Exhibit 12.1

Statement re Computation of Ratios

German American Bancorp, Inc.

Ratios of Earnings to Fixed Charges through March 31, 2011

	Three Months Ended March 31, 2011		Year Ended December 31, 2010		Year Ended December 31, 2009		Year Ended December 31, 2008		Year Ended December 31, 2007		Year Ended December 31, 2006
Ratio of earnings to fixed charges:
Excluding interest on deposits		6.67		4.75		3.79		4.19		3.10		3.32
Including interest on deposits		2.34		2.22		1.84		1.68		1.40		1.52
Earnings:
Consolidated Income	$	4,645	$	13,405	$	12,218	$	12,803	$	9,405	$	10,221
Income Taxes		1,306		5,623		4,013		5,638		4,102		3,984
Income Before Taxes		5,951		19,028		16,231		18,441		13,507		14,205
Fixed Charges including deposit interest:
Interest Expense - Non-deposits		1,019		4,961		5,728		5,696		6,357		6,069
Interest Expense - Deposits		3,393		10,561		13,495		21,212		27,289		21,329
Estimated Interest Component of Rent		30		110		89		82		79		42
		4,442		15,632		19,312		26,990		33,725		27,440
Fixed Charges excluding deposit interest:
Interest Expense - Non-deposits		1,019		4,961		5,728		5,696		6,357		6,069
Estimated Interest Component of Rent		30		110		89		82		79		42
		1,049		5,071		5,817		5,778		6,436		6,111
Estimated Interest Component of Rent:
Lease Payments	$	89	$	329	$	268	$	245	$	237	$	125
Industry Standard - use 1/3 of actual cost for interest		30		110		89		82		79		42