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EXHIBIT 12

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


<TABLE>
<CAPTION>
                                                                                 Year Ended
                                                                         --------------------------
                                                                         12/31/02 (1)    12/31/2001
                                                                         ------------    ----------
<S>                                                                      <C>             <C>
Earnings:
                  Earnings (loss) before income tax expense (benefit)        67,662      (187,036)
                  Add:
                  Interest on advances and other borrowings                  29,155        54,535
                  Interest component of rental expense                        1,829         2,146
                                                                           --------      --------
                  Earnings (loss) before fixed charges excluding
                    interest on customer deposits                            98,646      (130,355)
                  Interest on customer deposits                              51,528       135,736
                                                                           --------      --------
                  Earnings before fixed charges                             150,174         5,381
                                                                           ========      ========


Fixed Charges:
                  Interest on advances and other borrowings                  29,155        54,535
                  Interest component of rental expense                        1,829         2,146
                                                                           --------      --------
                  Fixed charges excluding interest on
                    customer deposits                                        30,984        56,681
                  Interest on customer deposits                              51,528       135,736
                                                                           --------      --------
                  Total fixed charges                                        82,512       192,417
                                                                           ========      ========

Ratio of earnings to fixed charges including interest
  on customer deposits                                                         1.82          0.03

Ratio of earnings (loss) to fixed charges excluding interest
  on customer deposits                                                         3.18         (2.30)
</TABLE>




(1)  Amounts for the three months ended December 31, 2002 were prepared under
     the liquidation basis of accounting while the amounts for the first nine
     months of 2002 were presented on a going concern basis of accounting.