Old Kent Financial 10-Q 2000 Q2 Quarterly report

EXHIBIT 12 - RATIO OF EARNINGS TO FIXED CHARGES

OLD KENT FINANCIAL CORRPORATION
Ratio of Earnings to Fixed Charges

	Six Months Ended June 30		Years Ended December 31
	(dollar amounts in thousands)
	2000	1999	1999	1998	1997	1996	1995
Earnings
Income before income taxes	$166,551	$226,184	$428,581	$397,290	$374,711	$314,675	$298,663
Fixed charges	100,187	65,885	141,723	149,285	125,958	92,706	89,757
	$266,738	$292,069	$570,304	$546,575	$500,669	$407,381	$388,420
Fixed charges
Interest expense
(other than interest on    deposits)	$100,187	$65,885	$141,723	$149,285	$125,958	$92,706	$89,757
Interest factor in rent expense	--	--	--	--	--	--	--
Preferred stock dividend    requirements (gross up to    pretax basis based on 34%    effective tax rate)	561	561	1,121	1,121	1,121	1,424	1,676
Total combined fixed charges    and preferred stock dividend    requirements	$100,748	$66,446	$142,844	$150,406	$127,079	$94,130	$91,433
Ratio of earnings to fixed   charges, excluding interest   on deposits	2.66	4.43	4.02	3.66	3.97	4.39	4.33
Ratio of earnings to fixed   charges, and preferred stock   dividends, excluding interest   on deposits	2.65	4.40	3.99	3.63	3.94	4.33	4.25
Including Interest on Deposits
Earnings
Income before income taxes	$166,551	$226,184	$428,581	$397,290	$374,711	$314,675	$298,663
Fixed charges	407,094	339,152	688,245	726,027	722,055	662,873	627,761
	$573,645	$565,336	$1,116,826	$1,123,317	$1,096,766	$977,548	$926,424
Fixed charges:
Interest expense	$407,094	$339,152	$688,245	$726,027	$722,055	$662,873	$627,761
Interest factor in rent expense	--	--	--	--	--	--	--
Preferred stock dividend    requirements (gross up to    pretax basis based on 34%    effective tax rate)	561	561	1,121	1,121	1,121	1,424	1,676
Total combined fixed charges    and preferred stock dividend    requirements	$407,655	$339,713	$689,366	$727,148	$723,176	$664,297	$629,437
Ratio of earnings to fixed   charges, including interest   on deposits	1.41	1.67	1.62	1.55	1.52	1.47	1.48
Ratio of earnings to fixed   charges, and preferred stock   dividends, including interest   on deposits	1.41	1.66	1.62	1.54	1.52	1.47	1.47