Bank posts $2.2M in Q2 net income

KOSCIUSKO – First M&F Corp. reported today a second quarter net income of $1.698 million, or 17 cents per share.

That compares to last year’s quarterly net income of $1.282 million, or 14 cents per share.

The parent of M&F Bank saw its net interest margin fall to 3.58 percent, compared to 3.72 percent a year eariler.

Total assets wre $1.529 billion. Total laons were $967 million, and deposits were $1.366 billion.

First M&F is being acquired by Tupelo-based Renasant.

The merger should be complete in the third quarter, pending regulatory approval.

  • The-Facts

    Sure banks are making money! They pay us .75% for our cd money and still loan it out at 6%. I hate Banks!!!!!!!

    credit union is the way to go…