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                                                                      EXHIBIT 12

                          BAY VIEW CAPITAL CORPORATION
            COMPUTATION OF RATIOS OF EARNINGS (LOSS) TO FIXED CHARGES

<TABLE>
<CAPTION>
                                                               For the Year    For the Three    For the Nine
                                                                  Ended        Months Ended    Months Ended
                                                               December 31,     December 31,    September 30,
                                                               -------------   -------------   --------------
                                                                   2004            2003             2003
                                                               -------------   -------------   --------------
                                                               Going Concern   Going Concern    Liquidation
                                                                   Basis           Basis           Basis
                                                               -------------   -------------   --------------
                                                                         (Dollars in thousands)
<S>                                                            <C>             <C>             <C>
Earnings:
   Loss before income tax benefit                                  (6,438)          (857)         (10,590)
   Add:
   Interest on advances and other borrowings                        1,044          3,612            7,708
   Interest component of rental expense                               236             74              160
                                                                  -------          -----           ------
   Earnings (loss) before fixed charges excluding
     interest on customer deposits                                 (5,158)         2,829           (2,722)
   Interest on customer deposits                                        -              -              703
                                                                  -------          -----           ------
   Earnings before fixed charges                                   (5,158)         2,829           (2,019)
                                                                  =======          =====           ======

Fixed Charges:
   Interest on advances and other borrowings                        1,044          3,612            7,708
   Interest component of rental expense                               236             74              160
                                                                  -------          -----           ------
   Fixed charges excluding interest on
     customer deposits                                              1,280          3,686            7,868
   Interest on customer deposits                                        -              -              703
                                                                  -------          -----           ------
   Total fixed charges                                              1,280          3,686            8,571
                                                                  =======          =====           ======

Ratio of earnings (loss) to fixed charges including interest
  on customer deposits                                              (4.03)          0.77            (0.24)

Ratio of earnings (loss) to fixed charges excluding interest
  on customer deposits                                              (4.03)          0.77            (0.35)
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