M&F Bancorp Inc. reported unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net income of $507,000 compared to net loss of $7,000 for the second quarter of 2013, an increase of $514,000. Net income available to common shareholders was $448,000 compared to net loss available to common shareholders of $66,000 for the second quarter of 2013, an increase of $514,000. Diluted income per common share increased $0.25 to $0.22 for the second quarter of 2014 compared to diluted loss per common share of $0.03 in the second quarter of 2013. The company produced net interest income of $2.6 million, which was higher than the $2.5 million generated for the same period of 2013. The increase was caused by higher interest income, which increased $73,000 or approximately 2.71% to $2.8 million for the second three months of 2014 as compared to the same period of the prior year.

For the six months period, the company reported net income for of $784,000 compared to net income of $3,000 for the same period of 2013, an increase of $781,000. Net income available to common shareholders was $667,000 compared to loss income available to common shareholders of $115,000 for the same period of 2013, an increase of $782,000. Diluted income per common share increased $0.39 to $0.33 for the six months ended June 30, 2014 compared to diluted loss per common share of $0.06 in the same period of 2013. The company produced net interest income of $5.3 million during the six months ended June 30, 2014, which was $286,000 higher than the $5.0 million generated for the same time of 2013.