----

----

| T      | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE             |
|--------|---------------------------------------------------------------------|
|   | SECURITIES EXCHANGE ACT OF 1934                                     |
|   | For the quarterly period ended June 30, 2009                        |
|   | OR                                                                  |
| £ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE            |
|   | SECURITIES EXCHANGE ACT OF 1934                                     |
|   |                                                                |
|   | For the transition period from ________________ to ________________ |

| Michigan                                 |   | 38-2761672                        |
|------------------------------------------|--------|-----------------------------------|
| (State or other jurisdiction of          |   | (IRS Employer Identification No.) |
| incorporation or organization)           |   |                              |
| Capitol Bancorp Center                   |   |                              |
| Fourth Floor                             |   |                              |
| 200 N. Washington Square                 |   |                              |
| Lansing, Michigan                        |   | 48933                             |
| (Address of principal executive offices) |   | (Zip Code)                        |

| Yes   T | No   £ |
|------------------------|----------------------------|

| Yes   £ | No   T |
|-----------------------------|-----------------------|

| Class                      |   | Outstanding at July 17, 2009 |
|----------------------------|--------|------------------------------|
| Common Stock, No par value |   | 17,517,331 shares            |

| Yes   £ | No   T |
|-----------------------------|-----------------------|

| Large accelerated filer   £                                                                          |   |                                              | Accelerated filer   T |
|--------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------|--------------------------------------|
| Non-accelerated filer     £   (Do not check if a smaller reporting company) |   | Smaller reporting company   £ |

----

----

|  Item 1. |  Financial Statements (unaudited):                                                                          | Page   |
|---------------|------------------------------------------------------------------------------------------------------------------|--------|
|          | Condensed consolidated balance sheets – June 30, 2009 and December 31, 2008.                               | 4      |
|          | Condensed consolidated statements of operations – Three months and six monthsended June 30, 2009 and 2008. | 5      |
|          | Condensed consolidated statements of changes in equity – Six months endedJune 30, 2009 and 2008.           | 6      |
|          | Condensed consolidated statements of cash flows – Six months ended June 30,2009 and 2008.                  | 7      |
|          | Notes to condensed consolidated financial statements.                                                            | 8      |
| Item 2.       | Management's Discussion and Analysis of Financial Condition and Results of Operations.                           | 19     |
| Item 3.       | Quantitative and Qualitative Disclosures About Market Risk.                                                      | 39     |
| Item 4.       | Controls and Procedures.                                                                                         | 39     |
|          |                                                                                                             |   |
| PART II.      | OTHER INFORMATION                                                                                                |   |
|          |                                                                                                             |   |
| Item 1.       | Legal Proceedings.                                                                                               | 40     |
| Item 1A.      | Risk Factors.                                                                                                    | 40     |
| Item 2.       | Unregistered Sales of Equity Securities and Use of Proceeds.                                                     | 40     |
| Item 3.       | Defaults Upon Senior Securities.                                                                                 | 40     |
| Item 4.       | Submission of Matters to a Vote of Security Holders.                                                             | 40     |
| Item 5.       | Other Information.                                                                                               | 41     |
| Item 6.       | Exhibits.                                                                                                        | 41     |
|          |                                                                                                             |   |
| SIGNATURES    |                                                                                                             | 42     |
|          |                                                                                                             |   |
| EXHIBIT INDEX |                                                                                                             | 43     |

----

| PART I, ITEM 1                                                                                       |
|------------------------------------------------------------------------------------------------------|
|                                                                                                 |   |   |   |   |   |   |   |
| CAPITOL BANCORP LIMITED                                                                              |
| Condensed Consolidated Balance Sheets                                                                |
| As of June 30, 2009 and December 31, 2008                                                            |
| (in thousands, except share data)                                                                    |
|                                                                                                 |   |   |   |   |   |   |   |
|                                                                                                 |   |   | (Unaudited) |   |   |   |   |
|                                                                                                 |   |   | June 30, 2009 |   |   | December 31, 2008 |   |
|                                                                                                 |   |   | (As Revised--Note J) |   |   |   |   |
| ASSETS                                                                                               |   |   |   |   |   |   |   |
| Cash and due from banks                                                                              |   |   | $ | 119,801 |   |   | $ | 136,499 |   |
| Money market and interest-bearing deposits                                                           |   |   |   | 652,383 |   |   |   | 391,836 |   |
| Federal funds sold                                                                                   |   |   |   | 32,397 |   |   |   | 96,031 |   |
| Cash and cash equivalents                                                                            |   |   | 804,581 |   |   |   | 624,366 |   |
| Loans held for sale                                                                                  |   |   |   | 30,843 |   |   |   | 10,474 |   |
| Investment securities -- Note C:                                                                     |   |   |   |   |   |   |   |   |   |
|    Available for sale, carried at market value                                        |   |   |   | 13,809 |   |   |   | 15,584 |   |
|    Held for long-term investment, carried at                                          |   |   |   |   |   |   |   |   |   |
|      amortized cost which approximates fair value                           |   |   | 33,661 |   |   |   | 32,856 |   |
| Total investment securities                                                                          |   |   | 47,470 |   |   |   | 48,440 |   |
| Portfolio loans:                                                                                     |   |   |   |   |   |   |   |   |   |
|    Loans secured by real estate:                                                      |   |   |   |   |   |   |   |   |   |
|     Commercial                                                                   |   |   |   | 2,125,443 |   |   |   | 2,115,515 |   |
|     Residential (including multi-family)                                         |   |   |   | 891,710 |   |   |   | 879,754 |   |
|     Construction, land development and other land                                |   |   | 676,309 |   |   |   | 797,486 |   |
| Total loans secured by real estate                                                                   |   |   | 3,693,462 |   |   |   | 3,792,755 |   |
|    Commercial and other business-purpose loans                                        |   |   | 786,164 |   |   |   | 845,593 |   |
|    Consumer                                                                           |   |   |   | 55,830 |   |   |   | 61,340 |   |
|    Other                                                                              |   |   |   | 41,383 |   |   |   | 35,541 |   |
| Total portfolio loans                                                                                |   |   | 4,576,839 |   |   |   | 4,735,229 |   |
|    Less allowance for loan losses                                                     |   |   |   | (114,215 | ) |   |   | (93,040 | ) |
| Net portfolio loans                                                                                  |   |   | 4,462,624 |   |   |   | 4,642,189 |   |
| Premises and equipment                                                                               |   |   |   | 53,669 |   |   |   | 59,249 |   |
| Accrued interest income                                                                              |   |   |   | 17,899 |   |   |   | 18,871 |   |
| Goodwill                                                                                             |   |   |   | 71,592 |   |   |   | 72,342 |   |
| Other real estate owned                                                                              |   |   |   | 103,315 |   |   |   | 67,171 |   |
| Other assets                                                                                         |   |   |   | 131,547 |   |   |   | 111,734 |   |
|                                                                                                 |   |   |   |   |   |   |   |   |   |
|             TOTAL ASSETS                 |   |   | $ | 5,723,540 |   |   | $ | 5,654,836 |   |
|                                                                                                 |   |   |   |   |   |   |   |   |   |
| LIABILITIES AND EQUITY                                                                               |   |   |   |   |   |   |   |   |   |
| LIABILITIES:                                                                                         |   |   |   |   |   |   |   |   |   |
| Deposits:                                                                                            |   |   |   |   |   |   |   |   |   |
|    Noninterest-bearing                                                                |   |   | $ | 721,497 |   |   | $ | 700,786 |   |
|    Interest-bearing                                                                   |   |   |   | 3,973,522 |   |   |   | 3,796,826 |   |
| Total deposits                                                                                       |   |   | 4,695,019 |   |   |   | 4,497,612 |   |
| Debt obligations:                                                                                    |   |   |   |   |   |   |   |   |   |
|    Notes payable and short-term borrowings                                            |   |   | 362,575 |   |   |   | 446,925 |   |
|    Subordinated debentures -- Note G                                                  |   |   |   | 167,366 |   |   |   | 167,293 |   |
| Total debt obligations                                                                               |   |   | 529,941 |   |   |   | 614,218 |   |
| Accrued interest on deposits and other liabilities                                                   |   |   | 36,680 |   |   |   | 29,938 |   |
| Total liabilities                                                                                    |   |   | 5,261,640 |   |   |   | 5,141,768 |   |
|                                                                                                 |   |   |   |   |   |   |   |   |   |
| EQUITY:                                                                                              |   |   |   |   |   |   |   |   |   |
| Capitol Bancorp Limited stockholders' equity:                                                        |   |   |   |   |   |   |   |   |   |
|   Preferred stock, 20,000,000 shares authorized;                                           |   |   |   |   |   |   |   |   |   |
|     none issued and outstanding                                                  |   |   |   | -- |   |   |   | -- |   |
|   Common stock, no par value,  50,000,000 shares authorized;                     |   |   |   |   |   |   |   |   |
|      issued and outstanding:  2009 - 17,517,331 shares                 |   |   |   |   |   |   |   |   |
|    2008 - 17,293,908 shares                                                                |   |   | 277,000 |   |   |   | 274,018 |   |
|   Retained earnings                                                                        |   |   |   | 42,440 |   |   |   | 80,255 |   |
|   Undistributed common stock held by employee-benefit trust                                |   |   | (569 | ) |   |   | (569 | ) |
|   Fair value adjustment (net of tax effect) for investment                                 |   |   |   |   |   |   |   |   |
|      securities available for sale (accumulated other                       |   |   |   |   |   |   |   |   |
|      comprehensive income)                                                  |   |   |   | 106 |   |   |   | 144 |   |
| Total Capitol Bancorp Limited stockholders' equity                                                   |   |   | 318,977 |   |   |   | 353,848 |   |
| Noncontrolling interests in consolidated subsidiaries                                                |   |   | 142,923 |   |   |   | 159,220 |   |
| Total equity                                                                                         |   |   | 461,900 |   |   |   | 513,068 |   |
|                                                                                                 |   |   |   |   |   |   |   |   |   |
|             TOTAL LIABILITIES AND EQUITY |   | $ | 5,723,540 |   |   | $ | 5,654,836 |   |
|                                                                                                 |   |   |   |   |   |   |   |   |   |
| See notes to condensed consolidated financial statements.                                            |   |   |   |   |   |   |   |   |

----

| CAPITOL BANCORP LIMITED                                                                                                                                                                                                     |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Condensed Consolidated Statements of Operations (Unaudited)                                                                                                                                                                 |
| For the Three Months and Six Months Ended June 30, 2009 and 2008                                                                                                                                                            |
| (in thousands, except per share data)                                                                                                                                                                                       |
|                                                                                                                                                                                                                        |   |   |   |
|                                                                                                                                                                                                                        |   | Three-Month Period |   |   | Six-Month Period |   |
|                                                                                                                                                                                                                        |   | 2009 |   |   | 2008 |   |   | 2009 |   |   | 2008 |   |
| Interest income:                                                                                                                                                                                                            |   | (As Revised--Note J)  |   |   |   |   |   | (As Revised--Note J)  |   |   |   |   |
|   Portfolio loans (including fees)                                                                                                                                                                                |   | $ | 68,359 |   |   | $ | 74,238 |   |   | $ | 136,435 |   |   | $ | 151,569 |   |
|   Loans held for sale                                                                                                                                                                                             |   |   | 344 |   |   |   | 236 |   |   |   | 561 |   |   |   | 536 |   |
|   Taxable investment securities                                                                                                                                                                                   |   |   | 152 |   |   |   | 102 |   |   |   | 304 |   |   |   | 235 |   |
|   Federal funds sold                                                                                                                                                                                              |   |   | 23 |   |   |   | 1,008 |   |   |   | 58 |   |   |   | 2,221 |   |
|   Other                                                                                                                                                                                                           |   |   | 594 |   |   |   | 553 |   |   |   | 830 |   |   |   | 1,079 |   |
|                                 Total interest income       |   |   | 69,472 |   |   |   | 76,137 |   |   |   | 138,188 |   |   |   | 155,640 |   |
| Interest expense:                                                                                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Deposits                                                                                                                                                                                                        |   |   | 22,911 |   |   |   | 26,989 |   |   |   | 47,783 |   |   |   | 57,677 |   |
|   Debt obligations and other                                                                                                                                                                                      |   |   | 5,979 |   |   |   | 6,956 |   |   |   | 12,366 |   |   |   | 13,836 |   |
|                                 Total interest expense      |   |   | 28,890 |   |   |   | 33,945 |   |   |   | 60,149 |   |   |   | 71,513 |   |
|                                 Net interest income         |   |   | 40,582 |   |   |   | 42,192 |   |   |   | 78,039 |   |   |   | 84,127 |   |
| Provision for loan losses                                                                                                                                                                                                   |   |   | 33,658 |   |   |   | 9,019 |   |   |   | 67,574 |   |   |   | 17,977 |   |
| Net interest income after provision                                                                                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
|                                   for loan losses |   |   | 6,924 |   |   |   | 33,173 |   |   |   | 10,465 |   |   |   | 66,150 |   |
| Noninterest income:                                                                                                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Service charges on deposit accounts                                                                                                                                                                             |   |   | 1,505 |   |   |   | 1,457 |   |   |   | 3,007 |   |   |   | 2,790 |   |
|   Trust and wealth-management revenue                                                                                                                                                                             |   |   | 1,135 |   |   |   | 1,563 |   |   |   | 2,523 |   |   |   | 3,208 |   |
|   Fees from origination of non-portfolio residential mortgage                                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      loans                                                                                                                                                                                         |   |   | 1,496 |   |   |   | 1,063 |   |   |   | 2,398 |   |   |   | 1,984 |   |
|   Gain on sales of government-guaranteed loans                                                                                                                                                                    |   |   | 405 |   |   |   | 643 |   |   |   | 645 |   |   |   | 1,223 |   |
|   Realized gains on sale of investment securities available                                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      for sale                                                                                                                                                                                      |   |   |   |   |   |   | 2 |   |   |   | 1 |   |   |   | 45 |   |
|   Other                                                                                                                                                                                                           |   |   | 2,453 |   |   |   | 1,749 |   |   |   | 3,377 |   |   |   | 3,792 |   |
|                                Total noninterest income          |   |   | 6,994 |   |   |   | 6,477 |   |   |   | 11,951 |   |   |   | 13,042 |   |
| Noninterest expense:                                                                                                                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Salaries and employee benefits                                                                                                                                                                                  |   |   | 24,442 |   |   |   | 27,730 |   |   |   | 53,495 |   |   |   | 53,278 |   |
|   Occupancy                                                                                                                                                                                                       |   |   | 4,843 |   |   |   | 4,500 |   |   |   | 9,734 |   |   |   | 8,904 |   |
|   Equipment rent, depreciation and maintenance                                                                                                                                                                    |   |   | 3,201 |   |   |   | 3,008 |   |   |   | 6,634 |   |   |   | 5,874 |   |
|   Costs associated with foreclosed properties and other                                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      real estate owned                                                                                                                                                                             |   |   | 4,202 |   |   |   | 1,181 |   |   |   | 8,561 |   |   |   | 2,092 |   |
|   FDIC insurance premiums and other regulatory fees                                                                                                                                                               |   |   | 5,348 |   |   |   | 933 |   |   |   | 7,462 |   |   |   | 1,870 |   |
|   Other                                                                                                                                                                                                           |   |   | 8,124 |   |   |   | 10,436 |   |   |   | 16,221 |   |   |   | 20,575 |   |
|                               Total noninterest expense               |   |   | 50,160 |   |   |   | 47,788 |   |   |   | 102,107 |   |   |   | 92,593 |   |
|                               Loss before income tax benefit          |   |   | (36,242 | ) |   |   | (8,138 | ) |   |   | (79,691 | ) |   |   | (13,401 | ) |
| Income tax benefit                                                                                                                                                                                                          |   |   | (13,282 | ) |   |   | (2,701 | ) |   |   | (28,824 | ) |   |   | (4,696 | ) |
|                               NET LOSS                                |   |   | (22,960 | ) |   |   | (5,437 | ) |   |   | (50,867 | ) |   |   | (8,705 | ) |
| Less net losses attributable to noncontrolling interests                                                                                                                                                                    |   |   | 6,656 |   |   |   | 6,060 |   |   |   | 13,889 |   |   |   | 11,519 |   |
|                                                                                                                                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| NET INCOME (LOSS) ATTRIBUTABLE TO                                                                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| CAPITOL BANCORP LIMITED                                                                                                                                                                                                     |   | $ | (16,304 | ) |   | $ | 623 |   |   | $ | (36,978 | ) |   | $ | 2,814 |   |
|                                                                                                                                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| NET INCOME (LOSS) PER SHARE ATTRIBUTABLE                                                                                                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| TO CAPITOL BANCORP LIMITED -- Note F:                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                Basic                             |   | $ | (0.95 | ) |   | $ | 0.04 |   |   | $ | (2.15 | ) |   | $ | 0.16 |   |
|                                                                                                                                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                Diluted                           |   | $ | (0.95 | ) |   | $ | 0.04 |   |   | $ | (2.15 | ) |   | $ | 0.16 |   |
|                                                                                                                                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| See notes to condensed consolidated financial statements.                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| CAPITOL BANCORP LIMITED                                                  |   |
|--------------------------------------------------------------------------|--------|
| Condensed Consolidated Statements of Changes in Equity (Unaudited)       |   |
| For the Six Months Ended June 30, 2009 and 2008                          |   |
| (in thousands, except share and per share data)                          |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                     |   | Capitol Bancorp Limited Stockholders' Equity |   |   |   |   |   |
|                                                                     |   |   |   |   |   |   |   |   |   | Total Capitol |   |   |   |   |   |
|                                                                     |   |   |   |   |   | Undistributed |   | Accumulated |   | Bancorp  |   | Noncontrolling |   |   |   |
|                                                                     |   |   |   |   |   | Common Stock |   | Other |   | Limited |   | Interests in |   |   |   |
|                                                                     |   | Common |   | Retained |   | Held by Employee- |   | Comprehensive |   | Stockholders' |   | Consolidated |   | Total |   |
|                                                                     |   | Stock |   | Earnings |   | Benefit Trust |   | Income |   | Equity |   | Subsidiaries |   | Equity |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Six Months Ended June 30, 2008                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balances at January 1, 2008                                              |   | $ | 272,208 |   | $ | 117,520 |   | $ | (586 | ) | $ | 3 |   | $ | 389,145 |   | $ | 156,198 |   | $ | 545,343 |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Investment in consolidated subsidiaries by noncontrolling                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    interests                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 22,411 |   |   | 22,411 |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Issuance of 3,174 shares of common stock upon exercise                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    of stock options                                       |   |   | 54 |   |   |   |   |   |   |   |   |   |   |   | 54 |   |   |   |   |   | 54 |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Surrender of 14,138 shares of common stock to facilitate                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    vesting of restricted stock                            |   |   | (285 | ) |   |   |   |   |   |   |   |   |   |   | (285 | ) |   |   |   |   | (285 | ) |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Issuance of 18,312 unvested shares of restricted common                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    stock, net of related unearned employee compensation        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    and 6,822 forfeited shares                             |   |   | -- |   |   |   |   |   |   |   |   |   |   |   | -- |   |   |   |   |   | -- |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Recognition of compensation expense relating to restricted               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    common stock and stock options                         |   |   | 1,172 |   |   |   |   |   |   |   |   |   |   |   | 1,172 |   |   |   |   |   | 1,172 |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tax effect of share-based payments                                       |   |   | 2 |   |   |   |   |   |   |   |   |   |   |   | 2 |   |   |   |   |   | 2 |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Transfer of 205 shares of common stock to employee stock                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    ownership plan                                         |   |   | (2 | ) |   |   |   |   | 6 |   |   |   |   |   | 4 |   |   |   |   |   | 4 |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash dividends paid ($0.40 per share)                                    |   |   |   |   |   | (6,927 | ) |   |   |   |   |   |   |   | (6,927 | ) |   |   |   |   | (6,927 | ) |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Components of comprehensive loss:                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Net income (loss)                                      |   |   |   |   |   | 2,814 |   |   |   |   |   |   |   |   | 2,814 |   |   | (11,519 | ) |   | (8,705 | ) |
|    Fair value adjustment for investment securities             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      available for sale (net of income tax effect)   |   |   |   |   |   |   |   |   | (14 | ) |   | (14 | ) |   |   |   |   | (14 | ) |
|          Comprehensive loss |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (8,719 | ) |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     BALANCES AT JUNE 30, 2008                        |   | $ | 273,149 |   | $ | 113,407 |   | $ | (580 | ) | $ | (11 | ) | $ | 385,965 |   | $ | 167,090 |   | $ | 553,055 |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Six Months Ended June 30, 2009 (As Revised--Note J)                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balances at January 1, 2009                                              |   | $ | 274,018 |   | $ | 80,255 |   | $ | (569 | ) | $ | 144 |   | $ | 353,848 |   | $ | 159,220 |   | $ | 513,068 |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Investment in consolidated subsidiary by noncontrolling                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    interests                                              |   |   |   |   |   | 27 |   |   |   |   |   |   |   |   | 27 |   |   | 134 |   |   | 161 |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Issuance of 227,357 shares of common stock to acquire                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    noncontrolling interest in consolidated subsidiary     |   |   | 2,542 |   |   |   |   |   |   |   |   |   |   |   | 2,542 |   |   | (2,542 | ) |   | -- |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Surrender of 3,934 shares of common stock to facilitate                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    vesting of restricted stock                            |   |   | (23 | ) |   |   |   |   |   |   |   |   |   |   | (23 | ) |   |   |   |   | (23 | ) |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Recognition of compensation expense relating to restricted               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    common stock and stock options                         |   |   | 580 |   |   |   |   |   |   |   |   |   |   |   | 580 |   |   |   |   |   | 580 |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tax effect of share-based payments                                       |   |   | (117 | ) |   |   |   |   |   |   |   |   |   |   | (117 | ) |   |   |   |   | (117 | ) |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash dividends paid ($0.05 per share)                                    |   |   |   |   |   | (864 | ) |   |   |   |   |   |   |   | (864 | ) |   |   |   |   | (864 | ) |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Components of comprehensive loss:                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Net loss                                               |   |   |   |   |   | (36,978 | ) |   |   |   |   |   |   |   | (36,978 | ) |   | (13,889 | ) |   | (50,867 | ) |
|    Fair value adjustment for investment securities             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      available for sale (net of income tax effect)   |   |   |   |   |   |   |   |   | (38 | ) |   | (38 | ) |   |   |   |   | (38 | ) |
|          Comprehensive loss |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (37,016  | )  |   |   |   |   | (50,905 | ) |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     BALANCES AT JUNE 30, 2009                        |   | $ | 277,000 |   | $ | 42,440 |   | $ | (569 | ) | $ | 106 |   | $ | 318,977 |   | $ | 142,923 |   | $ | 461,900 |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| See notes to condensed consolidated financial statements.                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| CAPITOL BANCORP LTD.                                                                                                                       |
|--------------------------------------------------------------------------------------------------------------------------------------------|
| Condensed Consolidated Statements of Cash Flows (Unaudited)                                                                                |
| For the Six Months Ended June 30, 2009 and 2008                                                                                            |
| (in thousands)                                                                                                                             |
|                                                                                                                                       |   |   |   |   |   |   |
|                                                                                                                                       |   | 2009 |   |   | 2008 |   |
|                                                                                                                                       |   | (As Revised--Note J) |   |   |   |   |
| OPERATING ACTIVITIES                                                                                                                       |   |   |   |   |   |   |
|   Net loss                                                                                                                       |   | $ | (50,867 | ) |   | $ | (8,705 | ) |
|   Adjustments to reconcile net loss to net cash provided                                                                         |   |   |   |   |   |   |   |   |
|     (used) by operating activities:                                                                                    |   |   |   |   |   |   |   |   |
|       Provision for loan losses                                                                              |   |   | 67,574 |   |   |   | 17,977 |   |
|       Depreciation of premises and equipment                                                                 |   |   | 5,419 |   |   |   | 5,005 |   |
|       Amortization of intangibles                                                                            |   |   | 238 |   |   |   | 241 |   |
|       Net amortization (accretion) of investment security                                                    |   |   |   |   |   |   |   |   |
|          premiums (discounts)                                                                 |   |   | (43 | ) |   |   | 6 |   |
|       Loss on sale of premises and equipment                                                                 |   |   | 18 |   |   |   | 44 |   |
|       Gain on sales of government-guaranteed loans                                                           |   |   | (645 | ) |   |   | (1,223 | ) |
|       Realized gains on sales of investment securities available                                             |   |   |   |   |   |   |   |   |
|          for sale                                                                             |   |   | (1 | ) |   |   | (45 | ) |
|       Loss on sales of other real estate owned                                                               |   |   | 722 |   |   |   | 308 |   |
|       Reduction in other real estate owned                                                                   |   |   | 6,785 |   |   |   | 2,085 |   |
|       Amortization of issuance costs of subordinated debentures                                              |   |   | 73 |   |   |   | 47 |   |
|       Share-based compensation expense                                                                       |   |   | 580 |   |   |   | 1,172 |   |
|       Deferred income tax credit                                                                             |   |   | (28,036 | ) |   |   |   |   |
|   Originations and purchases of loans held for sale                                                                              |   |   | (204,779 | ) |   |   | (120,855 | ) |
|   Proceeds from sales of loans held for sale                                                                                     |   |   | 184,410 |   |   |   | 125,960 |   |
|   Decrease (increase) in accrued interest income and other assets                                                                |   |   | 9,742 |   |   |   | (18,112 | ) |
|   Increase (decrease) in accrued interest expense on deposits and                                                                     |   |   |   |   |
|      other liabilities                                                                                            |   |   | 6,742 |   |   |   | (112 | ) |
|                                                                                                                                       |   |   |   |   |   |   |   |   |
| NET CASH PROVIDED (USED) BY OPERATING                                                                                                      |   |   |   |   |   |
|                    ACTIVITIES               |   |   | (2,068 | ) |   |   | 3,793 |   |
|                                                                                                                                       |   |   |   |   |   |   |   |   |
| INVESTING ACTIVITIES                                                                                                                       |   |   |   |   |   |   |   |   |
|   Proceeds from sales of investment securities available for sale                                                                |   |   |   |   |   |   | 885 |   |
|   Proceeds from calls, prepayments and maturities of investment                                                                       |   |   |   |   |   |
|      securities                                                                                                   |   |   | 10,474 |   |   |   | 10,761 |   |
|   Purchases of investment securities                                                                                             |   |   | (9,529 | ) |   |   | (16,004 | ) |
|   Net decrease (increase) in portfolio loans                                                                                     |   |   | 61,046 |   |   |   | (295,176 | ) |
|   Proceeds from sales of premises and equipment                                                                                  |   |   | 1,935 |   |   |   | 126 |   |
|   Purchases of premises and equipment                                                                                            |   |   | (1,792 | ) |   |   | (6,537 | ) |
|   Proceeds from sale of other real estate owned                                                                                  |   |   | 7,939 |   |   |   | 3,529 |   |
|                                                                                                                                       |   |   |   |   |   |   |   |   |
| NET CASH PROVIDED (USED) BY INVESTING                                                                                                      |   |   |   |   |   |
|                    ACTIVITIES               |   |   | 70,073 |   |   |   | (302,416 | ) |
|                                                                                                                                       |   |   |   |   |   |   |   |   |
| FINANCING ACTIVITIES                                                                                                                       |   |   |   |   |   |   |   |   |
|   Net increase in demand deposits, NOW accounts and savings                                                                           |   |   |   |   |
|      accounts                                                                                                     |   |   | 117,679 |   |   |   | 50,514 |   |
|   Net increase in certificates of deposit                                                                                        |   |   | 79,728 |   |   |   | 262,375 |   |
|   Net borrowings from debt obligations                                                                                           |   |   | 6,652 |   |   |   | 5,538 |   |
|   Proceeds from Federal Home Loan Bank advances                                                                                  |   |   | 1,842,341 |   |   |   | 995,755 |   |
|   Payments on Federal Home Loan Bank advances                                                                                    |   |   | (1,933,343 | ) |   |   | (883,192 | ) |
|   Resources provided by noncontrolling interests                                                                                 |   |   | 134 |   |   |   | 22,411 |   |
|   Net proceeds from issuance of common stock                                                                                     |   |   |   |   |   |   | 54 |   |
|   Tax effect of share-based payments                                                                                             |   |   | (117 | ) |   |   | 2 |   |
|   Cash dividends paid                                                                                                            |   |   | (864 | ) |   |   | (6,927 | ) |
|                                                                                                                                       |   |   |   |   |   |   |   |   |
|                 NET CASH PROVIDED BY FINANCING ACTIVITIES  |   |   | 112,210 |   |   |   | 446,530 |   |
|                                                                                                                                       |   |   |   |   |   |   |   |   |
|                 INCREASE IN CASH AND CASH EQUIVALENTS      |   |   | 180,215 |   |   |   | 147,907 |   |
|                                                                                                                                       |   |   |   |   |   |   |   |   |
| Cash and cash equivalents at beginning of period                                                                                           |   |   | 624,366 |   |   |   | 352,372 |   |
|                                                                                                                                       |   |   |   |   |   |   |   |   |
|                                                                                                                                       |   |   |   |   |   |   |   |   |
|                 CASH AND CASH EQUIVALENTS AT END OF PERIOD |   | $ | 804,581 |   |   | $ | 500,279 |   |
|                                                                                                                                       |   |   |   |   |   |   |   |   |
| Supplemental disclosure of cash flow information:                                                                                          |   |   |   |   |   |   |   |   |
|   Cash paid during the period for interest                                                                                       |   | $ | 61,056 |   |   | $ | 72,609 |   |
|   Transfers of loans to other real estate owned                                                                                  |   |   | 51,590 |   |   |   | 34,381 |   |
|   Surrender of common stock to facilitate exercise of stock                                                                      |   |   |   |   |   |   |   |   |
|      options and vesting of restricted stock                                                                      |   |   | 23 |   |   |   | 285 |   |
|                                                                                                                                       |   |   |   |   |   |   |   |   |
| See notes to condensed consolidated financial statements.                                                                                  |   |   |   |   |   |   |   |   |

----

----

----

|                                      |   | June 30, 2009 |   |   | December 31, 2008  |   |
|-------------------------------------------|--------|---------------|--------|--------|--------------------|--------|
|                                      |   | AmortizedCost |   |   | EstimatedFairValue |   |   | AmortizedCost |   |   | EstimatedFairValue |   |
| Available for sale:                       |   |          |   |   |               |   |   |   |   |   |   |   |
| United States government agencysecurities |   | $             | 6,840  |   |               | $      | 6,850 |   |   | $ | 9,785 |   |   | $ | 9,913 |   |
| Mortgage backed securities                |   |          | 6,041  |   |               |   | 6,177 |   |   |   | 4,813 |   |   |   | 4,890 |   |
| Municipals                                |   |          | 767    |   |               |   | 782 |   |   |   | 768 |   |   |   | 781 |   |
|                                      |   |          | 13,648 |   |               |   | 13,809 |   |   |   | 15,366 |   |   |   | 15,584 |   |
| Held for long-term investment:            |   |          |   |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Federal Reserve Bank stock                |   |          | 192    |   |               |   | 192 |   |   |   | 146 |   |   |   | 146 |   |
| Federal Home Loan Bank stock              |   |          | 26,676 |   |               |   | 26,676 |   |   |   | 26,053 |   |   |   | 26,053 |   |
| Corporate                                 |   |          | 6,642  |   |               |   | 6,642 |   |   |   | 6,591 |   |   |   | 6,591 |   |
| Other                                     |   |          | 151    |   |               |   | 151 |   |   |   | 66 |   |   |   | 66 |   |
|                                      |   |          | 33,661 |   |               |   | 33,661 |   |   |   | 32,856 |   |   |   | 32,856 |   |
|                                      |   |          |   |   |               |   |   |   |   |   |   |   |   |   |   |   |
|                                      |   | $             | 47,309 |   |               | $      | 47,470 |   |   | $ | 48,222 |   |   | $ | 48,440 |   |

|                                      |   | June 30, 2009 |   |   | December 31, 2008 |   |
|-------------------------------------------|--------|---------------|--------|--------|-------------------|--------|
|                                      |   | Gains         |   |   | Losses            |   |   | Gains |   |   | Losses |   |
| United States government agencysecurities |   | $             | 13     |   |              | $      | 3 |   |   | $ | 128 |   |   | $ | -- |   |
| Mortgage backed securities                |   |          | 138    |   |              |   | 2 |   |   |   | 85 |   |   |   | 8 |   |
| Municipals                                |   |          | 15     |   |              |   | -- |   |   |   | 13 |   |   |   | -- |   |
|                                      |   |          |   |   |              |   |   |   |   |   |   |   |   |   |   |   |
|                                      |   | $             | 166    |   |              | $      | 5 |   |   | $ | 226 |   |   | $ | 8 |   |

|                                      |   | June 30, 2009  |   |   | December 31, 2008 |   |
|-------------------------------------------|--------|----------------|--------|--------|-------------------|--------|
|                                      |   | UnrealizedLoss |   |   | CarryingValue     |   |   | UnrealizedLoss |   |   | CarryingValue |   |
|                                      |   |           |   |   |              |   |   |   |   |   |   |   |
| One year or less:                         |   |           |   |   |              |   |   |   |   |   |   |   |
| United States government agencysecurities |   | $              | 3      |   |              | $      | 597 |   |   | $ | -- |   |   | $ | -- |   |
| Mortgage backed securities                |   |           | 1      |   |              |   | 29 |   |   |   | 4 |   |   |   | 281 |   |
|                                      |   |           | 4      |   |              |   | 626 |   |   |   | 4 |   |   |   | 281 |   |
| In excess of one year:                    |   |           |   |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Mortgage backed securities                |   |           | 1      |   |              |   | 51 |   |   |   | 4 |   |   |   | 501 |   |
|                                      |   |           |   |   |              |   |   |   |   |   |   |   |   |   |   |   |
|                                      |   | $              | 5      |   |              | $      | 677 |   |   | $ | 8 |   |   | $ | 782 |   |

----

|                                     |   | AmortizedCost |   |   | EstimatedFair Value |   |
|------------------------------------------|--------|---------------|--------|--------|---------------------|--------|
|                                     |   |          |   |   |                |   |
| Due in one year or less                  |   | $             | 4,937  |   |                | $      | 4,942 |   |
| After one year, through five years       |   |          | 2,504  |   |                |   | 2,522 |   |
| After five years, through ten years      |   |          | 593    |   |                |   | 602 |   |
| After ten years                          |   |          | 5,614  |   |                |   | 5,743 |   |
| Securities held for long-term investment |   |          |   |   |                |   |   |   |
| without stated maturities                |   |          | 33,661 |   |                |   | 33,661 |   |
|                                     |   |          |   |   |                |   |   |   |
|                                     |   | $             | 47,309 |   |                | $      | 47,470 |   |

|   | Level 1:  Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Level 2:  Significant observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; or other inputs that are observable or can be derived from or corroborated by observable market data by correlation or other means. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Level 3:  Significant unobservable inputs that reflect the reporting entity's own assumptions about the assumptions that market participants would use in pricing an asset or liability. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Investment securities available for sale:  Securities available for sale are recorded at fair value on a recurring basis.  Fair value measurement is based on quoted prices, when available (Level 1).  If quoted prices are not available, fair values are measured using independent pricing models (Level 2). |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Mortgage loans held for sale:  Mortgage loans held for sale are carried at the lower of cost or fair value and are measured on a nonrecurring basis.  There were no mortgage loans held for sale written down to fair value at June 30, 2009.  Fair value is based on independent quoted market prices, where applicable, or the prices for other mortgage whole loans with similar characteristics. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | Loans:  The Corporation does not record loans at fair value on a recurring basis.  However, from time to time, nonrecurring fair value adjustments to collateral dependent loans are recorded to reflect partial write-downs based on the observable market price, current appraised value of the collateral or other estimates of fair value. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Other real estate owned:  At the time of foreclosure, foreclosed properties are adjusted to fair value less estimated costs to sell upon transfer from portfolio loans to other real estate owned, establishing a new accounting basis.  The Corporation subsequently adjusts fair value on other real estate owned on a nonrecurring basis to reflect partial write-downs based on the observable market price, current appraised value of the asset or other estimates of fair value. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                      |   | Total  |      |   | Significant OtherObservable Inputs(Level 2) |   |
|-------------------------------------------|--------|--------|-----------|--------|---------------------------------------------|--------|
|                                      |   |   |      |   |                                        |   |
| Investment securities available for sale: |   |   |      |   |                                        |   |
| United State government agencysecurities  |   | $      | 6,850     |   |                                        | $      | 6,850 |   |
| Mortgage backed securities                |   |   | 6,177     |   |                                        |   | 6,177 |   |
| Municipals                                |   |   |  782 |   |                                        |   |  782 |   |
|                                      |   | $      | 13,809    |   |                                        | $      | 13,809 |   |

|                                      |   | Total  |      |   | Significant OtherObservable Inputs(Level 2) |   |
|-------------------------------------------|--------|--------|-----------|--------|---------------------------------------------|--------|
|                                      |   |   |      |   |                                        |   |
| Investment securities available for sale: |   |   |      |   |                                        |   |
| United State government agencysecurities  |   | $      | 9,913     |   |                                        | $      | 9,913 |   |
| Mortgage backed securities                |   |   | 4,890     |   |                                        |   | 4,890 |   |
| Municipals                                |   |   |  781 |   |                                        |   |  781 |   |
|                                      |   | $      | 15,584    |   |                                        | $      | 15,584 |   |

|                    |   | As Revised  |    |
|-------------------------|--------|------------------|---------|
|                    |   | Total            |    |   | SignificantUnobservableInputs (1)(Level 3) |   |
|                    |   |             |    |   |   |   |
| Impaired loans          |   | $                | 68,938  |   |   | $ | 68,938 |   |
|                    |   |             |    |   |   |   |   |   |
| Other real estate owned |   | $                | 103,315 |   |   | $ | 103,315 |   |

| (1)   | Represents carrying value based on the appraised value of the applicable collateral or foreclosed property or other estimates of fair value. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------|

----

|               |   | Total  |    |   | Significant OtherObservable Inputs(Level 2) |   |
|--------------------|--------|--------|---------|--------|---------------------------------------------|--------|
|               |   |   |    |   |                                        |   |
| Impaired loans (1) |   | $      | 103,580 |   |                                        | $      | 103,580 |   |

| (1)   | Represents carrying value and related write-downs for which adjustments are based on the appraised value of the collateral. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------|

----

|                                         |   | June 30, 2009 (As Revised)  |          |   | December 31, 2008  |   |
|----------------------------------------------|--------|----------------------------------|---------------|--------|-------------------------|--------|
|                                         |   | CarryingValue                    |          |   | EstimatedFair Value     |   |   | CarryingValue |   |   | EstimatedFair Value |   |
| Financial assets:                            |   |                             |          |   |                    |   |   |   |   |   |   |   |
| Cash and cash equivalents                    |   | $                                | 804,581       |   |                    | $      | 804,581 |   |   | $ | 624,366 |   |   | $ | 624,366 |   |
| Loans held for sale                          |   |                             | 30,843        |   |                    |   | 30,843 |   |   |   | 10,474 |   |   |   | 10,474 |   |
| Investment securities:                       |   |                             |          |   |                    |   |   |   |   |   |   |   |   |   |   |   |
| Available for sale                           |   |                             | 13,809        |   |                    |   | 13,809 |   |   |   | 15,584 |   |   |   | 15,584 |   |
| Held for long-term investment                |   |                             | 33,661        |   |                    |   | 33,661 |   |   |   | 32,856 |   |   |   | 32,856 |   |
|                                         |   |                             | 47,470        |   |                    |   | 47,470 |   |   |   | 48,440 |   |   |   | 48,440 |   |
| Portfolio loans:                             |   |                             |          |   |                    |   |   |   |   |   |   |   |   |   |   |   |
| Loans secured by real estate:                |   |                             |          |   |                    |   |   |   |   |   |   |   |   |   |   |   |
| Commercial                                   |   |                             | 2,125,443     |   |                    |   | 2,106,646 |   |   |   | 2,115,515 |   |   |   | 2,105,204 |   |
| Residential (including multi-family)         |   |                             | 891,710       |   |                    |   | 877,000 |   |   |   | 879,754 |   |   |   | 865,406 |   |
| Construction, land development and otherland |   |                             |  676,309 |   |                    |   |  622,624 |   |   |   |  797,486 |   |   |   |  753,028 |   |
| Total loans secured by real estate           |   |                             | 3,693,462     |   |                    |   | 3,606,270 |   |   |   | 3,792,755 |   |   |   | 3,723,638 |   |
| Commercial and other business-purpose loans  |   |                             | 786,164       |   |                    |   | 778,303 |   |   |   | 845,593 |   |   |   | 830,283 |   |
| Consumer                                     |   |                             | 55,830        |   |                    |   | 56,066 |   |   |   | 61,340 |   |   |   | 62,313 |   |
| Other                                        |   |                             | 41,383        |   |                    |   | 39,447 |   |   |   | 35,541 |   |   |   | 32,504 |   |
| Total portfolio loans                        |   |                             | 4,576,839     |   |                    |   | 4,480,086 |   |   |   | 4,735,229 |   |   |   | 4,648,738 |   |
| Less allowance for loan losses               |   |                             | (114,215      | )      |                    |   | (114,215 | ) |   |   | (93,040 | ) |   |   | (93,040 | ) |
| Net portfolio loans                          |   |                             | 4,462,624     |   |                    |   | 4,365,871 |   |   |   | 4,642,189 |   |   |   | 4,555,698 |   |
|                                         |   |                             |          |   |                    |   |   |   |   |   |   |   |   |   |   |   |
| Financial liabilities:                       |   |                             |          |   |                    |   |   |   |   |   |   |   |   |   |   |   |
| Deposits:                                    |   |                             |          |   |                    |   |   |   |   |   |   |   |   |   |   |   |
| Noninterest-bearing                          |   |                             | 721,497       |   |                    |   | 721,497 |   |   |   | 700,786 |   |   |   | 700,786 |   |
| Interest-bearing:                            |   |                             |          |   |                    |   |   |   |   |   |   |   |   |   |   |   |
| Demand accounts                              |   |                             | 1,328,138     |   |                    |   | 1,328,138 |   |   |   | 1,231,170 |   |   |   | 1,231,172 |   |
| Time certificates of less than $100,000      |   |                             | 956,677       |   |                    |   | 959,751 |   |   |   | 1,160,221 |   |   |   | 1,161,411 |   |
| Time certificates of $100,000 or more        |   |                             | 1,688,707     |   |                    |   | 1,690,283 |   |   |   | 1,405,435 |   |   |   | 1,408,431 |   |
| Total interest-bearing                       |   |                             | 3,973,522     |   |                    |   | 3,978,172 |   |   |   | 3,796,826 |   |   |   | 3,801,014 |   |
| Total deposits                               |   |                             | 4,695,019     |   |                    |   | 4,699,669 |   |   |   | 4,497,612 |   |   |   | 4,501,800 |   |
| Notes payable and short-term borrowings      |   |                             | 362,575       |   |                    |   | 363,701 |   |   |   | 446,925 |   |   |   | 447,490 |   |
| Subordinated debentures                      |   |                             | 167,366       |   |                    |   | 170,841 |   |   |   | 167,293 |   |   |   | 170,841 |   |

----

|                     |   | Number ofStock OptionsOutstanding |          |   | ExercisePriceRange |   |                            | WeightedAverageExercisePrice |   |
|--------------------------|--------|-----------------------------------|---------------|--------|--------------------|--------|---------------------------------|------------------------------|--------|
|                     |   |                              |          |   |               |   |                            |                         |   |
| Outstanding at January 1 |   |                              | 2,374,159     |   |               | $      | 13.50 to $ 46.20 |                         |   | $ | 28.28 |   |
| Granted                  |   |                              | 69,520        |   |               |   | 6.04                            |                         |   |   | 6.04 |   |
| Exercised                |   |                              | --            |   |               |   |                            |                         |   |   |   |   |
| Cancelled or expired     |   |                              |  (15,814 | )      |               |   |                            |                         |   |   |   |   |
|                     |   |                              |          |   |               |   |                            |                         |   |   |   |   |
| Outstanding at June 30   |   |                              | 2,427,865     |   |               | $      | 6.04 to $ 46.20  |                         |   | $ | 27.70 |   |

|                |                           |   |              |      |          | Weighted Average |
|---------------------|--------------------------------|--------|-------------------|-----------|---------------|------------------|
| Exercise PriceRange |                           |   | NumberOutstanding |      |          | ExercisePrice    |   | RemainingContractualLife |
|                |                           |   |              |      |          |             |   |   |
| $                   |   5.00 to 14.99 |   |              |      | 69,520        |             |   | $ | 6.04 |   |      6.61 years |
| $                   | 15.00 to 19.99       |   |              |      | 135,853       |             |   |   | 16.67 |   |      1.23 years |
| $                   | 20.00 to 24.99       |   |              |      | 574,450       |             |   |   | 21.69 |   |      2.30 years |
| $                   | 25.00 to 29.99       |   |              |      | 585,415       |             |   |   | 27.09 |   |      1.15 years |
| $                   | 30.00 to 34.99       |   |              |      | 695,119       |             |   |   | 32.10 |   |      2.19 years |
| $              | 35.00 or more        |   |              |      |  367,508 |             |   |   | 37.92 |   |      3.42 years |
|                |                           |   |              |      |          |             |   |   |   |   |   |
| Total outstanding   |                           |   |              | 2,427,865 |          |             |   |   |   |   |

----

|                                                                                                                         |   | Three Month Period |                |   | Six Month Period |   |
|------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|---------------------|--------|------------------|--------|
|                                                                                                                         |   | 2009               |                |   | 2008             |   |   | 2009 |   |   | 2008 |   |
|                                                                                                                         |   | (As Revised)  |                |   |             |   |   | (As Revised)  |   |   |   |   |
|                                                                                                                         |   |               |                |   |             |   |   |   |   |   |   |   |
| Numerator—net income (loss) attributable toCapitol Bancorp Limited for the period                                      |   | $                  | (16,304             | )      |             | $      | 623 |   |   | $ | (36,978 | ) |   | $ | 2,814 |   |
|                                                                                                                         |   |               |                |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Denominator:                                                                                                                 |   |               |                |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average number of shares outstanding,excluding unvested restricted shares(denominator for basic earnings per share) |   |               |    17,244 |   |             |   |    17,144 |   |   |   |    17,203 |   |   |   |    17,143 |   |
|                                                                                                                         |   |               |                |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Effect of dilutive securities:                                                                                               |   |               |                |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Unvested restricted shares                                                                                                   |   |               | --                  |   |             |   | 33 |   |   |   | -- |   |   |   | 27 |   |
| Stock options                                                                                                                |   |               | --                  |   |             |   | -- |   |   |   | -- |   |   |   | 9 |   |
| Total effect of dilutive securities                                                                                          |   |               | --                  |   |             |   | 33 |   |   |   | -- |   |   |   | 36 |   |
|                                                                                                                         |   |               |                |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Denominator for diluted earnings per share—                                                                            |   |               |                |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average number of shares andpotential dilution                                                                      |   |               |  17,244        |   |             |   |  17,177 |   |   |   |  17,203 |   |   |   |  17,179 |   |
|                                                                                                                         |   |               |                |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Number of antidilutive stock options excludedfrom diluted earnings per share computation                                     |   |               |  2,428         |   |             |   |  2,494 |   |   |   |  2,428 |   |   |   |  2,269 |   |
|                                                                                                                         |   |               |                |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Number of antidilutive unvested restricted sharesexcluded from diluted earnings per sharecomputation                         |   |               |    123    |   |             |   |    83 |   |   |   |    123 |   |   |   |    78 |   |

----

----

|                                                                                                                           |   | For the Three Months EndedJune 30, 2009 |    |   | As of and for the Six Months EndedJune 30, 2009 |   |
|--------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------|---------|--------|-------------------------------------------------|--------|
|                                                                                                                           |   | AsPreviouslyReported                    |    |   |  Adjustment                                |   |   |  As Revised |   |   | AsPreviouslyReported |   |   |  Adjustment |   |   |  As Revised |   |
|                                                                                                                           |   |                                    |    |   |                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net portfolio loans                                                                                                            |   |                                    |    |   |                                            |   |   |   |   |   | $ | 4,466,213 |   |   | $ | (3,589 | ) |   | $ | 4,462,624 |   |
| Other real estate owned                                                                                                        |   |                                    |    |   |                                            |   |   |   |   |   |   | 103,739 |   |   |   | (424 | ) |   |   | 103,315 |   |
| Other assets                                                                                                                   |   |                                    |    |   |                                            |   |   |   |   |   |   | 130,142 |   |   |   | 1,405 |   |   |   | 131,547 |   |
| Total assets                                                                                                                   |   |                                    |    |   |                                            |   |   |   |   |   |   | 5,726,148 |   |   |   | (2,608 | ) |   |   | 5,723,540 |   |
| Retained earnings                                                                                                              |   |                                    |    |   |                                            |   |   |   |   |   |   | 45,048 |   |   |   | (2,608 | ) |   |   | 42,440 |   |
| Total Capitol Bancorp     Limited stockholders'     equity                             |   |                                    |    |   |                                            |   |   |   |   |   |   |    321,585 |   |   |   | (2,608 | ) |   |   |    318,977 |   |
|                                                                                                                           |   |                                    |    |   |                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Provision for loan losses                                                                                                      |   | $                                       | 35,813  |   |                                            | $      | (2,155 | ) |   | $ | 33,658 |   |   |   | 63,985 |   |   |   | 3,589 |   |   |   | 67,574 |   |
| Noninterest expense                                                                                                            |   |                                    | 51,688  |   |                                            |   | (1,528 | ) |   |   | 50,160 |   |   |   | 101,683 |   |   |   | 424 |   |   |   | 102,107 |   |
| Loss before income taxes                                                                                                       |   |                                    | (39,925 | )      |                                            |   | 3,683 |   |   |   | (36,242 | ) |   |   | (75,678 | ) |   |   | (4,013 | ) |   |   | (79,691 | ) |
| Income taxes benefit                                                                                                           |   |                                    | (14,571 | )      |                                            |   | 1,289 |   |   |   | (13,282 | ) |   |   | (27,419 | ) |   |   | (1,405 | ) |   |   | (28,824 | ) |
| Net loss                                                                                                                       |   |                                    | (25,354 | )      |                                            |   | 2,394 |   |   |   | (22,960 | ) |   |   | (48,259 | ) |   |   | (2,608 | ) |   |   | (50,867 | ) |
| Net loss attributable to     Capitol Bancorp Limited                                                       |   |                                    | (18,698 | )      |                                            |   |  2,394 |   |   |   | (16,304 | ) |   |   | (34,370 | ) |   |   | (2,608 | ) |   |   | (36,978 | ) |
| Net loss per share attributable     to Capitol Bancorp Limited     (basic and diluted) |   | $                                       | (1.08   | )      |                                            | $      |  0.13 |   |   | $ | (0.95 | ) |   | $ | (2.00 | ) |   | $ | (0.15 | ) |   | $ | (2.15 | ) |

----

|                            |   | Total Assets  |      |
|---------------------------------|--------|---------------|-----------|
|                            |   | June 30, 2009 |      |   | December 31, 2008 |   |
|                            |   | (As Revised)  |      |   |   |   |
| Arizona Region:                 |   |          |      |   |   |   |
| Arrowhead Community Bank        |   | $             | 83,918    |   |   | $ | 80,606 |   |
| Asian Bank of Arizona           |   |          | 41,911    |   |   |   | 38,127 |   |
| Bank of Tucson                  |   |          | 205,047   |   |   |   | 189,869 |   |
| Camelback Community Bank        |   |          | 90,586    |   |   |   | 93,754 |   |
| Central Arizona Bank            |   |          | 84,894    |   |   |   | 79,775 |   |
| Colonia Bank                    |   |          | 13,740    |   |   |   | 12,522 |   |
| Mesa Bank                       |   |          | 232,329   |   |   |   | 248,262 |   |
| Southern Arizona Community Bank |   |          | 91,852    |   |   |   | 88,146 |   |
| Sunrise Bank of Albuquerque     |   |          | 77,879    |   |   |   | 81,977 |   |
| Sunrise Bank of Arizona         |   |          | 139,456   |   |   |   | 119,395 |   |
| Yuma Community Bank             |   |          | 71,743    |   |   |   | 73,028 |   |
| Arizona Region Total            |   |          | 1,133,355 |   |   |   | 1,105,461 |   |
|                            |   |          |      |   |   |   |   |   |
| California Region:              |   |          |      |   |   |   |   |   |
| Bank of Escondido               |   |          | 100,215   |   |   |   | 96,803 |   |
| Bank of Feather River           |   |          | 33,616    |   |   |   | 29,218 |   |
| Bank of San Francisco           |   |          | 81,148    |   |   |   | 74,670 |   |
| Bank of Santa Barbara           |   |          | 58,984    |   |   |   | 72,076 |   |
| Napa Community Bank             |   |          | 158,232   |   |   |   | 149,093 |   |
| Point Loma Community Bank       |   |          | 71,036    |   |   |   | 61,514 |   |
| Sunrise Bank of San Diego       |   |          | 94,144    |   |   |   | 86,322 |   |
| Sunrise Community Bank          |   |          | 41,191    |   |   |   | 36,139 |   |
| California Region Total         |   |          | 638,566   |   |   |   | 605,835 |   |
|                            |   |          |      |   |   |   |   |   |
| Colorado Region:                |   |          |      |   |   |   |   |   |
| Fort Collins Commerce Bank      |   |          | 86,163    |   |   |   | 80,247 |   |
| Larimer Bank of Commerce        |   |          | 89,610    |   |   |   | 88,725 |   |
| Loveland Bank of Commerce       |   |          | 36,754    |   |   |   | 32,034 |   |
| Mountain View Bank of Commerce  |   |          | 43,321    |   |   |   | 37,740 |   |
| Colorado Region Total           |   |          | 255,848   |   |   |   | 238,746 |   |
|                            |   |          |      |   |   |   |   |   |
| Great Lakes Region:             |   |          |      |   |   |   |   |   |
| Bank of Auburn Hills            |   |          | 41,516    |   |   |   | 43,856 |   |
| Bank of Maumee                  |   |          | 51,773    |   |   |   | 56,812 |   |
| Bank of Michigan                |   |          | 82,422    |   |   |   | 78,716 |   |
| Capitol National Bank           |   |          | 242,481   |   |   |   | 245,354 |   |
| Elkhart Community Bank          |   |          | 110,171   |   |   |   | 99,917 |   |
| Evansville Commerce Bank        |   |          | 62,009    |   |   |   | 63,228 |   |
| Goshen Community Bank           |   |          | 82,993    |   |   |   | 87,419 |   |
| Michigan Commerce Bank(1)       |   |          | 1,211,634 |   |   |   | 1,275,125 |   |

----

|                            |   | Total Assets  |      |
|---------------------------------|--------|--------------------|-----------|
|                            |   | June 30, 2009      |      |   | December 31, 2008 |   |
|                            |   | (As Revised)       |      |   |   |   |
| Great Lakes Region: - Continued |   |               |      |   |   |   |
| Ohio Commerce Bank              |   | $                  | 58,567    |   |   | $ | 60,678 |   |
| Paragon Bank & Trust        |   |               | 114,216   |   |   |   | 107,491 |   |
| Great Lakes Region Total        |   |               | 2,057,782 |   |   |   | 2,118,596 |   |
|                            |   |               |      |   |   |   |   |   |
| Midwest Region:                 |   |               |      |   |   |   |   |   |
| Adams Dairy Bank                |   |               | 38,915    |   |   |   | 33,867 |   |
| Bank of Belleville              |   |               | 73,815    |   |   |   | 73,901 |   |
| Community Bank of Lincoln       |   |               | 55,652    |   |   |   | 53,222 |   |
| Summit Bank of Kansas City      |   |               | 61,241    |   |   |   | 53,429 |   |
| Midwest Region Total            |   |               | 229,623   |   |   |   | 214,419 |   |
|                            |   |               |      |   |   |   |   |   |

| Nevada Region:                |   |   |      |   |   |   |
|-------------------------------|--------|--------|-----------|--------|--------|--------|
| 1st Commerce Bank             |   |   | 45,075    |   |   |   | 52,622 |   |
| Bank of Las Vegas             |   |   | 71,494    |   |   |   | 73,692 |   |
| Black Mountain Community Bank |   |   | 163,766   |   |   |   | 157,545 |   |
| Desert Community Bank         |   |   | 94,408    |   |   |   | 100,312 |   |
| Red Rock Community Bank       |   |   | 124,120   |   |   |   | 126,993 |   |
| Nevada Region Total           |   |   | 498,863   |   |   |   | 511,164 |   |
|                          |   |   |      |   |   |   |   |   |
| Northeast Region:             |   |   |      |   |   |   |   |   |
| USNY Bank                     |   |   | 63,700    |   |   |   | 49,620 |   |
|                          |   |   |      |   |   |   |   |   |
| Northwest Region:             |   |   |      |   |   |   |   |   |
| Bank of Bellevue              |   |   | 56,346    |   |   |   | 55,841 |   |
| Bank of Everett               |   |   | 45,731    |   |   |   | 44,756 |   |
| Bank of Tacoma                |   |   | 47,645    |   |   |   | 44,241 |   |
| High Desert Bank              |   |   | 50,075    |   |   |   | 41,904 |   |
| Issaquah Community Bank       |   |   | 37,857    |   |   |   | 36,942 |   |
| Northwest Region Total        |   |   | 237,654   |   |   |   | 223,684 |   |
|                          |   |   |      |   |   |   |   |   |
| Southeast Region:             |   |   |      |   |   |   |   |   |
| Bank of Valdosta              |   |   | 54,628    |   |   |   | 58,995 |   |
| Community Bank of Rowan       |   |   | 141,598   |   |   |   | 138,341 |   |
| First Carolina State Bank     |   |   | 119,331   |   |   |   | 119,774 |   |
| Peoples State Bank            |   |   | 29,106    |   |   |   | 29,233 |   |
| Pisgah Community Bank         |   |   | 51,983    |   |   |   | 36,897 |   |
| Sunrise Bank of Atlanta       |   |   | 60,624    |   |   |   | 62,198 |   |
| Southeast Region Total        |   |   | 457,270   |   |   |   | 445,438 |   |
|                          |   |   |      |   |   |   |   |   |
| Texas Region:                 |   |   |      |   |   |   |   |   |
| Bank of Fort Bend             |   |   | 33,111    |   |   |   | 26,424 |   |
| Bank of Las Colinas           |   |   | 43,694    |   |   |   | 31,354 |   |
| Texas Region Total            |   |   | 76,805    |   |   |   | 57,778 |   |
|                          |   |   |      |   |   |   |   |   |
| Parent company and other, net |   |   | 74,074    |   |   |   | 84,095 |   |
|                          |   |   |      |   |   |   |   |   |
| Consolidated Totals           |   | $      | 5,723,540 |   |   | $      | 5,654,836 |   |

| (1) | Michigan Commerce Bank resulted from the merger of Ann Arbor Commerce Bank, Brighton Commerce Bank, Detroit Commerce Bank, Grand Haven Bank, Kent Commerce Bank, Macomb Community Bank, Muskegon Commerce Bank, Oakland Commerce Bank and Portage Commerce Bank effective March 31, 2009. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

|                                                                        |   | Periods Ended June 30 |          |
|-----------------------------------------------------------------------------|--------|-----------------------|---------------|
|                                                                        |   | Three Month Period    |          |   | Six Month Period |   |
|                                                                        |   | 2009                  |          |   | 2008 |   |   | 2009 |   |   | 2008 |   |
|                                                                        |   | (As Revised)          |          |   |   |   |   |   | (As Revised)  |   |   |   |   |   |
| Allowance for loan losses at beginning of period                            |   | $                     | 99,629        |   |   | $ | 61,666 |   |   | $ | 93,040 |   |   | $ | 58,124 |   |
|                                                                        |   |                  |          |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans charged-off:                                                          |   |                  |          |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans secured by real estate:                                               |   |                  |          |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Commercial                                                                  |   |                  | (2,052        | ) |   |   | (2,772 | ) |   |   | (5,625 | ) |   |   | (3,444 | ) |
| Residential (including multi-family)                                        |   |                  | (6,994        | ) |   |   | (1,013 | ) |   |   | (14,897 | ) |   |   | (3,163 | ) |
| Construction, land development and other land                               |   |                  |  (5,731  | ) |   |   |  (1,761 | ) |   |   |  (13,916 | ) |   |   |  (3,120 | ) |
| Total loans secured by realestate                                           |   |                  | (14,777       | ) |   |   | (5,546 | ) |   |   | (34,438 | ) |   |   | (9,727 | ) |
| Commercial and other business-purpose loans                                 |   |                  | (4,567        | ) |   |   | (2,496 | ) |   |   | (12,769 | ) |   |   | (4,297 | ) |
| Consumer                                                                    |   |                  | (252          | ) |   |   | (55 | ) |   |   | (544 | ) |   |   | (189 | ) |
| Other                                                                       |   |                  |  (1      | ) |   |   |  (34 | ) |   |   |  (1 | ) |   |   |   (34 | ) |
| Total charge-offs                                                           |   |                  | (19,597       | ) |   |   | (8,131 | ) |   |   | (47,752 | ) |   |   | (14,247 | ) |
| Recoveries:                                                                 |   |                  |          |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans secured by real estate:                                               |   |                  |          |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Commercial                                                                  |   |                  | 20            |   |   |   | 600 |   |   |   | 122 |   |   |   | 718 |   |
| Residential (including multi-family)                                        |   |                  | 154           |   |   |   | 376 |   |   |   | 201 |   |   |   | 460 |   |
| Construction, land development and other land                               |   |                  |   2 |   |   |   |  197 |   |   |   |  121 |   |   |   |  223 |   |
| Total loans secured by realestate                                           |   |                  |  176     |   |   |   |  1,173 |   |   |   |  444 |   |   |   |  1,401 |   |
| Commercial and other business-purpose loans                                 |   |                  | 335           |   |   |   | 153 |   |   |   | 879 |   |   |   | 583 |   |
| Consumer                                                                    |   |                  | 14            |   |   |   | 24 |   |   |   | 29 |   |   |   | 65 |   |
| Other                                                                       |   |                  |  --      |   |   |   |  -- |   |   |   |  1 |   |   |   |  1 |   |
| Total recoveries                                                            |   |                  |  525     |   |   |   |  1,350 |   |   |   |  1,353 |   |   |   |  2,050 |   |
| Net charge-offs                                                             |   |                  | (19,072       | ) |   |   | (6,781 | ) |   |   | (46,399 | ) |   |   | (12,197 | ) |
| Additions to allowance charged to expense                                   |   |                  |  33,658  |   |   |   |  9,019 |   |   |   |  67,574 |   |   |   |  17,977 |   |
|                                                                        |   |                  |          |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Allowance for loan losses at June 30                                        |   | $                     | 114,215       |   |   | $ | 63,904 |   |   | $ | 114,215 |   |   | $ | 63,904 |   |
|                                                                        |   |                  |          |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Average total portfolio loans for the period                                |   | $                     | 4,649,187     |   |   | $ | 4,541,327 |   |   | $ | 4,684,544 |   |   | $ | 4,472,508 |   |
|                                                                        |   |                  |          |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ratio of net charge-offs (annualized) to averageportfolio loans outstanding |   |                  |  1.64    | % |   |   |  0.60 | % |   |   |  1.98 | % |   |   |  0.55 | % |

----

|                                         |   | June 30, 2009 |         |   | December 31, 2008                |   |
|----------------------------------------------|--------|---------------|--------------|--------|----------------------------------|--------|
|                                         |   | Amount        |         |   | Percentageof TotalPortfolioLoans |   |   | Amount |   |   | Percentageof TotalPortfolioLoans |   |
|                                         |
|                                         |
|                                         |
|                                         |   |          |         |   |                             |   |   |   |   |   |   |   |
| Loans secured by real estate:                |   |          |         |   |                             |   |   |   |   |   |   |   |
| Commercial                                   |   | $             | 36,999       |   |                             |   | 0.82 | % |   | $ | 30,007 |   |   |   | 0.63 | % |
| Residential (including multi-family)         |   |          | 23,594       |   |                             |   | 0.51 | % |   |   | 21,645 |   |   |   | 0.46 | % |
| Construction, land development andother land |   |          |  20,957 |   |                             |   | 0.46 | % |   |   |  17,496 |   |   |   | 0.37 | % |
| Total loans secured by real estate           |   |          | 81,550       |   |                             |   | 1.79 | % |   |   | 69,148 |   |   |   | 1.46 | % |
| Commercial and other business-purpose loans  |   |          | 31,027       |   |                             |   | 0.68 | % |   |   | 22,547 |   |   |   | 0.47 | % |
| Consumer                                     |   |          | 1,373        |   |                             |   | 0.03 | % |   |   | 1,032 |   |   |   | 0.02 | % |
| Other                                        |   |          | 265          |   |                             |   |   |   |   |   | 313 |   |   |   | 0.01 | % |
|                                         |   |          |         |   |                             |   |   |   |   |   |   |   |   |   |   |   |
| Total allowance for loan losses              |   | $             | 114,215      |   |                             |   | 2.50 | % |   | $ | 93,040 |   |   |   | 1.96 | % |

----

|                                                |   | June 30,2009 |          |   | March 31,2009 |   |         | December 31,2008 |   |
|-----------------------------------------------------|--------|--------------|---------------|--------|---------------|--------|--------------|------------------|--------|
|                                                |   | (As Revised) |          |   | (As Revised)  |   |         |             |   |
| Nonaccrual loans:                                   |   |         |          |   |          |   |         |             |   |
| Loans secured by real estate:                       |   |         |          |   |          |   |         |             |   |
| Commercial                                          |   | $            | 84,879        |   |          | $      | 67,248       |             |   | $ | 39,892 |   |
| Residential (including multi-family)                |   |         | 54,235        |   |          |   | 60,246       |             |   |   | 35,675 |   |
| Construction, land development and other land       |   |         | 87,006        |   |          |   | 76,390       |             |   |   | 72,996 |   |
| Total loans secured by real estate                  |   |         | 226,120       |   |          |   | 203,884      |             |   |   | 148,563 |   |
| Commercial and other business-purpose loans         |   |         | 24,756        |   |          |   | 16,964       |             |   |   | 16,283 |   |
| Consumer                                            |   |         | 586           |   |          |   | 356          |             |   |   | 190 |   |
| Total nonaccrual loans                              |   |         | 251,462       |   |          |   | 221,204      |             |   |   | 165,036 |   |
|                                                |   |         |          |   |          |   |         |             |   |   |   |   |
| Past due (>90 days) loans and accruing interest: |   |         |          |   |          |   |         |             |   |   |   |   |
| Loans secured by real estate:                       |   |         |          |   |          |   |         |             |   |   |   |   |
| Commercial                                          |   |         | 2,706         |   |          |   | 2,345        |             |   |   | 1,623 |   |
| Residential (including multi-family)                |   |         | 1,318         |   |          |   | 2,371        |             |   |   | 365 |   |
| Construction, land development and other land       |   |         | 4,284         |   |          |   | 109          |             |   |   | 2,293 |   |
| Total loans secured by real estate                  |   |         | 8,308         |   |          |   | 4,825        |             |   |   | 4,281 |   |
| Commercial and other business-purpose loans         |   |         | 1,152         |   |          |   | 636          |             |   |   | 747 |   |
| Consumer                                            |   |         | 42            |   |          |   | 50           |             |   |   | 146 |   |
| Total past due loans                                |   |         | 9,502         |   |          |   | 5,511        |             |   |   | 5,174 |   |
|                                                |   |         |          |   |          |   |         |             |   |   |   |   |
| Total nonperforming loans                           |   | $            | 260,964       |   |          | $      | 226,715      |             |   | $ | 170,210 |   |
|                                                |   |         |          |   |          |   |         |             |   |   |   |   |
| Real estate owned and otherrepossessed assets       |   |         |  103,529 |   |          |   |  85,122 |             |   |   |  67,449 |   |
|                                                |   |         |          |   |          |   |         |             |   |   |   |   |
| Total nonperforming assets                          |   | $            | 364,493       |   |          | $      | 311,837      |             |   | $ | 237,659 |   |

----

----

|                            |   |                  |      |   | Allowance for |   |      |                |   |   | Allowance as a Percentage |   |
|---------------------------------|--------|-----------------------|-----------|--------|---------------|--------|-----------|---------------------|--------|--------|---------------------------|--------|
|                            |   | Total Portfolio Loans |      |   | Loan Losses   |   |      | Nonperforming Loans |   |   | of Total Portfolio Loans  |   |
|                            |   | June 30,2009          |      |   | Dec 31,2008   |   |      | June 30,2009        |   |   | Dec 31,2008               |   |   | June 30,2009 |   |   | Dec 31,2008 |   |   | June 30,2009 |   |   | Dec 31,2008 |   |
|                            |   | (As Revised)          |      |   |          |   |      |                |   |   |                      |   |   | (As Revised) |   |   |   |   |   | (As Revised) |   |   |   |   |
| Arizona Region:                 |   |                  |      |   |          |   |      |                |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Arrowhead Community Bank        |   | $                     | 56,664    |   |          | $      | 69,487    |                |   | $      | 4,321                     |   |   | $ | 2,375 |   |   | $ | 7,135 |   |   | $ | 7,430 |   |   |   | 7.63 | % |   |   | 3.42 | % |
| Asian Bank of Arizona           |   |                  | 33,184    |   |          |   | 33,023    |                |   |   | 990                       |   |   |   | 694 |   |   |   | 1,560 |   |   |   | 1,898 |   |   |   | 2.98 | % |   |   | 2.10 | % |
| Bank of Tucson                  |   |                  | 153,309   |   |          |   | 168,390   |                |   |   | 1,552                     |   |   |   | 1,550 |   |   |   | 7,284 |   |   |   | 2,462 |   |   |   | 1.01 | % |   |   | 0.92 | % |
| Camelback Community Bank        |   |                  | 80,465    |   |          |   | 84,957    |                |   |   | 1,550                     |   |   |   | 789 |   |   |   | 2,938 |   |   |   | 2,030 |   |   |   | 1.93 | % |   |   | 0.93 | % |
| Central Arizona Bank            |   |                  | 68,231    |   |          |   | 69,372    |                |   |   | 1,900                     |   |   |   | 1,339 |   |   |   | 2,409 |   |   |   | 1,895 |   |   |   | 2.78 | % |   |   | 1.93 | % |
| Colonia Bank                    |   |                  | 9,857     |   |          |   | 7,483     |                |   |   | 256                       |   |   |   | 120 |   |   |   |   |   |   |   |   |   |   |   | 2.60 | % |   |   | 1.60 | % |
| Mesa Bank                       |   |                  | 122,591   |   |          |   | 147,853   |                |   |   | 2,381                     |   |   |   | 3,250 |   |   |   | 18,418 |   |   |   | 21,423 |   |   |   | 1.94 | % |   |   | 2.20 | % |
| Southern Arizona Community Bank |   |                  | 74,909    |   |          |   | 79,434    |                |   |   | 1,080                     |   |   |   | 875 |   |   |   | 353 |   |   |   |   |   |   |   | 1.44 | % |   |   | 1.10 | % |
| Sunrise Bank of Albuquerque     |   |                  | 68,021    |   |          |   | 74,115    |                |   |   | 1,550                     |   |   |   | 933 |   |   |   | 5,486 |   |   |   | 43 |   |   |   | 2.28 | % |   |   | 1.26 | % |
| Sunrise Bank of Arizona         |   |                  | 93,817    |   |          |   | 110,131   |                |   |   | 2,224                     |   |   |   | 1,159 |   |   |   | 9,410 |   |   |   | 3,707 |   |   |   | 2.37 | % |   |   | 1.05 | % |
| Yuma Community Bank             |   |                  | 59,137    |   |          |   | 63,804    |                |   |   | 675                       |   |   |   | 730 |   |   |   | 2,096 |   |   |   | 1,506 |   |   |   | 1.14 | % |   |   | 1.14 | % |
| Arizona Region Total            |   |                  | 820,185   |   |          |   | 908,049   |                |   |   | 18,479                    |   |   |   | 13,814 |   |   |   | 57,089 |   |   |   | 42,394 |   |   |   | 2.25 | % |   |   | 1.52 | % |
|                            |   |                  |      |   |          |   |      |                |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| California Region:              |   |                  |      |   |          |   |      |                |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Bank of Escondido               |   |                  | 70,300    |   |          |   | 62,608    |                |   |   | 1,573                     |   |   |   | 810 |   |   |   | 2,811 |   |   |   | 817 |   |   |   | 2.24 | % |   |   | 1.29 | % |
| Bank of Feather River           |   |                  | 29,139    |   |          |   | 22,962    |                |   |   | 360                       |   |   |   | 320 |   |   |   |   |   |   |   |   |   |   |   | 1.24 | % |   |   | 1.39 | % |
| Bank of San Francisco           |   |                  | 71,680    |   |          |   | 60,772    |                |   |   | 1,125                     |   |   |   | 823 |   |   |   | 165 |   |   |   | 299 |   |   |   | 1.57 | % |   |   | 1.35 | % |
| Bank of Santa Barbara           |   |                  | 50,863    |   |          |   | 60,535    |                |   |   | 1,347                     |   |   |   | 1,138 |   |   |   | 2,054 |   |   |   | 1,841 |   |   |   | 2.65 | % |   |   | 1.88 | % |
| Napa Community Bank             |   |                  | 137,168   |   |          |   | 130,150   |                |   |   | 2,091                     |   |   |   | 1,890 |   |   |   |   |   |   |   | 1,848 |   |   |   | 1.52 | % |   |   | 1.45 | % |
| Point Loma Community Bank       |   |                  | 54,713    |   |          |   | 52,497    |                |   |   | 951                       |   |   |   | 797 |   |   |   | 2,288 |   |   |   | 795 |   |   |   | 1.74 | % |   |   | 1.52 | % |
| Sunrise Bank of San Diego       |   |                  | 75,124    |   |          |   | 76,282    |                |   |   | 2,041                     |   |   |   | 1,048 |   |   |   | 2,176 |   |   |   | 1,444 |   |   |   | 2.72 | % |   |   | 1.37 | % |
| Sunrise Community Bank          |   |                  | 32,982    |   |          |   | 28,355    |                |   |   | 535                       |   |   |   | 440 |   |   |   | 1,585 |   |   |   |   |   |   |   | 1.62 | % |   |   | 1.55 | % |
| California Region Total         |   |                  | 521,969   |   |          |   | 494,161   |                |   |   | 10,023                    |   |   |   | 7,266 |   |   |   | 11,079 |   |   |   | 7,044 |   |   |   | 1.92 | % |   |   | 1.47 | % |
|                            |   |                  |      |   |          |   |      |                |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Colorado Region:                |   |                  |      |   |          |   |      |                |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Fort Collins Commerce Bank      |   |                  | 78,911    |   |          |   | 74,280    |                |   |   | 1,380                     |   |   |   | 1,101 |   |   |   | 962 |   |   |   | 48 |   |   |   | 1.75 | % |   |   | 1.48 | % |
| Larimer Bank of Commerce        |   |                  | 80,040    |   |          |   | 78,638    |                |   |   | 1,400                     |   |   |   | 1,160 |   |   |   |   |   |   |   |   |   |   |   | 1.75 | % |   |   | 1.48 | % |
| Loveland Bank of Commerce       |   |                  | 32,949    |   |          |   | 27,251    |                |   |   | 705                       |   |   |   | 652 |   |   |   | 1,709 |   |   |   | 1,090 |   |   |   | 2.14 | % |   |   | 2.39 | % |
| Mountain View Bank of Commerce  |   |                  | 37,556    |   |          |   | 32,180    |                |   |   | 565                       |   |   |   | 474 |   |   |   | 598 |   |   |   |   |   |   |   | 1.50 | % |   |   | 1.47 | % |
| Colorado Region Total           |   |                  | 229,456   |   |          |   | 212,349   |                |   |   | 4,050                     |   |   |   | 3,387 |   |   |   | 3,269 |   |   |   | 1,138 |   |   |   | 1.77 | % |   |   | 1.60 | % |
|                            |   |                  |      |   |          |   |      |                |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Great Lakes Region:             |   |                  |      |   |          |   |      |                |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Bank of Auburn Hills            |   |                  | 33,971    |   |          |   | 39,914    |                |   |   | 1,310                     |   |   |   | 988 |   |   |   | 1,591 |   |   |   | 2,895 |   |   |   | 3.86 | % |   |   | 2.48 | % |
| Bank of Maumee                  |   |                  | 42,245    |   |          |   | 50,094    |                |   |   | 729                       |   |   |   | 752 |   |   |   | 468 |   |   |   | 37 |   |   |   | 1.73 | % |   |   | 1.50 | % |
| Bank of Michigan                |   |                  | 66,412    |   |          |   | 67,700    |                |   |   | 1,025                     |   |   |   | 996 |   |   |   | 698 |   |   |   | 306 |   |   |   | 1.54 | % |   |   | 1.47 | % |
| Capitol National Bank           |   |                  | 196,755   |   |          |   | 213,392   |                |   |   | 8,719                     |   |   |   | 8,341 |   |   |   | 21,610 |   |   |   | 12,828 |   |   |   | 4.43 | % |   |   | 3.91 | % |
| Elkhart Community Bank          |   |                  | 80,449    |   |          |   | 87,971    |                |   |   | 3,005                     |   |   |   | 1,702 |   |   |   | 5,688 |   |   |   | 3,941 |   |   |   | 3.74 | % |   |   | 1.93 | % |
| Evansville Commerce Bank        |   |                  | 49,150    |   |          |   | 55,779    |                |   |   | 1,171                     |   |   |   | 943 |   |   |   | 1,164 |   |   |   | 158 |   |   |   | 2.38 | % |   |   | 1.69 | % |
| Goshen Community Bank           |   |                  | 69,168    |   |          |   | 74,144    |                |   |   | 1,679                     |   |   |   | 1,501 |   |   |   | 1,309 |   |   |   | 876 |   |   |   | 2.43 | % |   |   | 2.02 | % |
| Michigan Commerce Bank(1)       |   |                  | 1,051,935 |   |          |   | 1,127,348 |                |   |   | 35,648                    |   |   |   | 30,258 |   |   |   | 88,332 |   |   |   | 63,092 |   |   |   | 3.39 | % |   |   | 2.68 | % |
| Ohio Commerce Bank              |   |                  | 50,352    |   |          |   | 48,207    |                |   |   | 814                       |   |   |   | 723 |   |   |   |   |   |   |   |   |   |   |   | 1.62 | % |   |   | 1.50 | % |
| Paragon Bank & Trust        |   |                  | 73,759    |   |          |   | 87,651    |                |   |   | 3,312                     |   |   |   | 2,990 |   |   |   | 7,783 |   |   |   | 6,447 |   |   |   | 4.49 | % |   |   | 3.41 | % |
| Great Lakes Region Total        |   |                  | 1,714,196 |   |          |   | 1,852,200 |                |   |   | 57,412                    |   |   |   | 49,194 |   |   |   | 128,643 |   |   |   | 90,580 |   |   |   | 3.35 | % |   |   | 2.66 | % |
|                            |   |                  |      |   |          |   |      |                |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Midwest Region:                 |   |                  |      |   |          |   |      |                |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Adams Dairy Bank                |   |                  | 33,681    |   |          |   | 28,834    |                |   |   | 505                       |   |   |   | 450 |   |   |   |   |   |   |   |   |   |   |   | 1.50 | % |   |   | 1.56 | % |
| Bank of Belleville              |   |                  | 63,319    |   |          |   | 65,150    |                |   |   | 938                       |   |   |   | 923 |   |   |   |   |   |   |   |   |   |   |   | 1.48 | % |   |   | 1.42 | % |
| Community Bank of Lincoln       |   |                  | 45,427    |   |          |   | 43,657    |                |   |   | 1,000                     |   |   |   | 674 |   |   |   | 590 |   |   |   |   |   |   |   | 2.20 | % |   |   | 1.54 | % |
| Summit Bank of Kansas City      |   |                  | 46,191    |   |          |   | 44,068    |                |   |   | 711                       |   |   |   | 709 |   |   |   | 1,509 |   |   |   | 779 |   |   |   | 1.54 | % |   |   | 1.61 | % |
| Midwest Region Total            |   |                  | 188,618   |   |          |   | 181,709   |                |   |   | 3,154                     |   |   |   | 2,756 |   |   |   | 2,099 |   |   |   | 779 |   |   |   | 1.67 | % |   |   | 1.52 | % |

----

|                          |   |                  |      |   | Allowance for |   |      |                |   |   | Allowance as a Percentage |   |
|-------------------------------|--------|-----------------------|-----------|--------|---------------|--------|-----------|---------------------|--------|--------|---------------------------|--------|
|                          |   | Total Portfolio Loans |      |   | Loan Losses   |   |      | Nonperforming Loans |   |   | of Total Portfolio Loans  |   |
|                          |   | June 30,2009          |      |   | Dec 31,2008   |   |      | June 30,2009        |   |   | Dec 31,2008               |   |   | June 30,2009 |   |   | Dec 31,2008 |   |   | June 30,2009 |   |   | Dec 31,2008 |   |
|                          |   | (As Revised)          |      |   |          |   |      |                |   |   |                      |   |   | (As Revised) |   |   |   |   |   | (As Revised) |   |   |   |   |
| Nevada Region:                |   |                  |      |   |          |   |      |                |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 1st Commerce Bank             |   | $                     | 37,065    |   |          | $      | 30,663    |                |   | $      | 1,192                     |   |   | $ | 740 |   |   | $ | 5,894 |   |   | $ | 1,000 |   |   |   | 3.22 | % |   |   | 2.41 | % |
| Bank of Las Vegas             |   |                  | 64,156    |   |          |   | 64,648    |                |   |   | 930                       |   |   |   | 901 |   |   |   | 7,600 |   |   |   | 4,399 |   |   |   | 1.45 | % |   |   | 1.39 | % |
| Black Mountain Community Bank |   |                  | 144,865   |   |          |   | 143,654   |                |   |   | 1,619                     |   |   |   | 1,765 |   |   |   | 8,292 |   |   |   | 1,722 |   |   |   | 1.12 | % |   |   | 1.23 | % |
| Desert Community Bank         |   |                  | 84,943    |   |          |   | 87,388    |                |   |   | 1,607                     |   |   |   | 943 |   |   |   | 4,060 |   |   |   | 3,671 |   |   |   | 1.89 | % |   |   | 1.08 | % |
| Red Rock Community Bank       |   |                  | 99,653    |   |          |   | 110,143   |                |   |   | 1,984                     |   |   |   | 1,200 |   |   |   | 10,496 |   |   |   | 5,488 |   |   |   | 1.99 | % |   |   | 1.09 | % |
| Nevada Region Total           |   |                  | 430,682   |   |          |   | 436,496   |                |   |   | 7,332                     |   |   |   | 5,549 |   |   |   | 36,342 |   |   |   | 16,280 |   |   |   | 1.70 | % |   |   | 1.27 | % |
|                          |   |                  |      |   |          |   |      |                |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Northeast Region:             |   |                  |      |   |          |   |      |                |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| USNY Bank                     |   |                  | 50,884    |   |          |   | 43,471    |                |   |   | 772                       |   |   |   | 680 |   |   |   |   |   |   |   |   |   |   |   | 1.52 | % |   |   | 1.56 | % |
|                          |   |                  |      |   |          |   |      |                |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Northwest Region:             |   |                  |      |   |          |   |      |                |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Bank of Bellevue              |   |                  | 42,053    |   |          |   | 48,838    |                |   |   | 1,245                     |   |   |   | 850 |   |   |   | 1,456 |   |   |   | 170 |   |   |   | 2.96 | % |   |   | 1.74 | % |
| Bank of Everett               |   |                  | 37,055    |   |          |   | 32,735    |                |   |   | 1,550                     |   |   |   | 686 |   |   |   | 1,582 |   |   |   | 92 |   |   |   | 4.18 | % |   |   | 2.10 | % |
| Bank of Tacoma                |   |                  | 38,218    |   |          |   | 40,175    |                |   |   | 930                       |   |   |   | 770 |   |   |   | 2,502 |   |   |   | 1,183 |   |   |   | 2.43 | % |   |   | 1.92 | % |
| High Desert Bank              |   |                  | 36,867    |   |          |   | 35,407    |                |   |   | 736                       |   |   |   | 624 |   |   |   | 1,345 |   |   |   |   |   |   |   | 2.00 | % |   |   | 1.76 | % |
| Issaquah Community Bank       |   |                  | 27,176    |   |          |   | 24,238    |                |   |   | 595                       |   |   |   | 385 |   |   |   | 339 |   |   |   |   |   |   |   | 2.19 | % |   |   | 1.59 | % |
| Northwest Region Total        |   |                  | 181,369   |   |          |   | 181,393   |                |   |   | 5,056                     |   |   |   | 3,315 |   |   |   | 7,224 |   |   |   | 1,445 |   |   |   | 2.79 | % |   |   | 1.83 | % |
|                          |   |                  |      |   |          |   |      |                |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Southeast Region:             |   |                  |      |   |          |   |      |                |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Bank of Valdosta              |   |                  | 46,403    |   |          |   | 51,629    |                |   |   | 896                       |   |   |   | 835 |   |   |   | 794 |   |   |   |   |   |   |   | 1.93 | % |   |   | 1.62 | % |
| Community Bank of Rowan       |   |                  | 113,446   |   |          |   | 109,290   |                |   |   | 1,702                     |   |   |   | 1,634 |   |   |   | 2,357 |   |   |   | 1,688 |   |   |   | 1.50 | % |   |   | 1.50 | % |
| First Carolina State Bank     |   |                  | 94,290    |   |          |   | 97,670    |                |   |   | 1,553                     |   |   |   | 1,312 |   |   |   | 2,429 |   |   |   | 2,421 |   |   |   | 1.65 | % |   |   | 1.34 | % |
| Peoples State Bank            |   |                  | 21,223    |   |          |   | 21,314    |                |   |   | 400                       |   |   |   | 366 |   |   |   | 1,591 |   |   |   | 937 |   |   |   | 1.88 | % |   |   | 1.72 | % |
| Pisgah Community Bank         |   |                  | 43,956    |   |          |   | 27,746    |                |   |   | 715                       |   |   |   | 475 |   |   |   | 116 |   |   |   | 100 |   |   |   | 1.63 | % |   |   | 1.71 | % |
| Sunrise Bank of Atlanta       |   |                  | 47,589    |   |          |   | 52,763    |                |   |   | 1,070                     |   |   |   | 1,063 |   |   |   | 1,679 |   |   |   | 269 |   |   |   | 2.25 | % |   |   | 2.01 | % |
| Southeast Region Total        |   |                  | 366,907   |   |          |   | 360,412   |                |   |   | 6,336                     |   |   |   | 5,685 |   |   |   | 8,966 |   |   |   | 5,415 |   |   |   | 1.73 | % |   |   | 1.58 | % |
|                          |   |                  |      |   |          |   |      |                |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Texas Region:                 |   |                  |      |   |          |   |      |                |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Bank of Fort Bend             |   |                  | 27,483    |   |          |   | 19,859    |                |   |   | 411                       |   |   |   | 305 |   |   |   |   |   |   |   |   |   |   |   | 1.50 | % |   |   | 1.54 | % |
| Bank of Las Colinas           |   |                  | 31,779    |   |          |   | 29,657    |                |   |   | 508                       |   |   |   | 435 |   |   |   |   |   |   |   |   |   |   |   | 1.60 | % |   |   | 1.47 | % |
| Texas Region Total            |   |                  | 59,262    |   |          |   | 49,516    |                |   |   | 919                       |   |   |   | 740 |   |   |   |   |   |   |   |   |   |   |   | 1.55 | % |   |   | 1.49 | % |
|                          |   |                  |      |   |          |   |      |                |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Parent company and other, net |   |                  | 13,311    |   |          |   | 15,473    |                |   |   | 682                       |   |   |   | 654 |   |   |   | 6,253 |   |   |   | 5,135 |   |   |   | 5.12 | % |   |   | 4.23 | % |
|                          |   |                  |      |   |          |   |      |                |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Consolidated totals           |   | $                     | 4,576,839 |   |          | $      | 4,735,229 |                |   | $      | 114,215                   |   |   | $ | 93,040 |   |   | $ | 260,964 |   |   | $ | 170,210 |   |   |   | 2.50 | % |   |   | 1.96 | % |

| (1) | Michigan Commerce Bank resulted from the merger of Ann Arbor Commerce Bank, Brighton Commerce Bank, Detroit Commerce Bank, Grand Haven Bank, Kent Commerce Bank, Macomb Community Bank, Muskegon Commerce Bank, Oakland Commerce Bank and Portage Commerce Bank effective March 31, 2009. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

|                                                        |   | Three Month Period |   |   | Six Month Period |   |
|-------------------------------------------------------------|--------|--------------------|--------|--------|------------------|--------|
|                                                        |   | 2009               |   |   | 2008             |   |   | 2009 |   |   | 2008 |   |
|                                                        |   |               |   |   |             |   |   |   |   |   |   |   |
| Bank services (ATMs, telephonebanking and Internet banking) |   | $                  | 737    |   |             | $      | 626 |   |   | $ | 1,453 |   |   | $ | 1,181 |   |
| Loan and collection expense                                 |   |               | 673    |   |             |   | 487 |   |   |   | 1,263 |   |   |   | 1,033 |   |
| Directors' fees                                             |   |               | 578    |   |             |   | 756 |   |   |   | 1,261 |   |   |   | 1,558 |   |
| Legal fees                                                  |   |               | 581    |   |             |   | 450 |   |   |   | 1,040 |   |   |   | 573 |   |
| Advertising                                                 |   |               | 513    |   |             |   | 857 |   |   |   | 1,020 |   |   |   | 1,633 |   |
| Paper, printing and supplies                                |   |               | 511    |   |             |   | 782 |   |   |   | 1,009 |   |   |   | 1,552 |   |
| Communications                                              |   |               | 423    |   |             |   | 541 |   |   |   | 914 |   |   |   | 1,049 |   |
| Travel, lodging and meals                                   |   |               | 494    |   |             |   | 853 |   |   |   | 886 |   |   |   | 1,486 |   |
| Professional fees                                           |   |               | 374    |   |             |   | 334 |   |   |   | 675 |   |   |   | 699 |   |
| Postage                                                     |   |               | 314    |   |             |   | 348 |   |   |   | 631 |   |   |   | 658 |   |
| Taxes other than income taxes                               |   |               | 268    |   |             |   | 137 |   |   |   | 493 |   |   |   | 511 |   |
| Dues and memberships                                        |   |               | 220    |   |             |   | 238 |   |   |   | 427 |   |   |   | 459 |   |
| Courier service                                             |   |               | 181    |   |             |   | 232 |   |   |   | 357 |   |   |   | 472 |   |
| Insurance expense                                           |   |               | 172    |   |             |   | 146 |   |   |   | 345 |   |   |   | 293 |   |
| Publications                                                |   |               | 72     |   |             |   | 45 |   |   |   | 126 |   |   |   | 90 |   |
| Contracted labor                                            |   |               | 35     |   |             |   | 124 |   |   |   | 75 |   |   |   | 244 |   |
| Preopening and start-up costs                               |   |               |   |   |             |   | 1,086 |   |   |   |   |   |   |   | 2,038 |   |
| Other                                                       |   |               | 1,978  |   |             |   | 2,394 |   |   |   | 4,246 |   |   |   | 5,046 |   |
| Total                                                       |   | $                  | 8,124  |   |             | $      | 10,436 |   |   | $ | 16,221 |   |   | $ | 20,575 |   |

----

|                            |   | Six Months Ended June 30 |   |
|---------------------------------|--------|--------------------------|--------|
|                            |   | Total Revenues           |   |   | Net Income (Loss)(1) |   |   | Return onAverage Equity(2) |   |   | Return onAverage Assets(2) |   |
|                            |   | 2009                     |   |   | 2008 |   |   | 2009 |   |   | 2008 |   |   | 2009 |   |   | 2008 |   |   | 2009 |   |   | 2008 |   |
| Arizona Region:                 |   |                     |   |   |   |   |   | (As Revised) |   |   |   |   |   |   |   |   |   |   |   | (As Revised) |   |   |   |   |
| Arrowhead Community Bank        |   | $                        | 2,029  |   |   | $ | 3,303 |   |   | $ | (4,186 | ) |   | $ | (222 | ) |   |   |   |   |   |   |   |   |   |   |   |   |
| Asian Bank of Arizona           |   |                     | 1,088  |   |   |   | 953 |   |   |   | (815 | ) |   |   | (535 | ) |   |   |   |   |   |   |   |   |   |   |   |   |
| Bank of Tucson                  |   |                     | 6,428  |   |   |   | 6,783 |   |   |   | 1,066 |   |   |   | 1,978 |   |   |   | 12.24 | % |   |   | 22.17 | % |   |   | 1.09 | % |   |   | 2.15 | % |
| Camelback Community Bank        |   |                     | 2,718  |   |   |   | 3,012 |   |   |   | (226 | ) |   |   | 509 |   |   |   |   |   |   |   | 11.07 | % |   |   |   |   |   |   | 1.15 | % |
| Central Arizona Bank            |   |                     | 2,010  |   |   |   | 2,559 |   |   |   | (1,475 | ) |   |   | (646 | ) |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Colonia Bank                    |   |                     | 283    |   |   |   | 25 |   |   |   | (560 | ) |   |   | (376 | ) |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Mesa Bank                       |   |                     | 3,865  |   |   |   | 7,985 |   |   |   | (3,691 | ) |   |   | 744 |   |   |   |   |   |   |   | 7.84 | % |   |   |   |   |   |   | 0.69 | % |
| Southern Arizona Community Bank |   |                     | 2,621  |   |   |   | 3,041 |   |   |   | 21 |   |   |   | 582 |   |   |   | 0.46 | % |   |   | 12.84 | % |   |   | 0.05 | % |   |   | 1.34 | % |
| Sunrise Bank of Albuquerque     |   |                     | 2,124  |   |   |   | 2,640 |   |   |   | (457 | ) |   |   | 171 |   |   |   |   |   |   |   | 4.69 | % |   |   |   |   |   |   | 0.46 | % |
| Sunrise Bank of Arizona         |   |                     | 3,408  |   |   |   | 4,177 |   |   |   | (2,705 | ) |   |   | (180 | ) |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Yuma Community Bank             |   |                     | 2,379  |   |   |   | 2,745 |   |   |   | 312 |   |   |   | 365 |   |   |   | 8.55 | % |   |   | 9.39 | % |   |   | 0.87 | % |   |   | 0.96 | % |
| Arizona Region Total            |   |                     | 28,953 |   |   |   | 37,223 |   |   |   | (12,716 | ) |   |   | 2,390 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                            |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| California Region:              |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Bank of Escondido               |   |                     | 2,372  |   |   |   | 2,564 |   |   |   | (733 | ) |   |   | 175 |   |   |   |   |   |   |   | 2.42 | % |   |   |   |   |   |   | 0.37 | % |
| Bank of Feather River           |   |                     | 957    |   |   |   | 584 |   |   |   | (30 | ) |   |   | (326 | ) |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Bank of San Francisco           |   |                     | 2,153  |   |   |   | 1,880 |   |   |   | 21 |   |   |   | 12 |   |   |   | 0.50 | % |   |   | 0.28 | % |   |   | 0.05 | % |   |   | 0.04 | % |
| Bank of Santa Barbara           |   |                     | 1,810  |   |   |   | 2,080 |   |   |   | (638 | ) |   |   | (170 | ) |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Napa Community Bank             |   |                     | 4,497  |   |   |   | 4,240 |   |   |   | 926 |   |   |   | 467 |   |   |   | 11.87 | % |   |   | 6.59 | % |   |   | 1.29 | % |   |   | 0.74 | % |
| Point Loma Community Bank       |   |                     | 1,724  |   |   |   | 1,872 |   |   |   | (367 | ) |   |   | 114 |   |   |   |   |   |   |   | 3.16 | % |   |   |   |   |   |   | 0.42 | % |
| Sunrise Bank of San Diego       |   |                     | 2,441  |   |   |   | 2,847 |   |   |   | (788 | ) |   |   | 168 |   |   |   |   |   |   |   | 3.17 | % |   |   |   |   |   |   | 0.38 | % |
| Sunrise Community Bank          |   |                     | 905    |   |   |   | 753 |   |   |   | (482 | ) |   |   | (377 | ) |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| California Region Total         |   |                     | 16,859 |   |   |   | 16,820 |   |   |   | (2,091 | ) |   |   | 63 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                            |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Colorado Region:                |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Fort Collins Commerce Bank      |   |                     | 2,532  |   |   |   | 2,275 |   |   |   | 166 |   |   |   | 364 |   |   |   | 3.48 | % |   |   | 8.06 | % |   |   | 0.40 | % |   |   | 1.13 | % |
| Larimer Bank of Commerce        |   |                     | 2,613  |   |   |   | 2,055 |   |   |   | 183 |   |   |   | 140 |   |   |   | 4.60 | % |   |   | 3.76 | % |   |   | 0.42 | % |   |   | 0.46 | % |
| Loveland Bank of Commerce       |   |                     | 893    |   |   |   | 646 |   |   |   | (177 | ) |   |   | (116 | ) |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Mountain View Bank of Commerce  |   |                     | 1,066  |   |   |   | 358 |   |   |   | (113 | ) |   |   | (611 | ) |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Colorado Region Total           |   |                     | 7,104  |   |   |   | 5,334 |   |   |   | 59 |   |   |   | (223 | ) |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                            |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Great Lakes Region:             |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Bank of Auburn Hills            |   |                     | 1,138  |   |   |   | 1,459 |   |   |   | (976 | ) |   |   | (459 | ) |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Bank of Maumee                  |   |                     | 1,318  |   |   |   | 1,373 |   |   |   | (217 | ) |   |   | (507 | ) |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Bank of Michigan                |   |                     | 2,342  |   |   |   | 2,477 |   |   |   | 12 |   |   |   | 268 |   |   |   | 0.53 | % |   |   | 8.05 | % |   |   | 0.04 | % |   |   | 0.78 | % |
| Capitol National Bank           |   |                     | 6,248  |   |   |   | 7,723 |   |   |   | (1,147 | ) |   |   | 954 |   |   |   |   |   |   |   | 9.98 | % |   |   |   |   |   |   | 0.84 | % |
| Elkhart Community Bank          |   |                     | 2,402  |   |   |   | 2,870 |   |   |   | (996 | ) |   |   | 272 |   |   |   |   |   |   |   | 6.18 | % |   |   |   |   |   |   | 0.60 | % |
| Evansville Commerce Bank        |   |                     | 1,789  |   |   |   | 1,997 |   |   |   | (245 | ) |   |   | (174 | ) |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Goshen Community Bank           |   |                     | 2,254  |   |   |   | 2,675 |   |   |   | (148 | ) |   |   | 261 |   |   |   |   |   |   |   | 6.64 | % |   |   |   |   |   |   | 0.66 | % |
| Michigan Commerce Bank(3)       |   |                     | 33,838 |   |   |   | 42,436 |   |   |   | (10,887 | ) |   |   | (1,305 | ) |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ohio Commerce Bank              |   |                     | 1,403  |   |   |   | 1,272 |   |   |   | (66 | ) |   |   | (111 | ) |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Paragon Bank & Trust        |   |                     | 2,844  |   |   |   | 3,624 |   |   |   | (2,008 | ) |   |   | (185 | ) |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Great Lakes Region Total        |   |                     | 55,576 |   |   |   | 67,906 |   |   |   | (16,678 | ) |   |   | (986 | ) |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                            |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Midwest Region                  |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Adams Dairy Bank                |   |                     | 1,097  |   |   |   | 672 |   |   |   | (50 | ) |   |   | (511 | ) |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Bank of Belleville              |   |                     | 1,900  |   |   |   | 1,743 |   |   |   | 13 |   |   |   | 4 |   |   |   | 0.37 | % |   |   | 0.11 | % |   |   | 0.04 | % |   |   | 0.01 | % |
| Community Bank of Lincoln       |   |                     | 1,792  |   |   |   | 816 |   |   |   | (268 | ) |   |   | (326 | ) |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Summit Bank of Kansas City      |   |                     | 1,866  |   |   |   | 1,547 |   |   |   | 24 |   |   |   | 40 |   |   |   | 0.70 | % |   |   | 1.14 | % |   |   | 0.08 | % |   |   | 0.18 | % |
| Midwest Region Total            |   |                     | 6,655  |   |   |   | 4,778 |   |   |   | (281 | ) |   |   | (793 | ) |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                            |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Nevada Region:                  |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 1st Commerce Bank               |   |                     | 1,252  |   |   |   | 1,141 |   |   |   | (474 | ) |   |   | (291 | ) |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Bank of Las Vegas               |   |                     | 2,409  |   |   |   | 2,437 |   |   |   | (9 | )  |   |   | 37 |   |   |   |   |   |   |   | 0.86 | % |   |   |   |   |   |   | 0.10 | % |
| Black Mountain Community Bank   |   |                     | 4,935  |   |   |   | 5,433 |   |   |   | 179 |   |   |   | 881 |   |   |   | 2.34 | % |   |   | 11.95 | % |   |   | 0.22 | % |   |   | 1.16 | % |
| Desert Community Bank           |   |                     | 3,021  |   |   |   | 3,765 |   |   |   | (864 | ) |   |   | 176 |   |   |   |   |   |   |   | 3.50 | % |   |   |   |   |   |   | 0.35 | % |
| Red Rock Community Bank         |   |                     | 3,200  |   |   |   | 3,971 |   |   |   | (1,870 | ) |   |   | 480 |   |   |   |   |   |   |   | 7.06 | % |   |   |   |   |   |   | 0.82 | % |
| Nevada Region Total             |   |                     | 14,817 |   |   |   | 16,747 |   |   |   | (3,038 | ) |   |   | 1,283 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                          |   | Six Months Ended June 30 |    |
|-------------------------------|--------|--------------------------|---------|
|                          |   | Total Revenues           |    |   | Net Income (Loss)(1) |   |   | Return onAverage Equity(2) |   |   | Return onAverage Assets(2) |   |
|                          |   | 2009                     |    |   | 2008 |   |   | 2009 |   |   | 2008 |   |   | 2009 |   |   | 2008 |   |   | 2009 |   |   | 2008 |   |
| Northeast Region:             |   |                     |    |   |   |   |   | (As Revised) |   |   |   |   |   |   |   |   |   |   |   | (As Revised) |   |   |   |   |
| USNY Bank                     |   | $                        | 1,394   |   |   | $ | 712 |   |   | $ | (243 | ) |   | $ | (409 | ) |   |   |   |   |   |   |   |   |   |   |   |   |
|                          |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Northwest Region:             |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Bank of Bellevue              |   |                     | 1,377   |   |   |   | 1,432 |   |   |   | (681 | ) |   |   | (196 | ) |   |   |   |   |   |   |   |   |   |   |   |   |
| Bank of Everett               |   |                     | 1,192   |   |   |   | 993 |   |   |   | (763 | ) |   |   | (656 | ) |   |   |   |   |   |   |   |   |   |   |   |   |
| Bank of Tacoma                |   |                     | 1,188   |   |   |   | 931 |   |   |   | (648 | ) |   |   | (399 | ) |   |   |   |   |   |   |   |   |   |   |   |   |
| High Desert Bank              |   |                     | 1,178   |   |   |   | 574 |   |   |   | (829 | ) |   |   | (380 | ) |   |   |   |   |   |   |   |   |   |   |   |   |
| Issaquah Community Bank       |   |                     | 1,022   |   |   |   | 536 |   |   |   | (344 | ) |   |   | (326 | ) |   |   |   |   |   |   |   |   |   |   |   |   |
| Northwest Region Total        |   |                     | 5,957   |   |   |   | 4,466 |   |   |   | (3,265 | ) |   |   | (1,957 | ) |   |   |   |   |   |   |   |   |   |   |   |   |
|                          |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Southeast Region:             |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Bank of Valdosta              |   |                     | 1,491   |   |   |   | 1,640 |   |   |   | (218 | ) |   |   | (43 | ) |   |   |   |   |   |   |   |   |   |   |   |   |
| Community Bank of Rowan       |   |                     | 3,222   |   |   |   | 3,726 |   |   |   | 298 |   |   |   | 427 |   |   |   | 5.64 | % |   |   | 8.75 | % |   |   | 0.46 | % |   |   | 0.72 | % |
| First Carolina State Bank     |   |                     | 2,831   |   |   |   | 3,319 |   |   |   | (492 | ) |   |   | 208 |   |   |   |   |   |   |   | 4.09 | % |   |   |   |   |   |   | 0.38 | % |
| Peoples State Bank            |   |                     | 699     |   |   |   | 916 |   |   |   | (109 | ) |   |   | 27 |   |   |   |   |   |   |   | 1.06 | % |   |   |   |   |   |   | 0.21 | % |
| Pisgah Community Bank         |   |                     | 1,059   |   |   |   | 69 |   |   |   | (243 | ) |   |   | (560 | ) |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Sunrise Bank of Atlanta       |   |                     | 1,964   |   |   |   | 2,305 |   |   |   | (215 | ) |   |   | (200 | ) |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Southeast Region Total        |   |                     | 11,266  |   |   |   | 11,975 |   |   |   | (979 | ) |   |   | (141 | ) |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                          |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Texas Region:                 |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Bank of Fort Bend             |   |                     | 661     |   |   |   | 353 |   |   |   | (309 | ) |   |   | (462 | ) |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Bank of Las Colinas           |   |                     | 936     |   |   |   | 511 |   |   |   | (182 | ) |   |   | (339 | ) |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Texas Region Total            |   |                     | 1,597   |   |   |   | 864 |   |   |   | (491 | ) |   |   | (801 | ) |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                          |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Parent company and other, net |   |                     | (39     | ) |   |   | 1,857 |   |   |   | 2,745 |   |   |   | 4,388 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                          |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Consolidated totals           |   | $                        | 150,139 |   |   | $ | 168,682 |   |   | $ | (36,978 | ) |   | $ | 2,814 |   |   |   |   |   |   |   | 1.45 | % |   |   |   |   |   |   | 0.11 | % |

| (1) | Excludes net losses attributable to noncontrolling interests.                                                                                                                                                                                                                             |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Annualized for periods presented.                                                                                                                                                                                                                                                         |
| (3) | Michigan Commerce Bank resulted from the merger of Ann Arbor Commerce Bank, Brighton Commerce Bank, Detroit Commerce Bank, Grand Haven Bank, Kent Commerce Bank, Macomb Community Bank, Muskegon Commerce Bank, Oakland Commerce Bank and Portage Commerce Bank effective March 31, 2009. |

----

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----

| MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION                                      |
|--------------------------------------------------------------------------------------------------|
| AND RESULTS OF OPERATIONS – Continued                                                      |
|                                                                                             |   |   |   |   |   |   |   |   |   |
| Unaudited Pro Forma Condensed Consolidated Balance Sheet                                         |   |   |   |   |
| Capitol Bancorp Limited and Subsidiaries                                                         |   |   |   |   |   |   |   |   |   |
| June 30, 2009                                                                                    |   |   |   |   |   |   |   |   |   |
|                                                                                             |   |   |   |   |   |   |   |   |   |
| (in $1,000s, except per share amounts)                                                           |   |   |   |   |   |   |   |   |   |
|                                                                                             |   |   |   |   |   |   |   |   |   |
|                                                                                             |   | As Revised |   |
|                                                                                             |   |   |   |   | Proposed |   |   |   |   |
|                                                                                             |   |   |   |   | Spin-Off of |   |   |   |   |
|                                                                                             |   |   |   |   | Michigan  |   |   |   |   |
|                                                                                             |   | Historical |   |   | Commerce  |   |   |   |
|                                                                                             |   | Amounts |   |   | Bancorp Limited |   |   | Pro Forma |   |
|                                                                                             |   | As Reported |   |   | (Note A) |   |   | Consolidated |   |
|                                                                                             |   |   |   |   |   |   |   |   |   |
|  ASSETS                                                                                     |   |   |   |   |   |   |   |   |   |
|                                                                                             |   |   |   |   |   |   |   |   |   |
|  Cash and cash equivalents                                                                  |   | $ | 804,581 |   |   | $ | (115,020 | ) |   | $ | 689,561 |   |
|  Loans held for resale                                                                      |   |   | 30,843 |   |   |   | (2,592 | ) |   |   | 28,251 |   |
|  Investment securities                                                                      |   |   | 47,470 |   |   |   | (8,374 | ) |   |   | 39,096 |   |
|  Portfolio loans                                                                            |   |   | 4,576,839 |   |   |   | (1,085,907 | ) |   |   | 3,490,932 |   |
|    Less allowance for loan losses                                                 |   |   | (114,215 | ) |   |   | 36,958 |   |   |   | (77,257 | ) |
|    Net portfolio loans                                                            |   |   | 4,462,624 |   |   |   | (1,048,949 | ) |   |   | 3,413,675 |   |
|  Premises and equipment, net                                                                |   |   | 53,669 |   |   |   | (11,932 | ) |   |   | 41,737 |   |
|  Goodwill                                                                                   |   |   | 71,592 |   |   |   | (2,875 | ) |   |   | 68,717 |   |
|  Other real estate owned                                                                    |   |   | 103,315 |   |   |   | (25,116 | ) |   |   | 78,199 |   |
|  Other assets                                                                               |   |   | 149,446 |   |   |   | (34,047 | ) |   |   | 115,399 |   |
|                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
|  TOTAL ASSETS                                                                               |   | $ | 5,723,540 |   |   | $ | (1,248,905 | ) |   | $ | 4,474,635 |   |
|                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
|  LIABILITIES AND EQUITY                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
|  Liabilities:                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |
|    Deposits                                                                       |   | $ | 4,695,019 |   |   | $ | (1,086,341 | ) |   | $ | 3,608,678 |   |
|    Debt obligations                                                               |   |   | 529,941 |   |   |   | (51,400 | ) |   |   | 478,541 |   |
|    Other liabilities                                                              |   |   | 36,680 |   |   |   | (6,523 | ) |   |   | 30,157 |   |
|      Total liabilities                                                  |   |   | 5,261,640 |   |   |   | (1,144,264 | ) |   |   | 4,117,376 |   |
|                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
|  Equity:                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
|    Capitol Bancorp Limited stockholders' equity:                                       |   |   |   |   |   |   |   |   |   |
|      Preferred stock                                                    |   |   | - |   |   |   | - |   |   |   | - |   |
|      Common stock                                                       |   |   | 277,000 |   |   |   | (118,546 | ) |   |   | 158,454 |   |
|      Retained earnings                                                  |   |   | 42,440 |   |   |   | 13,864 |   |   |   | 56,304 |   |
|      Other, net                                                         |   |   | (463 | ) |   |   | 41 |   |   |   | (422 | ) |
|      Total Capitol Bancorp Limited stockholders' equity                 |   |   | 318,977 |   |   |   | (104,641 | ) |   |   | 214,336 |   |
|    Noncontrolling interests in consolidated subsidiaries                          |   |   | 142,923 |   |   |   | - |   |   |   | 142,923 |   |
|      Total equity                                                       |   |   | 461,900 |   |   |   | (104,641 | ) |   |   | 357,259 |   |
|                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
|  TOTAL LIABILITIES AND EQUITY                                                               |   | $ | 5,723,540 |   |   | $ | (1,248,905 | ) |   | $ | 4,474,635 |   |
|                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
|  Number of common shares outstanding                                                        |   |   | 17,517,331 |   |   |   |   |   |   |   | 17,517,331 |   |
|                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
| Book value per share of Capitol Bancorp Limited                                                  |   |   |   |   |   |   |   |   |   |
|    stockholders' equity                                                           |   | $ | 18.21 |   |   |   |   |   |   | $ | 12.24 |   |
|                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
|  Nonperforming loans                                                                        |   | $ | 260,964 |   |   | $ | (89,923 | ) |   | $ | 171,041 |   |
|  Real estate owned and other repossessed assets                                             |   |   | 103,529 |   |   |   | (25,134 | ) |   |   | 78,395 |   |
|    Total nonperforming assets                                                     |   | $ | 364,493 |   |   | $ | (115,057 | ) |   | $ | 249,436 |   |
|                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
|  Selected ratios:                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |
|    Total equity as a percentage of total assets                                   |   |   | 8.07 | % |   |   | 8.38 | % |   |   | 7.98 | % |
|    Total capital as a percentage of total assets--Note B                          |   |   | 10.99 | % |   |   | 8.38 | % |   |   | 11.72 | % |
|    Allowance for loan losses as a percentage of portfolio loans                   |   |   | 2.50 | % |   |   | 3.40 | % |   |   | 2.21 | % |
|    Allowance for loan losses coverage ratio of nonperforming loans                |   |   | 43.77 | % |   |   | 41.10 | % |   |   | 45.17 | % |
|    Nonperforming loans as a percentage of portfolio loans                         |   |   | 5.70 | % |   |   | 8.28 | % |   |   | 4.90 | % |
|    Nonperforming assets as a percentage of total assets                           |   |   | 6.37 | % |   |   | 9.21 | % |   |   | 5.57 | % |
|                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
| Notes to Unaudited Pro Forma Condensed Consolidated Balance Sheet:                               |   |   |   |   |   |
|                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
| A--Pro forma spin-off of Michigan Commerce Bancorp Limited (MCBL), a wholly-owned                |   |
| subsidiary of Capitol Bancorp Limited (Capitol). MCBL's amounts include its                 |   |
| wholly-owned subsidiaries, Michigan Commerce Bank and Bank of Auburn Hills.                      |   |
|                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
| B--Total capital includes trust-preferred securities (subordinated debentures) and total equity. |   |
|                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |

----

| MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION                                                   |
|---------------------------------------------------------------------------------------------------------------|
| AND RESULTS OF OPERATIONS – Continued                                                              |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Unaudited Pro Forma Condensed Consolidated Statements of Operations                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Capitol Bancorp Limited and Subsidiaries                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  (in $1,000s, except per-share data)                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                          | Six Months Ended June 30, 2009 (As Revised) |   |   | Year Ended December 31, 2008 |   |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   | Pro Forma Adjustments |   |   |   |   |
|                                                                                                          |   |   | Spin-Off of |   |   |   |   |   |   |   | Spin-Off of |   |   |   |   |   |   |   |
|                                                                                                          |   |   | Michigan |   |   |   |   |   |   |   | Michigan |   |   | Spin-Off of |   |   |   |   |
|                                                                                                          |   |   | Commerce  |   |   |   |   |   |   |   | Commerce  |   |   | Bank of  |   |   |   |   |
|                                                                                                          |   |   | Bancorp  |   |   |   |   |   |   |   | Bancorp   |   |   | Auburn   |   |   |   |   |
|                                                                                                          | Historical  |   | Limited  |   | Pro Forma  |   |   | Historical  |   |   | Limited  |   |   | Hills  |   |   | Pro Forma  |   |
|                                                                                                          | Amounts  |   | (Notes A and B)  |   | Consolidated  |   |   | Amounts  |   |   | (Note A)  |   |   | (Note B)  |   |   | Consolidated  |   |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Interest income                                                                                         | $ | 138,188 |   | $ | (32,344 | ) | $ | 105,844 |   |   | $ | 304,315 |   |   | $ | (75,446 | ) |   | $ | (2,674 | ) |   | $ | 226,195 |   |
|  Interest expense                                                                                        |   | 60,149 |   |   | (14,813 | ) |   | 45,336 |   |   |   | 140,466 |   |   |   | (36,809 | ) |   |   | (1,512 | ) |   |   | 102,145 |   |
|    Net interest income                                                                         |   | 78,039 |   |   | (17,531 | ) |   | 60,508 |   |   |   | 163,849 |   |   |   | (38,637 | ) |   |   | (1,162 | ) |   |   | 124,050 |   |
|  Provision for loan losses                                                                               |   | 67,574 |   |   | (19,669 | ) |   | 47,905 |   |   |   | 82,492 |   |   |   | (30,040 | ) |   |   | (1,189 | ) |   |   | 51,263 |   |
|    Net interest income after provision for loan losses                                         |   | 10,465 |   |   | 2,138 |   |   | 12,603 |   |   |   | 81,357 |   |   |   | (8,597 | ) |   |   | 27 |   |   |   | 72,787 |   |
|  Noninterest income                                                                                      |   | 11,951 |   |   | (2,104 | ) |   | 9,847 |   |   |   | 26,432 |   |   |   | (4,491 | ) |   |   | (91 | ) |   |   | 21,850 |   |
|  Noninterest expense                                                                                     |   | 102,107 |   |   | (22,446 | ) |   | 79,661 |   |   |   | 190,388 |   |   |   | (33,916 | ) |   |   | (1,509 | ) |   |   | 154,963 |   |
|    Loss before income tax benefit                                                              |   | (79,691 | ) |   | 22,480 |   |   | (57,211 | ) |   |   | (82,599 | ) |   |   | 20,828 |   |   |   | 1,445 |   |   |   | (60,326 | ) |
|  Income tax benefit                                                                                      |   | (28,824 | ) |   | 7,648 |   |   | (21,176 | ) |   |   | (30,148 | ) |   |   | 7,060 |   |   |   | 487 |   |   |   | (22,601 | ) |
|    NET LOSS                                                                                    |   | (50,867 | ) |   | 14,832 |   |   | (36,035 | ) |   |   | (52,451 | ) |   |   | 13,768 |   |   |   | 958 |   |   |   | (37,725 | ) |
|  Less net losses attributable to noncontrolling interests                                                |   | 13,889 |   |   | - |   |   | 13,889 |   |   |   | 23,844 |   |   |   | - |   |   |   | - |   |   |   | 23,844 |   |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| NET LOSS ATTRIBUTABLE TO CAPITOL BANCORP  LIMITED                                                        | $ | (36,978 | ) | $ | 14,832 |   | $ | (22,146 | ) |   | $ | (28,607 | ) |   | $ | 13,768 |   |   | $ | 958 |   |   | $ | (13,881 | ) |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| NET LOSS PER SHARE ATTRIBUTABLE TO CAPITOL                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    BANCORP LIMITED:                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      Basic                                                                           | $ | (2.15 | ) |   |   |   | $ | (1.29 | ) |   | $ | (1.67 | ) |   |   |   |   |   |   |   |   |   | $ | (0.81 | ) |
|      Diluted                                                                         | $ | (2.15 | ) |   |   |   | $ | (1.29 | ) |   | $ | (1.67 | ) |   |   |   |   |   |   |   |   |   | $ | (0.81 | ) |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Elements of net loss per share computations (in 1,000s):                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Average number of common shares outstanding                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     for purposes of computing basic net loss per                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    share--denominator for basic net loss per share                                             |   | 17,203 |   |   |   |   |   | 17,203 |   |   |   | 17,147 |   |   |   |   |   |   |   |   |   |   |   | 17,147 |   |
| Effect of dilutive securities--stock options and unvested                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    restricted shares                                                                           |   | - |   |   |   |   |   | - |   |   |   | - |   |   |   |   |   |   |   |   |   |   |   | - |   |
| Average number of common shares and dilutive securities                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    for purposes of computing diluted net loss per share                                        |   | 17,203 |   |   |   |   |   | 17,203 |   |   |   | 17,147 |   |   |   |   |   |   |   |   |   |   |   | 17,147 |   |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Notes to Unaudited Pro Forma Condensed Consolidated Statements of Operations:                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| A--Pro forma spin-off of Michigan Commerce Bancorp Limited (MCBL), a wholly-owned                             |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    subsidiary of Capitol Bancorp Limited (Capitol). On March 31, 2009, Capitol transferred     |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    its interest in Michigan Commerce Bank (MCB, a wholly-owned subsidiary of Capitol) to MCBL,      |   |   |   |   |   |   |   |   |   |
|    resulting in MCB becoming a wholly-owned subsidiary of MCBL. The pro forma adjustment       |   |   |   |   |   |   |   |   |   |   |   |   |
|    removes the operating results of MCB as if the spin-off occurred at the beginning of the         |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        period presented.                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| B--Pro forma spin-off of Bank of Auburn Hills (BAH), previously a wholly-owned subsidiary                     |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    of Capitol. On June 30, 2009, Capitol transferred its interest in BAH to MCBL, resulting in |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    BAH becoming a wholly-owned subsidiary of MCBL. The pro forma adjustment removes            |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    the operating results of BAH as if the spin-off occurred at the beginning of the period          |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        presented.                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

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| MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION                                            |
|--------------------------------------------------------------------------------------------------------|
| AND RESULTS OF OPERATIONS – Continued                                                       |
|                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Unaudited Pro Forma Condensed Consolidated Balance Sheet                                               |   |   |   |   |   |   |   |   |
| Capitol Bancorp Limited and Subsidiaries                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |
| June 30, 2009                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  (in $1,000s)                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                   |   |   |   |   | Pro Forma Adjustments |   |   |   |   |   |
|                                                                                                   |   |   |   |   | Proposed |   |   |   |   |   |   |   |   |
|                                                                                                   |   |   |   |   | Spin-Off of |   |   | Pending |   |   |   |   |   |
|                                                                                                   |   |   |   |   | Michigan |   |   | Sale of |   |   |   |   |   |
|                                                                                                   |   | Historical |   |   | Commerce |   |   | Five Bank |   |   |   |   |   |
|                                                                                                   |   | Amounts |   |   | Bancorp Limited |   |   | Subsidiaries |   |   |   | Pro Forma |   |
|                                                                                                   |   | As Reported |   |   | (Note A) |   |   | (Note B) |   |   |   | Consolidated |   |
|                                                                                                   |   | (As Revised) |   |   | (As Revised) |   |   |   |   |   |   | (As Revised) |   |
|  ASSETS                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Cash and cash equivalents                                                                        |   | $ | 804,581 |   |   | $ | (115,020 | ) |   | $ | (20,178 | ) |   |   | $ | 669,383 |   |
|  Loans held for resale                                                                            |   |   | 30,843 |   |   |   | (2,592 | ) |   |   | (2,370 | ) |   |   |   | 25,881 |   |
|  Investment securities                                                                            |   |   | 47,470 |   |   |   | (8,374 | ) |   |   | (6,970 | ) |   |   |   | 32,126 |   |
|  Portfolio loans                                                                                  |   |   | 4,576,839 |   |   |   | (1,085,907 | ) |   |   | (323,830 | ) |   |   |   | 3,167,102 |   |
|    Less allowance for loan losses                                                       |   |   | (114,215 | ) |   |   | 36,958 |   |   |   | 5,854 |   |   |   |   | (71,403 | ) |
|    Net portfolio loans                                                                  |   |   | 4,462,624 |   |   |   | (1,048,949 | ) |   |   | (317,976 | ) |   |   |   | 3,095,699 |   |
|  Premises and equipment, net                                                                      |   |   | 53,669 |   |   |   | (11,932 | ) |   |   | (4,439 | ) |   |   |   | 37,298 |   |
|  Goodwill                                                                                         |   |   | 71,592 |   |   |   | (2,875 | ) |   |   | (1,234 | ) |   |   |   | 67,483 |   |
|  Other real estate owned                                                                          |   |   | 103,315 |   |   |   | (25,116 | ) |   |   | (1,985 | ) |   |   |   | 76,214 |   |
|  Other assets                                                                                     |   |   | 149,446 |   |   |   | (34,047 | ) |   |   | (6,474 | ) |   |   |   | 108,925 |   |
|                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  TOTAL ASSETS                                                                                     |   | $ | 5,723,540 |   |   | $ | (1,248,905 | ) |   | $ | (361,626 | ) |   |   | $ | 4,113,009 |   |
|                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  LIABILITIES AND EQUITY                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Liabilities:                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Deposits                                                                             |   | $ | 4,695,019 |   |   | $ | (1,086,341 | ) |   | $ | (319,706 | ) |   |   | $ | 3,288,972 |   |
|    Debt obligations                                                                     |   |   | 529,941 |   |   |   | (51,400 | ) |   |   | (34,500 | ) |   |   |   | 444,041 |   |
|    Other liabilities                                                                    |   |   | 36,680 |   |   |   | (6,523 | ) |   |   | (951 | ) |   |   |   | 29,206 |   |
|      Total liabilities                                                        |   |   | 5,261,640 |   |   |   | (1,144,264 | ) |   |   | (355,157 | ) |   |   |   | 3,762,219 |   |
|                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Equity:                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Capitol Bancorp Limited stockholders' equity:                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      Preferred stock                                                          |   |   | - |   |   |   | - |   |   |   |   |   |   |   |   | - |   |
|      Common stock                                                             |   |   | 277,000 |   |   |   | (118,546 | ) |   |   |   |   |   |   |   | 158,454 |   |
|      Retained earnings                                                        |   |   | 42,440 |   |   |   | 13,864 |   |   |   | 6,601 |   | C |   |   | 62,905 |   |
|      Other, net                                                               |   |   | (463 | ) |   |   | 41 |   |   |   |   |   |   |   |   | (422 | ) |
|      Total Capitol Bancorp Limited stockholders' equity                       |   |   | 318,977 |   |   |   | (104,641 | ) |   |   | 6,601 |   |   |   |   | 220,937 |   |
|    Noncontrolling interests in consolidated subsidiaries                                |   |   | 142,923 |   |   |   | - |   |   |   | (13,070 | ) |   |   |   | 129,853 |   |
|      Total equity                                                             |   |   | 461,900 |   |   |   | (104,641 | ) |   |   | (6,469 | ) |   |   |   | 350,790 |   |
|                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  TOTAL LIABILITIES AND EQUITY                                                                     |   | $ | 5,723,540 |   |   | $ | (1,248,905 | ) |   | $ | (361,626 | ) |   |   | $ | 4,113,009 |   |
|                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Nonperforming loans                                                                              |   | $ | 260,964 |   |   | $ | (89,923 | ) |   | $ | (12,401 | ) |   |   | $ | 158,640 |   |
|  Real estate owned and other repossessed assets                                                   |   |   | 103,529 |   |   |   | (25,134 | ) |   |   | (1,985 | ) |   |   |   | 76,410 |   |
|    Total nonperforming assets                                                           |   | $ | 364,493 |   |   | $ | (115,057 | ) |   | $ | (14,386 | ) |   |   | $ | 235,050 |   |
|                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Selected ratios:                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Total equity as a percentage of total assets                                         |   |   | 8.07 | % |   |   |   |   |   |   |   |   |   |   |   | 8.53 | % |
|    Total capital as a percentage of total assets--Note D                                |   |   | 10.99 | % |   |   |   |   |   |   |   |   |   |   |   | 12.60 | % |
|    Allowance for loan losses as a percentage of portfolio loans                         |   |   | 2.50 | % |   |   |   |   |   |   |   |   |   |   |   | 2.25 | % |
|    Allowance for loan losses coverage ratio of nonperforming loans                      |   |   | 43.77 | % |   |   |   |   |   |   |   |   |   |   |   | 45.01 | % |
|    Nonperforming loans as a percentage of portfolio loans                               |   |   | 5.70 | % |   |   |   |   |   |   |   |   |   |   |   | 5.01 | % |
|    Nonperforming assets as a percentage of total assets                                 |   |   | 6.37 | % |   |   |   |   |   |   |   |   |   |   |   | 5.71 | % |
|                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Notes to Unaudited Pro Forma Condensed Consolidated Balance Sheet:                                     |   |   |   |   |   |   |   |   |   |   |
|                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| A--Pro forma spin-off of Michigan Commerce Bancorp Limited (MCBL), a wholly-owned                      |   |   |   |   |   |   |
|    subsidiary of Capitol Bancorp Limited (Capitol). MCBL's amounts include its          |   |   |   |   |   |   |
|    wholly-owned subsidiaries, Michigan Commerce Bank and Bank of Auburn Hills.               |   |   |   |   |   |   |
|                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| B--Pending sale of Yuma Community Bank, Bank of Santa Barbara, Bank of Belleville, Community           |   |
|        Bank of Rowan and 1st Commerce Bank.                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| C--Estimated gain on pending sale of banks (see Note B), less transaction expenses and related         |   |
|    federal income tax effect. Sale proceeds are estimated to approximate $34.5 million. |   |   |   |   |   |   |
|                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| D--Total capital includes trust-preferred securities (subordinated debentures) and total equity.       |   |

----

----

----

| Item 1.  | Legal Proceedings. Capitol and its subsidiaries are parties to certain ordinary, routine litigation incidental to their business.  In the opinion of management, liabilities arising from such litigation would not have a material effect on Capitol's consolidated financial position or results of operations.                                                                                                                                                                                                                            |
|----------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Item 1A. | Risk Factors. There were no material changes from the risk factors set forth in Part I, Item 1A, "Risk Factors," of Capitol's Form 10-K for the year ended December 31, 2008, during the six months ended June 30, 2009.  Refer to that section of Capitol's Form 10-K for disclosures regarding the risks and uncertainties related to Capitol's business.                                                                                                                                                                        |
| Item 2.  | Unregistered Sales of Equity Securities and Use of Proceeds.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|     | (a)        None.(b)        Not applicable.(c)        None.                                                                                                                                                                                                                                                                                                                                                                                         |
| Item 3.  | Defaults Upon Senior Securities. None.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| Item 4.  | Submission of Matters to a Vote of Security Holders. (a)        Capitol's annual meeting of shareholders was held on April 22, 2009.(b)        The following matters were voted upon at the annual meeting of shareholders: (1)      The election of the nominees for the board of directors was voted on by the shareholders.  The nominees, all of whom were elected, are listed below.  The following votes were tabulated: |

|                                                            |   | For              |   | Withheld                        |
|-----------------------------------------------------------------|--------|------------------|--------|---------------------------------|
|                                                            |   |             |   |                            |
| Class II Directors (nominees to serveuntil 2012 annual meeting) |   |             |   |                            |
| David O'Leary                                                   |   |  13,134,726 |   |     385,094 |
| Michael J. Devine                                               |   |  13,084,833 |   |     434,987 |
| Gary A. Falkenberg, D.O.                                        |   |  13,153,602 |   |     366,218 |
| Joel I. Ferguson                                                |   |  12,990,158 |   |     529,662 |
| H. Nicholas Genova                                              |   |  13,151,068 |   |     368,752 |
| John S. Lewis                                                   |   |  13,181,698 |   |     338,122 |
| Steven L. Maas                                                  |   |  13,157,933 |   |     361,887 |
| Myrl D. Nofziger                                                |   |  13,165,521 |   |     354,299 |

|   | The following individuals, who were not up for election at this Annual Meeting of Shareholders, continue to serve as directors:  Joseph D. Reid, Michael L. Kasten, David L. Becker, James C. Epolito, Kathleen A. Gaskin, Ronald K. Sable, Lyle W. Miller, Paul R. Ballard, Michael F. Hannley (who subsequently resigned on June 15, 2009), Richard A. Henderson, Lewis D. Johns and Cristin K. Reid. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Item 4. | Submission of Matters to a Vote of Security Holders. – Continued |
|---------|------------------------------------------------------------------------|

|   | (2)       Shareholders voted to ratify the appointment of BDO Seidman, LLP as independent auditors for the year ending December 31, 2009.  The following votes were tabulated: |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| For        |   | Against |   | Abstain |   | BrokerNon-Votes |
|------------|--------|---------|--------|---------|--------|-----------------|
|       |   |    |   |    |   |            |
| 13,233,025 |   | 119,890 |   | 12,871  |   | --              |

| Item 5. | Other Information. None.  |
|---------|-------------------------------------|
| Item 6. | Exhibits:                           |

| (a)         | (b)                                                                                                                          |
|-------------|------------------------------------------------------------------------------------------------------------------------------|
| Exhibit No. | Description of Exhibit                                                                                                       |
| 31.1        | Certification of Chief Executive Officer, Joseph D. Reid,pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.     |
| 31.2        | Certification of Chief Financial Officer,Lee W. Hendrickson, pursuant to Section 302 of theSarbanes-Oxley Act of 2002.  |
| 32.1        | Certification of Chief Executive Officer, Joseph D. Reid,pursuant to Section 906 of the Sarbanes-Oxley Act of2002.      |
| 32.2        | Certification of Chief Financial Officer,Lee W. Hendrickson, pursuant to Section 906 of theSarbanes-Oxley Act of 2002.       |

----

| CAPITOL BANCORP LTD.(Registrant)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| /s/ Joseph D. Reid                                                                                      Joseph D. ReidChairman and CEO(duly authorized to sign on behalf of the   registrant)   |
| /s/ Lee W. Hendrickson                                                                                     Lee W. HendricksonChief Financial Officer                                                                     |

----

| Exhibit No. | Description of Exhibit                                                                                                           |
|-------------|----------------------------------------------------------------------------------------------------------------------------------|
|  31.1  |  Certification of Chief Executive Officer, Joseph D. Reid, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.  |
| 31.2        | Certification of Chief Financial Officer, Lee W. Hendrickson, pursuant to Section 302of the Sarbanes-Oxley Act of 2002.     |
| 32.1        | Certification of Chief Executive Officer, Joseph D. Reid, pursuant to Section 906 of theSarbanes-Oxley Act of 2002.         |
| 32.2        | Certification of Chief Financial Officer, Lee W. Hendrickson, pursuant to Section 906of the Sarbanes-Oxley Act of 2002.          |

----