EXHIBIT 12        
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PEOPLES BANCORP INC. ANNUAL REPORT ON FORM 10-K
FOR FISCAL YEAR ENDED DECEMBER 31, 1995


COMPUTATION OF RATIOS
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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)