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EXHIBIT 12

BAY VIEW CAPITAL CORPORATION
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

|                                                                           |                                                                       |  |                  |        |           |  |       |          |  
|-------------------------------------------------------------------------- | --------------------------------------------------------------------- |  | ---------------- | ------ | --------- |  | ----- | -------- | -
|                                                                           |                                                                       |  | Six Months Ended
|                                                                           |                                                                       |  |                 
|                                                                           |                                                                       |  | 6/30/2002        |        | 6/30/2001
|                                                                           |                                                                       |  |                  |        |          
|Earnings:                                                                  |                                                                       |  |                  |        |           |  |       |         
|                                                                           | Earnings (loss) before income tax expense (benefit)                   |  |                  | 2,832  |           |  |       | (162,805 | )
|                                                                           | Add:                                                                  |  |                  |        |           |  |       |          |  
|                                                                           | Interest on advances and other borrowings                             |  |                  | 16,253 |           |  |       | 37,527   |  
|                                                                           | Interest component of rental expense                                  |  |                  | 1,065  |           |  |       | 1,122    |  
|                                                                           |                                                                       |  |                  |        |           |  |       |         
|                                                                           | Earnings before fixed charges excluding
interest on customer deposits |  |                  | 20,150 |           |  |       | (124,156 | )
|                                                                           | Interest on customer deposits                                         |  |                  | 28,531 |           |  |       | 83,374   |  
|                                                                           |                                                                       |  |                  |        |           |  |       |         
|                                                                           | Earnings before fixed charges                                         |  |                  | 48,681 |           |  |       | (40,782  | )
|                                                                           |                                                                       |  |                  |        |           |  |       |         
|Fixed Charges:                                                             |                                                                       |  |                  |        |           |  |       |         
|                                                                           | Interest on advances and other borrowings                             |  |                  | 16,253 |           |  |       | 37,527   |  
|                                                                           | Interest component of rental expense                                  |  |                  | 1,065  |           |  |       | 1,122    |  
|                                                                           |                                                                       |  |                  |        |           |  |       |         
|                                                                           | Fixed charges excluding interest on
customer deposits                 |  |                  | 17,318 |           |  |       | 38,649   |  
|                                                                           | Interest on customer deposits                                         |  |                  | 28,531 |           |  |       | 83,374   |  
|                                                                           |                                                                       |  |                  |        |           |  |       |         
|                                                                           | Total fixed charges                                                   |  |                  | 45,849 |           |  |       | 122,023  |  
|                                                                           |                                                                       |  |                  |        |           |  |       |         
|Ratio of earnings to fixed charges including interest
on customer deposits |                                                                       |  | 1.06             |        |           |  | (0.33 | )       
|Ratio of earnings to fixed charges excluding interest
on customer deposits |                                                                       |  | 1.16             |        |           |  | (3.21 | )