M&F Bancorp Inc. announced earnings results for the first quarter ended March 31, 2013. For the quarter, net loss available to common stockholders were $49,000 against net income of $82,000 a year ago. Net income before preferred stock dividends and accretion was $10,000 compared to $141,000 a year ago. The decrease was reflective of lower average earning assets and lower net interest margin during the three months ended March 31, 2013 compared to the comparable period in 2012.

M&F Bancorp Inc. announced earnings results for the year ended December 31, 2012. For the year, the company reported net interest income of $10,531,000 against $10,881,000 a year ago. Pre-tax net income was $457,000 against $747,000 a year ago. Net income available to common stockholders totaled $104,000 or $0.05 per basic and diluted share and $370,000 or $0.18 per basic and diluted share during 2012 and 2011, respectively. Book value per share of common stock was $12.08 against $12.14 a year ago. Return on average assets was 0.03% against 0.12% a year ago. Return on average stockholders' equity was 0.28% against 1.00% a year ago.

Effective January 11, 2013, Randall C. Hall was appointed Chief Financial Officer of M&F Bancorp Inc. and its wholly-owned subsidiary, Mechanics & Farmers Bank, succeeding Lyn Hittle upon her retirement, as previously announced.