M&F Bancorp Inc (MFBP) Financial Statements (2024 and earlier)

Company Profile

Business Address 2634 CHAPTEL HILL BLVD
DURHAM, NC 27702-3221
State of Incorp. NC
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments40,18828,27336,04729,14732,81035,574
Cash and cash equivalents40,18828,27336,04729,14732,81035,574
Receivables  352   354
Total current assets:40,18828,62536,04729,14732,81035,928
Noncurrent Assets
Property, plant and equipment4,5874,4124,3894,2744,3304,293
Total noncurrent assets:4,5874,4124,3894,2744,3304,293
Other undisclosed assets259,913265,213261,041262,118260,644258,164
TOTAL ASSETS:304,688298,250301,477295,539297,784298,385
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  24   24
Total current liabilities:  24   24
Noncurrent Liabilities
Other undisclosed liabilities268,110262,002264,650259,298261,328261,783
Total liabilities:268,110262,026264,650259,298261,328261,807
Equity
Equity, attributable to parent, including:36,57836,22436,82736,24136,45636,578
Common stock8,7328,7328,7328,7328,7328,732
Accumulated other comprehensive loss(1,640)(2,134)(1,668)(2,038)(1,562)(1,668)
Retained earnings17,75517,89518,03317,81717,55717,785
Other undisclosed equity, attributable to parent11,73111,73111,73011,73011,72911,729
Total equity:36,57836,22436,82736,24136,45636,578
TOTAL LIABILITIES AND EQUITY:304,688298,250301,477295,539297,784298,385

Income Statement (P&L) ($ in thousands)

6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
Revenues2,7102,8493,0392,9442,8693,112
Net investment income2,4422,5572,7492,6512,5752,857
Financial services revenue268292290293294255
Cost of revenue
(Financial Services Costs)
      
Gross profit:2,7102,8493,0392,9442,8693,112
Operating expenses(2,239)(1,979)(2,129)(2,122)(2,368)(2,483)
Other operating income, net
(Noninterest Income, Other Operating Income)
4592346
Operating income:516879912825505635
Nonoperating income (expense)115(169)11720120196
Investment income, nonoperating54(149)5813715556
Losses on sales of other real estate  (79)  (4)(12)
Bank owned life insurance income615959645052
Interest and debt expense(180)(220)(160)(164)(173)(204)
Other undisclosed loss from continuing operations before equity method investments, income taxes(541)(601)(532)(473)(725)(532)
Income (loss) from continuing operations before income taxes:(90)(111)337389(192)(5)
Income tax expense (benefit)933(61)(71)2339
Income (loss) from continuing operations:(81)(78)276318(169)34
Income (loss) before gain (loss) on sale of properties:(81)(78)276318(169)34
Net income (loss) attributable to parent:(81)(78)276318(169)34
Preferred stock dividends and other adjustments(59)(60)(59)(59)(59)(60)
Net income (loss) available to common stockholders, diluted:(140)(138)217259(228)(26)

Comprehensive Income ($ in thousands)

6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
Net income (loss):(81)(78)276318(169)34
Other comprehensive income (loss)494(654)370(476)106(449)
Comprehensive income (loss):413(732)646(158)(63)(415)
Other undisclosed comprehensive income, net of tax, attributable to parent  188    
Comprehensive income (loss), net of tax, attributable to parent:413(544)646(158)(63)(415)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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