Earnings (losses) before income tax provision (benefit)

    $ (15,139 )    $ (11,922 )    $ 4,380       $ 55,798       $ 56,203   

Fixed charges

      16,417        17,210        18,709         12,666         7,494   
                                          
   $ 1,278      $ 5,288      $ 23,089       $ 68,464       $ 63,697   
                                          

Preferred dividends and discount accretion (2):

    $ 7,930      $ 7,904      $ 693       $ —         $ —     

Fixed charges (1) :

             

Interest on borrowings

    $ 12,099      $ 13,041      $ 13,932       $ 6,988       $ 2,311   

Interest on long-term debt, including amortization of debt issuance costs

      2,101        2,055        2,845         3,750         3,389   

Portion of long-term lease expense representative of the interest factor (3)

      2,217        2,114        1,932         1,928         1,794   
                                          
   $ 16,417      $ 17,210      $ 18,709       $ 12,666       $ 7,494   
                                          

Ratio of earnings (losses) to fixed charges

      0.08        0.31        1.23         5.41         8.50   
                                          

Ratio of earnings (losses) to fixed charges and preferred dividends and discount accretion

      0.05        0.21        1.19         5.41         8.50   
                                          

Earnings including interest on deposits (1):

             

Earnings (losses) before income tax provision (benefit)

    $ (15,139 )    $ (11,922 )    $ 4,380       $ 55,798       $ 56,203   

Fixed charges

      44,299        67,846        72,789         80,913         63,051   
                                          
   $ 29,160      $ 55,924      $ 77,169       $ 136,711       $ 119,254   
                                          

Preferred dividends and discount accretion (2):

    $ 7,930      $ 7,904      $ 693       $ —         $ —     

Fixed charges (1):

             

Interest on borrowings and deposits

    $ 39,981      $ 63,677      $ 68,012       $ 75,235       $ 57,868   

Interest on long-term debt, including amortization of debt issuance costs

      2,101        2,055        2,845         3,750         3,389   

Portion of long-term lease expense representative of the interest factor (3)

      2,217        2,114        1,932         1,928         1,794   
                                          
   $ 44,299      $ 67,846      $ 72,789       $ 80,913       $ 63,051   
                                          

Ratio of earnings (losses) to fixed charges

      0.66        0.82        1.06         1.69         1.89   
                                          

Ratio of earnings (losses) to fixed charges and preferred dividends and discount accretion

      0.56        0.74        1.05         1.69         1.89   
                                          

Amount of Coverage Deficiency

             

Excluding interest on deposits

    $ 23,069      $ 19,826      $ —         $ —         $ —     

Including interest on deposits

    $ 23,069      $ 19,826      $ —         $ —         $ —     

 

(1) As defined in Item 503(d) of Regulation S-K
(2) Increased to amounts representing the pretax earnings (losses) that would be required to cover such dividend requirements.
(3) The interest factor is estimated to be one-third of long-term lease expense.

HOPE BANCORP INC Reports