Exhibit 12

PrivateBancorp, Inc.

Computation of Earnings to Fixed Charges

(Dollars in thousands)

	Year Ended December 31
	2011			2010			2009			2008			2007
Earnings:
Income (loss) before income taxes	$	70,200		$	64		$	(50,380	)	$	(153,993	)	$	13,969
Fixed charges, excluding interest on deposits		23,947			32,931			42,112			38,277			26,841
Earnings excluding interest on deposits	$	94,147		$	32,995		$	(8,268	)	$	(115,716	)	$	40,810
Interest on deposits		50,072			74,037			111,616			176,710			154,045
Earnings including interest on deposits	$	144,219		$	107,032		$	103,348		$	60,994		$	194,855
Fixed Charges:
Interest expense, excluding interest on deposits	$	23,947		$	32,931		$	42,112		$	38,277		$	26,841
Interest on deposits		50,072			74,037			111,616			176,710			154,045
Total fixed charges, including interest on deposits	$	74,019		$	106,968		$	153,728		$	214,987		$	180,886
Fixed Charges and Preferred Stock Dividends:
Interest expense, excluding interest on deposits	$	23,947		$	32,931		$	42,112		$	38,277		$	26,841
Preferred stock dividends		13,690			13,607			12,443			546			107
Total fixed charges and preferred stock dividends, excluding interest on deposits	$	37,637		$	46,538		$	54,555		$	38,823		$	26,948
Interest on deposits		50,072			74,037			111,616			176,710			154,045
Total fixed charges and preferred stock dividends, including interest on deposits	$	87,709		$	120,575		$	166,171		$	215,533		$	180,993
Ratio of Earnings to Fixed Charges:
Excluding interest on deposits		3.93	X		1.00	X		(0.20	) X		(3.02	) X		1.52	X
Including interest on deposits		1.95	X		1.00	X		0.67	X		0.28	X		1.08	X
Ratio of Earnings to Fixed Charges and Preferred Stock Dividends:
Excluding interest on deposits		2.50	X		0.71	X		(0.15	) X		(2.98	) X		1.51	X
Including interest on deposits		1.64	X		0.89	X		0.62	X		0.28	X		1.08	X

  *   The earnings for the years ended December 31, 2009 and December 31, 2008 (excluding deposit interest) were inadequate to cover total fixed charges for the year. The coverage deficiencies for 2009 and 2008 were $61.2 million and $22.7 million excluding preferred dividends, respectively, and $73.7 million and $23.3 million including preferred dividends, respectively.