Birmingham Bloomfield Bancshares Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net income applicable to common shareholders of $286,577 or $0.16 per share of common stock for the first quarter of 2013, compared to net income applicable to common shareholders of $336,394 or $0.19 per share for the first quarter of 2012. Total net interest income for the first quarter of 2013 increased 13.2% to $1,577,207, compared to $1,394,806 for the first quarter of 2012. The increase in net interest income was the result of earning assets growth and a reduction in funding costs. Total loan interest and fee income was $1,761,562 against $1,592,317 a year ago. Total investment income was $23,152,000 against $25,696,000 a year ago. Total interest income was $1,791,831 against $1,621,427 a year ago. Net interest income after provision for loan losses was $1,567,207 against $1,373,806 a year ago. Net income before income taxes was $449,732 against $519,300 a year ago. Return on average assets (annualized) was 0.78% against 1.11% a year ago. Return on average assets (annualized) was 1.21% against 1.71% a year ago. Return on average common equity (annualized) was 9.66% against 12.08% a year ago. Return on average common equity (annualized) was 14.89% against 18.72% a year ago. Book value per share as at March 31, 2013 was $6.94 compared to $6.44 as at March 31, 2012.

Birmingham Bloomfield Bancshares Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported total interest income of $1,770,532 compared to $1,629,961 a year ago. Net interest income after provision for loan losses was $1,473,526 compared to $1,275,379 a year ago. Net income before income taxes was $525,661 compared to $100,444 a year ago. Net income applicable to common shareholders was $336,691 or $0.18 per basic and diluted share compared to $2,965,427 or $1.64 per basic and diluted share a year ago. Return on average assets (annualized) was 0.90% compared to 9.60 % a year ago. Return on average assets (annualized) was 1.53% compared to 0.56% a year ago. Return on average common equity (annualized) was 11.35% compared to 132.13% a year ago. Return on average common equity (annualized) was 19.42% compared to 7.77% a year ago. Book value per share was $6.79 compared to $6.26 a year ago. For the year, the company reported total interest income of $6,856,412 compared to $6,365,178 a year ago. Net interest income after provision for loan losses was $5,469,787 compared to $4,907,960 a year ago. Net income before income taxes was $1,614,356 compared to $1,049,453 a year ago. Net income applicable to common shareholders was $1,019,099 or $0.56 per basic and diluted share compared to $3,750,076 or $2.08 per basic and diluted share a year ago. Return on average assets (annualized) was 1.48% compared to 1.080 % a year ago. Return on average assets (annualized) was 0.77% compared to 3.30% a year ago. Return on average common equity (annualized) was 9.02% compared to 47.59% a year ago. Return on average common equity (annualized) was 17.48% compared to 15.52% a year ago.

Birmingham Bloomfield Bancshares Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, the company reported total interest income of $1,745,511 compared to $1,582,078 a year ago. Net interest income after provision for loan losses was $1,176,903 compared to $1,175,883 a year ago. Net income before income taxes was $228,447 compared to $176,973 a year ago. Net income applicable to common shareholders was $138,195 or $0.08 per basic and diluted share compared to $108,978 or $0.06 per basic and diluted share a year ago. Book value per share was $6.44 compared to $4.44 a year ago. Return on average assets (annualized) was 0.41% compared to 0.58% a year ago. Return on average assets (annualized) was 1.52% compared to 0.92% a year ago. Return on average common equity (annualized) was 4.92% compared to 8.49% a year ago. Return on average common equity (annualized) was 18.35% compared to 13.53% a year ago. For the nine months, the company reported total interest income of $5,085,880 compared to $4,735,217 a year ago. Net interest income after provision for loan losses was $3,996,261 compared to $3,632,581 a year ago. Net income before income taxes was $1,088,695 compared to $949,009 a year ago. Net income applicable to common shareholders was $682,408 or $0.38 per basic and diluted share compared to $784,649 or $0.44 per basic and diluted share a year ago. Book value per share as on September 30, 2012 was $6.61 compared to $4.65 as of September 30, 2011. Return on average assets (annualized) was 0.72% compared to 1.08% a year ago. Return on average assets (annualized) was 1.47% compared to 1.26% a year ago. Return on average common equity (annualized) was 8.21% compared to 15.80% a year ago. Return on average common equity (annualized) was 16.81% compared to 18.44% a year ago. The 2012 performance was impacted by the recognition of income tax expense not required in 2011.