M&F Bancorp Inc. reported unaudited financial results for the second quarter and six months ended June 30, 2015. For the quarter, the company's net income was $318,000 compared to $507,000 for the second quarter of 2014, a decrease of $189,000. Net income available to common shareholders for the second quarter of 2015 was $259,000 compared to $448,000 for the second quarter of 2014, a decrease of $189,000. Diluted income per common share decreased $0.09 to $0.13 for the second quarter of 2015 compared to $0.22 in the second quarter of 2014. The Company produced net interest income of $2.5 million during the three months ended June 30, 2015, which was down slightly from the $2.6 million generated for the same period of 2014. Interest income decreased $112,000 or 4.31% to $2.7 million for the three months ended June 30, 2015 as compared to the same period of the prior year. Interest expense remained flat at $164,000 for the three months ended June 30, 2015 and 2014.

For the six months, the company's net income was $149,000 compared to $784,000 for the same period of 2014, a decrease of $635,000. Net income available to common shareholders for the six months ended June 30, 2015 was $32,000 compared to $667,000 for the same period of 2014, a decrease of $635,000. Diluted income per common share decreased $0.31 to $0.02 for the six months ended June 30, 2015 compared to $0.33 in the same period of 2014. The Company produced net interest income of $4.9 million during the six months ended June 30, 2015, which was $373,000 lower than the $5.3 million generated for the same time of 2014. The decrease was primarily caused by lower interest income, which decreased $375,000 or approximately 6.69% to $5.2 million for the six months ended June 30, 2015 as compared to the same period of the prior year. Interest expense decreased slightly to $337,000 for the six months ended June 30, 2015 compared to $339,000 for the same period in 2014.