EXHIBIT 12 - ---------- PEOPLES BANCORP INC. ANNUAL REPORT ON FORM 10-K FOR FISCAL YEAR ENDED DECEMBER 31, 1995 COMPUTATION OF RATIOS - --------------------- NET INCOME PER SHARE Net income/Weighted average 				 common shares outstanding 				 CASH DIVIDENDS PER SHARE Dividends paid/Weighted average 				 common shares outstanding BOOK VALUE PER SHARE Total shareholders' equity/Weighted 				 average common shares outstanding RETURN ON AVERAGE ASSETS Net income/Average assets RETURN ON AVERAGE SHAREHOLDERS' EQUITY Net income/Average shareholders' equity NET INTEREST MARGIN Fully-tax equivalent net interest 				 income/Average earning assets NON-INTEREST EXPENSE TO AVERAGE ASSETS Non-interest expense/Average assets EFFICIENCY RATIO Total expenses/(Net interest income plus 				 non-interest income) AVERAGE LOANS TO AVERAGE DEPOSITS Average gross loans/Average deposits 				 outstanding DIVIDEND PAYOUT RATIO Dividends declared/Net income AVERAGE STOCKHOLDERS' EQUITY TO AVERAGE ASSETS Average stockholders' equity/ 				 Average assets PRIMARY CAPITAL TO PERIOD END TOTAL ASSETS (Stockholders' equity plus allowance 				 for loan losses less intangible 				 assets)/(Period end total assets plus 				 allowance for loan losses less 				 intangible assets) TIER 1 CAPITAL RATIO Shareholders' equity less intangible 				 assets less securities mark-to-market 				 capital reserve ("Tier 1 Capital")/ 				 Risk adjusted assets TOTAL CAPITAL RATIO Tier 1 Capital plus allowance for loan 				 blosses/Risk adjusted assets TIER 1 LEVERAGE RATIO Tier 1 Capital/Total assets NET CHARGE-OFFS TO AVERAGE LOANS (Gross chargeoffs less recoveries)/ 				 Average net loans NONPERFORMING LOANS AS A PERCENTAGE OF PERIOD END LOANS (Nonaccrual loans plus loans past 				 due 90 days or greater plus other 				 real estate owned)/(Gross loans 				 net of unearned interest) ALLOWANCE FOR LOAN LOSSES TO PERIOD END TOTAL LOANS Loan loss reserve/(Gross loans 				 net of unearned interest)