Exhibit 12.1
(Form 10-K)

Consolidated Ratio of Earnings to Combined Fixed Charges and Preference Dividends for Citizens Republic Bancorp, Inc.

	Year Ended December 31,
	2008			2007		2006		2005		2004
Income (loss) from continuing operations, before income tax		(322,082	)		132,147		82,655		112,106		81,269
Fixed charges:
Interest on short-term borrowings		8,029			34,316		16,017		25,929		9,574
Interest on long-term debt		123,067			134,222		46,083		36,417		33,618
Estimated interest component of net rental expense		1,992			2,258		1,120		1,196		1,040
Combined fixed charges and preferred stock dividends, excluding interest on deposits		133,088			170,796		63,220		63,542		44,232
Interest on deposits		220,883			257,194		147,132		85,154		63,389
Combined fixed charges and preferred stock dividends, including interest on deposits		353,971			427,990		210,352		148,696		107,621
Ratio of earnings to combined fixed charges and preferred stock dividend requirements:
Excluding interest on deposits		—	(a)		1.77		2.31		2.76		2.84
Including interest on deposits		0.09	(a)		1.31		1.39		1.75		1.76

(a) For the year ended December 31, 2008, earnings were insufficient to cover fixed charges by $322.1 million.