Dearborn Bancorp (DEAR) 8-K Dearborn Bancorp Reports Second Quarter Results

Exhibit 99

DEARBORN BANCORP REPORTS SECOND QUARTER RESULTS

     DEARBORN, Michigan, July 21, 2009 ... Dearborn Bancorp, Inc. (Nasdaq: DEAR), the Holding Company for Fidelity Bank, today reported a net loss of $9,075,000 or $(1.19) per fully diluted common share for the three months ended June 30, 2009. For the first half of 2009, the Company had a net loss of $15,324,000 or $(2.00) per share. In 2008, the Company recorded a net loss of $4,614,000 or $(0.57) per share in the second quarter and a net loss of $3,398,000 or $(0.49) per share in the first half.

     At the end of June, the Company’s total assets were $989,800,000, representing a decline of 4.7 percent over the preceding 12 months. Total deposits went down 1.3 percent over the previous year and stood at $813,167,000 when the second quarter ended. Total loans were $881,818,000 on June 30, 2009, 6.6 percent less than they had been on the same date in 2008.

     Michael J. Ross, President and Chief Executive Officer of both the Company and the Bank, announced the financial results and commented, “During the second quarter, we recognized declines in the value of collateral securing previously classified loans of approximately $9.8 million. The balances of these loans were written down to reflect the present market value of the collateral. Our provision for loan losses was $13.6 million for the second quarter and our Allowance for Loan Losses now stands at $22.4 million or 2.54% of loans. The carrying value of other real estate owned was written down by $1.5 million and defaulted loan expense including taxes, insurance, maintenance and legal was $926,000 during the quarter. Additionally, we expensed $485,000 for the June 30, 2009 FDIC insurance special assessment.”

     Dearborn Bancorp, Inc., is a registered bank holding company. Its sole banking subsidiary is Fidelity Bank. The Bank operates 18 offices in Wayne, Oakland, Macomb and Washtenaw Counties in the State of Michigan. Its common shares trade on the Nasdaq Global Market under the symbol DEAR.

CONTACT: Michael J. Ross, President & CEO, at (313) 565-5700 or Jeffrey L. Karafa, CFO, at (313) 381-3200.

Forward-Looking Statements

This press release contains forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995) that are based on current expectations. Words such as “anticipates,” “believes,” “estimates,” “expects,” “forecasts,” “intends,” “is likely,” “plans,” “projects,” variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions (“Future Factors”) that are difficult to predict with regard to timing, extent, likelihood and degree of occurrence. Actual results and outcomes may materially differ from what is expressed in forward-looking statements. Dearborn Bancorp undertakes no obligation to update, amend or clarify forward-looking statements, whether as a result of new information, future events (whether anticipated or unanticipated), or otherwise.

Future Factors include changes in interest rates and interest rate relationships; demand for products and services; the degree of competition by traditional and non-traditional competitors; changes in banking regulation; changes in tax laws; changes in prices, levies and assessments; the impact of technological advances; governmental and regulatory policy changes; the outcomes of contingencies, trends in customer behavior as well as their ability to repay loans; changes in local real estate values; changes in the national and local economy; and other factors, including risk factors disclosed from time to time in filings made by Dearborn Bancorp with the Securities and Exchange Commission. These are representative of the Future Factors and could cause a difference between an ultimate actual outcome and a preceding forward-looking statement.

DEARBORN BANCORP, INC. AND SUBSIDIARY
CONSOLIDATED BALANCE SHEETS (unaudited)

(Dollars, in thousands)	06/30/09			12/31/08			06/30/08
ASSETS
Cash and cash equivalents
Cash and due from banks	$	25,475		$	11,671		$	12,778
Federal funds sold		1,425			4,455			1,301
Interest bearing deposits with banks		18,454			36,876			147
Total cash and cash equivalents		45,354			53,002			14,226
Mortgage loans held for sale		60			1,834			755
Investment securities, available for sale		4,007			84,148			9,381
Federal Home Loan Bank stock		3,698			3,614			3,540
Loans
Loans		881,818			933,269			944,081
Allowance for loan loss		(22,422	)		(14,452	)		(16,638	)
Net loans		859,396			918,817			927,443
Premises and equipment, net		20,784			21,272			21,630
Real estate owned		17,434			9,657			5,411
Goodwill		0			0			34,028
Other intangible assets		4,195			4,592			10,487
Accrued interest receivable		3,512			3,499			3,757
Other assets		31,360			21,483			7,880
Total assets	$	989,800		$	1,121,918		$	1,038,538
LIABILITIES
Deposits
Non-interest bearing deposits	$	83,752		$	81,317		$	82,798
Interest bearing deposits		729,415			857,078			741,124
Total deposits		813,167			938,395			823,922
Other liabilities
Federal funds purchased		0			0			3,600
Securities sold under agreements to repurchase		2,206			2,461			171
Federal Home Loan Bank advances		73,955			65,019			65,401
Accrued interest payable		1,104			1,695			2,047
Other liabilities		1,491			1,037			1,026
Subordinated debentures		10,000			10,000			10,000
Total liabilities		901,923			1,018,607			906,167
STOCKHOLDERS’ EQUITY
Common stock — 20,000,000 shares authorized, 7,687,470 shares at 06/30/08, 7,696,204 shares at 12/31/08; and 8,055,698 shares at 06/30/08		131,866			131,784			133,048
Accumulated deficit		(43,998	)		(28,675	)		(688	)
Accumulated other comprehensive loss		9			202			11
Total stockholders’ equity		87,877			103,311			132,371
Total liabilities and stockholders’ equity	$	989,800		$	1,121,918		$	1,038,538

The accompanying notes are an integral part of these consolidated statements.

DEARBORN BANCORP, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF INCOME (unaudited)

	Three Months Ended						Six Months Ended
(In thousands, except share and per share data)	06/30/09			06/30/08			06/30/09			06/30/08
Interest income
Interest on loans, including fees	$	13,286		$	14,994		$	27,096		$	31,168
Interest on securities, available for sale		178			109			434			218
Interest on federal funds		6			21			12			36
Interest on deposits with banks		103			1			197			2
Total interest income		13,573			15,125			27,739			31,424
Interest expense
Interest on deposits		5,458			5,874			11,456			12,902
Interest on other borrowings		473			812			1,019			1,805
Interest on subordinated debentures		105			155			210			380
Total interest expense		6,036			6,841			12,685			15,087
Net interest income		7,537			8,284			15,054			16,337
Provision for loan losses		13,610			8,746			24,337			9,632
Net interest income (loss) after provision for loan losses		(6,073	)		(462	)		(9,283	)		6,705
Non-interest income
Service charges on deposit accounts		375			363			730			743
Fees for other services to customers		37			27			62			66
Gain on the sale of loans		160			51			216			104
Write-down of real estate		(1,506	)		(100	)		(1,860	)		(300	)
Loss on the sale of real estate		(32	)		(469	)		(3	)		(704	)
Gain on the sale of securities		270			—			465			—
Write-down of other assets		—			—			(100	)		—
Other income		125			73			247			147
Total non-interest income (loss)		(571	)		(55	)		(243	)		56
Non-interest expenses
Salaries and employee benefits		3,208			3,284			6,498			6,493
Occupancy and equipment expense		916			950			1,850			1,863
Intangible expense		199			322			397			645
FDIC Assessment		833			174			1,181			348
Advertising and marketing		59			131			129			254
Stationery and supplies		109			171			220			304
Professional services		173			259			364			485
Data processing		238			232			466			457
Defaulted loan expense		926			511			1,687			946
Other operating expenses		442			394			822			871
Total non-interest expenses		7,103			6,428			13,614			12,666
Loss before income tax provision		(13,747	)		(6,945	)		(23,140	)		(5,905	)
Income tax provision		(4,672	)		(2,331	)		(7,816	)		(1,967	)
Net loss		($9,075	)		($4,614	)		($15,324	)		($3,938	)
Per share data:
Net loss — basic		($1.19	)		($0.57	)		($2.00	)		($0.49	)
Net loss — diluted		($1.19	)		($0.57	)		($2.00	)		($0.49	)
Weighted average number of shares outstanding — basic		7,644,207			8,051,037			7,644,198			8,095,379
Weighted average number of shares outstanding — diluted		7,644,207			8,051,037			7,644,198			8,095,379

The accompanying notes are an integral part of these consolidated statements.

DEARBORN BANCORP, INC. AND SUBSIDIARY
ASSET QUALITY DATA

(Dollars, in thousands)

	6/30/2009		3/31/2009		12/31/2008		9/30/2008		6/30/2008
Troubled debt restructuring	$	46,714	$	19,506	$	17,765	$	15,328	$	13,145
Loans over 90 days past due and still accruing		0		0		450		3,141		7,319
Non-accrual loans		57,610		55,148		51,708		51,342		36,195
Total non-performing loans		104,324		74,654		69,923		69,811		56,659
Other real estate and other repossessed assets		17,434		14,624		9,657		8,343		5,411
Total non-performing assets	$	121,758	$	89,278	$	79,580	$	78,154	$	62,070
Net charge-offs (Year to date)	$	16,367	$	6,547	$	10,771	$	3,910	$	3,611
Allowance for loan losses		22,422		18,632		14,452		16,429		16,638

ASSET QUALITY RATIOS

	6/30/2009			3/31/2009			12/31/2008			9/30/2008			6/30/2008
Non-accrual loans to total loans		6.53	%		6.13	%		5.54	%		5.47	%		3.83	%
Non-performing loans to total loans		11.83	%		8.29	%		7.49	%		7.43	%		6.00	%
Non-performing assets to total assets		12.30	%		8.31	%		7.09	%		7.25	%		5.98	%
Loans over 90 days past due and still accruing to total loans		0.00	%		0.00	%		0.05	%		0.33	%		0.78	%
Net charge-offs to average loans		1.80	%		0.71	%		1.14	%		0.41	%		0.38	%
Allowance for loan losses to non-performing loans		21.49	%		24.96	%		20.67	%		23.53	%		29.37	%
Allowance for loan losses to non-performing assets		18.42	%		20.87	%		18.16	%		21.02	%		26.81	%
Allowance for loan losses to total loans		2.54	%		2.07	%		1.55	%		1.75	%		1.76	%

DEARBORN BANCORP, INC. AND SUBSIDIARY
CONSOLIDATED FINANCIAL DATA

(Dollars in thousands, except share and per share data)

	Quarter ended
	6/30/2009			3/31/2009			12/31/2008			9/30/2008			6/30/2008
EARNINGS SUMMARY
Net interest income	$	7,537		$	7,517		$	7,544		$	8,250		$	8,284
Provision for loan loss	$	13,610		$	10,727		$	4,884		$	90		$	8,746
Total non-interest income		($571	)	$	328			($1,305	)	$	319			($55	)
Total non-interest expense	$	7,103		$	6,511		$	46,029		$	6,312		$	6,428
Income taxes (benefit)		($4,672	)		($3,144	)		($15,267	)	$	747			($2,331	)
Net income (loss)		($9,075	)		($6,249	)		($29,407	)	$	1,420			($4,614	)
Basic earnings per share		($1.19	)		($0.82	)		($3.77	)	$	0.18			($0.57	)
Diluted earnings per share		($1.19	)		($0.82	)		($3.77	)	$	0.18			($0.57	)
MARKET DATA
Book value per share	$	11.43		$	12.60		$	13.42		$	16.53		$	16.43
Tangible book value per share	$	10.59		$	12.26		$	11.16		$	11.07		$	11.04
Market value per share	$	1.80		$	1.82		$	1.66		$	4.99		$	4.86
Average basic common shares		7,644,207			7,644,188			7,796,354			8,044,180			8,051,037
Average diluted common shares		7,644,207			7,644,188			7,796,354			8,082,263			8,051,037
Period end common shares		7,687,470			7,696,204			7,696,204			8,098,557			8,055,698
PERFORMANCE RATIOS
Return on average assets		-3.41	%		-2.30	%		-10.72	%		0.54	%		-1.77	%
Return on average equity		-37.35	%		-24.30	%		-87.91	%		4.22	%		-13.45	%
Net interest margin (FTE)		3.01	%		2.93	%		2.96	%		3.41	%		3.45	%
Efficiency ratio		83.53	%		79.69	%		572.00	%		71.78	%		73.06	%
ASSET QUALITY
Net charge-offs (YTD)	$	16,367		$	6,547		$	10,771		$	3,910		$	3,611
Nonperforming loans	$	104,324		$	74,654		$	69,923		$	69,811		$	56,659
Other real estate	$	17,434		$	14,624		$	9,657		$	8,343		$	5,411
Nonperforming loans to total loans		11.83	%		8.29	%		7.49	%		7.43	%		6.00	%
Nonperforming assets to total assets		12.30	%		8.31	%		7.09	%		7.25	%		5.98	%
Allowance for loan loss to total loans		2.54	%		2.07	%		1.55	%		1.75	%		1.76	%
CAPITAL & LIQUIDITY
Average equity to average assets		9.13	%		9.49	%		12.20	%		12.85	%		13.16	%
Tier 1 capital to risk weighted assets		7.32	%		9.51	%		9.11	%		10.23	%		10.21	%
Total capital to risk weighted assets		8.59	%		10.76	%		10.37	%		11.48	%		11.46	%
Loan to deposit ratio		108.44	%		99.17	%		99.45	%		109.36	%		114.58	%
Loan to funding ratio		98.05	%		92.33	%		91.87	%		99.77	%		104.54	%
END OF PERIOD BALANCES
Total portfolio loans	$	881,818		$	900,055		$	933,269		$	939,109		$	944,081
Earning assets	$	909,462		$	1,012,149		$	1,064,196		$	992,951		$	959,205
Total assets	$	989,800		$	1,073,744		$	1,121,918		$	1,077,979		$	1,038,538
Deposits	$	813,167		$	907,579		$	938,395		$	858,751		$	823,922
Total shareholders’equity	$	87,877		$	96,964		$	103,311		$	133,840		$	132,371
AVERAGE BALANCES
Total portfolio loans	$	897,978		$	919,705		$	940,195		$	944,262		$	947,892
Earning assets	$	1,004,914		$	1,039,618		$	1,010,304		$	961,935		$	966,437
Total assets	$	1,066,951		$	1,099,573		$	1,091,120		$	1,042,152		$	1,048,423
Deposits	$	898,387		$	920,113		$	876,569		$	822,424		$	807,347
Total shareholders’equity	$	97,454		$	104,298		$	133,081		$	133,949		$	138,002

DEARBORN BANCORP, INC. AND SUBSIDIARY
CONSOLIDATED BALANCE SHEETS

	Quarter Ended
(Dollars, in thousands)	6/30/09			3/31/09			12/31/08			9/30/08			6/30/08
ASSETS
Cash and cash equivalents
Cash and due from banks	$	25,475		$	11,881		$	11,671		$	15,719		$	12,778
Federal funds sold		1,425			6,841			4,455			14,281			1,301
Interest bearing deposits with banks		18,454			53,262			36,876			33,146			147
Total cash and cash equivalents		45,354			71,984			53,002			63,146			14,226
Mortgage loans held for sale		60			3,009			1,834			281			755
Securities, available for sale		4,007			45,368			84,148			2,520			9,381
Federal Home Loan Bank stock		3,698			3,614			3,614			3,614			3,540
Loans
Loans		881,818			900,055			933,269			939,109			944,081
Allowance for loan loss		(22,422	)		(18,632	)		(14,452	)		(16,429	)		(16,638	)
Net loans		859,396			881,423			918,817			922,680			927,443
Bank premises and equipment, net		20,784			21,001			21,272			21,491			21,630
Other real estate		17,434			14,624			9,657			8,343			5,411
Goodwill		0			0			0			34,028			34,028
Other intangible assets		4,195			4,394			4,592			10,165			10,487
Accrued interest receivable		3,512			3,920			3,499			3,601			3,757
Other assets		31,360			24,407			21,483			8,110			7,880
Total assets	$	989,800		$	1,073,744		$	1,121,918		$	1,077,979		$	1,038,538
LIABILITIES
Deposits
Non-interest bearing deposits	$	83,752		$	80,624		$	81,317		$	83,555		$	82,798
Interest bearing deposits		729,415			826,955			857,078			775,196			741,124
Total deposits		813,167			907,579			938,395			858,751			823,922
Other liabilities
Federal funds purchased		0			0			0			0			3,600
Securities sold under agreements to repurchase		2,206			2,268			2,461			222			171
Federal Home Loan Bank advances		73,955			54,955			65,019			72,283			65,401
Other liabilities		1,104			606			1,037			1,735			1,026
Accrued interest payable		1,491			1,372			1,695			1,148			2,047
Subordinated debentures		10,000			10,000			10,000			10,000			10,000
Total liabilities		901,923			976,780			1,018,607			944,139			906,167
Total stockholders’ equity		87,877			96,964			103,311			133,840			132,371
Total liabilities and stockholders’ equity	$	989,800		$	1,073,744		$	1,121,918		$	1,077,979		$	1,038,538

DEARBORN BANCORP, INC. AND SUBSIDIARY
CONSOLIDATED INCOME STATEMENT

	Quarter ended
(Dollars, in thousands)	6/30/2009			3/31/2009			12/31/2008			9/30/2008			6/30/2008
INTEREST INCOME
Interest on loans, including fees	$	13,286		$	13,810		$	14,623		$	14,742		$	14,994
Interest on other earning assets		287			356			216			121			131
Total interest income		13,573			14,166			14,839			14,863			15,125
INTEREST EXPENSE
Interest on deposits		5,458			5,998			6,440			5,764			5,874
Interest on other liabilities		578			651			855			849			967
Total interest expense		6,036			6,649			7,295			6,613			6,841
Net interest income		7,537			7,517			7,544			8,250			8,284
Provision for loan loss		13,610			10,727			4,884			90			8,746
Net interest income (loss) after provision for loan loss		(6,073	)		(3,210	)		2,660			8,160			(462	)
NON-INTEREST INCOME
Deposit service charges		412			380			431			426			390
Gain on the sale of loans		160			56			0			61			51
Loss on the sale or write-down of real estate		(1,538	)		(325	)		(1,808	)		(225	)		(569	)
Other		395			217			72			57			73
Total non-interest income (loss)		(571	)		328			(1,305	)		319			(55	)
NON-INTEREST EXPENSE
Salaries and employee benefits		3,208			3,290			3,236			3,413			3,284
Occupancy and equipment expense		916			934			981			908			950
Impairment of goodwill and other intangible assets		0			0			39,601			0			0
Other expense		2,979			2,287			2,211			1,991			2,194
Total non-interest expense		7,103			6,511			46,029			6,312			6,428
Income (loss) before income tax provision		(13,747	)		(9,393	)		(44,674	)		2,167			(6,945	)
Income tax provision (benefit)		(4,672	)		(3,144	)		(15,267	)		747			(2,331	)
Net income (loss)		($9,075	)		($6,249	)		($29,407	)	$	1,420			($4,614	)

DEARBORN BANCORP, INC. AND SUBSIDIARY
NON-GAAP OPERATING EARNINGS INFORMATION

	Quarter Ended
(Dollars, in thousands except share and per share data)	6/30/2009			3/31/2009			12/31/2008			9/30/2008			6/30/2008
Income (loss) from continuing operations		($9,075	)		($6,249	)		($29,407	)	$	1,420			($4,614	)
Add: Non-recurring merger expenses		12			16			28			13			49
Tax effect		(4	)		(5	)		(10	)		(4	)		(17	)
After-tax non operating items		8			11			18			9			32
Core operating income (loss)		($9,067	)		($6,238	)		($29,389	)	$	1,429			($4,582	)

	Quarter Ended
	6/30/2009			3/31/2009			12/31/2008			9/30/2008			6/30/2008
Core operating income (loss)		($9,067	)		($6,238	)		($29,389	)	$	1,429			($4,582	)
Add: Amortization of intangible assets		199			198			0			323			322
Add: Impairment of goodwill and intangible assets		0			0			39,601			0			0
Tax effect		(68	)		(67	)		(13,464	)		(110	)		(109	)
After-tax non operating items		131			131			26,137			213			213
Cash operating income (loss)		($8,936	)		($6,108	)		($3,252	)	$	1,642			($4,369	)

	Quarter Ended
(Dollars, in thousands except share and per share data)	6/30/2009			6/30/2008
Income (loss) from continuing operations		($9,075	)		($4,614	)
After-tax non-recurring merger expenses		8			32
Core operating income (loss)		(9,067	)		(4,582	)
After tax amortization of intangible assets		131			213
Cash operating income (loss)		($8,936	)		($4,369	)

	Quarter Ended
Basic EPS	6/30/2009			6/30/2008
Income (loss) from continuing operations		($1.19	)		($0.57	)
After-tax non-recurring merger expenses	$	0.00		$	0.00
Core operating income (loss)		($1.19	)		($0.57	)
After tax amortization of intangible assets	$	0.02		$	0.03
Cash operating income (loss)		($1.17	)		($0.54	)

	Quarter Ended
Diluted EPS	6/30/2009			6/30/2008
Income (loss) from continuing operations		($1.19	)		($0.57	)
After-tax non-recurring merger expenses	$	0.00		$	0.00
Core operating income (loss)		($1.19	)		($0.57	)
After tax amortization of intangible assets	$	0.02		$	0.03
Cash operating income (loss)		($1.17	)		($0.54	)
Weighted average shares outstanding — basic		7,644,207			8,051,037
Weighted average shares outstanding — diluted		7,644,207			8,051,037

DEARBORN BANCORP, INC. AND SUBSIDIARY
TANGIBLE ASSETS & EQUITY

	Quarter Ended
(Dollars, in thousands)	6/30/2009		6/30/2008
Average GAAP equity	$	97,322	$	138,002
Goodwill		0		34,039
Other intangible assets		4,315		10,674
Deferred taxes		11,563		(1,099	)
		15,878		43,614
Average tangible equity	$	81,444	$	94,388

	Quarter Ended
	6/30/2009		6/30/2008
Average GAAP assets	$	1,066,951	$	1,048,423
Goodwill		0		34,039
Other intangible assets		4,315		10,674
Deferred taxes		11,563		(1,099	)
		15,878		43,614
Average tangible assets	$	1,051,073	$	1,004,809

DEARBORN BANCORP, INC. AND SUBSIDIARY
DEPOSIT INFORMATION

(In thousands)
	June 30
Category	2009		2008
Non-interest bearing
Demand	$	83,752	$	82,798
Interest bearing
Interest Checking	$	106,669	$	78,865
Money market		72,394		99,761
Savings		52,017		68,431
Time, under $100,000		221,980		187,628
Time, $100,000 and over		276,355		306,439
		729,415		741,124
	$	813,167	$	823,922

Dearborn Bancorp, Inc.
Loan Information at June 30, 2009

			Loan Detail										Other Related Data
			Accruing Loans										Allowance		Year to Date		Other Real
(In thousands)	6/30/09		Current		TDR		30 to 89 past due		90+ days past due		Non-Accrual		For Loan Losses		Net Charge-Offs		Estate Owned
Consumer Loans	$	30,270	$	29,017	$	0	$	214	$	0	$	1,039	$	359	$	528	$	18
Commercial Loans		156,688		131,630		14,346		3,791		0		6,921		4,025		2,301		1,913
Land Development — Residential		48,454		31,199		1,309		240		0		15,706		6,114		5,280		4,103
Land Development — Non Residential		13,405		7,483		0		1,150		0		4,772		1,448		2,356		384
Commercial Construction Loans — Residential		13,125		7,846		99		103		0		5,077		2,345		1,176		2,495
Commercial Construction Loans — Non Residential		22,518		16,336		0		0		0		6,182		869		430		0
Commercial Mortgage Loans		549,275		486,038		30,960		15,969		0		16,308		6,623		3,682		7,789
Residential Mortgages Loans		48,083		46,258		0		220		0		1,605		639		614		732
Totals	$	881,818	$	755,807	$	46,714	$	21,687	$	0	$	57,610	$	22,422	$	16,367	$	17,434

Loan Information at March 31, 2009

			Loan Detail										Other Related Data
			Accruing Loans										Allowance		Year to Date		Other Real
(In thousands)	3/31/09		Current		TDR		30 to 89 past due		90+ days past due		Non-Accrual		For Loan Losses		Net Charge-Offs		Estate Owned
Consumer Loans	$	31,000	$	29,664	$	0	$	208	$	0	$	1,128	$	314	$	113	$	18
Commercial Loans		161,138		143,349		9,490		2,630		0		5,669		2,712		1,003		2,499
Land Development — Residential		50,028		35,850		0		2,637		0		11,541		6,113		2,881		4,431
Land Development — Non Residential		15,914		8,873		0		0		0		7,041		4,203		197		282
Commercial Construction Loans — Residential		15,687		11,730		0		0		0		3,957		2,237		64		2,785
Commercial Construction Loans — Non Residential		25,716		18,997		0		0		0		6,719		1,494		176		0
Commercial Mortgage Loans		548,692		511,915		10,016		8,649		0		18,112		1,008		2,088		3,708
Residential Mortgages Loans		51,880		49,761		0		1,138		0		981		551		25		901
Totals	$	900,055	$	810,139	$	19,506	$	15,262	$	0	$	55,148	$	18,632	$	6,547	$	14,624

Loan Information at December 31, 2008

			Loan Detail										Other Related Data
			Accruing Loans										Allowance		Year to Date		Other Real
(In thousands)	12/31/08		Current		TDR		30 to 89 past due		90+ days past due		Non-Accrual		For Loan Losses		Net Charge-Offs		Estate Owned
Consumer Loans	$	31,864	$	30,652	$	0	$	127	$	0	$	1,085	$	163	$	299	$	0
Commercial Loans		164,740		156,135		1,985		1,053		254		5,313		1,532		4,187		1,586
Land Development — Residential		54,323		37,044		3,843		0		0		13,436		3,663		2,636		4,089
Land Development — Non Residential		16,094		12,026		0		0		0		4,068		1,922		0		282
Commercial Construction Loans — Residential		17,296		12,524		0		0		0		4,772		1,316		801		1,975
Commercial Construction Loans — Non Residential		25,322		23,706		0		0		0		1,616		1,149		131		0
Commercial Mortgage Loans		571,204		532,977		11,937		5,583		196		20,511		4,509		2,425		1,003
Residential Mortgages Loans		52,426		51,233		0		286		0		907		198		292		722
Totals	$	933,269	$	856,297	$	17,765	$	7,049	$	450	$	51,708	$	14,452	$	10,771	$	9,657

Loan Information at September 30, 2008

			Loan Detail										Other Related Data
			Accruing Loans										Allowance		Year to Date		Other Real
(In thousands)	9/30/08		Current		TDR		30 to 89 past due		90+ days past due		Non-Accrual		For Loan Losses		Net Charge-Offs		Estate Owned
Consumer Loans	$	32,472	$	30,993	$	0	$	333	$	128	$	1,018	$	367	$	160	$	0
Commercial Loans		162,311		152,665		1,934		1,972		93		5,647		1,076		3,094		125
Land Development — Residential		56,878		42,352		4,381		820		0		9,325		4,072		229		4,425
Land Development — Non Residential		17,894		12,295		671		860		0		4,068		1,791		0		343
Commercial Construction Loans — Residential		20,573		12,909		1,168		0		0		6,496		3,069		0		729
Commercial Construction Loans — Non Residential		30,145		23,901		2,558		492		0		3,194		843		58		0
Commercial Mortgage Loans		565,365		533,592		4,616		3,494		2,810		20,853		4,672		185		2,049
Residential Mortgages Loans		53,471		52,172		0		448		110		741		539		184		672
Totals	$	939,109	$	860,879	$	15,328	$	8,419	$	3,141	$	51,342	$	16,429	$	3,910	$	8,343

Loan Information at June 30, 2008

			Loan Detail										Other Related Data
			Accruing Loans										Allowance		Year to Date		Other Real
(In thousands)	6/30/08		Current		TDR		30 to 89 past due		90+ days past due		Non-Accrual		For Loan Losses		Net Charge-Offs		Estate Owned
Consumer Loans	$	33,206	$	31,822	$	0	$	1,007	$	216	$	161	$	339	$	165	$	70
Commercial Loans		169,956		161,781		1,757		3,583		639		2,196		890		3,096		280
Land Development — Residential		60,170		47,449		2,606		0		693		9,422		5,021		0		1,133
Land Development — Non Residential		21,000		16,261		0		789		0		3,950		1,923		0		343
Commercial Construction Loans — Residential		20,605		13,725		1,080		96		606		5,098		2,780		0		1,227
Commercial Construction Loans — Non Residential		35,087		28,788		3,086		0		0		3,213		1,118		58		0
Commercial Mortgage Loans		549,145		523,047		4,616		5,748		5,021		10,713		4,049		186		2,180
Residential Mortgages Loans		54,466		51,408		0		1,472		144		1,442		518		106		178
Totals	$	943,635	$	874,281	$	13,145	$	12,695	$	7,319	$	36,195	$	16,638	$	3,611	$	5,411