-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RTDs4qRNDDCWdYoRlgpL3ng/lHShrQ/t72CTVd87d0cSxo8Ucwu84ztDu6vpfuyL jO3oTsKEqwH5qIfxHHjg6Q== 0000950144-99-014254.txt : 19991223 0000950144-99-014254.hdr.sgml : 19991223 ACCESSION NUMBER: 0000950144-99-014254 CONFORMED SUBMISSION TYPE: 10QSB/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990930 FILED AS OF DATE: 19991222 FILER: COMPANY DATA: COMPANY CONFORMED NAME: M&F BANCORP INC /NC/ CENTRAL INDEX KEY: 0001094738 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 561980549 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10QSB/A SEC ACT: SEC FILE NUMBER: 000-27307 FILM NUMBER: 99779394 BUSINESS ADDRESS: STREET 1: 116 WEST PARRSH STREET STREET 2: P O BOX 1932 CITY: DURHAM STATE: NC ZIP: 27701-3321 BUSINESS PHONE: 9196831521 MAIL ADDRESS: STREET 1: 116 WEST PARRISH STREET STREET 2: P O BOX 1932 CITY: DURHAM STATE: NC ZIP: 27701-3321 10QSB/A 1 M & F BANCORP, INC. 1 - -------------------------------------------------------------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 ----------------------------- FORM 10-QSB/A AMENDMENT NO. 1 [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 1999 Commission File Number 0-27307 M&F BANCORP, INC. ----------------- (Name of small business issuer in its charter) NORTH CAROLINA 56-1980549 - ----------------------------------------------------------------------------------------------------- (State or other jurisdiction of incorporation or organization) (IRS Employer Identification No.)
2634 CHAPEL HILL BLVD., P.O. BOX 1932, DURHAM, NORTH CAROLINA 27702 ------------------------------------------------------------------- (Address of principal executive offices) (919) 683-1521 -------------- (Issuer's telephone number) Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [ ] State the number of shares outstanding of each of the issuer's class of common equity, as of the latest practicable date: COMMON STOCK NO PAR VALUE 569,200 ------------------------------------------------ Outstanding at September 30, 1999 Note: This amendment is to correct a typographical error on the Registrant's Consolidated Condensed Statement of Income on page 5 for the entry of non-interest income. 2 M&F BANCORP, INC. CONSOLIDATED CONDENSED STATEMENT OF INCOME (unaudited)
(in thousands, except per share data) Quarter Ending: September 30, 1999 September 30, 1998 ------------------ ------------------ Interest Income: Interest on Loans $2,197 $2,178 Securities: Taxable 380 329 Tax exempt 128 66 Federal Funds Sold 17 11 Other Interest 28 4 ------ ------ Total Interest Income $2,750 $2,588 Interest Expense: Interest-bearing Demand 31 46 Savings 254 258 Time Deposits 487 494 Interest on Federal Funds & Borrowings 118 26 ------ ------ Total Interest Expense $ 890 $ 824 Net Interest Income 1,860 1,764 Provision for Loan Losses 12 118 ------ ------ Net Interest Income After Provision for Loan Losses 1,848 1,646 Non-interest Income 415 365 Non-interest Expense 1,617 1,595 Income before Taxes 646 416 Income Tax Expense 188 185 ------ ------ Net Income $ 458 $ 231 ====== ====== Earnings per share common equivalent shares: Basic $ .80 $ .41 Diluted $ .80 $ .41 Weighted average shares outstanding: Basic 569 569 Diluted 569 569
3 SIGNATURES In accordance with the requirements of the Exchange Act, the registrant caused this report to signed on its behalf by the undersigned, thereunto duly authorized. M&F Bancorp, Inc. - ----------------- (Registrant) Date: December 22, 1999 By: /s/ J. W. Taylor ---------------------------------- J. W. Taylor Chairman, President/CEO Date: December 22, 1999 By: /s/ Lee Johnson, Jr. ---------------------------------- Lee Johnson, Jr. Vice President -----END PRIVACY-ENHANCED MESSAGE-----