Source: Winston-Salem Journal, N.self storageC.Aug. 15--M&F Bancorp Inc., parent company of Mechanics and Farmers Bank, reported Thursday a loss of $66,000 in the second quarter compared with net income of $124,000 a year ago.The bank, based in Durham, has a branch in Winston-Salem.It reported an earnings loss of 3 cents a share compared with diluted earnings of 6 cents a year ago.The bank said past-due loans dropped to $7.5 million on June 30 from $10.4 million on Dec. 31.It reported having $218,000 in expenses related to other real-estate owned, typically properties t迷你倉at have been foreclosed."We are continuing to experience significant pressure on our existing loan portfolio due to a challenging loan environment and competition," said Kim Saunders, the bank's president and chief executive.""We are continuing our focus on reducing non-performing and classified assets in 2013 to further strengthen our bank and improve our operating results."Copyright: ___ (c)2013 Winston-Salem Journal (Winston Salem, N.C.) Visit Winston-Salem Journal (Winston Salem, N.C.) at 2.journalnow.com Distributed by MCT Information Services文件倉
- Aug 15 Thu 2013 13:27
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BRIEF: M&F Bancorp reports loss
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