|                                                                                          |   |                                    |   |   |                                        |     |   |   |   |      |   |   |   | **EXHIBIT                  12** |
|-----------------------------------------------------------------------------------------------|--------|-----------------------------------------|--------|--------|---------------------------------------------|----------|--------|--------|--------|----------------|--------|--------|--------|---------------------------------|
|                                                                                          |   |                                    |   |   |                                        |     |   |   |   |      |   |   |   |                            |   |   |   |
| **Republic                  Bancorp Inc.**                                          |   |                                    |
| **Calculations                  of Ratios of Earnings to Combined Fixed Charges**   |   |                                    |
|                                                                                          |   |                                    |   |   |                                        |     |   |   |   |      |   |   |   |                            |   |   |   |
|                                                                                          |   |                                    |   |   |                                        |     |   |   |   |      |   |   |   |                            |   |   |   |
|                                                                                          |   |                                    |   |   |                                        |     |   |   |   |      |   |   |   |                            |   |   |   |
|                                                                                          |   | **Three                  Months Ended** |   |   |  **Six                  Months Ended** |     |   |
| (in                  thousands)                                                               |   | **June                  30,**           |   |   |  **June                  30,**         |     |   |
|                                                                                          |   | **2006**                                |   |   |                                        | **2005** |   |   |   |  **2006** |   |   |   | **2005**                        |   |   |   |
| **Including                  Interest on Deposits:**                                          |   |                                    |   |   |                                        |     |   |   |   |      |   |   |   |                            |   |   |   |
|                                                                                          |   |                                    |   |   |                                        |     |   |   |   |           |   |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Fixed                  charges:                                                               |   |                                    |   |   |                                        |     |   |   |   |           |   |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Total                  interest expense                                                       |   | $                                       | 55,154 |   |                                        |     |   | $      | 41,986 |           |   |   |   | $                               | 104,865 |   |   |   |   | $ | 79,499 |   |   |   |   |
| Interest                  portion of rent expense                                             |   |                                    | 180    |   |                                        |     |   |   | 185    |           |   |   |   |                            | 380 |   |   |   |   |   | 385 |   |   |   |   |
| Fixed                  charges including interest on deposits                            |   | $                                       | 55,334 |   |                                        |     |   | $      | 42,171 |           |   |   |   | $                               | 105,245 |   |   |   |   | $ | 79,884 |   |   |   |   |
|                                                                                          |   |                                    |   |   |                                        |     |   |   |   |           |   |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Earnings:                                                                                     |   |                                    |   |   |                                        |     |   |   |   |           |   |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Net                  income                                                                   |   | $                                       | 16,396 |   |                                        |     |   | $      | 17,475 |           |   |   |   | $                               | 32,813 |   |   |   |   | $ | 34,782 |   |   |   |   |
| Income                  taxes                                                                 |   |                                    | 7,197  |   |                                        |     |   |   | 7,503  |           |   |   |   |                            | 14,375 |   |   |   |   |   | 15,190 |   |   |   |   |
| Fixed                  charges, as above                                                      |   |                                    | 55,334 |   |                                        |     |   |   | 42,171 |           |   |   |   |                            | 105,245 |   |   |   |   |   | 79,884 |   |   |   |   |
| Earnings                  for purposes of calculation                                    |   | $                                       | 78,927 |   |                                        |     |   | $      | 67,149 |           |   |   |   | $                               | 152,433 |   |   |   |   | $ | 129,856 |   |   |   |   |
|                                                                                          |   |                                    |   |   |                                        |     |   |   |   |           |   |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Ratio                  of earnings to combined fixed charges including                        |   |                                    |   |   |                                        |     |   |   |   |           |   |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| interest                  on deposits                                                         |   |                                    | 1.43   |   |                                        | x        |   |   | 1.59   |           |   | x      |   |                            | 1.45 |   |   | x |   |   | 1.63 |   |   | x |   |
|                                                                                          |   |                                    |   |   |                                        |     |   |   |   |           |   |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                          |   |                                    |   |   |                                        |     |   |   |   |           |   |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                          |   |                                    |   |   |                                        |     |   |   |   |           |   |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| **Excluding                  Interest on Deposits:**                                          |   |                                    |   |   |                                        |     |   |   |   |           |   |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                          |   |                                    |   |   |                                        |     |   |   |   |           |   |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Fixed                  charges:                                                               |   |                                    |   |   |                                        |     |   |   |   |           |   |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                          |   |                                    |   |   |                                        |     |   |   |   |           |   |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Total                  interest expense excluding interest on deposits                        |   | $                                       | 32,354 |   |                                        |     |   | $      | 25,319 |           |   |   |   | $                               | 60,703 |   |   |   |   | $ | 47,644 |   |   |   |   |
| Interest                  portion of rent expense                                             |   |                                    | 180    |   |                                        |     |   |   | 185    |           |   |   |   |                            | 380 |   |   |   |   |   | 385 |   |   |   |   |
| Fixed                  charges excluding interest on deposits                            |   | $                                       | 32,534 |   |                                        |     |   | $      | 25,504 |           |   |   |   | $                               | 61,083 |   |   |   |   | $ | 48,029 |   |   |   |   |
|                                                                                          |   |                                    |   |   |                                        |     |   |   |   |           |   |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Earnings:                                                                                     |   |                                    |   |   |                                        |     |   |   |   |           |   |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Net                  income                                                                   |   | $                                       | 16,396 |   |                                        |     |   | $      | 17,475 |           |   |   |   | $                               | 32,813 |   |   |   |   | $ | 34,782 |   |   |   |   |
| Income                  taxes                                                                 |   |                                    | 7,197  |   |                                        |     |   |   | 7,503  |           |   |   |   |                            | 14,375 |   |   |   |   |   | 15,190 |   |   |   |   |
| Fixed                  charges, as above                                                      |   |                                    | 32,534 |   |                                        |     |   |   | 25,504 |           |   |   |   |                            | 61,083 |   |   |   |   |   | 48,029 |   |   |   |   |
| Earnings                  for purposes of calculation                                    |   | $                                       | 56,127 |   |                                        |     |   | $      | 50,482 |           |   |   |   | $                               | 108,271 |   |   |   |   | $ | 98,001 |   |   |   |   |
|                                                                                          |   |                                    |   |   |                                        |     |   |   |   |           |   |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Ratio                  of earnings to combined fixed charges excluding                        |   |                                    |   |   |                                        |     |   |   |   |           |   |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| interest                  on deposits                                                         |   |                                    | 1.73   |   |                                        | x        |   |   | 1.98   |           |   | x      |   |                            | 1.77 |   |   | x |   |   | 2.04 |   |   | x |   |
|                                                                                          |   |                                    |   |   |                                        |     |   |   |   |           |   |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |