M&F Bancorp Inc (MFBP) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments28,27335,57428,58342,586
Cash and cash equivalents28,27335,57428,58342,586
Receivables352354  
Income taxes receivable342568
Total current assets:28,62535,92828,92543,154
Noncurrent Assets
Property, plant and equipment4,4124,2934,3734,683
Total noncurrent assets:4,4124,2934,3734,683
Other undisclosed assets265,213258,164268,191248,262
TOTAL ASSETS:298,250298,385301,489296,099
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt2424  
Total current liabilities:2424  
Noncurrent Liabilities
Other undisclosed liabilities262,002261,783265,352259,820
Total liabilities:262,026261,807265,352259,820
Stockholders' equity
Stockholders' equity attributable to parent, including:36,22436,57836,13736,279
Preferred stock  11,72711,725
Common stock8,7328,7328,7328,732
Accumulated other comprehensive loss(2,134)(1,668)(1,425)(1,408)
Retained earnings17,89517,78517,10317,230
Other undisclosed stockholders' equity attributable to parent11,73111,729  
Total stockholders' equity:36,22436,57836,13736,279
TOTAL LIABILITIES AND EQUITY:298,250298,385301,489296,099

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

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues11,69812,418  
Net investment income10,53111,286  
Cost of revenue
(Financial Services Costs)
 (50)(329)(166)
Gross profit:11,69812,368(329)(166)
Operating expenses(8,725)(8,686)(6,234)(6,467)
Other operating income, net
(Noninterest Income, Other Operating Income)
204323336
Operating income (loss):2,9934,114(6,230)(6,627)
Nonoperating income433460519538
Investment income, nonoperating200194293366
Bank owned life insurance income233205213204
Interest and debt expense(717)(699)(767)(1,022)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(2,286)(2,276)6,9927,568
Income from continuing operations before income taxes:4231,599514457
Income tax expense(76)(552)(151)(116)
Net income attributable to parent:3471,047363341
Preferred stock dividends and other adjustments(237)(237)(237)(237)
Net income available to common stockholders, diluted:110810126104

Comprehensive Income ($ in thousands)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income:3471,047363341
Other comprehensive income (loss)(466)(243)(17)31
Comprehensive income (loss), net of tax, attributable to parent:(119)804346372

Statements sources

The financial statements are based on the company's filings with the 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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