##### 



DEARBORN BANCORP REPORTS
36.3% INCREASE IN 2005 EARNINGS
 DEARBORN
       Forward-Looking Statements




---



##### 



DEARBORN BANCORP, INC.
 (In thousands, except share and per share data)
    
    Three months ended
    
    
    Twelve months endedDecember 31
    
    
    December 31Condensed
Statement of Income:
    
    2005
    
    
    2004
    
    
    2005
    
    
    2004Interest income
    
    $
    11,991
    
    
    $
    9,017
    
    
    $
    43,855
    
    
    $
    29,790Interest expense
    
    
    4,837
    
    
    
    2,938
    
    
    
    16,403
    
    
    
    9,409Net interest income
    
    
    7,154
    
    
    
    6,079
    
    
    
    27,452
    
    
    
    20,381Provision for loan losses
    
    
    90
    
    
    
    526
    
    
    
    1,081
    
    
    
    1,400Net interest income after provision
    
    
    7,064
    
    
    
    5,553
    
    
    
    26,371
    
    
    
    18,981Non-interest income
    
    
    310
    
    
    
    361
    
    
    
    722
    
    
    
    1,332Non-interest expense
    
    
    3,958
    
    
    
    3,573
    
    
    
    15,716
    
    
    
    11,967Net income before taxes
    
    
    3,416
    
    
    
    2,341
    
    
    
    11,377
    
    
    
    8,346Income tax provision
    
    
    1,162
    
    
    
    798
    
    
    
    3,867
    
    
    
    2,837Net income
    
    $
    2,254
    
    
    $
    1,543
    
    
    $
    7,510
    
    
    $
    5,509Share Data:Weighted avg no. of shares
outstanding  basic
    
    
    5,412,228
    
    
    
    5,262,431
    
    
    
    5,352,709
    
    
    
    4,324,224Weighted avg no. of shares
outstanding  diluted
    
    
    5,725,502
    
    
    
    5,682,337
    
    
    
    5,702,764
    
    
    
    4,732,011Period end shares outstanding
    
    
    
    
    
    
    
    
    
    
    5,423,556
    
    
    
    5,285,096Per Common Share Data:Net income, basic
    
    $
    0.42
    
    
    $
    0.29
    
    
    $
    1.40
    
    
    $
    1.27Net income, diluted
    
    $
    0.39
    
    
    $
    0.27
    
    
    $
    1.32
    
    
    $
    1.16Closing Stock Price
    
    
    
    
    
    
    
    
    
    $
    24.75
    
    
    $
    26.45Book Value
    
    
    
    
    
    
    
    
    
    $
    15.53
    
    
    $
    14.12Selected Financial RatiosReturn on average stockholders equity
    
    
    10.83
    %
    
    
    8.27
    %
    
    
    9.44
    %
    
    
    10.56
    %Return on average total assets
    
    
    1.27
    %
    
    
    0.98
    %
    
    
    1.08
    %
    
    
    1.05
    %Average equity to average total assets
    
    
    11.73
    %
    
    
    11.62
    %
    
    
    11.49
    %
    
    
    9.96
    %
 Condensed
Balance Sheet:
    
    Dec. 31
    
    
    Dec. 312005
    
    
    2004AssetsCash and equivalents
    
    $
    9,455
    
    
    $
    20,869Mortgage loans held for sale
    
    
    1,041
    
    
    
    1,692Investment securities, available for sale
    
    
    18,446
    
    
    
    22,197Loans
    
    
    657,037
    
    
    
    587,562Allowance for loan losses
    
    
    (6,808
    )
    
    
    (5,884
    )Premises and equipment
    
    
    13,792
    
    
    
    13,124Goodwill and intangible assets
    
    
    7,764
    
    
    
    7,982Other assets
    
    
    5,770
    
    
    
    5,120Total assets
    
    $
    706,497
    
    
    $
    652,662Liabilities and stockholders equityDeposits
    
    $
    582,438
    
    
    $
    540,880Federal Home Loan Bank advances
    
    
    25,588
    
    
    
    20,614Securities sold under agreements to repurchase
    
    
    1,615
    
    
    
    4,115Other liabilities
    
    
    2,643
    
    
    
    2,449Subordinated debentures
    
    
    10,000
    
    
    
    10,000Stockholders equity
    
    
    84,213
    
    
    
    74,604Total liabilities and stockholders equity
    
    $
    706,497
    
    
    $
    652,662Other Data:Nonperforming loans to total loans
    
    
    0.18
    %
    
    
    0.53
    %Net charge-offs to average loans
    
    
    0.02
    %
    
    
    0.00
    %Net interest margin for the Quarter
    
    
    4.11
    %
    
    
    4.02
    %Net interest margin for the Year
    
    
    4.14
    %
    
    
    4.04
    %