EXHIBIT 12

FIRST REPUBLIC PREFERRED CAPITAL CORPORATION

(A Majority Owned
Subsidiary of First Republic Bank)

STATEMENT OF COMPUTATION OF

RATIOS OF EARNINGS TO FIXED CHARGES



|                 |  |                                                   |  |                  |       |  |              |   |       |              |  |   |              |  |  |              |        |  |              |   |        |  |  |   |        | 
|---------------- |  | ------------------------------------------------- |  | ---------------- | ----- |  | ------------ | - | ----- | ------------ |  | - | ------------ |  |  | ------------ | ------ |  | ------------ | - | ------ |  |  | - | ------ | 
|                 |  |                                                   |  | Six Months Ended |       |  | Year Ended   |  
|                 |  |                                                   |  | Dec. 31,2010     |       |  | June 30,2010 |   |       | Dec. 31,2009 |  |   | Dec. 26,2008 |  |  | Dec. 28,2007 |        |  | Dec. 31,2006 |  
|($ in thousands) |  |                                                   |  |                  |       | 
|I.               |  | Earnings:                                         |  |                  |       |  |              |   |       |              |  |   |              |  |  |              |        |  |              |   |        |  |  |   |        | 
|                 |  | Net income                                        |  | $                | 9,314 |  |              | $ | 7,073 |              |  | $ | 13,887       |  |  | $            | 15,881 |  |              | $ | 19,410 |  |  | $ | 18,456 | 
|                 |  | Fixed charges excluding preferred stock dividends |  |                  |      |  |              |   |      |              |  |   |             |  |  |              |       |  |              |   |       |  |  |   |       | 
|                 |  |                                                   |  |                  |       |  |              |   |       |              |  |   |              |  |  |              |        |  |              |   |        |  |  |   |        | 
|                 |  | Earnings before fixed charges                     |  | $                | 9,314 |  |              | $ | 7,073 |              |  | $ | 13,887       |  |  | $            | 15,881 |  |              | $ | 19,410 |  |  | $ | 18,456 | 
|                 |  |                                                   |  |                  |       |  |              |   |       |              |  |   |              |  |  |              |        |  |              |   |        |  |  |   |        | 
|II.              |  | Fixed charges:                                    |  |                  |       |  |              |   |       |              |  |   |              |  |  |              |        |  |              |   |        |  |  |   |        | 
|                 |  | Preferred stock dividends                         |  | $                | 5,063 |  |              | $ | 5,062 |              |  | $ | 10,181       |  |  | $            | 10,125 |  |              | $ | 13,540 |  |  | $ | 14,252 | 
|                 |  |                                                   |  |                  |       |  |              |   |       |              |  |   |              |  |  |              |        |  |              |   |        |  |  |   |        | 
|III.             |  | Ratios of earnings to fixed charges               |  |                  | 1.84x |  |              |   | 1.40x |              |  |   | 1.36x        |  |  |              | 1.57x  |  |              |   | 1.43x  |  |  |   | 1.30x  | 
|                 |  |                                                   |  |                  |       |  |              |   |       |              |  |   |              |  |  |              |        |  |              |   |        |  |  |   |        |