##### Table of Contents



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 WASHINGTON, D.C. 20549
 FORM 10-Q
 QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
 For the quarterly period ended March 31, 2009
 Commission File Number 000-52584
 BIRMINGHAM BLOOMFIELD BANCSHARES, INC.
  Michigan
    
    20-1132959(State or other jurisdiction of 
incorporation or organization)
    
    (I.R.S. Employer
Identification No.)
 33583 Woodward Avenue, Birmingham, MI 48009
 (Address of principal executive offices, including zip code)
 (248) 723-7200
  þ o
  o o
  Large accelerated filer o
    
    Accelerated filer o
    
    Non-accelerated filer o
(Do not check if a smaller reporting company)
    
    Smaller reporting company þ
  o þ




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##### 



INDEX
 PART I  FINANCIAL INFORMATION
    
    
    3ITEM 1. FINANCIAL STATEMENTS
    
    
    3ITEM 2. MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
    
    
    14ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
    
    
    22ITEM 4T. CONTROLS AND PROCEDURES
    
    
    23PART II. OTHER INFORMATION
    
    
    24ITEM 1. LEGAL PROCEEDINGS
    
    
    24ITEM 1A. RISK FACTORS
    
    
    24ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
    
    
    24ITEM 3. DEFAULTS UPON SENIOR SECURITIES
    
    
    24ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
    
    
    24ITEM 5. OTHER INFORMATION
    
    
    24ITEM 6. EXHIBITS
    
    
    25EX-31.1EX-31.2EX-32.1
  2




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##### Table of Contents



PART I  FINANCIAL INFORMATION
 
 ITEM 1. FINANCIAL STATEMENTS
 BIRMINGHAM BLOOMFIELD BANCSHARES, INC
 CONSOLIDATED BALANCE SHEETS
 March 31,
    
    
    December 31,2009
    
    
    2008(unaudited)AssetsCash and cash equivalentsCash
    
    $
    6,172,172
    
    
    $
    1,201,318Federal funds sold
    
    
    1,978,090
    
    
    
    3,462,179Total cash and cash equivalents
    
    
    8,150,262
    
    
    
    4,663,497Securities, available for sale (Note 3)
    
    
    3,630,872
    
    
    
    3,880,401Loans (Note 4)Total loans
    
    
    59,471,307
    
    
    
    56,840,675Less: allowance for loan losses
    
    
    (743,500
    )
    
    
    (710,000
    )Net loans
    
    
    58,727,807
    
    
    
    56,130,675Premises & equipment (Note 6)
    
    
    2,168,857
    
    
    
    2,232,317Interest receivable and other assets
    
    
    361,094
    
    
    
    391,646Total assets
    
    $
    73,038,892
    
    
    $
    67,298,536Liabilities and Shareholders EquityDeposits (Note 5)Non-interest bearing
    
    $
    5,755,744
    
    
    $
    5,194,795Interest bearing
    
    
    58,070,624
    
    
    
    52,553,240Total deposits
    
    
    63,826,368
    
    
    
    57,748,035Interest payable and other liabilities
    
    
    203,506
    
    
    
    238,532Total liabilities
    
    
    64,029,874
    
    
    
    57,986,567Shareholders equityCommon stock, no par valueAuthorized  4,500,000 sharesIssued and outstanding  1,800,000 shares
    
    
    17,034,330
    
    
    
    17,034,330Additional paid in capital - share based payments
    
    
    473,203
    
    
    
    466,553Accumulated deficit
    
    
    (8,624,203
    )
    
    
    (8,311,252
    )Accumulated other comprehensive income
    
    
    125,688
    
    
    
    122,338Total shareholders equity
    
    
    9,009,018
    
    
    
    9,311,969Total liabilities and shareholders equity
    
    $
    73,038,892
    
    
    $
    67,298,536
  3




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##### Table of Contents



BIRMINGHAM BLOOMFIELD BANCSHARES, INC
CONSOLIDATED STATEMENTS OF OPERATIONS
 For the Three Months EndedMarch 31,2009
    
    
    2008Interest incomeLoans, including fees
    
    $
    842,821
    
    
    $
    650,141Taxable securities
    
    
    37,406
    
    
    
    29,145Federal funds sold
    
    
    891
    
    
    
    48,300Correspondent bank
    
    
    1,340
    
    
    
    Total interest income
    
    
    882,458
    
    
    
    727,586Interest expenseDeposits
    
    
    339,591
    
    
    
    313,742Total interest expense
    
    
    339,591
    
    
    
    313,742Net interest income
    
    
    542,867
    
    
    
    413,844Provision for loan losses
    
    
    33,500
    
    
    
    50,000Net interest income after
provision for loan losses
    
    
    509,367
    
    
    
    363,844Non-interest incomeLoan fees and charges
    
    
    3,180
    
    
    
    10,727Deposit fees and charges
    
    
    17,711
    
    
    
    17,824Other income
    
    
    4,812
    
    
    
    9,434Total non-interest income
    
    
    25,703
    
    
    
    37,985Non-interest expenseSalaries and benefits
    
    
    371,328
    
    
    
    549,064Occupancy & equipment
    
    
    213,467
    
    
    
    218,960Share based payments
    
    
    6,650
    
    
    
    10,500Data processing
    
    
    53,896
    
    
    
    43,727Advertising and public relations
    
    
    34,132
    
    
    
    23,216Professional fees
    
    
    80,519
    
    
    
    87,270Printing and office supplies
    
    
    9,018
    
    
    
    6,536Other expense
    
    
    79,011
    
    
    
    87,267Total non-interest expense
    
    
    848,021
    
    
    
    1,026,540Net loss before taxes
    
    
    (312,951
    )
    
    
    (624,711
    )Income taxes
    
    
    
    
    
    
    Net loss
    
    $
    (312,951
    )
    
    $
    (624,711
    )Basic loss per share
    
    $
    (0.17
    )
    
    $
    (0.35
    )Diluted loss per share
    
    $
    (0.17
    )
    
    $
    (0.35
    )
  4




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##### Table of Contents



BIRMINGHAM BLOOMFIELD BANCSHARES, INC
CONSOLIDATED STATEMENTS OF SHAREHOLDERS EQUITY
January 1, 2009 to March 31, 2009
(Unaudited)
 AccumulatedAdditional
    
    
    
    
    
    
    OtherCommon
    
    
    Paid in
    
    
    Accumulated
    
    
    ComprehensiveStock
    
    
    Capital
    
    
    Deficit
    
    
    Income
    
    
    TotalBalance at January 1, 2009
    
    $
    17,034,330
    
    
    $
    466,553
    
    
    $
    (8,311,252
    )
    
    $
    122,338
    
    
    $
    9,311,969Share based payments
    
    
    
    
    
    
    6,650
    
    
    
    
    
    
    
    
    
    
    
    6,650Comprehensive loss:Net loss
    
    
    
    
    
    
    
    
    
    
    (312,951
    )
    
    
    
    
    
    
    (312,951
    )Unrealized gain on
securities
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    3,350
    
    
    
    3,350Total comprehensive loss
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (309,601
    )Balance at March 31, 2009
    
    $
    17,034,330
    
    
    $
    473,203
    
    
    $
    (8,624,203
    )
    
    $
    125,688
    
    
    $
    9,009,018
  5




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##### Table of Contents



BIRMINGHAM BLOOMFIELD BANCSHARES, INC
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
 For the Three Months EndedMarch 31,2009
    
    
    2008Cash flows from operating activitiesNet loss
    
    $
    (312,951
    )
    
    $
    (624,711
    )Share based payments expense
    
    
    6,650
    
    
    
    10,500Provision for loan losses
    
    
    33,500
    
    
    
    50,000Accretion of securities
    
    
    (1,005
    )
    
    
    (3,600
    )Gain on calls of securities
    
    
    (1,152
    )
    
    
    (6,473
    )Depreciation expense
    
    
    75,225
    
    
    
    78,000Net decrease in other assets
    
    
    30,552
    
    
    
    40,444Net increase (decrease) in other liabilities
    
    
    (35,026
    )
    
    
    123,606Net cash used in operating activities
    
    
    (204,207
    )
    
    
    (332,234
    )Cash flows from investing activitiesIncrease in loans
    
    
    (2,630,632
    )
    
    
    (6,466,369
    )Purchase of securities
    
    
    (790,000
    )
    
    
    Proceeds from sales, calls or maturities of securities
    
    
    1,045,036
    
    
    
    732,624Purchases of premises and equipment
    
    
    (11,765
    )
    
    
    (855
    )Net cash used in investing activities
    
    
    (2,387,361
    )
    
    
    (5,734,600
    )Cash flows from financing activitiesIncrease in deposits
    
    
    6,078,333
    
    
    
    7,668,480Net cash provided by financing activities
    
    
    6,078,333
    
    
    
    7,668,480Increase in cash and cash equivalents
    
    
    3,486,765
    
    
    
    1,601,646Cash and cash equivalents at the
beginning of the period
    
    
    4,663,497
    
    
    
    5,139,126Cash and cash equivalents at the
end of the period
    
    $
    8,150,262
    
    
    $
    6,740,772Supplemental cash flow information:Cash paid for interest:
    
    $
    364,318
    
    
    $
    252,215
  6




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BIRMINGHAM BLOOMFIELD BANCSHARES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
 Note 1  Summary of Significant Accounting Policies
 Basis of Statement Presentation
    Principles of Consolidation
  Recent Accounting Developments
    7




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BIRMINGHAM BLOOMFIELD BANCSHARES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
   8




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##### Table of Contents



BIRMINGHAM BLOOMFIELD BANCSHARES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
 Note 2  Fair Value Accounting
  Valuation Hierarchy
  
    
    Level 1  inputs to the valuation methodology are quoted prices (unadjusted) for
identical assets or liabilities in active markets which the Corporation can participate.
    
    Level 2  inputs to the valuation methodology include quoted prices for similar assets
and liabilities in active markets, and inputs that are observable for the asset or
liability, either directly or indirectly, for substantially the full term of the financial
instrument.
    
    Level 3  inputs to the valuation methodology are unobservable and significant to the
fair value measurement, and include inputs that are available in situations where there is
little, if any, market activity for the related asset or liability.
   Assets
 Securities available for sale
    Quoted Prices in
    
    
    SignificantActive Markets
    
    
    Other
    
    
    Significantfor Identical
    
    
    Observable
    
    
    UnobservableAssets
    
    
    Inputs
    
    
    Inputs
    
    
    Balance at MarchLevel 1
    
    
    Level 2
    
    
    Level 3
    
    
    31, 2009Securities available for sale
    
    $
    
    
    
    $
    3,631
    
    
    $
    
    
    
    $
    3,631
 9




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BIRMINGHAM BLOOMFIELD BANCSHARES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
 Note 3  Securities
  Gross
    
    
    Gross
    
    
    EstimatedAmortized
    
    
    unrealized
    
    
    unrealized
    
    
    fairMarch 31, 2009 (unaudited)
    
    cost
    
    
    gains
    
    
    losses
    
    
    valueU.S. Government agency securities
    
    $
    2,093
    
    
    $
    17
    
    
    $
    
    
    
    $
    2,110Municipal securities
    
    
    200
    
    
    
    3
    
    
    
    
    
    
    
    203Mortgage backed securities
    
    
    1,212
    
    
    
    106
    
    
    
    
    
    
    
    1,318Corporate bonds
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Total securities available for sale
    
    $
    3,505
    
    
    $
    126
    
    
    $
    
    
    
    $
    3,631
 Gross
    
    
    Gross
    
    
    EstimatedAmortized
    
    
    unrealized
    
    
    unrealized
    
    
    fairDecember 31, 2008
    
    cost
    
    
    gains
    
    
    losses
    
    
    valueU.S. Government agency securities
    
    $
    2,004
    
    
    $
    30
    
    
    $
    
    
    
    $
    2,034Municipal securities
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Mortgage backed securities
    
    
    1,250
    
    
    
    92
    
    
    
    
    
    
    
    1,342Corporate bonds
    
    
    504
    
    
    
    
    
    
    
    
    
    
    
    504Total
    
    $
    3,758
    
    
    $
    122
    
    
    $
    
    
    
    $
    3,880
   EstimatedAmortized
    
    
    faircost
    
    
    valueDue in one year or less
    
    $
    
    
    
    $
    Due in one year through five years
    
    
    2,293
    
    
    
    2,313Due in five years through ten years
    
    
    
    
    
    
    Due after ten years
    
    
    
    
    
    
    Subtotal
    
    
    2,293
    
    
    
    2,313Mortgage backed securities,
due after 10 years
    
    
    1,212
    
    
    
    1,318Total
    
    $
    3,505
    
    
    $
    3,631
 10




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BIRMINGHAM BLOOMFIELD BANCSHARES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
 Note 4  Loans
  March 31,
    
    
    December 31,2009
    
    
    2008(unaudited)Mortgage loans on real estate:Residential 1 to 4 family
    
    $
    2,447
    
    
    $
    2,745Multifamily
    
    
    7,657
    
    
    
    7,676Commercial
    
    
    24,226
    
    
    
    23,085Construction
    
    
    3,163
    
    
    
    3,000Second mortgage
    
    
    214
    
    
    
    736Equity lines of credit
    
    
    11,940
    
    
    
    10,381Total mortgage loans on real estate
    
    
    49,647
    
    
    
    47,623Commercial loans
    
    
    9,212
    
    
    
    8,242Consumer installment loans
    
    
    642
    
    
    
    1,007Total loans
    
    
    59,501
    
    
    
    56,872Less:Allowance for loan losses
    
    
    743
    
    
    
    710Net deferred loan fees
    
    
    30
    
    
    
    31Net loans
    
    $
    58,728
    
    
    $
    56,131
  Three months endedMarch 31,(unaudited)
    
    2009
    
    
    2008Balance at beginning of period
    
    $
    710
    
    
    $
    560Charge-offs
    
    
    
    
    
    
    Recoveries
    
    
    
    
    
    
    Provision for loan losses
    
    
    33
    
    
    
    50Balance at end of period
    
    $
    743
    
    
    $
    610
  11




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BIRMINGHAM BLOOMFIELD BANCSHARES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
 Note 5  Deposits
  March 31,
    
    
    December 31,2009
    
    
    2008(unaudited)Non-interest bearing deposits
    
    $
    5,755
    
    
    $
    5,195NOW accounts
    
    
    8,071
    
    
    
    7,882Savings and money market accounts
    
    
    18,193
    
    
    
    10,571Certificates of deposit <$100,000
    
    
    13,451
    
    
    
    13,089Certificates of deposit >$100,000
    
    
    18,356
    
    
    
    21,011Total
    
    $
    63,826
    
    
    $
    57,748
  <$100,000
    
    
    >$100,000
    
    
    TotalWithin 12 months
    
    $
    10,994
    
    
    $
    17,654
    
    
    $
    28,648> 12 months
    
    
    2,457
    
    
    
    702
    
    
    
    3,159Total
    
    $
    13,451
    
    
    $
    18,356
    
    
    $
    31,807
 Note 6  Leases and Commitments
   2009
    
    $
    2102010
    
    
    2862011
    
    
    2922012
    
    
    2982013
    
    
    304Thereafter
    
    
    3,365Total
    
    $
    4,755
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BIRMINGHAM BLOOMFIELD BANCSHARES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
 Note 7  Minimum Regulatory Capital Requirements
   For Capital
    
    To beActual
    
    Adequacy Purposes
    
    Well-CapitalizedAmount
    
    Ratio
    
    Amount
    
    Ratio
    
    Amount
    
    RatioAs of March 31, 2009Total risk-based capital
(to risk weighted assets)Bank of Birmingham
    
    $
    9,122
    
    
    
    15.0
    %
    
    $
    4,862
    
    
    
    8.0
    %
    
    $
    6,077
    
    
    
    10.0
    %Tier I capital
(to risk weighted assets)Bank of Birmingham
    
    $
    8,379
    
    
    
    13.8
    %
    
    $
    2,431
    
    
    
    4.0
    %
    
    $
    3,646
    
    
    
    6.0
    %Tier I capital
(to average assets)Bank of Birmingham
    
    $
    8,379
    
    
    
    12.0
    %
    
    $
    2,799
    
    
    
    4.0
    %
    
    $
    3,499
    
    
    
    5.0
    %As of December 31, 2008Total risk-based capital
(to risk weighted assets)Bank of Birmingham
    
    $
    9,345
    
    
    
    16.6
    %
    
    $
    4,491
    
    
    
    8.0
    %
    
    $
    5,614
    
    
    
    10.0
    %Tier I capital
(to risk weighted assets)Bank of Birmingham
    
    $
    8,635
    
    
    
    15.4
    %
    
    $
    2,246
    
    
    
    4.0
    %
    
    $
    3,369
    
    
    
    6.0
    %Tier I capital
(to average assets)Bank of Birmingham
    
    $
    8,635
    
    
    
    12.8
    %
    
    $
    2,695
    
    
    
    4.0
    %
    
    $
    3,369
    
    
    
    5.0
    %
 13




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ITEM 2. MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
 Disclosure Regarding Forward Looking Statements
   14




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BIRMINGHAM BLOOMFIELD BANCSHARES, INC.
Managements Discussion and Analysis of Financial Condition and Results of Operations
 OVERVIEW
     15




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BIRMINGHAM BLOOMFIELD BANCSHARES, INC.
Managements Discussion and Analysis of Financial Condition and Results of Operations
 PLAN OF OPERATION
    FINANCIAL CONDITION
  Cash and Cash Equivalents
  Investments
  16




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BIRMINGHAM BLOOMFIELD BANCSHARES, INC.
Managements Discussion and Analysis of Financial Condition and Results of Operations
 Loans, Credit Quality and Allowance for Loan Losses
       17




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BIRMINGHAM BLOOMFIELD BANCSHARES, INC.
Managements Discussion and Analysis of Financial Condition and Results of Operations
 Premises and Equipment
  Deposits
  As of March 31,2009(000s omitted)
    
    Balance
    
    
    PercentageNoninterest bearing demand
    
    $
    5,755
    
    
    
    9.0
    %NOW accounts
    
    
    8,071
    
    
    
    12.6Money market
    
    
    10,356
    
    
    
    16.2Savings
    
    
    7,837
    
    
    
    12.3Time deposits under $100,000
    
    
    13,451
    
    
    
    21.1Time deposits over $100,000
    
    
    18,356
    
    
    
    28.8Total deposits
    
    $
    63,826
    
    
    
    100.0
    %
 18




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##### Table of Contents



BIRMINGHAM BLOOMFIELD BANCSHARES, INC.
Managements Discussion and Analysis of Financial Condition and Results of Operations
 RESULTS OF OPERATIONS
 Net Interest Income
   Three Months Ended March 31,2009
    
    
    2008Average
    
    
    
    
    
    
    Average
    
    
    Average
    
    
    
    
    
    
    AverageBalance
    
    
    
    
    
    
    Yield/
    
    
    Balance
    
    
    
    
    
    
    Yield/(000s)
    
    
    Interest
    
    
    Rate
    
    
    (000s)
    
    
    Interest
    
    
    RateInterest-earning assetsLoans
    
    $
    58,414
    
    
    $
    842,821
    
    
    
    5.77
    %
    
    $
    39,805
    
    
    $
    650,141
    
    
    
    6.53
    %Securities
    
    
    3,378
    
    
    
    37,406
    
    
    
    4.43
    %
    
    
    2,086
    
    
    
    29,145
    
    
    
    5.59
    %Federal funds sold
    
    
    2,395
    
    
    
    891
    
    
    
    0.15
    %
    
    
    5,937
    
    
    
    48,300
    
    
    
    3.25
    %Interest-bearing balance with
Other financial institutions
    
    
    2,121
    
    
    
    1,340
    
    
    
    .25
    %
    
    
    
    
    
    
    
    
    
    
    Total interest-earning assets
    
    
    66,308
    
    
    
    882,458
    
    
    
    5.32
    %
    
    
    47,828
    
    
    
    727,586
    
    
    
    6.09
    %Cash and due from banks
    
    
    1,971
    
    
    
    
    
    
    
    
    
    
    
    1,258All other assets
    
    
    1,822
    
    
    
    
    
    
    
    
    
    
    
    2,175Total assets
    
    $
    70,101
    
    
    
    
    
    
    
    
    
    
    $
    51,261Interest-bearing liabilitiesNOW accounts
    
    $
    7,559
    
    
    
    21,913
    
    
    
    1.16
    %
    
    $
    8,909
    
    
    
    59,635
    
    
    
    2.68
    %Money market
    
    
    10,059
    
    
    
    34,532
    
    
    
    1.37
    %
    
    
    11,640
    
    
    
    85,985
    
    
    
    2.95
    %Savings
    
    
    3,793
    
    
    
    16,699
    
    
    
    1.76
    %
    
    
    332
    
    
    
    1,318
    
    
    
    1.59
    %Time deposits
    
    
    33,493
    
    
    
    266,447
    
    
    
    3.18
    %
    
    
    13,930
    
    
    
    166,804
    
    
    
    4.79
    %Total interest-bearing liabilities
    
    
    54,904
    
    
    
    339,591
    
    
    
    2.47
    %
    
    
    34,811
    
    
    
    313,742
    
    
    
    3.61
    %Non-interest bearing deposits
    
    
    5,782
    
    
    
    
    
    
    
    
    
    
    
    5,683All other liabilities
    
    
    234
    
    
    
    
    
    
    
    
    
    
    
    206Total liabilities
    
    
    60,920
    
    
    
    
    
    
    
    
    
    
    
    40,700Shareholders equity
    
    
    9,181
    
    
    
    
    
    
    
    
    
    
    
    10,561Total liabilities and shareholders
equity
    
    $
    70,101
    
    
    
    
    
    
    
    
    
    
    $
    51,261Net interest income
    
    
    
    
    
    $
    542,867
    
    
    
    
    
    
    
    
    
    
    $
    413,844Net spread
    
    
    
    
    
    
    
    
    
    
    2.85
    %
    
    
    
    
    
    
    
    
    
    
    2.48
    %Net interest margin (1)
    
    
    
    
    
    
    
    
    
    
    3.27
    %
    
    
    
    
    
    
    
    
    
    
    3.46
    %Ratio of interest-earning assets
to interest-bearing liabilities
    
    
    120.77
    %
    
    
    
    
    
    
    
    
    
    
    137.39
    %
 
 (1)
    
    Net interest earnings divided by average interest-earning assets. 19




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##### Table of Contents



BIRMINGHAM BLOOMFIELD BANCSHARES, INC.
Managements Discussion and Analysis of Financial Condition and Results of Operations
  Provision for Loans Losses
  Non-Interest Income
  Non-Interest Expense
  20




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##### Table of Contents



BIRMINGHAM BLOOMFIELD BANCSHARES, INC.
Managements Discussion and Analysis of Financial Condition and Results of Operations
  Income Taxes
  LIQUIDITY AND CAPITAL RESOURCES; ASSET/LIABILITY MANAGEMENT
    21




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##### Table of Contents



BIRMINGHAM BLOOMFIELD BANCSHARES, INC.
Managements Discussion and Analysis of Financial Condition and Results of Operations
   Off-Balance Sheet Arrangements
  
 ITEM 3.- QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
    22




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##### Table of Contents



BIRMINGHAM BLOOMFIELD BANCSHARES, INC.
Managements Discussion and Analysis of Financial Condition and Results of Operations
   
 ITEM 4T. CONTROLS AND PROCEDURES
     23




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##### Table of Contents



PART II. OTHER INFORMATION
 
 ITEM 1. LEGAL PROCEEDINGS.
  
 ITEM 1A. RISK FACTORS.
  
 ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.
  
 ITEM 3. DEFAULTS UPON SENIOR SECURITIES.
  
 ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
  
 ITEM 5. OTHER INFORMATION.
  24




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##### Table of Contents



ITEM 6. EXHIBITS.
 Exhibit Number
    
    Description of Exhibit31.1
    
    Rule 13a-14(a) Certification of Chief Executive Officer.31.2
    
    Rule 13a-14(a) Certification of Chief Financial Officer.32
    
    Certification pursuant to 18 U.S.C. Section 1350, as
adopted pursuant to Section 906 of the Sarbanes-Oxley Act
of 2002.
 25




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##### Table of Contents



SIGNATURES
  BIRMINGHAM BLOOMFIELD BANCSHARES, INC.Date: May 15, 2009
    
    By:
    
    /s/ Robert E. FarrRobert E. FarrChief Executive OfficerDate: May 15, 2009
    
    By:
    
    /s/ Deb ThompsonDeb ThompsonChief Financial Officer
 26




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##### Table of Contents



EXHIBIT INDEX
 ExhibitNumber
    
    Description of Exhibit31.1
    
    Certification pursuant to Rules 13a-15(f) and 15d-15(f) of
the Securities Exchange Act31.2
    
    Certification pursuant to Rules 13a-15(f) and 15d-15(f) of
the Securities Exchange Act32
    
    Certification pursuant to Rules 13a-14(b) or Rule 15d-14(b)
of the Securities Exchange Act and 18 U.S.C. §1350
 27