Exhibit 12

PrivateBancorp, Inc.

Computation of Earnings to Fixed Charges

(Dollars in thousands)

	Quarter Ended		Year Ended December 31
	March 31, 2012		2011		2010		2009		2008
Earnings:
Income (loss) before income taxes	$	23,950	$	70,200	$	64	$	(50,380)	$	(153,993)
Fixed charges, excluding interest on deposits		5,720		23,947		32,931		42,112		38,277
Earnings excluding interest on deposits	$	29,670	$	94,147	$	32,995	$	(8,268)	$	(115,716)
Interest on deposits		10,255		50,072		74,037		111,616		176,710
Earnings including interest on deposits	$	39,925	$	144,219	$	107,032	$	103,348	$	60,994
Fixed Charges:
Interest expense, excluding interest on deposits	$	5,720	$	23,947	$	32,931	$	42,112	$	38,277
Interest on deposits		10,255		50,072		74,037		111,616		176,710
Total fixed charges, including interest on deposits	$	15,975	$	74,019	$	106,968	$	153,728	$	214,987
Fixed Charges and Preferred Stock Dividends:
Interest expense, excluding interest on deposits	$	5,720	$	23,947	$	32,931	$	42,112	$	38,277
Preferred stock dividends		3,436		13,690		13,607		12,443		546
Total fixed charges and preferred stock dividends, excluding interest on deposits	$	9,156	$	37,637	$	46,538	$	54,555	$	38,823
Interest on deposits		10,255		50,072		74,037		111,616		176,710
Total fixed charges and preferred stock dividends, including interest on deposits	$	19,411	$	87,709	$	120,575	$	166,171	$	215,533
Ratio of Earnings to Fixed Charges:
Excluding interest on deposits		5.19 X		3.93X		1.00X		(0.20)X		(3.02)X
Including interest on deposits		2.50X		1.95X		1.00X		0.67X		0.28X
Ratio of Earnings to Fixed Charges and Preferred Stock Dividends:
Excluding interest on deposits		3.24X		2.50X		0.71X		(0.15)X		(2.98)X
Including interest on deposits		2.06X		1.64X		0.89X		0.62X		0.28X

* 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.