8-K

United States

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  August 13, 2013

M&F BANCORP, INC.

(Exact Name of Registrant as specified in its charter)

North Carolina	000-27307	56-1980549
(State or other jurisdiction of incorporation)	(Commission File No.)	(IRS Employer Identification No.)

2634 Durham-Chapel Hill Boulevard, Durham, North Carolina 27707

(Address of principal executive offices)

Registrant’s telephone number, including area code (919) 683-1521

Not Applicable

(Former address of principal executive offices)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 2.02– RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On August 13, 2013, M&F Bancorp, Inc. issued a press release announcing its financial results for the quarter ended June 30, 2013. A copy of the press release is attached as Exhibit 99.1 hereto and is incorporated herein by reference.

Pursuant to General Instruction B.2 of the Current Report on Form 8-K, the information in this Current Report on Form 8-K, including the press release appearing in Exhibit 99.1, is furnished and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section. Furthermore, the information in this Current Report on Form 8-K, including the press release appearing in Exhibit 99.1, shall not be deemed to be incorporated by reference into the filings of the registrant under the Securities Act of 1933, as amended.

ITEM 9.01 – FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits.

The following exhibits are filed herewith:

EXHIBIT NO.	DESCRIPTION OF EXHIBIT
99.1	Press Release dated August 13, 2013.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

M&F BANCORP, INC.
By:	/s/ Kim D. Saunders
	Kim D. Saunders
	President and Chief Executive Officer

Dated: August 13, 2013 

EXHIBIT INDEX

Exhibit Number	Description of Exhibit
99.1	Press Release dated August 13, 2013.

EX-99.1

  Exhibit 99.1

FOR IMMEDIATE RELEASE – August 13, 2013	Contact:
	Randall C. Hall, SVP/CFO
	919.313.3600
	randall.hall@mfbonline.com

M&F Bancorp, Inc. Announces June 30, 2013 Results

DURHAM, N.C.--

M&F Bancorp, Inc. (OTCBB: MFBP), a bank holding company headquartered in Durham, NC, today reported second quarter 2013 results with highlights as follows:

· M&F Bank, the subsidiary of M&F Bancorp, Inc., continued to maintain “Well Capitalized” status, the highest regulatory capital measure. Capital ratios at June 30 2013 for M&F Bank were 11.93% for Tier 1 leverage, 16.77% for Tier 1 risk-based, and 18.02% for total risk based.

· Past due loans decreased from $10,462 thousand at December 31, 2012 to $7,540 thousand at June 30, 2013.

· Net income was $3 thousand for the six months ended June 30, 2013 compared to $326 thousand for the six months ended June 30, 2012. Net loss was $7 thousand for the three months ended June 30, 2013 compared to net income of $183 thousand for the three months ended June 30, 2012.

· Net loss available to common shareholders was $115 thousand for the six months ended June 30, 2013 compared to net income available to common stockholders of $207 thousand for the six months ended June 30, 2012. Net loss available to common shareholders was $66 thousand for the three months ended June 30, 2013 compared to net income available to common stockholders of $124 thousand for the three months ended June 30, 2012.

· Diluted net loss per common share was $0.06 for the six months ended June 30, 2013 compared to net income per common share of $0.10 for the six months ended June 30, 2012. Diluted net loss per common share was $0.03 for the three months ended June 30, 2013 compared to net income per common share of $0.06 for the three months ended June 30, 2012.

· Net interest margin, computed on a fully tax equivalent basis, improved 9 basis points to 3.92% for the three months ended June 30, 2013 over the same period in 2012, and remained unchanged at 3.76% for the six months ended June 30, 2013 and 2012.

· Non-interest expense increased primarily as a result of other real estate owned expenses, which increased from $149 thousand for the six months ended June 30, 2012 to $253 thousand for the six months ended June 30, 2013. For the three months ended June 30, 2013 and 2012, other real estate owned expenses totaled $218 thousand and $48 thousand, respectively.

“We are continuing to experience significant pressure on our existing loan portfolio due to a challenging loan environment and competition. We continue to lend to qualified borrowers throughout our markets in the Piedmont-Triad region, Charlotte, Durham, and Raleigh, and our loan pipeline is showing signs of improvement. We also continue to work with borrowers, who have experienced financial challenges from the severe and prolonged economic downturn, and are beginning to experience the benefits of our labor as shown in our non-accrual loans, which decreased from $10,410 thousand at June 30, 2012 to $7,343 thousand June 30, 2013,” stated Kim D. Saunders, President and CEO. “We are continuing our focus on reducing non-performing and classified assets in 2013 to further strengthen our bank and improve our operating results,” said Saunders.

This release contains certain forward-looking statements with respect to the financial condition, results of operations and business of M&F Bancorp, Inc. (the “Company”) and M&F Bank. These forward-looking statements involve risks and uncertainties and are based on the beliefs and assumptions of management of the Company and M&F Bank and on the information available to management at the time that these disclosures were prepared. These statements can be identified by the use of words like "expect," "anticipate," "estimate" and "believe," variations of these words and other similar expressions. Readers should not place undue reliance on forward-looking statements as a number of important factors could cause actual results to differ materially from those in the forward-looking statements. Neither the Company nor M&F Bank undertakes an obligation to update any forward-looking statements. Additional information is detailed in the Company's filings with the Securities and Exchange Commission, and is available at www.sec.gov.

Source: M&F Bancorp, Inc.