M&F BANCORP INC /NC/ company info

CIK 1094738
IRS Number 561980549
State of incorporation NC
Business address 2634 CHAPTEL HILL BLVD
PO BOX 19322
Mail address 2634 CHAPTEL HILL BLVD
PO BOX 19322

Short summary

M&F BANCORP INC /NC/ is a North Carolina company, with head office located at 2634 Chaptel Hill Blvd Durham, North Carolina 27702-3221. The company achieved a record breaking net income in 2014 - 1.05 million USD. In 2015 the company owned a total of 296.70 million USD worth of assets. 2010 was the year when the company amassed the most assets.

M&F BANCORP INC /NC/ Income Statement

Name [in Millions USD]2009201020112012201320142015Trends
Interest expense 2.161.501.020.770.700.72
Income Tax Expense (Benefit)
Net income 0.810.610.340.361.050.35

M&F BANCORP INC /NC/ Balance Sheet

Name [in Millions USD]2009201020112012201320142015Trends
Cash and cash equivalents 49.4869.4935.2030.3328.9629.1532.93
Property, Plant and Equipment, Gross 10.2110.5810.6210.8911.43
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 5.565.906.246.607.02
Total assets 312.92288.63282.53298.66295.54296.70
Total liabilities 275.82252.09246.80261.52259.30260.07
Common Stock, Value, Issued 8.738.738.738.738.738.73
Retained Earnings (Accumulated Deficit) 17.6117.5917.1217.7717.8217.75
Accumulated Other Comprehensive Income (Loss), Net of Tax -0.97-1.51-1.84-1.09-2.04-1.57


Name [in Millions USD]2009201020112012201320142015Trends
Net income 0.810.610.340.361.050.35
Depreciation 0.400.300.300.400.40
Depreciation and amortization 0.410.360.340.350.350.42
Deferred Income Tax Expense (Benefit) -
Net Cash Provided by (Used in) Operating Activities 2.860.392.581.911.582.50
Payments to Acquire Property, Plant, and Equipment
Net Cash Provided by (Used in) Investing Activities 4.31-1.99-12.54-24.257.44-6.09
Net Cash Provided by (Used in) Financing Activities 37.10-11.69-8.768.52-4.49-1.24
Cash and Cash Equivalents, Period Increase (Decrease) 44.26-13.28-18.71-14.004.52-4.83