**EXHIBIT
      12****Republic
      Bancorp Inc.****Computations
      of Ratios of Earnings to Combined Fixed Charges****Three
      Months Ended**
    
    
    **Nine
      Months Ended**(in
      thousands)
    
    **September
      30,**
    
    
    **September
      30,****2005**
    
    
    **2004**
    
    
    **2005**
    
    
    **2004****Including
      Interest on Deposits:**Fixed
      charges:Total
      interest expense
    
    $
    45,271
    
    
    
    
    $
    33,591
    
    
    
    
    $
    124,770
    
    
    
    
    $
    97,326Interest
      portion of rent expense
    
    
    193
    
    
    
    
    
    190
    
    
    
    
    
    578
    
    
    
    
    
    567Fixed
      charges including interest on deposits
    
    $
    45,464
    
    
    
    
    $
    33,781
    
    
    
    
    $
    125,348
    
    
    
    
    $
    97,893Earnings:Net
      income
    
    $
    17,222
    
    
    
    
    $
    17,213
    
    
    
    
    $
    52,004
    
    
    
    
    $
    49,880Income
      taxes
    
    
    6,571
    
    
    
    
    
    6,738
    
    
    
    
    
    21,761
    
    
    
    
    
    20,578Fixed
      charges, as above
    
    
    45,464
    
    
    
    
    
    33,781
    
    
    
    
    
    125,348
    
    
    
    
    
    97,893Earnings
      for purposes of calculation
    
    $
    69,257
    
    
    
    
    $
    57,732
    
    
    
    
    $
    199,113
    
    
    
    
    $
    168,351Ratio
      of earnings to combined fixed charges includinginterest on
      deposits
    
    
    1.52
    
    x
    
    
    
    1.71
    
    x
    
    
    
    1.59
    
    x
    
    
    
    1.72
    
    x**Excluding
      Interest on Deposits:**Fixed
      charges:Total
      interest expense excluding interest on deposits
    
    $
    26,153
    
    
    
    
    $
    20,567
    
    
    
    
    $
    73,797
    
    
    
    
    $
    58,598Interest
      portion of rent expense
    
    
    193
    
    
    
    
    
    190
    
    
    
    
    
    578
    
    
    
    
    
    567Fixed
      charges excluding interest on deposits
    
    $
    26,346
    
    
    
    
    $
    20,757
    
    
    
    
    $
    74,375
    
    
    
    
    $
    59,165Earnings:Net
      income
    
    $
    17,222
    
    
    
    
    $
    17,213
    
    
    
    
    $
    52,004
    
    
    
    
    $
    49,880Income
      taxes
    
    
    6,571
    
    
    
    
    
    6,738
    
    
    
    
    
    21,761
    
    
    
    
    
    20,578Fixed
      charges, as above
    
    
    26,346
    
    
    
    
    
    20,757
    
    
    
    
    
    74,375
    
    
    
    
    
    59,165Earnings
      for purposes of calculation
    
    $
    50,139
    
    
    
    
    $
    44,708
    
    
    
    
    $
    148,140
    
    
    
    
    $
    129,623Ratio
      of earnings to combined fixed charges includinginterest on
      deposits
    
    
    1.90
    
    x
    
    
    
    2.15
    
    x
    
    
    
    1.99
    
    x
    
    
    
    2.19
    
    x