##### 



DEARBORN BANCORP SECOND QUARTER EARNINGS
UP 45.6 PERCENT
 DEARBORN
       Forward-Looking Statements




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DEARBORN BANCORP, INC.
 (In thousands, except share and per share data)
    
    Three months ended
    
    
    Six months endedJune 30
    
    
    June 30Condensed Statement of Income:
    
    2006
    
    
    2005
    
    
    2006
    
    
    2005Interest income
    
    $
    13,062
    
    
    $
    10,638
    
    
    $
    25,306
    
    
    $
    20,530Interest expense
    
    
    6,106
    
    
    
    3,973
    
    
    
    11,494
    
    
    
    7,285Net interest income
    
    
    6,956
    
    
    
    6,665
    
    
    
    13,812
    
    
    
    13,245Provision for loan losses
    
    
    155
    
    
    
    279
    
    
    
    312
    
    
    
    743Net interest income after provision
    
    
    6,801
    
    
    
    6,386
    
    
    
    13,500
    
    
    
    12,502Non-interest income
    
    
    232
    
    
    
    (294
    )
    
    
    440
    
    
    
    107Non-interest expense
    
    
    3,918
    
    
    
    3,954
    
    
    
    7,876
    
    
    
    7,797Net income before taxes
    
    
    3,115
    
    
    
    2,138
    
    
    
    6,064
    
    
    
    4,812Income tax provision
    
    
    1,059
    
    
    
    726
    
    
    
    2,062
    
    
    
    1,635Net income
    
    $
    2,056
    
    
    $
    1,412
    
    
    $
    4,002
    
    
    $
    3,177Share Data:Weighted avg no. of shares outstanding  basic
    
    
    5,704,053
    
    
    
    5,595,546
    
    
    
    5,700,807
    
    
    
    5,582,474Weighted avg no. of shares outstanding  diluted
    
    
    5,992,923
    
    
    
    5,973,382
    
    
    
    5,996,150
    
    
    
    5,975,647Period end shares outstanding
    
    
    
    
    
    
    
    
    
    
    5,677,923
    
    
    
    5,601,226Per Common Share Data:Net income, basic
    
    $
    0.36
    
    
    $
    0.25
    
    
    $
    0.70
    
    
    $
    0.57Net income, diluted
    
    $
    0.34
    
    
    $
    0.24
    
    
    $
    0.67
    
    
    $
    0.53Closing Stock Price
    
    
    
    
    
    
    
    
    
    $
    22.20
    
    
    $
    23.49Book Value
    
    
    
    
    
    
    
    
    
    $
    15.44
    
    
    $
    14.08Selected Financial RatiosReturn on average stockholders equity
    
    
    9.36
    %
    
    
    7.22
    %
    
    
    9.23
    %
    
    
    8.24
    %Return on average total assets
    
    
    1.10
    %
    
    
    0.81
    %
    
    
    1.09
    %
    
    
    0.93
    %Average equity to average total assets
    
    
    11.71
    %
    
    
    11.19
    %
    
    
    11.79
    %
    
    
    11.31
    %
 Condensed Balance Sheet:
    
    June 30
    
    
    Dec. 31
    
    
    June 302006
    
    
    2005
    
    
    2005AssetsCash and equivalents
    
    $
    16,718
    
    
    $
    9,455
    
    
    $
    20,433Mortgage loans held for sale
    
    
    1,174
    
    
    
    1,041
    
    
    
    2,373Investment securities, available for sale
    
    
    28,331
    
    
    
    18,446
    
    
    
    20,791Loans
    
    
    696,052
    
    
    
    657,037
    
    
    
    635,718Allowance for loan losses
    
    
    (7,154
    )
    
    
    (6,808
    )
    
    
    (6,616
    )Premises and equipment
    
    
    14,092
    
    
    
    13,792
    
    
    
    14,004Goodwill and intangible assets
    
    
    7,639
    
    
    
    7,764
    
    
    
    7,918Other assets
    
    
    5,638
    
    
    
    5,770
    
    
    
    5,872Total assets
    
    $
    762,490
    
    
    $
    706,497
    
    
    $
    700,493Liabilities and stockholders equityDeposits
    
    $
    612,270
    
    
    $
    582,438
    
    
    $
    580,615Federal Home Loan Bank advances
    
    
    25,588
    
    
    
    25,588
    
    
    
    25,614Securities sold under agreements to repurchase
    
    
    310
    
    
    
    1,615
    
    
    
    3,201Federal funds purchased
    
    
    24,500
    
    
    
    
    
    
    
    Other liabilities
    
    
    2,172
    
    
    
    2,643
    
    
    
    2,208Subordinated debentures
    
    
    10,000
    
    
    
    10,000
    
    
    
    10,000Stockholders equity
    
    
    87,650
    
    
    
    84,213
    
    
    
    78,855Total liabilities and stockholders equity
    
    $
    762,490
    
    
    $
    706,497
    
    
    $
    700,493Other Data:Nonperforming loans to total loans
    
    
    0.71
    %
    
    
    0.18
    %
    
    
    0.34
    %Net charge-offs to average loans
    
    
    0.00
    %
    
    
    0.02
    %
    
    
    0.00
    %Net interest margin for the quarter
    
    
    3.88
    %
    
    
    4.11
    %
    
    
    4.00
    %Net interest margin for the year
    
    
    3.95
    %
    
    
    4.14
    %
    
    
    4.10
    %