Exhibit 12

PrivateBancorp, Inc.

Computation of Earnings to Fixed Charges

(Dollars in thousands)

	Six Months Ended June 30, 2012		Year Ended December 31
			2011		2010			2009			2008			2007
Earnings:
Income (loss) before income taxes	$	54,646	$	70,200	$	64		$	(50,380	)	$	(153,993	)	$	13,969
Fixed charges, excluding interest on deposits		11,381		23,947		32,931			42,112			38,277			26,841
Earnings before fixed charges, excluding interest on deposits	$	66,027	$	94,147	$	32,995		$	(8,268	)	$	(115,716	)	$	40,810
Interest on deposits		20,713		50,072		74,037			111,616			176,710			154,045
Earnings before fixed charges, including interest on deposits	$	86,740	$	144,219	$	107,032		$	103,348		$	60,994		$	194,855
Fixed Charges:
Interest expense, excluding interest on deposits	$	11,381	$	23,947	$	32,931		$	42,112		$	38,277		$	26,841
Interest on deposits		20,713		50,072		74,037			111,616			176,710			154,045
Total fixed charges, including interest on deposits	$	32,094	$	74,019	$	106,968		$	153,728		$	214,987		$	180,866
Fixed Charges and Preferred Stock Dividends:
Interest expense, excluding interest on deposits	$	11,381	$	23,947	$	32,931		$	42,112		$	38,277		$	26,841
Preferred stock dividends		6,878		13,690		13,607			12,443			546			107
Total fixed charges and preferred stock dividends,	$	18,259	$	37,637	$	46,538		$	54,555		$	38,823		$	26,948
Interest on deposits		20,713		50,072		74,037			111,616			176,710			154,045
Total fixed charges and preferred stock dividends, including interest on deposits	$	38,972	$	87,709	$	120,575		$	166,171		$	215,533		$	180,993
Ratio of Earnings to Fixed Charges:
Excluding interest on deposits		5.80 x		3.93 x		1.00 x			(a	)		(a	)		1.52 x
Including interest on deposits		2.70 x		1.95 x		1.00 x			(a	)		(a	)		1.08 x
Ratio of Earnings to Fixed Charges and Preferred Stock Dividends:
Excluding interest on deposits		3.62 x		2.50 x		(a	)		(a	)		(a	)		1.51 x
Including interest on deposits		2.23 x		1.64 x		(a	)		(a	)		(a	)		1.08 x
(a)Ratio is less than one; earnings are inadequate to cover fixed charges. The dollar amount of the coverage deficiency for the affected periods is presented below. The amount is the same whether including or excluding interest on deposits:
Coverage deficiency – earnings to fixed charges						na		$	(50,380	)	$	(153,993	)
Coverage deficiency – earnings to fixed charges and preferred stock dividend					$	(13,543	)	$	(62,823	)	$	(154,539	)