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



|                                                  |  |                                |       |              |                          |   |              |                            |  |              |            |  |          |   |        |  |      |   |        |      |  |   |        |  |  |   |        |  |  |   |        |  |  |   |        | 
|------------------------------------------------- |  | ------------------------------ | ----- | ------------ | ------------------------ | - | ------------ | -------------------------- |  | ------------ | ---------- |  | -------- | - | ------ |  | ---- | - | ------ | ---- |  | - | ------ |  |  | - | ------ |  |  | - | ------ |  |  | - | ------ | 
|                                                  |  | Three MonthsEndedSeptember 30, |       |              | Six 
MonthsEndedJune 30, |   |              | Nine 
MonthsEndedSept. 30, |  |              | Year Ended | 
|                                                  |  |                                |       | Dec. 31,2009 |                          |   | Dec. 26,2008 |                            |  | Dec. 28,2007 |            |  | Dec. 31, |  
|($ in thousands)                                  |  | 2010                           |       |              | 2009                     |   |              | 2010                       |  |              | 2009       |  |          |   |        |  | 2006 |   |        | 2005 | 
|I.        Earnings:                               |  |                                |       |              |                          |   |              |                            |  |              |            |  |          |   |        |  |      |   |        |      |  |   |        |  |  |   |        |  |  |   |        |  |  |   |        | 
|Net income                                        |  | $                              | 4,333 |              |                          | $ | 3,299        |                            |  | $            | 7,073      |  |          | $ | 10,641 |  |      | $ | 13,887 |      |  | $ | 15,881 |  |  | $ | 19,410 |  |  | $ | 18,456 |  |  | $ | 16,176 | 
|Fixed charges excluding preferred stock dividends |  |                                |      |              |                          |   |             |                            |  |              |           |  |          |   |       |  |      |   |       |      |  |   |       |  |  |   |       |  |  |   |       |  |  |   |       | 
|                                                  |  |                                |       |              |                          |   |              |                            |  |              |            |  |          |   |        |  |      |   |        |      |  |   |        |  |  |   |        |  |  |   |        |  |  |   |        | 
|Earnings before fixed charges                     |  | $                              | 4,333 |              |                          | $ | 3,299        |                            |  | $            | 7,073      |  |          | $ | 10,641 |  |      | $ | 13,887 |      |  | $ | 15,881 |  |  | $ | 19,410 |  |  | $ | 18,456 |  |  | $ | 16,176 | 
|                                                  |  |                                |       |              |                          |   |              |                            |  |              |            |  |          |   |        |  |      |   |        |      |  |   |        |  |  |   |        |  |  |   |        |  |  |   |        | 
|II.      Fixed charges:                           |  |                                |       |              |                          |   |              |                            |  |              |            |  |          |   |        |  |      |   |        |      |  |   |        |  |  |   |        |  |  |   |        |  |  |   |        | 
|Preferred stock dividends                         |  | $                              | 2,531 |              |                          | $ | 2,531        |                            |  | $            | 5,062      |  |          | $ | 7,650  |  |      | $ | 10,181 |      |  | $ | 10,125 |  |  | $ | 13,540 |  |  | $ | 14,252 |  |  | $ | 14,252 | 
|                                                  |  |                                |       |              |                          |   |              |                            |  |              |            |  |          |   |        |  |      |   |        |      |  |   |        |  |  |   |        |  |  |   |        |  |  |   |        | 
|III.     Ratios of earnings to fixed charges      |  |                                | 1.71x |              |                          |   | 1.30x        |                            |  |              | 1.40x      |  |          |   | 1.39x  |  |      |   | 1.36x  |      |  |   | 1.57x  |  |  |   | 1.43x  |  |  |   | 1.30x  |  |  |   | 1.13x  | 
|                                                  |  |                                |       |              |                          |   |              |                            |  |              |            |  |          |   |        |  |      |   |        |      |  |   |        |  |  |   |        |  |  |   |        |  |  |   |        |