April 5, 2010 (FinancialWire) — Blue River Bancshares, Inc. (OTCBB: BRBI) reported a consolidated net loss of $2,429,000 for the year ended December 31, 2009 and a net loss to common shareholders of $2,700,000.

This net loss compares to a consolidated net loss to common shareholders of $113,000 for the same period of 2008. Fully diluted loss per share was $.90 for the year ended December 31, 2009, compared to $0.04 for the year ended December 31, 2008. Weighted average outstanding shares (fully diluted) for 2009 were 2,991,313 as compared to 3,221,294 for 2008.

The net loss to common shareholders of $2,700,000 for the year ended December 31, 2009 was primarily the result of $4,151,000 of provision to the allowance for loan losses, $714,000 of other than temporary impairment, (OTTI) charges on investments and $427,000 of write downs on other real estate (ORE) and other repossessed assets.

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