|                                                                            |   |                                  |   |   |   |     |   |   |  **EXHIBIT              12** |   |
|---------------------------------------------------------------------------------|--------|---------------------------------------|--------|--------|--------|----------|--------|--------|-----------------------------------|--------|
|                                                                            |   |                                  |   |   |   |     |   |   |                              |   |
| **Republic                Bancorp Inc.**                                        |   |                                  |   |
| **Calculations                of Ratios of Earnings to Combined Fixed Charges** |   |                                  |   |
|                                                                            |   |                                  |   |   |   |     |   |   |                              |   |
|                                                                            |   |                                  |   |   |   |     |   |   |                              |   |
|                                                                            |   |                                  |   |   |   |     |   |   |                              |   |
|                                                                            |   | **Three                Months Ended** |   |   |   |     |
| (in                thousands)                                                   |   | **March                31,**          |   |   |   |     |
|                                                                            |   | **2006**                              |   |   |   | **2005** |   |   |                              |   |
| **Including                Interest on Deposits:**                              |   |                                  |   |   |   |     |   |   |                              |   |
|                                                                            |   |                                  |   |   |   |     |   |   |                              |   |
| Fixed                charges:                                                   |   |                                  |   |   |   |     |   |   |                              |   |   |   |   |   |
| Total                interest expense                                           |   | $                                     | 49,711 |   |   |     | $      | 37,513 |                              |   |   |   |   |   |
| Interest                portion of rent expense                                 |   |                                  | 199    |   |   |     |   | 200    |                              |   |   |   |   |   |
| Fixed                charges including interest on deposits                |   | $                                     | 49,910 |   |   |     | $      | 37,713 |                              |   |   |   |   |   |
|                                                                            |   |                                  |   |   |   |     |   |   |                              |   |   |   |   |   |
| Earnings:                                                                       |   |                                  |   |   |   |     |   |   |                              |   |   |   |   |   |
| Net                income                                                       |   | $                                     | 16,417 |   |   |     | $      | 17,307 |                              |   |   |   |   |   |
| Income                taxes                                                     |   |                                  | 7,178  |   |   |     |   | 7,687  |                              |   |   |   |   |   |
| Fixed                charges, as above                                          |   |                                  | 49,910 |   |   |     |   | 37,713 |                              |   |   |   |   |   |
| Earnings                for purposes of calculation                        |   | $                                     | 73,505 |   |   |     | $      | 62,707 |                              |   |   |   |   |   |
|                                                                            |   |                                  |   |   |   |     |   |   |                              |   |   |   |   |   |
| Ratio                of earnings to combined fixed charges including            |   |                                  |   |   |   |     |   |   |                              |   |   |   |   |   |
| interest                on deposits                                             |   |                                  | 1.47   |   | x      |     |   | 1.66   |                              | x      |   |   |   |   |
|                                                                            |   |                                  |   |   |   |     |   |   |                              |   |   |   |   |   |
|                                                                            |   |                                  |   |   |   |     |   |   |                              |   |   |   |   |   |
|                                                                            |   |                                  |   |   |   |     |   |   |                              |   |   |   |   |   |
| **Excluding                Interest on Deposits:**                              |   |                                  |   |   |   |     |   |   |                              |   |   |   |   |   |
|                                                                            |   |                                  |   |   |   |     |   |   |                              |   |   |   |   |   |
| Fixed                charges:                                                   |   |                                  |   |   |   |     |   |   |                              |   |   |   |   |   |
|                                                                            |   |                                  |   |   |   |     |   |   |                              |   |   |   |   |   |
| Total                interest expense excluding interest on deposits            |   | $                                     | 28,349 |   |   |     | $      | 22,325 |                              |   |   |   |   |   |
| Interest                portion of rent expense                                 |   |                                  | 199    |   |   |     |   | 200    |                              |   |   |   |   |   |
| Fixed                charges excluding interest on deposits                |   | $                                     | 28,548 |   |   |     | $      | 22,525 |                              |   |   |   |   |   |
|                                                                            |   |                                  |   |   |   |     |   |   |                              |   |   |   |   |   |
| Earnings:                                                                       |   |                                  |   |   |   |     |   |   |                              |   |   |   |   |   |
| Net                income                                                       |   | $                                     | 16,417 |   |   |     | $      | 17,307 |                              |   |   |   |   |   |
| Income                taxes                                                     |   |                                  | 7,178  |   |   |     |   | 7,687  |                              |   |   |   |   |   |
| Fixed                charges, as above                                          |   |                                  | 28,548 |   |   |     |   | 22,525 |                              |   |   |   |   |   |
| Earnings                for purposes of calculation                        |   | $                                     | 52,143 |   |   |     | $      | 47,519 |                              |   |   |   |   |   |
|                                                                            |   |                                  |   |   |   |     |   |   |                              |   |   |   |   |   |
| Ratio                of earnings to combined fixed charges excluding            |   |                                  |   |   |   |     |   |   |                              |   |   |   |   |   |
| interest                on deposits                                             |   |                                  | 1.83   |   | x      |     |   | 2.11   |                              | x      |   |   |   |   |
|                                                                            |   |                                  |   |   |   |     |   |   |                              |   |   |   |   |   |