Exhibit 12
Berkshire Hills Bancorp., Inc. and Subsidiaries
Consolidated Ratios of Earnings to Fixed Charges
| Six Months Ended June 30, 2006 |
Years Ended December 31, | |||||||||||||||||||||
| (Dollars in thousands) |
2005 | 2004 | 2003 | 2002 | 2001 | |||||||||||||||||
| Computation of fixed charges |
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| Interest expensed |
$ | 26,216 | $ | 36,115 | $ | 20,724 | $ | 18,742 | $ | 23,428 | $ | 33,560 | ||||||||||
| Amortization of capitalized expenses related to indebtedness |
12 | 12 | — | — | — | — | ||||||||||||||||
| Estimate of the interest within rental expense |
203 | 300 | 132 | 122 | 129 | 124 | ||||||||||||||||
| Total fixed charges |
$ | 26,431 | $ | 36,427 | $ | 20,856 | $ | 18,864 | $ | 23,557 | $ | 33,684 | ||||||||||
| Computation of earnings |
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| Pre-tax income from continuing operations |
$ | 13,314 | $ | 16,229 | $ | 17,579 | $ | 14,311 | $ | 3,668 | $ | 13,217 | ||||||||||
| Adjustment for minority interests in consolidated subsidiaries |
— | — | (381 | ) | (186 | ) | (685 | ) | (119 | ) | ||||||||||||
| Total fixed charges |
26,431 | 36,427 | 20,856 | 18,864 | 23,557 | 33,684 | ||||||||||||||||
| Total earnings |
$ | 39,745 | $ | 52,656 | $ | 38,054 | $ | 32,989 | $ | 26,540 | $ | 46,782 | ||||||||||
| Ratios of earnings to fixed charges |
1.50 x | 1.45 x | 1.82 x | 1.75 x | 1.13 x | 1.39 x | ||||||||||||||||
For the purpose of computing the ratios of earnings to fixed charges, the term “fixed charges” means the sum of interest expensed, amortization of capitalized expenses related to indebtedness, and an estimate of the interest within rental expense. The term “earnings” is the amount resulting from adding pre-tax income from continuing operations, the adjustment for minority interests in consolidated subsidiaries, and fixed charges.