Dearborn Bancorp Inc. expected to Report Fiscal Year 2009 Results on January 20, 2010. This event was calculated by Capital IQ (Created on October 26, 2009).

Dearborn Bancorp Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net interest income of $7,826,000, net interest loss after provision for loan losses of $6,359,000, loss before income tax provision of $18,769,000, net loss of $40,045,000, or per $5.24 per diluted share and total interest income of $13,246,000 compared to net interest income of $8,250,000, net interest income after provision for loan losses of $8,160,000, income before income tax provision of $2,167,000, net income of $1,420,000, or per $0.18 per diluted share and total interest income of $14,863,000 for the same period last year. The third quarter of 2009 includes a one-time non-cash charge of $4,195,000, which writes off all remaining intangible assets related to prior acquisitions and a one-time non-cash charge of $26,976,000 which is included in federal income tax expense to establish a valuation allowance on the entire net deferred tax assets. For the nine months, the company reported net interest income of $22,880,000, net interest loss after provision for loan losses of $15,642,000, loss before income tax provision of $41,909,000, net loss of $55,369,000, or per $7.24 per diluted share and total interest income of $40,985,000 compared to net interest income of $24,587,000, net interest income after provision for loan losses of $14,865,000, loss before income tax provision of $3,738,000, net loss of $2,518,000, or per $0.31 per diluted share and total interest income of $46,287,000 for the same period last year. The company reported book value per share of $6.23 compared to $16.53 for the same period last year. The company reported negative return on average assets of 15.60%, negative return on average equity of 179.39% compared to return on average assets of 0.54%, return on average equity of 4.22% for the same period last year.

Dearborn Bancorp Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported net interest income of $7,537,000, loss before income tax provision of $13,747,000 and net loss of $9,075,000 or $1.19 basic and diluted per share on total interest income of $13,573,000 against net interest income of $8,284,000, loss before income tax provision of $6,945,000 and net loss of $4,614,000 or $0.57 basic and diluted per share on total interest income of $15,125,000 for the same period a year ago. The company also reported negative return on average assets of 3.41% and negative return on average equity of 37.35%. For the six months, the company reported net interest income of $15,054,000, loss before income tax provision of $23,140,000 and net loss of $15,324,000 or $2.00 basic and diluted per share on total interest income of $27,739,000 against net interest income of $16,337,000, loss before income tax provision of $5,905,000 and net loss of $3,938,000 or $0.49 basic and diluted per share on total interest income of $31,424,000 for the same period a year ago.