EXHIBIT 12(b) D&N CAPITAL CORPORATION Computation of ratio of earnings to fixed charges and preferred stock dividend requirements For the Six Months Ended June 30, 2000 (In thousands, except ratio) Net income $ 1,907 Fixed charges: Advisory fees 63 Total fixed charges 63 Earnings before fixed charges $ 1,970 Fixed charges, as above 63 Preferred stock dividend requirement 1,361 Fixed charges including preferred stock dividends $ 1,424 Ratio of earnings to fixed charges and preferred stock dividends requirements 1.38 - 14 -