|                                                                                                     |   |                                  |   |   |                                       |     |   |   |   |      |    |   |   | **EXHIBIT                12** |    |
|----------------------------------------------------------------------------------------------------------|--------|---------------------------------------|--------|--------|--------------------------------------------|----------|--------|--------|--------|----------------|---------|--------|--------|-------------------------------|---------|
|                                                                                                     |   |                                  |   |   |                                       |     |   |   |   |      |    |   |   |                          |    |   |   |
| **Republic                Bancorp Inc.**                                                       |   |                                  |
| **Calculations                of Ratios of Earnings to Combined Fixed Charges**                |   |                                  |
|                                                                                                     |   |                                  |   |   |                                       |     |   |   |   |      |    |   |   |                          |    |   |   |
|                                                                                                     |   |                                  |   |   |                                       |     |   |   |   |      |    |   |   |                          |    |   |   |
|                                                                                                     |   |                                  |   |   |                                       |     |   |   |   |      |    |   |   |                          |    |   |   |
|                                                                                                     |   | **Three                Months Ended** |   |   |  **Nine                Months Ended** |     |   |
| (in                thousands)                                                                            |   | **September                30,**      |   |   |  **September                30,**     |     |   |
|                                                                                                     |   | **2006**                              |   |   |                                       | **2005** |   |   |   |  **2006** |    |   |   | **2005**                      |    |   |   |
| **Including                Interest on Deposits:**                                                       |   |                                  |   |   |                                       |     |   |   |   |      |    |   |   |                          |    |   |   |
|                                                                                                     |   |                                  |   |   |                                       |     |   |   |   |      |    |   |   |                          |    |   |   |
| Fixed                charges:                                                                            |   |                                  |   |   |                                       |     |   |   |   |           |    |   |   |                          |    |   |   |   |   |   |   |   |   |   |   |
| Total                interest expense                                                                    |   | $                                     | 59,652 |   |                                       |     |   | $      | 45,271 |           |    |   |   | $                             | 164,517 |   |   |   |   | $ | 124,770 |   |   |   |   |
| Interest                portion of rent expense                                                          |   |                                  | 179    |   |                                       |     |   |   | 193    |           |    |   |   |                          | 558     |   |   |   |   |   | 578 |   |   |   |   |
| Fixed                charges including interest on deposits                                         |   | $                                     | 59,831 |   |                                       |     |   | $      | 45,464 |           |    |   |   | $                             | 165,075 |   |   |   |   | $ | 125,348 |   |   |   |   |
|                                                                                                     |   |                                  |   |   |                                       |     |   |   |   |           |    |   |   |                          |    |   |   |   |   |   |   |   |   |   |   |
| Earnings:                                                                                                |   |                                  |   |   |                                       |     |   |   |   |           |    |   |   |                          |    |   |   |   |   |   |   |   |   |   |   |
| Net                income                                                                                |   | $                                     | 16,208 |   |                                       |     |   | $      | 17,222 |           |    |   |   | $                             | 49,021  |   |   |   |   | $ | 52,004 |   |   |   |   |
| Income                taxes                                                                              |   |                                  | 6,847  |   |                                       |     |   |   | 6,571  |           |    |   |   |                          | 21,222  |   |   |   |   |   | 21,761 |   |   |   |   |
| Fixed                charges, as above                                                                   |   |                                  | 59,831 |   |                                       |     |   |   | 45,464 |           |    |   |   |                          | 165,075 |   |   |   |   |   | 125,348 |   |   |   |   |
| Earnings                for purposes of calculation                                                 |   | $                                     | 82,886 |   |                                       |     |   | $      | 69,257 |           |    |   |   | $                             | 235,318 |   |   |   |   | $ | 199,113 |   |   |   |   |
|                                                                                                     |   |                                  |   |   |                                       |     |   |   |   |           |    |   |   |                          |    |   |   |   |   |   |   |   |   |   |   |
| Ratio                of earnings to combined fixed charges including interest on                deposits |   |                                  | 1.39   |   |  x                                    |     |   |   | 1.52   |           |  x |   |   |                          | 1.43    |   |  x |   |   |   | 1.59 |   |  x |   |   |
|                                                                                                     |   |                                  |   |   |                                       |     |   |   |   |           |    |   |   |                          |    |   |   |   |   |   |   |   |   |   |   |
|                                                                                                     |   |                                  |   |   |                                       |     |   |   |   |           |    |   |   |                          |    |   |   |   |   |   |   |   |   |   |   |
|                                                                                                     |   |                                  |   |   |                                       |     |   |   |   |           |    |   |   |                          |    |   |   |   |   |   |   |   |   |   |   |
| **Excluding                Interest on Deposits:**                                                       |   |                                  |   |   |                                       |     |   |   |   |           |    |   |   |                          |    |   |   |   |   |   |   |   |   |   |   |
|                                                                                                     |   |                                  |   |   |                                       |     |   |   |   |           |    |   |   |                          |    |   |   |   |   |   |   |   |   |   |   |
| Fixed                charges:                                                                            |   |                                  |   |   |                                       |     |   |   |   |           |    |   |   |                          |    |   |   |   |   |   |   |   |   |   |   |
|                                                                                                     |   |                                  |   |   |                                       |     |   |   |   |           |    |   |   |                          |    |   |   |   |   |   |   |   |   |   |   |
| Total                interest expense excluding interest on deposits                                     |   | $                                     | 33,776 |   |                                       |     |   | $      | 26,153 |           |    |   |   | $                             | 94,479  |   |   |   |   | $ | 73,797 |   |   |   |   |
| Interest                portion of rent expense                                                          |   |                                  | 179    |   |                                       |     |   |   | 193    |           |    |   |   |                          | 558     |   |   |   |   |   | 578 |   |   |   |   |
| Fixed                charges excluding interest on deposits                                         |   | $                                     | 33,955 |   |                                       |     |   | $      | 26,346 |           |    |   |   | $                             | 95,037  |   |   |   |   | $ | 74,375 |   |   |   |   |
|                                                                                                     |   |                                  |   |   |                                       |     |   |   |   |           |    |   |   |                          |    |   |   |   |   |   |   |   |   |   |   |
| Earnings:                                                                                                |   |                                  |   |   |                                       |     |   |   |   |           |    |   |   |                          |    |   |   |   |   |   |   |   |   |   |   |
| Net                income                                                                                |   | $                                     | 16,208 |   |                                       |     |   | $      | 17,222 |           |    |   |   | $                             | 49,021  |   |   |   |   | $ | 52,004 |   |   |   |   |
| Income                taxes                                                                              |   |                                  | 6,847  |   |                                       |     |   |   | 6,571  |           |    |   |   |                          | 21,222  |   |   |   |   |   | 21,761 |   |   |   |   |
| Fixed                charges, as above                                                                   |   |                                  | 33,955 |   |                                       |     |   |   | 26,346 |           |    |   |   |                          | 95,037  |   |   |   |   |   | 74,375 |   |   |   |   |
| Earnings                for purposes of calculation                                                 |   | $                                     | 57,010 |   |                                       |     |   | $      | 50,139 |           |    |   |   | $                             | 165,280 |   |   |   |   | $ | 148,140 |   |   |   |   |
|                                                                                                     |   |                                  |   |   |                                       |     |   |   |   |           |    |   |   |                          |    |   |   |   |   |   |   |   |   |   |   |
| Ratio                of earnings to combined fixed charges excluding interest on deposits                |   |                                  | 1.68   |   |  x                                    |     |   |   | 1.90   |           |  x |   |   |                          | 1.74    |   |  x |   |   |   | 1.99 |   |  x |   |   |
|                                                                                                     |   |                                  |   |   |                                       |     |   |   |   |           |    |   |   |                          |    |   |   |   |   |   |   |   |   |   |   |
|                                                                                                     |   |                                  |   |   |                                       |     |   |   |   |           |    |   |   |                          |    |   |   |   |   |   |   |   |   |   |   |