EXHIBIT 12 		PEOPLES BANCORP INC. ANNUAL REPORT ON FORM 10-K 	 FOR FISCAL YEAR ENDED DECEMBER 31, 1996 			 COMPUTATION OF RATIOS NET INCOME PER SHARE Net income/Weighted average common shares 				 outstanding CASH DIVIDENDS PER SHARE Cash dividends paid/Common shares 				 outstanding at date of declaration BOOK VALUE PER SHARE Total shareholders' equity/Common shares 			 outstanding at year-end RETURN ON AVERAGE ASSETS Net income/Average assets RETURN ON AVERAGE SHAREHOLDERS' Net income/Average shareholders' equity EQUITY 		 NET INTEREST MARGIN Fully-tax equivalent net interest 			 income/Average earning assets NON-INTEREST EXPENSE TO AVERAGE Non-interest expense/Average assets ASSETS 		 EFFICIENCY RATIO Total expenses/(Net interest income plus 				 non-interest income) AVERAGE LOANS TO AVERAGE DEPOSITS Average gross loans/Average deposits DIVIDEND PAYOUT RATIO Dividends declared/Net income AVERAGE STOCKHOLDERS' EQUITY TO Average stockholders' equity/ AVERAGE ASSETS Average assets PRIMARY CAPITAL TO PERIOD END (Stockholders' equity plus allowance TOTAL ASSETS 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 				 losses/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 (Nonaccrual loans plus loans past PERCENTAGE OF PERIOD END LOANS due 90 days or greater plus other 				 real estate owned)/Gross loans net 			 of unearned interest ALLOWANCE FOR LOAN LOSSES TO Allowance for loan losses/Gross PERIOD END TOTAL LOANS loans net of unearned interest