Exhibit 12

PrivateBancorp, Inc.

Computation of Earnings to Fixed Charges

(Dollars in thousands)

	Quarter Ended March 31,			Year Ended December 31,
	2013			2012			2011			2010				2009			2008
Earnings:
Income (loss) before income taxes	$	44,188		$	132,417		$	70,200		$	64			$	(50,380	)	$	(153,993	)
Fixed charges, excluding interest on deposits	7,726			24,289			23,947			32,931				42,112			38,277
Earnings before fixed charges, excluding interest on deposits	51,914			156,706			94,147			32,995				(8,268		)	(115,716		)
Interest on deposits	10,643			42,814			50,072			74,037				111,616			176,710
Earnings before fixed charges, including interest on deposits	$	62,557		$	199,520		$	144,219		$	107,032			$	103,348		$	60,994
Fixed Charges:
Interest expense, excluding interest on deposits	$	7,726		$	24,289		$	23,947		$	32,931			$	42,112		$	38,277
Interest on deposits	10,643			42,814			50,072			74,037				111,616			176,710
Total fixed charges, including interest on deposits	$	18,369		$	67,103		$	74,019		$	106,968			$	153,728		$	214,987
Fixed Charges and Preferred Stock Dividends:
Interest expense, excluding interest on deposits	$	7,726		$	24,289		$	23,947		$	32,931			$	42,112		$	38,277
Preferred stock dividends	—			13,368			13,690			13,607				12,443			546
Total fixed charges and preferred stock dividends, excluding interest on deposits	7,726			37,657			37,637			46,538				54,555			38,823
Interest on deposits	10,643			42,814			50,072			74,037				111,616			176,710
Total fixed charges and preferred stock dividends, including interest on deposits	$	18,369		$	80,471		$	87,709		$	120,575			$	166,171		$	215,533
Ratio of Earnings to Fixed Charges:
Excluding interest on deposits	6.72		x	6.45		x	3.93		x	1.00			x	(a)			(a)
Including interest on deposits	3.41		x	2.97		x	1.95		x	1.00			x	(a)			(a)
Ratio of Earnings to Fixed Charges and Preferred Dividends:
Excluding interest on deposits	6.72		x	4.16		x	2.50		x	(a)				(a)			(a)
Including interest on deposits	3.41		x	2.48		x	1.64		x	(a)				(a)			(a)
(a) Ratios for the periods indicated were less than one, as earnings were inadequate to cover fixed charges. The dollar amount of the coverage deficiency for each affected period is presented below. The amount is the same whether including or excluding interest on deposits (dollars in thousands).
Coverage deficiency - earnings to fixed charges										—				$	(50,380	)	$	(153,993	)
Coverage deficiency - earnings to fixed charges and preferred stock dividends										$	(13,543	)		$	(62,823	)	$	(154,539	)