Associated Banc-Corp (ASB) S-3ASR Automatic shelf registration

Exhibit 12

STATEMENT RE COMPUTATION OF RATIOS
ASSOCIATED BANC-CORP
Computation of the Ratio of Earnings to Fixed Charges
($ in Thousands)

	Nine Months Ended Sept 30,				Year Ended December 31,
	2008		2007		2007		2006		2005		2004		2003
Earnings:
Income before income taxes	$	203,218	$	324,905	$	419,194	$	449,779	$	469,859	$	370,337	$	321,716
Fixed charges, excluding interest on deposits		140,308		176,016		233,243		250,303		212,629		99,003		95,957
Fixed charges, including interest on deposits		347,212		480,691		636,596		614,256		425,681		217,239		219,079
Adjusted earnings, excluding interest on deposits		343,526		500,921		652,437		700,082		682,488		469,340		417,673
Adjusted earnings, including interest on deposits		550,430		805,596		1,055,790		1,064,035		895,540		587,576		540,795
Fixed Charges:
Total interest expense	$	343,474	$	477,151	$	631,899	$	609,830	$	421,770	$	214,495	$	216,602
Interest on deposits		206,904		304,675		403,353		363,953		213,052		118,236		123,122
Interest expense component of net rent expense		3,738		3,540		4,697		4,426		3,911		2,744		2,477
Fixed charges, excluding interest on deposits		140,308		176,016		233,243		250,303		212,629		99,003		95,957
Fixed charges, including interest on deposits		347,212		480,691		636,596		614,256		425,681		217,239		219,079
Ratio of Earnings to Fixed Charges:
Excluding interest on deposits		2.45		2.85		2.80		2.80		3.21		4.74		4.35
Including interest on deposits		1.59		1.68		1.66		1.73		2.10		2.70		2.47