<PAGE>
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 10-K

   X     Annual report pursuant to Section 13 or 15(d) of the Securities
 -----   Exchange Act of 1934 for the fiscal year ended DECEMBER 31, 2001 or

          Transition report pursuant to Section 13 or 15(d) of the Securities
 -----    Exchange Act of 1934 for the transition period from         to
                                                              -------    ------
          Commission file number 000-24478.


                             DEARBORN BANCORP, INC.
             (Exact name of registrant as specified in its charter)
<TABLE>
<S>                                        <C>
          Michigan                                     38-3073622
          --------                                     ----------
(State or other jurisdiction of            (I.R.S. employer identification no.)
 incorporation or organization)
</TABLE>

                    22290 Michigan Avenue, Dearborn, MI 48124
                    -----------------------------------------
               (Address of principal executive office) (Zip code)

                                 (313) 274-1000
                                 --------------
              (Registrant's telephone number, including area code)

           Securities registered pursuant to section 12(d) of the Act:

<TABLE>
<CAPTION>
<S>                                                 <C>
                                                    Name of each exchange on
Title of each class                                      which registered
-------------------                                 ------------------------
      None                                                    None
</TABLE>

           Securities registered pursuant to section 12(g) of the Act:

                                  Common Stock

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
Yes     X      No
    ---------     ---------

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained, to the
best of registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to the
Form 10-K. [X]

State the aggregate market value of the voting stock held by non-affiliates of
the registrant as of March 1, 2002: Common Stock, $25,721,108.

Indicate the number of shares outstanding of each of the registrant's classes of
common stock as of March 1, 2002: Common Stock, 2,354,810 shares.


                       DOCUMENTS INCORPORATED BY REFERENCE

Portions of the 2001 Annual Report to Stockholders of the Registrant are
incorporated in Parts I, II and IV of this report. Portions of the definitive
Proxy Statement of the Registrant dated April 12, 2002, to be filed pursuant to
Regulation 14A, are incorporated by reference in Part III of this report.
<PAGE>


                             DEARBORN BANCORP, INC.
                                    FORM 10-K

                                     PART I

FORWARD LOOKING STATEMENTS

     The following discussion contains forward-looking statements that are based
on management's beliefs, assumptions, current expectations, estimates and
projections about the financial services industry, the economy, and about the
Corporation and Bank. Words such as "anticipates", "believes", "estimates",
"expects", "forecasts", "intends", "is likely", "plans", "projects", variations
of such words and similar expressions are intended to identify such forward-
looking statements. These statements are not guarantees of future performance
and involve certain risks, uncertainties and assumptions ("Future Factors") that
are difficult to predict with regard to timing, extent, likelihood and degree of
occurrence. Therefore, actual results and outcomes may materially differ from
what may be expressed or forecasted in such forward-looking statements. The
Corporation undertakes no obligation to update, amend or clarify forward-looking
statements, whether as a result of new information, future events (whether
anticipated or unanticipated), or otherwise.

     Future Factors include changes in interest rates and interest rate
relationships; demand for products and services; the degree of competition by
traditional and non-traditional competitors; changes in banking regulation;
changes in tax laws; changes in prices, levies and assessments; the impact of
technological advances; governmental and regulatory policy changes; the outcomes
of contingencies; trends in customer behavior as well as their ability to repay
loans; and changes in the national and local economy. These are representative
of the Future Factors that could cause a difference between an ultimate actual
outcome and a preceding forward-looking statement.


Item 1. Business

     Dearborn Bancorp, Inc. (the "Corporation"), a Michigan corporation, is a
bank holding corporation owning all the common stock of the Community Bank of
Dearborn (the "Bank"), a Michigan banking corporation which commenced business
on February 28, 1994. The Bank is the only commercial bank headquartered in
Dearborn, Michigan and conducts business primarily in Wayne and Macomb Counties,
Michigan.


BACKGROUND

     The liberalization of Michigan's branch banking laws, together with the
expansion of interstate banking, has led to substantial consolidation of the
banking industry in Michigan, including within the county in which the Bank has
its executive offices. In the past, several of the financial institutions within
the primary market area of the Bank have either been acquired by or merged with
larger financial institutions or out-of-state financial institutions. In some
cases, when these consolidations occurred, local boards of directors were
dissolved and local management relocated or in some cases terminated and has, in
some cases, resulted in policy and credit decisions being centralized away from
local management.

     In the opinion of the Corporation's management, this situation has created
a favorable opportunity for a local commercial bank with local management and
directors. Management of the Corporation believes that such a bank attracts
those customers who wish to conduct business with a locally managed institution
that demonstrates an active interest in their business and personal financial
affairs. The Corporation believes that a locally managed institution, in many
cases, will be able to deliver more timely responses to customer requests,
provide customized financial products and services and offer customers the
personal attention of the Bank's senior banking officers. The Bank seeks to take
advantage of this opportunity by emphasizing in its marketing plan the Bank's
local management and the Bank's ties and commitment to its market area.

     The Corporation was incorporated as a Michigan business corporation on
September 30, 1992. The Corporation was formed to acquire all of the Bank's
issued and outstanding stock and to engage in the business of a bank holding
corporation under the Bank Holding Company Act of 1956, as amended (the "Act").

     The executive offices of the Corporation and the Bank are located at 22290
Michigan Avenue, Dearborn, Michigan 48124, telephone number (313) 274-1000.

                                       2
<PAGE>

BUSINESS OF THE CORPORATION

     The primary purpose of the Corporation is the ownership of the Bank. In the
future, the Corporation may form or acquire other subsidiaries as permitted
under the Act and the regulations of the Federal Reserve. There are no plans,
agreements, understandings or negotiations, either written or oral, at the
present time for any acquisitions by the Corporation.


BUSINESS OF THE BANK

     Principal operations of the Bank commenced on February 28, 1994 when the
Bank opened for business at its main office, located at 22290 Michigan Avenue,
Dearborn, Michigan. On December 20, 1995, the Bank opened its second office,
located at 24935 West Warren Avenue, Dearborn Heights, Michigan. On August 11,
1997, the Bank opened its third office, located at 44623 Five Mile Road,
Plymouth Township, Michigan. On May 14, 2001, the Bank opened its fourth office,
located at 1325 N. Canton Center Road, Canton Township, Michigan. On December
19, 2001, the Bank opened its fifth office, located at 45000 River Ridge Drive,
Suite 110, Clinton Township, Michigan. The Bank, through its main and branch
offices, emphasizes and offers highly personalized service to its customers.

     The customer service officers are well-trained, experienced bank
officers who fill the needs of the customers and handle the requests of their
customers in a professional manner. The management of the Corporation and the
Bank believe that it is important to the success of the Bank's strategy to
create long-term relationships between customers and Bank employees. The Bank's
senior management holds regular staff information meetings so that all employees
are given information regarding the Bank's plans and objectives, and employees
are offered the opportunity to make suggestions to improve the Bank's
performance. The management of the Bank believes that this approach creates a
commitment by all employees to the Bank's success.

     The Bank offers a wide range of financial products and services. These
include checking accounts, savings accounts, money market accounts, certificates
of deposit, business checking, direct deposit, loan services (commercial,
consumer, real estate mortgages), travelers' checks, cashiers' checks, wire
transfers, safety deposit boxes, collection services, and night depository
services. The Bank deployed an automated teller machine in October of 2000 in
Dearborn, a machine in January of 2001 in Plymouth Township and a machine in May
of 2001 in Canton Township. The Bank expects to add an ATM in Clinton Township
by the end of 2002. In July of 2001, the Bank began operation of a voice
response, automated telephone banking service, available 24 hours a day. In
August 2001, the Bank installed a new proof of deposit and check imaging system
and will begin offering check imaging options including statements on CD ROM
during 2002. The Bank does not have a trust department and internet banking.

     On August 19, 1997, the Bank purchased a shell insurance agency from
the Burnham Insurance Group, Battle Creek, Michigan. Upon purchase, the Bank
renamed the agency to Community Bank Insurance Agency, Inc. Community Bank
Insurance Agency's primary functions are to act as the sales agent for the
Corporation's own insurance policies and to hold a minority interest in Michigan
Bankers Title Company of East Michigan, LLC, a title insurance company.

     On May 1, 2001, the Bank formed Community Bank Mortgage, Inc., a mortgage
company that originates, holds and sells commercial and residential mortgages.
On March 26, 2002, the Bank formed Community Bank Audit Services, Inc., a
company that will provide internal audit and compliance consulting to other
small community banks.


BUSINESS STRATEGY

     Growth Through Branch Expansion. Since commencing operations, the Bank's
growth has been accomplished through internal growth. The internal growth of the
Bank has been aided by creating a network of four offices in western Wayne
County and one office in Macomb County. During 2002, the Bank expects to add one
additional branch office.

                                       3
<PAGE>

     Emphasize Community Banking. The Bank strives to maintain a strong
commitment to community banking. The Bank's goal is to attract small to
medium-sized businesses and individuals as customers who wish to conduct
business with a local commercial bank that demonstrates an active interest in
their business and personal affairs. Management believes that the Bank is better
able than its larger competitors to deliver more timely responses to customer
requests, provide customized financial products and services and offer customers
the personal attention of senior banking officers.

     Expand Lending in the Bank's Primary Market. The Bank's loan portfolio
currently consists of residential mortgage loans, indirect consumer loans
originated through a select list of local automobile dealers, commercial real
estate loans, small business commercial loans and other consumer loans.
Management intends to maintain its emphasis on these loan products.

     Grow Through Selected Acquisitions. Although the Corporation will continue
to pursue internal growth at the Bank, management believes that growth
opportunities may be found in acquisitions of community banks or branches in
Michigan to enhance the Corporation's markets. As part of its normal business
operations, management maintains contact with financial institutions to discuss
various acquisition possibilities. However, the Corporation has made no bank or
branch acquisitions to date, and it presently has no agreements, commitments,
understandings or arrangements to acquire any other banks or branches, and there
is no assurance that the Corporation will be successful in its acquisition
strategy.


MARKETING PLAN

     The Bank's marketing plan focuses on the concepts of corporate citizenship
and personal interaction within the communities the Bank serves through
promotion of, and active participation in, a number of civic organizations and
ongoing community activities. Management believes that these efforts establish
the identity and philosophy of the Bank within the communities it serves and
allow Bank officers and employees to personally interact with local business
leaders and members of the public. The marketing plan also emphasizes direct
sales calls by Bank officers and specific telemarketing programs involving the
Bank's branch managers and customer service representatives.

     The Bank has two primary target markets: consumer financial services, with
an emphasis on individual deposit accounts, single family residential lending
and indirect automobile lending; and business financial services, with an
emphasis on deposit and loan products designed for small- to medium-sized
businesses.

     Community Club. At inception, the Bank established a "Community Club" which
has become an important marketing tool to increase the Bank's total deposits.
The Community Club is targeted at individuals over the age of 50. As of December
31, 2001, the Community Club had over 2,800 members who accounted for total
deposits of $75.6 million, or 43% of the Bank's total deposits.

     Among other things, membership in the Community Club entitles the
customer to increased personal attention and service by Bank staff and a 1/4%
premium on new certificate of deposit accounts with a minimum $1,000 balance and
one year maturity. The Bank also hosts local community events, educational
seminars and travel programs which have been well received by the Community Club
members. Management believes that the success of the Community Club and the
Bank's continued efforts to expand the benefits of the program will foster an
increase in the number of Community Club members and deposit accounts.

     Business Financial Services. The Bank's business marketing efforts are
directed by senior management, including Michael J. Ross, Warren R. Musson, H.
Kristene Rautio, Stephen C. Tarczy and Jeffrey J. Wolber with Mr. Wolber
assigned as sales manager, whose duties include administering and coordinating
the business development efforts of the Bank.

     Each Bank officer, in addition to each branch manager, is responsible for
creating new business opportunities for the Bank. The targeted list of new
business customers represents a mix of industrial, manufacturing, professional
and retail clients with an emphasis on businesses with annual sales of $10
million or less.

                                       4
<PAGE>

     The Bank has developed an aggressive telemarketing program for new
business. Businesses are identified through listings provided by the various
Chambers of Commerce, local phone directories and other sources targeted to the
communities the Bank serves. Initial sales calls are introductory in nature with
follow-up calls made to determine whether a meeting can be arranged with the
targeted company to discuss the Bank's products and services. The Bank believes
this strategy has been, and will continue to be, successful in generating new
business for the Bank.

     In addition to its telemarketing program, the Bank's officers maintain
contact with local attorneys, accountants and other representatives in the local
community that may be in a position to refer business to the Bank. The Bank also
encourages and supports its officers and employees to join and participate in
various community organizations and events.

     Through their many years of business and community leadership, each of the
Corporation's Directors has been, and will continue to be, a strong source of
referrals for the Bank.

     Consumer Financial Services. The Bank originates residential real estate
loans primarily through its retail branch facilities. Branch managers and
mortgage loan originators develop new residential mortgage applications from
several sources including real estate brokers, insurance agents, accountants,
attorneys, existing residential mortgage customers and other customers of the
Bank. An extensive telemarketing effort generates potential customers as a
result of these contacts. Additionally, the Bank has developed targeted real
estate newsletters that are mailed to an existing database composed of those
referral sources. The Bank also maintains an active role in several local real
estate boards offering product training to members.

     The Bank, as a result of its secondary market operations, is able to offer
a variety of loan products that serve the needs of first time home buyers by
providing loans for up to 103% of the purchase price with no points. Customers
desiring to construct new homes are able to obtain financing as a result of the
Bank's construction loan program that is offered in addition to the permanent
loan. Non-conforming loans, which include larger residential loans, are also
provided through the Bank's secondary marketing efforts. The Bank also provides
loans that it holds in its own portfolio on those transactions that evidence
satisfactory credit quality and income but are unable to be sold in the
secondary market for various reasons.

     The Bank originates indirect consumer loans primarily from its main office
in Dearborn, Michigan. A consumer loan officer purchases loans from a select
list of automobile dealers located in the Metropolitan Detroit Area through a
direct calling program. The Bank intends to target select additional automobile
dealers in its market area in an effort to broaden and diversify its indirect
consumer loan portfolio.

     Management believes that cross-selling of the Bank's products and services
to its existing customers is vital to expanding account relationships,
generating additional sales opportunities and increasing fee income.


LOAN POLICY

     As a routine part of the Bank's business, the Bank makes loans to
individuals and businesses located within the Bank's market area. The loan
policy of the Bank states that the function of the lending operation is
two-fold: to provide a means for the investment of funds at a profitable rate of
return with an acceptable degree of risk, and to meet the credit needs of the
responsible businesses and individuals who are customers of the Bank. However,
the Board of Directors of the Bank recognizes that in the normal business of
lending, some losses on loans will be inevitable and should be considered a part
of the normal cost of doing business. Under the loan policy, lending authority
is granted to a limited number of executive officers, each of whom has over 20
years of banking experience. Currently this group includes Michael J. Ross,
Daniel P. Brophy, Sam A. Locricchio, Warren R. Musson and Stephen C. Tarczy.

     The Bank's loan policy anticipates that priorities in extending loans will
change from time to time as interest rates, market conditions and competitive
factors change. The policy sets forth guidelines on a nondiscriminatory basis
for lending in accordance with applicable laws and regulations. The policy
describes various criteria in granting loans, including the ability to pay; the
character of the customer; evidence of financial responsibility; purpose of the
loan; knowledge of collateral and its value; terms of repayment; source of
repayment; payment history; and economic conditions.

                                       5
<PAGE>

     The loan policy specifies individual lending limits for certain officers up
to a maximum of $50,000 for unsecured loans and $100,000 for secured loans, with
loans from $100,000 to $1,000,000 requiring approval by a loan committee. Larger
loans up to the legal maximum authorized by law require the approval of the
Board of Directors of the Bank.

     The loan policy also limits the amount of funds that may be loaned against
specified types of collateral including: listed securities - 80% loan to value;
U.S. Government securities - 90% loan to value; and insured bank deposits - 100%
loan to value. As to loans secured principally by real estate, the policy
complies with the FIRREA Act of 1989 regarding appraisals of the property
offered as collateral by licensed independent appraisers. The loan policy also
provides general guidelines as to collateral, provides for environmental
reviews, contains specific limitations with respect to loans to employees,
executive officers and directors, provides for problem loan identification,
establishes a policy for the maintenance of a loan loss reserve, provides for
loan reviews and sets forth policies for mortgage lending and other matters
relating to the Bank's lending business.


LENDING PRACTICES

     Commercial loans. The Bank's commercial lending group originates commercial
loans primarily in Wayne and Macomb Counties in southeastern Michigan.
Commercial loans are originated by a group of lending officers with the
assistance of the Michael J. Ross and Warren R. Musson. Loans are originated for
general business purposes, including working capital, accounts receivable
financing, machinery and equipment acquisition, and commercial real estate
financing including new construction and land development.

     Working capital loans are often structured as a line of credit and are
reviewed periodically in connection with the borrower's year-end financial
reporting. These loans generally are secured by all of the assets of the
borrower, a personal guaranty of the owners and have an interest rate plus a
margin tied to the national prime rate. Loans for machinery and equipment
purposes typically have a maturity of five to seven years and are fully
amortizing. Commercial real estate loans are usually written with a five-year
maturity and are amortized over a twenty-year period. Commercial real estate
loans may have an interest rate that is fixed to maturity or float with a margin
over the prime rate or another index.

     The Bank evaluates all aspects of a commercial loan transaction in
order to minimize credit and interest rate risk. Underwriting includes an
assessment of management, products, markets, cash flow, capital, income and
collateral. The analysis includes a review of historical and projected financial
results. Appraisals are obtained by licensed independent appraisers who are well
known to the Bank on transactions involving real estate and, in some cases,
equipment.

     Commercial real estate lending involves more risk than residential lending,
because loan balances are greater and repayment is dependent upon the borrower's
operations. The Bank attempts to minimize risk associated with these
transactions by limiting its exposure to existing well-known customers and new
customers with an established profitable history. Risk is further reduced by
limiting the concentration of credit to any one borrower as well as the type of
commercial real estate financed.

     Single-Family Residential Real Estate Loans. The Bank originates
residential real estate loans in its market area according to secondary market
underwriting standards. These loans provide borrowers with a fixed interest rate
with terms up to thirty years. Loans are sold on a servicing released basis in
the secondary market with all interest rate risk and credit risk passed to the
purchaser. The Bank from time to time may elect to underwrite certain
residential real estate loans to be held in it's own loan portfolio. These loans
are generally underwritten with the same standards that apply to the secondary
market. The majority of the portfolio loans have an interest rate that is
indexed to the one-year treasury rate and adjusts annually.

     Consumer Loans. The Bank originates consumer loans for a wide variety of
personal financial requirements. Consumer loans include home equity lines of
credit, and loans secured by new and used automobiles, boats, savings accounts
as well as overdraft protection for checking account customers. The Bank also
purchases retail installment loans from a select list of automobile dealerships
located primarily in the Bank's market.

                                       6
<PAGE>

     Consumer loans generally have shorter terms and higher interest rates than
residential mortgage loans and, except for home equity lines of credit, usually
involve more credit risk than mortgage loans because of the type and nature of
the collateral. While the Bank does not utilize a formal credit scoring system,
the Bank believes its loans are underwritten carefully, with a strong emphasis
on the amount of the down payment, credit quality, employment stability, and
monthly income. These loans are generally repaid on a monthly repayment schedule
with the source of repayment tied to the borrower's periodic income. In
addition, consumer lending collections are dependent on the borrower's
continuing financial stability, and are thus likely to be adversely affected by
job loss, illness and personal bankruptcy. In many cases, repossessed collateral
for a defaulted consumer loan will not provide an adequate source of repayment
of the outstanding loan balance because of depreciation of the underlying
collateral. The Bank believes that the generally higher yields earned on
consumer loans compensate for the increased credit risk associated with such
loans and that consumer loans are important to its efforts to serve the credit
needs of the communities and customers that it serves.

     Allowance for Loan Losses. An allowance for loan losses is maintained at a
level that management of the Bank considers adequate to provide for losses in
the loan portfolio. Allowances for loan losses are based upon the Bank's
experience and estimates of the net realizable value of collateral in each loan
portfolio. The Board of Directors and senior management review the allowance
quarterly. The Bank's evaluation takes into consideration experience, the level
of classified assets, non-performing loans, the current level of the allowance
as it relates to the total loan portfolio, projected charge-offs, current
economic conditions, recent regulatory examinations and other factors.


EMPLOYEES

     As of March 1, 2002, the Bank had 70 employees, including 25 officers
and 45 customer service, operations and other support persons. Management
believes that the Bank's relations with its employees are excellent.


COMPETITION

     The Bank faces strong competition for deposits, loans and other financial
services from numerous banks, savings banks, thrifts, credit unions and other
financial institutions as well as other entities which provide financial
services, including consumer finance companies, securities brokerage firms,
mortgage brokers, insurance companies, mutual funds, and other lending sources
and investment alternatives. Some of the financial institutions and financial
services organizations with which the Bank competes are not subject to the same
degree of regulation as the Bank. Many of the financial institutions and
financial services organizations aggressively compete for business in the Bank's
market area. Most of these competitors have been in business for many years,
have established customer bases, are larger, have substantially higher lending
limits than the Bank, and are able to offer certain services that the Bank does
not currently provide, including more extensive branch networks, trust services,
and international banking services. In addition, most of these entities have
greater capital resources than the Bank, which, among other things, may allow
them to price their services at levels more favorable to the customer and to
provide larger credit facilities than could the Bank. Additionally, legislation
regarding interstate branching and banking may increase competition in the
future from out-of-state banks.


SUPERVISION AND REGULATION

     The Corporation is a registered bank holding company and subject to the
supervision of the Federal Reserve System ("Federal Reserve"). The Corporation
is required to file with the Federal Reserve annual reports and such other
information as the Federal Reserve may require under the Bank Holding Company
Act of 1956, as amended (the "Act"). The Corporation and the Bank are each
subject to examination by the Federal Reserve.

     The Act requires every bank holding company to obtain prior approval of the
Federal Reserve before it may merge with or consolidate into another bank
holding company, acquire substantially all assets of any bank, or acquire
ownership or control of any voting shares of any bank, if after such
acquisition, it would own or control, directly or indirectly, more than 5% of
the voting shares of such bank holding company or bank. The Federal Reserve may
in its discretion approve the acquisition by the Corporation of the voting
shares or substantially all assets of a bank located in Michigan and, subject to
certain restrictions, located in any other state.

                                       7
<PAGE>

     The Act also prohibits a bank holding company, with certain exceptions,
from acquiring direct or indirect ownership or control of more than 5% of the
voting shares of any company that is not a bank, and from engaging in any
business other than that of banking, managing and controlling banks and their
subsidiaries. Holding companies may engage in, and may own shares of companies
engaged in, certain businesses found by the Federal Reserve to be closely
related to banking or the management or control of banks. Under current
regulations of the Federal Reserve, a holding company and its non-bank
subsidiaries are permitted to engage in investment management, sales and
consumer finance, equipment leasing, data processing, discount securities
brokerage, mortgage banking and brokerage, and other activities. These
activities are subject to certain limitation imposed by the regulations.

     Transactions between the Corporation and the Bank are subject to various
restrictions imposed by state and federal law. Such transactions include loans
and other extensions of credit, purchases of securities, any payments of fees
and other distributions. Federal law places restrictions on the amount and
nature of loans to executive officers, directors and controlling persons of
banks insured by the Federal Deposit Insurance Corporation and holding companies
controlling such banks.

     The Bank is a state chartered bank and subject to regulation and
examination by the Michigan Office of Financial and Insurance Services. The Bank
also is subject to certain provisions of the Federal Deposit Insurance Act and
regulations issued under that act. The regulations affect many activities of the
Bank, including the permissible types and amounts of loans, investments, capital
adequacy, branching, interest rates payable on deposits, required reserves, and
the safety and soundness of the Bank's practices. The Bank is not a member bank
of the Federal Reserve System and is regulated and examined by the Federal
Deposit Insurance Corporation.

     A summary of consolidated net interest income, consolidated net interest
income volume / rate analysis, rate sensitivity analysis / gap analysis and
capital ratios is set forth under the caption "Management's Discussion and
Analysis of Financial Condition and Results of Operations" in the 2001 Annual
Report to Stockholders and is incorporated herein by reference.

     Executive Officers of the Corporation and Bank

     Set forth below are the names and ages of the executive officers of the
     Corporation and the Bank, positions held and the years from which held.
     There are no family relationships among such persons.

     JOHN E. DEMMER, 78
     Chairman of the Board, Dearborn Bancorp, Inc. and Community Bank of
     Dearborn
     Chairman of the Board and Director of the Corporation since 1992. Chairman
     of the Board and Director of the Bank since 1993. Chairman of the Board and
     Chief Executive Officer of Jack Demmer Ford, Inc. since 1994. Chairman of
     the Board and Chief Executive Officer of Jack Demmer Lincoln Mercury, Inc
     since 1999.

     RICHARD NORDSTROM, 74
     Vice Chairman, Dearborn Bancorp, Inc.
     Vice Chairman and Director of the Corporation since 1998. President and
     Director of the Corporation from 1992 to 1997. Director of the Bank since
     1993. Chairman of the Board of Nordstrom Samson Associates from 1960 to
     1996.

     MICHAEL J. ROSS, 51
     President, Dearborn Bancorp, Inc.
     President and Chief Executive Officer, Community Bank of Dearborn
     President and Director of the Corporation since 1998. Vice President and
     Director of the Corporation from 1993 to 1997. President, Chief Executive
     Officer, and Director of the Bank since 1993.

     JEFFREY L. KARAFA, 37
     Vice President, Treasurer and Secretary, Dearborn Bancorp, Inc.
     Senior Vice President, CFO, Cashier and Secretary, Community Bank of
     Dearborn
     Vice President and Treasurer of the Corporation since 1998. Secretary of
     the Corporation since 1999. Senior Vice President, CFO and Cashier of the
     Bank since 2000. Secretary of the Bank since 1999. Vice President of the
     Bank since 1996. Assistant Vice President of the Bank from 1994 to 1996.

                                       8
<PAGE>

     DONALD G. KARCHER, 72
     Vice President, Dearborn Bancorp, Inc.
     Vice President and Director of the Corporation since 1992. Director of the
     Bank since 1993. Chairman of the Board of Karcher Agency, Inc. since 1994.

     DANIEL P. BROPHY, 50
     Vice President, Loan Administration, Community Bank of Dearborn
     Vice President of the Bank since 2001. Vice President and Commercial Loan
     Manager of Peoples State Bank from 1995 to 2000. President and Owner,
     Farmington Mortgage Company from 1987 to 1999.

     GEORGE J. DEMOU, 36
     Vice President, Commercial Loan Officer, Community Bank of Dearborn
     Vice President of the Bank since 2000. Corporate Banking Relationship
     Manager of National City Bank during 2000. Business Banking Group Leader of
     Old Kent Bank from 1999 to 2000. Trust Officer/Investment Analyst of Bank
     One from 1998 to 1999. Small Business Relationship Manager of Bank One from
     1995 to 1998.

     JIHAD A. HACHEM, 37
     Vice President, Commercial Loan Officer, Community Bank of Dearborn
     Vice President of the Bank since 2000. Assistant Vice President and
     Commercial Loan Officer of Huntington National Bank from 1992 to 2000.

     SAM A. LOCRICCHIO, 52
     Senior Vice President, Commercial Loan Officer, Community Bank of Dearborn
     Senior Vice President of the Bank since 2001. Executive Vice President of
     Macomb Community Bank from 1996 to 2001.

     WARREN R. MUSSON, 45
     Senior Vice President, Head of Lending, Community Bank of Dearborn
     Senior Vice President of the Bank since 2000. Vice President of the Bank
     since 1999. Senior Vice President and Senior Loan Officer of Peoples State
     Bank from 1993 to 1999.

     H. KRISTENE RAUTIO, 54
     Vice President, Business Development, Community Bank of Dearborn
     Vice President of the Bank since 1999. Relationship Manager, Private Client
     Services of the former First of America Bank from 1997 to 1999. Branch
     Sales Manager of the former First of America Bank from 1996 to 1997. Retail
     Sales Manager of the former First of America Bank from 1994 to 1996.

     STEPHEN C. TARCZY, 52
     Northeast Regional President, Community Bank of Dearborn
     Northeast Regional President of the Bank since 2001. President and CEO of
     Macomb Community Bank from 1995 to 2001.

     JEFFREY J. WOLBER, 46
     Senior Vice President, Branch Operations, Community Bank of Dearborn
     Senior Vice President of the Bank since 2000. Vice President of the Bank
     since 1994.


Item 2. Properties

     The main office of the Corporation and the Bank is located in a single
story building containing 11,400 square feet at 22290 Michigan Avenue, Dearborn,
Michigan, which is owned by the Corporation and leased to the Bank.

     The Bank's Dearborn Heights, Michigan branch office is located in a single
story commercial/retail office building at 24935 W. Warren Avenue at the corner
of Silvery Lane, which is also owned by the Corporation. Approximately 79% of
the 3,240 square foot building is leased to the Bank and the remaining space is
leased to a non-affiliated tenant.

                                       9
<PAGE>

     The Bank's Plymouth Township, Michigan branch office is located at 44623
Five Mile at the corner of Sheldon Road and contains 1,595 square feet of leased
space in a retail shopping center anchored by a regional grocery store.

     The Bank's Canton Township, Michigan branch office is located in a 6,056
square foot single story commercial/retail office building at 1325 N. Canton
Center near the corner of Saltz Road and is owned by the Bank.

     The Bank's Clinton Township, Michigan administrative and branch office is
located at 45000 River Ridge Drive, Suite 110, along Hall Road (M-59) near the
corner of Romeo Plank Road. The Bank leases 7,426 of space in the River Ridge
Corporate Office Center Building.

     The Bank intends to lease a 3,750 square foot single story
commercial/retail office building currently under construction on a pad site
along Hall Road in Clinton Township, Michigan in front of the River Ridge
Corporate Office Center Building. Upon completion of the site, the branch office
will move to the pad site while the administrative, lending and operations staff
will remain in the River Ridge Corporate Office Center Building.


Item 3. Legal Proceedings

     From time to time, the Corporation and its subsidiary are parties to legal
proceedings incidental to their business. At December 31, 2001, there were no
legal proceedings which management anticipates would have a material adverse
effect on the Corporation.


Item 4. Submission of Matters to a Vote of Security Holders

     No matters were submitted to a vote of security holders during the fourth
quarter of 2001.


                                     PART II

Item 5. Market for Registrant's Common Equity, and Related Stockholder Matters

     The information required by this item appears in the Corporation's 2001
Annual Report to Stockholders under the caption "Dearborn Bancorp, Inc., Common
Stock" and is incorporated by reference herein.


Item 6. Selected Financial Data

     The information required by this item appears in the Corporation's 2001
Annual Report to Stockholders under the caption "Summary of Selected Financial
Data" and is incorporated by reference herein.


Item 7. Management's Discussion and Analysis of Financial Condition and Results
        of Operations

     The information required by this item appears in the Corporation's 2001
Annual Report to Stockholders under the caption "Management's Discussion and
Analysis of Financial Condition and Results of Operations" and is incorporated
by reference herein.


Item 7A. Quantitative and Qualitative Disclosure About Market Risk

     The Registrant is not required to provide this information as the
Registrant meets the definition of a small business issuer.


Item 8. Financial Statements and Supplementary Data

     The financial statements included in the Corporation's 2001 Annual Report
to Stockholders are incorporated by reference herein.

                                       10
<PAGE>

Item 9. Changes in and Disagreements with Accountants on Accounting and
        Financial Disclosure

     There are no changes in or disagreements with accountants on accounting and
financial disclosure.


                                    PART III


Item 10. Directors and Executive Officers of the Registrant

     The information set forth under the caption "Information about Directors
and Nominees for Directors" in the definitive Proxy Statement of the Corporation
dated April 12, 2002 is incorporated by reference herein.

     Reference is made to Part I of this report for information as to executive
officers of the Corporation and Bank.


Item 11. Executive Compensation

     The information set forth under the caption "Executive Compensation" in the
definitive Proxy Statement of the Corporation dated April 12, 2002 is
incorporated by reference herein.


Item 12. Security Ownership of Certain Beneficial Owners and Management

     The information set forth under the caption "Security Ownership" in the
definitive Proxy Statement of the Corporation dated April 12, 2002 is
incorporated by reference herein.


Item 13. Certain Relationships and Related Transactions

         The information set forth under the caption "Related Transactions" in
the definitive Proxy Statement of the Corporation dated April 12, 2002 is
incorporated by reference herein.



                                     PART IV

Item 14. Exhibits, Financial Statement Schedules and Reports on Form 8-K

         (a)(1) Financial Statements

                The following financial statements of the Corporation appear in
                the Corporation's 2001 Annual Report to Stockholders and are
                incorporated by reference in item 8.

                Report of Independent Auditors

                Consolidated Balance Sheets as of December 31, 2001 and 2000
                Consolidated Statements of Income for the years ended December
                31, 2001, 2000 and 1999

                Consolidated Statements of Changes in Stockholders' Equity for
                the years ended December 31, 2001, 2000 and 1999

                Consolidated Statements of Cash Flows for the years ended
                December 31, 2001, 2000 and 1999

                Notes to Consolidated Financial Statements

                                       11
<PAGE>

         (2)    Financial Statement Schedules

                No schedules are required under this item.

         (3)    Exhibits

                The Exhibits marked with one asterisk below were filed as
                Exhibits to the Registration Statement of the Registrant on
                Form S-18 (Registration Number 33-55808) are incorporated
                herein by reference. The Exhibit marked with two asterisks
                below was filed as an Exhibit to the Form 10-K Report of the
                Registrant for the fiscal year ended December 31, 1993 is
                incorporated herein by reference. The Exhibit marked with
                three asterisks below was filed as an Exhibit to the Form 10-K
                Report of the Registrant for the fiscal year ended December
                31, 1995 is incorporated herein by reference. The Exhibit
                marked with four asterisks below was filed as an Exhibit to
                the Form 10-Q Report of the Registrant for the quarter ended
                June 30, 1997 is incorporated herein by reference. The Exhibit
                marked with five asterisks below was filed as an Exhibit to
                the Form 10-K Report of the Registrant for the fiscal years
                ended December 2000 and 1999 is incorporated herein by
                reference. The Exhibit numbers in brackets being those in such
                Registration Statements, Form 10-K or Form 10-Q Reports.

<TABLE>
                <S>               <C>
                (3)(a)****        Articles of Incorporation of Registrant,
                                  As Amended. [3(a)]

                (3)(b)***         By-Laws of the Registrant, As Amended.  [3(b)]

                (10)(a)*          Letter re employment of Michael J. Ross by
                                  Registrant.  [10(a)]

                (10)(b)****       1994 Stock Option Plan, As Amended. [10(b)]

                (13)              2001 Annual Report to Stockholders. [13]

                (21)**            Subsidiaries of the Registrant.  [21]

                (23)*****         Opinion of Grant Thornton LLP. [23]
</TABLE>


         (b)  Reports on Form 8-K

                The Corporation filed no reports on Form 8-K during the quarter
         ended December 31, 2001.

                                       12
<PAGE>

FORM 10-K SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized, on March 26, 2002.


                             Dearborn Bancorp, Inc.




                   By         /s/  John E. Demmer
                     ---------------------------------------
                     (John E. Demmer, Chairman of the Board)


     Pursuant to the requirements of the Securities Exchange Act of 1934, this
     report has been signed below by the following persons on behalf of the
     registrant and in the capacities indicated on March 26, 2002.

<TABLE>
<S>                         <C>
/s/ John E. Demmer
---------------------       Chairman of the Board, Chief Executive Officer and Director
(John E. Demmer)            (Principal Executive Officer)

/s/ Jeffrey L. Karafa
---------------------       Vice President, Treasurer and Secretary
(Jeffrey L. Karafa)         (Principal Financial and Accounting Officer)
</TABLE>


<TABLE>
<S>                                 <C>               <C>                              <C>
/s/ Wilber M. Brucker, Jr.          Director          /s/ Jeffrey G. Longstreth        Director
--------------------------                            --------------------------
(Wilber M. Brucker, Jr.)                              (Jeffrey G. Longstreth)


/s/ Margaret I. Campbell            Director          /s/ Richard Nordstrom            Vice Chairman
--------------------------                            --------------------------       and Director
(Margaret I. Campbell)                                (Richard Nordstrom)


/s/ Michael V. Dorian, Jr.          Director          /s/ Michael J. Ross              President
--------------------------                            --------------------------       and Director
(Michael V. Dorian, Jr.)                              (Michael J. Ross)


/s/ David Himick                    Director          /s/ Robert C. Schwyn               Director
--------------------------                            --------------------------
(David Himick)                                        (Dr. Robert C. Schwyn)


/s/ Bradley F. Keller               Director          /s/ Ronnie J. Story                Director
--------------------------                            --------------------------
(Bradley F. Keller)                                   (Ronnie J. Story)


/s/ Donald G. Karcher               Director
--------------------------
(Donald G. Karcher)
</TABLE>

                                       13































<PAGE>
                                 EXHIBIT INDEX


<Table>
<Caption>

EXHIBIT
NUMBER                               DESCRIPTION
-------                              -----------
<S>                  <C>
   13                2001 Annual Report to Stockholders
</Table>