Exhibit 12.1

Statement re Computation of Ratios

German American Bancorp, Inc

Ratios of Earnings to Fixed Charges through March 31, 2014

	Three Months Ended March 31, 2014		Year Ended December 31, 2013		Year Ended December 31, 2012		Year Ended December 31, 2011		Year Ended December 31, 2010		Year Ended December 31, 2009
Ratio of earnings to fixed charges:
Excluding interest on deposits	19.15		15.12		9.50		7.49		4.75		3.79
Including interest on deposits	6.89		6.05		4.14		2.72		2.22		1.84
Earnings:
Consolidated Income	$	6,305	$	25,413	$	24,055	$	20,249	$	13,405	$	12,218
Income Taxes	2,732		11,464		10,669		7,726		5,623		4,013
Income Before Taxes	9,037		36,877		34,724		27,975		19,028		16,231
Fixed Charges including deposit interest:
Interest Expense - Non-deposits	449		2,458		3,954		4,194		4,961		5,728
Interest Expense - Deposits	1,036		4,697		6,958		11,986		10,561		13,495
Estimated Interest Component of Rent	49		154		129		118		110		89
	1,534		7,309		11,041		16,298		15,632		19,312
Fixed Charges excluding deposit interest:
Interest Expense - Non-deposits	449		2,458		3,954		4,194		4,961		5,728
Estimated Interest Component of Rent	49		154		129		118		110		89
	498		2,612		4,083		4,312		5,071		5,817
Estimated Interest Component of Rent:
Lease Payments	$	147	$	461	$	388	$	354	$	329	$	268
Industry Standard - use 1/3 of actual cost for interest	49		154		129		118		110		89