Income Statement for M&F BANCORP INC /NC/ (MFBP)

Income Statement for M&F BANCORP INC /NC/
Dec 31, 2013 Dec 31, 2012 Dec 31, 2011
Profit
Total Revenue 13,308,000 13,884,000 15,831,000
Cost of Revenue 760,000 907,000 1,430,000
Gross Profit - - -
Operating Expenses
Research Development - - -
Selling General and Administrative 11,698,000 12,239,000 12,677,000
Non Recurring - - -
Others 329,000 166,000 903,000
Total Operating Expenses - - -
Operating Income or Loss - - -
Income from Continuing Operations
Total Other Income/Expenses Net - - -
Earnings Before Interest And Taxes 521,000 572,000 821,000
Interest Expense 7,000 115,000 74,000
Income Before Tax 514,000 457,000 747,000
Income Tax Expense 151,000 116,000 141,000
Minority Interest - - -
Net Income From Continuing Ops 363,000 341,000 606,000
Non-recurring Events
Discontinued Operations - - -
Extraordinary Items - - -
Effect Of Accounting Changes - - -
Other Items - - -
Net Income
Net Income 363,000 341,000 606,000
Preferred Stock And Other Adjustments -237,000 -237,000 -236,000
Net Income Applicable To Common Shares 126,000 104,000 370,000