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