Old Kent Financial 10-Q 2000 Q3 Quarterly report

EXHIBIT 12 - RATIO OF EARNINGS TO FIXED CHARGES

OLD KENT FINANCIAL CORRPORATION
Ratio of Earnings to Fixed Charges

	Nine Months Ended September 30		Years Ended December 31
	(dollar amounts in thousands)
	2000	1999	1999	1998	1997	1996	1995
Earnings:
Income before income taxes	$284,994	$317,252	$428,581	$397,290	$374,711	$314,675	$298,663
Add back fixed charges	157,400	103,095	141,723	149,285	125,958	92,706	89,757
	$442,394	$420,347	$570,304	$546,575	$500,669	$407,381	$388,420
Fixed charges:
Interest expense
(other than interest on    deposits)	$157,400	$103,095	$141,723	$149,285	$125,958	$92,706	$89,757
Interest factor in rent expense	--	--	--	--	--	--	--
Total fixed charges	$157,400	$103,095	$141,723	$149,285	$125,958	$92,706	$89,757
Preferred stock dividend    (gross up to pre-tax basis    based on 34% effective    tax rate)	841	841	1,121	1,121	1,121	1,424	1,676
Total fixed charges and    preferred stock dividend	$158,241	$103,936	$142,844	$150,406	$127,079	$94,130	$91,433
Ratio of earnings to fixed   charges, excluding interest   on deposits	2.81	4.08	4.02	3.66	3.97	4.39	4.33
Ratio of earnings to fixed   charges and preferred stock   dividends, excluding interest   on deposits	2.80	4.04	3.99	3.63	3.94	4.33	4.25
Including Interest on Deposits
Earnings:
Income before income taxes	$284,994	$317,252	$428,581	$397,290	$374,711	$314,675	$298,663
Add back fixed charges	644,423	510,125	688,245	726,027	722,055	662,873	627,761
	$929,417	$827,377	$1,116,826	$1,123,317	$1,096,766	$977,548	$926,424
Fixed charges:
Interest expense	$644,423	$510,125	$688,245	$726,027	$722,055	$662,873	$627,761
Interest factor in rent expense	--	--	--	--	--	--	--
Total fixed charges	$644,423	$510,125	$688,245	$726,027	$722,055	$662,873	$627,761
Preferred stock dividend    (gross up to pre-tax basis    based on 34% effective    tax rate)	841	841	1,121	1,121	1,121	1,424	1,676
Total fixed charges and    preferred stock dividend	$645,264	$510,966	$689,366	$727,148	$723,176	$664,297	$629,437
Ratio of earnings to fixed   charges, including interest   on deposits	1.44	1.62	1.62	1.55	1.52	1.47	1.48
Ratio of earnings to fixed   charges and preferred stock   dividends, including interest   on deposits	1.44	1.62	1.62	1.54	1.52	1.47	1.47